Agence NSC: 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 NSC
Largest movements
- Cash +€231,718
up €231,718 (+75.6%), from €306,589 to €538,307
mainly Net result for the year (+€523,569) and Short-term financial debts (+€79,314)
- Receivables within one year -€74,524
down €74,524 (-90.2%), from €82,655 to €8,132
of which Other amounts receivable: -€66,152
- Deferred charges and accrued income -€25,611
down €25,611 (-63.4%), from €40,385 to €14,774
- Tangible fixed assets -€10,001
down €10,001 (-8.3%), from €119,856 to €109,856
of which Furniture and vehicles: -€9,264
- Short-term financial debts +€79,314
up €79,314 (+105%), from €75,307 to €154,620
- Tax, wage and social debts +€27,082
up €27,082 (+109%), from €24,873 to €51,955
of which Taxes: +€25,105
- Other debts +€23,869
up €23,869 (+7.2%), from €331,700 to €355,569
- Trade debts -€7,979
down €7,979 (-32.8%), from €24,350 to €16,371
- Gross operating margin +€273,085
up €273,085 (+41.2%), from €662,665 to €935,751
- Taxes +€82,472
up €82,472 (+66.0%), from €125,050 to €207,522
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,956 | €677,539 | +€121,583 | +21.9% |
| Fixed assets | 21/28 | €126,326 | €116,326 | -€10,001 | -7.9% |
| Tangible fixed assets | 22/27 | €119,856 | €109,856 | -€10,001 | -8.3% |
| Plant, machinery and equipment | 23 | €6,689 | €5,772 | -€918 | -13.7% |
| Furniture and vehicles | 24 | €18,232 | €8,968 | -€9,264 | -50.8% |
| Other tangible fixed assets | 26 | €94,935 | €95,116 | +€181 | +0.2% |
| Financial fixed assets | 28 | €6,470 | €6,470 | = | 0.0% |
| Current assets | 29/58 | €429,629 | €561,213 | +€131,584 | +30.6% |
| Amounts receivable within one year | 40/41 | €82,655 | €8,132 | -€74,524 | -90.2% |
| Trade receivables | 40 | €10,350 | €1,978 | -€8,372 | -80.9% |
| Other amounts receivable | 41 | €72,305 | €6,154 | -€66,152 | -91.5% |
| Cash at bank and in hand | 54/58 | €306,589 | €538,307 | +€231,718 | +75.6% |
| Deferred charges and accrued income | 490/1 | €40,385 | €14,774 | -€25,611 | -63.4% |
| Total equity and liabilities | 10/49 | €555,956 | €677,539 | +€121,583 | +21.9% |
| Equity | 10/15 | €97,815 | €97,648 | -€167 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,000 | €79,000 | = | 0.0% |
| Distributable reserves | 133 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215 | €48 | -€167 | -77.8% |
| Amounts payable | 17/49 | €458,141 | €579,891 | +€121,751 | +26.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €458,141 | €578,515 | +€120,374 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €1,911 | €0 | -€1,911 | -100% |
| Financial debts | 43 | €75,307 | €154,620 | +€79,314 | +105% |
| Credit institutions | 430/8 | €75,307 | €154,620 | +€79,314 | +105% |
| Trade debts | 44 | €24,350 | €16,371 | -€7,979 | -32.8% |
| Suppliers | 440/4 | €24,350 | €16,371 | -€7,979 | -32.8% |
| Taxes, remuneration and social security | 45 | €24,873 | €51,955 | +€27,082 | +109% |
| Taxes | 450/3 | €6,600 | €31,705 | +€25,105 | +380% |
| Remuneration and social security | 454/9 | €18,273 | €20,250 | +€1,977 | +10.8% |
| Other amounts payable | 47/48 | €331,700 | €355,569 | +€23,869 | +7.2% |
| Accrued charges and deferred income | 492/3 | - | €1,376 | +€1,376 | |
| Remuneration, social security and pensions | 62 | €124,640 | €122,569 | -€2,071 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,576 | €26,797 | -€6,780 | -20.2% |
| Other operating charges | 640/8 | €17,451 | €22,981 | +€5,530 | +31.7% |
| Gross operating margin | 9900 | €662,665 | €935,751 | +€273,085 | +41.2% |
| Operating profit (loss) | 9901 | €486,999 | €763,404 | +€276,405 | +56.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €30,236 | €32,313 | +€2,077 | +6.9% |
| Recurring financial charges | 65 | €30,236 | €32,313 | +€2,077 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €456,763 | €731,091 | +€274,328 | +60.1% |
| Income taxes | 67/77 | €125,050 | €207,522 | +€82,472 | +66.0% |
| Profit (loss) for the period | 9904 | €331,713 | €523,569 | +€191,856 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €331,713 | €523,569 | +€191,856 | +57.8% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.