RED ANGEL MANAGEMENT: what changed
RED ANGEL MANAGEMENT
Largest movements
- Tangible fixed assets -€13,856
down €13,856 (-49.6%), from €27,935 to €14,080
of which Furniture and vehicles: -€13,547
- Receivables within one year -€7,448
no longer reported in 2025 (was €7,448)
of which Other amounts receivable: -€6,238
- Deferred charges and accrued income -€3,844
no longer reported in 2025 (was €3,844)
- Cash -€3,314
down €3,314 (-9.3%), from €35,662 to €32,349
mainly Net result for the year (-€16,767) and Other debts (-€12,000)
- Profit (loss) carried forward -€16,767
down €16,767, from €0 to -€16,767
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin -€58,913
down €58,913, from €56,833 to -€2,080
- Taxes -€6,576
down €6,576 (-97.3%), from €6,762 to €186
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 | €74,890 | €46,428 | -€28,462 | -38.0% |
| Fixed assets | 21/28 | €27,935 | €14,080 | -€13,856 | -49.6% |
| Tangible fixed assets | 22/27 | €27,935 | €14,080 | -€13,856 | -49.6% |
| Plant, machinery and equipment | 23 | €605 | €296 | -€309 | -51.1% |
| Furniture and vehicles | 24 | €27,330 | €13,783 | -€13,547 | -49.6% |
| Current assets | 29/58 | €46,954 | €32,349 | -€14,606 | -31.1% |
| Amounts receivable within one year | 40/41 | €7,448 | - | -€7,448 | |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €6,238 | - | -€6,238 | |
| Cash at bank and in hand | 54/58 | €35,662 | €32,349 | -€3,314 | -9.3% |
| Deferred charges and accrued income | 490/1 | €3,844 | - | -€3,844 | |
| Total equity and liabilities | 10/49 | €74,890 | €46,428 | -€28,462 | -38.0% |
| Equity | 10/15 | €60,934 | €44,167 | -€16,767 | -27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,334 | €42,334 | = | 0.0% |
| Distributable reserves | 133 | €42,334 | €42,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€16,767 | -€16,767 | |
| Amounts payable | 17/49 | €13,956 | €2,261 | -€11,695 | -83.8% |
| Amounts payable within one year | 42/48 | €13,956 | €2,261 | -€11,695 | -83.8% |
| Trade debts | 44 | €1,346 | €1,029 | -€317 | -23.6% |
| Suppliers | 440/4 | €1,346 | €1,029 | -€317 | -23.6% |
| Taxes, remuneration and social security | 45 | €610 | €1,232 | +€622 | +102% |
| Taxes | 450/3 | €610 | €1,232 | +€622 | +102% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,197 | €13,856 | -€341 | -2.4% |
| Other operating charges | 640/8 | €485 | €509 | +€24 | +5.0% |
| Gross operating margin | 9900 | €56,833 | -€2,080 | -€58,913 | |
| Operating profit (loss) | 9901 | €42,150 | -€16,445 | -€58,596 | |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €80 | - | -€80 | |
| Financial charges | 65/66B | €200 | €136 | -€64 | -32.1% |
| Recurring financial charges | 65 | €200 | €136 | -€64 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €42,030 | -€16,581 | -€58,611 | |
| Income taxes | 67/77 | €6,762 | €186 | -€6,576 | -97.3% |
| Profit (loss) for the period | 9904 | €35,268 | -€16,767 | -€52,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,268 | -€16,767 | -€52,035 |
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 7 November 2026 via checked.be.