ANGE-OU-DEMON: 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.
ANGE-OU-DEMON
Largest movements
- Tangible fixed assets -€16,882
down €16,882 (-17.1%), from €98,454 to €81,573
of which Plant, machinery and equipment: -€8,530
- Cash -€6,725
down €6,725 (-64.0%), from €10,505 to €3,780
mainly Net result for the year (-€62,061) and Debts after one year (-€16,063)
- Receivables within one year -€5,096
down €5,096 (-100%), from €5,096 to €0
of which Trade receivables: -€5,070
- Stocks and contracts +€4,754
up €4,754 (+4.5%), from €105,056 to €109,810
- Intangible fixed assets -€3,155
down €3,155 (-23.7%), from €13,284 to €10,129
- Profit (loss) carried forward -€62,061
down €62,061 (-104%), from -€59,740 to -€121,800
- Other debts +€28,362
up €28,362 (+23.8%), from €119,345 to €147,707
- Debts after one year -€16,063
down €16,063 (-29.8%), from €53,953 to €37,890
- Trade debts +€11,491
up €11,491 (+11.5%), from €100,072 to €111,564
- Tax, wage and social debts +€7,869
up €7,869 (+154%), from €5,113 to €12,981
of which Taxes: +€8,279
- Depreciation +€4,104
up €4,104 (+25.8%), from €15,933 to €20,036
- Gross operating margin +€4,009
up €4,009 (+18.4%), from -€21,806 to -€17,797
- Financial charges +€2,484
up €2,484 (+37.4%), from €6,638 to €9,123
- Staff costs -€996
down €996 (-6.7%), from €14,971 to €13,974
- Other operating charges +€679
up €679 (+173%), from €391 to €1,070
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 | €244,404 | €215,645 | -€28,759 | -11.8% |
| Fixed assets | 21/28 | €116,238 | €96,202 | -€20,036 | -17.2% |
| Intangible fixed assets | 21 | €13,284 | €10,129 | -€3,155 | -23.7% |
| Tangible fixed assets | 22/27 | €98,454 | €81,573 | -€16,882 | -17.1% |
| Plant, machinery and equipment | 23 | €24,738 | €16,208 | -€8,530 | -34.5% |
| Furniture and vehicles | 24 | €933 | €505 | -€428 | -45.8% |
| Other tangible fixed assets | 26 | €72,783 | €64,859 | -€7,923 | -10.9% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €128,167 | €119,443 | -€8,723 | -6.8% |
| Stocks and contracts in progress | 3 | €105,056 | €109,810 | +€4,754 | +4.5% |
| Stocks | 30/36 | €105,056 | €109,810 | +€4,754 | +4.5% |
| Amounts receivable within one year | 40/41 | €5,096 | €0 | -€5,096 | -100% |
| Trade receivables | 40 | €5,070 | €0 | -€5,070 | -100% |
| Other amounts receivable | 41 | €26 | €0 | -€26 | -100% |
| Cash at bank and in hand | 54/58 | €10,505 | €3,780 | -€6,725 | -64.0% |
| Deferred charges and accrued income | 490/1 | €7,510 | €5,854 | -€1,656 | -22.1% |
| Total equity and liabilities | 10/49 | €244,404 | €215,645 | -€28,759 | -11.8% |
| Equity | 10/15 | -€54,740 | -€116,800 | -€62,061 | -113% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,740 | -€121,800 | -€62,061 | -104% |
| Amounts payable | 17/49 | €299,144 | €332,445 | +€33,301 | +11.1% |
| Amounts payable after more than one year | 17 | €53,953 | €37,890 | -€16,063 | -29.8% |
| Financial debts | 170/4 | €53,953 | €37,890 | -€16,063 | -29.8% |
| Amounts payable within one year | 42/48 | €241,696 | €293,663 | +€51,968 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €17,166 | €19,672 | +€2,506 | +14.6% |
| Financial debts | 43 | - | €1,740 | +€1,740 | |
| Credit institutions | 430/8 | - | €1,740 | +€1,740 | |
| Trade debts | 44 | €100,072 | €111,564 | +€11,491 | +11.5% |
| Suppliers | 440/4 | €100,072 | €111,564 | +€11,491 | +11.5% |
| Taxes, remuneration and social security | 45 | €5,113 | €12,981 | +€7,869 | +154% |
| Taxes | 450/3 | €3,861 | €12,140 | +€8,279 | +214% |
| Remuneration and social security | 454/9 | €1,252 | €842 | -€410 | -32.8% |
| Other amounts payable | 47/48 | €119,345 | €147,707 | +€28,362 | +23.8% |
| Accrued charges and deferred income | 492/3 | €3,495 | €892 | -€2,603 | -74.5% |
| Remuneration, social security and pensions | 62 | €14,971 | €13,974 | -€996 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,933 | €20,036 | +€4,104 | +25.8% |
| Other operating charges | 640/8 | €391 | €1,070 | +€679 | +173% |
| Gross operating margin | 9900 | -€21,806 | -€17,797 | +€4,009 | +18.4% |
| Operating profit (loss) | 9901 | -€53,101 | -€52,877 | +€223 | +0.4% |
| Financial income | 75/76B | €2 | €1 | -€2 | -76.1% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -76.1% |
| Financial charges | 65/66B | €6,638 | €9,123 | +€2,484 | +37.4% |
| Recurring financial charges | 65 | €6,638 | €9,123 | +€2,484 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€59,737 | -€62,000 | -€2,263 | -3.8% |
| Income taxes | 67/77 | €2 | €61 | +€59 | +2,462% |
| Profit (loss) for the period | 9904 | -€59,740 | -€62,061 | -€2,321 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,740 | -€62,061 | -€2,321 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.