ANGELS CST: 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.
ANGELS CST
Largest movements
- Cash -€74,277
down €74,277 (-91.2%), from €81,410 to €7,133
mainly Net result for the year (-€33,773) and Investment in fixed assets (net) (-€20,949)
- Receivables within one year +€13,962
up €13,962 (+53.3%), from €26,210 to €40,173
of which Other amounts receivable: +€10,988
- Tangible fixed assets +€12,355
up €12,355 (+90.0%), from €13,733 to €26,087
of which Land and buildings: +€10,050
- Profit (loss) carried forward -€33,773
down €33,773 (-25.6%), from -€132,005 to -€165,778
- Trade debts -€17,575
down €17,575 (-86.1%), from €20,421 to €2,845
- Tax, wage and social debts +€3,357
up €3,357 (+125.4%), from €2,676 to €6,033
of which Remuneration and social security: +€5,244
- Gross operating margin -€75,953
down €75,953, from €51,461 to -€24,492
- Taxes -€12,955
down €12,955 (-98.3%), from €13,176 to €221
- Depreciation +€5,751
up €5,751 (+202.3%), from €2,843 to €8,594
- Other operating charges -€1,208
down €1,208 (-74.5%), from €1,622 to €414
- Financial charges -€607
down €607 (-91.6%), from €663 to €55
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 | €121,353 | €73,393 | -€47,960 | -39.5% |
| Fixed assets | 21/28 | €13,733 | €26,087 | +€12,355 | +90.0% |
| Tangible fixed assets | 22/27 | €13,733 | €26,087 | +€12,355 | +90.0% |
| Land and buildings | 22 | €9,956 | €20,006 | +€10,050 | +100.9% |
| Furniture and vehicles | 24 | €3,777 | €6,081 | +€2,304 | +61.0% |
| Current assets | 29/58 | €107,621 | €47,306 | -€60,315 | -56.0% |
| Amounts receivable within one year | 40/41 | €26,210 | €40,173 | +€13,962 | +53.3% |
| Trade receivables | 40 | €1,039 | €4,014 | +€2,974 | +286.2% |
| Other amounts receivable | 41 | €25,171 | €36,159 | +€10,988 | +43.7% |
| Cash at bank and in hand | 54/58 | €81,410 | €7,133 | -€74,277 | -91.2% |
| Total equity and liabilities | 10/49 | €121,353 | €73,393 | -€47,960 | -39.5% |
| Equity | 10/15 | €98,256 | €64,483 | -€33,773 | -34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,062 | €224,062 | = | 0.0% |
| Distributable reserves | 133 | €224,062 | €224,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,005 | -€165,778 | -€33,773 | -25.6% |
| Amounts payable | 17/49 | €23,097 | €8,910 | -€14,188 | -61.4% |
| Amounts payable within one year | 42/48 | €23,097 | €8,910 | -€14,188 | -61.4% |
| Financial debts | 43 | - | €31 | +€31 | |
| Credit institutions | 430/8 | - | €31 | +€31 | |
| Trade debts | 44 | €20,421 | €2,845 | -€17,575 | -86.1% |
| Suppliers | 440/4 | €20,421 | €2,845 | -€17,575 | -86.1% |
| Taxes, remuneration and social security | 45 | €2,676 | €6,033 | +€3,357 | +125.4% |
| Taxes | 450/3 | €2,676 | €789 | -€1,887 | -70.5% |
| Remuneration and social security | 454/9 | - | €5,244 | +€5,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,843 | €8,594 | +€5,751 | +202.3% |
| Other operating charges | 640/8 | €1,622 | €414 | -€1,208 | -74.5% |
| Gross operating margin | 9900 | €51,461 | -€24,492 | -€75,953 | |
| Operating profit (loss) | 9901 | €46,996 | -€33,500 | -€80,496 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €663 | €55 | -€607 | -91.6% |
| Recurring financial charges | 65 | €663 | €55 | -€607 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €46,333 | -€33,552 | -€79,885 | |
| Income taxes | 67/77 | €13,176 | €221 | -€12,955 | -98.3% |
| Profit (loss) for the period | 9904 | €33,157 | -€33,773 | -€66,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,157 | -€33,773 | -€66,930 |
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 6 October 2026 via checked.be.