ALGORO: 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.
ALGORO
Largest movements
- Cash -€17,638
down €17,638 (-20.5%), from €86,151 to €68,512
mainly Other debts (-€24,016) and Current investments (-€14,412)
- Current investments +€14,412
up €14,412 (+2.8%), from €511,303 to €525,715
- Receivables within one year -€9,074
down €9,074 (-82.9%), from €10,945 to €1,871
of which Trade receivables: -€8,618
- Other debts -€24,016
down €24,016 (-7.7%), from €310,467 to €286,451
- Gross operating margin -€44,931
down €44,931 (-93.9%), from €47,857 to €2,927
- Financial charges -€12,226
down €12,226 (-53.0%), from €23,055 to €10,829
- Financial income +€4,032
up €4,032 (+27.0%), from €14,933 to €18,966
- Taxes -€3,698
down €3,698 (-52.9%), from €6,993 to €3,295
- Depreciation +€503
up €503 (+12.8%), from €3,926 to €4,428
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,893 | €605,184 | -€14,708 | -2.4% |
| Fixed assets | 21/28 | €11,494 | €7,906 | -€3,588 | -31.2% |
| Tangible fixed assets | 22/27 | €11,494 | €7,906 | -€3,588 | -31.2% |
| Furniture and vehicles | 24 | €7,668 | €5,036 | -€2,632 | -34.3% |
| Other tangible fixed assets | 26 | €3,826 | €2,869 | -€956 | -25.0% |
| Current assets | 29/58 | €608,399 | €597,279 | -€11,120 | -1.8% |
| Amounts receivable within one year | 40/41 | €10,945 | €1,871 | -€9,074 | -82.9% |
| Trade receivables | 40 | €9,899 | €1,281 | -€8,618 | -87.1% |
| Other amounts receivable | 41 | €1,046 | €590 | -€456 | -43.6% |
| Current investments | 50/53 | €511,303 | €525,715 | +€14,412 | +2.8% |
| Cash at bank and in hand | 54/58 | €86,151 | €68,512 | -€17,638 | -20.5% |
| Deferred charges and accrued income | 490/1 | - | €1,180 | +€1,180 | |
| Total equity and liabilities | 10/49 | €619,893 | €605,184 | -€14,708 | -2.4% |
| Equity | 10/15 | €308,054 | €310,427 | +€2,373 | +0.8% |
| Contributions | 10/11 | €223,600 | €223,600 | = | 0.0% |
| Reserves | 13 | €84,454 | €86,827 | +€2,373 | +2.8% |
| Distributable reserves | 133 | €84,454 | €86,827 | +€2,373 | +2.8% |
| Amounts payable | 17/49 | €311,839 | €294,758 | -€17,081 | -5.5% |
| Amounts payable within one year | 42/48 | €311,839 | €294,758 | -€17,081 | -5.5% |
| Trade debts | 44 | €771 | €4,618 | +€3,847 | +499% |
| Suppliers | 440/4 | €771 | €4,618 | +€3,847 | +499% |
| Taxes, remuneration and social security | 45 | €601 | €3,689 | +€3,088 | +514% |
| Taxes | 450/3 | €601 | €3,689 | +€3,088 | +514% |
| Other amounts payable | 47/48 | €310,467 | €286,451 | -€24,016 | -7.7% |
| Non-recurring operating income | 76A | €8,181 | - | -€8,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €4,428 | +€503 | +12.8% |
| Other operating charges | 640/8 | €502 | €968 | +€466 | +92.9% |
| Gross operating margin | 9900 | €47,857 | €2,927 | -€44,931 | -93.9% |
| Operating profit (loss) | 9901 | €43,430 | -€2,469 | -€45,900 | |
| Financial income | 75/76B | €14,933 | €18,966 | +€4,032 | +27.0% |
| Recurring financial income | 75 | €14,933 | €18,966 | +€4,032 | +27.0% |
| Financial charges | 65/66B | €23,055 | €10,829 | -€12,226 | -53.0% |
| Recurring financial charges | 65 | €23,055 | €10,829 | -€12,226 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €35,309 | €5,667 | -€29,641 | -83.9% |
| Income taxes | 67/77 | €6,993 | €3,295 | -€3,698 | -52.9% |
| Profit (loss) for the period | 9904 | €28,316 | €2,373 | -€25,943 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,316 | €2,373 | -€25,943 | -91.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.