ANGKORA: 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.
ANGKORA
Largest movements
- Tangible fixed assets -€9,575
down €9,575 (-28.1%), from €34,051 to €24,475
of which Furniture and vehicles: -€8,924
- Cash +€8,759
up €8,759 (+27.0%), from €32,442 to €41,201
mainly Net result for the year (+€16,668) and Depreciation (+€10,146)
- Receivables within one year -€2,501
down €2,501 (-24.5%), from €10,201 to €7,700
- Deferred charges and accrued income -€1,228
down €1,228 (-66.0%), from €1,861 to €633
- Stocks and contracts -€1,151
down €1,151 (-100.0%), from €1,151 to €0
- Trade debts -€20,307
down €20,307 (-76.0%), from €26,715 to €6,408
- Reserves +€16,668
up €16,668 (+47.2%), from €35,298 to €51,966
- Tax, wage and social debts -€2,690
down €2,690 (-32.0%), from €8,397 to €5,707
of which Taxes: -€1,490
- Turnover -€81,525
no longer reported in 2025 (was €81,525)
- Purchases and services -€52,178
no longer reported in 2025 (was €52,178)
- Taxes +€2,337
up €2,337 (+36.0%), from €6,501 to €8,839
- Depreciation -€895
down €895 (-8.1%), from €11,040 to €10,146
- Gross operating margin +€883
up €883 (+2.4%), from €36,238 to €37,121
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 | €79,980 | €74,010 | -€5,970 | -7.5% |
| Fixed assets | 21/28 | €34,326 | €24,475 | -€9,850 | -28.7% |
| Tangible fixed assets | 22/27 | €34,051 | €24,475 | -€9,575 | -28.1% |
| Plant, machinery and equipment | 23 | €8,234 | €7,583 | -€651 | -7.9% |
| Furniture and vehicles | 24 | €25,817 | €16,893 | -€8,924 | -34.6% |
| Financial fixed assets | 28 | €275 | €0 | -€275 | -100.0% |
| Current assets | 29/58 | €45,654 | €49,534 | +€3,880 | +8.5% |
| Stocks and contracts in progress | 3 | €1,151 | €0 | -€1,151 | -100.0% |
| Stocks | 30/36 | €1,151 | €0 | -€1,151 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,201 | €7,700 | -€2,501 | -24.5% |
| Trade receivables | 40 | €10,201 | €7,700 | -€2,501 | -24.5% |
| Cash at bank and in hand | 54/58 | €32,442 | €41,201 | +€8,759 | +27.0% |
| Deferred charges and accrued income | 490/1 | €1,861 | €633 | -€1,228 | -66.0% |
| Total equity and liabilities | 10/49 | €79,980 | €74,010 | -€5,970 | -7.5% |
| Equity | 10/15 | €38,298 | €54,966 | +€16,668 | +43.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,298 | €51,966 | +€16,668 | +47.2% |
| Distributable reserves | 133 | €35,298 | €51,966 | +€16,668 | +47.2% |
| Amounts payable | 17/49 | €41,683 | €19,044 | -€22,639 | -54.3% |
| Amounts payable within one year | 42/48 | €41,683 | €19,044 | -€22,639 | -54.3% |
| Trade debts | 44 | €26,715 | €6,408 | -€20,307 | -76.0% |
| Suppliers | 440/4 | €26,715 | €6,408 | -€20,307 | -76.0% |
| Taxes, remuneration and social security | 45 | €8,397 | €5,707 | -€2,690 | -32.0% |
| Taxes | 450/3 | €7,197 | €5,707 | -€1,490 | -20.7% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100.0% |
| Other amounts payable | 47/48 | €6,570 | €6,929 | +€358 | +5.5% |
| Turnover | 70 | €81,525 | - | -€81,525 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,178 | - | -€52,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,040 | €10,146 | -€895 | -8.1% |
| Other operating charges | 640/8 | €2,017 | €1,344 | -€673 | -33.4% |
| Gross operating margin | 9900 | €36,238 | €37,121 | +€883 | +2.4% |
| Operating profit (loss) | 9901 | €23,181 | €25,631 | +€2,450 | +10.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €133 | €125 | -€8 | -5.8% |
| Recurring financial charges | 65 | €133 | €125 | -€8 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €23,048 | €25,507 | +€2,459 | +10.7% |
| Income taxes | 67/77 | €6,501 | €8,839 | +€2,337 | +36.0% |
| Profit (loss) for the period | 9904 | €16,547 | €16,668 | +€121 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,547 | €16,668 | +€121 | +0.7% |
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 2 October 2026 via checked.be.