D'Angelo: 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.
D'Angelo
Largest movements
- Tangible fixed assets -€4,855
down €4,855 (-10.0%), from €48,377 to €43,522
of which Furniture and vehicles: -€7,878
- Cash +€4,817
up €4,817 (+46.7%), from €10,316 to €15,133
mainly Depreciation (+€13,798) and Net result for the year (+€13,177)
- Stocks and contracts -€4,286
down €4,286 (-74.1%), from €5,786 to €1,500
- Deferred charges and accrued income -€906
down €906 (-63.8%), from €1,420 to €514
- Profit (loss) carried forward +€13,177
up €13,177, from -€13,126 to €50
- Trade debts -€12,371
down €12,371 (-88.0%), from €14,057 to €1,685
- Other debts -€8,794
down €8,794 (-15.9%), from €55,370 to €46,576
- Tax, wage and social debts +€2,114
up €2,114 (+867.2%), from €244 to €2,358
of which Taxes: +€2,345
- Gross operating margin +€26,377
up €26,377 (+226.9%), from €11,625 to €38,001
- Depreciation +€5,964
up €5,964 (+76.1%), from €7,835 to €13,798
- Taxes +€2,196
up €2,196 (+16150.0%), from €14 to €2,210
- Financial charges -€704
down €704 (-65.9%), from €1,068 to €364
- Staff costs +€682
up €682 (+10.3%), from €6,631 to €7,313
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 | €66,544 | €60,670 | -€5,875 | -8.8% |
| Fixed assets | 21/28 | €48,377 | €43,522 | -€4,855 | -10.0% |
| Tangible fixed assets | 22/27 | €48,377 | €43,522 | -€4,855 | -10.0% |
| Land and buildings | 22 | - | €3,362 | +€3,362 | |
| Plant, machinery and equipment | 23 | €12,084 | €11,746 | -€339 | -2.8% |
| Furniture and vehicles | 24 | €36,293 | €28,415 | -€7,878 | -21.7% |
| Current assets | 29/58 | €18,167 | €17,147 | -€1,020 | -5.6% |
| Stocks and contracts in progress | 3 | €5,786 | €1,500 | -€4,286 | -74.1% |
| Stocks | 30/36 | €5,786 | €1,500 | -€4,286 | -74.1% |
| Amounts receivable within one year | 40/41 | €645 | - | -€645 | |
| Other amounts receivable | 41 | €645 | - | -€645 | |
| Cash at bank and in hand | 54/58 | €10,316 | €15,133 | +€4,817 | +46.7% |
| Deferred charges and accrued income | 490/1 | €1,420 | €514 | -€906 | -63.8% |
| Total equity and liabilities | 10/49 | €66,544 | €60,670 | -€5,875 | -8.8% |
| Equity | 10/15 | -€3,126 | €10,050 | +€13,177 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,126 | €50 | +€13,177 | |
| Amounts payable | 17/49 | €69,671 | €50,619 | -€19,051 | -27.3% |
| Amounts payable within one year | 42/48 | €69,671 | €50,619 | -€19,051 | -27.3% |
| Trade debts | 44 | €14,057 | €1,685 | -€12,371 | -88.0% |
| Suppliers | 440/4 | €14,057 | €1,685 | -€12,371 | -88.0% |
| Taxes, remuneration and social security | 45 | €244 | €2,358 | +€2,114 | +867.2% |
| Taxes | 450/3 | €14 | €2,358 | +€2,345 | +17239.3% |
| Remuneration and social security | 454/9 | €230 | - | -€230 | |
| Other amounts payable | 47/48 | €55,370 | €46,576 | -€8,794 | -15.9% |
| Remuneration, social security and pensions | 62 | €6,631 | €7,313 | +€682 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,835 | €13,798 | +€5,964 | +76.1% |
| Other operating charges | 640/8 | €2,063 | €1,577 | -€485 | -23.5% |
| Gross operating margin | 9900 | €11,625 | €38,001 | +€26,377 | +226.9% |
| Operating profit (loss) | 9901 | -€4,903 | €15,312 | +€20,216 | |
| Financial income | 75/76B | €251 | €438 | +€188 | +74.8% |
| Recurring financial income | 75 | €251 | €438 | +€188 | +74.8% |
| Financial charges | 65/66B | €1,068 | €364 | -€704 | -65.9% |
| Recurring financial charges | 65 | €1,068 | €364 | -€704 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,721 | €15,387 | +€21,108 | |
| Income taxes | 67/77 | €14 | €2,210 | +€2,196 | +16150.0% |
| Profit (loss) for the period | 9904 | -€5,735 | €13,177 | +€18,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,735 | €13,177 | +€18,911 |
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.