Angima Group: 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.
Angima Group
Largest movements
- Receivables within one year +€21,721
up €21,721 (+122%), from €17,809 to €39,530
of which Trade receivables: +€14,085
- Cash -€13,067
down €13,067 (-69.4%), from €18,831 to €5,764
mainly Investment in fixed assets (net) (-€25,968) and Receivables within one year (-€21,721)
- Tangible fixed assets +€7,032
up €7,032 (+14.1%), from €49,774 to €56,806
of which Furniture and vehicles: +€10,606
- Stocks and contracts +€6,502
new in 2025: €6,502
- Financial fixed assets +€5,400
new in 2025: €5,400
- Debts after one year +€12,537
up €12,537 (+49.9%), from €25,118 to €37,655
- Other debts +€5,491
up €5,491 (+27.7%), from €19,816 to €25,307
- Current portion of long-term debt +€4,497
up €4,497 (+72.2%), from €6,232 to €10,729
- Trade debts +€3,087
up €3,087 (+90.1%), from €3,427 to €6,514
- Short-term financial debts +€1,289
up €1,289, from €0 to €1,289
- Gross operating margin +€10,354
up €10,354 (+107%), from €9,679 to €20,033
- Depreciation +€5,889
up €5,889 (+77.0%), from €7,646 to €13,536
- Taxes +€2,221
up €2,221, from €0 to €2,221
- Financial charges +€2,054
up €2,054 (+259%), from €794 to €2,848
- Staff costs -€814
down €814 (-100%), from €814 to €0
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 | €87,068 | €115,255 | +€28,187 | +32.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €49,774 | €62,206 | +€12,432 | +25.0% |
| Tangible fixed assets | 22/27 | €49,774 | €56,806 | +€7,032 | +14.1% |
| Plant, machinery and equipment | 23 | €12,967 | €9,393 | -€3,575 | -27.6% |
| Furniture and vehicles | 24 | €36,807 | €47,413 | +€10,606 | +28.8% |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €37,294 | €53,050 | +€15,755 | +42.2% |
| Stocks and contracts in progress | 3 | - | €6,502 | +€6,502 | |
| Stocks | 30/36 | - | €6,502 | +€6,502 | |
| Amounts receivable within one year | 40/41 | €17,809 | €39,530 | +€21,721 | +122% |
| Trade receivables | 40 | €17,291 | €31,375 | +€14,085 | +81.5% |
| Other amounts receivable | 41 | €518 | €8,155 | +€7,636 | +1,473% |
| Cash at bank and in hand | 54/58 | €18,831 | €5,764 | -€13,067 | -69.4% |
| Deferred charges and accrued income | 490/1 | €654 | €1,254 | +€600 | +91.8% |
| Total equity and liabilities | 10/49 | €87,068 | €115,255 | +€28,187 | +32.4% |
| Equity | 10/15 | €31,178 | €32,265 | +€1,086 | +3.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €25,178 | €26,265 | +€1,086 | +4.3% |
| Distributable reserves | 133 | €25,178 | €26,265 | +€1,086 | +4.3% |
| Amounts payable | 17/49 | €55,890 | €82,991 | +€27,101 | +48.5% |
| Amounts payable after more than one year | 17 | €25,118 | €37,655 | +€12,537 | +49.9% |
| Financial debts | 170/4 | €25,118 | €37,655 | +€12,537 | +49.9% |
| Amounts payable within one year | 42/48 | €29,902 | €44,896 | +€14,994 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €6,232 | €10,729 | +€4,497 | +72.2% |
| Financial debts | 43 | €0 | €1,289 | +€1,289 | |
| Credit institutions | 430/8 | €0 | €1,289 | +€1,289 | |
| Trade debts | 44 | €3,427 | €6,514 | +€3,087 | +90.1% |
| Suppliers | 440/4 | €3,427 | €6,514 | +€3,087 | +90.1% |
| Advances received on contracts in progress | 46 | - | €694 | +€694 | |
| Taxes, remuneration and social security | 45 | €427 | €363 | -€64 | -15.0% |
| Taxes | 450/3 | €427 | €363 | -€64 | -15.0% |
| Other amounts payable | 47/48 | €19,816 | €25,307 | +€5,491 | +27.7% |
| Accrued charges and deferred income | 492/3 | €870 | €440 | -€430 | -49.4% |
| Remuneration, social security and pensions | 62 | €814 | €0 | -€814 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,646 | €13,536 | +€5,889 | +77.0% |
| Other operating charges | 640/8 | €535 | €348 | -€187 | -35.0% |
| Gross operating margin | 9900 | €9,679 | €20,033 | +€10,354 | +107% |
| Operating profit (loss) | 9901 | €685 | €6,150 | +€5,465 | +798% |
| Financial income | 75/76B | €2 | €5 | +€3 | +169% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +169% |
| Financial charges | 65/66B | €794 | €2,848 | +€2,054 | +259% |
| Recurring financial charges | 65 | €794 | €2,848 | +€2,054 | +259% |
| Profit (loss) for the period before taxes | 9903 | -€108 | €3,307 | +€3,415 | |
| Income taxes | 67/77 | €0 | €2,221 | +€2,221 | |
| Profit (loss) for the period | 9904 | -€108 | €1,086 | +€1,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108 | €1,086 | +€1,194 |
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 13 October 2026 via checked.be.