ALGROENCO: 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.
ALGROENCO
Largest movements
- Tangible fixed assets +€387,363
up €387,363 (+39.0%), from €993,345 to €1.4m
of which Furniture and vehicles: +€351,155
- Cash +€163,084
up €163,084 (+152.4%), from €107,020 to €270,105
mainly Trade debts (+€473,642) and Depreciation (+€241,278)
- Receivables within one year +€102,347
up €102,347 (+19.2%), from €534,428 to €636,775
of which Trade receivables: +€78,531
- Trade debts +€473,642
up €473,642 (+342.6%), from €138,246 to €611,888
- Other debts +€151,133
up €151,133 (+112.4%), from €134,488 to €285,621
- Reserves +€114,709
up €114,709 (+25.6%), from €447,284 to €561,993
of which Distributable reserves: +€114,709
- Tax, wage and social debts -€68,120
down €68,120 (-67.1%), from €101,480 to €33,360
of which Taxes: -€39,630
- Debts after one year -€30,245
down €30,245 (-6.6%), from €457,859 to €427,614
- Depreciation +€39,890
up €39,890 (+19.8%), from €201,388 to €241,278
- Taxes -€19,630
down €19,630 (-19.6%), from €100,093 to €80,463
- Gross operating margin +€10,903
up €10,903 (+1.4%), from €781,602 to €792,505
- Staff costs -€8,671
down €8,671 (-3.7%), from €236,462 to €227,791
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 | €1,664,666 | €2,302,460 | +€637,794 | +38.3% |
| Fixed assets | 21/28 | €993,345 | €1,380,708 | +€387,363 | +39.0% |
| Tangible fixed assets | 22/27 | €993,345 | €1,380,708 | +€387,363 | +39.0% |
| Land and buildings | 22 | €539,530 | €509,781 | -€29,749 | -5.5% |
| Plant, machinery and equipment | 23 | €169,080 | €235,036 | +€65,956 | +39.0% |
| Furniture and vehicles | 24 | €284,736 | €635,891 | +€351,155 | +123.3% |
| Current assets | 29/58 | €671,320 | €921,752 | +€250,431 | +37.3% |
| Stocks and contracts in progress | 3 | €5,260 | €3,790 | -€1,470 | -27.9% |
| Stocks | 30/36 | €5,260 | €3,790 | -€1,470 | -27.9% |
| Amounts receivable within one year | 40/41 | €534,428 | €636,775 | +€102,347 | +19.2% |
| Trade receivables | 40 | €509,388 | €587,919 | +€78,531 | +15.4% |
| Other amounts receivable | 41 | €25,040 | €48,855 | +€23,815 | +95.1% |
| Cash at bank and in hand | 54/58 | €107,020 | €270,105 | +€163,084 | +152.4% |
| Deferred charges and accrued income | 490/1 | €24,612 | €11,083 | -€13,530 | -55.0% |
| Total equity and liabilities | 10/49 | €1,664,666 | €2,302,460 | +€637,794 | +38.3% |
| Equity | 10/15 | €721,293 | €836,001 | +€114,709 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €447,284 | €561,993 | +€114,709 | +25.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €445,424 | €560,133 | +€114,709 | +25.8% |
| Profit (loss) carried forward | 14 | €255,409 | €255,409 | = | 0.0% |
| Amounts payable | 17/49 | €943,373 | €1,466,458 | +€523,085 | +55.4% |
| Amounts payable after more than one year | 17 | €457,859 | €427,614 | -€30,245 | -6.6% |
| Financial debts | 170/4 | €457,859 | €427,614 | -€30,245 | -6.6% |
| Amounts payable within one year | 42/48 | €485,515 | €1,038,845 | +€553,330 | +114.0% |
| Current portion of amounts payable after more than one year | 42 | €111,301 | €107,977 | -€3,324 | -3.0% |
| Trade debts | 44 | €138,246 | €611,888 | +€473,642 | +342.6% |
| Suppliers | 440/4 | €138,246 | €611,888 | +€473,642 | +342.6% |
| Taxes, remuneration and social security | 45 | €101,480 | €33,360 | -€68,120 | -67.1% |
| Taxes | 450/3 | €72,990 | €33,360 | -€39,630 | -54.3% |
| Remuneration and social security | 454/9 | €28,490 | - | -€28,490 | |
| Other amounts payable | 47/48 | €134,488 | €285,621 | +€151,133 | +112.4% |
| Remuneration, social security and pensions | 62 | €236,462 | €227,791 | -€8,671 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,388 | €241,278 | +€39,890 | +19.8% |
| Other operating charges | 640/8 | €1,305 | €3,694 | +€2,390 | +183.2% |
| Gross operating margin | 9900 | €781,602 | €792,505 | +€10,903 | +1.4% |
| Operating profit (loss) | 9901 | €342,447 | €319,741 | -€22,706 | -6.6% |
| Financial income | 75/76B | €13 | €317 | +€303 | +2281.6% |
| Recurring financial income | 75 | €13 | €317 | +€303 | +2281.6% |
| Financial charges | 65/66B | €21,696 | €20,341 | -€1,355 | -6.2% |
| Recurring financial charges | 65 | €21,696 | €20,341 | -€1,355 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €320,765 | €299,716 | -€21,048 | -6.6% |
| Income taxes | 67/77 | €100,093 | €80,463 | -€19,630 | -19.6% |
| Profit (loss) for the period | 9904 | €220,672 | €219,253 | -€1,418 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €220,672 | €219,253 | -€1,418 | -0.6% |
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 11 October 2026 via checked.be.