FULL TIME AGENCY: what changed
FULL TIME AGENCY
Largest movements
- Tangible fixed assets -€60,014
down €60,014 (-21.2%), from €282,562 to €222,548
of which Land and buildings: -€33,592
- Cash +€43,782
up €43,782 (+29.7%), from €147,311 to €191,093
mainly Net result for the year (+€82,694) and Depreciation (+€60,014)
- Receivables within one year -€39,073
down €39,073 (-72.8%), from €53,675 to €14,602
of which Other amounts receivable: -€51,766
- Deferred charges and accrued income +€32,121
up €32,121 (+101%), from €31,837 to €63,958
- Current investments -€5,980
down €5,980 (-11.7%), from €51,000 to €45,020
- Current portion of long-term debt -€31,644
down €31,644 (-64.3%), from €49,245 to €17,601
- Debts after one year -€15,946
down €15,946 (-54.1%), from €29,489 to €13,544
- Trade debts +€7,691
up €7,691 (+931%), from €826 to €8,517
- Tax, wage and social debts +€6,789
up €6,789 (+65.4%), from €10,380 to €17,168
of which Taxes: +€6,745
- Gross operating margin -€10,486
down €10,486 (-4.9%), from €215,479 to €204,993
- Depreciation +€3,337
up €3,337 (+5.9%), from €56,677 to €60,014
- Staff costs -€3,297
down €3,297 (-14.6%), from €22,650 to €19,353
- Taxes -€2,335
down €2,335 (-6.3%), from €36,935 to €34,600
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,385 | €537,221 | -€29,164 | -5.1% |
| Fixed assets | 21/28 | €282,562 | €222,548 | -€60,014 | -21.2% |
| Tangible fixed assets | 22/27 | €282,562 | €222,548 | -€60,014 | -21.2% |
| Land and buildings | 22 | €199,909 | €166,317 | -€33,592 | -16.8% |
| Plant, machinery and equipment | 23 | €7,283 | €4,940 | -€2,343 | -32.2% |
| Furniture and vehicles | 24 | €75,370 | €51,291 | -€24,080 | -31.9% |
| Current assets | 29/58 | €283,823 | €314,673 | +€30,850 | +10.9% |
| Amounts receivable within one year | 40/41 | €53,675 | €14,602 | -€39,073 | -72.8% |
| Trade receivables | 40 | €73 | €12,767 | +€12,694 | +17,362% |
| Other amounts receivable | 41 | €53,602 | €1,835 | -€51,766 | -96.6% |
| Current investments | 50/53 | €51,000 | €45,020 | -€5,980 | -11.7% |
| Cash at bank and in hand | 54/58 | €147,311 | €191,093 | +€43,782 | +29.7% |
| Deferred charges and accrued income | 490/1 | €31,837 | €63,958 | +€32,121 | +101% |
| Total equity and liabilities | 10/49 | €566,385 | €537,221 | -€29,164 | -5.1% |
| Equity | 10/15 | €473,628 | €475,323 | +€1,694 | +0.4% |
| Contributions | 10/11 | €21,400 | €21,400 | = | 0.0% |
| Reserves | 13 | €436,125 | €437,819 | +€1,694 | +0.4% |
| Distributable reserves | 133 | €436,125 | €437,819 | +€1,694 | +0.4% |
| Profit (loss) carried forward | 14 | €16,104 | €16,104 | = | 0.0% |
| Amounts payable | 17/49 | €92,757 | €61,898 | -€30,859 | -33.3% |
| Amounts payable after more than one year | 17 | €29,489 | €13,544 | -€15,946 | -54.1% |
| Financial debts | 170/4 | €29,489 | €13,544 | -€15,946 | -54.1% |
| Amounts payable within one year | 42/48 | €63,268 | €48,354 | -€14,913 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €49,245 | €17,601 | -€31,644 | -64.3% |
| Trade debts | 44 | €826 | €8,517 | +€7,691 | +931% |
| Suppliers | 440/4 | €826 | €8,517 | +€7,691 | +931% |
| Taxes, remuneration and social security | 45 | €10,380 | €17,168 | +€6,789 | +65.4% |
| Taxes | 450/3 | €6,935 | €13,679 | +€6,745 | +97.3% |
| Remuneration and social security | 454/9 | €3,445 | €3,489 | +€44 | +1.3% |
| Other amounts payable | 47/48 | €2,817 | €5,068 | +€2,252 | +79.9% |
| Remuneration, social security and pensions | 62 | €22,650 | €19,353 | -€3,297 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,677 | €60,014 | +€3,337 | +5.9% |
| Other operating charges | 640/8 | €5,122 | €4,580 | -€542 | -10.6% |
| Non-recurring operating charges | 66A | €2 | €0 | -€2 | -100% |
| Gross operating margin | 9900 | €215,479 | €204,993 | -€10,486 | -4.9% |
| Operating profit (loss) | 9901 | €131,028 | €121,046 | -€9,982 | -7.6% |
| Financial income | 75/76B | €1 | €26 | +€25 | +4,035% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +4,035% |
| Financial charges | 65/66B | €5,029 | €3,778 | -€1,250 | -24.9% |
| Recurring financial charges | 65 | €5,029 | €3,778 | -€1,250 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €126,000 | €117,294 | -€8,706 | -6.9% |
| Income taxes | 67/77 | €36,935 | €34,600 | -€2,335 | -6.3% |
| Profit (loss) for the period | 9904 | €89,065 | €82,694 | -€6,371 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,065 | €82,694 | -€6,371 | -7.2% |
Next steps
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.