ANGLO BELGE: 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.
What changed
ANGLO BELGE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€446,325
2024 · €766,063-€319,737
Equity
€3.6m
2024 · €3.2m+€446,325
Cash
€8,975
2024 · €24,022-€15,047
Balance sheet total
€10.0m
2024 · €9.1m+€883,772
Largest movements
Assets
- Receivables after one year +€434,030
up €434,030 (+94.7%), from €458,431 to €892,461
- Financial fixed assets +€428,152
up €428,152 (+5.2%), from €8.2m to €8.7m
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+208%), from €694,614 to €2.1m
- Debts after one year -€1.0m
down €1.0m (-28.3%), from €3.7m to €2.6m
of which Financial debts: -€1.0m
- Profit (loss) carried forward +€446,325
up €446,325 (+15.7%), from €2.8m to €3.3m
- Advances received -€135,000
down €135,000 (-87.1%), from €155,000 to €20,000
Income statement
- Financial income -€288,271
down €288,271 (-35.7%), from €807,636 to €519,366
- Gross operating margin -€16,242
down €16,242 (-12.0%), from €134,945 to €118,703
- Financial charges +€13,257
up €13,257 (+7.5%), from €175,923 to €189,180
- Other operating charges +€1,968
up €1,968 (+1,668%), from €118 to €2,086
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.
Result 2024
€766,063
Gross operating margin
-€16,242
Other operating charges
-€1,968
Financial income
-€288,271
Financial charges
-€13,257
Result 2025
€446,325
lowers the result
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.
From operations
+€1.4m
Investment
-€428,152
Financing
-€984,516
Cash 2024
€24,022
From operations (derived)
+€1.4m
Net result for the year
+€446,325
Depreciation
+€477
Receivables after one year
-€434,030
Receivables within one year
-€4,291
Deferred charges and accrued income
-€32,824
Trade debts
+€70,412
Tax, wage and social debts
-€33,759
Advances received
-€135,000
Other debts
+€1.4m
Accrued charges and deferred income
+€72,707
Investment (derived)
-€428,152
Investment in fixed assets (net)
-€428,152
Financing
-€984,516
Debts after one year
-€1.0m
Current portion of long-term debt
+€60,509
Cash 2025
€8,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,099,100 | €9,982,871 | +€883,772 | +9.7% |
| Fixed assets | 21/28 | €8,249,210 | €8,676,885 | +€427,674 | +5.2% |
| Tangible fixed assets | 22/27 | €940 | €463 | -€477 | -50.8% |
| Furniture and vehicles | 24 | €940 | €463 | -€477 | -50.8% |
| Financial fixed assets | 28 | €8,248,270 | €8,676,422 | +€428,152 | +5.2% |
| Current assets | 29/58 | €849,889 | €1,305,987 | +€456,098 | +53.7% |
| Amounts receivable after more than one year | 29 | €458,431 | €892,461 | +€434,030 | +94.7% |
| Other amounts receivable | 291 | €458,431 | €892,461 | +€434,030 | +94.7% |
| Amounts receivable within one year | 40/41 | €341,931 | €346,221 | +€4,291 | +1.3% |
| Trade receivables | 40 | €4,087 | - | -€4,087 | |
| Other amounts receivable | 41 | €337,843 | €346,221 | +€8,378 | +2.5% |
| Cash at bank and in hand | 54/58 | €24,022 | €8,975 | -€15,047 | -62.6% |
| Deferred charges and accrued income | 490/1 | €25,506 | €58,330 | +€32,824 | +129% |
| Total equity and liabilities | 10/49 | €9,099,100 | €9,982,871 | +€883,772 | +9.7% |
| Equity | 10/15 | €3,187,261 | €3,633,586 | +€446,325 | +14.0% |
| Contributions | 10/11 | €137,821 | €137,821 | = | 0.0% |
| Capital | 10 | €137,821 | €137,821 | = | 0.0% |
| Issued capital | 100 | €137,821 | €137,821 | = | 0.0% |
| Reserves | 13 | €199,707 | €199,707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,396 | €55,396 | = | 0.0% |
| Legal reserve | 130 | €46,712 | €46,712 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,685 | €8,685 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,311 | €84,311 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,849,733 | €3,296,058 | +€446,325 | +15.7% |
| Amounts payable | 17/49 | €5,911,838 | €6,349,285 | +€437,447 | +7.4% |
| Amounts payable after more than one year | 17 | €3,694,337 | €2,649,312 | -€1.0m | -28.3% |
| Financial debts | 170/4 | €3,020,337 | €1,975,312 | -€1.0m | -34.6% |
| Other amounts payable | 178/9 | €674,000 | €674,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,112,939 | €3,522,704 | +€1.4m | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €1,188,159 | €1,248,668 | +€60,509 | +5.1% |
| Trade debts | 44 | €40,724 | €111,136 | +€70,412 | +173% |
| Suppliers | 440/4 | €40,724 | €111,136 | +€70,412 | +173% |
| Advances received on contracts in progress | 46 | €155,000 | €20,000 | -€135,000 | -87.1% |
| Taxes, remuneration and social security | 45 | €34,442 | €683 | -€33,759 | -98.0% |
| Taxes | 450/3 | €13,630 | €683 | -€12,947 | -95.0% |
| Remuneration and social security | 454/9 | €20,812 | - | -€20,812 | |
| Other amounts payable | 47/48 | €694,614 | €2,142,217 | +€1.4m | +208% |
| Accrued charges and deferred income | 492/3 | €104,562 | €177,269 | +€72,707 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €477 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €2,086 | +€1,968 | +1,668% |
| Gross operating margin | 9900 | €134,945 | €118,703 | -€16,242 | -12.0% |
| Operating profit (loss) | 9901 | €134,350 | €116,140 | -€18,210 | -13.6% |
| Financial income | 75/76B | €807,636 | €519,366 | -€288,271 | -35.7% |
| Recurring financial income | 75 | €807,636 | €519,366 | -€288,271 | -35.7% |
| Financial charges | 65/66B | €175,923 | €189,180 | +€13,257 | +7.5% |
| Recurring financial charges | 65 | €175,923 | €189,180 | +€13,257 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €766,063 | €446,325 | -€319,737 | -41.7% |
| Profit (loss) for the period | 9904 | €766,063 | €446,325 | -€319,737 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €766,063 | €446,325 | -€319,737 | -41.7% |
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 23 October 2026 via checked.be.