X-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.
X-AGENCY
Largest movements
- Cash +€3,866
up €3,866 (+154%), from €2,518 to €6,384
mainly Net result for the year (+€4,388) and Depreciation (+€1,691)
- Tangible fixed assets +€1,309
up €1,309 (+57.0%), from €2,296 to €3,605
- Profit (loss) carried forward +€4,388
up €4,388, from -€3,093 to €1,295
- Tax, wage and social debts +€661
up €661 (+125%), from €527 to €1,188
- Gross operating margin +€11,312
up €11,312, from -€4,667 to €6,645
- Depreciation +€383
up €383 (+29.3%), from €1,307 to €1,691
- Financial charges -€138
down €138 (-45.3%), from €304 to €166
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 | €17,681 | €22,856 | +€5,175 | +29.3% |
| Fixed assets | 21/28 | €13,596 | €14,905 | +€1,309 | +9.6% |
| Intangible fixed assets | 21 | €8,500 | €8,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,296 | €3,605 | +€1,309 | +57.0% |
| Furniture and vehicles | 24 | €2,296 | €3,605 | +€1,309 | +57.0% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €4,085 | €7,951 | +€3,866 | +94.6% |
| Amounts receivable within one year | 40/41 | €1,567 | €1,567 | = | 0.0% |
| Trade receivables | 40 | €1,567 | €1,567 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,518 | €6,384 | +€3,866 | +154% |
| Total equity and liabilities | 10/49 | €17,681 | €22,856 | +€5,175 | +29.3% |
| Equity | 10/15 | €13,467 | €17,855 | +€4,388 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,093 | €1,295 | +€4,388 | |
| Amounts payable | 17/49 | €4,214 | €5,001 | +€787 | +18.7% |
| Amounts payable within one year | 42/48 | €4,214 | €5,001 | +€787 | +18.7% |
| Trade debts | 44 | €2,778 | €2,904 | +€126 | +4.5% |
| Suppliers | 440/4 | €2,778 | €2,904 | +€126 | +4.5% |
| Advances received on contracts in progress | 46 | €454 | €454 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €527 | €1,188 | +€661 | +125% |
| Taxes | 450/3 | €527 | €1,188 | +€661 | +125% |
| Other amounts payable | 47/48 | €455 | €455 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,307 | €1,691 | +€383 | +29.3% |
| Other operating charges | 640/8 | €407 | €400 | -€8 | -1.9% |
| Gross operating margin | 9900 | -€4,667 | €6,645 | +€11,312 | |
| Operating profit (loss) | 9901 | -€6,382 | €4,554 | +€10,936 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €304 | €166 | -€138 | -45.3% |
| Recurring financial charges | 65 | €304 | €166 | -€138 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,686 | €4,388 | +€11,074 | |
| Profit (loss) for the period | 9904 | -€6,686 | €4,388 | +€11,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,686 | €4,388 | +€11,074 |
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 23 October 2026 via checked.be.