AnGe4ST Consult: 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.
AnGe4ST Consult
Largest movements
- Receivables within one year -€25,762
down €25,762 (-59.3%), from €43,426 to €17,664
of which Trade receivables: -€28,789
- Cash +€25,378
up €25,378 (+41.5%), from €61,132 to €86,510
mainly Receivables within one year (+€25,762) and Other debts (+€13,067)
- Tangible fixed assets +€3,550
up €3,550 (+451%), from €787 to €4,337
of which Plant, machinery and equipment: +€2,093
- Profit (loss) carried forward -€20,318
down €20,318 (-35.9%), from €56,555 to €36,236
- Other debts +€13,067
up €13,067, from €0 to €13,067
- Reserves +€8,000
up €8,000 (+25.0%), from €32,000 to €40,000
- Tax, wage and social debts +€2,505
up €2,505 (+56.0%), from €4,472 to €6,977
of which Taxes: +€2,255
- Gross operating margin -€19,831
down €19,831 (-32.1%), from €61,816 to €41,985
- Staff costs -€6,259
down €6,259 (-100%), from €6,259 to €0
- Taxes -€2,825
down €2,825 (-63.8%), from €4,431 to €1,606
- Financial charges +€1,160
up €1,160 (+3.1%), from €36,925 to €38,085
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 | €107,196 | €110,884 | +€3,688 | +3.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €831 | €4,382 | +€3,550 | +427% |
| Tangible fixed assets | 22/27 | €787 | €4,337 | +€3,550 | +451% |
| Plant, machinery and equipment | 23 | - | €2,093 | +€2,093 | |
| Furniture and vehicles | 24 | €787 | €2,244 | +€1,457 | +185% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €106,365 | €106,502 | +€137 | +0.1% |
| Amounts receivable within one year | 40/41 | €43,426 | €17,664 | -€25,762 | -59.3% |
| Trade receivables | 40 | €37,501 | €8,712 | -€28,789 | -76.8% |
| Other amounts receivable | 41 | €5,924 | €8,952 | +€3,027 | +51.1% |
| Cash at bank and in hand | 54/58 | €61,132 | €86,510 | +€25,378 | +41.5% |
| Deferred charges and accrued income | 490/1 | €1,808 | €2,328 | +€521 | +28.8% |
| Total equity and liabilities | 10/49 | €107,196 | €110,884 | +€3,688 | +3.4% |
| Equity | 10/15 | €100,555 | €88,236 | -€12,318 | -12.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €40,000 | +€8,000 | +25.0% |
| Distributable reserves | 133 | €32,000 | €40,000 | +€8,000 | +25.0% |
| Profit (loss) carried forward | 14 | €56,555 | €36,236 | -€20,318 | -35.9% |
| Amounts payable | 17/49 | €6,642 | €22,648 | +€16,006 | +241% |
| Amounts payable within one year | 42/48 | €6,642 | €22,648 | +€16,006 | +241% |
| Trade debts | 44 | €2,169 | €2,603 | +€434 | +20.0% |
| Suppliers | 440/4 | €2,169 | €2,603 | +€434 | +20.0% |
| Taxes, remuneration and social security | 45 | €4,472 | €6,977 | +€2,505 | +56.0% |
| Taxes | 450/3 | €4,472 | €6,727 | +€2,255 | +50.4% |
| Remuneration and social security | 454/9 | €0 | €250 | +€250 | |
| Other amounts payable | 47/48 | €0 | €13,067 | +€13,067 | |
| Remuneration, social security and pensions | 62 | €6,259 | €0 | -€6,259 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €665 | -€529 | -44.3% |
| Other operating charges | 640/8 | €1,211 | €1,660 | +€449 | +37.1% |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €61,816 | €41,985 | -€19,831 | -32.1% |
| Operating profit (loss) | 9901 | €53,152 | €39,373 | -€13,779 | -25.9% |
| Financial income | 75/76B | €43 | €0 | -€43 | -100% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -100% |
| Financial charges | 65/66B | €36,925 | €38,085 | +€1,160 | +3.1% |
| Recurring financial charges | 65 | €36,925 | €38,085 | +€1,160 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €16,270 | €1,288 | -€14,982 | -92.1% |
| Income taxes | 67/77 | €4,431 | €1,606 | -€2,825 | -63.8% |
| Profit (loss) for the period | 9904 | €11,838 | -€318 | -€12,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,838 | -€318 | -€12,157 |
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 16 October 2026 via checked.be.