FERME DE L'AGENT: 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.
FERME DE L'AGENT
Largest movements
- Receivables within one year +€30,150
up €30,150 (+118%), from €25,645 to €55,795
of which Trade receivables: +€28,057
- Cash -€7,727
down €7,727 (-43.7%), from €17,662 to €9,935
mainly Receivables within one year (-€30,150) and Debts after one year (-€12,098)
- Stocks and contracts -€3,341
down €3,341 (-69.6%), from €4,800 to €1,459
- Tangible fixed assets -€1,843
down €1,843 (-32.5%), from €5,665 to €3,822
- Trade debts +€20,642
up €20,642 (+572%), from €3,607 to €24,249
- Debts after one year -€12,098
down €12,098 (-92.3%), from €13,112 to €1,014
- Profit (loss) carried forward +€8,527
up €8,527 (+30.7%), from €27,787 to €36,314
- Gross operating margin +€18,014
up €18,014, from -€4,475 to €13,539
- Taxes +€183
up €183 (+13,743%), from €1 to €184
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 | €64,957 | €82,197 | +€17,239 | +26.5% |
| Fixed assets | 21/28 | €16,851 | €15,008 | -€1,843 | -10.9% |
| Intangible fixed assets | 21 | €6,507 | €6,507 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,665 | €3,822 | -€1,843 | -32.5% |
| Plant, machinery and equipment | 23 | €5,665 | €3,822 | -€1,843 | -32.5% |
| Financial fixed assets | 28 | €4,679 | €4,679 | = | 0.0% |
| Current assets | 29/58 | €48,107 | €67,189 | +€19,082 | +39.7% |
| Stocks and contracts in progress | 3 | €4,800 | €1,459 | -€3,341 | -69.6% |
| Stocks | 30/36 | €4,800 | €1,459 | -€3,341 | -69.6% |
| Amounts receivable within one year | 40/41 | €25,645 | €55,795 | +€30,150 | +118% |
| Trade receivables | 40 | €22,277 | €50,334 | +€28,057 | +126% |
| Other amounts receivable | 41 | €3,368 | €5,461 | +€2,093 | +62.2% |
| Cash at bank and in hand | 54/58 | €17,662 | €9,935 | -€7,727 | -43.7% |
| Total equity and liabilities | 10/49 | €64,957 | €82,197 | +€17,239 | +26.5% |
| Equity | 10/15 | €48,238 | €56,765 | +€8,527 | +17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,787 | €36,314 | +€8,527 | +30.7% |
| Amounts payable | 17/49 | €16,719 | €25,431 | +€8,712 | +52.1% |
| Amounts payable after more than one year | 17 | €13,112 | €1,014 | -€12,098 | -92.3% |
| Other amounts payable | 178/9 | €13,112 | €1,014 | -€12,098 | -92.3% |
| Amounts payable within one year | 42/48 | €3,607 | €24,417 | +€20,810 | +577% |
| Trade debts | 44 | €3,607 | €24,249 | +€20,642 | +572% |
| Suppliers | 440/4 | €3,607 | €24,249 | +€20,642 | +572% |
| Taxes, remuneration and social security | 45 | - | €168 | +€168 | |
| Taxes | 450/3 | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €1,843 | = | 0.0% |
| Other operating charges | 640/8 | €548 | €471 | -€77 | -14.0% |
| Non-recurring operating charges | 66A | - | €2,432 | +€2,432 | |
| Gross operating margin | 9900 | -€4,475 | €13,539 | +€18,014 | |
| Operating profit (loss) | 9901 | -€6,866 | €8,793 | +€15,659 | |
| Financial income | 75/76B | €8 | €54 | +€46 | +606% |
| Recurring financial income | 75 | €8 | €54 | +€46 | +606% |
| Financial charges | 65/66B | €250 | €135 | -€115 | -45.9% |
| Recurring financial charges | 65 | €250 | €135 | -€115 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,108 | €8,711 | +€15,820 | |
| Income taxes | 67/77 | €1 | €184 | +€183 | +13,743% |
| Profit (loss) for the period | 9904 | -€7,110 | €8,527 | +€15,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,110 | €8,527 | +€15,637 |
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 21 October 2026 via checked.be.