AGENCE DEFFERNEZ: 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.
AGENCE DEFFERNEZ
Largest movements
- Current investments +€330,000
new in 2025: €330,000
- Financial fixed assets -€238,526
down €238,526 (-89.8%), from €265,500 to €26,974
- Cash +€52,341
up €52,341 (+225%), from €23,305 to €75,646
mainly Investment in fixed assets (net) (+€232,282) and Net result for the year (+€204,737)
- Tangible fixed assets -€11,679
down €11,679 (-3.1%), from €371,142 to €359,464
of which Land and buildings: -€10,926
- Reserves +€203,904
up €203,904 (+267%), from €76,238 to €280,142
of which Distributable reserves: +€205,553
- Debts after one year -€135,624
down €135,624 (-27.4%), from €494,108 to €358,484
- Other debts +€85,508
up €85,508 (+1,444%), from €5,923 to €91,431
- Current portion of long-term debt -€26,525
down €26,525 (-57.5%), from €46,170 to €19,645
- Financial income +€220,462
up €220,462 (+136,653%), from €161 to €220,623
- Gross operating margin -€40,113
down €40,113 (-52.2%), from €76,806 to €36,693
- Taxes +€6,922
up €6,922 (+38.1%), from €18,190 to €25,112
- Depreciation +€1,014
up €1,014 (+6.0%), from €16,909 to €17,923
- Financial charges +€962
up €962 (+11.3%), from €8,528 to €9,490
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 | €666,389 | €792,452 | +€126,063 | +18.9% |
| Fixed assets | 21/28 | €636,642 | €386,437 | -€250,205 | -39.3% |
| Tangible fixed assets | 22/27 | €371,142 | €359,464 | -€11,679 | -3.1% |
| Land and buildings | 22 | €369,136 | €358,210 | -€10,926 | -3.0% |
| Furniture and vehicles | 24 | €1,097 | €747 | -€350 | -31.9% |
| Other tangible fixed assets | 26 | €909 | €506 | -€403 | -44.4% |
| Financial fixed assets | 28 | €265,500 | €26,974 | -€238,526 | -89.8% |
| Current assets | 29/58 | €29,746 | €406,014 | +€376,268 | +1,265% |
| Amounts receivable within one year | 40/41 | €5,333 | €139 | -€5,194 | -97.4% |
| Other amounts receivable | 41 | €5,333 | €139 | -€5,194 | -97.4% |
| Current investments | 50/53 | - | €330,000 | +€330,000 | |
| Cash at bank and in hand | 54/58 | €23,305 | €75,646 | +€52,341 | +225% |
| Deferred charges and accrued income | 490/1 | €1,108 | €229 | -€879 | -79.3% |
| Total equity and liabilities | 10/49 | €666,389 | €792,452 | +€126,063 | +18.9% |
| Equity | 10/15 | €82,438 | €286,342 | +€203,904 | +247% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,238 | €280,142 | +€203,904 | +267% |
| Tax-exempt reserves | 132 | €41,574 | €39,926 | -€1,649 | -4.0% |
| Distributable reserves | 133 | €34,664 | €240,217 | +€205,553 | +593% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,407 | €20,558 | -€849 | -4.0% |
| Deferred taxes | 168 | €21,407 | €20,558 | -€849 | -4.0% |
| Amounts payable | 17/49 | €562,544 | €485,551 | -€76,993 | -13.7% |
| Amounts payable after more than one year | 17 | €494,108 | €358,484 | -€135,624 | -27.4% |
| Financial debts | 170/4 | €494,108 | €358,484 | -€135,624 | -27.4% |
| Amounts payable within one year | 42/48 | €68,436 | €127,067 | +€58,631 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €46,170 | €19,645 | -€26,525 | -57.5% |
| Financial debts | 43 | €2,921 | €3,200 | +€279 | +9.5% |
| Credit institutions | 430/8 | €254 | €0 | -€254 | -100% |
| Other loans | 439 | €2,667 | €3,200 | +€533 | +20.0% |
| Trade debts | 44 | €1,820 | €2,602 | +€782 | +43.0% |
| Suppliers | 440/4 | €1,820 | €2,602 | +€782 | +43.0% |
| Taxes, remuneration and social security | 45 | €11,602 | €10,190 | -€1,412 | -12.2% |
| Taxes | 450/3 | €11,602 | €10,190 | -€1,412 | -12.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,923 | €91,431 | +€85,508 | +1,444% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,909 | €17,923 | +€1,014 | +6.0% |
| Other operating charges | 640/8 | €637 | €904 | +€267 | +41.9% |
| Gross operating margin | 9900 | €76,806 | €36,693 | -€40,113 | -52.2% |
| Operating profit (loss) | 9901 | €59,260 | €17,867 | -€41,394 | -69.9% |
| Financial income | 75/76B | €161 | €220,623 | +€220,462 | +136,653% |
| Recurring financial income | 75 | €161 | €220,623 | +€220,462 | +136,653% |
| Financial charges | 65/66B | €8,528 | €9,490 | +€962 | +11.3% |
| Recurring financial charges | 65 | €8,528 | €9,490 | +€962 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €50,894 | €229,000 | +€178,106 | +350% |
| Transfer from deferred taxes | 780 | €849 | €849 | = | 0.0% |
| Income taxes | 67/77 | €18,190 | €25,112 | +€6,922 | +38.1% |
| Profit (loss) for the period | 9904 | €33,553 | €204,737 | +€171,184 | +510% |
| Transfer from tax-exempt reserves | 789 | €1,649 | €1,649 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,202 | €206,386 | +€171,184 | +486% |
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 1 November 2026 via checked.be.