ALZOGRO: 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.
ALZOGRO
Largest movements
- Receivables within one year +€49,637
up €49,637 (+14.2%), from €350,399 to €400,035
of which Other amounts receivable: +€32,158
- Tangible fixed assets -€45,582
down €45,582 (-13.5%), from €337,089 to €291,506
of which Furniture and vehicles: -€29,454
- Debts after one year -€31,114
down €31,114 (-20.6%), from €151,307 to €120,193
- Tax, wage and social debts +€21,109
up €21,109 (+63.5%), from €33,257 to €54,365
- Reserves +€20,000
up €20,000 (+17.1%), from €117,235 to €137,235
of which Distributable reserves: +€20,000
- Trade debts -€8,031
down €8,031 (-28.4%), from €28,245 to €20,213
- Gross operating margin -€9,288
down €9,288 (-7.9%), from €116,910 to €107,622
- Depreciation +€5,981
up €5,981 (+15.5%), from €38,701 to €44,682
- Taxes -€3,712
down €3,712 (-19.7%), from €18,830 to €15,118
- Financial charges +€2,042
up €2,042 (+14.8%), from €13,835 to €15,876
- Other operating charges +€1,871
up €1,871 (+35.2%), from €5,312 to €7,183
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,837 | €695,273 | +€4,435 | +0.6% |
| Fixed assets | 21/28 | €337,089 | €291,506 | -€45,582 | -13.5% |
| Tangible fixed assets | 22/27 | €337,089 | €291,506 | -€45,582 | -13.5% |
| Land and buildings | 22 | €225,953 | €210,798 | -€15,155 | -6.7% |
| Plant, machinery and equipment | 23 | €2,945 | €1,972 | -€973 | -33.0% |
| Furniture and vehicles | 24 | €108,190 | €78,736 | -€29,454 | -27.2% |
| Current assets | 29/58 | €353,749 | €403,767 | +€50,018 | +14.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €350,399 | €400,035 | +€49,637 | +14.2% |
| Trade receivables | 40 | €163,746 | €181,225 | +€17,479 | +10.7% |
| Other amounts receivable | 41 | €186,653 | €218,811 | +€32,158 | +17.2% |
| Deferred charges and accrued income | 490/1 | €850 | €1,231 | +€381 | +44.8% |
| Total equity and liabilities | 10/49 | €690,837 | €695,273 | +€4,435 | +0.6% |
| Equity | 10/15 | €385,490 | €410,326 | +€24,836 | +6.4% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €117,235 | €137,235 | +€20,000 | +17.1% |
| Tax-exempt reserves | 132 | €67,675 | €67,675 | = | 0.0% |
| Distributable reserves | 133 | €49,560 | €69,560 | +€20,000 | +40.4% |
| Profit (loss) carried forward | 14 | €234,655 | €239,491 | +€4,836 | +2.1% |
| Amounts payable | 17/49 | €305,348 | €284,947 | -€20,400 | -6.7% |
| Amounts payable after more than one year | 17 | €151,307 | €120,193 | -€31,114 | -20.6% |
| Financial debts | 170/4 | €151,307 | €120,193 | -€31,114 | -20.6% |
| Amounts payable within one year | 42/48 | €154,041 | €164,754 | +€10,713 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €61,019 | €54,797 | -€6,221 | -10.2% |
| Financial debts | 43 | €31,521 | €35,378 | +€3,857 | +12.2% |
| Credit institutions | 430/8 | €31,521 | €35,378 | +€3,857 | +12.2% |
| Trade debts | 44 | €28,245 | €20,213 | -€8,031 | -28.4% |
| Suppliers | 440/4 | €28,245 | €20,213 | -€8,031 | -28.4% |
| Taxes, remuneration and social security | 45 | €33,257 | €54,365 | +€21,109 | +63.5% |
| Taxes | 450/3 | €33,257 | €54,365 | +€21,109 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,701 | €44,682 | +€5,981 | +15.5% |
| Other operating charges | 640/8 | €5,312 | €7,183 | +€1,871 | +35.2% |
| Gross operating margin | 9900 | €116,910 | €107,622 | -€9,288 | -7.9% |
| Operating profit (loss) | 9901 | €72,897 | €55,756 | -€17,140 | -23.5% |
| Financial income | 75/76B | €81 | €74 | -€7 | -8.1% |
| Recurring financial income | 75 | €81 | €74 | -€7 | -8.1% |
| Financial charges | 65/66B | €13,835 | €15,876 | +€2,042 | +14.8% |
| Recurring financial charges | 65 | €13,835 | €15,876 | +€2,042 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €59,142 | €39,954 | -€19,188 | -32.4% |
| Income taxes | 67/77 | €18,830 | €15,118 | -€3,712 | -19.7% |
| Profit (loss) for the period | 9904 | €40,312 | €24,836 | -€15,477 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,312 | €24,836 | -€15,477 | -38.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.