ALGRO CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€827,411
up €827,411 (+1394.5%), from €59,333 to €886,744
of which Trade receivables: +€823,979
- Tangible fixed assets +€20,443
up €20,443 (+2457.6%), from €832 to €21,274
- Cash -€11,999
down €11,999 (-41.2%), from €29,119 to €17,120
- Other debts +€609,741
new in 2024: €609,741
- Profit (loss) carried forward +€173,080
up €173,080 (+797.0%), from €21,716 to €194,796
- Trade debts +€94,897
up €94,897 (+390.3%), from €24,312 to €119,209
- Tax, wage and social debts -€41,865
down €41,865 (-99.1%), from €42,256 to €391
of which Remuneration and social security: -€31,414
- Turnover -€881,995
no longer reported in 2024 (was €881,995)
- Purchases and services -€792,792
no longer reported in 2024 (was €792,792)
- Gross operating margin -€60,325
down €60,325 (-67.6%), from €89,203 to €28,878
- Staff costs -€55,283
down €55,283 (-99.9%), from €55,328 to €45
- Taxes -€9,456
down €9,456 (-87.4%), from €10,819 to €1,364
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,284 | €925,138 | +€835,854 | +936.2% |
| Fixed assets | 21/28 | €832 | €21,274 | +€20,443 | +2457.6% |
| Tangible fixed assets | 22/27 | €832 | €21,274 | +€20,443 | +2457.6% |
| Furniture and vehicles | 24 | €832 | €21,274 | +€20,443 | +2457.6% |
| Current assets | 29/58 | €88,452 | €903,864 | +€815,412 | +921.9% |
| Amounts receivable within one year | 40/41 | €59,333 | €886,744 | +€827,411 | +1394.5% |
| Trade receivables | 40 | €57,005 | €880,984 | +€823,979 | +1445.5% |
| Other amounts receivable | 41 | €2,328 | €5,760 | +€3,432 | +147.4% |
| Cash at bank and in hand | 54/58 | €29,119 | €17,120 | -€11,999 | -41.2% |
| Total equity and liabilities | 10/49 | €89,284 | €925,138 | +€835,854 | +936.2% |
| Equity | 10/15 | €22,716 | €195,796 | +€173,080 | +761.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,716 | €194,796 | +€173,080 | +797.0% |
| Amounts payable | 17/49 | €66,568 | €729,342 | +€662,774 | +995.6% |
| Amounts payable within one year | 42/48 | €66,568 | €729,342 | +€662,774 | +995.6% |
| Trade debts | 44 | €24,312 | €119,209 | +€94,897 | +390.3% |
| Suppliers | 440/4 | €24,312 | €119,209 | +€94,897 | +390.3% |
| Taxes, remuneration and social security | 45 | €42,256 | €391 | -€41,865 | -99.1% |
| Taxes | 450/3 | €10,842 | €391 | -€10,451 | -96.4% |
| Remuneration and social security | 454/9 | €31,414 | - | -€31,414 | |
| Other amounts payable | 47/48 | - | €609,741 | +€609,741 | |
| Turnover | 70 | €881,995 | - | -€881,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €792,792 | - | -€792,792 | |
| Remuneration, social security and pensions | 62 | €55,328 | €45 | -€55,283 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | - | -€368 | |
| Other operating charges | 640/8 | €3 | - | -€3 | |
| Gross operating margin | 9900 | €89,203 | €28,878 | -€60,325 | -67.6% |
| Operating profit (loss) | 9901 | €33,503 | €28,833 | -€4,671 | -13.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €971 | €10 | -€961 | -99.0% |
| Recurring financial charges | 65 | €971 | €10 | -€961 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €32,535 | €28,823 | -€3,713 | -11.4% |
| Income taxes | 67/77 | €10,819 | €1,364 | -€9,456 | -87.4% |
| Profit (loss) for the period | 9904 | €21,716 | €27,459 | +€5,743 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,716 | €27,459 | +€5,743 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.