ANG GROUP: 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.
ANG GROUP
Largest movements
- Receivables within one year +€185,951
up €185,951 (+75.1%), from €247,550 to €433,501
of which Trade receivables: +€171,042
- Tangible fixed assets +€54,493
up €54,493 (+227%), from €23,980 to €78,473
of which Furniture and vehicles: +€57,332
- Cash +€52,420
up €52,420 (+148%), from €35,520 to €87,940
mainly Debts after one year (+€175,822) and Tax, wage and social debts (+€45,200)
- Debts after one year +€175,822
new in 2025: €175,822
- Tax, wage and social debts +€45,200
up €45,200 (+1,381%), from €3,273 to €48,473
of which Remuneration and social security: +€39,568
- Trade debts +€36,123
up €36,123 (+31.8%), from €113,591 to €149,714
- Current portion of long-term debt +€21,391
new in 2025: €21,391
- Profit (loss) carried forward +€12,426
up €12,426 (+7.2%), from €172,154 to €184,580
- Gross operating margin +€24,198
up €24,198 (+33.4%), from €72,446 to €96,644
- Staff costs +€19,494
up €19,494 (+79.7%), from €24,460 to €43,954
- Depreciation +€13,419
up €13,419 (+164%), from €8,193 to €21,612
- Financial charges +€6,976
up €6,976 (+353%), from €1,976 to €8,952
- Other operating charges -€3,725
down €3,725 (-73.4%), from €5,072 to €1,347
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 | €309,478 | €600,440 | +€290,962 | +94.0% |
| Fixed assets | 21/28 | €23,980 | €78,473 | +€54,493 | +227% |
| Tangible fixed assets | 22/27 | €23,980 | €78,473 | +€54,493 | +227% |
| Plant, machinery and equipment | 23 | €5,380 | €2,541 | -€2,839 | -52.8% |
| Furniture and vehicles | 24 | €18,600 | €75,932 | +€57,332 | +308% |
| Current assets | 29/58 | €285,498 | €521,967 | +€236,469 | +82.8% |
| Amounts receivable within one year | 40/41 | €247,550 | €433,501 | +€185,951 | +75.1% |
| Trade receivables | 40 | €195,093 | €366,135 | +€171,042 | +87.7% |
| Other amounts receivable | 41 | €52,457 | €67,366 | +€14,909 | +28.4% |
| Cash at bank and in hand | 54/58 | €35,520 | €87,940 | +€52,420 | +148% |
| Deferred charges and accrued income | 490/1 | €2,428 | €526 | -€1,902 | -78.3% |
| Total equity and liabilities | 10/49 | €309,478 | €600,440 | +€290,962 | +94.0% |
| Equity | 10/15 | €192,614 | €205,040 | +€12,426 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,154 | €184,580 | +€12,426 | +7.2% |
| Amounts payable | 17/49 | €116,864 | €395,400 | +€278,536 | +238% |
| Amounts payable after more than one year | 17 | - | €175,822 | +€175,822 | |
| Financial debts | 170/4 | - | €175,822 | +€175,822 | |
| Amounts payable within one year | 42/48 | €116,864 | €219,578 | +€102,714 | +87.9% |
| Current portion of amounts payable after more than one year | 42 | - | €21,391 | +€21,391 | |
| Trade debts | 44 | €113,591 | €149,714 | +€36,123 | +31.8% |
| Suppliers | 440/4 | €113,591 | €149,714 | +€36,123 | +31.8% |
| Taxes, remuneration and social security | 45 | €3,273 | €48,473 | +€45,200 | +1,381% |
| Taxes | 450/3 | €251 | €5,883 | +€5,632 | +2,246% |
| Remuneration and social security | 454/9 | €3,022 | €42,590 | +€39,568 | +1,309% |
| Remuneration, social security and pensions | 62 | €24,460 | €43,954 | +€19,494 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,193 | €21,612 | +€13,419 | +164% |
| Other operating charges | 640/8 | €5,072 | €1,347 | -€3,725 | -73.4% |
| Gross operating margin | 9900 | €72,446 | €96,644 | +€24,198 | +33.4% |
| Operating profit (loss) | 9901 | €34,720 | €29,731 | -€4,989 | -14.4% |
| Financial income | 75/76B | €2,092 | €3,593 | +€1,501 | +71.7% |
| Recurring financial income | 75 | €2,092 | €3,593 | +€1,501 | +71.7% |
| Financial charges | 65/66B | €1,976 | €8,952 | +€6,976 | +353% |
| Recurring financial charges | 65 | €1,976 | €8,952 | +€6,976 | +353% |
| Profit (loss) for the period before taxes | 9903 | €34,836 | €24,372 | -€10,464 | -30.0% |
| Income taxes | 67/77 | €10,977 | €11,946 | +€969 | +8.8% |
| Profit (loss) for the period | 9904 | €23,859 | €12,426 | -€11,433 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,859 | €12,426 | -€11,433 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.