ALGRE - LANDEN: what changed
Two fiscal 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.
ALGRE - LANDEN
Largest movements
- Cash +€23,860
up €23,860 (+66.8%), from €35,724 to €59,585
mainly Depreciation (+€14,492) and Current investments (+€11,749)
- Tangible fixed assets -€14,492
down €14,492 (-9.8%), from €148,409 to €133,916
of which Land and buildings: -€13,358
- Current investments -€11,749
down €11,749 (-4.2%), from €277,199 to €265,450
- Receivables within one year -€7,326
down €7,326 (-72.5%), from €10,110 to €2,784
of which Other amounts receivable: -€7,749
- Profit (loss) carried forward -€8,737
new in 2025: -€8,737
- Financial charges +€19,270
up €19,270, from -€8,680 to €10,590
- Financial income +€960
up €960 (+18.4%), from €5,207 to €6,167
- Taxes -€960
no longer reported in 2025 (was €960)
- Depreciation +€158
up €158 (+1.1%), from €14,334 to €14,492
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,667 | €462,476 | -€10,191 | -2.2% |
| Fixed assets | 21/28 | €148,409 | €133,916 | -€14,492 | -9.8% |
| Tangible fixed assets | 22/27 | €148,409 | €133,916 | -€14,492 | -9.8% |
| Land and buildings | 22 | €145,898 | €132,540 | -€13,358 | -9.2% |
| Plant, machinery and equipment | 23 | €2,180 | €1,360 | -€819 | -37.6% |
| Furniture and vehicles | 24 | €331 | €16 | -€315 | -95.1% |
| Current assets | 29/58 | €324,258 | €328,560 | +€4,302 | +1.3% |
| Amounts receivable within one year | 40/41 | €10,110 | €2,784 | -€7,326 | -72.5% |
| Trade receivables | 40 | €87 | €510 | +€423 | +486.3% |
| Other amounts receivable | 41 | €10,023 | €2,274 | -€7,749 | -77.3% |
| Current investments | 50/53 | €277,199 | €265,450 | -€11,749 | -4.2% |
| Cash at bank and in hand | 54/58 | €35,724 | €59,585 | +€23,860 | +66.8% |
| Deferred charges and accrued income | 490/1 | €1,224 | €741 | -€484 | -39.5% |
| Total equity and liabilities | 10/49 | €472,667 | €462,476 | -€10,191 | -2.2% |
| Equity | 10/15 | €470,791 | €462,054 | -€8,737 | -1.9% |
| Contributions | 10/11 | €441,000 | €441,000 | = | 0.0% |
| Capital | 10 | €441,000 | €441,000 | = | 0.0% |
| Issued capital | 100 | €441,000 | €441,000 | = | 0.0% |
| Reserves | 13 | €29,791 | €29,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,957 | €17,957 | = | 0.0% |
| Legal reserve | 130 | €17,957 | €17,957 | = | 0.0% |
| Distributable reserves | 133 | €11,834 | €11,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,737 | -€8,737 | |
| Amounts payable | 17/49 | €1,876 | €422 | -€1,454 | -77.5% |
| Amounts payable within one year | 42/48 | €1,876 | €422 | -€1,454 | -77.5% |
| Trade debts | 44 | €1,876 | €74 | -€1,802 | -96.1% |
| Suppliers | 440/4 | €1,876 | €74 | -€1,802 | -96.1% |
| Other amounts payable | 47/48 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,334 | €14,492 | +€158 | +1.1% |
| Other operating charges | 640/8 | €4,419 | €4,495 | +€75 | +1.7% |
| Gross operating margin | 9900 | €14,652 | €14,674 | +€22 | +0.1% |
| Operating profit (loss) | 9901 | -€4,102 | -€4,314 | -€212 | -5.2% |
| Financial income | 75/76B | €5,207 | €6,167 | +€960 | +18.4% |
| Recurring financial income | 75 | €5,207 | €6,167 | +€960 | +18.4% |
| Financial charges | 65/66B | -€8,680 | €10,590 | +€19,270 | |
| Recurring financial charges | 65 | -€8,680 | €10,590 | +€19,270 | |
| Profit (loss) for the period before taxes | 9903 | €9,785 | -€8,737 | -€18,522 | |
| Income taxes | 67/77 | €960 | - | -€960 | |
| Profit (loss) for the period | 9904 | €8,825 | -€8,737 | -€17,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,825 | -€8,737 | -€17,562 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.