Young at heart: what changed
Young at heart
Largest movements
- Tangible fixed assets +€164,864
up €164,864 (+33.6%), from €490,388 to €655,251
of which Land and buildings: +€159,965
- Cash -€74,094
down €74,094 (-84.1%), from €88,109 to €14,015
mainly Investment in fixed assets (net) (-€195,730) and Receivables within one year (-€46,418)
- Receivables within one year +€46,418
up €46,418 (+146%), from €31,820 to €78,237
of which Trade receivables: +€37,958
- Debts after one year +€93,509
up €93,509 (+19.0%), from €492,497 to €586,007
- Trade debts +€40,191
up €40,191 (+567%), from €7,084 to €47,275
- Depreciation +€6,338
up €6,338 (+25.8%), from €24,529 to €30,867
- Gross operating margin -€6,025
down €6,025 (-7.9%), from €76,535 to €70,510
- Financial charges +€4,621
up €4,621 (+27.0%), from €17,132 to €21,753
- Taxes -€3,187
down €3,187 (-53.2%), from €5,993 to €2,806
- Other operating charges -€1,430
down €1,430 (-10.0%), from €14,281 to €12,851
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 | €614,698 | €753,197 | +€138,499 | +22.5% |
| Fixed assets | 21/28 | €490,478 | €655,341 | +€164,864 | +33.6% |
| Tangible fixed assets | 22/27 | €490,388 | €655,251 | +€164,864 | +33.6% |
| Land and buildings | 22 | €487,547 | €647,512 | +€159,965 | +32.8% |
| Plant, machinery and equipment | 23 | €2,187 | €1,266 | -€922 | -42.1% |
| Furniture and vehicles | 24 | €653 | €120 | -€533 | -81.6% |
| Other tangible fixed assets | 26 | - | €6,354 | +€6,354 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €124,221 | €97,856 | -€26,365 | -21.2% |
| Amounts receivable within one year | 40/41 | €31,820 | €78,237 | +€46,418 | +146% |
| Trade receivables | 40 | €27,569 | €65,527 | +€37,958 | +138% |
| Other amounts receivable | 41 | €4,250 | €12,710 | +€8,460 | +199% |
| Cash at bank and in hand | 54/58 | €88,109 | €14,015 | -€74,094 | -84.1% |
| Deferred charges and accrued income | 490/1 | €4,292 | €5,604 | +€1,312 | +30.6% |
| Total equity and liabilities | 10/49 | €614,698 | €753,197 | +€138,499 | +22.5% |
| Equity | 10/15 | €72,796 | €75,348 | +€2,552 | +3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,796 | €55,348 | +€2,552 | +4.8% |
| Distributable reserves | 133 | €52,796 | €55,348 | +€2,552 | +4.8% |
| Amounts payable | 17/49 | €541,902 | €677,849 | +€135,947 | +25.1% |
| Amounts payable after more than one year | 17 | €492,497 | €586,007 | +€93,509 | +19.0% |
| Financial debts | 170/4 | €492,497 | €586,007 | +€93,509 | +19.0% |
| Amounts payable within one year | 42/48 | €49,405 | €91,842 | +€42,437 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €19,930 | €24,855 | +€4,924 | +24.7% |
| Trade debts | 44 | €7,084 | €47,275 | +€40,191 | +567% |
| Suppliers | 440/4 | €7,084 | €47,275 | +€40,191 | +567% |
| Taxes, remuneration and social security | 45 | €12,843 | €16,086 | +€3,243 | +25.3% |
| Taxes | 450/3 | €12,843 | €16,086 | +€3,243 | +25.3% |
| Other amounts payable | 47/48 | €9,548 | €3,627 | -€5,921 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,529 | €30,867 | +€6,338 | +25.8% |
| Other operating charges | 640/8 | €14,281 | €12,851 | -€1,430 | -10.0% |
| Gross operating margin | 9900 | €76,535 | €70,510 | -€6,025 | -7.9% |
| Operating profit (loss) | 9901 | €37,725 | €26,792 | -€10,933 | -29.0% |
| Financial income | 75/76B | €468 | €319 | -€149 | -31.9% |
| Recurring financial income | 75 | €468 | €319 | -€149 | -31.9% |
| Financial charges | 65/66B | €17,132 | €21,753 | +€4,621 | +27.0% |
| Recurring financial charges | 65 | €17,132 | €21,753 | +€4,621 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €21,061 | €5,358 | -€15,703 | -74.6% |
| Income taxes | 67/77 | €5,993 | €2,806 | -€3,187 | -53.2% |
| Profit (loss) for the period | 9904 | €15,067 | €2,552 | -€12,515 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,067 | €2,552 | -€12,515 | -83.1% |
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.