AB-BROKERS: 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.
What changed
AB-BROKERS
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€96,845
2024 · €70,129+€26,716
Equity
€192,500
2024 · €242,825-€50,325
Cash
€4,032
2024 · €6,837-€2,804
Balance sheet total
€462,979
2024 · €376,997+€85,982
Largest movements
Assets
- Receivables within one year +€89,427
up €89,427 (+24.8%), from €360,354 to €449,780
Equity and liabilities
- Other debts +€147,641
new in 2025: €147,641
- Reserves -€50,325
down €50,325 (-74.2%), from €67,825 to €17,500
of which Distributable reserves: -€50,325
- Accrued charges and deferred income -€15,132
down €15,132 (-100%), from €15,132 to €0
Income statement
- Turnover +€517,651
new in 2025: €517,651
- Purchases and services +€153,647
new in 2025: €153,647
- Gross operating margin +€94,003
up €94,003 (+34.4%), from €273,641 to €367,644
- Staff costs +€65,999
up €65,999 (+36.4%), from €181,437 to €247,436
- Taxes +€6,672
up €6,672 (+23.2%), from €28,788 to €35,460
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.
Result 2024
€70,129
Gross operating margin
+€94,003
Staff costs
-€65,999
Depreciation
+€1,721
Other operating charges
+€288
Other operating items
-€1,039
Financial income
+€3,744
Financial charges
+€669
Taxes
-€6,672
Result 2025
€96,845
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€145,377
Investment
-€1,012
Financing
-€147,169
Cash 2024
€6,837
From operations (derived)
+€145,377
Net result for the year
+€96,845
Depreciation
+€3,364
Receivables within one year
-€89,427
Deferred charges and accrued income
-€1,711
Trade debts
-€816
Tax, wage and social debts
+€4,613
Other debts
+€147,641
Accrued charges and deferred income
-€15,132
Investment (derived)
-€1,012
Investment in fixed assets (net)
-€1,012
Financing
-€147,169
Contributions, distributions and other
-€147,169
Cash 2025
€4,032
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,997 | €462,979 | +€85,982 | +22.8% |
| Fixed assets | 21/28 | €8,587 | €6,236 | -€2,352 | -27.4% |
| Tangible fixed assets | 22/27 | €8,587 | €6,236 | -€2,352 | -27.4% |
| Plant, machinery and equipment | 23 | €8,256 | €6,204 | -€2,052 | -24.9% |
| Furniture and vehicles | 24 | €331 | €31 | -€300 | -90.5% |
| Current assets | 29/58 | €368,409 | €456,743 | +€88,334 | +24.0% |
| Amounts receivable within one year | 40/41 | €360,354 | €449,780 | +€89,427 | +24.8% |
| Other amounts receivable | 41 | €360,354 | €449,780 | +€89,427 | +24.8% |
| Cash at bank and in hand | 54/58 | €6,837 | €4,032 | -€2,804 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,219 | €2,930 | +€1,711 | +140% |
| Total equity and liabilities | 10/49 | €376,997 | €462,979 | +€85,982 | +22.8% |
| Equity | 10/15 | €242,825 | €192,500 | -€50,325 | -20.7% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €67,825 | €17,500 | -€50,325 | -74.2% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €50,325 | €0 | -€50,325 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,172 | €270,479 | +€136,307 | +102% |
| Amounts payable within one year | 42/48 | €119,040 | €270,479 | +€151,439 | +127% |
| Trade debts | 44 | €67,100 | €66,284 | -€816 | -1.2% |
| Suppliers | 440/4 | €67,100 | €66,284 | -€816 | -1.2% |
| Taxes, remuneration and social security | 45 | €51,940 | €56,553 | +€4,613 | +8.9% |
| Taxes | 450/3 | €43,374 | €30,959 | -€12,415 | -28.6% |
| Remuneration and social security | 454/9 | €8,566 | €25,594 | +€17,028 | +199% |
| Other amounts payable | 47/48 | - | €147,641 | +€147,641 | |
| Accrued charges and deferred income | 492/3 | €15,132 | €0 | -€15,132 | -100% |
| Turnover | 70 | - | €517,651 | +€517,651 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €153,647 | +€153,647 | |
| Remuneration, social security and pensions | 62 | €181,437 | €247,436 | +€65,999 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,085 | €3,364 | -€1,721 | -33.8% |
| Other operating charges | 640/8 | €1,373 | €1,085 | -€288 | -21.0% |
| Non-recurring operating charges | 66A | €0 | €1,039 | +€1,039 | |
| Gross operating margin | 9900 | €273,641 | €367,644 | +€94,003 | +34.4% |
| Operating profit (loss) | 9901 | €85,746 | €114,720 | +€28,974 | +33.8% |
| Financial income | 75/76B | €14,304 | €18,048 | +€3,744 | +26.2% |
| Recurring financial income | 75 | €14,304 | €18,048 | +€3,744 | +26.2% |
| Financial charges | 65/66B | €1,133 | €464 | -€669 | -59.1% |
| Recurring financial charges | 65 | €1,133 | €464 | -€669 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €98,917 | €132,305 | +€33,388 | +33.8% |
| Income taxes | 67/77 | €28,788 | €35,460 | +€6,672 | +23.2% |
| Profit (loss) for the period | 9904 | €70,129 | €96,845 | +€26,716 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,129 | €96,845 | +€26,716 | +38.1% |
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 25 October 2026 via checked.be.