Age 233: 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 233
Largest movements
- Tangible fixed assets +€261,568
up €261,568 (+534.6%), from €48,925 to €310,493
of which Land and buildings: +€279,298
- Receivables within one year +€10,825
up €10,825 (+10.1%), from €107,491 to €118,316
of which Trade receivables: +€18,944
- Debts after one year +€201,854
up €201,854 (+584.5%), from €34,537 to €236,391
- Profit (loss) carried forward +€48,920
new in 2025: €48,920
- Current portion of long-term debt +€12,692
up €12,692 (+121.3%), from €10,463 to €23,155
- Tax, wage and social debts +€11,058
up €11,058 (+51.7%), from €21,405 to €32,463
of which Taxes: +€11,384
- Depreciation +€25,813
up €25,813 (+460.3%), from €5,608 to €31,422
- Gross operating margin +€19,029
up €19,029 (+19.3%), from €98,705 to €117,734
- Financial charges +€9,874
up €9,874 (+1068.7%), from €924 to €10,797
- Taxes -€8,049
down €8,049 (-26.3%), from €30,589 to €22,540
- Financial income -€1,737
down €1,737 (-91.3%), from €1,903 to €166
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.
Cash bridge derived
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 | €211,972 | €485,319 | +€273,347 | +129.0% |
| Fixed assets | 21/28 | €48,925 | €310,493 | +€261,568 | +534.6% |
| Tangible fixed assets | 22/27 | €48,925 | €310,493 | +€261,568 | +534.6% |
| Land and buildings | 22 | - | €279,298 | +€279,298 | |
| Plant, machinery and equipment | 23 | €4,581 | €1,852 | -€2,729 | -59.6% |
| Furniture and vehicles | 24 | €44,344 | €29,344 | -€15,000 | -33.8% |
| Current assets | 29/58 | €163,047 | €174,826 | +€11,779 | +7.2% |
| Amounts receivable within one year | 40/41 | €107,491 | €118,316 | +€10,825 | +10.1% |
| Trade receivables | 40 | €124 | €19,068 | +€18,944 | +15264.9% |
| Other amounts receivable | 41 | €107,367 | €99,249 | -€8,119 | -7.6% |
| Cash at bank and in hand | 54/58 | €55,399 | €56,381 | +€982 | +1.8% |
| Deferred charges and accrued income | 490/1 | €157 | €129 | -€28 | -17.8% |
| Total equity and liabilities | 10/49 | €211,972 | €485,319 | +€273,347 | +129.0% |
| Equity | 10/15 | €141,676 | €190,596 | +€48,920 | +34.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €129,276 | €129,276 | = | 0.0% |
| Non-distributable reserves | 130/1 | €665 | €665 | = | 0.0% |
| Reserves not available under the articles | 1311 | €665 | €665 | = | 0.0% |
| Distributable reserves | 133 | €128,611 | €128,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €48,920 | +€48,920 | |
| Amounts payable | 17/49 | €70,295 | €294,723 | +€224,428 | +319.3% |
| Amounts payable after more than one year | 17 | €34,537 | €236,391 | +€201,854 | +584.5% |
| Financial debts | 170/4 | €34,537 | €236,391 | +€201,854 | +584.5% |
| Amounts payable within one year | 42/48 | €35,229 | €58,332 | +€23,103 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | €10,463 | €23,155 | +€12,692 | +121.3% |
| Trade debts | 44 | €3,361 | €2,714 | -€647 | -19.2% |
| Suppliers | 440/4 | €3,361 | €2,714 | -€647 | -19.2% |
| Taxes, remuneration and social security | 45 | €21,405 | €32,463 | +€11,058 | +51.7% |
| Taxes | 450/3 | €21,078 | €32,463 | +€11,384 | +54.0% |
| Remuneration and social security | 454/9 | €326 | - | -€326 | |
| Accrued charges and deferred income | 492/3 | €529 | - | -€529 | |
| Non-recurring operating income | 76A | €8,323 | €5,950 | -€2,372 | -28.5% |
| Remuneration, social security and pensions | 62 | €154 | €205 | +€51 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,608 | €31,422 | +€25,813 | +460.3% |
| Other operating charges | 640/8 | €3,624 | €2,708 | -€916 | -25.3% |
| Non-recurring operating charges | 66A | - | €1,308 | +€1,308 | |
| Gross operating margin | 9900 | €98,705 | €117,734 | +€19,029 | +19.3% |
| Operating profit (loss) | 9901 | €89,319 | €82,092 | -€7,227 | -8.1% |
| Financial income | 75/76B | €1,903 | €166 | -€1,737 | -91.3% |
| Recurring financial income | 75 | €1,903 | €166 | -€1,737 | -91.3% |
| Financial charges | 65/66B | €924 | €10,797 | +€9,874 | +1068.7% |
| Recurring financial charges | 65 | €924 | €10,797 | +€9,874 | +1068.7% |
| Profit (loss) for the period before taxes | 9903 | €90,298 | €71,460 | -€18,838 | -20.9% |
| Income taxes | 67/77 | €30,589 | €22,540 | -€8,049 | -26.3% |
| Profit (loss) for the period | 9904 | €59,709 | €48,920 | -€10,789 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,709 | €48,920 | -€10,789 | -18.1% |
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 9 October 2026 via checked.be.