ALGUKO: 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.
ALGUKO
Largest movements
- Tangible fixed assets -€12,470
down €12,470 (-9.7%), from €129,016 to €116,546
of which Land and buildings: -€7,854
- Profit (loss) carried forward -€12,206
down €12,206 (-1185.0%), from -€1,030 to -€13,236
- Debts after one year +€2,993
up €2,993 (+4.8%), from €61,889 to €64,882
- Reserves -€1,741
down €1,741 (-3.4%), from €50,836 to €49,095
of which Tax-exempt reserves: -€1,741
- Gross operating margin -€10,721
down €10,721 (-66.8%), from €16,045 to €5,324
- Depreciation +€925
up €925 (+8.0%), from €11,545 to €12,470
- Financial charges -€510
down €510 (-10.3%), from €4,946 to €4,436
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 | €161,434 | €149,332 | -€12,102 | -7.5% |
| Fixed assets | 21/28 | €129,016 | €116,546 | -€12,470 | -9.7% |
| Tangible fixed assets | 22/27 | €129,016 | €116,546 | -€12,470 | -9.7% |
| Land and buildings | 22 | €114,327 | €106,474 | -€7,854 | -6.9% |
| Plant, machinery and equipment | 23 | €116 | - | -€116 | |
| Furniture and vehicles | 24 | €14,573 | €10,073 | -€4,500 | -30.9% |
| Current assets | 29/58 | €32,418 | €32,785 | +€368 | +1.1% |
| Amounts receivable within one year | 40/41 | €426 | €38 | -€388 | -91.1% |
| Other amounts receivable | 41 | €426 | €38 | -€388 | -91.1% |
| Cash at bank and in hand | 54/58 | €31,864 | €32,617 | +€753 | +2.4% |
| Deferred charges and accrued income | 490/1 | €128 | €130 | +€3 | +2.1% |
| Total equity and liabilities | 10/49 | €161,434 | €149,332 | -€12,102 | -7.5% |
| Equity | 10/15 | €86,990 | €73,043 | -€13,947 | -16.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €50,836 | €49,095 | -€1,741 | -3.4% |
| Tax-exempt reserves | 132 | €25,641 | €23,899 | -€1,741 | -6.8% |
| Distributable reserves | 133 | €25,196 | €25,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,030 | -€13,236 | -€12,206 | -1185.0% |
| Provisions and deferred taxes | 16 | €6,410 | €5,975 | -€435 | -6.8% |
| Deferred taxes | 168 | €6,410 | €5,975 | -€435 | -6.8% |
| Amounts payable | 17/49 | €68,034 | €70,314 | +€2,280 | +3.4% |
| Amounts payable after more than one year | 17 | €61,889 | €64,882 | +€2,993 | +4.8% |
| Financial debts | 170/4 | €61,889 | €64,882 | +€2,993 | +4.8% |
| Amounts payable within one year | 42/48 | €1,251 | €1,049 | -€201 | -16.1% |
| Trade debts | 44 | €1,013 | €1,049 | +€36 | +3.5% |
| Suppliers | 440/4 | €1,013 | €1,049 | +€36 | +3.5% |
| Taxes, remuneration and social security | 45 | €237 | - | -€237 | |
| Taxes | 450/3 | €237 | - | -€237 | |
| Accrued charges and deferred income | 492/3 | €4,894 | €4,382 | -€512 | -10.5% |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,545 | €12,470 | +€925 | +8.0% |
| Other operating charges | 640/8 | €2,855 | €2,926 | +€72 | +2.5% |
| Gross operating margin | 9900 | €16,045 | €5,324 | -€10,721 | -66.8% |
| Operating profit (loss) | 9901 | €1,646 | -€10,072 | -€11,718 | |
| Financial income | 75/76B | €94 | €126 | +€32 | +34.1% |
| Recurring financial income | 75 | €94 | €126 | +€32 | +34.1% |
| Financial charges | 65/66B | €4,946 | €4,436 | -€510 | -10.3% |
| Recurring financial charges | 65 | €4,946 | €4,436 | -€510 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,207 | -€14,383 | -€11,176 | -348.5% |
| Transfer from deferred taxes | 780 | €435 | €435 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,771 | -€13,947 | -€11,176 | -403.3% |
| Transfer from tax-exempt reserves | 789 | €1,741 | €1,741 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,030 | -€12,206 | -€11,176 | -1085.0% |
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 30 September 2026 via checked.be.