Algemene Verzekeringsgroep: what changed
Algemene Verzekeringsgroep
Largest movements
- Tangible fixed assets -€6,296
down €6,296 (-5.9%), from €106,262 to €99,965
of which Land and buildings: -€5,952
- Receivables within one year -€4,404
down €4,404 (-89.8%), from €4,904 to €500
- Cash +€2,677
up €2,677 (+115%), from €2,338 to €5,015
mainly Depreciation (+€6,296) and Receivables within one year (+€4,404)
- Debts after one year -€10,190
down €10,190 (-11.8%), from €86,158 to €75,968
of which Other amounts payable: -€6,778
- Profit (loss) carried forward +€1,999
up €1,999 (+23.5%), from -€8,492 to -€6,493
- Depreciation -€3,827
down €3,827 (-37.8%), from €10,123 to €6,296
- Gross operating margin -€3,826
down €3,826 (-24.3%), from €15,763 to €11,936
- Other operating charges -€178
down €178 (-6.3%), from €2,812 to €2,634
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,503 | €105,481 | -€8,023 | -7.1% |
| Fixed assets | 21/28 | €106,262 | €99,965 | -€6,296 | -5.9% |
| Tangible fixed assets | 22/27 | €106,262 | €99,965 | -€6,296 | -5.9% |
| Land and buildings | 22 | €105,917 | €99,965 | -€5,952 | -5.6% |
| Furniture and vehicles | 24 | €344 | - | -€344 | |
| Current assets | 29/58 | €7,242 | €5,515 | -€1,726 | -23.8% |
| Amounts receivable within one year | 40/41 | €4,904 | €500 | -€4,404 | -89.8% |
| Trade receivables | 40 | €4,904 | €500 | -€4,404 | -89.8% |
| Cash at bank and in hand | 54/58 | €2,338 | €5,015 | +€2,677 | +115% |
| Total equity and liabilities | 10/49 | €113,503 | €105,481 | -€8,023 | -7.1% |
| Equity | 10/15 | €21,750 | €23,749 | +€1,999 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,642 | €11,642 | = | 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% |
| Distributable reserves | 133 | €9,782 | €9,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,492 | -€6,493 | +€1,999 | +23.5% |
| Amounts payable | 17/49 | €91,753 | €81,732 | -€10,021 | -10.9% |
| Amounts payable after more than one year | 17 | €86,158 | €75,968 | -€10,190 | -11.8% |
| Financial debts | 170/4 | €66,328 | €62,916 | -€3,412 | -5.1% |
| Other amounts payable | 178/9 | €19,830 | €13,052 | -€6,778 | -34.2% |
| Amounts payable within one year | 42/48 | €5,595 | €5,764 | +€169 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €3,306 | €3,385 | +€79 | +2.4% |
| Trade debts | 44 | €1,089 | €1,179 | +€90 | +8.3% |
| Suppliers | 440/4 | €1,089 | €1,179 | +€90 | +8.3% |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,123 | €6,296 | -€3,827 | -37.8% |
| Other operating charges | 640/8 | €2,812 | €2,634 | -€178 | -6.3% |
| Gross operating margin | 9900 | €15,763 | €11,936 | -€3,826 | -24.3% |
| Operating profit (loss) | 9901 | €2,827 | €3,006 | +€179 | +6.3% |
| Financial charges | 65/66B | €1,050 | €1,007 | -€42 | -4.0% |
| Recurring financial charges | 65 | €1,050 | €1,007 | -€42 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €1,777 | €1,999 | +€222 | +12.5% |
| Profit (loss) for the period | 9904 | €1,777 | €1,999 | +€222 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,777 | €1,999 | +€222 | +12.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.