GOLDEN YEARS: what changed
GOLDEN YEARS
Largest movements
- Receivables within one year -€3,381
down €3,381 (-20.1%), from €16,832 to €13,451
of which Trade receivables: -€3,381
- Tangible fixed assets -€1,938
down €1,938 (-78.5%), from €2,471 to €532
- Cash +€292
up €292 (+12.0%), from €2,446 to €2,738
mainly Net result for the year (+€8,617) and Receivables within one year (+€3,381)
- Trade debts -€9,914
down €9,914 (-67.1%), from €14,764 to €4,850
of which Bills of exchange payable: -€11,463
- Profit (loss) carried forward +€5,577
up €5,577, from -€5,577 to €0
- Accrued charges and deferred income -€3,593
down €3,593 (-100%), from €3,593 to €0
- Reserves +€3,040
new in 2025: €3,040
- Other debts -€2,311
down €2,311 (-99.0%), from €2,334 to €23
- Gross operating margin +€17,246
up €17,246, from -€1,507 to €15,739
- Taxes +€2,671
new in 2025: €2,671
- Staff costs +€2,432
up €2,432, from €0 to €2,432
- Depreciation -€840
down €840 (-54.8%), from €1,534 to €694
- Other operating charges -€600
down €600 (-57.4%), from €1,046 to €446
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,891 | €16,953 | -€4,938 | -22.6% |
| Fixed assets | 21/28 | €2,471 | €532 | -€1,938 | -78.5% |
| Tangible fixed assets | 22/27 | €2,471 | €532 | -€1,938 | -78.5% |
| Furniture and vehicles | 24 | €2,471 | €532 | -€1,938 | -78.5% |
| Current assets | 29/58 | €19,420 | €16,421 | -€2,999 | -15.4% |
| Amounts receivable within one year | 40/41 | €16,832 | €13,451 | -€3,381 | -20.1% |
| Trade receivables | 40 | €16,832 | €13,451 | -€3,381 | -20.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,446 | €2,738 | +€292 | +12.0% |
| Deferred charges and accrued income | 490/1 | €142 | €231 | +€89 | +63.0% |
| Total equity and liabilities | 10/49 | €21,891 | €16,953 | -€4,938 | -22.6% |
| Equity | 10/15 | -€577 | €8,040 | +€8,617 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,040 | +€3,040 | |
| Distributable reserves | 133 | - | €3,040 | +€3,040 | |
| Profit (loss) carried forward | 14 | -€5,577 | €0 | +€5,577 | |
| Amounts payable | 17/49 | €22,468 | €8,913 | -€13,554 | -60.3% |
| Amounts payable within one year | 42/48 | €18,875 | €8,913 | -€9,961 | -52.8% |
| Financial debts | 43 | €319 | €969 | +€650 | +204% |
| Credit institutions | 430/8 | €319 | €969 | +€650 | +204% |
| Trade debts | 44 | €14,764 | €4,850 | -€9,914 | -67.1% |
| Suppliers | 440/4 | €3,301 | €4,850 | +€1,549 | +46.9% |
| Bills of exchange payable | 441 | €11,463 | €0 | -€11,463 | -100% |
| Taxes, remuneration and social security | 45 | €1,458 | €3,072 | +€1,614 | +111% |
| Taxes | 450/3 | €1,458 | €3,072 | +€1,614 | +111% |
| Other amounts payable | 47/48 | €2,334 | €23 | -€2,311 | -99.0% |
| Accrued charges and deferred income | 492/3 | €3,593 | €0 | -€3,593 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €2,432 | +€2,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,534 | €694 | -€840 | -54.8% |
| Other operating charges | 640/8 | €1,046 | €446 | -€600 | -57.4% |
| Non-recurring operating charges | 66A | - | €245 | +€245 | |
| Gross operating margin | 9900 | -€1,507 | €15,739 | +€17,246 | |
| Operating profit (loss) | 9901 | -€4,086 | €11,923 | +€16,009 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €502 | €636 | +€133 | +26.5% |
| Recurring financial charges | 65 | €502 | €636 | +€133 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,589 | €11,288 | +€15,876 | |
| Income taxes | 67/77 | - | €2,671 | +€2,671 | |
| Profit (loss) for the period | 9904 | -€4,589 | €8,617 | +€13,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,589 | €8,617 | +€13,206 |
Next steps
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 7 November 2026 via checked.be.