ANG CONSTRUCT: what changed
ANG CONSTRUCT
Largest movements
- Receivables within one year +€30,320
up €30,320 (+64.2%), from €47,230 to €77,550
of which Trade receivables: +€19,985
- Tangible fixed assets +€26,607
up €26,607 (+856%), from €3,110 to €29,717
- Cash -€7,083
down €7,083 (-73.2%), from €9,679 to €2,596
mainly Investment in fixed assets (net) (-€35,368) and Receivables within one year (-€30,320)
- Debts after one year +€30,727
new in 2025: €30,727
- Trade debts +€10,356
up €10,356 (+34.7%), from €29,884 to €40,241
- Accrued charges and deferred income +€7,306
up €7,306 (+122%), from €6,000 to €13,306
- Depreciation +€6,229
up €6,229 (+246%), from €2,532 to €8,761
- Financial charges -€3,325
down €3,325 (-29.3%), from €11,346 to €8,021
- Gross operating margin +€1,971
up €1,971 (+11.6%), from €17,011 to €18,982
- Other operating charges -€329
down €329 (-18.8%), from €1,743 to €1,414
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 | €60,688 | €109,863 | +€49,175 | +81.0% |
| Fixed assets | 21/28 | €3,110 | €29,717 | +€26,607 | +856% |
| Tangible fixed assets | 22/27 | €3,110 | €29,717 | +€26,607 | +856% |
| Furniture and vehicles | 24 | €3,110 | €29,717 | +€26,607 | +856% |
| Current assets | 29/58 | €57,578 | €80,146 | +€22,568 | +39.2% |
| Amounts receivable within one year | 40/41 | €47,230 | €77,550 | +€30,320 | +64.2% |
| Trade receivables | 40 | €29,195 | €49,181 | +€19,985 | +68.5% |
| Other amounts receivable | 41 | €18,034 | €28,369 | +€10,335 | +57.3% |
| Cash at bank and in hand | 54/58 | €9,679 | €2,596 | -€7,083 | -73.2% |
| Deferred charges and accrued income | 490/1 | €669 | - | -€669 | |
| Total equity and liabilities | 10/49 | €60,688 | €109,863 | +€49,175 | +81.0% |
| Equity | 10/15 | €23,766 | €23,691 | -€75 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,766 | €18,691 | -€75 | -0.4% |
| Amounts payable | 17/49 | €36,922 | €86,172 | +€49,250 | +133% |
| Amounts payable after more than one year | 17 | - | €30,727 | +€30,727 | |
| Financial debts | 170/4 | - | €30,727 | +€30,727 | |
| Amounts payable within one year | 42/48 | €30,922 | €42,139 | +€11,217 | +36.3% |
| Trade debts | 44 | €29,884 | €40,241 | +€10,356 | +34.7% |
| Suppliers | 440/4 | €29,884 | €40,241 | +€10,356 | +34.7% |
| Taxes, remuneration and social security | 45 | €1,037 | €1,898 | +€861 | +83.0% |
| Taxes | 450/3 | €1,037 | €1,898 | +€861 | +83.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €13,306 | +€7,306 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €8,761 | +€6,229 | +246% |
| Other operating charges | 640/8 | €1,743 | €1,414 | -€329 | -18.8% |
| Gross operating margin | 9900 | €17,011 | €18,982 | +€1,971 | +11.6% |
| Operating profit (loss) | 9901 | €12,736 | €8,806 | -€3,930 | -30.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €11,346 | €8,021 | -€3,325 | -29.3% |
| Recurring financial charges | 65 | €11,346 | €8,021 | -€3,325 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €1,391 | €786 | -€605 | -43.5% |
| Income taxes | 67/77 | €1,037 | €861 | -€176 | -17.0% |
| Profit (loss) for the period | 9904 | €354 | -€75 | -€429 | |
| Profit (loss) for the period to be appropriated | 9905 | €354 | -€75 | -€429 |
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 4 November 2026 via checked.be.