ANGELUS: 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.
ANGELUS
Largest movements
- Tangible fixed assets +€1,890
up €1,890 (+190%), from €993 to €2,884
of which Plant, machinery and equipment: +€2,289
- Cash -€1,627
down €1,627 (-75.9%), from €2,144 to €518
mainly Net result for the year (-€12,748) and Investment in fixed assets (net) (-€2,300)
- Receivables within one year +€1,233
new in 2025: €1,233
- Profit (loss) carried forward -€12,748
down €12,748 (-281%), from -€4,537 to -€17,284
- Other debts +€11,043
up €11,043 (+459%), from €2,405 to €13,448
- Trade debts +€3,156
up €3,156 (+1,175%), from €269 to €3,425
- Gross operating margin -€7,834
down €7,834 (-182%), from -€4,299 to -€12,133
- Depreciation +€208
up €208 (+103%), from €202 to €410
- Other operating charges +€128
new in 2025: €128
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 | €3,138 | €4,634 | +€1,497 | +47.7% |
| Fixed assets | 21/28 | €993 | €2,884 | +€1,890 | +190% |
| Tangible fixed assets | 22/27 | €993 | €2,884 | +€1,890 | +190% |
| Plant, machinery and equipment | 23 | - | €2,289 | +€2,289 | |
| Furniture and vehicles | 24 | €993 | €595 | -€398 | -40.1% |
| Current assets | 29/58 | €2,144 | €1,751 | -€393 | -18.3% |
| Amounts receivable within one year | 40/41 | - | €1,233 | +€1,233 | |
| Other amounts receivable | 41 | - | €1,233 | +€1,233 | |
| Cash at bank and in hand | 54/58 | €2,144 | €518 | -€1,627 | -75.9% |
| Total equity and liabilities | 10/49 | €3,138 | €4,634 | +€1,497 | +47.7% |
| Equity | 10/15 | €463 | -€12,284 | -€12,748 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€4,537 | -€17,284 | -€12,748 | -281% |
| Amounts payable | 17/49 | €2,674 | €16,919 | +€14,245 | +533% |
| Amounts payable within one year | 42/48 | €2,674 | €16,919 | +€14,245 | +533% |
| Trade debts | 44 | €269 | €3,425 | +€3,156 | +1,175% |
| Suppliers | 440/4 | €269 | €3,425 | +€3,156 | +1,175% |
| Taxes, remuneration and social security | 45 | - | €46 | +€46 | |
| Taxes | 450/3 | - | €46 | +€46 | |
| Other amounts payable | 47/48 | €2,405 | €13,448 | +€11,043 | +459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €410 | +€208 | +103% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | -€4,299 | -€12,133 | -€7,834 | -182% |
| Operating profit (loss) | 9901 | -€4,501 | -€12,670 | -€8,170 | -182% |
| Financial charges | 65/66B | €36 | €77 | +€42 | +116% |
| Recurring financial charges | 65 | €36 | €77 | +€42 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€4,537 | -€12,748 | -€8,211 | -181% |
| Profit (loss) for the period | 9904 | -€4,537 | -€12,748 | -€8,211 | -181% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,537 | -€12,748 | -€8,211 | -181% |
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 31 October 2026 via checked.be.