DE LAET ANGELO: 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.
DE LAET ANGELO
Largest movements
- Cash -€27,489
down €27,489 (-84.3%), from €32,616 to €5,127
mainly Net result for the year (-€33,776) and Trade debts (-€6,146)
- Receivables within one year -€4,703
down €4,703 (-40.8%), from €11,531 to €6,827
of which Trade receivables: -€5,203
- Deferred charges and accrued income +€1,700
up €1,700 (+173%), from €981 to €2,681
- Tangible fixed assets +€590
up €590 (+21.9%), from €2,698 to €3,288
of which Furniture and vehicles: +€1,580
- Reserves -€29,291
down €29,291 (-100%), from €29,291 to €0
- Other debts +€6,740
up €6,740 (+19,103%), from €35 to €6,775
- Trade debts -€6,146
down €6,146 (-74.5%), from €8,255 to €2,109
- Profit (loss) carried forward -€4,486
down €4,486, from €0 to -€4,486
- Accrued charges and deferred income +€3,654
up €3,654, from €0 to €3,654
- Gross operating margin -€71,006
down €71,006, from €51,238 to -€19,768
- Taxes -€11,175
down €11,175 (-97.2%), from €11,501 to €326
- Write-downs +€2,605
up €2,605 (+266%), from €981 to €3,585
- Other operating charges -€1,089
down €1,089 (-17.9%), from €6,100 to €5,010
- Financial charges +€996
up €996 (+50.7%), from €1,965 to €2,962
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.
Derived cash bridge
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 | €47,826 | €17,923 | -€29,902 | -62.5% |
| Fixed assets | 21/28 | €2,698 | €3,288 | +€590 | +21.9% |
| Tangible fixed assets | 22/27 | €2,698 | €3,288 | +€590 | +21.9% |
| Plant, machinery and equipment | 23 | €1,069 | €79 | -€991 | -92.7% |
| Furniture and vehicles | 24 | €1,629 | €3,209 | +€1,580 | +97.0% |
| Current assets | 29/58 | €45,128 | €14,636 | -€30,492 | -67.6% |
| Amounts receivable within one year | 40/41 | €11,531 | €6,827 | -€4,703 | -40.8% |
| Trade receivables | 40 | €11,531 | €6,327 | -€5,203 | -45.1% |
| Other amounts receivable | 41 | €0 | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €32,616 | €5,127 | -€27,489 | -84.3% |
| Deferred charges and accrued income | 490/1 | €981 | €2,681 | +€1,700 | +173% |
| Total equity and liabilities | 10/49 | €47,826 | €17,923 | -€29,902 | -62.5% |
| Equity | 10/15 | €32,291 | -€1,486 | -€33,776 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,291 | €0 | -€29,291 | -100% |
| Distributable reserves | 133 | €29,291 | €0 | -€29,291 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€4,486 | -€4,486 | |
| Amounts payable | 17/49 | €15,535 | €19,409 | +€3,874 | +24.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,535 | €15,755 | +€220 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €1,577 | €0 | -€1,577 | -100% |
| Trade debts | 44 | €8,255 | €2,109 | -€6,146 | -74.5% |
| Suppliers | 440/4 | €8,255 | €2,109 | -€6,146 | -74.5% |
| Taxes, remuneration and social security | 45 | €5,668 | €6,871 | +€1,203 | +21.2% |
| Taxes | 450/3 | €5,668 | €6,827 | +€1,160 | +20.5% |
| Remuneration and social security | 454/9 | - | €44 | +€44 | |
| Other amounts payable | 47/48 | €35 | €6,775 | +€6,740 | +19,103% |
| Accrued charges and deferred income | 492/3 | €0 | €3,654 | +€3,654 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €2,127 | +€726 | +51.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €981 | €3,585 | +€2,605 | +266% |
| Other operating charges | 640/8 | €6,100 | €5,010 | -€1,089 | -17.9% |
| Gross operating margin | 9900 | €51,238 | -€19,768 | -€71,006 | |
| Operating profit (loss) | 9901 | €42,757 | -€30,490 | -€73,248 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +6,700% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +6,700% |
| Financial charges | 65/66B | €1,965 | €2,962 | +€996 | +50.7% |
| Recurring financial charges | 65 | €1,965 | €2,962 | +€996 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €40,792 | -€33,450 | -€74,242 | |
| Income taxes | 67/77 | €11,501 | €326 | -€11,175 | -97.2% |
| Profit (loss) for the period | 9904 | €29,291 | -€33,776 | -€63,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,291 | -€33,776 | -€63,067 |
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 25 October 2026 via checked.be.