5th Agency: 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.
5th Agency
Largest movements
- Cash +€17,165
up €17,165 (+60.2%), from €28,518 to €45,683
mainly Net result for the year (+€26,806) and Depreciation (+€6,058)
- Deferred charges and accrued income +€2,258
up €2,258 (+105%), from €2,157 to €4,415
- Reserves +€26,806
up €26,806 (+57.0%), from €47,024 to €73,830
- Debts after one year -€2,655
down €2,655 (-22.1%), from €12,015 to €9,359
- Tax, wage and social debts -€1,451
down €1,451 (-23.1%), from €6,292 to €4,842
- Trade debts -€1,107
down €1,107 (-38.5%), from €2,876 to €1,769
- Depreciation +€4,278
up €4,278 (+240%), from €1,780 to €6,058
- Gross operating margin -€3,621
down €3,621 (-8.1%), from €44,742 to €41,121
- Taxes -€1,694
down €1,694 (-19.3%), from €8,778 to €7,084
- Financial charges +€504
up €504 (+260%), from €194 to €699
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,844 | €96,949 | +€21,104 | +27.8% |
| Fixed assets | 21/28 | €19,212 | €19,953 | +€741 | +3.9% |
| Tangible fixed assets | 22/27 | €19,212 | €19,953 | +€741 | +3.9% |
| Furniture and vehicles | 24 | €16,460 | €16,000 | -€460 | -2.8% |
| Leasing and similar rights | 25 | €2,752 | €1,926 | -€826 | -30.0% |
| Other tangible fixed assets | 26 | - | €2,026 | +€2,026 | |
| Current assets | 29/58 | €56,632 | €76,996 | +€20,364 | +36.0% |
| Amounts receivable within one year | 40/41 | €25,958 | €26,899 | +€941 | +3.6% |
| Trade receivables | 40 | €24,004 | €25,761 | +€1,757 | +7.3% |
| Other amounts receivable | 41 | €1,954 | €1,138 | -€816 | -41.8% |
| Cash at bank and in hand | 54/58 | €28,518 | €45,683 | +€17,165 | +60.2% |
| Deferred charges and accrued income | 490/1 | €2,157 | €4,415 | +€2,258 | +105% |
| Total equity and liabilities | 10/49 | €75,844 | €96,949 | +€21,104 | +27.8% |
| Equity | 10/15 | €51,024 | €77,830 | +€26,806 | +52.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €47,024 | €73,830 | +€26,806 | +57.0% |
| Distributable reserves | 133 | €47,024 | €73,830 | +€26,806 | +57.0% |
| Amounts payable | 17/49 | €24,820 | €19,119 | -€5,701 | -23.0% |
| Amounts payable after more than one year | 17 | €12,015 | €9,359 | -€2,655 | -22.1% |
| Financial debts | 170/4 | €12,015 | €9,359 | -€2,655 | -22.1% |
| Amounts payable within one year | 42/48 | €12,487 | €9,760 | -€2,728 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €3,020 | €2,892 | -€129 | -4.3% |
| Trade debts | 44 | €2,876 | €1,769 | -€1,107 | -38.5% |
| Suppliers | 440/4 | €2,876 | €1,769 | -€1,107 | -38.5% |
| Taxes, remuneration and social security | 45 | €6,292 | €4,842 | -€1,451 | -23.1% |
| Taxes | 450/3 | €6,292 | €4,842 | -€1,451 | -23.1% |
| Other amounts payable | 47/48 | €299 | €258 | -€41 | -13.8% |
| Accrued charges and deferred income | 492/3 | €318 | - | -€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €6,058 | +€4,278 | +240% |
| Other operating charges | 640/8 | €343 | €476 | +€133 | +38.7% |
| Gross operating margin | 9900 | €44,742 | €41,121 | -€3,621 | -8.1% |
| Operating profit (loss) | 9901 | €42,618 | €34,587 | -€8,031 | -18.8% |
| Financial income | 75/76B | €14 | €1 | -€12 | -89.7% |
| Recurring financial income | 75 | €14 | €1 | -€12 | -89.7% |
| Financial charges | 65/66B | €194 | €699 | +€504 | +260% |
| Recurring financial charges | 65 | €194 | €699 | +€504 | +260% |
| Profit (loss) for the period before taxes | 9903 | €42,438 | €33,890 | -€8,548 | -20.1% |
| Income taxes | 67/77 | €8,778 | €7,084 | -€1,694 | -19.3% |
| Profit (loss) for the period | 9904 | €33,660 | €26,806 | -€6,854 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,660 | €26,806 | -€6,854 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.