ANGGELO CONSTRUCT: 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.
ANGGELO CONSTRUCT
Largest movements
- Receivables within one year +€15,721
up €15,721 (+158.6%), from €9,912 to €25,632
of which Trade receivables: +€20,163
- Cash +€14,385
up €14,385 (+912.8%), from €1,576 to €15,961
mainly Trade debts (+€15,925) and Net result for the year (+€14,754)
- Tangible fixed assets +€1,928
new in 2025: €1,928
- Trade debts +€15,925
up €15,925 (+111.7%), from €14,252 to €30,177
- Profit (loss) carried forward +€14,754
up €14,754, from -€8,291 to €6,463
- Tax, wage and social debts +€1,841
up €1,841 (+5105.9%), from €36 to €1,877
- Other debts -€476
down €476 (-8.7%), from €5,490 to €5,014
- Gross operating margin +€25,939
up €25,939, from -€7,008 to €18,932
- Taxes +€1,688
new in 2025: €1,688
- Other operating charges +€534
new in 2025: €534
- Depreciation -€307
down €307 (-24.2%), from €1,272 to €964
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 | €11,488 | €43,532 | +€32,044 | +278.9% |
| Fixed assets | 21/28 | - | €1,928 | +€1,928 | |
| Tangible fixed assets | 22/27 | - | €1,928 | +€1,928 | |
| Furniture and vehicles | 24 | - | €1,928 | +€1,928 | |
| Current assets | 29/58 | €11,488 | €41,603 | +€30,115 | +262.2% |
| Amounts receivable within one year | 40/41 | €9,912 | €25,632 | +€15,721 | +158.6% |
| Trade receivables | 40 | €5,469 | €25,632 | +€20,163 | +368.7% |
| Other amounts receivable | 41 | €4,443 | - | -€4,443 | |
| Cash at bank and in hand | 54/58 | €1,576 | €15,961 | +€14,385 | +912.8% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €11,488 | €43,532 | +€32,044 | +278.9% |
| Equity | 10/15 | -€8,291 | €6,463 | +€14,754 | |
| Profit (loss) carried forward | 14 | -€8,291 | €6,463 | +€14,754 | |
| Amounts payable | 17/49 | €19,779 | €37,069 | +€17,290 | +87.4% |
| Amounts payable within one year | 42/48 | €19,779 | €37,069 | +€17,290 | +87.4% |
| Trade debts | 44 | €14,252 | €30,177 | +€15,925 | +111.7% |
| Suppliers | 440/4 | €14,252 | €30,177 | +€15,925 | +111.7% |
| Taxes, remuneration and social security | 45 | €36 | €1,877 | +€1,841 | +5105.9% |
| Taxes | 450/3 | €36 | €1,877 | +€1,841 | +5105.9% |
| Other amounts payable | 47/48 | €5,490 | €5,014 | -€476 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €964 | -€307 | -24.2% |
| Other operating charges | 640/8 | - | €534 | +€534 | |
| Non-recurring operating charges | 66A | - | €835 | +€835 | |
| Gross operating margin | 9900 | -€7,008 | €18,932 | +€25,939 | |
| Operating profit (loss) | 9901 | -€8,279 | €16,599 | +€24,878 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €12 | €158 | +€146 | +1248.7% |
| Recurring financial charges | 65 | €12 | €158 | +€146 | +1248.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,291 | €16,442 | +€24,733 | |
| Income taxes | 67/77 | - | €1,688 | +€1,688 | |
| Profit (loss) for the period | 9904 | -€8,291 | €14,754 | +€23,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,291 | €14,754 | +€23,045 |
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 30 September 2026 via checked.be.