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.
Angelo
Largest movements
- Deferred charges and accrued income -€5,828
no longer reported in 2025 (was €5,828)
- Tangible fixed assets -€1,865
down €1,865 (-24.2%), from €7,712 to €5,847
of which Furniture and vehicles: -€1,826
- Cash +€1,416
up €1,416 (+84.4%), from €1,678 to €3,095
mainly Deferred charges and accrued income (+€5,828) and Depreciation (+€1,865)
- Tax, wage and social debts -€7,563
no longer reported in 2025 (was €7,563)
of which Remuneration and social security: -€4,028
- Profit (loss) carried forward -€3,130
down €3,130 (-3.6%), from -€88,138 to -€91,268
- Trade debts +€1,816
up €1,816 (+94.1%), from €1,930 to €3,746
- Accrued charges and deferred income +€1,772
new in 2025: €1,772
- Other debts +€785
up €785 (+1.3%), from €59,906 to €60,692
- Turnover +€16,129
up €16,129 (+79.1%), from €20,381 to €36,510
- Gross operating margin +€11,543
up €11,543, from -€8,730 to €2,814
- Purchases and services +€4,586
up €4,586 (+15.0%), from €30,571 to €35,157
- Other operating charges +€1,138
up €1,138 (+40.3%), from €2,826 to €3,965
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 | €21,720 | €15,401 | -€6,320 | -29.1% |
| Fixed assets | 21/28 | €12,712 | €10,847 | -€1,865 | -14.7% |
| Tangible fixed assets | 22/27 | €7,712 | €5,847 | -€1,865 | -24.2% |
| Plant, machinery and equipment | 23 | €76 | €38 | -€38 | -50.0% |
| Furniture and vehicles | 24 | €7,636 | €5,809 | -€1,826 | -23.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €9,009 | €4,554 | -€4,455 | -49.5% |
| Stocks and contracts in progress | 3 | €719 | €719 | = | 0.0% |
| Stocks | 30/36 | €719 | €719 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €783 | €740 | -€43 | -5.5% |
| Other amounts receivable | 41 | €783 | €740 | -€43 | -5.5% |
| Cash at bank and in hand | 54/58 | €1,678 | €3,095 | +€1,416 | +84.4% |
| Deferred charges and accrued income | 490/1 | €5,828 | - | -€5,828 | |
| Total equity and liabilities | 10/49 | €21,720 | €15,401 | -€6,320 | -29.1% |
| Equity | 10/15 | -€62,678 | -€65,808 | -€3,130 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,138 | -€91,268 | -€3,130 | -3.6% |
| Amounts payable | 17/49 | €84,399 | €81,209 | -€3,190 | -3.8% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,399 | €64,437 | -€4,961 | -7.1% |
| Trade debts | 44 | €1,930 | €3,746 | +€1,816 | +94.1% |
| Suppliers | 440/4 | €1,930 | €3,746 | +€1,816 | +94.1% |
| Taxes, remuneration and social security | 45 | €7,563 | - | -€7,563 | |
| Taxes | 450/3 | €3,534 | - | -€3,534 | |
| Remuneration and social security | 454/9 | €4,028 | - | -€4,028 | |
| Other amounts payable | 47/48 | €59,906 | €60,692 | +€785 | +1.3% |
| Accrued charges and deferred income | 492/3 | - | €1,772 | +€1,772 | |
| Turnover | 70 | €20,381 | €36,510 | +€16,129 | +79.1% |
| Non-recurring operating income | 76A | €1,461 | €1,461 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,571 | €35,157 | +€4,586 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,865 | €1,865 | = | 0.0% |
| Other operating charges | 640/8 | €2,826 | €3,965 | +€1,138 | +40.3% |
| Gross operating margin | 9900 | -€8,730 | €2,814 | +€11,543 | |
| Operating profit (loss) | 9901 | -€13,421 | -€3,016 | +€10,405 | +77.5% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €148 | €114 | -€34 | -22.9% |
| Recurring financial charges | 65 | €148 | €114 | -€34 | -22.9% |
| Non-recurring financial charges | 66B | -€0 | - | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€13,563 | -€3,130 | +€10,433 | +76.9% |
| Profit (loss) for the period | 9904 | -€13,563 | -€3,130 | +€10,433 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,563 | -€3,130 | +€10,433 | +76.9% |
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 30 October 2026 via checked.be.