ANGYCOPAS: 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.
ANGYCOPAS
Largest movements
- Current investments +€37,420
new in 2025: €37,420
- Receivables within one year +€20,729
up €20,729 (+50.8%), from €40,789 to €61,518
of which Trade receivables: +€15,385
- Cash -€14,801
down €14,801 (-12.7%), from €117,000 to €102,199
mainly Current investments (-€37,420) and Receivables within one year (-€20,729)
- Tangible fixed assets -€12,497
down €12,497 (-30.7%), from €40,751 to €28,254
of which Furniture and vehicles: -€8,673
- Deferred charges and accrued income -€9,750
down €9,750 (-87.5%), from €11,148 to €1,399
- Trade debts +€21,068
up €21,068 (+248.9%), from €8,464 to €29,532
- Profit (loss) carried forward +€12,218
up €12,218 (+6.0%), from €204,807 to €217,025
- Current portion of long-term debt +€6,797
new in 2025: €6,797
- Debts after one year -€5,653
down €5,653 (-46.5%), from €12,153 to €6,500
- Gross operating margin -€23,111
down €23,111 (-21.4%), from €108,148 to €85,037
- Taxes -€19,642
down €19,642, from €11,415 to -€8,228
- Staff costs +€3,585
up €3,585 (+6.0%), from €59,297 to €62,883
- Other operating charges +€1,713
up €1,713 (+59.4%), from €2,882 to €4,595
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 | €276,953 | €307,760 | +€30,807 | +11.1% |
| Fixed assets | 21/28 | €76,513 | €64,016 | -€12,497 | -16.3% |
| Tangible fixed assets | 22/27 | €40,751 | €28,254 | -€12,497 | -30.7% |
| Plant, machinery and equipment | 23 | €21,305 | €17,481 | -€3,824 | -18.0% |
| Furniture and vehicles | 24 | €19,446 | €10,773 | -€8,673 | -44.6% |
| Financial fixed assets | 28 | €35,762 | €35,762 | = | 0.0% |
| Current assets | 29/58 | €200,440 | €243,744 | +€43,304 | +21.6% |
| Stocks and contracts in progress | 3 | €31,503 | €41,209 | +€9,706 | +30.8% |
| Stocks | 30/36 | €31,503 | €41,209 | +€9,706 | +30.8% |
| Amounts receivable within one year | 40/41 | €40,789 | €61,518 | +€20,729 | +50.8% |
| Trade receivables | 40 | - | €15,385 | +€15,385 | |
| Other amounts receivable | 41 | €40,789 | €46,133 | +€5,344 | +13.1% |
| Current investments | 50/53 | - | €37,420 | +€37,420 | |
| Cash at bank and in hand | 54/58 | €117,000 | €102,199 | -€14,801 | -12.7% |
| Deferred charges and accrued income | 490/1 | €11,148 | €1,399 | -€9,750 | -87.5% |
| Total equity and liabilities | 10/49 | €276,953 | €307,760 | +€30,807 | +11.1% |
| Equity | 10/15 | €237,357 | €249,575 | +€12,218 | +5.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,550 | €2,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,550 | €2,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,550 | €2,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,807 | €217,025 | +€12,218 | +6.0% |
| Amounts payable | 17/49 | €39,596 | €58,185 | +€18,589 | +46.9% |
| Amounts payable after more than one year | 17 | €12,153 | €6,500 | -€5,653 | -46.5% |
| Financial debts | 170/4 | €12,153 | €6,500 | -€5,653 | -46.5% |
| Amounts payable within one year | 42/48 | €27,443 | €51,685 | +€24,242 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,797 | +€6,797 | |
| Trade debts | 44 | €8,464 | €29,532 | +€21,068 | +248.9% |
| Suppliers | 440/4 | €8,464 | €29,532 | +€21,068 | +248.9% |
| Advances received on contracts in progress | 46 | €2,861 | - | -€2,861 | |
| Taxes, remuneration and social security | 45 | €16,119 | €15,356 | -€762 | -4.7% |
| Taxes | 450/3 | €1,816 | €3,337 | +€1,521 | +83.7% |
| Remuneration and social security | 454/9 | €14,302 | €12,019 | -€2,283 | -16.0% |
| Remuneration, social security and pensions | 62 | €59,297 | €62,883 | +€3,585 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,519 | €12,497 | -€22 | -0.2% |
| Other operating charges | 640/8 | €2,882 | €4,595 | +€1,713 | +59.4% |
| Non-recurring operating charges | 66A | €0 | -€50 | -€50 | |
| Gross operating margin | 9900 | €108,148 | €85,037 | -€23,111 | -21.4% |
| Operating profit (loss) | 9901 | €33,449 | €5,112 | -€28,337 | -84.7% |
| Financial charges | 65/66B | €1,217 | €1,122 | -€95 | -7.8% |
| Recurring financial charges | 65 | €1,217 | €1,122 | -€95 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €32,233 | €3,990 | -€28,242 | -87.6% |
| Income taxes | 67/77 | €11,415 | -€8,228 | -€19,642 | |
| Profit (loss) for the period | 9904 | €20,818 | €12,218 | -€8,600 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,818 | €12,218 | -€8,600 | -41.3% |
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 12 October 2026 via checked.be.