GOLDEN AGE: what changed
What changed
GOLDEN AGE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€4,719
2024 · -€1,374+€6,092
Equity
€437,291
2024 · €432,572+€4,719
Cash
€99
2024 · €0+€99
Balance sheet total
€643,122
2024 · €649,244-€6,123
Largest movements
Assets
- Receivables within one year -€192,674
down €192,674 (-30.0%), from €641,244 to €448,570
of which Other amounts receivable: -€355,505
- Stocks and contracts +€186,023
new in 2025: €186,023
Equity and liabilities
- Trade debts -€63,570
down €63,570 (-30.6%), from €207,701 to €144,131
- Other debts +€52,861
up €52,861 (+842%), from €6,278 to €59,139
Income statement
- Gross operating margin +€18,135
up €18,135 (+1,046%), from €1,734 to €19,869
- Financial charges +€9,624
up €9,624 (+1,926%), from €500 to €10,123
- Taxes +€1,718
up €1,718, from €0 to €1,718
- Other operating charges +€751
up €751 (+28.8%), from €2,608 to €3,359
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,374
Gross operating margin
+€18,135
Other operating charges
-€751
Financial income
+€50
Financial charges
-€9,624
Taxes
-€1,718
Result 2025
€4,719
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€528
Investment
-€428
Financing
€0
Cash 2024
€0
From operations (derived)
+€528
Net result for the year
+€4,719
Stocks and contracts
-€186,023
Receivables within one year
+€192,674
Trade debts
-€63,570
Tax, wage and social debts
-€132
Other debts
+€52,861
Investment (derived)
-€428
Investment in fixed assets (net)
-€428
Cash 2025
€99
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €649,244 | €643,122 | -€6,123 | -0.9% |
| Fixed assets | 21/28 | €8,000 | €8,428 | +€428 | +5.4% |
| Financial fixed assets | 28 | €8,000 | €8,428 | +€428 | +5.4% |
| Current assets | 29/58 | €641,244 | €634,693 | -€6,551 | -1.0% |
| Stocks and contracts in progress | 3 | - | €186,023 | +€186,023 | |
| Stocks | 30/36 | - | €186,023 | +€186,023 | |
| Amounts receivable within one year | 40/41 | €641,244 | €448,570 | -€192,674 | -30.0% |
| Trade receivables | 40 | €34,200 | €197,031 | +€162,831 | +476% |
| Other amounts receivable | 41 | €607,044 | €251,539 | -€355,505 | -58.6% |
| Cash at bank and in hand | 54/58 | €0 | €99 | +€99 | +62,025% |
| Total equity and liabilities | 10/49 | €649,244 | €643,122 | -€6,123 | -0.9% |
| Equity | 10/15 | €432,572 | €437,291 | +€4,719 | +1.1% |
| Contributions | 10/11 | €24,590 | €24,590 | = | 0.0% |
| Reserves | 13 | €35,050 | €35,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,050 | €35,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372,933 | €377,652 | +€4,719 | +1.3% |
| Amounts payable | 17/49 | €216,672 | €205,831 | -€10,842 | -5.0% |
| Amounts payable within one year | 42/48 | €216,672 | €205,831 | -€10,842 | -5.0% |
| Trade debts | 44 | €207,701 | €144,131 | -€63,570 | -30.6% |
| Suppliers | 440/4 | €207,701 | €144,131 | -€63,570 | -30.6% |
| Taxes, remuneration and social security | 45 | €2,693 | €2,561 | -€132 | -4.9% |
| Taxes | 450/3 | €2,693 | €2,561 | -€132 | -4.9% |
| Other amounts payable | 47/48 | €6,278 | €59,139 | +€52,861 | +842% |
| Other operating charges | 640/8 | €2,608 | €3,359 | +€751 | +28.8% |
| Gross operating margin | 9900 | €1,734 | €19,869 | +€18,135 | +1,046% |
| Operating profit (loss) | 9901 | -€874 | €16,510 | +€17,384 | |
| Financial income | 75/76B | €0 | €50 | +€50 | |
| Recurring financial income | 75 | €0 | €50 | +€50 | |
| Financial charges | 65/66B | €500 | €10,123 | +€9,624 | +1,926% |
| Recurring financial charges | 65 | €500 | €10,123 | +€9,624 | +1,926% |
| Profit (loss) for the period before taxes | 9903 | -€1,374 | €6,437 | +€7,810 | |
| Income taxes | 67/77 | €0 | €1,718 | +€1,718 | |
| Profit (loss) for the period | 9904 | -€1,374 | €4,719 | +€6,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,374 | €4,719 | +€6,092 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.