ANG: what changed
Two fiscal 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.
ANG
Largest movements
- Receivables within one year +€761,385
up €761,385 (+31.2%), from €2.4m to €3.2m
of which Trade receivables: +€455,206
- Cash +€261,936
up €261,936 (+196.8%), from €133,067 to €395,003
- Short-term financial debts +€300,000
up €300,000 (+120.0%), from €250,000 to €550,000
- Trade debts +€287,156
up €287,156 (+40.5%), from €708,568 to €995,723
- Accrued charges and deferred income +€113,811
up €113,811 (+233.9%), from €48,665 to €162,476
- Tax, wage and social debts +€108,885
up €108,885 (+127.6%), from €85,361 to €194,246
of which Taxes: +€103,825
- Debts after one year +€85,943
new in 2024: €85,943
- Gross operating margin +€396,055
up €396,055 (+104.2%), from €380,248 to €776,303
- Staff costs +€269,943
up €269,943 (+89.2%), from €302,635 to €572,578
- Taxes +€37,044
up €37,044 (+1215.8%), from €3,047 to €40,091
- Financial income +€36,643
up €36,643 (+154.3%), from €23,744 to €60,387
- Financial charges +€35,815
up €35,815 (+293.1%), from €12,219 to €48,034
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,935,625 | €3,925,789 | +€990,163 | +33.7% |
| Fixed assets | 21/28 | €316,277 | €309,445 | -€6,832 | -2.2% |
| Intangible fixed assets | 21 | €1,597 | €5,561 | +€3,964 | +248.2% |
| Tangible fixed assets | 22/27 | €313,940 | €282,544 | -€31,396 | -10.0% |
| Land and buildings | 22 | €7,827 | €6,270 | -€1,557 | -19.9% |
| Plant, machinery and equipment | 23 | €12,514 | €108,802 | +€96,287 | +769.4% |
| Furniture and vehicles | 24 | €105,791 | €18,551 | -€87,240 | -82.5% |
| Other tangible fixed assets | 26 | €187,808 | €148,921 | -€38,887 | -20.7% |
| Financial fixed assets | 28 | €740 | €21,340 | +€20,600 | +2783.4% |
| Current assets | 29/58 | €2,619,348 | €3,616,344 | +€996,995 | +38.1% |
| Stocks and contracts in progress | 3 | €25,370 | €7,930 | -€17,440 | -68.7% |
| Stocks | 30/36 | €25,370 | €7,930 | -€17,440 | -68.7% |
| Amounts receivable within one year | 40/41 | €2,443,384 | €3,204,768 | +€761,385 | +31.2% |
| Trade receivables | 40 | €1,571,996 | €2,027,202 | +€455,206 | +29.0% |
| Other amounts receivable | 41 | €871,388 | €1,177,566 | +€306,178 | +35.1% |
| Cash at bank and in hand | 54/58 | €133,067 | €395,003 | +€261,936 | +196.8% |
| Deferred charges and accrued income | 490/1 | €17,528 | €8,643 | -€8,885 | -50.7% |
| Total equity and liabilities | 10/49 | €2,935,625 | €3,925,789 | +€990,163 | +33.7% |
| Equity | 10/15 | €1,792,073 | €1,855,909 | +€63,836 | +3.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €43,213 | €43,213 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,377 | €21,377 | = | 0.0% |
| Legal reserve | 130 | €7,883 | €7,883 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,494 | €13,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,836 | €21,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,686,887 | €1,750,722 | +€63,836 | +3.8% |
| Provisions and deferred taxes | 16 | €50,959 | €61,434 | +€10,476 | +20.6% |
| Provisions for liabilities and charges | 160/5 | €50,959 | €61,434 | +€10,476 | +20.6% |
| Environmental obligations | 163 | €50,959 | €61,434 | +€10,476 | +20.6% |
| Amounts payable | 17/49 | €1,092,593 | €2,008,445 | +€915,852 | +83.8% |
| Amounts payable after more than one year | 17 | - | €85,943 | +€85,943 | |
| Financial debts | 170/4 | - | €85,943 | +€85,943 | |
| Amounts payable within one year | 42/48 | €1,043,928 | €1,760,026 | +€716,097 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,057 | +€20,057 | |
| Financial debts | 43 | €250,000 | €550,000 | +€300,000 | +120.0% |
| Other loans | 439 | €250,000 | €550,000 | +€300,000 | +120.0% |
| Trade debts | 44 | €708,568 | €995,723 | +€287,156 | +40.5% |
| Suppliers | 440/4 | €708,568 | €995,723 | +€287,156 | +40.5% |
| Taxes, remuneration and social security | 45 | €85,361 | €194,246 | +€108,885 | +127.6% |
| Taxes | 450/3 | €55,351 | €159,176 | +€103,825 | +187.6% |
| Remuneration and social security | 454/9 | €30,009 | €35,070 | +€5,061 | +16.9% |
| Accrued charges and deferred income | 492/3 | €48,665 | €162,476 | +€113,811 | +233.9% |
| Non-recurring operating income | 76A | €18,237 | €8,773 | -€9,464 | -51.9% |
| Remuneration, social security and pensions | 62 | €302,635 | €572,578 | +€269,943 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,474 | €72,224 | -€3,250 | -4.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,053 | €10,476 | +€7,423 | +243.1% |
| Other operating charges | 640/8 | €11,869 | €7,859 | -€4,010 | -33.8% |
| Non-recurring operating charges | 66A | - | €21,592 | +€21,592 | |
| Gross operating margin | 9900 | €380,248 | €776,303 | +€396,055 | +104.2% |
| Operating profit (loss) | 9901 | -€12,782 | €91,574 | +€104,357 | |
| Financial income | 75/76B | €23,744 | €60,387 | +€36,643 | +154.3% |
| Recurring financial income | 75 | €23,744 | €60,387 | +€36,643 | +154.3% |
| Financial charges | 65/66B | €12,219 | €48,034 | +€35,815 | +293.1% |
| Recurring financial charges | 65 | €12,219 | €48,034 | +€35,815 | +293.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,258 | €103,927 | +€105,185 | |
| Income taxes | 67/77 | €3,047 | €40,091 | +€37,044 | +1215.8% |
| Profit (loss) for the period | 9904 | -€4,305 | €63,836 | +€68,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,305 | €63,836 | +€68,141 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.