ALGUE ROUGE: 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.
ALGUE ROUGE
Largest movements
- Tangible fixed assets -€46,561
down €46,561 (-9.7%), from €479,898 to €433,337
- Receivables within one year +€20,694
up €20,694 (+2481.8%), from €834 to €21,528
of which Trade receivables: +€20,313
- Cash -€5,803
down €5,803 (-24.7%), from €23,527 to €17,724
mainly Net result for the year (-€31,672) and Receivables within one year (-€20,694)
- Profit (loss) carried forward -€31,672
down €31,672 (-91.2%), from -€34,719 to -€66,391
- Gross operating margin -€12,410
down €12,410 (-44.6%), from €27,850 to €15,441
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 | €504,259 | €472,589 | -€31,670 | -6.3% |
| Fixed assets | 21/28 | €479,898 | €433,337 | -€46,561 | -9.7% |
| Tangible fixed assets | 22/27 | €479,898 | €433,337 | -€46,561 | -9.7% |
| Furniture and vehicles | 24 | €479,898 | €433,337 | -€46,561 | -9.7% |
| Current assets | 29/58 | €24,361 | €39,252 | +€14,891 | +61.1% |
| Amounts receivable within one year | 40/41 | €834 | €21,528 | +€20,694 | +2481.8% |
| Trade receivables | 40 | €0 | €20,313 | +€20,313 | |
| Other amounts receivable | 41 | €834 | €1,215 | +€381 | +45.7% |
| Cash at bank and in hand | 54/58 | €23,527 | €17,724 | -€5,803 | -24.7% |
| Total equity and liabilities | 10/49 | €504,259 | €472,589 | -€31,670 | -6.3% |
| Equity | 10/15 | €217,281 | €185,609 | -€31,672 | -14.6% |
| Contributions | 10/11 | €252,000 | €252,000 | = | 0.0% |
| Capital | 10 | €252,000 | €252,000 | = | 0.0% |
| Issued capital | 100 | €252,000 | €252,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,719 | -€66,391 | -€31,672 | -91.2% |
| Amounts payable | 17/49 | €286,978 | €286,980 | +€3 | 0.0% |
| Amounts payable after more than one year | 17 | €34,918 | €34,918 | = | 0.0% |
| Other amounts payable | 178/9 | €34,918 | €34,918 | = | 0.0% |
| Amounts payable within one year | 42/48 | €252,060 | €252,063 | +€3 | 0.0% |
| Trade debts | 44 | €60 | €63 | +€3 | +4.2% |
| Suppliers | 440/4 | €60 | €63 | +€3 | +4.2% |
| Other amounts payable | 47/48 | €252,000 | €252,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,561 | €46,561 | = | 0.0% |
| Other operating charges | 640/8 | €447 | €462 | +€15 | +3.3% |
| Gross operating margin | 9900 | €27,850 | €15,441 | -€12,410 | -44.6% |
| Operating profit (loss) | 9901 | -€19,158 | -€31,583 | -€12,425 | -64.9% |
| Financial charges | 65/66B | €46 | €90 | +€44 | +94.0% |
| Recurring financial charges | 65 | €46 | €90 | +€44 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,204 | -€31,672 | -€12,468 | -64.9% |
| Profit (loss) for the period | 9904 | -€19,204 | -€31,672 | -€12,468 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,204 | -€31,672 | -€12,468 | -64.9% |
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 4 October 2026 via checked.be.