ANGELO & SOINS: 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.
ANGELO & SOINS
Largest movements
- Receivables after one year +€291,000
new in 2025: €291,000
- Receivables within one year -€239,333
down €239,333 (-67.8%), from €353,121 to €113,789
of which Other amounts receivable: -€235,382
- Deferred charges and accrued income +€29,513
up €29,513 (+123.0%), from €24,000 to €53,513
- Profit (loss) carried forward +€87,206
up €87,206 (+69.7%), from €125,105 to €212,310
- Other debts -€15,000
down €15,000 (-60.0%), from €25,000 to €10,000
- Tax, wage and social debts -€13,544
down €13,544 (-8.9%), from €152,100 to €138,556
- Trade debts +€11,146
up €11,146 (+789.4%), from €1,412 to €12,558
- Current portion of long-term debt +€9,610
up €9,610, from €0 to €9,610
- Taxes -€131,793
down €131,793 (-87.2%), from €151,176 to €19,383
- Gross operating margin -€56,945
down €56,945 (-40.5%), from €140,474 to €83,529
- Financial income +€14,628
up €14,628 (+70.0%), from €20,885 to €35,513
- Financial charges +€8,812
up €8,812 (+3268.3%), from €270 to €9,082
- Other operating charges +€2,790
up €2,790 (+841.2%), from €332 to €3,121
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 | €392,694 | €473,838 | +€81,144 | +20.7% |
| Fixed assets | 21/28 | €13,926 | €13,676 | -€250 | -1.8% |
| Tangible fixed assets | 22/27 | €426 | €176 | -€250 | -58.6% |
| Furniture and vehicles | 24 | €426 | €176 | -€250 | -58.6% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €378,768 | €460,162 | +€81,394 | +21.5% |
| Amounts receivable after more than one year | 29 | - | €291,000 | +€291,000 | |
| Other amounts receivable | 291 | - | €291,000 | +€291,000 | |
| Amounts receivable within one year | 40/41 | €353,121 | €113,789 | -€239,333 | -67.8% |
| Trade receivables | 40 | €16,701 | €12,751 | -€3,950 | -23.7% |
| Other amounts receivable | 41 | €336,420 | €101,038 | -€235,382 | -70.0% |
| Cash at bank and in hand | 54/58 | €1,647 | €1,861 | +€214 | +13.0% |
| Deferred charges and accrued income | 490/1 | €24,000 | €53,513 | +€29,513 | +123.0% |
| Total equity and liabilities | 10/49 | €392,694 | €473,838 | +€81,144 | +20.7% |
| Equity | 10/15 | €214,183 | €301,389 | +€87,206 | +40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,478 | €70,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €70,478 | €70,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,105 | €212,310 | +€87,206 | +69.7% |
| Amounts payable | 17/49 | €178,512 | €172,450 | -€6,062 | -3.4% |
| Amounts payable within one year | 42/48 | €178,512 | €172,450 | -€6,062 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,610 | +€9,610 | |
| Financial debts | 43 | - | €1,726 | +€1,726 | |
| Credit institutions | 430/8 | - | €1,726 | +€1,726 | |
| Trade debts | 44 | €1,412 | €12,558 | +€11,146 | +789.4% |
| Suppliers | 440/4 | €1,412 | €12,558 | +€11,146 | +789.4% |
| Taxes, remuneration and social security | 45 | €152,100 | €138,556 | -€13,544 | -8.9% |
| Taxes | 450/3 | €152,100 | €138,556 | -€13,544 | -8.9% |
| Other amounts payable | 47/48 | €25,000 | €10,000 | -€15,000 | -60.0% |
| Non-recurring operating income | 76A | €25,000 | €0 | -€25,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €250 | -€239 | -48.9% |
| Other operating charges | 640/8 | €332 | €3,121 | +€2,790 | +841.2% |
| Gross operating margin | 9900 | €140,474 | €83,529 | -€56,945 | -40.5% |
| Operating profit (loss) | 9901 | €139,654 | €80,158 | -€59,496 | -42.6% |
| Financial income | 75/76B | €20,885 | €35,513 | +€14,628 | +70.0% |
| Recurring financial income | 75 | €20,885 | €35,513 | +€14,628 | +70.0% |
| Financial charges | 65/66B | €270 | €9,082 | +€8,812 | +3268.3% |
| Recurring financial charges | 65 | €270 | €9,082 | +€8,812 | +3268.3% |
| Profit (loss) for the period before taxes | 9903 | €160,269 | €106,589 | -€53,680 | -33.5% |
| Income taxes | 67/77 | €151,176 | €19,383 | -€131,793 | -87.2% |
| Profit (loss) for the period | 9904 | €9,093 | €87,206 | +€78,113 | +859.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,093 | €87,206 | +€78,113 | +859.0% |
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 10 October 2026 via checked.be.