CAGES: what changed
Two fiscal 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.
CAGES
Largest movements
- Tangible fixed assets -€8,930
down €8,930 (-5.1%), from €176,367 to €167,437
- Profit (loss) carried forward -€12,992
down €12,992 (-3.7%), from -€350,204 to -€363,196
- Other debts +€4,062
up €4,062 (+5.5%), from €73,375 to €77,437
- Gross operating margin -€217
down €217 (-10.5%), from -€2,068 to -€2,285
- Other operating charges +€52
up €52 (+3.0%), from €1,726 to €1,778
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,747 | €169,817 | -€8,930 | -5.0% |
| Fixed assets | 21/28 | €176,836 | €167,906 | -€8,930 | -5.0% |
| Tangible fixed assets | 22/27 | €176,367 | €167,437 | -€8,930 | -5.1% |
| Land and buildings | 22 | €176,367 | €167,437 | -€8,930 | -5.1% |
| Financial fixed assets | 28 | €469 | €469 | = | 0.0% |
| Current assets | 29/58 | €1,911 | €1,911 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,911 | €1,911 | = | 0.0% |
| Other amounts receivable | 41 | €1,911 | €1,911 | = | 0.0% |
| Total equity and liabilities | 10/49 | €178,747 | €169,817 | -€8,930 | -5.0% |
| Equity | 10/15 | -€288,204 | -€301,196 | -€12,992 | -4.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,204 | -€363,196 | -€12,992 | -3.7% |
| Amounts payable | 17/49 | €466,951 | €471,013 | +€4,062 | +0.9% |
| Amounts payable within one year | 42/48 | €466,951 | €471,013 | +€4,062 | +0.9% |
| Trade debts | 44 | €393,182 | €393,182 | = | 0.0% |
| Suppliers | 440/4 | €393,182 | €393,182 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €394 | €394 | = | 0.0% |
| Taxes | 450/3 | €394 | €394 | = | 0.0% |
| Other amounts payable | 47/48 | €73,375 | €77,437 | +€4,062 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,929 | €8,929 | = | 0.0% |
| Other operating charges | 640/8 | €1,726 | €1,778 | +€52 | +3.0% |
| Gross operating margin | 9900 | -€2,068 | -€2,285 | -€217 | -10.5% |
| Operating profit (loss) | 9901 | -€12,723 | -€12,992 | -€269 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,723 | -€12,992 | -€269 | -2.1% |
| Profit (loss) for the period | 9904 | -€12,723 | -€12,992 | -€269 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,723 | -€12,992 | -€269 | -2.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.