ANGUMA: 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.
ANGUMA
Largest movements
- Current investments +€494,849
new in 2025: €494,849
- Tangible fixed assets -€399,238
down €399,238 (-74.4%), from €536,851 to €137,613
of which Land and buildings: -€400,635
- Cash +€393,941
up €393,941 (+2869.6%), from €13,728 to €407,669
mainly Net result for the year (+€1.3m) and Provisions (+€608,721)
- Receivables within one year -€41,216
down €41,216 (-52.9%), from €77,839 to €36,624
of which Trade receivables: -€48,174
- Reserves +€1.8m
up €1.8m (+899.5%), from €203,010 to €2.0m
of which Tax-exempt reserves: +€1.8m
- Other debts -€803,700
down €803,700 (-62.6%), from €1.3m to €481,018
- Provisions +€608,721
new in 2025: €608,721
- Short-term financial debts -€557,077
no longer reported in 2025 (was €557,077)
- Profit (loss) carried forward -€477,470
down €477,470 (-46.1%), from -€1.0m to -€1.5m
- Gross operating margin +€2.5m
up €2.5m, from -€34,795 to €2.4m
- Other operating charges +€452,361
up €452,361 (+309.1%), from €146,337 to €598,698
- Financial income +€146,573
up €146,573 (+34426.3%), from €426 to €146,999
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 | €1,350,181 | €1,797,303 | +€447,121 | +33.1% |
| Fixed assets | 21/28 | €1,255,742 | €856,504 | -€399,238 | -31.8% |
| Tangible fixed assets | 22/27 | €536,851 | €137,613 | -€399,238 | -74.4% |
| Land and buildings | 22 | €536,851 | €136,216 | -€400,635 | -74.6% |
| Plant, machinery and equipment | 23 | - | €1,396 | +€1,396 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €718,891 | €718,891 | = | 0.0% |
| Current assets | 29/58 | €94,439 | €940,799 | +€846,360 | +896.2% |
| Amounts receivable within one year | 40/41 | €77,839 | €36,624 | -€41,216 | -52.9% |
| Trade receivables | 40 | €55,704 | €7,530 | -€48,174 | -86.5% |
| Other amounts receivable | 41 | €22,135 | €29,094 | +€6,959 | +31.4% |
| Current investments | 50/53 | - | €494,849 | +€494,849 | |
| Cash at bank and in hand | 54/58 | €13,728 | €407,669 | +€393,941 | +2869.6% |
| Deferred charges and accrued income | 490/1 | €2,872 | €1,658 | -€1,214 | -42.3% |
| Total equity and liabilities | 10/49 | €1,350,181 | €1,797,303 | +€447,121 | +33.1% |
| Equity | 10/15 | -€643,051 | €705,641 | +€1.3m | |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €203,010 | €2,029,171 | +€1.8m | +899.5% |
| Non-distributable reserves | 130/1 | €19,000 | €19,000 | = | 0.0% |
| Legal reserve | 130 | €19,000 | €19,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,826,161 | +€1.8m | |
| Distributable reserves | 133 | €184,010 | €184,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,036,060 | -€1,513,530 | -€477,470 | -46.1% |
| Provisions and deferred taxes | 16 | - | €608,721 | +€608,721 | |
| Deferred taxes | 168 | - | €608,721 | +€608,721 | |
| Amounts payable | 17/49 | €1,993,232 | €482,941 | -€1.5m | -75.8% |
| Amounts payable after more than one year | 17 | €139,871 | - | -€139,871 | |
| Financial debts | 170/4 | €139,871 | - | -€139,871 | |
| Amounts payable within one year | 42/48 | €1,853,361 | €482,941 | -€1.4m | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €4,756 | - | -€4,756 | |
| Financial debts | 43 | €557,077 | - | -€557,077 | |
| Other loans | 439 | €557,077 | - | -€557,077 | |
| Trade debts | 44 | €5,574 | €1,465 | -€4,109 | -73.7% |
| Suppliers | 440/4 | €5,574 | €1,465 | -€4,109 | -73.7% |
| Taxes, remuneration and social security | 45 | €1,235 | €458 | -€777 | -62.9% |
| Taxes | 450/3 | €1,235 | €458 | -€777 | -62.9% |
| Other amounts payable | 47/48 | €1,284,718 | €481,018 | -€803,700 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,697 | €10,596 | -€8,101 | -43.3% |
| Other operating charges | 640/8 | €146,337 | €598,698 | +€452,361 | +309.1% |
| Non-recurring operating charges | 66A | €191 | - | -€191 | |
| Gross operating margin | 9900 | -€34,795 | €2,426,305 | +€2.5m | |
| Operating profit (loss) | 9901 | -€200,021 | €1,817,012 | +€2.0m | |
| Financial income | 75/76B | €426 | €146,999 | +€146,573 | +34426.3% |
| Recurring financial income | 75 | €426 | €146,999 | +€146,573 | +34426.3% |
| Financial charges | 65/66B | €22,509 | €6,141 | -€16,368 | -72.7% |
| Recurring financial charges | 65 | €22,509 | €6,141 | -€16,368 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€222,104 | €1,957,870 | +€2.2m | |
| Transfer to deferred taxes | 680 | - | €608,721 | +€608,721 | |
| Income taxes | 67/77 | €669 | €458 | -€211 | -31.5% |
| Profit (loss) for the period | 9904 | -€222,773 | €1,348,691 | +€1.6m | |
| Transfer to tax-exempt reserves | 689 | - | €1,826,161 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€222,773 | -€477,470 | -€254,698 | -114.3% |
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 8 October 2026 via checked.be.