ANGELO.BA: 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.
ANGELO.BA
Largest movements
- Cash +€78,165
up €78,165 (+477.6%), from €16,367 to €94,533
mainly Net result for the year (+€46,523) and Tax, wage and social debts (+€36,844)
- Receivables within one year +€30,684
up €30,684 (+350.4%), from €8,757 to €39,441
of which Trade receivables: +€29,512
- Tangible fixed assets +€4,015
new in 2025: €4,015
of which Furniture and vehicles: +€3,317
- Profit (loss) carried forward +€46,523
up €46,523 (+5864.9%), from €793 to €47,316
- Tax, wage and social debts +€36,844
up €36,844 (+520.7%), from €7,076 to €43,920
of which Taxes: +€28,830
- Trade debts +€25,600
up €25,600 (+200.4%), from €12,775 to €38,374
- Other debts +€3,898
up €3,898 (+263.4%), from €1,480 to €5,378
- Gross operating margin +€136,984
up €136,984 (+651.8%), from €21,018 to €158,001
- Staff costs +€76,703
up €76,703 (+414.2%), from €18,517 to €95,220
- Taxes +€13,538
up €13,538 (+4216.1%), from €321 to €13,860
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 | €25,124 | €137,989 | +€112,865 | +449.2% |
| Fixed assets | 21/28 | - | €4,015 | +€4,015 | |
| Tangible fixed assets | 22/27 | - | €4,015 | +€4,015 | |
| Furniture and vehicles | 24 | - | €3,317 | +€3,317 | |
| Other tangible fixed assets | 26 | - | €698 | +€698 | |
| Current assets | 29/58 | €25,124 | €133,974 | +€108,850 | +433.2% |
| Amounts receivable within one year | 40/41 | €8,757 | €39,441 | +€30,684 | +350.4% |
| Trade receivables | 40 | €8,757 | €38,268 | +€29,512 | +337.0% |
| Other amounts receivable | 41 | - | €1,172 | +€1,172 | |
| Cash at bank and in hand | 54/58 | €16,367 | €94,533 | +€78,165 | +477.6% |
| Total equity and liabilities | 10/49 | €25,124 | €137,989 | +€112,865 | +449.2% |
| Equity | 10/15 | €3,793 | €50,316 | +€46,523 | +1226.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €793 | €47,316 | +€46,523 | +5864.9% |
| Amounts payable | 17/49 | €21,331 | €87,672 | +€66,342 | +311.0% |
| Amounts payable within one year | 42/48 | €21,331 | €87,672 | +€66,342 | +311.0% |
| Trade debts | 44 | €12,775 | €38,374 | +€25,600 | +200.4% |
| Suppliers | 440/4 | €12,775 | €38,374 | +€25,600 | +200.4% |
| Taxes, remuneration and social security | 45 | €7,076 | €43,920 | +€36,844 | +520.7% |
| Taxes | 450/3 | €3,583 | €32,413 | +€28,830 | +804.6% |
| Remuneration and social security | 454/9 | €3,493 | €11,507 | +€8,014 | +229.4% |
| Other amounts payable | 47/48 | €1,480 | €5,378 | +€3,898 | +263.4% |
| Remuneration, social security and pensions | 62 | €18,517 | €95,220 | +€76,703 | +414.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €798 | -€76 | -8.7% |
| Other operating charges | 640/8 | €437 | €1,132 | +€695 | +158.8% |
| Gross operating margin | 9900 | €21,018 | €158,001 | +€136,984 | +651.8% |
| Operating profit (loss) | 9901 | €1,188 | €60,851 | +€59,662 | +5020.2% |
| Financial income | 75/76B | €0 | €31 | +€31 | +61900.0% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +61900.0% |
| Financial charges | 65/66B | €74 | €499 | +€425 | +573.0% |
| Recurring financial charges | 65 | €74 | €499 | +€425 | +573.0% |
| Profit (loss) for the period before taxes | 9903 | €1,114 | €60,383 | +€59,268 | +5318.6% |
| Income taxes | 67/77 | €321 | €13,860 | +€13,538 | +4216.1% |
| Profit (loss) for the period | 9904 | €793 | €46,523 | +€45,730 | +5764.9% |
| Profit (loss) for the period to be appropriated | 9905 | €793 | €46,523 | +€45,730 | +5764.9% |
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 2 October 2026 via checked.be.