AGENCE MULIER: 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 MULIER
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+33.5%), from €5.4m to €7.2m
of which Land and buildings: +€1.8m
- Receivables within one year -€209,666
down €209,666 (-33.0%), from €635,552 to €425,887
of which Other amounts receivable: -€196,389
- Intangible fixed assets -€181,073
down €181,073 (-13.4%), from €1.3m to €1.2m
- Cash +€100,782
up €100,782 (+459%), from €21,965 to €122,747
mainly Other debts (+€2.0m) and Depreciation (+€274,536)
- Other debts +€2.0m
up €2.0m (+77.2%), from €2.6m to €4.6m
- Reserves -€279,335
down €279,335 (-30.8%), from €907,924 to €628,589
of which Distributable reserves: -€278,432
- Debts after one year -€97,701
down €97,701 (-13.7%), from €715,478 to €617,777
- Gross operating margin -€102,719
down €102,719 (-22.4%), from €457,819 to €355,100
- Depreciation -€80,070
down €80,070 (-22.6%), from €354,606 to €274,536
- Staff costs -€59,741
down €59,741 (-15.1%), from €395,830 to €336,089
- Other operating charges +€6,554
up €6,554 (+30.4%), from €21,541 to €28,095
- Financial charges -€4,847
down €4,847 (-18.7%), from €25,948 to €21,101
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,430,569 | €8,951,097 | +€1.5m | +20.5% |
| Fixed assets | 21/28 | €6,746,811 | €8,373,952 | +€1.6m | +24.1% |
| Intangible fixed assets | 21 | €1,349,406 | €1,168,333 | -€181,073 | -13.4% |
| Tangible fixed assets | 22/27 | €5,397,405 | €7,205,619 | +€1.8m | +33.5% |
| Land and buildings | 22 | €5,387,701 | €7,149,533 | +€1.8m | +32.7% |
| Furniture and vehicles | 24 | €5,399 | €52,380 | +€46,981 | +870% |
| Other tangible fixed assets | 26 | €4,306 | €3,707 | -€599 | -13.9% |
| Current assets | 29/58 | €683,758 | €577,144 | -€106,614 | -15.6% |
| Amounts receivable within one year | 40/41 | €635,552 | €425,887 | -€209,666 | -33.0% |
| Trade receivables | 40 | €138,870 | €125,593 | -€13,277 | -9.6% |
| Other amounts receivable | 41 | €496,682 | €300,293 | -€196,389 | -39.5% |
| Cash at bank and in hand | 54/58 | €21,965 | €122,747 | +€100,782 | +459% |
| Deferred charges and accrued income | 490/1 | €26,241 | €28,511 | +€2,270 | +8.7% |
| Total equity and liabilities | 10/49 | €7,430,569 | €8,951,097 | +€1.5m | +20.5% |
| Equity | 10/15 | €2,811,924 | €2,506,687 | -€305,237 | -10.9% |
| Contributions | 10/11 | €1,904,000 | €1,904,000 | = | 0.0% |
| Capital | 10 | €1,904,000 | €1,904,000 | = | 0.0% |
| Issued capital | 100 | €1,904,000 | €1,904,000 | = | 0.0% |
| Reserves | 13 | €907,924 | €628,589 | -€279,335 | -30.8% |
| Non-distributable reserves | 130/1 | €190,400 | €190,400 | = | 0.0% |
| Legal reserve | 130 | €190,400 | €190,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,978 | €36,076 | -€902 | -2.4% |
| Distributable reserves | 133 | €680,546 | €402,113 | -€278,432 | -40.9% |
| Profit (loss) carried forward | 14 | €0 | -€25,903 | -€25,903 | |
| Provisions and deferred taxes | 16 | €909 | €609 | -€301 | -33.1% |
| Deferred taxes | 168 | €909 | €609 | -€301 | -33.1% |
| Amounts payable | 17/49 | €4,617,736 | €6,443,801 | +€1.8m | +39.5% |
| Amounts payable after more than one year | 17 | €715,478 | €617,777 | -€97,701 | -13.7% |
| Financial debts | 170/4 | €715,478 | €617,777 | -€97,701 | -13.7% |
| Amounts payable within one year | 42/48 | €3,902,257 | €5,826,024 | +€1.9m | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €241,402 | €220,106 | -€21,296 | -8.8% |
| Financial debts | 43 | €78 | €0 | -€78 | -100% |
| Credit institutions | 430/8 | €78 | €0 | -€78 | -100% |
| Trade debts | 44 | €978,587 | €909,855 | -€68,732 | -7.0% |
| Suppliers | 440/4 | €978,587 | €909,855 | -€68,732 | -7.0% |
| Taxes, remuneration and social security | 45 | €79,348 | €84,937 | +€5,590 | +7.0% |
| Taxes | 450/3 | €34,318 | €32,621 | -€1,697 | -4.9% |
| Remuneration and social security | 454/9 | €45,029 | €52,316 | +€7,287 | +16.2% |
| Other amounts payable | 47/48 | €2,602,842 | €4,611,125 | +€2.0m | +77.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €46,605 | €0 | -€46,605 | -100% |
| Remuneration, social security and pensions | 62 | €395,830 | €336,089 | -€59,741 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354,606 | €274,536 | -€80,070 | -22.6% |
| Other operating charges | 640/8 | €21,541 | €28,095 | +€6,554 | +30.4% |
| Non-recurring operating charges | 66A | €13 | €0 | -€13 | -100% |
| Gross operating margin | 9900 | €457,819 | €355,100 | -€102,719 | -22.4% |
| Operating profit (loss) | 9901 | -€314,171 | -€283,621 | +€30,551 | +9.7% |
| Financial income | 75/76B | €4 | €434 | +€430 | +10,182% |
| Recurring financial income | 75 | €4 | €434 | +€430 | +10,182% |
| Financial charges | 65/66B | €25,948 | €21,101 | -€4,847 | -18.7% |
| Recurring financial charges | 65 | €25,948 | €21,101 | -€4,847 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€340,115 | -€304,288 | +€35,827 | +10.5% |
| Transfer from deferred taxes | 780 | €301 | €301 | = | 0.0% |
| Income taxes | 67/77 | €2,160 | €1,250 | -€910 | -42.1% |
| Profit (loss) for the period | 9904 | -€341,974 | -€305,237 | +€36,737 | +10.7% |
| Transfer from tax-exempt reserves | 789 | €902 | €902 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,072 | -€304,335 | +€36,737 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.