ANGELOW: 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.
ANGELOW
Largest movements
- Receivables within one year -€28,363
down €28,363 (-100%), from €28,363 to €0
of which Other amounts receivable: -€25,886
- Short-term financial debts -€45,564
down €45,564 (-100%), from €45,564 to €0
- Profit (loss) carried forward +€30,520
up €30,520 (+35.3%), from -€86,493 to -€55,973
- Trade debts -€8,468
down €8,468 (-99.6%), from €8,498 to €30
- Current portion of long-term debt -€7,386
down €7,386 (-100%), from €7,386 to €0
- Tax, wage and social debts +€1,525
up €1,525 (+434%), from €351 to €1,877
- Gross operating margin +€30,363
up €30,363 (+612%), from €4,963 to €35,326
- Financial charges -€4,760
down €4,760 (-52.6%), from €9,046 to €4,286
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 | €84,359 | €55,230 | -€29,129 | -34.5% |
| Current assets | 29/58 | €84,359 | €55,230 | -€29,129 | -34.5% |
| Amounts receivable after more than one year | 29 | €54,800 | €54,800 | = | 0.0% |
| Other amounts receivable | 291 | €54,800 | €54,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,363 | €0 | -€28,363 | -100% |
| Trade receivables | 40 | €2,477 | €0 | -€2,477 | -100% |
| Other amounts receivable | 41 | €25,886 | €0 | -€25,886 | -100% |
| Cash at bank and in hand | 54/58 | €1,196 | €430 | -€766 | -64.1% |
| Total equity and liabilities | 10/49 | €84,359 | €55,230 | -€29,129 | -34.5% |
| Equity | 10/15 | €19,894 | €50,414 | +€30,520 | +153% |
| Contributions | 10/11 | €53,460 | €53,460 | = | 0.0% |
| Reserves | 13 | €52,927 | €52,927 | = | 0.0% |
| Distributable reserves | 133 | €52,927 | €52,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,493 | -€55,973 | +€30,520 | +35.3% |
| Amounts payable | 17/49 | €64,465 | €4,816 | -€59,649 | -92.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,465 | €4,816 | -€59,649 | -92.5% |
| Current portion of amounts payable after more than one year | 42 | €7,386 | €0 | -€7,386 | -100% |
| Financial debts | 43 | €45,564 | €0 | -€45,564 | -100% |
| Credit institutions | 430/8 | €45,564 | €0 | -€45,564 | -100% |
| Trade debts | 44 | €8,498 | €30 | -€8,468 | -99.6% |
| Suppliers | 440/4 | €8,498 | €30 | -€8,468 | -99.6% |
| Taxes, remuneration and social security | 45 | €351 | €1,877 | +€1,525 | +434% |
| Taxes | 450/3 | €351 | €1,877 | +€1,525 | +434% |
| Other amounts payable | 47/48 | €2,665 | €2,909 | +€244 | +9.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €9,709 | €0 | -€9,709 | -100% |
| Gross operating margin | 9900 | €4,963 | €35,326 | +€30,363 | +612% |
| Operating profit (loss) | 9901 | -€5,251 | €34,807 | +€40,058 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,046 | €4,286 | -€4,760 | -52.6% |
| Recurring financial charges | 65 | €9,046 | €4,286 | -€4,760 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,297 | €30,520 | +€44,818 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,297 | €30,520 | +€44,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,297 | €30,520 | +€44,818 |
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 1 November 2026 via checked.be.