ALGORA: what changed
ALGORA
Largest movements
- Financial fixed assets -€602,590
down €602,590 (-4.8%), from €12.6m to €12.0m
- Profit (loss) carried forward -€605,439
down €605,439 (-9.9%), from -€6.1m to -€6.7m
- Financial income -€1.0m
down €1.0m (-98.1%), from €1.1m to €20,000
of which Non-recurring financial income: -€1.0m
- Financial charges +€622,412
up €622,412 (+353,061%), from €176 to €622,588
of which Non-recurring financial charges: +€622,588
- Gross operating margin +€6,839
up €6,839 (+70.6%), from -€9,690 to -€2,851
- Other operating charges -€968
down €968 (-100%), from €968 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,566,985 | €11,964,395 | -€602,590 | -4.8% |
| Fixed assets | 21/28 | €12,565,985 | €11,963,395 | -€602,590 | -4.8% |
| Financial fixed assets | 28 | €12,565,985 | €11,963,395 | -€602,590 | -4.8% |
| Current assets | 29/58 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,566,985 | €11,964,395 | -€602,590 | -4.8% |
| Equity | 10/15 | €2,865,541 | €2,260,102 | -€605,439 | -21.1% |
| Contributions | 10/11 | €9,000,000 | €9,000,000 | = | 0.0% |
| Capital | 10 | €9,000,000 | €9,000,000 | = | 0.0% |
| Issued capital | 100 | €9,000,000 | €9,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,134,459 | -€6,739,898 | -€605,439 | -9.9% |
| Amounts payable | 17/49 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Amounts payable within one year | 42/48 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Other amounts payable | 47/48 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Other operating charges | 640/8 | €968 | €0 | -€968 | -100% |
| Gross operating margin | 9900 | -€9,690 | -€2,851 | +€6,839 | +70.6% |
| Operating profit (loss) | 9901 | -€10,658 | -€2,851 | +€7,807 | +73.2% |
| Financial income | 75/76B | €1,059,541 | €20,000 | -€1.0m | -98.1% |
| Recurring financial income | 75 | €0 | €20,000 | +€20,000 | |
| Non-recurring financial income | 76B | €1,059,541 | €20,000 | -€1.0m | -98.1% |
| Financial charges | 65/66B | €176 | €622,588 | +€622,412 | +353,061% |
| Recurring financial charges | 65 | €176 | €0 | -€176 | -100% |
| Non-recurring financial charges | 66B | - | €622,588 | +€622,588 | |
| Profit (loss) for the period before taxes | 9903 | €1,048,707 | -€605,439 | -€1.7m | |
| Profit (loss) for the period | 9904 | €1,048,707 | -€605,439 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,048,707 | -€605,439 | -€1.7m |
Next steps
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 2 November 2026 via checked.be.