W 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.
W AGENCY
Largest movements
- Tangible fixed assets +€2,184
up €2,184 (+14.5%), from €15,078 to €17,262
of which Furniture and vehicles: +€3,669
- Cash +€1,322
up €1,322 (+8.0%), from €16,426 to €17,749
mainly Net result for the year (+€12,542) and Depreciation (+€2,459)
- Receivables within one year +€1,264
up €1,264 (+12.0%), from €10,515 to €11,779
- Reserves +€10,140
up €10,140 (+545%), from €1,860 to €12,000
of which Distributable reserves: +€12,000
- Tax, wage and social debts -€4,524
down €4,524 (-33.2%), from €13,616 to €9,093
of which Remuneration and social security: -€8,503
- Other debts -€2,500
down €2,500 (-77.5%), from €3,228 to €728
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Trade debts -€748
down €748 (-19.5%), from €3,831 to €3,083
- Gross operating margin +€11,511
up €11,511 (+106%), from €10,834 to €22,345
- Taxes +€3,026
up €3,026 (+99.6%), from €3,037 to €6,062
- Other operating charges -€869
down €869 (-68.2%), from €1,275 to €406
- Financial charges +€801
up €801 (+603%), from €133 to €934
- Depreciation +€779
up €779 (+46.4%), from €1,679 to €2,459
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 | €42,019 | €46,790 | +€4,770 | +11.4% |
| Fixed assets | 21/28 | €15,078 | €17,262 | +€2,184 | +14.5% |
| Tangible fixed assets | 22/27 | €15,078 | €17,262 | +€2,184 | +14.5% |
| Land and buildings | 22 | €14,850 | €13,365 | -€1,485 | -10.0% |
| Furniture and vehicles | 24 | €228 | €3,897 | +€3,669 | +1,612% |
| Current assets | 29/58 | €26,942 | €29,528 | +€2,586 | +9.6% |
| Amounts receivable within one year | 40/41 | €10,515 | €11,779 | +€1,264 | +12.0% |
| Trade receivables | 40 | €10,515 | €11,779 | +€1,264 | +12.0% |
| Cash at bank and in hand | 54/58 | €16,426 | €17,749 | +€1,322 | +8.0% |
| Total equity and liabilities | 10/49 | €42,019 | €46,790 | +€4,770 | +11.4% |
| Equity | 10/15 | €21,344 | €33,886 | +€12,542 | +58.8% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | €12,000 | +€10,140 | +545% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €13,284 | €13,826 | +€542 | +4.1% |
| Amounts payable | 17/49 | €20,675 | €12,903 | -€7,772 | -37.6% |
| Amounts payable within one year | 42/48 | €20,675 | €12,903 | -€7,772 | -37.6% |
| Trade debts | 44 | €3,831 | €3,083 | -€748 | -19.5% |
| Suppliers | 440/4 | €3,831 | €3,083 | -€748 | -19.5% |
| Taxes, remuneration and social security | 45 | €13,616 | €9,093 | -€4,524 | -33.2% |
| Taxes | 450/3 | €5,082 | €9,061 | +€3,979 | +78.3% |
| Remuneration and social security | 454/9 | €8,535 | €32 | -€8,503 | -99.6% |
| Other amounts payable | 47/48 | €3,228 | €728 | -€2,500 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | €2,459 | +€779 | +46.4% |
| Other operating charges | 640/8 | €1,275 | €406 | -€869 | -68.2% |
| Gross operating margin | 9900 | €10,834 | €22,345 | +€11,511 | +106% |
| Operating profit (loss) | 9901 | €7,880 | €19,481 | +€11,600 | +147% |
| Financial income | 75/76B | €9 | €58 | +€49 | +534% |
| Recurring financial income | 75 | €9 | €58 | +€49 | +534% |
| Financial charges | 65/66B | €133 | €934 | +€801 | +603% |
| Recurring financial charges | 65 | €133 | €934 | +€801 | +603% |
| Profit (loss) for the period before taxes | 9903 | €7,757 | €18,604 | +€10,848 | +140% |
| Income taxes | 67/77 | €3,037 | €6,062 | +€3,026 | +99.6% |
| Profit (loss) for the period | 9904 | €4,720 | €12,542 | +€7,822 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €4,720 | €12,542 | +€7,822 | +166% |
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 27 October 2026 via checked.be.