ANGELCOIFF: 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.
ANGELCOIFF
Largest movements
- Tangible fixed assets -€8,753
down €8,753 (-37.5%), from €23,322 to €14,569
of which Leasing and similar rights: -€6,264
- Receivables within one year -€2,519
down €2,519 (-93.4%), from €2,698 to €179
of which Trade receivables: -€2,695
- Stocks and contracts -€1,907
down €1,907 (-41.3%), from €4,619 to €2,712
- Cash +€1,767
up €1,767 (+28.9%), from €6,121 to €7,888
mainly Depreciation (+€8,753) and Trade debts (+€3,182)
- Profit (loss) carried forward -€7,057
down €7,057 (-26.2%), from -€26,956 to -€34,013
- Debts after one year -€4,229
down €4,229 (-30.8%), from €13,735 to €9,506
- Trade debts +€3,182
up €3,182 (+70.0%), from €4,546 to €7,728
- Other debts -€2,487
down €2,487 (-23.5%), from €10,593 to €8,106
- Current portion of long-term debt -€2,483
down €2,483 (-37.0%), from €6,712 to €4,229
- Gross operating margin +€3,576
up €3,576 (+42.4%), from €8,425 to €12,001
- Staff costs +€2,719
up €2,719 (+53.3%), from €5,098 to €7,817
- Other operating charges +€312
up €312 (+61.0%), from €512 to €824
- Depreciation -€289
down €289 (-3.2%), from €9,042 to €8,753
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.
Cash bridge derived
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 | €36,936 | €25,421 | -€11,515 | -31.2% |
| Fixed assets | 21/28 | €23,498 | €14,569 | -€8,929 | -38.0% |
| Tangible fixed assets | 22/27 | €23,322 | €14,569 | -€8,753 | -37.5% |
| Plant, machinery and equipment | 23 | €3,546 | €1,182 | -€2,364 | -66.7% |
| Furniture and vehicles | 24 | €124 | €0 | -€124 | -100.0% |
| Leasing and similar rights | 25 | €19,652 | €13,387 | -€6,264 | -31.9% |
| Financial fixed assets | 28 | €176 | €0 | -€176 | -100.0% |
| Current assets | 29/58 | €13,438 | €10,851 | -€2,586 | -19.2% |
| Stocks and contracts in progress | 3 | €4,619 | €2,712 | -€1,907 | -41.3% |
| Stocks | 30/36 | €4,619 | €2,712 | -€1,907 | -41.3% |
| Amounts receivable within one year | 40/41 | €2,698 | €179 | -€2,519 | -93.4% |
| Trade receivables | 40 | €2,698 | €3 | -€2,695 | -99.9% |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €6,121 | €7,888 | +€1,767 | +28.9% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €36,936 | €25,421 | -€11,515 | -31.2% |
| Equity | 10/15 | -€2,504 | -€9,562 | -€7,057 | -281.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,859 | €5,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,956 | -€34,013 | -€7,057 | -26.2% |
| Amounts payable | 17/49 | €39,440 | €34,982 | -€4,458 | -11.3% |
| Amounts payable after more than one year | 17 | €13,735 | €9,506 | -€4,229 | -30.8% |
| Financial debts | 170/4 | €13,735 | €9,506 | -€4,229 | -30.8% |
| Amounts payable within one year | 42/48 | €25,706 | €25,477 | -€229 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €6,712 | €4,229 | -€2,483 | -37.0% |
| Trade debts | 44 | €4,546 | €7,728 | +€3,182 | +70.0% |
| Suppliers | 440/4 | €4,546 | €7,728 | +€3,182 | +70.0% |
| Taxes, remuneration and social security | 45 | €3,855 | €5,414 | +€1,559 | +40.4% |
| Taxes | 450/3 | €3,373 | €4,655 | +€1,282 | +38.0% |
| Remuneration and social security | 454/9 | €481 | €758 | +€277 | +57.5% |
| Other amounts payable | 47/48 | €10,593 | €8,106 | -€2,487 | -23.5% |
| Remuneration, social security and pensions | 62 | €5,098 | €7,817 | +€2,719 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,042 | €8,753 | -€289 | -3.2% |
| Other operating charges | 640/8 | €512 | €824 | +€312 | +61.0% |
| Gross operating margin | 9900 | €8,425 | €12,001 | +€3,576 | +42.4% |
| Operating profit (loss) | 9901 | -€6,227 | -€5,393 | +€834 | +13.4% |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.7% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.7% |
| Financial charges | 65/66B | €1,471 | €1,470 | -€1 | 0.0% |
| Recurring financial charges | 65 | €1,471 | €1,470 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,670 | -€6,863 | +€807 | +10.5% |
| Income taxes | 67/77 | €188 | €194 | +€6 | +3.1% |
| Profit (loss) for the period | 9904 | -€7,859 | -€7,057 | +€801 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,859 | -€7,057 | +€801 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.