Algran: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Algran
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€369,124
2024 · €304,500+€64,624
Equity
€6.2m
2024 · €6.0m+€214,124
Cash
€1.9m
2024 · €479,135+€1.5m
Balance sheet total
€8.1m
2024 · €7.9m+€214,335
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+304%), from €479,135 to €1.9m
mainly Current investments (+€1.1m) and Net result for the year (+€369,124)
- Current investments -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Tangible fixed assets -€144,730
down €144,730 (-2.3%), from €6.3m to €6.1m
of which Land and buildings: -€129,134
Equity and liabilities
- Profit (loss) carried forward +€239,289
up €239,289 (+4.6%), from €5.2m to €5.4m
Income statement
- Gross operating margin +€64,221
up €64,221 (+6.7%), from €961,162 to €1.0m
- Depreciation -€43,688
down €43,688 (-10.6%), from €412,418 to €368,730
- Financial income -€35,132
down €35,132 (-65.1%), from €53,951 to €18,819
- Financial charges -€21,069
down €21,069 (-16.9%), from €124,819 to €103,750
- Taxes +€10,549
up €10,549 (+8.7%), from €121,642 to €132,191
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€304,500
Gross operating margin
+€64,221
Depreciation
+€43,688
Other operating charges
-€6,255
Financial income
-€35,132
Financial charges
+€21,069
Taxes
-€10,549
Deferred taxes and other
-€12,419
Result 2025
€369,124
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€768,617
Investment
+€845,632
Financing
-€159,491
Cash 2024
€479,135
From operations (derived)
+€768,617
Net result for the year
+€369,124
Depreciation
+€368,730
Deferred charges and accrued income
+€26,060
Provisions
-€8,388
Trade debts
+€5,788
Tax, wage and social debts
+€6,605
Accrued charges and deferred income
+€698
Investment (derived)
+€845,632
Investment in fixed assets (net)
-€224,000
Current investments
+€1.1m
Financing
-€159,491
Short-term financial debts
-€4,491
Contributions, distributions and other
-€155,000
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,887,177 | €8,101,512 | +€214,335 | +2.7% |
| Fixed assets | 21/28 | €6,281,666 | €6,136,936 | -€144,730 | -2.3% |
| Tangible fixed assets | 22/27 | €6,281,666 | €6,136,936 | -€144,730 | -2.3% |
| Land and buildings | 22 | €6,192,172 | €6,063,038 | -€129,134 | -2.1% |
| Plant, machinery and equipment | 23 | €32,199 | €26,951 | -€5,248 | -16.3% |
| Furniture and vehicles | 24 | €57,295 | €46,947 | -€10,348 | -18.1% |
| Current assets | 29/58 | €1,605,511 | €1,964,577 | +€359,065 | +22.4% |
| Amounts receivable within one year | 40/41 | €25,799 | €25,799 | = | 0.0% |
| Trade receivables | 40 | €1,255 | €1,255 | = | 0.0% |
| Other amounts receivable | 41 | €24,543 | €24,543 | = | 0.0% |
| Current investments | 50/53 | €1,069,632 | €0 | -€1.1m | -100% |
| Cash at bank and in hand | 54/58 | €479,135 | €1,933,892 | +€1.5m | +304% |
| Deferred charges and accrued income | 490/1 | €30,946 | €4,885 | -€26,060 | -84.2% |
| Total equity and liabilities | 10/49 | €7,887,177 | €8,101,512 | +€214,335 | +2.7% |
| Equity | 10/15 | €5,997,395 | €6,211,519 | +€214,124 | +3.6% |
| Contributions | 10/11 | €524,340 | €524,340 | = | 0.0% |
| Capital | 10 | €524,340 | €524,340 | = | 0.0% |
| Issued capital | 100 | €524,340 | €524,340 | = | 0.0% |
| Reserves | 13 | €281,788 | €256,623 | -€25,165 | -8.9% |
| Non-distributable reserves | 130/1 | €52,434 | €52,434 | = | 0.0% |
| Legal reserve | 130 | €52,434 | €52,434 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,501 | €139,336 | -€25,165 | -15.3% |
| Distributable reserves | 133 | €64,853 | €64,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,191,267 | €5,430,556 | +€239,289 | +4.6% |
| Provisions and deferred taxes | 16 | €54,834 | €46,445 | -€8,388 | -15.3% |
| Deferred taxes | 168 | €54,834 | €46,445 | -€8,388 | -15.3% |
| Amounts payable | 17/49 | €1,834,948 | €1,843,549 | +€8,600 | +0.5% |
| Amounts payable after more than one year | 17 | €1,464,425 | €1,464,425 | = | 0.0% |
| Financial debts | 170/4 | €1,464,425 | €1,464,425 | = | 0.0% |
| Amounts payable within one year | 42/48 | €303,239 | €311,141 | +€7,902 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 43 | €4,491 | €0 | -€4,491 | -100% |
| Credit institutions | 430/8 | €4,491 | €0 | -€4,491 | -100% |
| Trade debts | 44 | €131 | €5,918 | +€5,788 | +4,430% |
| Suppliers | 440/4 | €131 | €5,918 | +€5,788 | +4,430% |
| Taxes, remuneration and social security | 45 | €3,240 | €9,845 | +€6,605 | +204% |
| Taxes | 450/3 | €3,240 | €9,845 | +€6,605 | +204% |
| Other amounts payable | 47/48 | €280,377 | €280,377 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €67,284 | €67,983 | +€698 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,418 | €368,730 | -€43,688 | -10.6% |
| Other operating charges | 640/8 | €72,541 | €78,796 | +€6,255 | +8.6% |
| Gross operating margin | 9900 | €961,162 | €1,025,383 | +€64,221 | +6.7% |
| Operating profit (loss) | 9901 | €476,203 | €577,857 | +€101,654 | +21.3% |
| Financial income | 75/76B | €53,951 | €18,819 | -€35,132 | -65.1% |
| Recurring financial income | 75 | €53,951 | €18,819 | -€35,132 | -65.1% |
| Financial charges | 65/66B | €124,819 | €103,750 | -€21,069 | -16.9% |
| Recurring financial charges | 65 | €124,819 | €103,750 | -€21,069 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €405,334 | €492,926 | +€87,591 | +21.6% |
| Transfer from deferred taxes | 780 | €20,807 | €8,388 | -€12,419 | -59.7% |
| Income taxes | 67/77 | €121,642 | €132,191 | +€10,549 | +8.7% |
| Profit (loss) for the period | 9904 | €304,500 | €369,124 | +€64,624 | +21.2% |
| Transfer from tax-exempt reserves | 789 | €62,422 | €25,165 | -€37,256 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €366,922 | €394,289 | +€27,367 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.