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 +€199,264
up €199,264 (+304.9%), from €65,358 to €264,622
of which Land and buildings: +€217,766
- Cash -€73,550
down €73,550 (-83.1%), from €88,542 to €14,992
mainly Investment in fixed assets (net) (-€225,309)
- Receivables within one year -€3,602
down €3,602 (-17.2%), from €20,983 to €17,381
of which Other amounts receivable: -€6,527
- Debts after one year +€87,604
up €87,604 (+584.0%), from €15,001 to €102,605
of which Financial debts: +€102,605
- Other debts +€12,799
up €12,799 (+25.1%), from €51,000 to €63,799
- Reserves +€11,094
up €11,094 (+16.3%), from €68,176 to €79,270
- Current portion of long-term debt +€9,430
up €9,430 (+135.0%), from €6,986 to €16,416
- Gross operating margin -€30,135
down €30,135 (-36.9%), from €81,715 to €51,580
- Taxes -€13,099
down €13,099 (-62.7%), from €20,888 to €7,789
- Depreciation +€7,614
up €7,614 (+41.3%), from €18,431 to €26,045
- Financial charges +€3,638
up €3,638 (+252.5%), from €1,441 to €5,079
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,883 | €296,995 | +€122,112 | +69.8% |
| Fixed assets | 21/28 | €65,358 | €264,622 | +€199,264 | +304.9% |
| Tangible fixed assets | 22/27 | €65,358 | €264,622 | +€199,264 | +304.9% |
| Land and buildings | 22 | €7,951 | €225,717 | +€217,766 | +2738.9% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €57,407 | €38,905 | -€18,502 | -32.2% |
| Current assets | 29/58 | €109,525 | €32,373 | -€77,152 | -70.4% |
| Amounts receivable within one year | 40/41 | €20,983 | €17,381 | -€3,602 | -17.2% |
| Trade receivables | 40 | €14,456 | €17,381 | +€2,925 | +20.2% |
| Other amounts receivable | 41 | €6,527 | - | -€6,527 | |
| Cash at bank and in hand | 54/58 | €88,542 | €14,992 | -€73,550 | -83.1% |
| Total equity and liabilities | 10/49 | €174,883 | €296,995 | +€122,112 | +69.8% |
| Equity | 10/15 | €69,676 | €80,770 | +€11,094 | +15.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €68,176 | €79,270 | +€11,094 | +16.3% |
| Distributable reserves | 133 | €68,176 | €79,270 | +€11,094 | +16.3% |
| Amounts payable | 17/49 | €105,206 | €216,225 | +€111,019 | +105.5% |
| Amounts payable after more than one year | 17 | €15,001 | €102,605 | +€87,604 | +584.0% |
| Financial debts | 170/4 | - | €102,605 | +€102,605 | |
| Other amounts payable | 178/9 | €15,001 | - | -€15,001 | |
| Amounts payable within one year | 42/48 | €90,205 | €113,620 | +€23,415 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €6,986 | €16,416 | +€9,430 | +135.0% |
| Trade debts | 44 | €480 | €782 | +€302 | +62.8% |
| Suppliers | 440/4 | €480 | €782 | +€302 | +62.8% |
| Taxes, remuneration and social security | 45 | €31,739 | €32,623 | +€884 | +2.8% |
| Taxes | 450/3 | €31,739 | €32,623 | +€884 | +2.8% |
| Other amounts payable | 47/48 | €51,000 | €63,799 | +€12,799 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,431 | €26,045 | +€7,614 | +41.3% |
| Other operating charges | 640/8 | €932 | €1,640 | +€708 | +75.9% |
| Gross operating margin | 9900 | €81,715 | €51,580 | -€30,135 | -36.9% |
| Operating profit (loss) | 9901 | €62,352 | €23,895 | -€38,457 | -61.7% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €1,441 | €5,079 | +€3,638 | +252.5% |
| Recurring financial charges | 65 | €1,441 | €5,079 | +€3,638 | +252.5% |
| Profit (loss) for the period before taxes | 9903 | €60,912 | €18,882 | -€42,030 | -69.0% |
| Income taxes | 67/77 | €20,888 | €7,789 | -€13,099 | -62.7% |
| Profit (loss) for the period | 9904 | €40,024 | €11,093 | -€28,931 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,024 | €11,093 | -€28,931 | -72.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.