ANGEL D: 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.
ANGEL D
Largest movements
- Cash +€15,194
up €15,194 (+102.6%), from €14,807 to €30,001
mainly Net result for the year (+€34,465) and Depreciation (+€12,128)
- Stocks and contracts +€13,241
up €13,241 (+20.8%), from €63,779 to €77,019
- Tangible fixed assets -€7,694
down €7,694 (-27.7%), from €27,763 to €20,070
of which Furniture and vehicles: -€5,380
- Profit (loss) carried forward +€33,632
up €33,632 (+244.5%), from €13,755 to €47,387
- Other debts -€12,915
down €12,915 (-36.8%), from €35,062 to €22,147
- Tax, wage and social debts +€7,629
up €7,629 (+88.9%), from €8,584 to €16,212
- Debts after one year -€7,624
down €7,624 (-19.9%), from €38,365 to €30,741
- Gross operating margin +€25,374
up €25,374 (+67.9%), from €37,358 to €62,732
- Taxes +€8,051
up €8,051 (+187.3%), from €4,298 to €12,349
- Financial charges +€2,671
up €2,671 (+78.5%), from €3,404 to €6,075
- Financial income +€1,920
up €1,920 (+152.8%), from €1,257 to €3,177
- Depreciation +€1,580
up €1,580 (+15.0%), from €10,548 to €12,128
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,599 | €131,517 | +€20,918 | +18.9% |
| Formation expenses | 20 | €530 | - | -€530 | |
| Fixed assets | 21/28 | €30,892 | €23,855 | -€7,037 | -22.8% |
| Intangible fixed assets | 21 | €3,074 | €3,731 | +€657 | +21.4% |
| Tangible fixed assets | 22/27 | €27,763 | €20,070 | -€7,694 | -27.7% |
| Furniture and vehicles | 24 | €18,712 | €13,332 | -€5,380 | -28.8% |
| Other tangible fixed assets | 26 | €9,052 | €6,738 | -€2,314 | -25.6% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €79,177 | €107,662 | +€28,485 | +36.0% |
| Stocks and contracts in progress | 3 | €63,779 | €77,019 | +€13,241 | +20.8% |
| Stocks | 30/36 | €63,779 | €77,019 | +€13,241 | +20.8% |
| Cash at bank and in hand | 54/58 | €14,807 | €30,001 | +€15,194 | +102.6% |
| Deferred charges and accrued income | 490/1 | €592 | €643 | +€51 | +8.5% |
| Total equity and liabilities | 10/49 | €110,599 | €131,517 | +€20,918 | +18.9% |
| Equity | 10/15 | €16,755 | €50,387 | +€33,632 | +200.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,755 | €47,387 | +€33,632 | +244.5% |
| Amounts payable | 17/49 | €93,844 | €81,131 | -€12,714 | -13.5% |
| Amounts payable after more than one year | 17 | €38,365 | €30,741 | -€7,624 | -19.9% |
| Financial debts | 170/4 | €38,365 | €30,741 | -€7,624 | -19.9% |
| Amounts payable within one year | 42/48 | €55,480 | €49,752 | -€5,727 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €7,322 | €7,624 | +€302 | +4.1% |
| Trade debts | 44 | €4,512 | €3,769 | -€743 | -16.5% |
| Suppliers | 440/4 | €4,512 | €3,769 | -€743 | -16.5% |
| Taxes, remuneration and social security | 45 | €8,584 | €16,212 | +€7,629 | +88.9% |
| Taxes | 450/3 | €8,584 | €16,212 | +€7,629 | +88.9% |
| Other amounts payable | 47/48 | €35,062 | €22,147 | -€12,915 | -36.8% |
| Accrued charges and deferred income | 492/3 | - | €637 | +€637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,548 | €12,128 | +€1,580 | +15.0% |
| Other operating charges | 640/8 | €610 | €892 | +€282 | +46.3% |
| Gross operating margin | 9900 | €37,358 | €62,732 | +€25,374 | +67.9% |
| Operating profit (loss) | 9901 | €26,200 | €49,712 | +€23,512 | +89.7% |
| Financial income | 75/76B | €1,257 | €3,177 | +€1,920 | +152.8% |
| Recurring financial income | 75 | €1,257 | €3,177 | +€1,920 | +152.8% |
| Financial charges | 65/66B | €3,404 | €6,075 | +€2,671 | +78.5% |
| Recurring financial charges | 65 | €3,404 | €6,075 | +€2,671 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €24,053 | €46,814 | +€22,761 | +94.6% |
| Income taxes | 67/77 | €4,298 | €12,349 | +€8,051 | +187.3% |
| Profit (loss) for the period | 9904 | €19,755 | €34,465 | +€14,710 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,755 | €34,465 | +€14,710 | +74.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.