SF 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.
SF AGENCY
Largest movements
- Receivables within one year +€7,044
up €7,044 (+32.3%), from €21,812 to €28,856
of which Other amounts receivable: +€7,026
- Tangible fixed assets -€5,048
down €5,048 (-51.9%), from €9,724 to €4,676
of which Furniture and vehicles: -€4,933
- Cash +€2,173
up €2,173 (+3.7%), from €59,437 to €61,611
mainly Other debts (+€41,310) and Net result for the year (+€32,314)
- Other debts +€41,310
new in 2024: €41,310
- Reserves -€30,996
down €30,996 (-47.2%), from €65,719 to €34,723
of which Distributable reserves: -€30,996
- Tax, wage and social debts -€3,669
down €3,669 (-24.4%), from €15,041 to €11,372
- Trade debts -€2,475
down €2,475 (-63.4%), from €3,907 to €1,432
- Gross operating margin +€10,043
up €10,043 (+24.5%), from €41,019 to €51,062
- Taxes +€1,953
up €1,953 (+19.3%), from €10,097 to €12,050
- Depreciation -€1,036
down €1,036 (-17.0%), from €6,084 to €5,048
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,973 | €95,143 | +€4,169 | +4.6% |
| Fixed assets | 21/28 | €9,724 | €4,676 | -€5,048 | -51.9% |
| Tangible fixed assets | 22/27 | €9,724 | €4,676 | -€5,048 | -51.9% |
| Land and buildings | 22 | €2,993 | €2,878 | -€115 | -3.8% |
| Furniture and vehicles | 24 | €6,732 | €1,799 | -€4,933 | -73.3% |
| Current assets | 29/58 | €81,249 | €90,466 | +€9,217 | +11.3% |
| Amounts receivable within one year | 40/41 | €21,812 | €28,856 | +€7,044 | +32.3% |
| Trade receivables | 40 | €847 | €865 | +€18 | +2.2% |
| Other amounts receivable | 41 | €20,965 | €27,991 | +€7,026 | +33.5% |
| Cash at bank and in hand | 54/58 | €59,437 | €61,611 | +€2,173 | +3.7% |
| Total equity and liabilities | 10/49 | €90,973 | €95,143 | +€4,169 | +4.6% |
| Equity | 10/15 | €72,025 | €41,029 | -€30,996 | -43.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,719 | €34,723 | -€30,996 | -47.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,859 | €32,863 | -€30,996 | -48.5% |
| Profit (loss) carried forward | 14 | €106 | €106 | = | 0.0% |
| Amounts payable | 17/49 | €18,948 | €54,113 | +€35,165 | +186% |
| Amounts payable within one year | 42/48 | €18,948 | €54,113 | +€35,165 | +186% |
| Trade debts | 44 | €3,907 | €1,432 | -€2,475 | -63.4% |
| Suppliers | 440/4 | €3,907 | €1,432 | -€2,475 | -63.4% |
| Taxes, remuneration and social security | 45 | €15,041 | €11,372 | -€3,669 | -24.4% |
| Taxes | 450/3 | €15,041 | €11,372 | -€3,669 | -24.4% |
| Other amounts payable | 47/48 | - | €41,310 | +€41,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,084 | €5,048 | -€1,036 | -17.0% |
| Other operating charges | 640/8 | €398 | €367 | -€32 | -8.0% |
| Gross operating margin | 9900 | €41,019 | €51,062 | +€10,043 | +24.5% |
| Operating profit (loss) | 9901 | €34,536 | €45,648 | +€11,111 | +32.2% |
| Financial income | 75/76B | €527 | €713 | +€185 | +35.1% |
| Recurring financial income | 75 | €527 | €713 | +€185 | +35.1% |
| Financial charges | 65/66B | €2,417 | €1,996 | -€421 | -17.4% |
| Recurring financial charges | 65 | €2,417 | €1,996 | -€421 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €32,647 | €44,364 | +€11,718 | +35.9% |
| Income taxes | 67/77 | €10,097 | €12,050 | +€1,953 | +19.3% |
| Profit (loss) for the period | 9904 | €22,549 | €32,314 | +€9,765 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,549 | €32,314 | +€9,765 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.