LEAD 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.
LEAD AGENCY
Largest movements
- Cash +€8,794
up €8,794 (+36.3%), from €24,196 to €32,990
mainly Net result for the year (+€29,012) and Tax, wage and social debts (+€6,695)
- Receivables within one year +€7,181
up €7,181 (+12.6%), from €57,189 to €64,370
of which Trade receivables: +€7,181
- Financial fixed assets -€1,595
no longer reported in 2025 (was €1,595)
- Reserves +€21,856
up €21,856 (+94.3%), from €23,170 to €45,025
- Debts after one year -€10,116
down €10,116 (-56.1%), from €18,037 to €7,921
- Trade debts -€7,422
down €7,422 (-57.1%), from €13,001 to €5,580
- Tax, wage and social debts +€6,695
up €6,695 (+59.4%), from €11,275 to €17,970
- Other debts +€1,268
up €1,268 (+17.3%), from €7,340 to €8,608
- Gross operating margin +€14,045
up €14,045 (+48.1%), from €29,228 to €43,273
- Taxes +€3,734
up €3,734 (+52.3%), from €7,138 to €10,873
- Financial charges -€583
down €583 (-29.3%), from €1,991 to €1,408
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 | €85,452 | €98,220 | +€12,767 | +14.9% |
| Fixed assets | 21/28 | €4,067 | €860 | -€3,207 | -78.8% |
| Intangible fixed assets | 21 | €1,305 | €621 | -€683 | -52.4% |
| Tangible fixed assets | 22/27 | €1,167 | €239 | -€928 | -79.5% |
| Furniture and vehicles | 24 | €1,167 | €239 | -€928 | -79.5% |
| Financial fixed assets | 28 | €1,595 | - | -€1,595 | |
| Current assets | 29/58 | €81,385 | €97,359 | +€15,974 | +19.6% |
| Amounts receivable within one year | 40/41 | €57,189 | €64,370 | +€7,181 | +12.6% |
| Trade receivables | 40 | €57,189 | €64,370 | +€7,181 | +12.6% |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €24,196 | €32,990 | +€8,794 | +36.3% |
| Total equity and liabilities | 10/49 | €85,452 | €98,220 | +€12,767 | +14.9% |
| Equity | 10/15 | €26,170 | €48,025 | +€21,856 | +83.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,170 | €45,025 | +€21,856 | +94.3% |
| Distributable reserves | 133 | €23,170 | €45,025 | +€21,856 | +94.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,283 | €50,194 | -€9,088 | -15.3% |
| Amounts payable after more than one year | 17 | €18,037 | €7,921 | -€10,116 | -56.1% |
| Financial debts | 170/4 | €18,037 | €7,921 | -€10,116 | -56.1% |
| Amounts payable within one year | 42/48 | €41,246 | €42,274 | +€1,027 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €9,629 | €10,116 | +€486 | +5.1% |
| Trade debts | 44 | €13,001 | €5,580 | -€7,422 | -57.1% |
| Suppliers | 440/4 | €13,001 | €5,580 | -€7,422 | -57.1% |
| Taxes, remuneration and social security | 45 | €11,275 | €17,970 | +€6,695 | +59.4% |
| Taxes | 450/3 | €11,275 | €17,970 | +€6,695 | +59.4% |
| Other amounts payable | 47/48 | €7,340 | €8,608 | +€1,268 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880 | €1,612 | -€269 | -14.3% |
| Other operating charges | 640/8 | €774 | €387 | -€386 | -49.9% |
| Gross operating margin | 9900 | €29,228 | €43,273 | +€14,045 | +48.1% |
| Operating profit (loss) | 9901 | €26,574 | €41,274 | +€14,700 | +55.3% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €1,991 | €1,408 | -€583 | -29.3% |
| Recurring financial charges | 65 | €1,991 | €1,408 | -€583 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €24,583 | €39,885 | +€15,302 | +62.2% |
| Income taxes | 67/77 | €7,138 | €10,873 | +€3,734 | +52.3% |
| Profit (loss) for the period | 9904 | €17,445 | €29,012 | +€11,568 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,445 | €29,012 | +€11,568 | +66.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.