R-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.
R-Agency
Largest movements
- Cash +€10,714
up €10,714 (+22.5%), from €47,531 to €58,245
mainly Net result for the year (+€8,908) and Trade debts (+€8,221)
- Receivables within one year +€4,438
up €4,438 (+196%), from €2,263 to €6,700
of which Trade receivables: +€4,344
- Deferred charges and accrued income +€1,172
new in 2025: €1,172
- Reserves +€8,908
new in 2025: €8,908
- Trade debts +€8,221
up €8,221 (+107,744%), from €8 to €8,228
- Tax, wage and social debts -€1,591
down €1,591 (-20.5%), from €7,773 to €6,182
- Gross operating margin -€7,575
down €7,575 (-27.9%), from €27,189 to €19,614
- Taxes -€1,531
down €1,531 (-20.7%), from €7,384 to €5,853
- Financial charges +€364
up €364 (+1,611%), from €23 to €387
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 | €53,255 | €68,915 | +€15,661 | +29.4% |
| Fixed assets | 21/28 | €3,458 | €2,794 | -€663 | -19.2% |
| Tangible fixed assets | 22/27 | €3,458 | €2,794 | -€663 | -19.2% |
| Land and buildings | 22 | - | €2,794 | +€2,794 | |
| Furniture and vehicles | 24 | €3,458 | - | -€3,458 | |
| Current assets | 29/58 | €49,797 | €66,121 | +€16,324 | +32.8% |
| Amounts receivable within one year | 40/41 | €2,263 | €6,700 | +€4,438 | +196% |
| Trade receivables | 40 | €773 | €5,117 | +€4,344 | +562% |
| Other amounts receivable | 41 | €1,490 | €1,584 | +€94 | +6.3% |
| Current investments | 50/53 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,531 | €58,245 | +€10,714 | +22.5% |
| Deferred charges and accrued income | 490/1 | - | €1,172 | +€1,172 | |
| Total equity and liabilities | 10/49 | €53,255 | €68,915 | +€15,661 | +29.4% |
| Equity | 10/15 | €44,138 | €53,046 | +€8,908 | +20.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €8,908 | +€8,908 | |
| Distributable reserves | 133 | - | €8,908 | +€8,908 | |
| Profit (loss) carried forward | 14 | €31,738 | €31,738 | = | 0.0% |
| Amounts payable | 17/49 | €9,117 | €15,870 | +€6,753 | +74.1% |
| Amounts payable within one year | 42/48 | €9,117 | €15,870 | +€6,753 | +74.1% |
| Trade debts | 44 | €8 | €8,228 | +€8,221 | +107,744% |
| Suppliers | 440/4 | €8 | €8,228 | +€8,221 | +107,744% |
| Taxes, remuneration and social security | 45 | €7,773 | €6,182 | -€1,591 | -20.5% |
| Taxes | 450/3 | €7,773 | €6,182 | -€1,591 | -20.5% |
| Other amounts payable | 47/48 | €1,336 | €1,459 | +€123 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,867 | €3,738 | -€129 | -3.3% |
| Other operating charges | 640/8 | €745 | €768 | +€23 | +3.0% |
| Gross operating margin | 9900 | €27,189 | €19,614 | -€7,575 | -27.9% |
| Operating profit (loss) | 9901 | €22,577 | €15,108 | -€7,469 | -33.1% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €23 | €387 | +€364 | +1,611% |
| Recurring financial charges | 65 | €23 | €387 | +€364 | +1,611% |
| Profit (loss) for the period before taxes | 9903 | €22,554 | €14,760 | -€7,794 | -34.6% |
| Income taxes | 67/77 | €7,384 | €5,853 | -€1,531 | -20.7% |
| Profit (loss) for the period | 9904 | €15,170 | €8,908 | -€6,263 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,170 | €8,908 | -€6,263 | -41.3% |
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 27 October 2026 via checked.be.