AGENSEE: what changed
What changed
AGENSEE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€57,560
2025 · -€114,787+€172,347
Equity
€101,301
2025 · €73,741+€27,560
Cash
€718
2025 · €20+€698
Balance sheet total
€1.0m
2025 · €995,770+€31,321
Largest movements
Assets
- Receivables within one year +€55,613
up €55,613 (+487%), from €11,413 to €67,026
of which Other amounts receivable: +€28,402
- Tangible fixed assets -€25,068
down €25,068 (-2.6%), from €974,573 to €949,506
of which Land and buildings: -€22,400
Equity and liabilities
- Profit (loss) carried forward +€57,560
up €57,560 (+70.4%), from -€81,819 to -€24,259
- Debts after one year -€44,993
down €44,993 (-5.6%), from €797,950 to €752,956
- Current portion of long-term debt +€35,250
up €35,250 (+101%), from €34,861 to €70,111
- Reserves -€30,000
down €30,000 (-20.1%), from €149,360 to €119,360
- Other debts +€25,867
up €25,867 (+103%), from €25,133 to €51,000
Income statement
- Gross operating margin +€104,546
up €104,546 (+298%), from €35,069 to €139,615
- Financial charges -€17,703
down €17,703 (-24.8%), from €71,427 to €53,724
of which Non-recurring financial charges: -€32,111
- Financial income -€9,814
down €9,814 (-92.6%), from €10,593 to €779
- Write-downs -€4,125
down €4,125 (-100%), from €4,125 to €0
- Other operating charges -€4,117
down €4,117 (-62.1%), from €6,633 to €2,516
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€114,787
Gross operating margin
+€104,546
Depreciation
+€2,211
Write-downs
+€4,125
Other operating charges
+€4,117
Other operating items
+€50,985
Financial income
-€9,814
Financial charges
+€17,703
Taxes
-€1,526
Result 2026
€57,560
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,441
Investment
€0
Financing
-€39,743
Cash 2025
€20
From operations (derived)
+€40,441
Net result for the year
+€57,560
Depreciation
+€25,068
Receivables within one year
-€55,613
Smaller working-capital items
-€183
Trade debts
-€14,533
Tax, wage and social debts
+€2,275
Other debts
+€25,867
Financing
-€39,743
Debts after one year
-€44,993
Current portion of long-term debt
+€35,250
Contributions, distributions and other
-€30,000
Cash 2026
€718
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,770 | €1,027,091 | +€31,321 | +3.1% |
| Fixed assets | 21/28 | €974,573 | €949,506 | -€25,068 | -2.6% |
| Tangible fixed assets | 22/27 | €974,573 | €949,506 | -€25,068 | -2.6% |
| Land and buildings | 22 | €966,752 | €944,352 | -€22,400 | -2.3% |
| Furniture and vehicles | 24 | €7,821 | €5,154 | -€2,667 | -34.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €21,197 | €77,585 | +€56,388 | +266% |
| Amounts receivable within one year | 40/41 | €11,413 | €67,026 | +€55,613 | +487% |
| Trade receivables | 40 | €10,964 | €38,174 | +€27,210 | +248% |
| Other amounts receivable | 41 | €450 | €28,852 | +€28,402 | +6,317% |
| Cash at bank and in hand | 54/58 | €20 | €718 | +€698 | +3,459% |
| Deferred charges and accrued income | 490/1 | €9,763 | €9,841 | +€78 | +0.8% |
| Total equity and liabilities | 10/49 | €995,770 | €1,027,091 | +€31,321 | +3.1% |
| Equity | 10/15 | €73,741 | €101,301 | +€27,560 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,360 | €119,360 | -€30,000 | -20.1% |
| Distributable reserves | 133 | €149,360 | €119,360 | -€30,000 | -20.1% |
| Profit (loss) carried forward | 14 | -€81,819 | -€24,259 | +€57,560 | +70.4% |
| Amounts payable | 17/49 | €922,029 | €925,790 | +€3,760 | +0.4% |
| Amounts payable after more than one year | 17 | €797,950 | €752,956 | -€44,993 | -5.6% |
| Financial debts | 170/4 | €797,950 | €752,956 | -€44,993 | -5.6% |
| Amounts payable within one year | 42/48 | €123,852 | €172,711 | +€48,859 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €34,861 | €70,111 | +€35,250 | +101% |
| Trade debts | 44 | €33,707 | €19,174 | -€14,533 | -43.1% |
| Suppliers | 440/4 | €33,707 | €19,174 | -€14,533 | -43.1% |
| Taxes, remuneration and social security | 45 | €30,151 | €32,426 | +€2,275 | +7.5% |
| Taxes | 450/3 | €30,151 | €32,426 | +€2,275 | +7.5% |
| Other amounts payable | 47/48 | €25,133 | €51,000 | +€25,867 | +103% |
| Accrued charges and deferred income | 492/3 | €227 | €122 | -€105 | -46.3% |
| Non-recurring operating income | 76A | - | €646 | +€646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,279 | €25,068 | -€2,211 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,125 | €0 | -€4,125 | -100% |
| Other operating charges | 640/8 | €6,633 | €2,516 | -€4,117 | -62.1% |
| Non-recurring operating charges | 66A | €50,985 | €0 | -€50,985 | -100% |
| Gross operating margin | 9900 | €35,069 | €139,615 | +€104,546 | +298% |
| Operating profit (loss) | 9901 | -€53,953 | €112,031 | +€165,984 | |
| Financial income | 75/76B | €10,593 | €779 | -€9,814 | -92.6% |
| Recurring financial income | 75 | €10,593 | €779 | -€9,814 | -92.6% |
| Financial charges | 65/66B | €71,427 | €53,724 | -€17,703 | -24.8% |
| Recurring financial charges | 65 | €39,316 | €53,724 | +€14,408 | +36.6% |
| Non-recurring financial charges | 66B | €32,111 | €0 | -€32,111 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€114,787 | €59,087 | +€173,874 | |
| Income taxes | 67/77 | €0 | €1,526 | +€1,526 | |
| Profit (loss) for the period | 9904 | -€114,787 | €57,560 | +€172,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,787 | €57,560 | +€172,347 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.