CAGE: 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.
CAGE
Largest movements
- Tangible fixed assets -€5,563
down €5,563 (-5.9%), from €93,619 to €88,056
- Receivables within one year -€1,610
down €1,610 (-6.3%), from €25,522 to €23,912
- Profit (loss) carried forward -€11,256
down €11,256 (-14.0%), from €80,608 to €69,353
- Other debts +€6,191
up €6,191 (+919.9%), from €673 to €6,863
- Trade debts -€2,061
down €2,061 (-55.2%), from €3,735 to €1,674
- Gross operating margin -€178
down €178 (-14.7%), from -€1,214 to -€1,392
- Other operating charges +€137
up €137 (+3.4%), from €4,003 to €4,140
- Financial charges +€22
up €22 (+15.8%), from €139 to €160
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 | €119,141 | €111,975 | -€7,166 | -6.0% |
| Fixed assets | 21/28 | €93,619 | €88,056 | -€5,563 | -5.9% |
| Tangible fixed assets | 22/27 | €93,619 | €88,056 | -€5,563 | -5.9% |
| Land and buildings | 22 | €93,619 | €88,056 | -€5,563 | -5.9% |
| Current assets | 29/58 | €25,522 | €23,919 | -€1,603 | -6.3% |
| Amounts receivable within one year | 40/41 | €25,522 | €23,912 | -€1,610 | -6.3% |
| Other amounts receivable | 41 | €25,522 | €23,912 | -€1,610 | -6.3% |
| Cash at bank and in hand | 54/58 | - | €7 | +€7 | |
| Total equity and liabilities | 10/49 | €119,141 | €111,975 | -€7,166 | -6.0% |
| Equity | 10/15 | €114,694 | €103,438 | -€11,256 | -9.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,608 | €69,353 | -€11,256 | -14.0% |
| Amounts payable | 17/49 | €4,447 | €8,537 | +€4,090 | +92.0% |
| Amounts payable within one year | 42/48 | €4,447 | €8,537 | +€4,090 | +92.0% |
| Financial debts | 43 | €40 | - | -€40 | |
| Credit institutions | 430/8 | €40 | - | -€40 | |
| Trade debts | 44 | €3,735 | €1,674 | -€2,061 | -55.2% |
| Suppliers | 440/4 | €3,735 | €1,674 | -€2,061 | -55.2% |
| Other amounts payable | 47/48 | €673 | €6,863 | +€6,191 | +919.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,563 | €5,563 | = | 0.0% |
| Other operating charges | 640/8 | €4,003 | €4,140 | +€137 | +3.4% |
| Gross operating margin | 9900 | -€1,214 | -€1,392 | -€178 | -14.7% |
| Operating profit (loss) | 9901 | -€10,780 | -€11,095 | -€315 | -2.9% |
| Financial charges | 65/66B | €139 | €160 | +€22 | +15.8% |
| Recurring financial charges | 65 | €139 | €160 | +€22 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,919 | -€11,256 | -€337 | -3.1% |
| Profit (loss) for the period | 9904 | -€10,919 | -€11,256 | -€337 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,919 | -€11,256 | -€337 | -3.1% |
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 10 October 2026 via checked.be.