ANGEL FACTORY: 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.
ANGEL FACTORY
Largest movements
- Receivables within one year -€15,744
down €15,744 (-24.7%), from €63,662 to €47,918
of which Other amounts receivable: -€10,744
- Cash +€2,428
up €2,428 (+2,632%), from €92 to €2,521
mainly Receivables within one year (+€15,744) and Depreciation (+€7,028)
- Profit (loss) carried forward -€12,821
down €12,821 (-8.8%), from €146,098 to €133,277
- Turnover +€7,500
up €7,500 (+150%), from €5,000 to €12,500
- Purchases and services +€6,440
up €6,440 (+67.7%), from €9,507 to €15,947
- Other operating charges +€1,877
up €1,877 (+56.0%), from €3,351 to €5,228
- Financial income -€1,482
down €1,482 (-33.3%), from €4,451 to €2,968
- Gross operating margin +€1,060
up €1,060 (+23.5%), from -€4,507 to -€3,447
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 | €167,048 | €153,749 | -€13,298 | -8.0% |
| Fixed assets | 21/28 | €102,684 | €102,684 | = | 0.0% |
| Tangible fixed assets | 22/27 | €102,684 | €102,684 | = | 0.0% |
| Land and buildings | 22 | €102,684 | €102,684 | = | 0.0% |
| Current assets | 29/58 | €64,364 | €51,066 | -€13,298 | -20.7% |
| Amounts receivable within one year | 40/41 | €63,662 | €47,918 | -€15,744 | -24.7% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €58,662 | €47,918 | -€10,744 | -18.3% |
| Cash at bank and in hand | 54/58 | €92 | €2,521 | +€2,428 | +2,632% |
| Deferred charges and accrued income | 490/1 | €610 | €627 | +€17 | +2.9% |
| Total equity and liabilities | 10/49 | €167,048 | €153,749 | -€13,298 | -8.0% |
| Equity | 10/15 | €166,558 | €153,737 | -€12,821 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,098 | €133,277 | -€12,821 | -8.8% |
| Amounts payable | 17/49 | €490 | €13 | -€477 | -97.4% |
| Amounts payable within one year | 42/48 | €490 | €13 | -€477 | -97.4% |
| Trade debts | 44 | €490 | €13 | -€477 | -97.4% |
| Suppliers | 440/4 | €490 | €13 | -€477 | -97.4% |
| Turnover | 70 | €5,000 | €12,500 | +€7,500 | +150% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,507 | €15,947 | +€6,440 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,028 | €7,028 | = | 0.0% |
| Other operating charges | 640/8 | €3,351 | €5,228 | +€1,877 | +56.0% |
| Gross operating margin | 9900 | -€4,507 | -€3,447 | +€1,060 | +23.5% |
| Operating profit (loss) | 9901 | -€14,886 | -€15,702 | -€816 | -5.5% |
| Financial income | 75/76B | €4,451 | €2,968 | -€1,482 | -33.3% |
| Recurring financial income | 75 | €4,451 | €2,968 | -€1,482 | -33.3% |
| Financial charges | 65/66B | €61 | €87 | +€26 | +42.3% |
| Recurring financial charges | 65 | €61 | €87 | +€26 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,496 | -€12,821 | -€2,325 | -22.1% |
| Profit (loss) for the period | 9904 | -€10,496 | -€12,821 | -€2,325 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,496 | -€12,821 | -€2,325 | -22.1% |
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.