ANGEORING: 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.
ANGEORING
Largest movements
- Tangible fixed assets +€17,312
up €17,312 (+682.6%), from €2,536 to €19,848
of which Plant, machinery and equipment: +€17,827
- Cash +€7,717
up €7,717 (+77.6%), from €9,947 to €17,664
mainly Net result for the year (+€20,686) and Tax, wage and social debts (+€13,983)
- Receivables within one year +€3,816
up €3,816 (+24.4%), from €15,609 to €19,425
- Deferred charges and accrued income -€797
down €797 (-87.8%), from €908 to €111
- Reserves +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€13,983
up €13,983 (+262.4%), from €5,329 to €19,312
- Other debts -€5,570
down €5,570 (-32.0%), from €17,380 to €11,810
- Trade debts -€1,051
down €1,051 (-84.8%), from €1,240 to €189
- Profit (loss) carried forward +€686
up €686 (+22.5%), from €3,051 to €3,737
- Gross operating margin +€35,217
up €35,217 (+877.8%), from €4,012 to €39,229
- Taxes +€9,817
up €9,817 (+1098.1%), from €894 to €10,711
- Depreciation +€6,519
new in 2025: €6,519
- Staff costs +€848
up €848 (+7066.7%), from €12 to €860
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 | €29,000 | €57,048 | +€28,048 | +96.7% |
| Fixed assets | 21/28 | €2,536 | €19,848 | +€17,312 | +682.6% |
| Tangible fixed assets | 22/27 | €2,536 | €19,848 | +€17,312 | +682.6% |
| Plant, machinery and equipment | 23 | €991 | €18,818 | +€17,827 | +1798.9% |
| Furniture and vehicles | 24 | €1,545 | €1,030 | -€515 | -33.3% |
| Current assets | 29/58 | €26,464 | €37,200 | +€10,736 | +40.6% |
| Amounts receivable within one year | 40/41 | €15,609 | €19,425 | +€3,816 | +24.4% |
| Trade receivables | 40 | €15,609 | €19,425 | +€3,816 | +24.4% |
| Cash at bank and in hand | 54/58 | €9,947 | €17,664 | +€7,717 | +77.6% |
| Deferred charges and accrued income | 490/1 | €908 | €111 | -€797 | -87.8% |
| Total equity and liabilities | 10/49 | €29,000 | €57,048 | +€28,048 | +96.7% |
| Equity | 10/15 | €5,051 | €25,737 | +€20,686 | +409.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €3,051 | €3,737 | +€686 | +22.5% |
| Amounts payable | 17/49 | €23,949 | €31,311 | +€7,362 | +30.7% |
| Amounts payable within one year | 42/48 | €23,949 | €31,311 | +€7,362 | +30.7% |
| Trade debts | 44 | €1,240 | €189 | -€1,051 | -84.8% |
| Suppliers | 440/4 | €1,240 | €189 | -€1,051 | -84.8% |
| Taxes, remuneration and social security | 45 | €5,329 | €19,312 | +€13,983 | +262.4% |
| Taxes | 450/3 | €5,329 | €19,312 | +€13,983 | +262.4% |
| Other amounts payable | 47/48 | €17,380 | €11,810 | -€5,570 | -32.0% |
| Remuneration, social security and pensions | 62 | €12 | €860 | +€848 | +7066.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,519 | +€6,519 | |
| Other operating charges | 640/8 | €11 | €319 | +€308 | +2800.0% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €4,012 | €39,229 | +€35,217 | +877.8% |
| Operating profit (loss) | 9901 | €3,989 | €31,468 | +€27,479 | +688.9% |
| Financial charges | 65/66B | €44 | €71 | +€27 | +61.4% |
| Recurring financial charges | 65 | €44 | €71 | +€27 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €3,945 | €31,397 | +€27,452 | +695.9% |
| Income taxes | 67/77 | €894 | €10,711 | +€9,817 | +1098.1% |
| Profit (loss) for the period | 9904 | €3,051 | €20,686 | +€17,635 | +578.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,051 | €20,686 | +€17,635 | +578.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.