ANGLE ENGINEERING: 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.
ANGLE ENGINEERING
Largest movements
- Cash -€84,747
down €84,747 (-59.8%), from €141,608 to €56,861
mainly Provisions (-€31,885) and Net result for the year (-€21,416)
- Tangible fixed assets +€11,015
up €11,015 (+29.5%), from €37,374 to €48,389
- Receivables within one year +€3,204
up €3,204 (+711%), from €451 to €3,655
of which Trade receivables: +€3,655
- Provisions -€31,885
down €31,885 (-70.0%), from €45,551 to €13,666
- Profit (loss) carried forward -€21,416
down €21,416, from €457 to -€20,959
- Contributions -€18,582
no longer reported in 2024 (was €18,582)
- Reserves +€18,582
up €18,582 (+27.1%), from €68,597 to €87,179
of which Distributable reserves: +€20,441
- Tax, wage and social debts -€10,439
down €10,439 (-98.2%), from €10,632 to €193
- Gross operating margin -€133,941
down €133,941, from €131,908 to -€2,033
- Financial income +€1,987
up €1,987 (+408%), from €488 to €2,475
- Taxes -€1,897
down €1,897 (-17.5%), from €10,859 to €8,962
- Other operating charges -€1,846
down €1,846 (-26.9%), from €6,862 to €5,016
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,840 | €109,135 | -€70,705 | -39.3% |
| Fixed assets | 21/28 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Tangible fixed assets | 22/27 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Land and buildings | 22 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Current assets | 29/58 | €142,465 | €60,745 | -€81,720 | -57.4% |
| Amounts receivable within one year | 40/41 | €451 | €3,655 | +€3,204 | +711% |
| Trade receivables | 40 | - | €3,655 | +€3,655 | |
| Other amounts receivable | 41 | €451 | - | -€451 | |
| Cash at bank and in hand | 54/58 | €141,608 | €56,861 | -€84,747 | -59.8% |
| Deferred charges and accrued income | 490/1 | €407 | €230 | -€177 | -43.6% |
| Total equity and liabilities | 10/49 | €179,840 | €109,135 | -€70,705 | -39.3% |
| Equity | 10/15 | €91,300 | €69,412 | -€21,888 | -24.0% |
| Contributions | 10/11 | €18,582 | - | -€18,582 | |
| Reserves | 13 | €68,597 | €87,179 | +€18,582 | +27.1% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €2,438 | €2,438 | = | 0.0% |
| Distributable reserves | 133 | €64,300 | €84,741 | +€20,441 | +31.8% |
| Profit (loss) carried forward | 14 | €457 | -€20,959 | -€21,416 | |
| Investment grants | 15 | €3,664 | €3,192 | -€472 | -12.9% |
| Provisions and deferred taxes | 16 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Provisions for liabilities and charges | 160/5 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Pensions and similar obligations | 160 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Amounts payable | 17/49 | €42,989 | €26,057 | -€16,932 | -39.4% |
| Amounts payable after more than one year | 17 | €24,821 | €18,052 | -€6,769 | -27.3% |
| Financial debts | 170/4 | €20,651 | €17,497 | -€3,154 | -15.3% |
| Other amounts payable | 178/9 | €4,170 | €555 | -€3,615 | -86.7% |
| Amounts payable within one year | 42/48 | €18,168 | €8,005 | -€10,163 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €3,100 | €3,154 | +€55 | +1.8% |
| Trade debts | 44 | €4,436 | €4,658 | +€222 | +5.0% |
| Suppliers | 440/4 | €4,436 | €4,658 | +€222 | +5.0% |
| Taxes, remuneration and social security | 45 | €10,632 | €193 | -€10,439 | -98.2% |
| Taxes | 450/3 | €10,632 | €193 | -€10,439 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,465 | €6,759 | +€294 | +4.5% |
| Other operating charges | 640/8 | €6,862 | €5,016 | -€1,846 | -26.9% |
| Non-recurring operating charges | 66A | €424 | - | -€424 | |
| Gross operating margin | 9900 | €131,908 | -€2,033 | -€133,941 | |
| Operating profit (loss) | 9901 | €118,157 | -€13,808 | -€131,965 | |
| Financial income | 75/76B | €488 | €2,475 | +€1,987 | +408% |
| Recurring financial income | 75 | €488 | €2,475 | +€1,987 | +408% |
| Financial charges | 65/66B | €956 | €1,121 | +€165 | +17.3% |
| Recurring financial charges | 65 | €956 | €1,121 | +€165 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €117,689 | -€12,454 | -€130,143 | |
| Income taxes | 67/77 | €10,859 | €8,962 | -€1,897 | -17.5% |
| Profit (loss) for the period | 9904 | €106,830 | -€21,416 | -€128,246 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,830 | -€21,416 | -€128,246 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.