ALEGRO: 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.
ALEGRO
Largest movements
- Tangible fixed assets -€235,063
down €235,063 (-55.0%), from €427,416 to €192,353
- Current investments +€26,003
new in 2025: €26,003
- Debts after one year -€129,230
no longer reported in 2025 (was €129,230)
- Profit (loss) carried forward +€126,126
up €126,126, from -€63,463 to €62,663
- Reserves -€106,702
down €106,702 (-78.4%), from €136,166 to €29,465
of which Tax-exempt reserves: -€106,702
- Other debts -€60,014
down €60,014 (-79.3%), from €75,707 to €15,693
- Provisions -€44,820
down €44,820 (-92.0%), from €48,710 to €3,890
- Depreciation -€14,560
down €14,560 (-80.4%), from €18,108 to €3,548
- Gross operating margin -€12,246
down €12,246, from €9,952 to -€2,295
- Taxes +€12,112
new in 2025: €12,112
- Other operating charges +€3,097
up €3,097 (+173%), from €1,793 to €4,889
- Financial charges +€633
up €633 (+33.0%), from €1,919 to €2,552
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 | €428,269 | €221,739 | -€206,531 | -48.2% |
| Fixed assets | 21/28 | €427,416 | €192,353 | -€235,063 | -55.0% |
| Tangible fixed assets | 22/27 | €427,416 | €192,353 | -€235,063 | -55.0% |
| Land and buildings | 22 | €427,416 | €192,353 | -€235,063 | -55.0% |
| Current assets | 29/58 | €853 | €29,386 | +€28,532 | +3,344% |
| Current investments | 50/53 | - | €26,003 | +€26,003 | |
| Cash at bank and in hand | 54/58 | €853 | €3,383 | +€2,530 | +296% |
| Total equity and liabilities | 10/49 | €428,269 | €221,739 | -€206,531 | -48.2% |
| Equity | 10/15 | €163,563 | €182,987 | +€19,424 | +11.9% |
| Contributions | 10/11 | €90,860 | €90,860 | = | 0.0% |
| Capital | 10 | €90,860 | €90,860 | = | 0.0% |
| Issued capital | 100 | €90,860 | €90,860 | = | 0.0% |
| Reserves | 13 | €136,166 | €29,465 | -€106,702 | -78.4% |
| Non-distributable reserves | 130/1 | €20,203 | €20,203 | = | 0.0% |
| Legal reserve | 130 | €20,203 | €20,203 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,963 | €9,261 | -€106,702 | -92.0% |
| Profit (loss) carried forward | 14 | -€63,463 | €62,663 | +€126,126 | |
| Provisions and deferred taxes | 16 | €48,710 | €3,890 | -€44,820 | -92.0% |
| Deferred taxes | 168 | €48,710 | €3,890 | -€44,820 | -92.0% |
| Amounts payable | 17/49 | €215,996 | €34,861 | -€181,135 | -83.9% |
| Amounts payable after more than one year | 17 | €129,230 | - | -€129,230 | |
| Financial debts | 170/4 | €129,230 | - | -€129,230 | |
| Amounts payable within one year | 42/48 | €83,676 | €27,835 | -€55,840 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €7,387 | - | -€7,387 | |
| Trade debts | 44 | €582 | - | -€582 | |
| Suppliers | 440/4 | €582 | - | -€582 | |
| Advances received on contracts in progress | 46 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | - | €12,112 | +€12,112 | |
| Taxes | 450/3 | - | €12,112 | +€12,112 | |
| Other amounts payable | 47/48 | €75,707 | €15,693 | -€60,014 | -79.3% |
| Accrued charges and deferred income | 492/3 | €3,090 | €7,026 | +€3,936 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,108 | €3,548 | -€14,560 | -80.4% |
| Other operating charges | 640/8 | €1,793 | €4,889 | +€3,097 | +173% |
| Gross operating margin | 9900 | €9,952 | -€2,295 | -€12,246 | |
| Operating profit (loss) | 9901 | -€9,949 | -€10,732 | -€782 | -7.9% |
| Financial charges | 65/66B | €1,919 | €2,552 | +€633 | +33.0% |
| Recurring financial charges | 65 | €1,919 | €2,552 | +€633 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,868 | -€13,284 | -€1,416 | -11.9% |
| Transfer from deferred taxes | 780 | €3,223 | €44,820 | +€41,597 | +1,290% |
| Income taxes | 67/77 | - | €12,112 | +€12,112 | |
| Profit (loss) for the period | 9904 | -€8,645 | €19,424 | +€28,069 | |
| Transfer from tax-exempt reserves | 789 | €7,674 | €106,702 | +€99,028 | +1,290% |
| Profit (loss) for the period to be appropriated | 9905 | -€971 | €126,126 | +€127,097 |
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 16 October 2026 via checked.be.