ALOGO: 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.
ALOGO
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+55.1%), from €2.7m to €4.2m
of which Other amounts receivable: +€1.5m
- Current investments -€480,853
down €480,853 (-64.4%), from €746,956 to €266,103
- Reserves +€1.1m
up €1.1m (+29.5%), from €3.6m to €4.7m
of which Distributable reserves: +€1.1m
- Other debts -€124,096
down €124,096 (-20.9%), from €593,521 to €469,425
- Financial income +€729,621
up €729,621 (+75.3%), from €968,948 to €1.7m
- Taxes +€69,983
up €69,983 (+47.4%), from €147,509 to €217,492
- Staff costs -€12,091
down €12,091 (-10.0%), from €120,877 to €108,787
- Gross operating margin -€8,920
down €8,920 (-4.6%), from €192,938 to €184,018
- Financial charges -€5,585
down €5,585 (-78.5%), from €7,111 to €1,526
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 | €4,378,261 | €5,369,974 | +€991,713 | +22.7% |
| Fixed assets | 21/28 | €903,412 | €886,178 | -€17,234 | -1.9% |
| Tangible fixed assets | 22/27 | €50,978 | €33,745 | -€17,234 | -33.8% |
| Land and buildings | 22 | €1,046 | €426 | -€620 | -59.3% |
| Furniture and vehicles | 24 | €49,932 | €33,319 | -€16,614 | -33.3% |
| Financial fixed assets | 28 | €852,433 | €852,433 | = | 0.0% |
| Current assets | 29/58 | €3,474,849 | €4,483,796 | +€1.0m | +29.0% |
| Amounts receivable within one year | 40/41 | €2,690,137 | €4,171,608 | +€1.5m | +55.1% |
| Trade receivables | 40 | €18,537 | €40,250 | +€21,712 | +117.1% |
| Other amounts receivable | 41 | €2,671,600 | €4,131,358 | +€1.5m | +54.6% |
| Current investments | 50/53 | €746,956 | €266,103 | -€480,853 | -64.4% |
| Cash at bank and in hand | 54/58 | €36,997 | €45,244 | +€8,247 | +22.3% |
| Deferred charges and accrued income | 490/1 | €759 | €842 | +€83 | +10.9% |
| Total equity and liabilities | 10/49 | €4,378,261 | €5,369,974 | +€991,713 | +22.7% |
| Equity | 10/15 | €3,644,334 | €4,713,895 | +€1.1m | +29.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,624,334 | €4,693,895 | +€1.1m | +29.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,624,334 | €4,693,895 | +€1.1m | +29.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €733,927 | €656,079 | -€77,848 | -10.6% |
| Amounts payable within one year | 42/48 | €726,860 | €654,593 | -€72,267 | -9.9% |
| Trade debts | 44 | €8,112 | €10,178 | +€2,066 | +25.5% |
| Suppliers | 440/4 | €8,112 | €10,178 | +€2,066 | +25.5% |
| Taxes, remuneration and social security | 45 | €125,227 | €174,990 | +€49,763 | +39.7% |
| Taxes | 450/3 | €111,381 | €161,601 | +€50,220 | +45.1% |
| Remuneration and social security | 454/9 | €13,847 | €13,389 | -€457 | -3.3% |
| Other amounts payable | 47/48 | €593,521 | €469,425 | -€124,096 | -20.9% |
| Accrued charges and deferred income | 492/3 | €7,067 | €1,485 | -€5,581 | -79.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €120,877 | €108,787 | -€12,091 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,234 | €17,234 | = | 0.0% |
| Other operating charges | 640/8 | €1,553 | €2,543 | +€990 | +63.8% |
| Gross operating margin | 9900 | €192,938 | €184,018 | -€8,920 | -4.6% |
| Operating profit (loss) | 9901 | €53,274 | €55,454 | +€2,180 | +4.1% |
| Financial income | 75/76B | €968,948 | €1,698,569 | +€729,621 | +75.3% |
| Recurring financial income | 75 | €968,948 | €1,698,569 | +€729,621 | +75.3% |
| Financial charges | 65/66B | €7,111 | €1,526 | -€5,585 | -78.5% |
| Recurring financial charges | 65 | €7,111 | €1,526 | -€5,585 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €1,015,111 | €1,752,497 | +€737,386 | +72.6% |
| Income taxes | 67/77 | €147,509 | €217,492 | +€69,983 | +47.4% |
| Profit (loss) for the period | 9904 | €867,602 | €1,535,005 | +€667,403 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €867,602 | €1,535,005 | +€667,403 | +76.9% |
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 10 October 2026 via checked.be.