ANJELA CONCEPT: what changed
ANJELA CONCEPT
Largest movements
- Cash -€182,416
down €182,416 (-65.5%), from €278,640 to €96,225
mainly Other debts (-€104,011) and Current investments (-€98,120)
- Current investments +€98,120
up €98,120 (+245%), from €40,000 to €138,120
- Receivables within one year -€20,319
down €20,319 (-72.2%), from €28,155 to €7,836
of which Trade receivables: -€20,339
- Intangible fixed assets -€4,275
down €4,275 (-69.2%), from €6,177 to €1,902
- Tangible fixed assets +€4,009
up €4,009 (+27.5%), from €14,593 to €18,601
of which Furniture and vehicles: +€9,270
- Other debts -€104,011
down €104,011 (-69.1%), from €150,469 to €46,459
- Reserves +€7,800
up €7,800 (+4.1%), from €191,500 to €199,300
- Accrued charges and deferred income -€4,204
down €4,204 (-36.5%), from €11,525 to €7,321
- Gross operating margin -€14,304
down €14,304 (-30.4%), from €47,062 to €32,758
- Financial income +€3,815
up €3,815 (+302%), from €1,264 to €5,079
- Taxes -€3,136
down €3,136 (-32.6%), from €9,626 to €6,490
- Financial charges -€2,027
down €2,027 (-17.2%), from €11,762 to €9,735
- Depreciation +€1,695
up €1,695 (+15.9%), from €10,640 to €12,335
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,652 | €265,591 | -€104,061 | -28.2% |
| Fixed assets | 21/28 | €20,769 | €20,503 | -€266 | -1.3% |
| Intangible fixed assets | 21 | €6,177 | €1,902 | -€4,275 | -69.2% |
| Tangible fixed assets | 22/27 | €14,593 | €18,601 | +€4,009 | +27.5% |
| Plant, machinery and equipment | 23 | €2,481 | €0 | -€2,481 | -100% |
| Furniture and vehicles | 24 | €990 | €10,260 | +€9,270 | +936% |
| Other tangible fixed assets | 26 | €11,121 | €8,341 | -€2,780 | -25.0% |
| Current assets | 29/58 | €348,882 | €245,088 | -€103,794 | -29.8% |
| Amounts receivable within one year | 40/41 | €28,155 | €7,836 | -€20,319 | -72.2% |
| Trade receivables | 40 | €28,057 | €7,717 | -€20,339 | -72.5% |
| Other amounts receivable | 41 | €98 | €118 | +€20 | +20.4% |
| Current investments | 50/53 | €40,000 | €138,120 | +€98,120 | +245% |
| Cash at bank and in hand | 54/58 | €278,640 | €96,225 | -€182,416 | -65.5% |
| Deferred charges and accrued income | 490/1 | €2,087 | €2,908 | +€821 | +39.3% |
| Total equity and liabilities | 10/49 | €369,652 | €265,591 | -€104,061 | -28.2% |
| Equity | 10/15 | €197,779 | €206,041 | +€8,262 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €191,500 | €199,300 | +€7,800 | +4.1% |
| Distributable reserves | 133 | €191,500 | €199,300 | +€7,800 | +4.1% |
| Profit (loss) carried forward | 14 | €79 | €541 | +€462 | +586% |
| Amounts payable | 17/49 | €171,873 | €59,550 | -€112,323 | -65.4% |
| Amounts payable within one year | 42/48 | €160,348 | €52,229 | -€108,119 | -67.4% |
| Trade debts | 44 | €2,906 | €1,538 | -€1,368 | -47.1% |
| Suppliers | 440/4 | €2,906 | €1,538 | -€1,368 | -47.1% |
| Taxes, remuneration and social security | 45 | €6,973 | €4,232 | -€2,740 | -39.3% |
| Taxes | 450/3 | €6,973 | €4,232 | -€2,740 | -39.3% |
| Other amounts payable | 47/48 | €150,469 | €46,459 | -€104,011 | -69.1% |
| Accrued charges and deferred income | 492/3 | €11,525 | €7,321 | -€4,204 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,640 | €12,335 | +€1,695 | +15.9% |
| Other operating charges | 640/8 | €985 | €1,016 | +€31 | +3.1% |
| Gross operating margin | 9900 | €47,062 | €32,758 | -€14,304 | -30.4% |
| Operating profit (loss) | 9901 | €35,437 | €19,408 | -€16,029 | -45.2% |
| Financial income | 75/76B | €1,264 | €5,079 | +€3,815 | +302% |
| Recurring financial income | 75 | €1,264 | €5,079 | +€3,815 | +302% |
| Financial charges | 65/66B | €11,762 | €9,735 | -€2,027 | -17.2% |
| Recurring financial charges | 65 | €11,762 | €9,735 | -€2,027 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €24,939 | €14,752 | -€10,187 | -40.8% |
| Income taxes | 67/77 | €9,626 | €6,490 | -€3,136 | -32.6% |
| Profit (loss) for the period | 9904 | €15,313 | €8,262 | -€7,051 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,313 | €8,262 | -€7,051 | -46.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.