ANGELIKIS: 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.
ANGELIKIS
Largest movements
- Cash -€9,760
down €9,760 (-25.7%), from €37,943 to €28,184
mainly Tax, wage and social debts (-€24,495) and Receivables within one year (-€4,802)
- Tangible fixed assets -€9,384
down €9,384 (-42.7%), from €21,964 to €12,580
of which Furniture and vehicles: -€7,148
- Receivables within one year +€4,802
up €4,802 (+4.4%), from €109,289 to €114,091
of which Other amounts receivable: +€5,144
- Deferred charges and accrued income +€2,585
up €2,585 (+73.9%), from €3,497 to €6,082
- Stocks and contracts -€2,519
down €2,519 (-31.5%), from €8,004 to €5,486
- Tax, wage and social debts -€24,495
down €24,495 (-27.3%), from €89,756 to €65,261
of which Remuneration and social security: -€19,347
- Trade debts +€9,426
up €9,426 (+15.2%), from €62,063 to €71,489
- Short-term financial debts +€1,889
new in 2025: €1,889
- Turnover -€38,619
down €38,619 (-5.3%), from €725,791 to €687,172
- Gross operating margin -€34,336
down €34,336 (-10.4%), from €329,999 to €295,663
- Staff costs -€23,080
down €23,080 (-7.7%), from €300,134 to €277,054
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 | €180,697 | €166,423 | -€14,275 | -7.9% |
| Fixed assets | 21/28 | €21,964 | €12,580 | -€9,384 | -42.7% |
| Tangible fixed assets | 22/27 | €21,964 | €12,580 | -€9,384 | -42.7% |
| Plant, machinery and equipment | 23 | €11,725 | €9,489 | -€2,236 | -19.1% |
| Furniture and vehicles | 24 | €10,239 | €3,091 | -€7,148 | -69.8% |
| Current assets | 29/58 | €158,734 | €153,843 | -€4,891 | -3.1% |
| Stocks and contracts in progress | 3 | €8,004 | €5,486 | -€2,519 | -31.5% |
| Stocks | 30/36 | €8,004 | €5,486 | -€2,519 | -31.5% |
| Amounts receivable within one year | 40/41 | €109,289 | €114,091 | +€4,802 | +4.4% |
| Trade receivables | 40 | €42,662 | €42,320 | -€342 | -0.8% |
| Other amounts receivable | 41 | €66,627 | €71,771 | +€5,144 | +7.7% |
| Cash at bank and in hand | 54/58 | €37,943 | €28,184 | -€9,760 | -25.7% |
| Deferred charges and accrued income | 490/1 | €3,497 | €6,082 | +€2,585 | +73.9% |
| Total equity and liabilities | 10/49 | €180,697 | €166,423 | -€14,275 | -7.9% |
| Equity | 10/15 | €27,216 | €27,549 | +€332 | +1.2% |
| Contributions | 10/11 | €18,611 | €18,611 | = | 0.0% |
| Reserves | 13 | €1,313 | €1,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,313 | €1,313 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,313 | €1,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,292 | €7,625 | +€332 | +4.6% |
| Amounts payable | 17/49 | €153,481 | €138,874 | -€14,607 | -9.5% |
| Amounts payable within one year | 42/48 | €151,901 | €138,874 | -€13,027 | -8.6% |
| Financial debts | 43 | - | €1,889 | +€1,889 | |
| Credit institutions | 430/8 | - | €1,889 | +€1,889 | |
| Trade debts | 44 | €62,063 | €71,489 | +€9,426 | +15.2% |
| Suppliers | 440/4 | €62,063 | €71,489 | +€9,426 | +15.2% |
| Advances received on contracts in progress | 46 | €82 | €235 | +€153 | +188% |
| Taxes, remuneration and social security | 45 | €89,756 | €65,261 | -€24,495 | -27.3% |
| Taxes | 450/3 | €33,708 | €28,560 | -€5,148 | -15.3% |
| Remuneration and social security | 454/9 | €56,048 | €36,701 | -€19,347 | -34.5% |
| Accrued charges and deferred income | 492/3 | €1,581 | - | -€1,581 | |
| Turnover | 70 | €725,791 | €687,172 | -€38,619 | -5.3% |
| Non-recurring operating income | 76A | €43 | €9 | -€34 | -78.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €423,141 | €416,521 | -€6,620 | -1.6% |
| Remuneration, social security and pensions | 62 | €300,134 | €277,054 | -€23,080 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,366 | €12,024 | -€342 | -2.8% |
| Other operating charges | 640/8 | €1,414 | €1,519 | +€105 | +7.4% |
| Non-recurring operating charges | 66A | €5,830 | €19 | -€5,811 | -99.7% |
| Gross operating margin | 9900 | €329,999 | €295,663 | -€34,336 | -10.4% |
| Operating profit (loss) | 9901 | €10,255 | €5,047 | -€5,208 | -50.8% |
| Financial charges | 65/66B | €6,197 | €4,406 | -€1,791 | -28.9% |
| Recurring financial charges | 65 | €6,197 | €4,406 | -€1,791 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €4,058 | €641 | -€3,417 | -84.2% |
| Income taxes | 67/77 | €300 | €309 | +€9 | +2.9% |
| Profit (loss) for the period | 9904 | €3,758 | €332 | -€3,425 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,758 | €332 | -€3,425 | -91.2% |
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 18 October 2026 via checked.be.