Thx.agency: what changed
Thx.agency
Largest movements
- Cash +€246,940
up €246,940 (+212%), from €116,413 to €363,353
mainly Accrued charges and deferred income (+€139,786) and Receivables within one year (+€103,451)
- Receivables within one year -€103,451
down €103,451 (-27.6%), from €374,817 to €271,366
of which Trade receivables: -€125,212
- Intangible fixed assets -€42,470
down €42,470 (-25.0%), from €169,879 to €127,409
- Current investments -€24,617
down €24,617 (-49.2%), from €50,000 to €25,383
- Deferred charges and accrued income +€22,575
up €22,575 (+580%), from €3,893 to €26,468
- Accrued charges and deferred income +€139,786
up €139,786 (+101%), from €138,865 to €278,651
- Trade debts +€60,776
up €60,776 (+36.8%), from €165,225 to €226,001
- Debts after one year -€29,405
down €29,405 (-15.6%), from €187,960 to €158,554
- Tax, wage and social debts -€27,480
down €27,480 (-61.1%), from €44,986 to €17,506
of which Taxes: -€28,789
- Other debts -€25,317
down €25,317 (-50.6%), from €50,000 to €24,683
- Gross operating margin +€24,301
up €24,301 (+10.3%), from €235,131 to €259,431
- Financial income +€5,853
up €5,853 (+4,672%), from €125 to €5,978
- Financial charges +€4,676
up €4,676 (+98.1%), from €4,768 to €9,443
- Staff costs +€3,189
up €3,189 (+2.0%), from €156,276 to €159,465
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,869 | €826,493 | +€99,624 | +13.7% |
| Fixed assets | 21/28 | €181,746 | €139,924 | -€41,822 | -23.0% |
| Intangible fixed assets | 21 | €169,879 | €127,409 | -€42,470 | -25.0% |
| Tangible fixed assets | 22/27 | €327 | - | -€327 | |
| Furniture and vehicles | 24 | €327 | - | -€327 | |
| Financial fixed assets | 28 | €11,540 | €12,515 | +€975 | +8.4% |
| Current assets | 29/58 | €545,122 | €686,569 | +€141,447 | +25.9% |
| Amounts receivable within one year | 40/41 | €374,817 | €271,366 | -€103,451 | -27.6% |
| Trade receivables | 40 | €365,257 | €240,045 | -€125,212 | -34.3% |
| Other amounts receivable | 41 | €9,560 | €31,321 | +€21,761 | +228% |
| Current investments | 50/53 | €50,000 | €25,383 | -€24,617 | -49.2% |
| Cash at bank and in hand | 54/58 | €116,413 | €363,353 | +€246,940 | +212% |
| Deferred charges and accrued income | 490/1 | €3,893 | €26,468 | +€22,575 | +580% |
| Total equity and liabilities | 10/49 | €726,869 | €826,493 | +€99,624 | +13.7% |
| Equity | 10/15 | €110,831 | €89,786 | -€21,044 | -19.0% |
| Contributions | 10/11 | €18,000 | €15,077 | -€2,923 | -16.2% |
| Profit (loss) carried forward | 14 | €92,831 | €74,710 | -€18,121 | -19.5% |
| Amounts payable | 17/49 | €616,038 | €736,707 | +€120,669 | +19.6% |
| Amounts payable after more than one year | 17 | €187,960 | €158,554 | -€29,405 | -15.6% |
| Financial debts | 170/4 | €187,960 | €158,554 | -€29,405 | -15.6% |
| Amounts payable within one year | 42/48 | €289,213 | €299,501 | +€10,288 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €29,003 | €29,405 | +€402 | +1.4% |
| Financial debts | 43 | - | €1,906 | +€1,906 | |
| Credit institutions | 430/8 | - | €1,906 | +€1,906 | |
| Trade debts | 44 | €165,225 | €226,001 | +€60,776 | +36.8% |
| Suppliers | 440/4 | €165,225 | €226,001 | +€60,776 | +36.8% |
| Taxes, remuneration and social security | 45 | €44,986 | €17,506 | -€27,480 | -61.1% |
| Taxes | 450/3 | €29,106 | €317 | -€28,789 | -98.9% |
| Remuneration and social security | 454/9 | €15,879 | €17,189 | +€1,310 | +8.2% |
| Other amounts payable | 47/48 | €50,000 | €24,683 | -€25,317 | -50.6% |
| Accrued charges and deferred income | 492/3 | €138,865 | €278,651 | +€139,786 | +101% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €156,276 | €159,465 | +€3,189 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,994 | €42,797 | -€197 | -0.5% |
| Other operating charges | 640/8 | €1,337 | €696 | -€641 | -48.0% |
| Gross operating margin | 9900 | €235,131 | €259,431 | +€24,301 | +10.3% |
| Operating profit (loss) | 9901 | €34,524 | €56,473 | +€21,950 | +63.6% |
| Financial income | 75/76B | €125 | €5,978 | +€5,853 | +4,672% |
| Recurring financial income | 75 | €125 | €5,978 | +€5,853 | +4,672% |
| Financial charges | 65/66B | €4,768 | €9,443 | +€4,676 | +98.1% |
| Recurring financial charges | 65 | €4,768 | €9,443 | +€4,676 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | €29,881 | €53,008 | +€23,127 | +77.4% |
| Income taxes | 67/77 | €10,300 | €9,553 | -€748 | -7.3% |
| Profit (loss) for the period | 9904 | €19,581 | €43,456 | +€23,875 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €19,581 | €43,456 | +€23,875 | +122% |
Next steps
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 2 November 2026 via checked.be.