AGE: 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.
AGE
Largest movements
- Receivables within one year +€112,672
up €112,672 (+107%), from €105,105 to €217,776
of which Trade receivables: +€112,003
- Tangible fixed assets -€48,024
down €48,024 (-11.2%), from €428,364 to €380,340
of which Land and buildings: -€27,602
- Cash +€19,711
up €19,711 (+21.5%), from €91,657 to €111,368
mainly Net result for the year (+€102,862) and Depreciation (+€54,546)
- Reserves +€79,619
up €79,619 (+25.3%), from €314,438 to €394,057
of which Distributable reserves: +€81,479
- Trade debts +€43,853
up €43,853 (+68.1%), from €64,427 to €108,280
- Debts after one year -€37,558
down €37,558 (-19.5%), from €192,169 to €154,610
- Current portion of long-term debt -€16,698
down €16,698 (-28.8%), from €57,944 to €41,247
- Gross operating margin -€50,315
down €50,315 (-13.0%), from €385,571 to €335,256
- Taxes -€9,515
down €9,515 (-17.2%), from €55,351 to €45,836
- Provisions -€7,431
down €7,431, from €1,200 to -€6,231
- Depreciation +€6,385
up €6,385 (+13.3%), from €48,161 to €54,546
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 | €692,018 | €770,026 | +€78,008 | +11.3% |
| Fixed assets | 21/28 | €428,514 | €380,490 | -€48,024 | -11.2% |
| Tangible fixed assets | 22/27 | €428,364 | €380,340 | -€48,024 | -11.2% |
| Land and buildings | 22 | €330,560 | €302,958 | -€27,602 | -8.4% |
| Plant, machinery and equipment | 23 | €9,452 | €8,963 | -€489 | -5.2% |
| Furniture and vehicles | 24 | €88,352 | €68,419 | -€19,933 | -22.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €263,503 | €389,536 | +€126,033 | +47.8% |
| Amounts receivable after more than one year | 29 | €49,326 | €44,326 | -€5,000 | -10.1% |
| Other amounts receivable | 291 | €49,326 | €44,326 | -€5,000 | -10.1% |
| Stocks and contracts in progress | 3 | €11,351 | €10,676 | -€675 | -5.9% |
| Stocks | 30/36 | €11,351 | €10,676 | -€675 | -5.9% |
| Amounts receivable within one year | 40/41 | €105,105 | €217,776 | +€112,672 | +107% |
| Trade receivables | 40 | €80,646 | €192,649 | +€112,003 | +139% |
| Other amounts receivable | 41 | €24,458 | €25,127 | +€668 | +2.7% |
| Cash at bank and in hand | 54/58 | €91,657 | €111,368 | +€19,711 | +21.5% |
| Deferred charges and accrued income | 490/1 | €6,064 | €5,389 | -€675 | -11.1% |
| Total equity and liabilities | 10/49 | €692,018 | €770,026 | +€78,008 | +11.3% |
| Equity | 10/15 | €333,038 | €412,657 | +€79,619 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,438 | €394,057 | +€79,619 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €312,578 | €394,057 | +€81,479 | +26.1% |
| Provisions and deferred taxes | 16 | €3,100 | €3,000 | -€100 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €3,100 | €3,000 | -€100 | -3.2% |
| Other liabilities and charges | 164/5 | €3,100 | €3,000 | -€100 | -3.2% |
| Amounts payable | 17/49 | €355,880 | €354,368 | -€1,511 | -0.4% |
| Amounts payable after more than one year | 17 | €192,169 | €154,610 | -€37,558 | -19.5% |
| Financial debts | 170/4 | €192,169 | €154,610 | -€37,558 | -19.5% |
| Amounts payable within one year | 42/48 | €161,365 | €199,125 | +€37,760 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €57,944 | €41,247 | -€16,698 | -28.8% |
| Trade debts | 44 | €64,427 | €108,280 | +€43,853 | +68.1% |
| Suppliers | 440/4 | €64,427 | €108,280 | +€43,853 | +68.1% |
| Taxes, remuneration and social security | 45 | €38,994 | €45,888 | +€6,894 | +17.7% |
| Taxes | 450/3 | €22,659 | €31,340 | +€8,681 | +38.3% |
| Remuneration and social security | 454/9 | €16,335 | €14,548 | -€1,787 | -10.9% |
| Other amounts payable | 47/48 | - | €3,711 | +€3,711 | |
| Accrued charges and deferred income | 492/3 | €2,346 | €633 | -€1,713 | -73.0% |
| Non-recurring operating income | 76A | €27,270 | - | -€27,270 | |
| Remuneration, social security and pensions | 62 | €133,246 | €130,992 | -€2,254 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,161 | €54,546 | +€6,385 | +13.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,200 | -€6,231 | -€7,431 | |
| Other operating charges | 640/8 | €3,601 | €3,764 | +€163 | +4.5% |
| Non-recurring operating charges | 66A | €2,142 | €1,700 | -€442 | -20.6% |
| Gross operating margin | 9900 | €385,571 | €335,256 | -€50,315 | -13.0% |
| Operating profit (loss) | 9901 | €197,221 | €150,485 | -€46,737 | -23.7% |
| Financial income | 75/76B | €5,199 | €5,019 | -€181 | -3.5% |
| Recurring financial income | 75 | €5,199 | €5,019 | -€181 | -3.5% |
| Financial charges | 65/66B | €9,307 | €6,806 | -€2,501 | -26.9% |
| Recurring financial charges | 65 | €9,307 | €6,806 | -€2,501 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €193,113 | €148,697 | -€44,416 | -23.0% |
| Income taxes | 67/77 | €55,351 | €45,836 | -€9,515 | -17.2% |
| Profit (loss) for the period | 9904 | €137,763 | €102,862 | -€34,901 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,763 | €102,862 | -€34,901 | -25.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.