Angelwise Beheer: 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.
Angelwise Beheer
Largest movements
- Financial fixed assets +€61,350
up €61,350 (+37.5%), from €163,600 to €224,950
- Cash +€60,508
up €60,508 (+1,245%), from €4,862 to €65,370
mainly Contributions, distributions and other (+€80,000) and Trade debts (+€19,312)
- Formation expenses -€3,362
down €3,362 (-49.7%), from €6,769 to €3,406
- Contributions +€80,000
up €80,000 (+80.0%), from €100,000 to €180,000
- Trade debts +€19,312
up €19,312 (+5,459%), from €354 to €19,666
- Reserves +€13,464
up €13,464 (+17.8%), from €75,841 to €89,304
- Tax, wage and social debts +€5,468
up €5,468 (+3,467%), from €158 to €5,626
- Gross operating margin +€20,446
up €20,446 (+696%), from €2,938 to €23,384
- Taxes +€5,468
up €5,468 (+3,467%), from €158 to €5,626
- Other operating charges +€795
up €795 (+1,282%), from €62 to €857
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 | €176,352 | €294,596 | +€118,244 | +67.1% |
| Formation expenses | 20 | €6,769 | €3,406 | -€3,362 | -49.7% |
| Fixed assets | 21/28 | €163,600 | €224,950 | +€61,350 | +37.5% |
| Financial fixed assets | 28 | €163,600 | €224,950 | +€61,350 | +37.5% |
| Current assets | 29/58 | €5,984 | €66,240 | +€60,256 | +1,007% |
| Cash at bank and in hand | 54/58 | €4,862 | €65,370 | +€60,508 | +1,245% |
| Deferred charges and accrued income | 490/1 | €1,122 | €870 | -€252 | -22.4% |
| Total equity and liabilities | 10/49 | €176,352 | €294,596 | +€118,244 | +67.1% |
| Equity | 10/15 | €175,841 | €269,304 | +€93,464 | +53.2% |
| Contributions | 10/11 | €100,000 | €180,000 | +€80,000 | +80.0% |
| Reserves | 13 | €75,841 | €89,304 | +€13,464 | +17.8% |
| Distributable reserves | 133 | €75,841 | €89,304 | +€13,464 | +17.8% |
| Amounts payable | 17/49 | €511 | €25,292 | +€24,781 | +4,845% |
| Amounts payable within one year | 42/48 | €511 | €25,292 | +€24,781 | +4,845% |
| Trade debts | 44 | €354 | €19,666 | +€19,312 | +5,459% |
| Suppliers | 440/4 | €354 | €19,666 | +€19,312 | +5,459% |
| Taxes, remuneration and social security | 45 | €158 | €5,626 | +€5,468 | +3,467% |
| Taxes | 450/3 | €158 | €5,626 | +€5,468 | +3,467% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,362 | €3,362 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €857 | +€795 | +1,282% |
| Gross operating margin | 9900 | €2,938 | €23,384 | +€20,446 | +696% |
| Operating profit (loss) | 9901 | -€487 | €19,165 | +€19,651 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€560 | €19,090 | +€19,650 | |
| Income taxes | 67/77 | €158 | €5,626 | +€5,468 | +3,467% |
| Profit (loss) for the period | 9904 | -€718 | €13,464 | +€14,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€718 | €13,464 | +€14,181 |
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 17 October 2026 via checked.be.