PRIVATE UNIVERSE: what changed
What changed
PRIVATE UNIVERSE
NACE 74.991, Agents and managers of artists, athletes and other public figures
filed annual accounts (NBB)
Net result for the year
€110,845
2024 · -€38,335+€149,180
Equity
€170,740
2024 · €59,895+€110,845
Cash
€5,408
2024 · €1,406+€4,002
Balance sheet total
€771,722
2024 · €1.5m-€729,329
Largest movements
Assets
- Tangible fixed assets -€721,468
down €721,468 (-49.0%), from €1.5m to €752,335
of which Land and buildings: -€704,691
Equity and liabilities
- Debts after one year -€853,702
down €853,702 (-62.1%), from €1.4m to €521,255
- Profit (loss) carried forward +€77,353
no longer reported in 2025 (was -€77,353)
- Reserves +€33,492
up €33,492 (+53.3%), from €62,880 to €96,372
- Trade debts +€29,182
up €29,182 (+533%), from €5,474 to €34,656
- Current portion of long-term debt -€23,216
down €23,216 (-38.8%), from €59,785 to €36,570
Income statement
- Gross operating margin +€179,236
up €179,236 (+206%), from €87,029 to €266,265
- Taxes +€31,130
up €31,130 (+5,832%), from €534 to €31,663
- Depreciation -€18,237
down €18,237 (-20.6%), from €88,386 to €70,148
- Financial charges +€16,181
up €16,181 (+54.6%), from €29,628 to €45,809
of which Non-recurring financial charges: +€10,164
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.
Result 2024
-€38,335
Gross operating margin
+€179,236
Depreciation
+€18,237
Other operating charges
-€980
Financial income
-€3
Financial charges
-€16,181
Taxes
-€31,130
Result 2025
€110,845
raises the resultlowers the result
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.
From operations
+€217,260
Investment
+€663,660
Financing
-€876,918
Cash 2024
€1,406
From operations (derived)
+€217,260
Net result for the year
+€110,845
Depreciation
+€70,148
Receivables within one year
-€6,150
Deferred charges and accrued income
+€5,673
Trade debts
+€29,182
Tax, wage and social debts
+€4,289
Other debts
+€3,273
Investment (derived)
+€663,660
Investment in fixed assets (net)
+€663,660
Financing
-€876,918
Debts after one year
-€853,702
Current portion of long-term debt
-€23,216
Cash 2025
€5,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,501,051 | €771,722 | -€729,329 | -48.6% |
| Fixed assets | 21/28 | €1,486,144 | €752,335 | -€733,808 | -49.4% |
| Intangible fixed assets | 21 | €12,341 | - | -€12,341 | |
| Tangible fixed assets | 22/27 | €1,473,803 | €752,335 | -€721,468 | -49.0% |
| Land and buildings | 22 | €1,386,097 | €681,406 | -€704,691 | -50.8% |
| Plant, machinery and equipment | 23 | €76,738 | €62,665 | -€14,073 | -18.3% |
| Furniture and vehicles | 24 | €7,241 | €4,538 | -€2,703 | -37.3% |
| Other tangible fixed assets | 26 | €3,726 | €3,726 | = | 0.0% |
| Current assets | 29/58 | €14,907 | €19,386 | +€4,479 | +30.0% |
| Amounts receivable within one year | 40/41 | €2,737 | €8,887 | +€6,150 | +225% |
| Trade receivables | 40 | €1,952 | €1,550 | -€402 | -20.6% |
| Other amounts receivable | 41 | €784 | €7,337 | +€6,552 | +836% |
| Cash at bank and in hand | 54/58 | €1,406 | €5,408 | +€4,002 | +285% |
| Deferred charges and accrued income | 490/1 | €10,765 | €5,092 | -€5,673 | -52.7% |
| Total equity and liabilities | 10/49 | €1,501,051 | €771,722 | -€729,329 | -48.6% |
| Equity | 10/15 | €59,895 | €170,740 | +€110,845 | +185% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €62,880 | €96,372 | +€33,492 | +53.3% |
| Distributable reserves | 133 | €62,880 | €96,372 | +€33,492 | +53.3% |
| Profit (loss) carried forward | 14 | -€77,353 | - | +€77,353 | |
| Amounts payable | 17/49 | €1,441,156 | €600,982 | -€840,174 | -58.3% |
| Amounts payable after more than one year | 17 | €1,374,957 | €521,255 | -€853,702 | -62.1% |
| Financial debts | 170/4 | €1,374,957 | €521,255 | -€853,702 | -62.1% |
| Amounts payable within one year | 42/48 | €66,200 | €79,728 | +€13,528 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €59,785 | €36,570 | -€23,216 | -38.8% |
| Trade debts | 44 | €5,474 | €34,656 | +€29,182 | +533% |
| Suppliers | 440/4 | €5,474 | €34,656 | +€29,182 | +533% |
| Taxes, remuneration and social security | 45 | €167 | €4,457 | +€4,289 | +2,565% |
| Taxes | 450/3 | €167 | €4,457 | +€4,289 | +2,565% |
| Other amounts payable | 47/48 | €773 | €4,045 | +€3,273 | +423% |
| Non-recurring operating income | 76A | €6,101 | €229,198 | +€223,097 | +3,657% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,386 | €70,148 | -€18,237 | -20.6% |
| Other operating charges | 640/8 | €6,819 | €7,799 | +€980 | +14.4% |
| Gross operating margin | 9900 | €87,029 | €266,265 | +€179,236 | +206% |
| Operating profit (loss) | 9901 | -€8,176 | €188,317 | +€196,493 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.2% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.2% |
| Financial charges | 65/66B | €29,628 | €45,809 | +€16,181 | +54.6% |
| Recurring financial charges | 65 | €29,628 | €35,645 | +€6,017 | +20.3% |
| Non-recurring financial charges | 66B | - | €10,164 | +€10,164 | |
| Profit (loss) for the period before taxes | 9903 | -€37,801 | €142,508 | +€180,310 | |
| Income taxes | 67/77 | €534 | €31,663 | +€31,130 | +5,832% |
| Profit (loss) for the period | 9904 | -€38,335 | €110,845 | +€149,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,335 | €110,845 | +€149,180 |
Next steps
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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 8 November 2026 via checked.be.