ANG - SYSTEMS: 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 - SYSTEMS
Largest movements
- Receivables within one year -€241,844
down €241,844 (-46.5%), from €520,022 to €278,178
- Cash -€123,964
down €123,964 (-30.0%), from €412,657 to €288,693
mainly Trade debts (-€186,698) and Contributions, distributions and other (-€170,000)
- Tangible fixed assets +€121,831
up €121,831 (+564.9%), from €21,565 to €143,396
of which Furniture and vehicles: +€98,841
- Stocks and contracts +€12,858
up €12,858 (+5.8%), from €222,235 to €235,093
- Trade debts -€186,698
down €186,698 (-42.8%), from €436,480 to €249,782
- Tax, wage and social debts -€82,922
down €82,922 (-53.5%), from €154,957 to €72,035
of which Taxes: -€75,927
- Profit (loss) carried forward +€69,715
up €69,715 (+34.0%), from €205,246 to €274,961
- Other debts -€30,000
down €30,000 (-15.0%), from €200,000 to €170,000
- Gross operating margin +€24,776
up €24,776 (+4.8%), from €513,643 to €538,419
- Staff costs -€12,791
down €12,791 (-6.2%), from €207,398 to €194,607
- Taxes +€5,980
up €5,980 (+7.2%), from €82,670 to €88,650
- Depreciation -€5,891
down €5,891 (-30.3%), from €19,428 to €13,537
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.
Cash bridge derived
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 | €1,247,724 | €1,017,778 | -€229,946 | -18.4% |
| Fixed assets | 21/28 | €22,020 | €143,851 | +€121,831 | +553.3% |
| Tangible fixed assets | 22/27 | €21,565 | €143,396 | +€121,831 | +564.9% |
| Land and buildings | 22 | €8,917 | €21,886 | +€12,969 | +145.4% |
| Plant, machinery and equipment | 23 | €4,053 | €14,074 | +€10,021 | +247.2% |
| Furniture and vehicles | 24 | €8,595 | €107,436 | +€98,841 | +1150.0% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €1,225,704 | €873,927 | -€351,777 | -28.7% |
| Stocks and contracts in progress | 3 | €222,235 | €235,093 | +€12,858 | +5.8% |
| Stocks | 30/36 | €222,235 | €235,093 | +€12,858 | +5.8% |
| Amounts receivable within one year | 40/41 | €520,022 | €278,178 | -€241,844 | -46.5% |
| Trade receivables | 40 | €520,022 | €278,178 | -€241,844 | -46.5% |
| Current investments | 50/53 | €60,000 | €61,079 | +€1,079 | +1.8% |
| Cash at bank and in hand | 54/58 | €412,657 | €288,693 | -€123,964 | -30.0% |
| Deferred charges and accrued income | 490/1 | €10,790 | €10,884 | +€94 | +0.9% |
| Total equity and liabilities | 10/49 | €1,247,724 | €1,017,778 | -€229,946 | -18.4% |
| Equity | 10/15 | €333,446 | €403,161 | +€69,715 | +20.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,200 | €66,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,246 | €274,961 | +€69,715 | +34.0% |
| Provisions and deferred taxes | 16 | €122,800 | €122,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €122,800 | €122,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €122,800 | €122,800 | = | 0.0% |
| Amounts payable | 17/49 | €791,478 | €491,817 | -€299,661 | -37.9% |
| Amounts payable within one year | 42/48 | €791,437 | €491,817 | -€299,620 | -37.9% |
| Trade debts | 44 | €436,480 | €249,782 | -€186,698 | -42.8% |
| Suppliers | 440/4 | €436,480 | €249,782 | -€186,698 | -42.8% |
| Taxes, remuneration and social security | 45 | €154,957 | €72,035 | -€82,922 | -53.5% |
| Taxes | 450/3 | €122,799 | €46,872 | -€75,927 | -61.8% |
| Remuneration and social security | 454/9 | €32,158 | €25,163 | -€6,995 | -21.8% |
| Other amounts payable | 47/48 | €200,000 | €170,000 | -€30,000 | -15.0% |
| Accrued charges and deferred income | 492/3 | €41 | - | -€41 | |
| Remuneration, social security and pensions | 62 | €207,398 | €194,607 | -€12,791 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,428 | €13,537 | -€5,891 | -30.3% |
| Other operating charges | 640/8 | €1,998 | €1,999 | +€1 | +0.1% |
| Gross operating margin | 9900 | €513,643 | €538,419 | +€24,776 | +4.8% |
| Operating profit (loss) | 9901 | €284,819 | €328,276 | +€43,457 | +15.3% |
| Financial income | 75/76B | €65 | €697 | +€632 | +972.3% |
| Recurring financial income | 75 | €65 | €697 | +€632 | +972.3% |
| Financial charges | 65/66B | €244 | €608 | +€364 | +149.2% |
| Recurring financial charges | 65 | €244 | €608 | +€364 | +149.2% |
| Profit (loss) for the period before taxes | 9903 | €284,640 | €328,365 | +€43,725 | +15.4% |
| Income taxes | 67/77 | €82,670 | €88,650 | +€5,980 | +7.2% |
| Profit (loss) for the period | 9904 | €201,970 | €239,715 | +€37,745 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,970 | €239,715 | +€37,745 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.