absolute agency: 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.
absolute agency
Largest movements
- Receivables within one year -€58,391
down €58,391 (-36.3%), from €160,892 to €102,501
of which Trade receivables: -€60,916
- Tangible fixed assets -€20,519
down €20,519 (-79.3%), from €25,877 to €5,358
- Cash -€13,263
down €13,263 (-16.2%), from €81,954 to €68,691
mainly Debts after one year (-€39,648) and Tax, wage and social debts (-€30,322)
- Debts after one year -€39,648
down €39,648 (-49.9%), from €79,450 to €39,802
- Tax, wage and social debts -€30,322
down €30,322 (-66.5%), from €45,590 to €15,268
of which Taxes: -€30,010
- Trade debts -€20,667
down €20,667 (-31.5%), from €65,525 to €44,858
- Profit (loss) carried forward +€9,959
up €9,959 (+6.4%), from -€156,259 to -€146,300
- Investment grants -€7,120
down €7,120 (-7.7%), from €92,752 to €85,632
- Gross operating margin -€124,855
down €124,855 (-58.3%), from €214,246 to €89,391
- Staff costs -€10,248
down €10,248 (-11.4%), from €90,110 to €79,862
- Depreciation -€6,830
down €6,830 (-79.8%), from €8,562 to €1,732
- Financial charges -€5,787
down €5,787 (-69.6%), from €8,309 to €2,522
- Other operating charges -€3,898
down €3,898 (-60.1%), from €6,491 to €2,593
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.
Cash bridge derived
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 | €273,772 | €181,600 | -€92,172 | -33.7% |
| Fixed assets | 21/28 | €30,927 | €10,408 | -€20,519 | -66.3% |
| Tangible fixed assets | 22/27 | €25,877 | €5,358 | -€20,519 | -79.3% |
| Furniture and vehicles | 24 | €25,877 | €5,358 | -€20,519 | -79.3% |
| Financial fixed assets | 28 | €5,050 | €5,050 | = | 0.0% |
| Current assets | 29/58 | €242,846 | €171,192 | -€71,654 | -29.5% |
| Amounts receivable within one year | 40/41 | €160,892 | €102,501 | -€58,391 | -36.3% |
| Trade receivables | 40 | €143,721 | €82,805 | -€60,916 | -42.4% |
| Other amounts receivable | 41 | €17,170 | €19,696 | +€2,526 | +14.7% |
| Cash at bank and in hand | 54/58 | €81,954 | €68,691 | -€13,263 | -16.2% |
| Total equity and liabilities | 10/49 | €273,772 | €181,600 | -€92,172 | -33.7% |
| Equity | 10/15 | €56,712 | €58,523 | +€1,811 | +3.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €110,218 | €109,191 | -€1,027 | -0.9% |
| Tax-exempt reserves | 132 | €13,358 | €12,331 | -€1,027 | -7.7% |
| Distributable reserves | 133 | €96,860 | €96,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,259 | -€146,300 | +€9,959 | +6.4% |
| Investment grants | 15 | €92,752 | €85,632 | -€7,120 | -7.7% |
| Provisions and deferred taxes | 16 | €6,879 | €6,349 | -€530 | -7.7% |
| Deferred taxes | 168 | €6,879 | €6,349 | -€530 | -7.7% |
| Amounts payable | 17/49 | €210,182 | €116,728 | -€93,454 | -44.5% |
| Amounts payable after more than one year | 17 | €79,450 | €39,802 | -€39,648 | -49.9% |
| Financial debts | 170/4 | €79,450 | €39,802 | -€39,648 | -49.9% |
| Amounts payable within one year | 42/48 | €130,732 | €76,926 | -€53,806 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €19,617 | €16,800 | -€2,817 | -14.4% |
| Trade debts | 44 | €65,525 | €44,858 | -€20,667 | -31.5% |
| Suppliers | 440/4 | €65,525 | €44,858 | -€20,667 | -31.5% |
| Taxes, remuneration and social security | 45 | €45,590 | €15,268 | -€30,322 | -66.5% |
| Taxes | 450/3 | €37,414 | €7,404 | -€30,010 | -80.2% |
| Remuneration and social security | 454/9 | €8,175 | €7,864 | -€311 | -3.8% |
| Remuneration, social security and pensions | 62 | €90,110 | €79,862 | -€10,248 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,562 | €1,732 | -€6,830 | -79.8% |
| Other operating charges | 640/8 | €6,491 | €2,593 | -€3,898 | -60.1% |
| Gross operating margin | 9900 | €214,246 | €89,391 | -€124,855 | -58.3% |
| Operating profit (loss) | 9901 | €109,083 | €5,204 | -€103,879 | -95.2% |
| Financial income | 75/76B | €7,137 | €7,248 | +€111 | +1.6% |
| Recurring financial income | 75 | €7,137 | €7,248 | +€111 | +1.6% |
| Financial charges | 65/66B | €8,309 | €2,522 | -€5,787 | -69.6% |
| Recurring financial charges | 65 | €8,309 | €2,522 | -€5,787 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €107,911 | €9,930 | -€97,981 | -90.8% |
| Transfer from deferred taxes | 780 | €529 | €529 | -€0 | 0.0% |
| Income taxes | 67/77 | €775 | €1,527 | +€752 | +96.9% |
| Profit (loss) for the period | 9904 | €107,665 | €8,932 | -€98,733 | -91.7% |
| Transfer from tax-exempt reserves | 789 | €1,028 | €1,027 | -€1 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,692 | €9,959 | -€98,733 | -90.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.