ALGUMA: 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.
ALGUMA
Largest movements
- Cash +€36,740
up €36,740 (+91.5%), from €40,159 to €76,899
mainly Net result for the year (+€28,034) and Trade debts (+€10,650)
- Stocks and contracts +€8,322
up €8,322 (+180.7%), from €4,605 to €12,927
- Tangible fixed assets -€6,560
down €6,560 (-21.5%), from €30,486 to €23,927
- Receivables within one year -€4,214
down €4,214 (-8.1%), from €52,275 to €48,061
of which Trade receivables: -€5,989
- Reserves +€20,534
up €20,534 (+20.6%), from €99,852 to €120,386
- Trade debts +€10,650
up €10,650 (+77.4%), from €13,758 to €24,408
- Gross operating margin +€1,624
up €1,624 (+3.3%), from €49,285 to €50,910
- Financial charges -€1,188
down €1,188 (-29.8%), from €3,985 to €2,797
- Depreciation +€729
up €729 (+8.2%), from €8,843 to €9,572
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 | €175,441 | €210,171 | +€34,730 | +19.8% |
| Fixed assets | 21/28 | €30,486 | €23,927 | -€6,560 | -21.5% |
| Tangible fixed assets | 22/27 | €30,486 | €23,927 | -€6,560 | -21.5% |
| Furniture and vehicles | 24 | €30,486 | €23,927 | -€6,560 | -21.5% |
| Current assets | 29/58 | €144,954 | €186,244 | +€41,290 | +28.5% |
| Stocks and contracts in progress | 3 | €4,605 | €12,927 | +€8,322 | +180.7% |
| Stocks | 30/36 | €4,605 | €12,927 | +€8,322 | +180.7% |
| Amounts receivable within one year | 40/41 | €52,275 | €48,061 | -€4,214 | -8.1% |
| Trade receivables | 40 | €50,903 | €44,914 | -€5,989 | -11.8% |
| Other amounts receivable | 41 | €1,372 | €3,147 | +€1,776 | +129.5% |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,159 | €76,899 | +€36,740 | +91.5% |
| Deferred charges and accrued income | 490/1 | €2,915 | €3,357 | +€442 | +15.2% |
| Total equity and liabilities | 10/49 | €175,441 | €210,171 | +€34,730 | +19.8% |
| Equity | 10/15 | €118,444 | €138,978 | +€20,534 | +17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €99,852 | €120,386 | +€20,534 | +20.6% |
| Distributable reserves | 133 | €99,852 | €120,386 | +€20,534 | +20.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,997 | €71,193 | +€14,197 | +24.9% |
| Amounts payable within one year | 42/48 | €54,237 | €68,837 | +€14,600 | +26.9% |
| Trade debts | 44 | €13,758 | €24,408 | +€10,650 | +77.4% |
| Suppliers | 440/4 | €13,758 | €24,408 | +€10,650 | +77.4% |
| Taxes, remuneration and social security | 45 | €2,980 | €4,906 | +€1,926 | +64.7% |
| Taxes | 450/3 | €2,980 | €4,906 | +€1,926 | +64.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,499 | €39,523 | +€2,024 | +5.4% |
| Accrued charges and deferred income | 492/3 | €2,760 | €2,357 | -€404 | -14.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,843 | €9,572 | +€729 | +8.2% |
| Other operating charges | 640/8 | €1,094 | €1,527 | +€433 | +39.6% |
| Gross operating margin | 9900 | €49,285 | €50,910 | +€1,624 | +3.3% |
| Operating profit (loss) | 9901 | €39,348 | €39,810 | +€462 | +1.2% |
| Financial income | 75/76B | €549 | €202 | -€347 | -63.2% |
| Recurring financial income | 75 | €549 | €202 | -€347 | -63.2% |
| Financial charges | 65/66B | €3,985 | €2,797 | -€1,188 | -29.8% |
| Recurring financial charges | 65 | €3,985 | €2,797 | -€1,188 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €35,912 | €37,216 | +€1,303 | +3.6% |
| Income taxes | 67/77 | €9,462 | €9,182 | -€280 | -3.0% |
| Profit (loss) for the period | 9904 | €26,450 | €28,034 | +€1,584 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,450 | €28,034 | +€1,584 | +6.0% |
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 8 October 2026 via checked.be.