ANGIOCARD: 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.
ANGIOCARD
Largest movements
- Tangible fixed assets -€23,854
down €23,854 (-54.0%), from €44,170 to €20,316
of which Plant, machinery and equipment: -€13,287
- Receivables within one year +€9,671
up €9,671 (+92.7%), from €10,432 to €20,103
- Cash +€6,297
up €6,297 (+8.1%), from €78,128 to €84,425
mainly Net result for the year (+€22,525) and Investment in fixed assets (net) (+€12,899)
- Deferred charges and accrued income +€1,916
up €1,916 (+18.8%), from €10,182 to €12,098
- Debts after one year -€19,111
no longer reported in 2025 (was €19,111)
- Other debts +€12,150
up €12,150 (+2125.3%), from €572 to €12,722
- Current portion of long-term debt -€5,645
down €5,645 (-37.7%), from €14,982 to €9,337
- Reserves +€4,351
up €4,351 (+4.7%), from €92,676 to €97,027
- Tax, wage and social debts +€2,286
up €2,286 (+72.2%), from €3,166 to €5,452
- Gross operating margin -€18,393
down €18,393 (-29.9%), from €61,480 to €43,087
- Taxes -€6,522
down €6,522 (-43.7%), from €14,937 to €8,414
- Depreciation -€4,000
down €4,000 (-26.7%), from €14,955 to €10,955
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 | €142,912 | €136,943 | -€5,969 | -4.2% |
| Fixed assets | 21/28 | €44,170 | €20,316 | -€23,854 | -54.0% |
| Tangible fixed assets | 22/27 | €44,170 | €20,316 | -€23,854 | -54.0% |
| Plant, machinery and equipment | 23 | €14,028 | €741 | -€13,287 | -94.7% |
| Furniture and vehicles | 24 | €30,142 | €19,575 | -€10,567 | -35.1% |
| Current assets | 29/58 | €98,742 | €116,626 | +€17,885 | +18.1% |
| Amounts receivable within one year | 40/41 | €10,432 | €20,103 | +€9,671 | +92.7% |
| Other amounts receivable | 41 | €10,432 | €20,103 | +€9,671 | +92.7% |
| Cash at bank and in hand | 54/58 | €78,128 | €84,425 | +€6,297 | +8.1% |
| Deferred charges and accrued income | 490/1 | €10,182 | €12,098 | +€1,916 | +18.8% |
| Total equity and liabilities | 10/49 | €142,912 | €136,943 | -€5,969 | -4.2% |
| Equity | 10/15 | €105,081 | €109,432 | +€4,351 | +4.1% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €92,676 | €97,027 | +€4,351 | +4.7% |
| Distributable reserves | 133 | €92,676 | €97,027 | +€4,351 | +4.7% |
| Amounts payable | 17/49 | €37,830 | €27,510 | -€10,320 | -27.3% |
| Amounts payable after more than one year | 17 | €19,111 | - | -€19,111 | |
| Financial debts | 170/4 | €19,111 | - | -€19,111 | |
| Amounts payable within one year | 42/48 | €18,720 | €27,510 | +€8,790 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €14,982 | €9,337 | -€5,645 | -37.7% |
| Taxes, remuneration and social security | 45 | €3,166 | €5,452 | +€2,286 | +72.2% |
| Taxes | 450/3 | €3,166 | €5,452 | +€2,286 | +72.2% |
| Other amounts payable | 47/48 | €572 | €12,722 | +€12,150 | +2125.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,955 | €10,955 | -€4,000 | -26.7% |
| Other operating charges | 640/8 | €673 | €812 | +€139 | +20.7% |
| Non-recurring operating charges | 66A | - | €899 | +€899 | |
| Gross operating margin | 9900 | €61,480 | €43,087 | -€18,393 | -29.9% |
| Operating profit (loss) | 9901 | €45,852 | €30,421 | -€15,431 | -33.7% |
| Financial income | 75/76B | €1,228 | €1,211 | -€17 | -1.4% |
| Recurring financial income | 75 | €1,228 | €1,211 | -€17 | -1.4% |
| Financial charges | 65/66B | €1,050 | €693 | -€357 | -34.0% |
| Recurring financial charges | 65 | €1,050 | €693 | -€357 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €46,031 | €30,939 | -€15,092 | -32.8% |
| Income taxes | 67/77 | €14,937 | €8,414 | -€6,522 | -43.7% |
| Profit (loss) for the period | 9904 | €31,094 | €22,525 | -€8,569 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,094 | €22,525 | -€8,569 | -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 3 October 2026 via checked.be.