AB Verzekeringen: 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.
AB Verzekeringen
Largest movements
- Receivables after one year -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€118,741
up €118,741 (+73.6%), from €161,389 to €280,130
of which Other amounts receivable: +€107,861
- Tangible fixed assets -€13,344
down €13,344 (-13.0%), from €102,763 to €89,419
of which Other tangible fixed assets: -€10,744
- Cash +€9,727
up €9,727 (+47.8%), from €20,330 to €30,057
mainly Receivables after one year (+€200,000) and Net result for the year (+€124,317)
- Reserves -€105,683
down €105,683 (-58.9%), from €179,381 to €73,698
- Other debts +€30,009
up €30,009 (+15.0%), from €200,398 to €230,408
- Current portion of long-term debt -€26,487
no longer reported in 2025 (was €26,487)
- Tax, wage and social debts +€10,534
up €10,534 (+20.2%), from €52,056 to €62,590
of which Taxes: +€17,128
- Trade debts +€9,608
up €9,608 (+126%), from €7,605 to €17,213
- Gross operating margin +€47,785
up €47,785 (+14.0%), from €341,948 to €389,733
- Taxes +€10,709
up €10,709 (+32.0%), from €33,450 to €44,159
- Financial income -€8,897
down €8,897 (-64.5%), from €13,788 to €4,891
- Depreciation -€5,400
down €5,400 (-20.5%), from €26,316 to €20,916
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 | €495,817 | €404,914 | -€90,904 | -18.3% |
| Fixed assets | 21/28 | €108,477 | €93,426 | -€15,051 | -13.9% |
| Intangible fixed assets | 21 | €2,114 | €407 | -€1,707 | -80.8% |
| Tangible fixed assets | 22/27 | €102,763 | €89,419 | -€13,344 | -13.0% |
| Plant, machinery and equipment | 23 | €12,432 | €13,795 | +€1,363 | +11.0% |
| Furniture and vehicles | 24 | €6,852 | €2,889 | -€3,963 | -57.8% |
| Other tangible fixed assets | 26 | €83,479 | €72,735 | -€10,744 | -12.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €387,340 | €311,488 | -€75,853 | -19.6% |
| Amounts receivable after more than one year | 29 | €200,000 | - | -€200,000 | |
| Other amounts receivable | 291 | €200,000 | - | -€200,000 | |
| Amounts receivable within one year | 40/41 | €161,389 | €280,130 | +€118,741 | +73.6% |
| Trade receivables | 40 | €40,668 | €51,548 | +€10,880 | +26.8% |
| Other amounts receivable | 41 | €120,721 | €228,582 | +€107,861 | +89.3% |
| Cash at bank and in hand | 54/58 | €20,330 | €30,057 | +€9,727 | +47.8% |
| Deferred charges and accrued income | 490/1 | €5,622 | €1,301 | -€4,320 | -76.9% |
| Total equity and liabilities | 10/49 | €495,817 | €404,914 | -€90,904 | -18.3% |
| Equity | 10/15 | €197,981 | €92,298 | -€105,683 | -53.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,381 | €73,698 | -€105,683 | -58.9% |
| Distributable reserves | 133 | €179,381 | €73,698 | -€105,683 | -58.9% |
| Amounts payable | 17/49 | €297,837 | €312,616 | +€14,779 | +5.0% |
| Amounts payable within one year | 42/48 | €295,863 | €310,583 | +€14,720 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €26,487 | - | -€26,487 | |
| Financial debts | 43 | €8,468 | - | -€8,468 | |
| Credit institutions | 430/8 | €8,468 | - | -€8,468 | |
| Trade debts | 44 | €7,605 | €17,213 | +€9,608 | +126% |
| Suppliers | 440/4 | €7,605 | €17,213 | +€9,608 | +126% |
| Advances received on contracts in progress | 46 | €848 | €373 | -€475 | -56.1% |
| Taxes, remuneration and social security | 45 | €52,056 | €62,590 | +€10,534 | +20.2% |
| Taxes | 450/3 | €14,882 | €32,010 | +€17,128 | +115% |
| Remuneration and social security | 454/9 | €37,174 | €30,579 | -€6,595 | -17.7% |
| Other amounts payable | 47/48 | €200,398 | €230,408 | +€30,009 | +15.0% |
| Accrued charges and deferred income | 492/3 | €1,974 | €2,033 | +€60 | +3.0% |
| Remuneration, social security and pensions | 62 | €199,804 | €202,057 | +€2,252 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,316 | €20,916 | -€5,400 | -20.5% |
| Other operating charges | 640/8 | €972 | €894 | -€78 | -8.0% |
| Gross operating margin | 9900 | €341,948 | €389,733 | +€47,785 | +14.0% |
| Operating profit (loss) | 9901 | €114,855 | €165,866 | +€51,011 | +44.4% |
| Financial income | 75/76B | €13,788 | €4,891 | -€8,897 | -64.5% |
| Recurring financial income | 75 | €13,788 | €4,891 | -€8,897 | -64.5% |
| Financial charges | 65/66B | €3,181 | €2,281 | -€900 | -28.3% |
| Recurring financial charges | 65 | €3,181 | €2,281 | -€900 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €125,462 | €168,476 | +€43,014 | +34.3% |
| Income taxes | 67/77 | €33,450 | €44,159 | +€10,709 | +32.0% |
| Profit (loss) for the period | 9904 | €92,012 | €124,317 | +€32,305 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,012 | €124,317 | +€32,305 | +35.1% |
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 27 October 2026 via checked.be.