ANGARANO: 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.
ANGARANO
Largest movements
- Cash +€70,926
up €70,926 (+333.9%), from €21,243 to €92,169
mainly Net result for the year (+€33,720) and Tax, wage and social debts (+€31,708)
- Receivables within one year -€25,019
down €25,019 (-97.4%), from €25,682 to €663
of which Trade receivables: -€19,306
- Tangible fixed assets -€1,024
down €1,024 (-38.3%), from €2,676 to €1,652
of which Furniture and vehicles: -€855
- Tax, wage and social debts +€31,708
up €31,708 (+122.6%), from €25,867 to €57,575
- Other debts +€10,500
up €10,500 (+75.0%), from €14,000 to €24,500
- Trade debts +€3,671
up €3,671 (+1691.7%), from €217 to €3,888
- Profit (loss) carried forward -€1,279
down €1,279 (-39.8%), from €3,216 to €1,937
- Gross operating margin +€22,403
up €22,403 (+57.7%), from €38,838 to €61,241
- Taxes +€20,894
up €20,894 (+1450.0%), from €1,441 to €22,335
- Other operating charges -€9,106
down €9,106 (-69.4%), from €13,118 to €4,012
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 | €51,360 | €95,960 | +€44,600 | +86.8% |
| Fixed assets | 21/28 | €2,676 | €1,652 | -€1,024 | -38.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,676 | €1,652 | -€1,024 | -38.3% |
| Plant, machinery and equipment | 23 | €1,568 | €1,399 | -€169 | -10.8% |
| Furniture and vehicles | 24 | €1,108 | €253 | -€855 | -77.2% |
| Current assets | 29/58 | €48,684 | €94,308 | +€45,624 | +93.7% |
| Amounts receivable within one year | 40/41 | €25,682 | €663 | -€25,019 | -97.4% |
| Trade receivables | 40 | €19,306 | - | -€19,306 | |
| Other amounts receivable | 41 | €6,376 | €663 | -€5,713 | -89.6% |
| Cash at bank and in hand | 54/58 | €21,243 | €92,169 | +€70,926 | +333.9% |
| Deferred charges and accrued income | 490/1 | €1,759 | €1,476 | -€283 | -16.1% |
| Total equity and liabilities | 10/49 | €51,360 | €95,960 | +€44,600 | +86.8% |
| Equity | 10/15 | €11,276 | €9,997 | -€1,279 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,216 | €1,937 | -€1,279 | -39.8% |
| Amounts payable | 17/49 | €40,084 | €85,963 | +€45,879 | +114.5% |
| Amounts payable within one year | 42/48 | €40,084 | €85,963 | +€45,879 | +114.5% |
| Trade debts | 44 | €217 | €3,888 | +€3,671 | +1691.7% |
| Suppliers | 440/4 | €217 | €3,888 | +€3,671 | +1691.7% |
| Taxes, remuneration and social security | 45 | €25,867 | €57,575 | +€31,708 | +122.6% |
| Taxes | 450/3 | €25,867 | €57,575 | +€31,708 | +122.6% |
| Other amounts payable | 47/48 | €14,000 | €24,500 | +€10,500 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982 | €1,024 | +€42 | +4.3% |
| Other operating charges | 640/8 | €13,118 | €4,012 | -€9,106 | -69.4% |
| Gross operating margin | 9900 | €38,838 | €61,241 | +€22,403 | +57.7% |
| Operating profit (loss) | 9901 | €24,738 | €56,205 | +€31,467 | +127.2% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €24,603 | €56,055 | +€31,452 | +127.8% |
| Income taxes | 67/77 | €1,441 | €22,335 | +€20,894 | +1450.0% |
| Profit (loss) for the period | 9904 | €23,162 | €33,720 | +€10,558 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,162 | €33,720 | +€10,558 | +45.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.