Angel's Touch: 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's Touch
Largest movements
- Receivables within one year -€38,024
down €38,024 (-21.9%), from €173,258 to €135,234
of which Trade receivables: -€48,523
- Tangible fixed assets -€36,113
down €36,113 (-5.3%), from €684,612 to €648,499
of which Other tangible fixed assets: -€23,633
- Short-term financial debts -€31,685
no longer reported in 2025 (was €31,685)
- Debts after one year -€28,508
down €28,508 (-4.5%), from €636,801 to €608,294
- Current portion of long-term debt +€9,268
up €9,268 (+38.2%), from €24,240 to €33,508
- Tax, wage and social debts -€8,964
down €8,964 (-46.1%), from €19,450 to €10,486
- Gross operating margin -€42,296
down €42,296 (-41.2%), from €102,591 to €60,294
- Other operating charges -€21,363
down €21,363 (-90.2%), from €23,678 to €2,314
- Depreciation +€8,990
up €8,990 (+32.3%), from €27,832 to €36,822
- Taxes -€5,904
down €5,904 (-99.4%), from €5,942 to €39
- Financial income +€1,989
up €1,989 (+85.4%), from €2,329 to €4,318
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 | €861,727 | €791,389 | -€70,338 | -8.2% |
| Fixed assets | 21/28 | €684,612 | €648,499 | -€36,113 | -5.3% |
| Tangible fixed assets | 22/27 | €684,612 | €648,499 | -€36,113 | -5.3% |
| Land and buildings | 22 | €455,076 | €442,596 | -€12,480 | -2.7% |
| Other tangible fixed assets | 26 | €229,536 | €205,903 | -€23,633 | -10.3% |
| Current assets | 29/58 | €177,115 | €142,890 | -€34,226 | -19.3% |
| Amounts receivable within one year | 40/41 | €173,258 | €135,234 | -€38,024 | -21.9% |
| Trade receivables | 40 | €96,400 | €47,877 | -€48,523 | -50.3% |
| Other amounts receivable | 41 | €76,858 | €87,357 | +€10,499 | +13.7% |
| Cash at bank and in hand | 54/58 | - | €4,922 | +€4,922 | |
| Deferred charges and accrued income | 490/1 | €3,857 | €2,734 | -€1,123 | -29.1% |
| Total equity and liabilities | 10/49 | €861,727 | €791,389 | -€70,338 | -8.2% |
| Equity | 10/15 | €132,585 | €130,010 | -€2,575 | -1.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,085 | €128,510 | -€2,575 | -2.0% |
| Amounts payable | 17/49 | €729,142 | €661,379 | -€67,763 | -9.3% |
| Amounts payable after more than one year | 17 | €636,801 | €608,294 | -€28,508 | -4.5% |
| Financial debts | 170/4 | €636,801 | €608,294 | -€28,508 | -4.5% |
| Amounts payable within one year | 42/48 | €89,561 | €53,085 | -€36,475 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €24,240 | €33,508 | +€9,268 | +38.2% |
| Financial debts | 43 | €31,685 | - | -€31,685 | |
| Credit institutions | 430/8 | €31,685 | - | -€31,685 | |
| Trade debts | 44 | €14,186 | €9,092 | -€5,094 | -35.9% |
| Suppliers | 440/4 | €14,186 | €9,092 | -€5,094 | -35.9% |
| Taxes, remuneration and social security | 45 | €19,450 | €10,486 | -€8,964 | -46.1% |
| Taxes | 450/3 | €19,450 | €10,486 | -€8,964 | -46.1% |
| Accrued charges and deferred income | 492/3 | €2,780 | - | -€2,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,832 | €36,822 | +€8,990 | +32.3% |
| Other operating charges | 640/8 | €23,678 | €2,314 | -€21,363 | -90.2% |
| Gross operating margin | 9900 | €102,591 | €60,294 | -€42,296 | -41.2% |
| Operating profit (loss) | 9901 | €51,081 | €21,158 | -€29,923 | -58.6% |
| Financial income | 75/76B | €2,329 | €4,318 | +€1,989 | +85.4% |
| Recurring financial income | 75 | €2,329 | €4,318 | +€1,989 | +85.4% |
| Financial charges | 65/66B | €26,683 | €28,013 | +€1,330 | +5.0% |
| Recurring financial charges | 65 | €26,683 | €28,013 | +€1,330 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €26,727 | -€2,537 | -€29,264 | |
| Income taxes | 67/77 | €5,942 | €39 | -€5,904 | -99.4% |
| Profit (loss) for the period | 9904 | €20,785 | -€2,575 | -€23,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,785 | -€2,575 | -€23,360 |
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 22 October 2026 via checked.be.