AGENTSCHAP PALLEN: what changed
What changed
AGENTSCHAP PALLEN
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€3.8m
2024 · €20,995+€3.8m
Equity
€13.3m
2024 · €11.8m+€1.6m
Cash
€204,309
2024 · €273,605-€69,296
Balance sheet total
€22.7m
2024 · €21.6m+€1.1m
Largest movements
Assets
- Receivables after one year +€3.3m
up €3.3m (+122%), from €2.7m to €5.9m
- Tangible fixed assets -€2.7m
down €2.7m (-17.9%), from €15.1m to €12.4m
of which Land and buildings: -€2.8m
- Receivables within one year +€524,603
up €524,603 (+587%), from €89,404 to €614,007
of which Trade receivables: +€296,475
Equity and liabilities
- Reserves +€3.8m
up €3.8m (+87.7%), from €4.3m to €8.1m
of which Distributable reserves: +€2.5m
- Revaluation surpluses -€2.2m
down €2.2m (-30.3%), from €7.4m to €5.1m
- Debts after one year -€805,139
down €805,139 (-9.1%), from €8.9m to €8.0m
of which Financial debts: -€970,242
- Provisions +€432,991
up €432,991 (+1,655%), from €26,157 to €459,148
of which Deferred taxes: +€432,991
Income statement
- Gross operating margin +€2.6m
up €2.6m (+288%), from €911,524 to €3.5m
- Financial income +€2.2m
up €2.2m (+2,021%), from €107,452 to €2.3m
- Taxes +€400,115
up €400,115 (+2,318%), from €17,261 to €417,376
- Staff costs +€123,985
up €123,985 (+38.5%), from €321,880 to €445,865
- Depreciation +€74,687
up €74,687 (+37.6%), from €198,650 to €273,337
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,995
Gross operating margin
+€2.6m
Staff costs
-€123,985
Depreciation
-€74,687
Other operating charges
-€9,851
Other operating items
+€133
Financial income
+€2.2m
Financial charges
+€17,859
Taxes
-€400,115
Deferred taxes and other
-€432,991
Result 2025
€3.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€832,991
Investment
+€2.2m
Financing
-€3.1m
Cash 2024
€273,605
From operations (derived)
+€832,991
Net result for the year
+€3.8m
Depreciation
+€273,337
Receivables after one year
-€3.3m
Receivables within one year
-€524,603
Deferred charges and accrued income
+€74,037
Provisions
+€432,991
Trade debts
+€84,886
Tax, wage and social debts
-€21,268
Other debts
-€20,881
Investment (derived)
+€2.2m
Investment in fixed assets (net)
+€2.2m
Financing
-€3.1m
Debts after one year
-€805,139
Current portion of long-term debt
-€92,590
Contributions, distributions and other
-€2.2m
Cash 2025
€204,309
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,570,682 | €22,710,593 | +€1.1m | +5.3% |
| Fixed assets | 21/28 | €18,442,872 | €15,940,002 | -€2.5m | -13.6% |
| Intangible fixed assets | 21 | €27,211 | €28,728 | +€1,517 | +5.6% |
| Tangible fixed assets | 22/27 | €15,129,233 | €12,424,846 | -€2.7m | -17.9% |
| Land and buildings | 22 | €14,837,656 | €12,033,592 | -€2.8m | -18.9% |
| Plant, machinery and equipment | 23 | €33,967 | €29,753 | -€4,214 | -12.4% |
| Furniture and vehicles | 24 | €231,970 | €247,674 | +€15,703 | +6.8% |
| Other tangible fixed assets | 26 | €25,640 | €113,827 | +€88,187 | +344% |
| Financial fixed assets | 28 | €3,286,428 | €3,486,428 | +€200,000 | +6.1% |
| Current assets | 29/58 | €3,127,809 | €6,770,591 | +€3.6m | +116% |
| Amounts receivable after more than one year | 29 | €2,678,075 | €5,939,587 | +€3.3m | +122% |
| Other amounts receivable | 291 | €2,678,075 | €5,939,587 | +€3.3m | +122% |
| Amounts receivable within one year | 40/41 | €89,404 | €614,007 | +€524,603 | +587% |
| Trade receivables | 40 | €29,329 | €325,804 | +€296,475 | +1,011% |
| Other amounts receivable | 41 | €60,075 | €288,203 | +€228,128 | +380% |
| Cash at bank and in hand | 54/58 | €273,605 | €204,309 | -€69,296 | -25.3% |
| Deferred charges and accrued income | 490/1 | €86,725 | €12,688 | -€74,037 | -85.4% |
| Total equity and liabilities | 10/49 | €21,570,682 | €22,710,593 | +€1.1m | +5.3% |
| Equity | 10/15 | €11,756,402 | €13,318,315 | +€1.6m | +13.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,364,937 | €5,130,846 | -€2.2m | -30.3% |
| Reserves | 13 | €4,329,465 | €8,125,468 | +€3.8m | +87.7% |
| Non-distributable reserves | 130/1 | €30,252 | €30,252 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,252 | €30,252 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €1,298,973 | +€1.3m | |
| Distributable reserves | 133 | €4,299,213 | €6,796,243 | +€2.5m | +58.1% |
| Provisions and deferred taxes | 16 | €26,157 | €459,148 | +€432,991 | +1,655% |
| Provisions for liabilities and charges | 160/5 | €26,157 | €26,157 | = | 0.0% |
| Pensions and similar obligations | 160 | €26,157 | €26,157 | = | 0.0% |
| Deferred taxes | 168 | - | €432,991 | +€432,991 | |
| Amounts payable | 17/49 | €9,788,123 | €8,933,130 | -€854,992 | -8.7% |
| Amounts payable after more than one year | 17 | €8,851,167 | €8,046,027 | -€805,139 | -9.1% |
| Financial debts | 170/4 | €2,526,784 | €1,556,542 | -€970,242 | -38.4% |
| Other amounts payable | 178/9 | €6,324,383 | €6,489,486 | +€165,102 | +2.6% |
| Amounts payable within one year | 42/48 | €936,956 | €887,103 | -€49,853 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €340,080 | €247,490 | -€92,590 | -27.2% |
| Trade debts | 44 | €305,470 | €390,356 | +€84,886 | +27.8% |
| Suppliers | 440/4 | €305,470 | €390,356 | +€84,886 | +27.8% |
| Taxes, remuneration and social security | 45 | €128,970 | €107,702 | -€21,268 | -16.5% |
| Taxes | 450/3 | €119,559 | €95,212 | -€24,347 | -20.4% |
| Remuneration and social security | 454/9 | €9,411 | €12,490 | +€3,079 | +32.7% |
| Other amounts payable | 47/48 | €162,436 | €141,555 | -€20,881 | -12.9% |
| Non-recurring operating income | 76A | €25,218 | €1,924,091 | +€1.9m | +7,530% |
| Remuneration, social security and pensions | 62 | €321,880 | €445,865 | +€123,985 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,650 | €273,337 | +€74,687 | +37.6% |
| Other operating charges | 640/8 | €34,261 | €44,112 | +€9,851 | +28.8% |
| Non-recurring operating charges | 66A | €133 | - | -€133 | |
| Gross operating margin | 9900 | €911,524 | €3,538,542 | +€2.6m | +288% |
| Operating profit (loss) | 9901 | €356,599 | €2,775,228 | +€2.4m | +678% |
| Financial income | 75/76B | €107,452 | €2,279,079 | +€2.2m | +2,021% |
| Recurring financial income | 75 | €107,452 | €2,279,079 | +€2.2m | +2,021% |
| Financial charges | 65/66B | €425,795 | €407,936 | -€17,859 | -4.2% |
| Recurring financial charges | 65 | €425,795 | €407,936 | -€17,859 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €38,256 | €4,646,371 | +€4.6m | +12,045% |
| Transfer from deferred taxes | 780 | - | €48,032 | +€48,032 | |
| Transfer to deferred taxes | 680 | - | €481,023 | +€481,023 | |
| Income taxes | 67/77 | €17,261 | €417,376 | +€400,115 | +2,318% |
| Profit (loss) for the period | 9904 | €20,995 | €3,796,003 | +€3.8m | +17,980% |
| Transfer from tax-exempt reserves | 789 | - | €144,095 | +€144,095 | |
| Transfer to tax-exempt reserves | 689 | - | €1,443,068 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €20,995 | €2,497,030 | +€2.5m | +11,793% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.