SAMUEL ALGOET: 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.
SAMUEL ALGOET
Largest movements
- Receivables after one year +€25,332
up €25,332 (+124%), from €20,400 to €45,732
- Receivables within one year +€12,235
up €12,235 (+42.2%), from €29,012 to €41,246
of which Trade receivables: +€20,860
- Profit (loss) carried forward +€35,761
up €35,761 (+27,581%), from €130 to €35,891
- Trade debts +€8,176
up €8,176 (+155%), from €5,264 to €13,440
- Tax, wage and social debts -€6,820
down €6,820 (-74.2%), from €9,194 to €2,373
- Advances received +€1,604
new in 2025: €1,604
- Gross operating margin -€4,691
down €4,691 (-7.8%), from €60,521 to €55,831
- Taxes -€4,636
down €4,636 (-25.4%), from €18,254 to €13,618
- Depreciation +€1,020
up €1,020 (+26.6%), from €3,831 to €4,851
- Financial income +€932
up €932 (+233%), from €401 to €1,333
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 | €97,638 | €135,985 | +€38,347 | +39.3% |
| Fixed assets | 21/28 | €10,889 | €11,154 | +€265 | +2.4% |
| Tangible fixed assets | 22/27 | €10,889 | €11,154 | +€265 | +2.4% |
| Land and buildings | 22 | €3,880 | €6,307 | +€2,427 | +62.5% |
| Furniture and vehicles | 24 | €7,009 | €4,847 | -€2,162 | -30.8% |
| Current assets | 29/58 | €86,749 | €124,831 | +€38,082 | +43.9% |
| Amounts receivable after more than one year | 29 | €20,400 | €45,732 | +€25,332 | +124% |
| Trade receivables | 290 | €20,400 | €45,732 | +€25,332 | +124% |
| Amounts receivable within one year | 40/41 | €29,012 | €41,246 | +€12,235 | +42.2% |
| Trade receivables | 40 | €16,827 | €37,687 | +€20,860 | +124% |
| Other amounts receivable | 41 | €12,185 | €3,559 | -€8,626 | -70.8% |
| Cash at bank and in hand | 54/58 | €34,841 | €35,941 | +€1,099 | +3.2% |
| Deferred charges and accrued income | 490/1 | €2,496 | €1,912 | -€584 | -23.4% |
| Total equity and liabilities | 10/49 | €97,638 | €135,985 | +€38,347 | +39.3% |
| Equity | 10/15 | €81,046 | €116,807 | +€35,761 | +44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,317 | €62,317 | = | 0.0% |
| Distributable reserves | 133 | €62,317 | €62,317 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130 | €35,891 | +€35,761 | +27,581% |
| Amounts payable | 17/49 | €16,592 | €19,178 | +€2,586 | +15.6% |
| Amounts payable within one year | 42/48 | €16,592 | €18,598 | +€2,006 | +12.1% |
| Trade debts | 44 | €5,264 | €13,440 | +€8,176 | +155% |
| Suppliers | 440/4 | €5,264 | €13,440 | +€8,176 | +155% |
| Advances received on contracts in progress | 46 | - | €1,604 | +€1,604 | |
| Taxes, remuneration and social security | 45 | €9,194 | €2,373 | -€6,820 | -74.2% |
| Taxes | 450/3 | €9,194 | €2,373 | -€6,820 | -74.2% |
| Other amounts payable | 47/48 | €2,134 | €1,181 | -€953 | -44.6% |
| Accrued charges and deferred income | 492/3 | - | €580 | +€580 | |
| Non-recurring operating income | 76A | €2,032 | - | -€2,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,831 | €4,851 | +€1,020 | +26.6% |
| Other operating charges | 640/8 | €1,680 | €2,031 | +€350 | +20.9% |
| Non-recurring operating charges | 66A | €67 | - | -€67 | |
| Gross operating margin | 9900 | €60,521 | €55,831 | -€4,691 | -7.8% |
| Operating profit (loss) | 9901 | €54,943 | €48,949 | -€5,994 | -10.9% |
| Financial income | 75/76B | €401 | €1,333 | +€932 | +233% |
| Recurring financial income | 75 | €401 | €1,333 | +€932 | +233% |
| Financial charges | 65/66B | €715 | €903 | +€188 | +26.3% |
| Recurring financial charges | 65 | €715 | €903 | +€188 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €54,628 | €49,379 | -€5,249 | -9.6% |
| Income taxes | 67/77 | €18,254 | €13,618 | -€4,636 | -25.4% |
| Profit (loss) for the period | 9904 | €36,374 | €35,761 | -€613 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,374 | €35,761 | -€613 | -1.7% |
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 24 October 2026 via checked.be.