Cagency: 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.
Cagency
Largest movements
- Receivables within one year +€31,072
up €31,072 (+35.0%), from €88,865 to €119,937
of which Trade receivables: +€20,717
- Tangible fixed assets +€14,312
up €14,312 (+392%), from €3,652 to €17,964
of which Furniture and vehicles: +€12,786
- Cash -€10,466
down €10,466 (-59.1%), from €17,696 to €7,230
mainly Receivables within one year (-€31,072) and Investment in fixed assets (net) (-€21,019)
- Deferred charges and accrued income +€5,899
new in 2025: €5,899
- Financial fixed assets +€3,879
new in 2025: €3,879
- Reserves +€29,395
new in 2025: €29,395
- Tax, wage and social debts +€15,792
up €15,792 (+464%), from €3,403 to €19,195
- Trade debts -€12,691
down €12,691 (-17.1%), from €74,151 to €61,460
- Other debts +€11,727
new in 2025: €11,727
- Gross operating margin +€33,550
up €33,550 (+182%), from €18,411 to €51,960
- Taxes +€19,195
new in 2025: €19,195
- Depreciation +€2,453
up €2,453 (+654%), from €375 to €2,828
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 | €110,213 | €154,909 | +€44,696 | +40.6% |
| Fixed assets | 21/28 | €3,652 | €21,843 | +€18,191 | +498% |
| Tangible fixed assets | 22/27 | €3,652 | €17,964 | +€14,312 | +392% |
| Plant, machinery and equipment | 23 | - | €1,526 | +€1,526 | |
| Furniture and vehicles | 24 | €3,652 | €16,438 | +€12,786 | +350% |
| Financial fixed assets | 28 | - | €3,879 | +€3,879 | |
| Current assets | 29/58 | €106,561 | €133,066 | +€26,505 | +24.9% |
| Amounts receivable within one year | 40/41 | €88,865 | €119,937 | +€31,072 | +35.0% |
| Trade receivables | 40 | €88,865 | €109,582 | +€20,717 | +23.3% |
| Other amounts receivable | 41 | - | €10,356 | +€10,356 | |
| Cash at bank and in hand | 54/58 | €17,696 | €7,230 | -€10,466 | -59.1% |
| Deferred charges and accrued income | 490/1 | - | €5,899 | +€5,899 | |
| Total equity and liabilities | 10/49 | €110,213 | €154,909 | +€44,696 | +40.6% |
| Equity | 10/15 | €32,620 | €62,015 | +€29,395 | +90.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €29,395 | +€29,395 | |
| Distributable reserves | 133 | - | €29,395 | +€29,395 | |
| Profit (loss) carried forward | 14 | €17,620 | €17,620 | = | 0.0% |
| Amounts payable | 17/49 | €77,593 | €92,894 | +€15,301 | +19.7% |
| Amounts payable within one year | 42/48 | €77,593 | €92,894 | +€15,301 | +19.7% |
| Financial debts | 43 | €40 | €512 | +€472 | +1,193% |
| Credit institutions | 430/8 | €40 | €512 | +€472 | +1,193% |
| Trade debts | 44 | €74,151 | €61,460 | -€12,691 | -17.1% |
| Suppliers | 440/4 | €74,151 | €61,460 | -€12,691 | -17.1% |
| Taxes, remuneration and social security | 45 | €3,403 | €19,195 | +€15,792 | +464% |
| Taxes | 450/3 | €3,403 | €19,195 | +€15,792 | +464% |
| Other amounts payable | 47/48 | - | €11,727 | +€11,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €2,828 | +€2,453 | +654% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €18,411 | €51,960 | +€33,550 | +182% |
| Operating profit (loss) | 9901 | €17,651 | €48,745 | +€31,093 | +176% |
| Financial income | 75/76B | €2 | €0 | -€2 | -80.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -80.3% |
| Financial charges | 65/66B | €33 | €155 | +€121 | +364% |
| Recurring financial charges | 65 | €33 | €155 | +€121 | +364% |
| Profit (loss) for the period before taxes | 9903 | €17,620 | €48,591 | +€30,971 | +176% |
| Income taxes | 67/77 | - | €19,195 | +€19,195 | |
| Profit (loss) for the period | 9904 | €17,620 | €29,395 | +€11,775 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,620 | €29,395 | +€11,775 | +66.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.