FIERCE AGENCY: 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.
FIERCE AGENCY
Largest movements
- Receivables within one year +€9,913
up €9,913 (+30.1%), from €32,919 to €42,831
of which Other amounts receivable: +€5,556
- Tangible fixed assets -€5,156
down €5,156 (-23.8%), from €21,655 to €16,498
of which Furniture and vehicles: -€4,848
- Cash -€1,779
down €1,779 (-37.2%), from €4,778 to €2,999
mainly Receivables within one year (-€9,913) and Debts after one year (-€6,179)
- Debts after one year -€6,179
down €6,179 (-69.8%), from €8,849 to €2,670
- Profit (loss) carried forward +€5,344
up €5,344 (+64.5%), from €8,290 to €13,634
- Trade debts +€3,820
up €3,820 (+162%), from €2,358 to €6,178
- Other debts -€1,630
down €1,630 (-12.2%), from €13,308 to €11,678
- Tax, wage and social debts +€1,210
up €1,210 (+13.8%), from €8,764 to €9,974
of which Taxes: +€1,210
- Gross operating margin +€10,361
up €10,361 (+180%), from €5,760 to €16,120
- Taxes +€2,524
up €2,524 (+792%), from €319 to €2,843
- Depreciation +€1,647
up €1,647 (+46.9%), from €3,509 to €5,156
- Other operating charges -€1,388
down €1,388 (-53.4%), from €2,600 to €1,212
- Financial charges +€675
up €675 (+49.0%), from €1,378 to €2,053
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 | €60,063 | €62,817 | +€2,754 | +4.6% |
| Fixed assets | 21/28 | €21,655 | €16,498 | -€5,156 | -23.8% |
| Tangible fixed assets | 22/27 | €21,655 | €16,498 | -€5,156 | -23.8% |
| Plant, machinery and equipment | 23 | €659 | €350 | -€309 | -46.8% |
| Furniture and vehicles | 24 | €20,996 | €16,148 | -€4,848 | -23.1% |
| Current assets | 29/58 | €38,409 | €46,319 | +€7,910 | +20.6% |
| Amounts receivable within one year | 40/41 | €32,919 | €42,831 | +€9,913 | +30.1% |
| Trade receivables | 40 | €30,144 | €34,501 | +€4,357 | +14.5% |
| Other amounts receivable | 41 | €2,775 | €8,331 | +€5,556 | +200% |
| Cash at bank and in hand | 54/58 | €4,778 | €2,999 | -€1,779 | -37.2% |
| Deferred charges and accrued income | 490/1 | €712 | €488 | -€224 | -31.5% |
| Total equity and liabilities | 10/49 | €60,063 | €62,817 | +€2,754 | +4.6% |
| Equity | 10/15 | €20,794 | €26,137 | +€5,344 | +25.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €104 | €104 | = | 0.0% |
| Distributable reserves | 133 | €104 | €104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,290 | €13,634 | +€5,344 | +64.5% |
| Amounts payable | 17/49 | €39,269 | €36,679 | -€2,590 | -6.6% |
| Amounts payable after more than one year | 17 | €8,849 | €2,670 | -€6,179 | -69.8% |
| Financial debts | 170/4 | €8,849 | €2,670 | -€6,179 | -69.8% |
| Amounts payable within one year | 42/48 | €30,298 | €34,009 | +€3,711 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,868 | €6,179 | +€311 | +5.3% |
| Trade debts | 44 | €2,358 | €6,178 | +€3,820 | +162% |
| Suppliers | 440/4 | €2,358 | €6,178 | +€3,820 | +162% |
| Taxes, remuneration and social security | 45 | €8,764 | €9,974 | +€1,210 | +13.8% |
| Taxes | 450/3 | €6,514 | €7,724 | +€1,210 | +18.6% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €13,308 | €11,678 | -€1,630 | -12.2% |
| Accrued charges and deferred income | 492/3 | €122 | €0 | -€122 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €5,156 | +€1,647 | +46.9% |
| Other operating charges | 640/8 | €2,600 | €1,212 | -€1,388 | -53.4% |
| Gross operating margin | 9900 | €5,760 | €16,120 | +€10,361 | +180% |
| Operating profit (loss) | 9901 | -€349 | €9,752 | +€10,101 | |
| Financial income | 75/76B | €148 | €488 | +€340 | +229% |
| Recurring financial income | 75 | €148 | €488 | +€340 | +229% |
| Financial charges | 65/66B | €1,378 | €2,053 | +€675 | +49.0% |
| Recurring financial charges | 65 | €1,378 | €2,053 | +€675 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,579 | €8,187 | +€9,766 | |
| Income taxes | 67/77 | €319 | €2,843 | +€2,524 | +792% |
| Profit (loss) for the period | 9904 | -€1,898 | €5,344 | +€7,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,898 | €5,344 | +€7,241 |
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 18 October 2026 via checked.be.