ANGELIQUE: 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.
ANGELIQUE
Largest movements
- Cash +€55,411
up €55,411 (+61.6%), from €89,903 to €145,314
mainly Net result for the year (+€34,883) and Other debts (+€24,605)
- Stocks and contracts +€9,039
up €9,039 (+34.1%), from €26,476 to €35,515
- Receivables within one year +€4,837
up €4,837 (+86.3%), from €5,604 to €10,441
of which Trade receivables: +€8,209
- Tangible fixed assets -€4,186
down €4,186 (-40.0%), from €10,465 to €6,279
of which Plant, machinery and equipment: -€5,507
- Deferred charges and accrued income +€2,663
up €2,663 (+1,129%), from €236 to €2,899
- Reserves +€34,883
up €34,883 (+87.3%), from €39,965 to €74,849
- Other debts +€24,605
up €24,605 (+56.9%), from €43,256 to €67,861
- Tax, wage and social debts +€13,442
up €13,442 (+168%), from €7,997 to €21,439
of which Taxes: +€10,113
- Current portion of long-term debt -€3,450
no longer reported in 2025 (was €3,450)
- Gross operating margin +€46,493
up €46,493 (+48.1%), from €96,583 to €143,076
- Staff costs +€31,209
up €31,209 (+507%), from €6,160 to €37,369
- Other operating charges +€22,483
up €22,483 (+103%), from €21,726 to €44,209
- Financial charges -€9,505
down €9,505 (-87.8%), from €10,822 to €1,318
- Taxes +€7,789
up €7,789 (+69.2%), from €11,261 to €19,050
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 | €132,684 | €200,448 | +€67,764 | +51.1% |
| Fixed assets | 21/28 | €10,465 | €6,279 | -€4,186 | -40.0% |
| Tangible fixed assets | 22/27 | €10,465 | €6,279 | -€4,186 | -40.0% |
| Plant, machinery and equipment | 23 | €10,465 | €4,957 | -€5,507 | -52.6% |
| Furniture and vehicles | 24 | - | €1,322 | +€1,322 | |
| Current assets | 29/58 | €122,219 | €194,169 | +€71,949 | +58.9% |
| Stocks and contracts in progress | 3 | €26,476 | €35,515 | +€9,039 | +34.1% |
| Stocks | 30/36 | €26,476 | €35,515 | +€9,039 | +34.1% |
| Amounts receivable within one year | 40/41 | €5,604 | €10,441 | +€4,837 | +86.3% |
| Trade receivables | 40 | - | €8,209 | +€8,209 | |
| Other amounts receivable | 41 | €5,604 | €2,232 | -€3,372 | -60.2% |
| Cash at bank and in hand | 54/58 | €89,903 | €145,314 | +€55,411 | +61.6% |
| Deferred charges and accrued income | 490/1 | €236 | €2,899 | +€2,663 | +1,129% |
| Total equity and liabilities | 10/49 | €132,684 | €200,448 | +€67,764 | +51.1% |
| Equity | 10/15 | €51,413 | €86,296 | +€34,883 | +67.8% |
| Contributions | 10/11 | €11,447 | €11,447 | = | 0.0% |
| Reserves | 13 | €39,965 | €74,849 | +€34,883 | +87.3% |
| Distributable reserves | 133 | €39,965 | €74,849 | +€34,883 | +87.3% |
| Amounts payable | 17/49 | €81,271 | €114,152 | +€32,881 | +40.5% |
| Amounts payable within one year | 42/48 | €81,102 | €114,152 | +€33,050 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €3,450 | - | -€3,450 | |
| Financial debts | 43 | €1,044 | €1,058 | +€14 | +1.4% |
| Credit institutions | 430/8 | €1,044 | €1,058 | +€14 | +1.4% |
| Trade debts | 44 | €25,356 | €23,794 | -€1,562 | -6.2% |
| Suppliers | 440/4 | €25,356 | €23,794 | -€1,562 | -6.2% |
| Taxes, remuneration and social security | 45 | €7,997 | €21,439 | +€13,442 | +168% |
| Taxes | 450/3 | €7,719 | €17,832 | +€10,113 | +131% |
| Remuneration and social security | 454/9 | €278 | €3,607 | +€3,329 | +1,197% |
| Other amounts payable | 47/48 | €43,256 | €67,861 | +€24,605 | +56.9% |
| Accrued charges and deferred income | 492/3 | €170 | - | -€170 | |
| Non-recurring operating income | 76A | €15,562 | - | -€15,562 | |
| Remuneration, social security and pensions | 62 | €6,160 | €37,369 | +€31,209 | +507% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,390 | €6,843 | +€3,453 | +102% |
| Other operating charges | 640/8 | €21,726 | €44,209 | +€22,483 | +103% |
| Gross operating margin | 9900 | €96,583 | €143,076 | +€46,493 | +48.1% |
| Operating profit (loss) | 9901 | €65,307 | €54,654 | -€10,652 | -16.3% |
| Financial income | 75/76B | €78 | €596 | +€519 | +669% |
| Recurring financial income | 75 | €78 | €596 | +€519 | +669% |
| Financial charges | 65/66B | €10,822 | €1,318 | -€9,505 | -87.8% |
| Recurring financial charges | 65 | €10,822 | €1,318 | -€9,505 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €54,562 | €53,933 | -€628 | -1.2% |
| Income taxes | 67/77 | €11,261 | €19,050 | +€7,789 | +69.2% |
| Profit (loss) for the period | 9904 | €43,301 | €34,883 | -€8,418 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,301 | €34,883 | -€8,418 | -19.4% |
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 24 October 2026 via checked.be.