ALGRO: 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.
ALGRO
Largest movements
- Receivables within one year +€68,605
up €68,605 (+75.8%), from €90,552 to €159,157
of which Other amounts receivable: +€77,464
- Other debts +€67,420
up €67,420 (+77.0%), from €87,508 to €154,928
- Debts after one year -€55,407
down €55,407 (-10.9%), from €509,057 to €453,650
of which Financial debts: -€55,407
- Reserves +€43,248
up €43,248 (+74.2%), from €58,314 to €101,562
of which Distributable reserves: +€43,248
- Profit (loss) carried forward +€13,022
no longer reported in 2026 (was -€13,022)
- Financial income +€69,980
up €69,980 (+349900.0%), from €20 to €70,000
- Gross operating margin +€31,169
up €31,169, from -€10,934 to €20,235
- Taxes +€4,325
new in 2026: €4,325
- Other operating charges +€1,264
up €1,264 (+57.5%), from €2,197 to €3,460
- Financial charges +€709
up €709 (+2.9%), from €24,296 to €25,005
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €740,869 | €807,798 | +€66,930 | +9.0% |
| Fixed assets | 21/28 | €648,588 | €647,413 | -€1,175 | -0.2% |
| Tangible fixed assets | 22/27 | €1,803 | €628 | -€1,175 | -65.2% |
| Plant, machinery and equipment | 23 | €1,298 | €628 | -€670 | -51.6% |
| Furniture and vehicles | 24 | €505 | - | -€505 | |
| Financial fixed assets | 28 | €646,785 | €646,785 | = | 0.0% |
| Current assets | 29/58 | €92,281 | €160,386 | +€68,105 | +73.8% |
| Amounts receivable within one year | 40/41 | €90,552 | €159,157 | +€68,605 | +75.8% |
| Trade receivables | 40 | €60,090 | €51,230 | -€8,859 | -14.7% |
| Other amounts receivable | 41 | €30,463 | €107,927 | +€77,464 | +254.3% |
| Cash at bank and in hand | 54/58 | €202 | €112 | -€90 | -44.4% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,116 | -€411 | -26.9% |
| Total equity and liabilities | 10/49 | €740,869 | €807,798 | +€66,930 | +9.0% |
| Equity | 10/15 | €64,292 | €120,562 | +€56,270 | +87.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €58,314 | €101,562 | +€43,248 | +74.2% |
| Tax-exempt reserves | 132 | €40,124 | €40,124 | = | 0.0% |
| Distributable reserves | 133 | €18,190 | €61,438 | +€43,248 | +237.8% |
| Profit (loss) carried forward | 14 | -€13,022 | - | +€13,022 | |
| Amounts payable | 17/49 | €676,577 | €687,236 | +€10,660 | +1.6% |
| Amounts payable after more than one year | 17 | €509,057 | €453,650 | -€55,407 | -10.9% |
| Financial debts | 170/4 | €407,057 | €351,650 | -€55,407 | -13.6% |
| Other amounts payable | 178/9 | €102,000 | €102,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,519 | €233,587 | +€66,067 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €57,674 | €55,407 | -€2,266 | -3.9% |
| Trade debts | 44 | €17,305 | €15,313 | -€1,992 | -11.5% |
| Suppliers | 440/4 | €17,305 | €15,313 | -€1,992 | -11.5% |
| Taxes, remuneration and social security | 45 | €5,032 | €7,937 | +€2,905 | +57.7% |
| Taxes | 450/3 | €5,032 | €7,937 | +€2,905 | +57.7% |
| Other amounts payable | 47/48 | €87,508 | €154,928 | +€67,420 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €1,175 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,197 | €3,460 | +€1,264 | +57.5% |
| Gross operating margin | 9900 | -€10,934 | €20,235 | +€31,169 | |
| Operating profit (loss) | 9901 | -€14,305 | €15,600 | +€29,905 | |
| Financial income | 75/76B | €20 | €70,000 | +€69,980 | +349900.0% |
| Recurring financial income | 75 | €20 | €70,000 | +€69,980 | +349900.0% |
| Financial charges | 65/66B | €24,296 | €25,005 | +€709 | +2.9% |
| Recurring financial charges | 65 | €24,296 | €25,005 | +€709 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€38,581 | €60,595 | +€99,176 | |
| Income taxes | 67/77 | - | €4,325 | +€4,325 | |
| Profit (loss) for the period | 9904 | -€38,581 | €56,270 | +€94,851 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,581 | €56,270 | +€94,851 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.