ALGUNI: 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.
ALGUNI
Largest movements
- Receivables within one year -€402,155
down €402,155 (-77.3%), from €520,213 to €118,058
of which Other amounts receivable: -€405,465
- Tangible fixed assets +€107,852
up €107,852 (+8.2%), from €1.3m to €1.4m
of which Land and buildings: +€108,115
- Other debts -€349,166
down €349,166 (-62.4%), from €559,157 to €209,991
- Debts after one year +€124,043
up €124,043 (+16.3%), from €760,693 to €884,736
- Profit (loss) carried forward -€76,376
down €76,376 (-54.7%), from -€139,671 to -€216,047
- Reserves -€39,593
down €39,593 (-10.4%), from €380,284 to €340,691
of which Distributable reserves: -€20,000
- Trade debts +€34,768
up €34,768 (+12.6%), from €276,524 to €311,292
- Financial charges -€34,843
down €34,843 (-48.4%), from €71,933 to €37,089
of which Financial charges: -€27,659
- Taxes -€9,634
no longer reported in 2025 (was €9,634)
- Depreciation +€7,967
up €7,967 (+14.1%), from €56,515 to €64,482
- Gross operating margin -€7,248
down €7,248, from €3,470 to -€3,778
- Financial income +€1,621
up €1,621 (+30.8%), from €5,257 to €6,878
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.
Derived cash bridge
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 | €2,015,602 | €1,716,916 | -€298,686 | -14.8% |
| Fixed assets | 21/28 | €1,484,060 | €1,591,911 | +€107,852 | +7.3% |
| Tangible fixed assets | 22/27 | €1,309,715 | €1,417,566 | +€107,852 | +8.2% |
| Land and buildings | 22 | €1,307,944 | €1,416,060 | +€108,115 | +8.3% |
| Plant, machinery and equipment | 23 | €1,770 | €1,507 | -€263 | -14.9% |
| Financial fixed assets | 28 | €174,345 | €174,345 | = | 0.0% |
| Current assets | 29/58 | €531,542 | €125,005 | -€406,537 | -76.5% |
| Amounts receivable within one year | 40/41 | €520,213 | €118,058 | -€402,155 | -77.3% |
| Trade receivables | 40 | €77 | €3,386 | +€3,310 | +4,327% |
| Other amounts receivable | 41 | €520,136 | €114,671 | -€405,465 | -78.0% |
| Cash at bank and in hand | 54/58 | €6,105 | €69 | -€6,036 | -98.9% |
| Deferred charges and accrued income | 490/1 | €5,224 | €6,878 | +€1,654 | +31.7% |
| Total equity and liabilities | 10/49 | €2,015,602 | €1,716,916 | -€298,686 | -14.8% |
| Equity | 10/15 | €259,213 | €143,244 | -€115,969 | -44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,284 | €340,691 | -€39,593 | -10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €355,029 | €335,436 | -€19,593 | -5.5% |
| Distributable reserves | 133 | €23,395 | €3,395 | -€20,000 | -85.5% |
| Profit (loss) carried forward | 14 | -€139,671 | -€216,047 | -€76,376 | -54.7% |
| Provisions and deferred taxes | 16 | €88,757 | €83,859 | -€4,898 | -5.5% |
| Deferred taxes | 168 | €88,757 | €83,859 | -€4,898 | -5.5% |
| Amounts payable | 17/49 | €1,667,631 | €1,489,813 | -€177,819 | -10.7% |
| Amounts payable after more than one year | 17 | €760,693 | €884,736 | +€124,043 | +16.3% |
| Financial debts | 170/4 | €760,693 | €884,736 | +€124,043 | +16.3% |
| Amounts payable within one year | 42/48 | €906,938 | €605,077 | -€301,861 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €70,629 | €48,880 | -€21,749 | -30.8% |
| Financial debts | 43 | €628 | €34,914 | +€34,286 | +5,459% |
| Credit institutions | 430/8 | €628 | €34,914 | +€34,286 | +5,459% |
| Trade debts | 44 | €276,524 | €311,292 | +€34,768 | +12.6% |
| Suppliers | 440/4 | €276,524 | €311,292 | +€34,768 | +12.6% |
| Other amounts payable | 47/48 | €559,157 | €209,991 | -€349,166 | -62.4% |
| Non-recurring operating income | 76A | €9,900 | €511 | -€9,389 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,515 | €64,482 | +€7,967 | +14.1% |
| Other operating charges | 640/8 | €3,022 | €2,396 | -€626 | -20.7% |
| Non-recurring operating charges | 66A | €77,032 | - | -€77,032 | |
| Gross operating margin | 9900 | €3,470 | -€3,778 | -€7,248 | |
| Operating profit (loss) | 9901 | -€133,099 | -€70,656 | +€62,443 | +46.9% |
| Financial income | 75/76B | €5,257 | €6,878 | +€1,621 | +30.8% |
| Recurring financial income | 75 | €5,257 | €6,878 | +€1,621 | +30.8% |
| Financial charges | 65/66B | €71,933 | €37,089 | -€34,843 | -48.4% |
| Recurring financial charges | 65 | €60,433 | €32,773 | -€27,659 | -45.8% |
| Non-recurring financial charges | 66B | €11,500 | €4,316 | -€7,184 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | -€199,774 | -€100,867 | +€98,907 | +49.5% |
| Transfer from deferred taxes | 780 | €4,588 | €4,898 | +€310 | +6.8% |
| Income taxes | 67/77 | €9,634 | - | -€9,634 | |
| Profit (loss) for the period | 9904 | -€204,820 | -€95,969 | +€108,851 | +53.1% |
| Transfer from tax-exempt reserves | 789 | €18,351 | €19,593 | +€1,242 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,469 | -€76,376 | +€110,093 | +59.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.