AGENCE VB: 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 VB
Largest movements
- Cash +€255,234
up €255,234 (+158.1%), from €161,470 to €416,704
mainly Advances received (+€280,651) and Depreciation (+€80,673)
- Intangible fixed assets -€60,000
down €60,000 (-17.5%), from €342,459 to €282,459
- Receivables within one year +€19,434
up €19,434 (+19.7%), from €98,508 to €117,942
of which Trade receivables: +€20,944
- Tangible fixed assets +€12,285
up €12,285 (+13.1%), from €93,653 to €105,938
of which Plant, machinery and equipment: +€12,032
- Advances received +€280,651
up €280,651 (+186.0%), from €150,887 to €431,538
- Debts after one year -€78,859
down €78,859 (-46.3%), from €170,176 to €91,317
- Trade debts +€14,063
up €14,063 (+86.3%), from €16,304 to €30,367
- Reserves +€11,410
up €11,410 (+8.0%), from €143,394 to €154,804
- Gross operating margin +€30,570
up €30,570 (+12.5%), from €244,605 to €275,175
- Staff costs +€24,883
up €24,883 (+17.6%), from €141,556 to €166,439
- Financial charges +€3,285
up €3,285 (+59.3%), from €5,540 to €8,825
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 | €701,065 | €929,332 | +€228,267 | +32.6% |
| Fixed assets | 21/28 | €436,287 | €388,573 | -€47,715 | -10.9% |
| Intangible fixed assets | 21 | €342,459 | €282,459 | -€60,000 | -17.5% |
| Tangible fixed assets | 22/27 | €93,653 | €105,938 | +€12,285 | +13.1% |
| Plant, machinery and equipment | 23 | €77,614 | €89,646 | +€12,032 | +15.5% |
| Furniture and vehicles | 24 | €16,039 | €16,292 | +€253 | +1.6% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €264,777 | €540,760 | +€275,982 | +104.2% |
| Amounts receivable within one year | 40/41 | €98,508 | €117,942 | +€19,434 | +19.7% |
| Trade receivables | 40 | €91,514 | €112,458 | +€20,944 | +22.9% |
| Other amounts receivable | 41 | €6,994 | €5,483 | -€1,511 | -21.6% |
| Cash at bank and in hand | 54/58 | €161,470 | €416,704 | +€255,234 | +158.1% |
| Deferred charges and accrued income | 490/1 | €4,799 | €6,113 | +€1,314 | +27.4% |
| Total equity and liabilities | 10/49 | €701,065 | €929,332 | +€228,267 | +32.6% |
| Equity | 10/15 | €163,394 | €174,804 | +€11,410 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €143,394 | €154,804 | +€11,410 | +8.0% |
| Distributable reserves | 133 | €143,394 | €154,804 | +€11,410 | +8.0% |
| Amounts payable | 17/49 | €537,670 | €754,528 | +€216,857 | +40.3% |
| Amounts payable after more than one year | 17 | €170,176 | €91,317 | -€78,859 | -46.3% |
| Financial debts | 170/4 | €170,176 | €91,317 | -€78,859 | -46.3% |
| Amounts payable within one year | 42/48 | €367,495 | €659,508 | +€292,013 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €77,656 | €78,859 | +€1,203 | +1.5% |
| Trade debts | 44 | €16,304 | €30,367 | +€14,063 | +86.3% |
| Suppliers | 440/4 | €16,304 | €30,367 | +€14,063 | +86.3% |
| Advances received on contracts in progress | 46 | €150,887 | €431,538 | +€280,651 | +186.0% |
| Taxes, remuneration and social security | 45 | €59,474 | €64,412 | +€4,937 | +8.3% |
| Taxes | 450/3 | €26,370 | €35,104 | +€8,734 | +33.1% |
| Remuneration and social security | 454/9 | €33,105 | €29,308 | -€3,797 | -11.5% |
| Other amounts payable | 47/48 | €63,173 | €54,333 | -€8,841 | -14.0% |
| Accrued charges and deferred income | 492/3 | - | €3,703 | +€3,703 | |
| Remuneration, social security and pensions | 62 | €141,556 | €166,439 | +€24,883 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,984 | €80,673 | +€1,689 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,000 | - | +€2,000 | |
| Other operating charges | 640/8 | €4,017 | €2,504 | -€1,513 | -37.7% |
| Gross operating margin | 9900 | €244,605 | €275,175 | +€30,570 | +12.5% |
| Operating profit (loss) | 9901 | €22,047 | €25,559 | +€3,512 | +15.9% |
| Financial income | 75/76B | €1,088 | €1,655 | +€567 | +52.1% |
| Recurring financial income | 75 | €1,088 | €1,655 | +€567 | +52.1% |
| Financial charges | 65/66B | €5,540 | €8,825 | +€3,285 | +59.3% |
| Recurring financial charges | 65 | €5,540 | €8,825 | +€3,285 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €17,595 | €18,389 | +€794 | +4.5% |
| Income taxes | 67/77 | €9,626 | €6,979 | -€2,647 | -27.5% |
| Profit (loss) for the period | 9904 | €7,969 | €11,410 | +€3,441 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,969 | €11,410 | +€3,441 | +43.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.