BE ANGELS: 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.
BE ANGELS
Largest movements
- Financial fixed assets +€222,669
up €222,669 (+54.6%), from €407,989 to €630,658
- Cash -€114,986
down €114,986 (-46.7%), from €246,459 to €131,473
mainly Investment in fixed assets (net) (-€222,669) and Net result for the year (-€197,185)
- Receivables within one year -€73,748
down €73,748 (-19.5%), from €377,831 to €304,083
of which Trade receivables: -€176,084
- Receivables after one year -€63,954
no longer reported in 2024 (was €63,954)
of which Trade receivables: -€61,954
- Contributions -€538,954
down €538,954 (-34.6%), from €1.6m to €1.0m
- Profit (loss) carried forward +€537,269
up €537,269 (+73.2%), from -€734,454 to -€197,185
- Accrued charges and deferred income -€54,775
down €54,775 (-46.8%), from €116,975 to €62,200
- Tax, wage and social debts +€12,282
up €12,282 (+27.4%), from €44,841 to €57,123
of which Taxes: +€23,154
- Staff costs -€15,181
down €15,181 (-4.1%), from €374,442 to €359,261
- Gross operating margin +€13,616
up €13,616 (+8.8%), from €155,422 to €169,038
- Financial income +€7,363
up €7,363 (+16654.8%), from €44 to €7,407
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 | €1,121,782 | €1,086,664 | -€35,118 | -3.1% |
| Fixed assets | 21/28 | €429,744 | €645,953 | +€216,209 | +50.3% |
| Intangible fixed assets | 21 | €19,028 | €14,492 | -€4,536 | -23.8% |
| Tangible fixed assets | 22/27 | €2,726 | €803 | -€1,923 | -70.6% |
| Furniture and vehicles | 24 | €2,726 | €803 | -€1,923 | -70.6% |
| Financial fixed assets | 28 | €407,989 | €630,658 | +€222,669 | +54.6% |
| Current assets | 29/58 | €692,039 | €440,712 | -€251,327 | -36.3% |
| Amounts receivable after more than one year | 29 | €63,954 | - | -€63,954 | |
| Trade receivables | 290 | €61,954 | - | -€61,954 | |
| Other amounts receivable | 291 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €377,831 | €304,083 | -€73,748 | -19.5% |
| Trade receivables | 40 | €314,425 | €138,342 | -€176,084 | -56.0% |
| Other amounts receivable | 41 | €63,406 | €165,741 | +€102,336 | +161.4% |
| Cash at bank and in hand | 54/58 | €246,459 | €131,473 | -€114,986 | -46.7% |
| Deferred charges and accrued income | 490/1 | €3,795 | €5,156 | +€1,361 | +35.9% |
| Total equity and liabilities | 10/49 | €1,121,782 | €1,086,664 | -€35,118 | -3.1% |
| Equity | 10/15 | €829,653 | €827,082 | -€2,571 | -0.3% |
| Contributions | 10/11 | €1,559,719 | €1,020,765 | -€538,954 | -34.6% |
| Capital | 10 | €1,559,719 | €1,020,765 | -€538,954 | -34.6% |
| Issued capital | 100 | €1,559,719 | €1,020,765 | -€538,954 | -34.6% |
| Profit (loss) carried forward | 14 | -€734,454 | -€197,185 | +€537,269 | +73.2% |
| Investment grants | 15 | €4,388 | €3,502 | -€886 | -20.2% |
| Amounts payable | 17/49 | €292,129 | €259,582 | -€32,547 | -11.1% |
| Amounts payable within one year | 42/48 | €175,154 | €197,382 | +€22,228 | +12.7% |
| Trade debts | 44 | €129,946 | €139,893 | +€9,946 | +7.7% |
| Suppliers | 440/4 | €129,946 | €139,893 | +€9,946 | +7.7% |
| Taxes, remuneration and social security | 45 | €44,841 | €57,123 | +€12,282 | +27.4% |
| Taxes | 450/3 | €1,718 | €24,872 | +€23,154 | +1348.0% |
| Remuneration and social security | 454/9 | €43,124 | €32,251 | -€10,873 | -25.2% |
| Other amounts payable | 47/48 | €367 | €367 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €116,975 | €62,200 | -€54,775 | -46.8% |
| Remuneration, social security and pensions | 62 | €374,442 | €359,261 | -€15,181 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,653 | €6,460 | -€1,193 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €286 | - | -€286 | |
| Other operating charges | 640/8 | €384 | €1,084 | +€699 | +181.9% |
| Non-recurring operating charges | 66A | €1,182 | - | -€1,182 | |
| Gross operating margin | 9900 | €155,422 | €169,038 | +€13,616 | +8.8% |
| Operating profit (loss) | 9901 | -€228,526 | -€197,766 | +€30,760 | +13.5% |
| Financial income | 75/76B | €44 | €7,407 | +€7,363 | +16654.8% |
| Recurring financial income | 75 | €44 | €7,407 | +€7,363 | +16654.8% |
| Financial charges | 65/66B | €4,794 | €6,442 | +€1,648 | +34.4% |
| Recurring financial charges | 65 | €4,794 | €6,442 | +€1,648 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€233,276 | -€196,801 | +€36,475 | +15.6% |
| Income taxes | 67/77 | €870 | €384 | -€486 | -55.9% |
| Profit (loss) for the period | 9904 | -€234,146 | -€197,185 | +€36,961 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€234,146 | -€197,185 | +€36,961 | +15.8% |
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 30 September 2026 via checked.be.