AVD 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.
AVD Verzekeringen
Largest movements
- Intangible fixed assets -€98,112
down €98,112 (-19.2%), from €511,791 to €413,679
- Receivables within one year +€20,570
up €20,570 (+13.1%), from €156,928 to €177,497
- Tangible fixed assets -€20,301
down €20,301 (-41.1%), from €49,418 to €29,118
of which Other tangible fixed assets: -€16,406
- Trade debts -€155,128
down €155,128 (-85.2%), from €182,164 to €27,036
- Profit (loss) carried forward +€143,246
up €143,246 (+265%), from €53,969 to €197,215
- Debts after one year -€53,829
down €53,829 (-17.8%), from €302,946 to €249,117
- Current portion of long-term debt -€41,903
down €41,903 (-41.8%), from €100,232 to €58,329
- Tax, wage and social debts +€36,640
up €36,640 (+109%), from €33,761 to €70,401
of which Taxes: +€42,104
- Gross operating margin +€181,528
up €181,528 (+39.8%), from €456,659 to €638,187
- Taxes +€50,417
up €50,417 (+754%), from €6,688 to €57,104
- Staff costs -€10,292
down €10,292 (-3.5%), from €295,576 to €285,284
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 | €814,743 | €711,349 | -€103,394 | -12.7% |
| Fixed assets | 21/28 | €561,209 | €442,797 | -€118,412 | -21.1% |
| Intangible fixed assets | 21 | €511,791 | €413,679 | -€98,112 | -19.2% |
| Tangible fixed assets | 22/27 | €49,418 | €29,118 | -€20,301 | -41.1% |
| Plant, machinery and equipment | 23 | €5,815 | €2,609 | -€3,205 | -55.1% |
| Furniture and vehicles | 24 | €8,543 | €7,854 | -€689 | -8.1% |
| Other tangible fixed assets | 26 | €35,061 | €18,654 | -€16,406 | -46.8% |
| Current assets | 29/58 | €253,534 | €268,552 | +€15,018 | +5.9% |
| Amounts receivable within one year | 40/41 | €156,928 | €177,497 | +€20,570 | +13.1% |
| Other amounts receivable | 41 | €156,928 | €177,497 | +€20,570 | +13.1% |
| Cash at bank and in hand | 54/58 | €92,168 | €84,519 | -€7,649 | -8.3% |
| Deferred charges and accrued income | 490/1 | €4,438 | €6,536 | +€2,098 | +47.3% |
| Total equity and liabilities | 10/49 | €814,743 | €711,349 | -€103,394 | -12.7% |
| Equity | 10/15 | €154,082 | €297,328 | +€143,246 | +93.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €50,113 | €50,113 | = | 0.0% |
| Distributable reserves | 133 | €50,113 | €50,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,969 | €197,215 | +€143,246 | +265% |
| Amounts payable | 17/49 | €660,661 | €414,022 | -€246,640 | -37.3% |
| Amounts payable after more than one year | 17 | €302,946 | €249,117 | -€53,829 | -17.8% |
| Financial debts | 170/4 | €302,946 | €249,117 | -€53,829 | -17.8% |
| Amounts payable within one year | 42/48 | €357,716 | €164,905 | -€192,811 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €100,232 | €58,329 | -€41,903 | -41.8% |
| Trade debts | 44 | €182,164 | €27,036 | -€155,128 | -85.2% |
| Suppliers | 440/4 | €182,164 | €27,036 | -€155,128 | -85.2% |
| Taxes, remuneration and social security | 45 | €33,761 | €70,401 | +€36,640 | +109% |
| Taxes | 450/3 | - | €42,104 | +€42,104 | |
| Remuneration and social security | 454/9 | €33,761 | €28,296 | -€5,465 | -16.2% |
| Other amounts payable | 47/48 | €41,559 | €9,140 | -€32,419 | -78.0% |
| Remuneration, social security and pensions | 62 | €295,576 | €285,284 | -€10,292 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,743 | €129,346 | -€2,397 | -1.8% |
| Other operating charges | 640/8 | €5,426 | €5,205 | -€220 | -4.1% |
| Non-recurring operating charges | 66A | - | €1,642 | +€1,642 | |
| Gross operating margin | 9900 | €456,659 | €638,187 | +€181,528 | +39.8% |
| Operating profit (loss) | 9901 | €23,914 | €216,709 | +€192,795 | +806% |
| Financial income | 75/76B | €198 | €38 | -€160 | -80.8% |
| Recurring financial income | 75 | €198 | €38 | -€160 | -80.8% |
| Financial charges | 65/66B | €12,689 | €10,197 | -€2,492 | -19.6% |
| Recurring financial charges | 65 | €12,689 | €10,197 | -€2,492 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €11,424 | €206,550 | +€195,127 | +1,708% |
| Income taxes | 67/77 | €6,688 | €57,104 | +€50,417 | +754% |
| Profit (loss) for the period | 9904 | €4,736 | €149,446 | +€144,710 | +3,056% |
| Profit (loss) for the period to be appropriated | 9905 | €4,736 | €149,446 | +€144,710 | +3,056% |
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 31 October 2026 via checked.be.