AGENT DOUBLE: 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.
AGENT DOUBLE
Largest movements
- Stocks and contracts +€155,687
up €155,687 (+8.7%), from €1.8m to €1.9m
- Receivables within one year -€138,902
down €138,902 (-71.0%), from €195,506 to €56,604
of which Trade receivables: -€160,573
- Cash +€122,795
up €122,795 (+866%), from €14,174 to €136,968
mainly Trade debts (+€1.3m) and Receivables within one year (+€138,902)
- Intangible fixed assets -€30,522
down €30,522 (-10.5%), from €289,525 to €259,002
- Advances received -€1.4m
down €1.4m (-66.5%), from €2.1m to €703,245
- Trade debts +€1.3m
up €1.3m (+1,366%), from €95,695 to €1.4m
- Profit (loss) carried forward +€258,816
up €258,816 (+96.6%), from -€267,875 to -€9,060
- Contributions -€177,000
down €177,000 (-87.6%), from €202,000 to €25,000
- Debts after one year +€99,883
up €99,883 (+318%), from €31,373 to €131,257
- Gross operating margin +€62,331
up €62,331 (+93.6%), from €66,583 to €128,914
- Depreciation +€14,825
up €14,825 (+88.0%), from €16,844 to €31,669
- Staff costs +€12,134
up €12,134, from -€2,063 to €10,070
- Financial charges -€8,859
down €8,859 (-50.2%), from €17,631 to €8,772
of which Financial charges: -€8,859
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 | €2,294,471 | €2,402,054 | +€107,583 | +4.7% |
| Fixed assets | 21/28 | €295,575 | €263,906 | -€31,669 | -10.7% |
| Intangible fixed assets | 21 | €289,525 | €259,002 | -€30,522 | -10.5% |
| Tangible fixed assets | 22/27 | €1,550 | €404 | -€1,147 | -74.0% |
| Plant, machinery and equipment | 23 | €1,550 | €404 | -€1,147 | -74.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €1,998,896 | €2,138,148 | +€139,252 | +7.0% |
| Stocks and contracts in progress | 3 | €1,788,878 | €1,944,564 | +€155,687 | +8.7% |
| Contracts in progress | 37 | €1,788,878 | €1,944,564 | +€155,687 | +8.7% |
| Amounts receivable within one year | 40/41 | €195,506 | €56,604 | -€138,902 | -71.0% |
| Trade receivables | 40 | €173,201 | €12,627 | -€160,573 | -92.7% |
| Other amounts receivable | 41 | €22,305 | €43,977 | +€21,672 | +97.2% |
| Current investments | 50/53 | €11 | €11 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €14,174 | €136,968 | +€122,795 | +866% |
| Deferred charges and accrued income | 490/1 | €328 | €0 | -€328 | -100% |
| Total equity and liabilities | 10/49 | €2,294,471 | €2,402,054 | +€107,583 | +4.7% |
| Equity | 10/15 | -€63,075 | €15,940 | +€79,016 | |
| Contributions | 10/11 | €202,000 | €25,000 | -€177,000 | -87.6% |
| Reserves | 13 | €2,800 | €0 | -€2,800 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,800 | €0 | -€2,800 | -100% |
| Profit (loss) carried forward | 14 | -€267,875 | -€9,060 | +€258,816 | +96.6% |
| Amounts payable | 17/49 | €2,357,546 | €2,386,114 | +€28,568 | +1.2% |
| Amounts payable after more than one year | 17 | €31,373 | €131,257 | +€99,883 | +318% |
| Financial debts | 170/4 | €31,373 | €131,257 | +€99,883 | +318% |
| Amounts payable within one year | 42/48 | €2,321,381 | €2,251,866 | -€69,515 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €16,027 | €83,450 | +€67,423 | +421% |
| Financial debts | 43 | €108,974 | €56,857 | -€52,117 | -47.8% |
| Credit institutions | 430/8 | €108,974 | €56,857 | -€52,117 | -47.8% |
| Trade debts | 44 | €95,695 | €1,402,755 | +€1.3m | +1,366% |
| Suppliers | 440/4 | €95,695 | €1,402,755 | +€1.3m | +1,366% |
| Advances received on contracts in progress | 46 | €2,099,259 | €703,245 | -€1.4m | -66.5% |
| Taxes, remuneration and social security | 45 | €1,427 | €5,559 | +€4,133 | +290% |
| Taxes | 450/3 | €1,427 | €1,056 | -€371 | -26.0% |
| Remuneration and social security | 454/9 | €0 | €4,504 | +€4,504 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,792 | €2,991 | -€1,801 | -37.6% |
| Non-recurring operating income | 76A | €0 | €1,801 | +€1,801 | |
| Remuneration, social security and pensions | 62 | -€2,063 | €10,070 | +€12,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,844 | €31,669 | +€14,825 | +88.0% |
| Other operating charges | 640/8 | €1,069 | €0 | -€1,069 | -100% |
| Non-recurring operating charges | 66A | €28,875 | €0 | -€28,875 | -100% |
| Gross operating margin | 9900 | €66,583 | €128,914 | +€62,331 | +93.6% |
| Operating profit (loss) | 9901 | €21,858 | €87,175 | +€65,317 | +299% |
| Financial income | 75/76B | €824 | €613 | -€211 | -25.6% |
| Recurring financial income | 75 | €824 | €613 | -€211 | -25.6% |
| Financial charges | 65/66B | €17,631 | €8,772 | -€8,859 | -50.2% |
| Recurring financial charges | 65 | €17,631 | €8,772 | -€8,859 | -50.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €5,051 | €79,016 | +€73,965 | +1,464% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €5,051 | €79,016 | +€73,965 | +1,464% |
| Profit (loss) for the period to be appropriated | 9905 | €5,051 | €79,016 | +€73,965 | +1,464% |
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 14 October 2026 via checked.be.