ASSURANCES SPITERI: 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
ASSURANCES SPITERI
NACE 66.220, Insurance agents and brokers
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€4,447
2023 · €17,021-€12,574
Equity
€1.0m
2023 · €1.0m+€4,447
Cash
€179,531
2023 · €179,287+€243
Balance sheet total
€5.0m
2023 · €5.2m-€237,626
Largest movements
Assets
- Intangible fixed assets -€90,729
down €90,729 (-47.1%), from €192,774 to €102,045
- Deferred charges and accrued income -€70,551
down €70,551 (-81.5%), from €86,521 to €15,970
Equity and liabilities
- Debts after one year -€315,307
down €315,307 (-8.5%), from €3.7m to €3.4m
of which Other amounts payable: -€180,527
Income statement
- Gross operating margin +€46,491
up €46,491 (+7.6%), from €612,983 to €659,475
- Other operating charges +€37,701
up €37,701 (+479%), from €7,867 to €45,568
- Taxes +€8,661
up €8,661 (+40.3%), from €21,469 to €30,129
From the 2023 result to the 2024 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 2023
€17,021
Gross operating margin
+€46,491
Staff costs
-€5,645
Depreciation
-€4,824
Other operating charges
-€37,701
Financial income
+€3,025
Financial charges
-€5,259
Taxes
-€8,661
Result 2024
€4,447
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€302,072
Investment
-€2,845
Financing
-€298,984
Cash 2023
€179,287
From operations (derived)
+€302,072
Net result for the year
+€4,447
Depreciation
+€118,785
Receivables after one year
+€4,013
Receivables within one year
+€47,365
Deferred charges and accrued income
+€70,551
Trade debts
-€6,620
Tax, wage and social debts
+€29,155
Advances received
+€9,441
Other debts
+€15,184
Accrued charges and deferred income
+€9,751
Investment (derived)
-€2,845
Investment in fixed assets (net)
-€2,845
Financing
-€298,984
Debts after one year
-€315,307
Current portion of long-term debt
+€16,323
Cash 2024
€179,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,196,570 | €4,958,944 | -€237,626 | -4.6% |
| Fixed assets | 21/28 | €4,756,946 | €4,641,006 | -€115,940 | -2.4% |
| Intangible fixed assets | 21 | €192,774 | €102,045 | -€90,729 | -47.1% |
| Tangible fixed assets | 22/27 | €110,336 | €85,125 | -€25,211 | -22.8% |
| Plant, machinery and equipment | 23 | €50,959 | €37,912 | -€13,047 | -25.6% |
| Furniture and vehicles | 24 | €14,196 | €7,363 | -€6,833 | -48.1% |
| Other tangible fixed assets | 26 | €45,181 | €39,850 | -€5,330 | -11.8% |
| Financial fixed assets | 28 | €4,453,835 | €4,453,835 | = | 0.0% |
| Current assets | 29/58 | €439,624 | €317,938 | -€121,686 | -27.7% |
| Amounts receivable after more than one year | 29 | €4,013 | - | -€4,013 | |
| Other amounts receivable | 291 | €4,013 | - | -€4,013 | |
| Amounts receivable within one year | 40/41 | €169,802 | €122,437 | -€47,365 | -27.9% |
| Trade receivables | 40 | €1,000 | €81,425 | +€80,425 | +8,042% |
| Other amounts receivable | 41 | €168,802 | €41,013 | -€127,790 | -75.7% |
| Cash at bank and in hand | 54/58 | €179,287 | €179,531 | +€243 | +0.1% |
| Deferred charges and accrued income | 490/1 | €86,521 | €15,970 | -€70,551 | -81.5% |
| Total equity and liabilities | 10/49 | €5,196,570 | €4,958,944 | -€237,626 | -4.6% |
| Equity | 10/15 | €1,011,358 | €1,015,805 | +€4,447 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €991,358 | €995,805 | +€4,447 | +0.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €989,358 | €993,805 | +€4,447 | +0.4% |
| Amounts payable | 17/49 | €4,185,212 | €3,943,139 | -€242,072 | -5.8% |
| Amounts payable after more than one year | 17 | €3,716,061 | €3,400,754 | -€315,307 | -8.5% |
| Financial debts | 170/4 | €739,575 | €604,795 | -€134,779 | -18.2% |
| Other amounts payable | 178/9 | €2,976,486 | €2,795,959 | -€180,527 | -6.1% |
| Amounts payable within one year | 42/48 | €417,151 | €480,634 | +€63,483 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €180,194 | €196,517 | +€16,323 | +9.1% |
| Trade debts | 44 | €105,416 | €98,796 | -€6,620 | -6.3% |
| Suppliers | 440/4 | €105,416 | €98,796 | -€6,620 | -6.3% |
| Advances received on contracts in progress | 46 | - | €9,441 | +€9,441 | |
| Taxes, remuneration and social security | 45 | €114,922 | €144,077 | +€29,155 | +25.4% |
| Taxes | 450/3 | €39,456 | €66,124 | +€26,667 | +67.6% |
| Remuneration and social security | 454/9 | €75,466 | €77,953 | +€2,488 | +3.3% |
| Other amounts payable | 47/48 | €16,618 | €31,802 | +€15,184 | +91.4% |
| Accrued charges and deferred income | 492/3 | €52,000 | €61,751 | +€9,751 | +18.8% |
| Remuneration, social security and pensions | 62 | €426,926 | €432,571 | +€5,645 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,961 | €118,785 | +€4,824 | +4.2% |
| Other operating charges | 640/8 | €7,867 | €45,568 | +€37,701 | +479% |
| Gross operating margin | 9900 | €612,983 | €659,475 | +€46,491 | +7.6% |
| Operating profit (loss) | 9901 | €64,230 | €62,551 | -€1,679 | -2.6% |
| Financial income | 75/76B | €0 | €3,025 | +€3,025 | +889,688% |
| Recurring financial income | 75 | €0 | €3,025 | +€3,025 | +889,688% |
| Financial charges | 65/66B | €25,741 | €31,000 | +€5,259 | +20.4% |
| Recurring financial charges | 65 | €25,741 | €31,000 | +€5,259 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €38,489 | €34,576 | -€3,913 | -10.2% |
| Income taxes | 67/77 | €21,469 | €30,129 | +€8,661 | +40.3% |
| Profit (loss) for the period | 9904 | €17,021 | €4,447 | -€12,574 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,021 | €4,447 | -€12,574 | -73.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.