ANGIL: 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.
ANGIL
Largest movements
- Current investments -€449,993
no longer reported in 2025 (was €449,993)
- Tangible fixed assets -€268,705
down €268,705 (-75.6%), from €355,294 to €86,589
of which Land and buildings: -€252,196
- Cash +€234,123
up €234,123 (+482.0%), from €48,568 to €282,691
mainly Current investments (+€449,993) and Investment in fixed assets (net) (+€268,384)
- Contributions -€750,000
down €750,000 (-91.7%), from €818,049 to €68,049
- Reserves +€231,545
up €231,545 (+1218.9%), from €18,996 to €250,542
of which Distributable reserves: +€224,741
- Profit (loss) carried forward +€22,617
no longer reported in 2025 (was -€22,617)
- Tax, wage and social debts +€18,628
up €18,628 (+8555.1%), from €218 to €18,846
- Debts after one year -€11,703
down €11,703 (-31.4%), from €37,216 to €25,513
- Gross operating margin -€119,091
down €119,091 (-24.4%), from €488,506 to €369,415
- Taxes +€85,635
up €85,635 (+280.9%), from €30,485 to €116,120
- Depreciation -€36,368
down €36,368 (-99.1%), from €36,689 to €321
- Other operating charges -€17,005
down €17,005 (-78.3%), from €21,728 to €4,723
- Financial income +€6,692
up €6,692 (+751.4%), from €891 to €7,582
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 | €854,479 | €369,813 | -€484,666 | -56.7% |
| Fixed assets | 21/28 | €355,294 | €86,589 | -€268,705 | -75.6% |
| Tangible fixed assets | 22/27 | €355,294 | €86,589 | -€268,705 | -75.6% |
| Land and buildings | 22 | €338,786 | €86,589 | -€252,196 | -74.4% |
| Furniture and vehicles | 24 | €16,509 | - | -€16,509 | |
| Current assets | 29/58 | €499,184 | €283,224 | -€215,961 | -43.3% |
| Current investments | 50/53 | €449,993 | - | -€449,993 | |
| Cash at bank and in hand | 54/58 | €48,568 | €282,691 | +€234,123 | +482.0% |
| Deferred charges and accrued income | 490/1 | €623 | €533 | -€91 | -14.5% |
| Total equity and liabilities | 10/49 | €854,479 | €369,813 | -€484,666 | -56.7% |
| Equity | 10/15 | €814,427 | €318,590 | -€495,837 | -60.9% |
| Contributions | 10/11 | €818,049 | €68,049 | -€750,000 | -91.7% |
| Capital | 10 | €818,049 | €68,049 | -€750,000 | -91.7% |
| Issued capital | 100 | €818,049 | €68,049 | -€750,000 | -91.7% |
| Reserves | 13 | €18,996 | €250,542 | +€231,545 | +1218.9% |
| Non-distributable reserves | 130/1 | - | €6,805 | +€6,805 | |
| Legal reserve | 130 | - | €6,805 | +€6,805 | |
| Distributable reserves | 133 | €18,996 | €243,737 | +€224,741 | +1183.1% |
| Profit (loss) carried forward | 14 | -€22,617 | - | +€22,617 | |
| Amounts payable | 17/49 | €40,051 | €51,223 | +€11,171 | +27.9% |
| Amounts payable after more than one year | 17 | €37,216 | €25,513 | -€11,703 | -31.4% |
| Other amounts payable | 178/9 | €37,216 | €25,513 | -€11,703 | -31.4% |
| Amounts payable within one year | 42/48 | €2,836 | €25,710 | +€22,874 | +806.6% |
| Trade debts | 44 | €2,618 | €6,865 | +€4,246 | +162.2% |
| Suppliers | 440/4 | €2,618 | €6,865 | +€4,246 | +162.2% |
| Taxes, remuneration and social security | 45 | €218 | €18,846 | +€18,628 | +8555.1% |
| Taxes | 450/3 | €218 | €18,846 | +€18,628 | +8555.1% |
| Non-recurring operating income | 76A | €506,255 | €381,616 | -€124,639 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,689 | €321 | -€36,368 | -99.1% |
| Other operating charges | 640/8 | €21,728 | €4,723 | -€17,005 | -78.3% |
| Non-recurring operating charges | 66A | €49,579 | - | -€49,579 | |
| Gross operating margin | 9900 | €488,506 | €369,415 | -€119,091 | -24.4% |
| Operating profit (loss) | 9901 | €380,510 | €364,371 | -€16,139 | -4.2% |
| Financial income | 75/76B | €891 | €7,582 | +€6,692 | +751.4% |
| Recurring financial income | 75 | €891 | €7,582 | +€6,692 | +751.4% |
| Financial charges | 65/66B | €36 | €1,670 | +€1,634 | +4539.6% |
| Recurring financial charges | 65 | €36 | €1,670 | +€1,634 | +4539.6% |
| Profit (loss) for the period before taxes | 9903 | €381,365 | €370,283 | -€11,082 | -2.9% |
| Income taxes | 67/77 | €30,485 | €116,120 | +€85,635 | +280.9% |
| Profit (loss) for the period | 9904 | €350,880 | €254,163 | -€96,717 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €350,880 | €254,163 | -€96,717 | -27.6% |
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 29 September 2026 via checked.be.