ANGELA: 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.
ANGELA
Largest movements
- Cash +€15,041
up €15,041 (+30.9%), from €48,721 to €63,762
mainly Net result for the year (+€11,553) and Depreciation (+€6,643)
- Tangible fixed assets -€4,661
down €4,661 (-30.3%), from €15,379 to €10,718
of which Furniture and vehicles: -€3,461
- Receivables within one year -€1,209
down €1,209 (-14.7%), from €8,204 to €6,995
of which Trade receivables: -€5,122
- Reserves +€11,553
up €11,553 (+18.6%), from €61,991 to €73,544
- Trade debts -€1,159
down €1,159 (-57.5%), from €2,015 to €857
- Other debts -€1,013
down €1,013 (-64.7%), from €1,565 to €552
- Taxes -€3,675
down €3,675 (-37.5%), from €9,805 to €6,130
- Depreciation +€1,732
up €1,732 (+35.3%), from €4,911 to €6,643
- Gross operating margin -€1,662
down €1,662 (-5.5%), from €30,182 to €28,521
- Other operating charges -€1,622
down €1,622 (-42.5%), from €3,820 to €2,198
- Financial charges +€348
up €348 (+19.4%), from €1,794 to €2,142
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 | €73,180 | €82,355 | +€9,175 | +12.5% |
| Fixed assets | 21/28 | €15,379 | €10,718 | -€4,661 | -30.3% |
| Tangible fixed assets | 22/27 | €15,379 | €10,718 | -€4,661 | -30.3% |
| Furniture and vehicles | 24 | €12,522 | €9,061 | -€3,461 | -27.6% |
| Other tangible fixed assets | 26 | €2,857 | €1,657 | -€1,200 | -42.0% |
| Current assets | 29/58 | €57,801 | €71,637 | +€13,836 | +23.9% |
| Amounts receivable within one year | 40/41 | €8,204 | €6,995 | -€1,209 | -14.7% |
| Trade receivables | 40 | €5,954 | €831 | -€5,122 | -86.0% |
| Other amounts receivable | 41 | €2,250 | €6,164 | +€3,914 | +174% |
| Cash at bank and in hand | 54/58 | €48,721 | €63,762 | +€15,041 | +30.9% |
| Deferred charges and accrued income | 490/1 | €876 | €880 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €73,180 | €82,355 | +€9,175 | +12.5% |
| Equity | 10/15 | €63,107 | €74,660 | +€11,553 | +18.3% |
| Contributions | 10/11 | €1,116 | €1,116 | = | 0.0% |
| Reserves | 13 | €61,991 | €73,544 | +€11,553 | +18.6% |
| Distributable reserves | 133 | €61,991 | €73,544 | +€11,553 | +18.6% |
| Amounts payable | 17/49 | €10,072 | €7,695 | -€2,378 | -23.6% |
| Amounts payable within one year | 42/48 | €8,672 | €6,062 | -€2,611 | -30.1% |
| Trade debts | 44 | €2,015 | €857 | -€1,159 | -57.5% |
| Suppliers | 440/4 | €2,015 | €857 | -€1,159 | -57.5% |
| Taxes, remuneration and social security | 45 | €5,092 | €4,653 | -€439 | -8.6% |
| Taxes | 450/3 | €5,092 | €4,653 | -€439 | -8.6% |
| Other amounts payable | 47/48 | €1,565 | €552 | -€1,013 | -64.7% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,633 | +€233 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,911 | €6,643 | +€1,732 | +35.3% |
| Other operating charges | 640/8 | €3,820 | €2,198 | -€1,622 | -42.5% |
| Gross operating margin | 9900 | €30,182 | €28,521 | -€1,662 | -5.5% |
| Operating profit (loss) | 9901 | €21,451 | €19,680 | -€1,771 | -8.3% |
| Financial income | 75/76B | €195 | €145 | -€51 | -25.9% |
| Recurring financial income | 75 | €195 | €145 | -€51 | -25.9% |
| Financial charges | 65/66B | €1,794 | €2,142 | +€348 | +19.4% |
| Recurring financial charges | 65 | €1,794 | €2,142 | +€348 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €19,853 | €17,683 | -€2,170 | -10.9% |
| Income taxes | 67/77 | €9,805 | €6,130 | -€3,675 | -37.5% |
| Profit (loss) for the period | 9904 | €10,047 | €11,553 | +€1,506 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,047 | €11,553 | +€1,506 | +15.0% |
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.