PENELOPE ANGEL: what changed
PENELOPE ANGEL
Largest movements
- Tangible fixed assets +€44,295
up €44,295 (+436%), from €10,150 to €54,445
of which Plant, machinery and equipment: +€39,258
- Receivables within one year +€20,660
up €20,660 (+1,918%), from €1,077 to €21,736
of which Other amounts receivable: +€14,617
- Stocks and contracts -€3,417
no longer reported in 2024 (was €3,417)
- Cash -€1,842
down €1,842 (-37.0%), from €4,975 to €3,132
mainly Investment in fixed assets (net) (-€49,100) and Receivables within one year (-€20,660)
- Deferred charges and accrued income -€1,093
no longer reported in 2024 (was €1,093)
- Debts after one year +€31,299
new in 2024: €31,299
- Trade debts +€9,961
up €9,961 (+461%), from €2,161 to €12,122
- Tax, wage and social debts +€7,657
up €7,657 (+1,719%), from €445 to €8,102
of which Taxes: +€7,112
- Current portion of long-term debt +€7,480
new in 2024: €7,480
- Accrued charges and deferred income +€3,364
new in 2024: €3,364
- Staff costs +€10,419
up €10,419 (+2,435%), from €428 to €10,847
- Gross operating margin -€3,262
down €3,262 (-13.1%), from €24,878 to €21,616
- Depreciation +€3,171
up €3,171 (+194%), from €1,634 to €4,805
- Financial charges +€2,447
up €2,447 (+135%), from €1,812 to €4,259
- Other operating charges +€1,698
new in 2024: €1,698
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,512 | €94,114 | +€58,602 | +165% |
| Fixed assets | 21/28 | €24,950 | €69,245 | +€44,295 | +178% |
| Tangible fixed assets | 22/27 | €10,150 | €54,445 | +€44,295 | +436% |
| Plant, machinery and equipment | 23 | €6,430 | €45,688 | +€39,258 | +611% |
| Furniture and vehicles | 24 | - | €6,097 | +€6,097 | |
| Other tangible fixed assets | 26 | €3,720 | €2,661 | -€1,059 | -28.5% |
| Financial fixed assets | 28 | €14,800 | €14,800 | = | 0.0% |
| Current assets | 29/58 | €10,562 | €24,869 | +€14,307 | +135% |
| Stocks and contracts in progress | 3 | €3,417 | - | -€3,417 | |
| Stocks | 30/36 | €3,417 | - | -€3,417 | |
| Amounts receivable within one year | 40/41 | €1,077 | €21,736 | +€20,660 | +1,918% |
| Trade receivables | 40 | - | €6,042 | +€6,042 | |
| Other amounts receivable | 41 | €1,077 | €15,694 | +€14,617 | +1,357% |
| Cash at bank and in hand | 54/58 | €4,975 | €3,132 | -€1,842 | -37.0% |
| Deferred charges and accrued income | 490/1 | €1,093 | - | -€1,093 | |
| Total equity and liabilities | 10/49 | €35,512 | €94,114 | +€58,602 | +165% |
| Equity | 10/15 | €31,349 | €31,747 | +€398 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,889 | €11,287 | +€398 | +3.7% |
| Amounts payable | 17/49 | €4,163 | €62,367 | +€58,204 | +1,398% |
| Amounts payable after more than one year | 17 | - | €31,299 | +€31,299 | |
| Financial debts | 170/4 | - | €31,299 | +€31,299 | |
| Amounts payable within one year | 42/48 | €4,163 | €27,704 | +€23,541 | +565% |
| Current portion of amounts payable after more than one year | 42 | - | €7,480 | +€7,480 | |
| Trade debts | 44 | €2,161 | €12,122 | +€9,961 | +461% |
| Suppliers | 440/4 | €2,161 | €12,122 | +€9,961 | +461% |
| Taxes, remuneration and social security | 45 | €445 | €8,102 | +€7,657 | +1,719% |
| Taxes | 450/3 | €65 | €7,177 | +€7,112 | +10,925% |
| Remuneration and social security | 454/9 | €380 | €925 | +€545 | +143% |
| Other amounts payable | 47/48 | €1,557 | - | -€1,557 | |
| Accrued charges and deferred income | 492/3 | - | €3,364 | +€3,364 | |
| Remuneration, social security and pensions | 62 | €428 | €10,847 | +€10,419 | +2,435% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,634 | €4,805 | +€3,171 | +194% |
| Other operating charges | 640/8 | - | €1,698 | +€1,698 | |
| Gross operating margin | 9900 | €24,878 | €21,616 | -€3,262 | -13.1% |
| Operating profit (loss) | 9901 | €22,816 | €4,266 | -€18,550 | -81.3% |
| Financial income | 75/76B | €593 | €390 | -€203 | -34.2% |
| Recurring financial income | 75 | €593 | €390 | -€203 | -34.2% |
| Financial charges | 65/66B | €1,812 | €4,259 | +€2,447 | +135% |
| Recurring financial charges | 65 | €1,812 | €4,259 | +€2,447 | +135% |
| Profit (loss) for the period before taxes | 9903 | €21,597 | €398 | -€21,199 | -98.2% |
| Profit (loss) for the period | 9904 | €21,597 | €398 | -€21,199 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,597 | €398 | -€21,199 | -98.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.