ALGIMO: what changed
What changed
ALGIMO
NACE 96.999, Other personal services
filed annual accounts (NBB)
Net result for the year
€27.5m
2024 · €29.3m-€1.9m
Equity
€211.5m
2024 · €184.0m+€27.5m
Cash
€2.0m
2024 · €241,637+€1.8m
Balance sheet total
€214.3m
2024 · €186.3m+€28.0m
Largest movements
Assets
- Financial fixed assets +€20.3m
up €20.3m (+15.0%), from €135.2m to €155.5m
of which Companies linked by participating interests: +€15.4m
- Current investments +€5.1m
up €5.1m (+14.4%), from €35.3m to €40.4m
Equity and liabilities
- Profit (loss) carried forward +€27.5m
up €27.5m (+24.0%), from €114.5m to €141.9m
Income statement
- Financial charges +€1.0m
up €1.0m (+852%), from €122,052 to €1.2m
of which Financial charges: +€565,743
- Financial income -€701,452
down €701,452 (-2.4%), from €29.4m to €28.7m
of which Financial income: -€10.6m
- Services and other goods +€276,335
up €276,335 (+31.9%), from €866,461 to €1.1m
- Turnover +€159,690
up €159,690 (+8.9%), from €1.8m to €2.0m
- Other operating charges +€22,898
up €22,898 (+33.6%), from €68,251 to €91,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29.3m
Turnover
+€159,690
Other operating income
-€2,604
Services and other goods
-€276,335
Staff costs
+€1,436
Depreciation
-€479
Other operating charges
-€22,898
Financial income
-€701,452
Financial charges
-€1.0m
Result 2025
€27.5m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27.1m
Investment
-€25.4m
Financing
€0
Cash 2024
€241,637
From operations (derived)
+€27.1m
Net result for the year
+€27.5m
Depreciation
+€628
Receivables after one year
-€287,145
Stocks and contracts
-€132,000
Receivables within one year
-€512,749
Smaller working-capital items
+€40,956
Other debts
+€536,252
Investment (derived)
-€25.4m
Investment in fixed assets (net)
-€20.3m
Current investments
-€5.1m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,282,551 | €214,328,750 | +€28.0m | +15.1% |
| Fixed assets | 21/28 | €136,053,853 | €156,341,065 | +€20.3m | +14.9% |
| Tangible fixed assets | 22/27 | €820,967 | €820,340 | -€628 | -0.1% |
| Land and buildings | 22 | €488,777 | €488,777 | = | 0.0% |
| Furniture and vehicles | 24 | €2,990 | €2,363 | -€628 | -21.0% |
| Other tangible fixed assets | 26 | €329,200 | €329,200 | = | 0.0% |
| Financial fixed assets | 28 | €135,232,886 | €155,520,726 | +€20.3m | +15.0% |
| Affiliated companies | 280/1 | €117,531,145 | €117,531,145 | = | 0.0% |
| Participating interests | 280 | €117,531,145 | €117,531,145 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €350,400 | €15,740,864 | +€15.4m | +4,392% |
| Participating interests | 282 | €350,400 | €15,740,864 | +€15.4m | +4,392% |
| Other financial fixed assets | 284/8 | €17,351,341 | €22,248,716 | +€4.9m | +28.2% |
| Shares | 284 | €17,351,341 | €22,248,716 | +€4.9m | +28.2% |
| Current assets | 29/58 | €50,228,698 | €57,987,685 | +€7.8m | +15.4% |
| Amounts receivable after more than one year | 29 | €2,526,520 | €2,813,665 | +€287,145 | +11.4% |
| Other amounts receivable | 291 | €2,526,520 | €2,813,665 | +€287,145 | +11.4% |
| Stocks and contracts in progress | 3 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Stocks | 30/36 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Property held for sale | 35 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Amounts receivable within one year | 40/41 | €3,355,552 | €3,868,301 | +€512,749 | +15.3% |
| Trade receivables | 40 | €32,850 | €189,495 | +€156,645 | +477% |
| Other amounts receivable | 41 | €3,322,702 | €3,678,806 | +€356,104 | +10.7% |
| Current investments | 50/53 | €35,330,813 | €40,403,577 | +€5.1m | +14.4% |
| Other investments | 51/53 | €35,330,813 | €40,403,577 | +€5.1m | +14.4% |
| Cash at bank and in hand | 54/58 | €241,637 | €1,991,744 | +€1.8m | +724% |
| Deferred charges and accrued income | 490/1 | €84,427 | €88,648 | +€4,221 | +5.0% |
| Total equity and liabilities | 10/49 | €186,282,551 | €214,328,750 | +€28.0m | +15.1% |
| Equity | 10/15 | €184,021,802 | €211,486,572 | +€27.5m | +14.9% |
| Contributions | 10/11 | €44,006,112 | €44,006,112 | = | 0.0% |
| Capital | 10 | €44,006,112 | €44,006,112 | = | 0.0% |
| Issued capital | 100 | €44,006,112 | €44,006,112 | = | 0.0% |
| Revaluation surpluses | 12 | €20,793,612 | €20,793,612 | = | 0.0% |
| Reserves | 13 | €4,766,689 | €4,766,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,417,646 | €4,417,646 | = | 0.0% |
| Legal reserve | 130 | €4,400,700 | €4,400,700 | = | 0.0% |
| Other | 1319 | €16,946 | €16,946 | = | 0.0% |
| Distributable reserves | 133 | €349,043 | €349,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,455,389 | €141,920,159 | +€27.5m | +24.0% |
| Amounts payable | 17/49 | €2,260,749 | €2,842,178 | +€581,429 | +25.7% |
| Amounts payable after more than one year | 17 | €558 | €558 | = | 0.0% |
| Other amounts payable | 178/9 | €558 | €558 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,997,818 | €2,530,816 | +€532,998 | +26.7% |
| Trade debts | 44 | €172,064 | €206,770 | +€34,706 | +20.2% |
| Suppliers | 440/4 | €172,064 | €206,770 | +€34,706 | +20.2% |
| Taxes, remuneration and social security | 45 | €155,955 | €117,995 | -€37,960 | -24.3% |
| Taxes | 450/3 | €48,428 | €35,009 | -€13,420 | -27.7% |
| Remuneration and social security | 454/9 | €107,527 | €82,987 | -€24,540 | -22.8% |
| Other amounts payable | 47/48 | €1,669,799 | €2,206,051 | +€536,252 | +32.1% |
| Accrued charges and deferred income | 492/3 | €262,373 | €310,803 | +€48,431 | +18.5% |
| Operating income | 70/76A | €1,815,492 | €1,972,578 | +€157,086 | +8.7% |
| Turnover | 70 | €1,797,998 | €1,957,688 | +€159,690 | +8.9% |
| Other operating income | 74 | €17,494 | €14,890 | -€2,604 | -14.9% |
| Operating charges | 60/66A | €1,741,696 | €2,039,972 | +€298,276 | +17.1% |
| Purchases | 600/8 | - | €132,000 | +€132,000 | |
| Change in stocks: decrease (increase) | 609 | - | -€132,000 | -€132,000 | |
| Services and other goods | 61 | €866,461 | €1,142,796 | +€276,335 | +31.9% |
| Remuneration, social security and pensions | 62 | €806,836 | €805,400 | -€1,436 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €628 | +€479 | +323% |
| Other operating charges | 640/8 | €68,251 | €91,149 | +€22,898 | +33.6% |
| Operating profit (loss) | 9901 | €73,796 | -€67,394 | -€141,190 | |
| Financial income | 75/76B | €29,395,643 | €28,694,191 | -€701,452 | -2.4% |
| Recurring financial income | 75 | €29,395,643 | €18,762,117 | -€10.6m | -36.2% |
| Income from financial fixed assets | 750 | €22,828,946 | €17,784,490 | -€5.0m | -22.1% |
| Income from current assets | 751 | €296,760 | €974,568 | +€677,808 | +228% |
| Other financial income | 752/9 | €6,269,937 | €3,059 | -€6.3m | -100.0% |
| Non-recurring financial income | 76B | - | €9,932,074 | +€9.9m | |
| Financial charges | 65/66B | €122,052 | €1,162,027 | +€1.0m | +852% |
| Recurring financial charges | 65 | €122,052 | €687,795 | +€565,743 | +464% |
| Debt charges | 650 | €121,419 | €53,377 | -€68,042 | -56.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €600,750 | +€600,750 | |
| Other financial charges | 652/9 | €633 | €33,668 | +€33,035 | +5,215% |
| Non-recurring financial charges | 66B | - | €474,231 | +€474,231 | |
| Profit (loss) for the period before taxes | 9903 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
| Profit (loss) for the period | 9904 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.