ANGELS LANDING: what changed
What changed
ANGELS LANDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€9,013
2024 · €133,386-€124,374
Equity
€6.9m
2024 · €6.9m+€9,013
Cash
€114,514
2024 · €10,005+€104,509
Balance sheet total
€7.4m
2024 · €7.5m-€32,621
Largest movements
Assets
- Receivables within one year -€194,781
down €194,781 (-95.2%), from €204,500 to €9,719
of which Other amounts receivable: -€195,740
- Cash +€104,509
up €104,509 (+1,045%), from €10,005 to €114,514
mainly Receivables within one year (+€194,781) and Depreciation (+€44,528)
- Current investments +€101,872
up €101,872 (+28.6%), from €356,638 to €458,511
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€183,983
down €183,983 (-90.6%), from €203,129 to €19,146
- Financial charges -€57,907
down €57,907 (-67.8%), from €85,379 to €27,472
of which Non-recurring financial charges: -€50,100
- Turnover +€20,720
up €20,720 (+10.8%), from €191,800 to €212,520
- Services and other goods +€8,533
up €8,533 (+4.8%), from €178,782 to €187,315
- Other operating income +€7,036
up €7,036 (+19.4%), from €36,195 to €43,232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€133,386
Turnover
+€20,720
Other operating income
+€7,036
Services and other goods
-€8,533
Depreciation
+€120
Other operating charges
+€94
Other operating items
-€17,748
Financial income
-€183,983
Financial charges
+€57,907
Taxes
+€14
Result 2025
€9,013
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€250,141
Investment
-€104,976
Financing
-€40,656
Cash 2024
€10,005
From operations (derived)
+€250,141
Net result for the year
+€9,013
Depreciation
+€44,528
Receivables after one year
+€3,000
Receivables within one year
+€194,781
Deferred charges and accrued income
-€203
Trade debts
+€4,720
Tax, wage and social debts
+€4,868
Other debts
-€12,226
Accrued charges and deferred income
+€1,660
Investment (derived)
-€104,976
Investment in fixed assets (net)
-€3,104
Current investments
-€101,872
Financing
-€40,656
Debts after one year
-€43,364
Current portion of long-term debt
+€2,708
Cash 2025
€114,514
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,453,454 | €7,420,833 | -€32,621 | -0.4% |
| Fixed assets | 21/28 | €6,876,221 | €6,834,796 | -€41,425 | -0.6% |
| Tangible fixed assets | 22/27 | €767,543 | €726,118 | -€41,425 | -5.4% |
| Land and buildings | 22 | €735,516 | €706,797 | -€28,719 | -3.9% |
| Plant, machinery and equipment | 23 | €3,506 | €2,719 | -€787 | -22.4% |
| Furniture and vehicles | 24 | €4,170 | €5,304 | +€1,134 | +27.2% |
| Leasing and similar rights | 25 | €23,308 | €10,613 | -€12,694 | -54.5% |
| Other tangible fixed assets | 26 | €1,044 | €685 | -€359 | -34.4% |
| Financial fixed assets | 28 | €6,108,678 | €6,108,678 | = | 0.0% |
| Affiliated companies | 280/1 | €6,108,678 | €6,108,678 | = | 0.0% |
| Participating interests | 280 | €6,108,678 | €6,108,678 | = | 0.0% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Shares | 284 | €0 | - | = | |
| Current assets | 29/58 | €577,233 | €586,037 | +€8,804 | +1.5% |
| Amounts receivable after more than one year | 29 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts receivable | 291 | €3,000 | €0 | -€3,000 | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €204,500 | €9,719 | -€194,781 | -95.2% |
| Trade receivables | 40 | €0 | €960 | +€960 | |
| Other amounts receivable | 41 | €204,500 | €8,760 | -€195,740 | -95.7% |
| Current investments | 50/53 | €356,638 | €458,511 | +€101,872 | +28.6% |
| Other investments | 51/53 | €356,638 | €458,511 | +€101,872 | +28.6% |
| Cash at bank and in hand | 54/58 | €10,005 | €114,514 | +€104,509 | +1,045% |
| Deferred charges and accrued income | 490/1 | €3,090 | €3,292 | +€203 | +6.6% |
| Total equity and liabilities | 10/49 | €7,453,454 | €7,420,833 | -€32,621 | -0.4% |
| Equity | 10/15 | €6,878,518 | €6,887,531 | +€9,013 | +0.1% |
| Contributions | 10/11 | €5,739,588 | €5,739,588 | = | 0.0% |
| Reserves | 13 | €576,465 | €576,465 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,687 | €14,687 | = | 0.0% |
| Distributable reserves | 133 | €561,777 | €561,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | €562,465 | €571,478 | +€9,013 | +1.6% |
| Amounts payable | 17/49 | €574,936 | €533,302 | -€41,634 | -7.2% |
| Amounts payable after more than one year | 17 | €499,987 | €456,622 | -€43,364 | -8.7% |
| Financial debts | 170/4 | €499,987 | €456,622 | -€43,364 | -8.7% |
| Leasing and similar obligations | 172 | €10,841 | €0 | -€10,841 | -100% |
| Credit institutions | 173 | €489,145 | €456,622 | -€32,523 | -6.6% |
| Amounts payable within one year | 42/48 | €74,649 | €74,720 | +€70 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €39,153 | €41,862 | +€2,708 | +6.9% |
| Trade debts | 44 | €12,018 | €16,739 | +€4,720 | +39.3% |
| Suppliers | 440/4 | €12,018 | €16,739 | +€4,720 | +39.3% |
| Taxes, remuneration and social security | 45 | €11,252 | €16,119 | +€4,868 | +43.3% |
| Taxes | 450/3 | €11,252 | €12,419 | +€1,168 | +10.4% |
| Remuneration and social security | 454/9 | - | €3,700 | +€3,700 | |
| Other amounts payable | 47/48 | €12,226 | €0 | -€12,226 | -100% |
| Accrued charges and deferred income | 492/3 | €300 | €1,960 | +€1,660 | +553% |
| Operating income | 70/76A | €245,743 | €255,752 | +€10,008 | +4.1% |
| Turnover | 70 | €191,800 | €212,520 | +€20,720 | +10.8% |
| Other operating income | 74 | €36,195 | €43,232 | +€7,036 | +19.4% |
| Non-recurring operating income | 76A | €17,748 | €0 | -€17,748 | -100% |
| Operating charges | 60/66A | €228,745 | €237,064 | +€8,319 | +3.6% |
| Services and other goods | 61 | €178,782 | €187,315 | +€8,533 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,648 | €44,528 | -€120 | -0.3% |
| Other operating charges | 640/8 | €5,315 | €5,221 | -€94 | -1.8% |
| Operating profit (loss) | 9901 | €16,999 | €18,688 | +€1,689 | +9.9% |
| Financial income | 75/76B | €203,129 | €19,146 | -€183,983 | -90.6% |
| Recurring financial income | 75 | €203,129 | €19,146 | -€183,983 | -90.6% |
| Income from financial fixed assets | 750 | €200,000 | €0 | -€200,000 | -100% |
| Income from current assets | 751 | €3,129 | €19,146 | +€16,017 | +512% |
| Financial charges | 65/66B | €85,379 | €27,472 | -€57,907 | -67.8% |
| Recurring financial charges | 65 | €35,279 | €27,472 | -€7,807 | -22.1% |
| Debt charges | 650 | €34,172 | €26,412 | -€7,760 | -22.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €1,107 | €1,060 | -€47 | -4.2% |
| Non-recurring financial charges | 66B | €50,100 | €0 | -€50,100 | -100% |
| Profit (loss) for the period before taxes | 9903 | €134,749 | €10,362 | -€124,387 | -92.3% |
| Income taxes | 67/77 | €1,363 | €1,349 | -€14 | -1.0% |
| Taxes | 670/3 | €1,363 | €1,349 | -€14 | -1.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €133,386 | €9,013 | -€124,374 | -93.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €133,386 | €9,013 | -€124,374 | -93.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.