ANGELISSIMO: 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.
ANGELISSIMO
Largest movements
- Tangible fixed assets +€18,453
up €18,453 (+93.6%), from €19,714 to €38,167
of which Furniture and vehicles: +€22,730
- Cash -€7,204
down €7,204 (-73.5%), from €9,807 to €2,602
mainly Investment in fixed assets (net) (-€31,430) and Contributions, distributions and other (-€17,000)
- Receivables within one year +€5,367
up €5,367 (+14.7%), from €36,481 to €41,848
- Stocks and contracts +€5,013
up €5,013 (+15.5%), from €32,381 to €37,394
- Deferred charges and accrued income +€1,302
new in 2025: €1,302
- Debts after one year +€15,298
up €15,298 (+161.8%), from €9,457 to €24,755
- Current portion of long-term debt +€6,970
up €6,970 (+268.3%), from €2,598 to €9,568
- Reserves -€3,180
down €3,180 (-11.9%), from €26,750 to €23,570
- Trade debts +€1,635
up €1,635 (+12.6%), from €12,956 to €14,592
- Tax, wage and social debts +€1,426
up €1,426 (+11.7%), from €12,209 to €13,635
of which Taxes: +€1,268
- Purchases and services +€32,083
up €32,083 (+11.7%), from €273,469 to €305,552
- Turnover +€21,530
up €21,530 (+6.4%), from €336,087 to €357,616
- Staff costs -€4,217
down €4,217 (-10.9%), from €38,767 to €34,551
- Gross operating margin +€4,186
up €4,186 (+6.7%), from €62,618 to €66,804
- Depreciation +€4,000
up €4,000 (+44.6%), from €8,976 to €12,976
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 | €98,383 | €121,314 | +€22,931 | +23.3% |
| Fixed assets | 21/28 | €19,714 | €38,167 | +€18,453 | +93.6% |
| Tangible fixed assets | 22/27 | €19,714 | €38,167 | +€18,453 | +93.6% |
| Plant, machinery and equipment | 23 | €7,850 | €12,565 | +€4,716 | +60.1% |
| Furniture and vehicles | 24 | €73 | €22,803 | +€22,730 | +31287.6% |
| Leasing and similar rights | 25 | €7,121 | - | -€7,121 | |
| Other tangible fixed assets | 26 | €4,670 | €2,799 | -€1,871 | -40.1% |
| Current assets | 29/58 | €78,669 | €83,147 | +€4,478 | +5.7% |
| Stocks and contracts in progress | 3 | €32,381 | €37,394 | +€5,013 | +15.5% |
| Stocks | 30/36 | €32,381 | €37,394 | +€5,013 | +15.5% |
| Amounts receivable within one year | 40/41 | €36,481 | €41,848 | +€5,367 | +14.7% |
| Trade receivables | 40 | €36,481 | €41,848 | +€5,367 | +14.7% |
| Cash at bank and in hand | 54/58 | €9,807 | €2,602 | -€7,204 | -73.5% |
| Deferred charges and accrued income | 490/1 | - | €1,302 | +€1,302 | |
| Total equity and liabilities | 10/49 | €98,383 | €121,314 | +€22,931 | +23.3% |
| Equity | 10/15 | €37,750 | €34,570 | -€3,180 | -8.4% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €26,750 | €23,570 | -€3,180 | -11.9% |
| Distributable reserves | 133 | €26,750 | €23,570 | -€3,180 | -11.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €60,633 | €86,744 | +€26,111 | +43.1% |
| Amounts payable after more than one year | 17 | €9,457 | €24,755 | +€15,298 | +161.8% |
| Financial debts | 170/4 | €9,457 | €24,755 | +€15,298 | +161.8% |
| Amounts payable within one year | 42/48 | €44,519 | €55,887 | +€11,368 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €2,598 | €9,568 | +€6,970 | +268.3% |
| Trade debts | 44 | €12,956 | €14,592 | +€1,635 | +12.6% |
| Suppliers | 440/4 | €12,956 | €14,592 | +€1,635 | +12.6% |
| Taxes, remuneration and social security | 45 | €12,209 | €13,635 | +€1,426 | +11.7% |
| Taxes | 450/3 | €4,122 | €5,390 | +€1,268 | +30.8% |
| Remuneration and social security | 454/9 | €8,087 | €8,245 | +€158 | +2.0% |
| Other amounts payable | 47/48 | €16,756 | €18,093 | +€1,337 | +8.0% |
| Accrued charges and deferred income | 492/3 | €6,657 | €6,102 | -€555 | -8.3% |
| Turnover | 70 | €336,087 | €357,616 | +€21,530 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €273,469 | €305,552 | +€32,083 | +11.7% |
| Remuneration, social security and pensions | 62 | €38,767 | €34,551 | -€4,217 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,976 | €12,976 | +€4,000 | +44.6% |
| Other operating charges | 640/8 | €1,921 | €2,899 | +€978 | +50.9% |
| Gross operating margin | 9900 | €62,618 | €66,804 | +€4,186 | +6.7% |
| Operating profit (loss) | 9901 | €12,953 | €16,378 | +€3,425 | +26.4% |
| Financial income | 75/76B | €22 | €159 | +€136 | +619.8% |
| Recurring financial income | 75 | €22 | €159 | +€136 | +619.8% |
| Financial charges | 65/66B | €768 | €1,450 | +€682 | +88.8% |
| Recurring financial charges | 65 | €768 | €1,450 | +€682 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €12,207 | €15,087 | +€2,880 | +23.6% |
| Income taxes | 67/77 | €60 | €1,267 | +€1,206 | +2000.3% |
| Profit (loss) for the period | 9904 | €12,147 | €13,820 | +€1,673 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,147 | €13,820 | +€1,673 | +13.8% |
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 7 October 2026 via checked.be.