Angie: 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.
Angie
Largest movements
- Intangible fixed assets -€234,487
down €234,487 (-34.9%), from €672,775 to €438,288
- Receivables within one year -€35,544
down €35,544 (-99.1%), from €35,861 to €317
of which Trade receivables: -€32,861
- Cash -€13,075
down €13,075 (-80.3%), from €16,277 to €3,202
mainly Contributions, distributions and other (-€197,680) and Trade debts (-€66,701)
- Investment grants -€197,680
down €197,680 (-31.4%), from €630,448 to €432,768
- Trade debts -€66,701
down €66,701 (-92.7%), from €71,966 to €5,265
- Tax, wage and social debts -€15,213
no longer reported in 2025 (was €15,213)
of which Remuneration and social security: -€10,189
- Gross operating margin -€132,143
down €132,143 (-36.0%), from €366,907 to €234,764
- Staff costs -€71,301
down €71,301 (-88.2%), from €80,847 to €9,546
- Depreciation -€15,343
down €15,343 (-6.1%), from €250,053 to €234,710
- Financial income +€12,757
up €12,757 (+3,448%), from €370 to €13,127
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 | €725,135 | €441,806 | -€283,329 | -39.1% |
| Fixed assets | 21/28 | €672,998 | €438,288 | -€234,710 | -34.9% |
| Intangible fixed assets | 21 | €672,775 | €438,288 | -€234,487 | -34.9% |
| Tangible fixed assets | 22/27 | €223 | - | -€223 | |
| Furniture and vehicles | 24 | €223 | - | -€223 | |
| Current assets | 29/58 | €52,137 | €3,518 | -€48,619 | -93.3% |
| Amounts receivable within one year | 40/41 | €35,861 | €317 | -€35,544 | -99.1% |
| Trade receivables | 40 | €32,861 | - | -€32,861 | |
| Other amounts receivable | 41 | €3,000 | €317 | -€2,683 | -89.4% |
| Cash at bank and in hand | 54/58 | €16,277 | €3,202 | -€13,075 | -80.3% |
| Total equity and liabilities | 10/49 | €725,135 | €441,806 | -€283,329 | -39.1% |
| Equity | 10/15 | €621,999 | €424,683 | -€197,316 | -31.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,649 | -€14,285 | +€364 | +2.5% |
| Investment grants | 15 | €630,448 | €432,768 | -€197,680 | -31.4% |
| Amounts payable | 17/49 | €103,136 | €17,123 | -€86,013 | -83.4% |
| Amounts payable within one year | 42/48 | €103,136 | €17,123 | -€86,013 | -83.4% |
| Trade debts | 44 | €71,966 | €5,265 | -€66,701 | -92.7% |
| Suppliers | 440/4 | €71,966 | €5,265 | -€66,701 | -92.7% |
| Taxes, remuneration and social security | 45 | €15,213 | - | -€15,213 | |
| Taxes | 450/3 | €5,024 | - | -€5,024 | |
| Remuneration and social security | 454/9 | €10,189 | - | -€10,189 | |
| Other amounts payable | 47/48 | €15,957 | €11,858 | -€4,099 | -25.7% |
| Remuneration, social security and pensions | 62 | €80,847 | €9,546 | -€71,301 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,053 | €234,710 | -€15,343 | -6.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €366,907 | €234,764 | -€132,143 | -36.0% |
| Operating profit (loss) | 9901 | €35,623 | -€9,879 | -€45,502 | |
| Financial income | 75/76B | €370 | €13,127 | +€12,757 | +3,448% |
| Recurring financial income | 75 | €370 | €13,127 | +€12,757 | +3,448% |
| Financial charges | 65/66B | €2,564 | €145 | -€2,420 | -94.4% |
| Recurring financial charges | 65 | €2,564 | €145 | -€2,420 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | €33,429 | €3,104 | -€30,325 | -90.7% |
| Income taxes | 67/77 | - | €2,740 | +€2,740 | |
| Profit (loss) for the period | 9904 | €33,429 | €364 | -€33,065 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,429 | €364 | -€33,065 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.