TBD 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.
TBD Agency
Largest movements
- Cash +€98,049
up €98,049 (+10,890%), from €900 to €98,949
mainly Net result for the year (+€132,236) and Receivables within one year (+€48,854)
- Receivables within one year -€48,854
down €48,854 (-30.5%), from €160,253 to €111,399
of which Trade receivables: -€48,866
- Tangible fixed assets -€19,078
down €19,078 (-21.7%), from €87,772 to €68,694
of which Furniture and vehicles: -€22,266
- Reserves +€53,842
up €53,842 (+46.9%), from €114,815 to €168,657
of which Distributable reserves: +€28,582
- Tax, wage and social debts -€14,548
down €14,548 (-23.6%), from €61,649 to €47,101
of which Taxes: -€16,195
- Debts after one year -€7,042
down €7,042 (-25.9%), from €27,201 to €20,158
- Gross operating margin +€105,980
up €105,980 (+48.9%), from €216,572 to €322,552
- Taxes +€28,469
up €28,469 (+107%), from €26,519 to €54,988
- Staff costs +€15,597
up €15,597 (+17.4%), from €89,694 to €105,291
- Depreciation +€5,982
up €5,982 (+27.5%), from €21,755 to €27,737
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 | €252,491 | €284,107 | +€31,616 | +12.5% |
| Fixed assets | 21/28 | €87,772 | €68,694 | -€19,078 | -21.7% |
| Tangible fixed assets | 22/27 | €87,772 | €68,694 | -€19,078 | -21.7% |
| Land and buildings | 22 | €102 | €0 | -€102 | -100% |
| Plant, machinery and equipment | 23 | €3,315 | €6,605 | +€3,290 | +99.3% |
| Furniture and vehicles | 24 | €84,355 | €62,089 | -€22,266 | -26.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €164,720 | €215,413 | +€50,693 | +30.8% |
| Amounts receivable within one year | 40/41 | €160,253 | €111,399 | -€48,854 | -30.5% |
| Trade receivables | 40 | €160,205 | €111,338 | -€48,866 | -30.5% |
| Other amounts receivable | 41 | €49 | €60 | +€12 | +24.4% |
| Cash at bank and in hand | 54/58 | €900 | €98,949 | +€98,049 | +10,890% |
| Deferred charges and accrued income | 490/1 | €3,566 | €5,065 | +€1,499 | +42.0% |
| Total equity and liabilities | 10/49 | €252,491 | €284,107 | +€31,616 | +12.5% |
| Equity | 10/15 | €123,815 | €177,657 | +€53,842 | +43.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €114,815 | €168,657 | +€53,842 | +46.9% |
| Tax-exempt reserves | 132 | - | €25,260 | +€25,260 | |
| Distributable reserves | 133 | €114,815 | €143,397 | +€28,582 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,676 | €106,450 | -€22,226 | -17.3% |
| Amounts payable after more than one year | 17 | €27,201 | €20,158 | -€7,042 | -25.9% |
| Financial debts | 170/4 | €27,201 | €20,158 | -€7,042 | -25.9% |
| Amounts payable within one year | 42/48 | €101,476 | €86,292 | -€15,184 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €6,777 | €7,042 | +€266 | +3.9% |
| Financial debts | 43 | €38 | €153 | +€116 | +308% |
| Credit institutions | 430/8 | €38 | €153 | +€116 | +308% |
| Trade debts | 44 | €22,044 | €20,892 | -€1,152 | -5.2% |
| Suppliers | 440/4 | €22,044 | €20,892 | -€1,152 | -5.2% |
| Taxes, remuneration and social security | 45 | €61,649 | €47,101 | -€14,548 | -23.6% |
| Taxes | 450/3 | €49,845 | €33,650 | -€16,195 | -32.5% |
| Remuneration and social security | 454/9 | €11,804 | €13,450 | +€1,647 | +14.0% |
| Other amounts payable | 47/48 | €10,968 | €11,104 | +€135 | +1.2% |
| Remuneration, social security and pensions | 62 | €89,694 | €105,291 | +€15,597 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,755 | €27,737 | +€5,982 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,341 | €936 | -€405 | -30.2% |
| Gross operating margin | 9900 | €216,572 | €322,552 | +€105,980 | +48.9% |
| Operating profit (loss) | 9901 | €103,782 | €188,588 | +€84,806 | +81.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €780 | €1,366 | +€586 | +75.2% |
| Recurring financial charges | 65 | €780 | €1,366 | +€586 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €103,003 | €187,223 | +€84,221 | +81.8% |
| Income taxes | 67/77 | €26,519 | €54,988 | +€28,469 | +107% |
| Profit (loss) for the period | 9904 | €76,484 | €132,236 | +€55,752 | +72.9% |
| Transfer to tax-exempt reserves | 689 | - | €25,260 | +€25,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,484 | €106,976 | +€30,492 | +39.9% |
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 29 October 2026 via checked.be.