ALGRODI: 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.
ALGRODI
Largest movements
- Tangible fixed assets -€41,719
down €41,719 (-25.5%), from €163,623 to €121,904
of which Furniture and vehicles: -€28,908
- Receivables within one year -€20,944
down €20,944 (-76.5%), from €27,373 to €6,428
of which Trade receivables: -€14,075
- Cash +€14,884
up €14,884 (+75.7%), from €19,662 to €34,545
mainly Depreciation (+€50,933) and Receivables within one year (+€20,944)
- Other debts -€38,447
no longer reported in 2025 (was €38,447)
- Debts after one year -€19,160
down €19,160 (-63.0%), from €30,393 to €11,233
- Reserves +€12,588
up €12,588 (+11.3%), from €111,177 to €123,764
- Trade debts -€4,778
down €4,778 (-98.2%), from €4,863 to €86
- Gross operating margin +€14,350
up €14,350 (+20.1%), from €71,502 to €85,851
- Depreciation +€9,463
up €9,463 (+22.8%), from €41,469 to €50,933
- Staff costs +€2,266
up €2,266 (+50.0%), from €4,533 to €6,799
- Taxes +€2,127
up €2,127 (+30.8%), from €6,910 to €9,037
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 | €215,956 | €168,179 | -€47,776 | -22.1% |
| Fixed assets | 21/28 | €163,623 | €121,904 | -€41,719 | -25.5% |
| Tangible fixed assets | 22/27 | €163,623 | €121,904 | -€41,719 | -25.5% |
| Land and buildings | 22 | €11,390 | €8,554 | -€2,836 | -24.9% |
| Plant, machinery and equipment | 23 | €43,840 | €33,865 | -€9,975 | -22.8% |
| Furniture and vehicles | 24 | €108,393 | €79,485 | -€28,908 | -26.7% |
| Current assets | 29/58 | €52,333 | €46,275 | -€6,058 | -11.6% |
| Stocks and contracts in progress | 3 | €3,805 | €3,678 | -€128 | -3.4% |
| Stocks | 30/36 | €3,805 | €3,678 | -€128 | -3.4% |
| Amounts receivable within one year | 40/41 | €27,373 | €6,428 | -€20,944 | -76.5% |
| Trade receivables | 40 | €16,709 | €2,634 | -€14,075 | -84.2% |
| Other amounts receivable | 41 | €10,664 | €3,794 | -€6,869 | -64.4% |
| Cash at bank and in hand | 54/58 | €19,662 | €34,545 | +€14,884 | +75.7% |
| Deferred charges and accrued income | 490/1 | €1,493 | €1,624 | +€131 | +8.8% |
| Total equity and liabilities | 10/49 | €215,956 | €168,179 | -€47,776 | -22.1% |
| Equity | 10/15 | €123,577 | €136,164 | +€12,588 | +10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,177 | €123,764 | +€12,588 | +11.3% |
| Distributable reserves | 133 | €111,177 | €123,764 | +€12,588 | +11.3% |
| Amounts payable | 17/49 | €92,379 | €32,015 | -€60,364 | -65.3% |
| Amounts payable after more than one year | 17 | €30,393 | €11,233 | -€19,160 | -63.0% |
| Financial debts | 170/4 | €30,393 | €11,233 | -€19,160 | -63.0% |
| Amounts payable within one year | 42/48 | €61,986 | €20,782 | -€41,204 | -66.5% |
| Current portion of amounts payable after more than one year | 42 | €18,676 | €19,160 | +€484 | +2.6% |
| Trade debts | 44 | €4,863 | €86 | -€4,778 | -98.2% |
| Suppliers | 440/4 | €4,863 | €86 | -€4,778 | -98.2% |
| Taxes, remuneration and social security | 45 | - | €1,537 | +€1,537 | |
| Taxes | 450/3 | - | €1,537 | +€1,537 | |
| Other amounts payable | 47/48 | €38,447 | - | -€38,447 | |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €4,533 | €6,799 | +€2,266 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,469 | €50,933 | +€9,463 | +22.8% |
| Other operating charges | 640/8 | €1,327 | €1,016 | -€311 | -23.4% |
| Gross operating margin | 9900 | €71,502 | €85,851 | +€14,350 | +20.1% |
| Operating profit (loss) | 9901 | €24,173 | €27,104 | +€2,931 | +12.1% |
| Financial income | 75/76B | €196 | €43 | -€152 | -77.8% |
| Recurring financial income | 75 | €196 | €43 | -€152 | -77.8% |
| Financial charges | 65/66B | €1,930 | €1,466 | -€464 | -24.1% |
| Recurring financial charges | 65 | €1,930 | €1,466 | -€464 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €22,439 | €25,682 | +€3,243 | +14.5% |
| Income taxes | 67/77 | €6,910 | €9,037 | +€2,127 | +30.8% |
| Profit (loss) for the period | 9904 | €15,529 | €16,645 | +€1,116 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,529 | €16,645 | +€1,116 | +7.2% |
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 7 October 2026 via checked.be.