L'Agence: what changed
Two fiscal 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.
L'Agence
Largest movements
- Receivables within one year +€47,459
up €47,459 (+88.3%), from €53,734 to €101,193
of which Trade receivables: +€49,481
- Tangible fixed assets -€33,307
down €33,307 (-17.3%), from €192,534 to €159,228
of which Furniture and vehicles: -€28,810
- Intangible fixed assets +€19,564
up €19,564 (+77.9%), from €25,129 to €44,694
- Stocks and contracts +€17,107
up €17,107 (+1315.9%), from €1,300 to €18,407
- Deferred charges and accrued income -€4,293
no longer reported in 2025 (was €4,293)
- Tax, wage and social debts +€42,840
up €42,840 (+140.8%), from €30,428 to €73,268
of which Remuneration and social security: +€23,802
- Profit (loss) carried forward +€29,113
up €29,113 (+55.8%), from -€52,192 to -€23,079
- Debts after one year -€27,080
down €27,080 (-20.8%), from €130,302 to €103,222
- Short-term financial debts -€6,532
no longer reported in 2025 (was €6,532)
- Current portion of long-term debt +€4,459
up €4,459 (+11.6%), from €38,535 to €42,994
- Gross operating margin +€178,264
up €178,264 (+637.3%), from €27,970 to €206,234
- Staff costs +€66,734
up €66,734 (+129.4%), from €51,578 to €118,312
- Depreciation +€22,031
up €22,031 (+98.0%), from €22,490 to €44,521
- Financial charges +€7,326
up €7,326 (+178.4%), from €4,108 to €11,434
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.
Cash bridge derived
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 | €277,848 | €327,117 | +€49,269 | +17.7% |
| Fixed assets | 21/28 | €218,273 | €204,326 | -€13,947 | -6.4% |
| Intangible fixed assets | 21 | €25,129 | €44,694 | +€19,564 | +77.9% |
| Tangible fixed assets | 22/27 | €192,534 | €159,228 | -€33,307 | -17.3% |
| Plant, machinery and equipment | 23 | €536 | €385 | -€151 | -28.2% |
| Furniture and vehicles | 24 | €102,536 | €73,727 | -€28,810 | -28.1% |
| Other tangible fixed assets | 26 | €89,462 | €85,116 | -€4,346 | -4.9% |
| Financial fixed assets | 28 | €610 | €405 | -€205 | -33.6% |
| Current assets | 29/58 | €59,575 | €122,791 | +€63,216 | +106.1% |
| Stocks and contracts in progress | 3 | €1,300 | €18,407 | +€17,107 | +1315.9% |
| Stocks | 30/36 | €1,300 | €18,407 | +€17,107 | +1315.9% |
| Amounts receivable within one year | 40/41 | €53,734 | €101,193 | +€47,459 | +88.3% |
| Trade receivables | 40 | €51,712 | €101,193 | +€49,481 | +95.7% |
| Other amounts receivable | 41 | €2,022 | - | -€2,022 | |
| Cash at bank and in hand | 54/58 | €248 | €3,191 | +€2,943 | +1186.7% |
| Deferred charges and accrued income | 490/1 | €4,293 | - | -€4,293 | |
| Total equity and liabilities | 10/49 | €277,848 | €327,117 | +€49,269 | +17.7% |
| Equity | 10/15 | -€27,192 | €1,921 | +€29,113 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,192 | -€23,079 | +€29,113 | +55.8% |
| Amounts payable | 17/49 | €305,041 | €325,196 | +€20,156 | +6.6% |
| Amounts payable after more than one year | 17 | €130,302 | €103,222 | -€27,080 | -20.8% |
| Financial debts | 170/4 | €130,302 | €103,222 | -€27,080 | -20.8% |
| Amounts payable within one year | 42/48 | €174,739 | €221,974 | +€47,236 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €38,535 | €42,994 | +€4,459 | +11.6% |
| Financial debts | 43 | €6,532 | - | -€6,532 | |
| Credit institutions | 430/8 | €6,532 | - | -€6,532 | |
| Trade debts | 44 | €99,244 | €102,980 | +€3,737 | +3.8% |
| Suppliers | 440/4 | €99,244 | €102,980 | +€3,737 | +3.8% |
| Taxes, remuneration and social security | 45 | €30,428 | €73,268 | +€42,840 | +140.8% |
| Taxes | 450/3 | €17,498 | €36,536 | +€19,038 | +108.8% |
| Remuneration and social security | 454/9 | €12,930 | €36,731 | +€23,802 | +184.1% |
| Other amounts payable | 47/48 | - | €2,732 | +€2,732 | |
| Remuneration, social security and pensions | 62 | €51,578 | €118,312 | +€66,734 | +129.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,490 | €44,521 | +€22,031 | +98.0% |
| Other operating charges | 640/8 | €2,295 | €3,532 | +€1,237 | +53.9% |
| Gross operating margin | 9900 | €27,970 | €206,234 | +€178,264 | +637.3% |
| Operating profit (loss) | 9901 | -€48,393 | €39,869 | +€88,262 | |
| Financial income | 75/76B | €308 | €858 | +€549 | +178.2% |
| Recurring financial income | 75 | €308 | €858 | +€549 | +178.2% |
| Financial charges | 65/66B | €4,108 | €11,434 | +€7,326 | +178.4% |
| Recurring financial charges | 65 | €4,108 | €11,434 | +€7,326 | +178.4% |
| Profit (loss) for the period before taxes | 9903 | -€52,192 | €29,293 | +€81,486 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | -€52,192 | €29,113 | +€81,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,192 | €29,113 | +€81,305 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.