ANGIMO: 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.
ANGIMO
Largest movements
- Cash +€48,200
up €48,200 (+27.5%), from €175,583 to €223,783
mainly Net result for the year (+€59,112) and Current portion of long-term debt (+€8,468)
- Receivables within one year +€12,751
up €12,751 (+382.9%), from €3,330 to €16,081
- Reserves +€59,112
up €59,112 (+12.1%), from €487,659 to €546,771
of which Distributable reserves: +€59,112
- Current portion of long-term debt +€8,468
new in 2025: €8,468
- Gross operating margin -€33,871
down €33,871 (-29.7%), from €114,183 to €80,313
- Taxes -€13,873
down €13,873 (-45.0%), from €30,838 to €16,965
- Other operating charges +€3,714
up €3,714 (+39.7%), from €9,349 to €13,063
- Financial income +€1,434
up €1,434 (+9.7%), from €14,807 to €16,242
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 | €555,716 | €620,594 | +€64,878 | +11.7% |
| Fixed assets | 21/28 | €79,543 | €82,123 | +€2,580 | +3.2% |
| Tangible fixed assets | 22/27 | €79,543 | €82,123 | +€2,580 | +3.2% |
| Land and buildings | 22 | €74,368 | €82,123 | +€7,755 | +10.4% |
| Furniture and vehicles | 24 | €5,175 | - | -€5,175 | |
| Current assets | 29/58 | €476,173 | €538,471 | +€62,299 | +13.1% |
| Amounts receivable within one year | 40/41 | €3,330 | €16,081 | +€12,751 | +382.9% |
| Other amounts receivable | 41 | €3,330 | €16,081 | +€12,751 | +382.9% |
| Current investments | 50/53 | €297,259 | €298,472 | +€1,213 | +0.4% |
| Cash at bank and in hand | 54/58 | €175,583 | €223,783 | +€48,200 | +27.5% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €555,716 | €620,594 | +€64,878 | +11.7% |
| Equity | 10/15 | €552,659 | €611,771 | +€59,112 | +10.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €487,659 | €546,771 | +€59,112 | +12.1% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €481,159 | €540,271 | +€59,112 | +12.3% |
| Amounts payable | 17/49 | €3,057 | €8,823 | +€5,766 | +188.6% |
| Amounts payable within one year | 42/48 | €3,057 | €8,823 | +€5,766 | +188.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,468 | +€8,468 | |
| Trade debts | 44 | €1,432 | - | -€1,432 | |
| Suppliers | 440/4 | €1,432 | - | -€1,432 | |
| Other amounts payable | 47/48 | €1,626 | €355 | -€1,271 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,900 | €7,114 | +€214 | +3.1% |
| Other operating charges | 640/8 | €9,349 | €13,063 | +€3,714 | +39.7% |
| Gross operating margin | 9900 | €114,183 | €80,313 | -€33,871 | -29.7% |
| Operating profit (loss) | 9901 | €97,934 | €60,135 | -€37,799 | -38.6% |
| Financial income | 75/76B | €14,807 | €16,242 | +€1,434 | +9.7% |
| Recurring financial income | 75 | €14,807 | €16,242 | +€1,434 | +9.7% |
| Financial charges | 65/66B | €370 | €300 | -€70 | -19.0% |
| Recurring financial charges | 65 | €370 | €300 | -€70 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €112,371 | €76,077 | -€36,294 | -32.3% |
| Income taxes | 67/77 | €30,838 | €16,965 | -€13,873 | -45.0% |
| Profit (loss) for the period | 9904 | €81,533 | €59,112 | -€22,421 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,533 | €59,112 | -€22,421 | -27.5% |
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 7 October 2026 via checked.be.