ALGROGREEN: 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.
ALGROGREEN
Largest movements
- Receivables within one year +€43,344
up €43,344 (+2,389%), from €1,814 to €45,159
of which Other amounts receivable: +€38,303
- Tangible fixed assets -€20,490
down €20,490 (-4.9%), from €419,840 to €399,350
of which Furniture and vehicles: -€15,332
- Cash -€5,329
down €5,329 (-58.3%), from €9,133 to €3,804
mainly Receivables within one year (-€43,344) and Investment in fixed assets (net) (-€22,575)
- Trade debts +€41,534
up €41,534 (+50.9%), from €81,549 to €123,082
- Tax, wage and social debts -€15,532
down €15,532 (-67.7%), from €22,947 to €7,415
of which Remuneration and social security: -€8,737
- Debts after one year -€8,723
down €8,723 (-3.3%), from €267,955 to €259,232
- Depreciation +€21,554
up €21,554 (+100%), from €21,511 to €43,065
- Staff costs -€8,825
down €8,825 (-76.4%), from €11,547 to €2,721
- Gross operating margin +€7,564
up €7,564 (+13.3%), from €56,970 to €64,534
- Other operating charges -€3,737
down €3,737 (-62.3%), from €6,003 to €2,266
- Financial charges -€2,100
down €2,100 (-12.0%), from €17,539 to €15,439
From the 2023 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,249 | €450,118 | +€16,869 | +3.9% |
| Fixed assets | 21/28 | €421,645 | €401,155 | -€20,490 | -4.9% |
| Tangible fixed assets | 22/27 | €419,840 | €399,350 | -€20,490 | -4.9% |
| Land and buildings | 22 | €344,608 | €332,741 | -€11,867 | -3.4% |
| Plant, machinery and equipment | 23 | €31,745 | €38,454 | +€6,709 | +21.1% |
| Furniture and vehicles | 24 | €43,487 | €28,155 | -€15,332 | -35.3% |
| Financial fixed assets | 28 | €1,805 | €1,805 | = | 0.0% |
| Current assets | 29/58 | €11,603 | €48,963 | +€37,359 | +322% |
| Amounts receivable within one year | 40/41 | €1,814 | €45,159 | +€43,344 | +2,389% |
| Trade receivables | 40 | - | €5,042 | +€5,042 | |
| Other amounts receivable | 41 | €1,814 | €40,117 | +€38,303 | +2,111% |
| Cash at bank and in hand | 54/58 | €9,133 | €3,804 | -€5,329 | -58.3% |
| Deferred charges and accrued income | 490/1 | €656 | - | -€656 | |
| Total equity and liabilities | 10/49 | €433,249 | €450,118 | +€16,869 | +3.9% |
| Equity | 10/15 | €56,744 | €53,419 | -€3,325 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,284 | €32,959 | -€3,325 | -9.2% |
| Amounts payable | 17/49 | €376,505 | €396,698 | +€20,194 | +5.4% |
| Amounts payable after more than one year | 17 | €267,955 | €259,232 | -€8,723 | -3.3% |
| Financial debts | 170/4 | €267,955 | €259,232 | -€8,723 | -3.3% |
| Amounts payable within one year | 42/48 | €108,550 | €137,467 | +€28,917 | +26.6% |
| Financial debts | 43 | €4,054 | €6,969 | +€2,915 | +71.9% |
| Credit institutions | 430/8 | €4,054 | €6,969 | +€2,915 | +71.9% |
| Trade debts | 44 | €81,549 | €123,082 | +€41,534 | +50.9% |
| Suppliers | 440/4 | €81,549 | €123,082 | +€41,534 | +50.9% |
| Taxes, remuneration and social security | 45 | €22,947 | €7,415 | -€15,532 | -67.7% |
| Taxes | 450/3 | €14,210 | €7,415 | -€6,795 | -47.8% |
| Remuneration and social security | 454/9 | €8,737 | - | -€8,737 | |
| Remuneration, social security and pensions | 62 | €11,547 | €2,721 | -€8,825 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,511 | €43,065 | +€21,554 | +100% |
| Other operating charges | 640/8 | €6,003 | €2,266 | -€3,737 | -62.3% |
| Gross operating margin | 9900 | €56,970 | €64,534 | +€7,564 | +13.3% |
| Operating profit (loss) | 9901 | €17,910 | €16,482 | -€1,428 | -8.0% |
| Financial income | 75/76B | €0 | €1,216 | +€1,216 | +6,078,250% |
| Recurring financial income | 75 | €0 | €1,216 | +€1,216 | +6,078,250% |
| Financial charges | 65/66B | €17,539 | €15,439 | -€2,100 | -12.0% |
| Recurring financial charges | 65 | €17,539 | €15,439 | -€2,100 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €371 | €2,259 | +€1,888 | +509% |
| Income taxes | 67/77 | €4,927 | €5,583 | +€657 | +13.3% |
| Profit (loss) for the period | 9904 | -€4,556 | -€3,325 | +€1,231 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,556 | -€3,325 | +€1,231 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.