ANGLE ENGINEERING: what changed
What changed
ANGLE ENGINEERING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€21,416
2023 · €106,830-€128,246
Equity
€69,412
2023 · €91,300-€21,888
Cash
€56,861
2023 · €141,608-€84,747
Balance sheet total
€109,135
2023 · €179,840-€70,705
Largest movements
Assets
- Cash -€84,747
down €84,747 (-59.8%), from €141,608 to €56,861
mainly Provisions (-€31,885) and Net result for the year (-€21,416)
- Tangible fixed assets +€11,015
up €11,015 (+29.5%), from €37,374 to €48,389
- Receivables within one year +€3,204
up €3,204 (+711%), from €451 to €3,655
of which Trade receivables: +€3,655
Equity and liabilities
- Provisions -€31,885
down €31,885 (-70.0%), from €45,551 to €13,666
- Profit (loss) carried forward -€21,416
down €21,416, from €457 to -€20,959
- Contributions -€18,582
no longer reported in 2024 (was €18,582)
- Reserves +€18,582
up €18,582 (+27.1%), from €68,597 to €87,179
of which Distributable reserves: +€20,441
- Tax, wage and social debts -€10,439
down €10,439 (-98.2%), from €10,632 to €193
Income statement
- Gross operating margin -€133,941
down €133,941, from €131,908 to -€2,033
- Financial income +€1,987
up €1,987 (+408%), from €488 to €2,475
- Taxes -€1,897
down €1,897 (-17.5%), from €10,859 to €8,962
- Other operating charges -€1,846
down €1,846 (-26.9%), from €6,862 to €5,016
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.
Result 2023
€106,830
Gross operating margin
-€133,941
Depreciation
-€294
Other operating charges
+€1,846
Other operating items
+€424
Financial income
+€1,987
Financial charges
-€165
Taxes
+€1,897
Result 2024
-€21,416
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€59,786
Investment
-€17,774
Financing
-€7,186
Cash 2023
€141,608
From operations (derived)
-€59,786
Net result for the year
-€21,416
Depreciation
+€6,759
Receivables within one year
-€3,204
Deferred charges and accrued income
+€177
Provisions
-€31,885
Trade debts
+€222
Tax, wage and social debts
-€10,439
Investment (derived)
-€17,774
Investment in fixed assets (net)
-€17,774
Financing
-€7,186
Debts after one year
-€6,769
Current portion of long-term debt
+€55
Contributions, distributions and other
-€472
Cash 2024
€56,861
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,840 | €109,135 | -€70,705 | -39.3% |
| Fixed assets | 21/28 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Tangible fixed assets | 22/27 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Land and buildings | 22 | €37,374 | €48,389 | +€11,015 | +29.5% |
| Current assets | 29/58 | €142,465 | €60,745 | -€81,720 | -57.4% |
| Amounts receivable within one year | 40/41 | €451 | €3,655 | +€3,204 | +711% |
| Trade receivables | 40 | - | €3,655 | +€3,655 | |
| Other amounts receivable | 41 | €451 | - | -€451 | |
| Cash at bank and in hand | 54/58 | €141,608 | €56,861 | -€84,747 | -59.8% |
| Deferred charges and accrued income | 490/1 | €407 | €230 | -€177 | -43.6% |
| Total equity and liabilities | 10/49 | €179,840 | €109,135 | -€70,705 | -39.3% |
| Equity | 10/15 | €91,300 | €69,412 | -€21,888 | -24.0% |
| Contributions | 10/11 | €18,582 | - | -€18,582 | |
| Reserves | 13 | €68,597 | €87,179 | +€18,582 | +27.1% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €2,438 | €2,438 | = | 0.0% |
| Distributable reserves | 133 | €64,300 | €84,741 | +€20,441 | +31.8% |
| Profit (loss) carried forward | 14 | €457 | -€20,959 | -€21,416 | |
| Investment grants | 15 | €3,664 | €3,192 | -€472 | -12.9% |
| Provisions and deferred taxes | 16 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Provisions for liabilities and charges | 160/5 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Pensions and similar obligations | 160 | €45,551 | €13,666 | -€31,885 | -70.0% |
| Amounts payable | 17/49 | €42,989 | €26,057 | -€16,932 | -39.4% |
| Amounts payable after more than one year | 17 | €24,821 | €18,052 | -€6,769 | -27.3% |
| Financial debts | 170/4 | €20,651 | €17,497 | -€3,154 | -15.3% |
| Other amounts payable | 178/9 | €4,170 | €555 | -€3,615 | -86.7% |
| Amounts payable within one year | 42/48 | €18,168 | €8,005 | -€10,163 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €3,100 | €3,154 | +€55 | +1.8% |
| Trade debts | 44 | €4,436 | €4,658 | +€222 | +5.0% |
| Suppliers | 440/4 | €4,436 | €4,658 | +€222 | +5.0% |
| Taxes, remuneration and social security | 45 | €10,632 | €193 | -€10,439 | -98.2% |
| Taxes | 450/3 | €10,632 | €193 | -€10,439 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,465 | €6,759 | +€294 | +4.5% |
| Other operating charges | 640/8 | €6,862 | €5,016 | -€1,846 | -26.9% |
| Non-recurring operating charges | 66A | €424 | - | -€424 | |
| Gross operating margin | 9900 | €131,908 | -€2,033 | -€133,941 | |
| Operating profit (loss) | 9901 | €118,157 | -€13,808 | -€131,965 | |
| Financial income | 75/76B | €488 | €2,475 | +€1,987 | +408% |
| Recurring financial income | 75 | €488 | €2,475 | +€1,987 | +408% |
| Financial charges | 65/66B | €956 | €1,121 | +€165 | +17.3% |
| Recurring financial charges | 65 | €956 | €1,121 | +€165 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €117,689 | -€12,454 | -€130,143 | |
| Income taxes | 67/77 | €10,859 | €8,962 | -€1,897 | -17.5% |
| Profit (loss) for the period | 9904 | €106,830 | -€21,416 | -€128,246 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,830 | -€21,416 | -€128,246 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.