About Angels & Demons: 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.
About Angels & Demons
Largest movements
- Tangible fixed assets -€1,032
down €1,032 (-54.6%), from €1,889 to €857
of which Plant, machinery and equipment: -€781
- Stocks and contracts -€531
down €531 (-11.0%), from €4,822 to €4,291
- Cash +€511
up €511 (+9.9%), from €5,177 to €5,688
mainly Net result for the year (+€6,380) and Depreciation (+€1,032)
- Profit (loss) carried forward +€6,380
up €6,380 (+16.9%), from -€37,750 to -€31,370
- Debts after one year -€4,000
down €4,000 (-47.1%), from €8,500 to €4,500
- Other debts -€3,037
down €3,037 (-8.1%), from €37,422 to €34,384
- Trade debts -€472
no longer reported in 2025 (was €472)
- Gross operating margin +€4,145
up €4,145 (+82.6%), from €5,015 to €9,159
- Financial income -€132
down €132 (-25.4%), from €518 to €386
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 | €13,079 | €11,883 | -€1,196 | -9.1% |
| Fixed assets | 21/28 | €1,889 | €857 | -€1,032 | -54.6% |
| Tangible fixed assets | 22/27 | €1,889 | €857 | -€1,032 | -54.6% |
| Plant, machinery and equipment | 23 | €1,445 | €665 | -€781 | -54.0% |
| Furniture and vehicles | 24 | €444 | €192 | -€251 | -56.7% |
| Current assets | 29/58 | €11,190 | €11,026 | -€164 | -1.5% |
| Stocks and contracts in progress | 3 | €4,822 | €4,291 | -€531 | -11.0% |
| Stocks | 30/36 | €4,822 | €4,291 | -€531 | -11.0% |
| Amounts receivable within one year | 40/41 | €1,120 | €1,047 | -€74 | -6.6% |
| Trade receivables | 40 | €183 | €722 | +€539 | +294% |
| Other amounts receivable | 41 | €937 | €325 | -€612 | -65.3% |
| Cash at bank and in hand | 54/58 | €5,177 | €5,688 | +€511 | +9.9% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €13,079 | €11,883 | -€1,196 | -9.1% |
| Equity | 10/15 | -€35,250 | -€28,870 | +€6,380 | +18.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,750 | -€31,370 | +€6,380 | +16.9% |
| Amounts payable | 17/49 | €48,328 | €40,753 | -€7,576 | -15.7% |
| Amounts payable after more than one year | 17 | €8,500 | €4,500 | -€4,000 | -47.1% |
| Financial debts | 170/4 | €8,500 | €4,500 | -€4,000 | -47.1% |
| Amounts payable within one year | 42/48 | €39,828 | €36,253 | -€3,576 | -9.0% |
| Trade debts | 44 | €472 | - | -€472 | |
| Suppliers | 440/4 | €472 | - | -€472 | |
| Taxes, remuneration and social security | 45 | €1,935 | €1,868 | -€67 | -3.4% |
| Taxes | 450/3 | €1,854 | €1,868 | +€15 | +0.8% |
| Remuneration and social security | 454/9 | €81 | - | -€81 | |
| Other amounts payable | 47/48 | €37,422 | €34,384 | -€3,037 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,032 | €1,032 | = | 0.0% |
| Other operating charges | 640/8 | €2,132 | €2,069 | -€63 | -3.0% |
| Gross operating margin | 9900 | €5,015 | €9,159 | +€4,145 | +82.6% |
| Operating profit (loss) | 9901 | €1,851 | €6,058 | +€4,208 | +227% |
| Financial income | 75/76B | €518 | €386 | -€132 | -25.4% |
| Recurring financial income | 75 | €518 | €386 | -€132 | -25.4% |
| Financial charges | 65/66B | €54 | €65 | +€11 | +19.8% |
| Recurring financial charges | 65 | €54 | €65 | +€11 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €2,315 | €6,380 | +€4,065 | +176% |
| Profit (loss) for the period | 9904 | €2,315 | €6,380 | +€4,065 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €2,315 | €6,380 | +€4,065 | +176% |
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 30 October 2026 via checked.be.