ADD: what changed
Two fiscal 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
ADD
NACE 66.220, Insurance agents and brokers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.2m
2024 · €4.3m-€69,672
Equity
€4.1m
2024 · €4.1m+€26,410
Cash
€9.0m
2024 · €11.8m-€2.8m
Balance sheet total
€37.8m
2024 · €33.9m+€3.9m
Largest movements
Assets
- Current investments +€3.6m
up €3.6m (+27.3%), from €13.0m to €16.6m
- Cash -€2.8m
down €2.8m (-23.9%), from €11.8m to €9.0m
mainly Contributions, distributions and other (-€4.2m) and Current investments (-€3.6m)
- Receivables within one year +€2.0m
up €2.0m (+33.6%), from €5.9m to €7.8m
of which Trade receivables: +€1.3m
- Intangible fixed assets +€1.8m
up €1.8m (+332.1%), from €544,253 to €2.4m
- Financial fixed assets -€925,192
down €925,192 (-92.4%), from €1.0m to €76,093
of which Affiliated companies: -€1.0m
Equity and liabilities
- Trade debts +€3.3m
up €3.3m (+15.6%), from €21.3m to €24.6m
- Provisions +€742,539
up €742,539 (+225.6%), from €329,188 to €1.1m
- Accrued charges and deferred income -€436,717
down €436,717 (-21.6%), from €2.0m to €1.6m
- Tax, wage and social debts +€384,272
up €384,272 (+20.0%), from €1.9m to €2.3m
of which Remuneration and social security: +€262,071
Income statement
- Turnover +€2.2m
up €2.2m (+9.4%), from €23.3m to €25.5m
- Services and other goods +€764,100
up €764,100 (+12.8%), from €6.0m to €6.7m
- Other operating charges +€697,388
up €697,388 (+758.9%), from €91,897 to €789,285
- Staff costs +€683,608
up €683,608 (+5.5%), from €12.5m to €13.2m
- Other operating income +€510,855
up €510,855 (+57.0%), from €896,858 to €1.4m
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
€4.3m
Turnover
+€2.2m
Other operating income
+€510,855
Services and other goods
-€764,100
Staff costs
-€683,608
Depreciation
-€308,595
Write-downs
-€514
Provisions
-€291,090
Other operating charges
-€697,388
Other operating items
+€118,453
Financial income
+€158,232
Financial charges
-€115,202
Taxes
-€196,982
Result 2025
€4.2m
Cash bridge derived
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
+€6.9m
Investment
-€5.6m
Financing
-€4.2m
Cash 2024
€11.8m
From operations (derived)
+€6.9m
Net result for the year
+€4.2m
Depreciation
+€735,344
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€63,888
Provisions
+€742,539
Trade debts
+€3.3m
Tax, wage and social debts
+€384,272
Other debts
-€81,712
Accrued charges and deferred income
-€436,717
Investment (derived)
-€5.6m
Investment in fixed assets (net)
-€2.0m
Current investments
-€3.6m
Financing
-€4.2m
Contributions, distributions and other
-€4.2m
Cash 2025
€9.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,881,245 | €37,827,013 | +€3.9m | +11.6% |
| Fixed assets | 21/28 | €1,984,921 | €3,275,760 | +€1.3m | +65.0% |
| Intangible fixed assets | 21 | €544,253 | €2,351,486 | +€1.8m | +332.1% |
| Tangible fixed assets | 22/27 | €439,384 | €848,182 | +€408,798 | +93.0% |
| Plant, machinery and equipment | 23 | €418,995 | €324,961 | -€94,034 | -22.4% |
| Furniture and vehicles | 24 | €5,776 | €13,033 | +€7,257 | +125.6% |
| Other tangible fixed assets | 26 | €14,613 | €510,188 | +€495,575 | +3391.4% |
| Financial fixed assets | 28 | €1,001,285 | €76,093 | -€925,192 | -92.4% |
| Affiliated companies | 280/1 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Participating interests | 280 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Other financial fixed assets | 284/8 | €1,285 | €76,093 | +€74,808 | +5821.6% |
| Amounts receivable and cash guarantees | 285/8 | €1,285 | €76,093 | +€74,808 | +5821.6% |
| Current assets | 29/58 | €31,896,324 | €34,551,253 | +€2.7m | +8.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,852,551 | €7,821,871 | +€2.0m | +33.6% |
| Trade receivables | 40 | €3,466,029 | €4,755,538 | +€1.3m | +37.2% |
| Other amounts receivable | 41 | €2,386,522 | €3,066,333 | +€679,811 | +28.5% |
| Current investments | 50/53 | €13,047,887 | €16,614,863 | +€3.6m | +27.3% |
| Other investments | 51/53 | €13,047,887 | €16,614,863 | +€3.6m | +27.3% |
| Cash at bank and in hand | 54/58 | €11,778,245 | €8,960,766 | -€2.8m | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,217,642 | €1,153,754 | -€63,888 | -5.2% |
| Total equity and liabilities | 10/49 | €33,881,245 | €37,827,013 | +€3.9m | +11.6% |
| Equity | 10/15 | €4,080,499 | €4,106,909 | +€26,410 | +0.6% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Capital | 10 | €2,750,000 | €2,750,000 | = | 0.0% |
| Issued capital | 100 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €1,167,925 | €1,167,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €294,622 | €294,622 | = | 0.0% |
| Legal reserve | 130 | €275,000 | €275,000 | = | 0.0% |
| Other | 1319 | €19,622 | €19,622 | = | 0.0% |
| Tax-exempt reserves | 132 | €873,304 | €873,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,574 | €188,984 | +€26,410 | +16.2% |
| Provisions and deferred taxes | 16 | €329,188 | €1,071,728 | +€742,539 | +225.6% |
| Provisions for liabilities and charges | 160/5 | €329,188 | €1,071,728 | +€742,539 | +225.6% |
| Pensions and similar obligations | 160 | €75,794 | €235,821 | +€160,026 | +211.1% |
| Other liabilities and charges | 164/5 | €253,394 | €835,907 | +€582,513 | +229.9% |
| Amounts payable | 17/49 | €29,471,558 | €32,648,376 | +€3.2m | +10.8% |
| Amounts payable within one year | 42/48 | €27,448,242 | €31,061,778 | +€3.6m | +13.2% |
| Trade debts | 44 | €21,277,381 | €24,588,357 | +€3.3m | +15.6% |
| Suppliers | 440/4 | €21,277,381 | €24,588,357 | +€3.3m | +15.6% |
| Taxes, remuneration and social security | 45 | €1,922,501 | €2,306,773 | +€384,272 | +20.0% |
| Taxes | 450/3 | €86,120 | €208,321 | +€122,201 | +141.9% |
| Remuneration and social security | 454/9 | €1,836,381 | €2,098,451 | +€262,071 | +14.3% |
| Other amounts payable | 47/48 | €4,248,360 | €4,166,649 | -€81,712 | -1.9% |
| Accrued charges and deferred income | 492/3 | €2,023,315 | €1,586,598 | -€436,717 | -21.6% |
| Operating income | 70/76A | €24,278,790 | €27,133,178 | +€2.9m | +11.8% |
| Turnover | 70 | €23,305,948 | €25,506,216 | +€2.2m | +9.4% |
| Other operating income | 74 | €896,858 | €1,407,713 | +€510,855 | +57.0% |
| Non-recurring operating income | 76A | €75,984 | €219,249 | +€143,265 | +188.5% |
| Operating charges | 60/66A | €18,965,984 | €21,736,093 | +€2.8m | +14.6% |
| Services and other goods | 61 | €5,977,918 | €6,742,018 | +€764,100 | +12.8% |
| Remuneration, social security and pensions | 62 | €12,490,309 | €13,173,917 | +€683,608 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,749 | €735,344 | +€308,595 | +72.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,699 | €29,213 | +€514 | +1.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€49,587 | €241,503 | +€291,090 | |
| Other operating charges | 640/8 | €91,897 | €789,285 | +€697,388 | +758.9% |
| Non-recurring operating charges | 66A | €0 | €24,812 | +€24,812 | |
| Operating profit (loss) | 9901 | €5,312,805 | €5,397,086 | +€84,280 | +1.6% |
| Financial income | 75/76B | €283,506 | €441,738 | +€158,232 | +55.8% |
| Recurring financial income | 75 | €277,506 | €441,738 | +€164,232 | +59.2% |
| Income from current assets | 751 | €263,178 | €409,109 | +€145,930 | +55.4% |
| Other financial income | 752/9 | €14,327 | €32,629 | +€18,302 | +127.7% |
| Non-recurring financial income | 76B | €6,000 | €0 | -€6,000 | -100.0% |
| Financial charges | 65/66B | -€122,620 | -€7,419 | +€115,202 | +93.9% |
| Recurring financial charges | 65 | -€122,620 | -€7,419 | +€115,202 | +93.9% |
| Debt charges | 650 | €0 | - | = | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€273,867 | -€163,789 | +€110,077 | +40.2% |
| Other financial charges | 652/9 | €151,246 | €156,370 | +€5,124 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €5,718,931 | €5,846,242 | +€127,311 | +2.2% |
| Income taxes | 67/77 | €1,456,201 | €1,653,183 | +€196,982 | +13.5% |
| Taxes | 670/3 | €1,456,448 | €1,655,971 | +€199,523 | +13.7% |
| Tax adjustments and reversals of tax provisions | 77 | €247 | €2,788 | +€2,541 | +1028.4% |
| Profit (loss) for the period | 9904 | €4,262,730 | €4,193,059 | -€69,672 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,262,730 | €4,193,059 | -€69,672 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.