ANGOPHAR: 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.
ANGOPHAR
Largest movements
- Cash +€71,809
up €71,809 (+48.9%), from €146,997 to €218,806
mainly Net result for the year (+€136,623) and Other debts (+€53,553)
- Tangible fixed assets -€35,552
down €35,552 (-11.1%), from €321,587 to €286,035
of which Other tangible fixed assets: -€22,099
- Stocks and contracts +€24,233
up €24,233 (+12.1%), from €200,324 to €224,557
- Other debts +€53,553
up €53,553 (+43.3%), from €123,594 to €177,147
- Debts after one year -€37,960
down €37,960 (-16.3%), from €233,551 to €195,591
- Profit (loss) carried forward +€36,623
up €36,623 (+37.2%), from €98,320 to €134,943
- Trade debts +€29,889
up €29,889 (+29.4%), from €101,612 to €131,501
- Current portion of long-term debt -€13,282
down €13,282 (-24.3%), from €54,674 to €41,392
- Gross operating margin +€30,763
up €30,763 (+12.1%), from €255,130 to €285,892
- Financial income +€27,948
up €27,948 (+942.1%), from €2,966 to €30,915
of which Financial income: +€27,281
- Staff costs +€25,966
up €25,966 (+28.8%), from €90,299 to €116,266
- Depreciation -€9,206
down €9,206 (-17.2%), from €53,481 to €44,274
- Financial charges +€3,995
up €3,995 (+50.6%), from €7,895 to €11,890
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.
Cash bridge derived
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 | €1,180,893 | €1,258,597 | +€77,704 | +6.6% |
| Fixed assets | 21/28 | €321,587 | €286,035 | -€35,552 | -11.1% |
| Tangible fixed assets | 22/27 | €321,587 | €286,035 | -€35,552 | -11.1% |
| Land and buildings | 22 | €1,341 | €827 | -€514 | -38.3% |
| Plant, machinery and equipment | 23 | €66,504 | €54,402 | -€12,101 | -18.2% |
| Furniture and vehicles | 24 | €1,450 | €613 | -€837 | -57.8% |
| Other tangible fixed assets | 26 | €252,293 | €230,193 | -€22,099 | -8.8% |
| Current assets | 29/58 | €859,306 | €972,562 | +€113,256 | +13.2% |
| Stocks and contracts in progress | 3 | €200,324 | €224,557 | +€24,233 | +12.1% |
| Stocks | 30/36 | €200,324 | €224,557 | +€24,233 | +12.1% |
| Amounts receivable within one year | 40/41 | €220,006 | €232,106 | +€12,099 | +5.5% |
| Trade receivables | 40 | €190,458 | €229,397 | +€38,939 | +20.4% |
| Other amounts receivable | 41 | €29,548 | €2,709 | -€26,839 | -90.8% |
| Current investments | 50/53 | €280,853 | €289,752 | +€8,899 | +3.2% |
| Cash at bank and in hand | 54/58 | €146,997 | €218,806 | +€71,809 | +48.9% |
| Deferred charges and accrued income | 490/1 | €11,126 | €7,341 | -€3,784 | -34.0% |
| Total equity and liabilities | 10/49 | €1,180,893 | €1,258,597 | +€77,704 | +6.6% |
| Equity | 10/15 | €644,687 | €681,310 | +€36,623 | +5.7% |
| Contributions | 10/11 | €326,600 | €326,600 | = | 0.0% |
| Capital | 10 | €326,600 | €326,600 | = | 0.0% |
| Issued capital | 100 | €326,600 | €326,600 | = | 0.0% |
| Reserves | 13 | €219,767 | €219,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,660 | €32,660 | = | 0.0% |
| Legal reserve | 130 | €32,660 | €32,660 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,628 | €14,628 | = | 0.0% |
| Distributable reserves | 133 | €172,479 | €172,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,320 | €134,943 | +€36,623 | +37.2% |
| Amounts payable | 17/49 | €536,206 | €577,287 | +€41,081 | +7.7% |
| Amounts payable after more than one year | 17 | €233,551 | €195,591 | -€37,960 | -16.3% |
| Financial debts | 170/4 | €233,551 | €195,591 | -€37,960 | -16.3% |
| Amounts payable within one year | 42/48 | €302,520 | €380,990 | +€78,470 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €54,674 | €41,392 | -€13,282 | -24.3% |
| Trade debts | 44 | €101,612 | €131,501 | +€29,889 | +29.4% |
| Suppliers | 440/4 | €101,612 | €131,501 | +€29,889 | +29.4% |
| Taxes, remuneration and social security | 45 | €22,640 | €30,949 | +€8,310 | +36.7% |
| Taxes | 450/3 | €9,167 | €10,119 | +€952 | +10.4% |
| Remuneration and social security | 454/9 | €13,472 | €20,831 | +€7,358 | +54.6% |
| Other amounts payable | 47/48 | €123,594 | €177,147 | +€53,553 | +43.3% |
| Accrued charges and deferred income | 492/3 | €135 | €706 | +€571 | +422.9% |
| Non-recurring operating income | 76A | - | €5,762 | +€5,762 | |
| Remuneration, social security and pensions | 62 | €90,299 | €116,266 | +€25,966 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,481 | €44,274 | -€9,206 | -17.2% |
| Other operating charges | 640/8 | €1,495 | €1,707 | +€211 | +14.1% |
| Gross operating margin | 9900 | €255,130 | €285,892 | +€30,763 | +12.1% |
| Operating profit (loss) | 9901 | €109,854 | €123,646 | +€13,791 | +12.6% |
| Financial income | 75/76B | €2,966 | €30,915 | +€27,948 | +942.1% |
| Recurring financial income | 75 | €1,594 | €28,875 | +€27,281 | +1711.2% |
| Non-recurring financial income | 76B | €1,372 | €2,040 | +€668 | +48.7% |
| Financial charges | 65/66B | €7,895 | €11,890 | +€3,995 | +50.6% |
| Recurring financial charges | 65 | €7,895 | €11,890 | +€3,995 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €104,925 | €142,671 | +€37,745 | +36.0% |
| Income taxes | 67/77 | €6,654 | €6,048 | -€607 | -9.1% |
| Profit (loss) for the period | 9904 | €98,271 | €136,623 | +€38,352 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,271 | €136,623 | +€38,352 | +39.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.