BCD INSURANCE: 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.
BCD INSURANCE
Largest movements
- Tangible fixed assets +€86,908
up €86,908 (+160%), from €54,205 to €141,112
of which Furniture and vehicles: +€91,269
- Current investments +€78,574
up €78,574 (+18.9%), from €414,728 to €493,301
- Profit (loss) carried forward +€212,656
up €212,656 (+30.7%), from €693,696 to €906,353
- Other debts -€180,000
no longer reported in 2025 (was €180,000)
- Debts after one year +€140,050
up €140,050 (+14.0%), from €997,817 to €1.1m
- Current portion of long-term debt +€51,382
up €51,382 (+19.5%), from €263,180 to €314,562
- Gross operating margin +€65,779
up €65,779 (+6.8%), from €973,325 to €1.0m
- Staff costs +€38,811
up €38,811 (+10.6%), from €365,974 to €404,785
- Financial income -€21,397
down €21,397 (-55.3%), from €38,689 to €17,293
- Depreciation +€20,666
up €20,666 (+7.1%), from €291,930 to €312,596
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 | €2,319,226 | €2,515,796 | +€196,570 | +8.5% |
| Fixed assets | 21/28 | €1,595,717 | €1,707,010 | +€111,293 | +7.0% |
| Intangible fixed assets | 21 | €1,541,512 | €1,565,897 | +€24,385 | +1.6% |
| Tangible fixed assets | 22/27 | €54,205 | €141,112 | +€86,908 | +160% |
| Land and buildings | 22 | €4,830 | €4,027 | -€803 | -16.6% |
| Plant, machinery and equipment | 23 | €12,282 | €8,724 | -€3,559 | -29.0% |
| Furniture and vehicles | 24 | €37,093 | €128,362 | +€91,269 | +246% |
| Current assets | 29/58 | €723,509 | €808,786 | +€85,277 | +11.8% |
| Amounts receivable within one year | 40/41 | €122,494 | €143,725 | +€21,230 | +17.3% |
| Trade receivables | 40 | €107,806 | €124,570 | +€16,765 | +15.6% |
| Other amounts receivable | 41 | €14,689 | €19,154 | +€4,465 | +30.4% |
| Current investments | 50/53 | €414,728 | €493,301 | +€78,574 | +18.9% |
| Cash at bank and in hand | 54/58 | €186,286 | €171,760 | -€14,527 | -7.8% |
| Total equity and liabilities | 10/49 | €2,319,226 | €2,515,796 | +€196,570 | +8.5% |
| Equity | 10/15 | €723,696 | €936,353 | +€212,656 | +29.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €693,696 | €906,353 | +€212,656 | +30.7% |
| Amounts payable | 17/49 | €1,595,529 | €1,579,443 | -€16,087 | -1.0% |
| Amounts payable after more than one year | 17 | €997,817 | €1,137,867 | +€140,050 | +14.0% |
| Financial debts | 170/4 | €997,817 | €1,137,867 | +€140,050 | +14.0% |
| Amounts payable within one year | 42/48 | €560,315 | €418,817 | -€141,498 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €263,180 | €314,562 | +€51,382 | +19.5% |
| Trade debts | 44 | €49,229 | €57,765 | +€8,536 | +17.3% |
| Suppliers | 440/4 | €49,229 | €57,765 | +€8,536 | +17.3% |
| Taxes, remuneration and social security | 45 | €67,906 | €46,491 | -€21,416 | -31.5% |
| Remuneration and social security | 454/9 | €67,906 | €46,491 | -€21,416 | -31.5% |
| Other amounts payable | 47/48 | €180,000 | - | -€180,000 | |
| Accrued charges and deferred income | 492/3 | €37,397 | €22,758 | -€14,638 | -39.1% |
| Remuneration, social security and pensions | 62 | €365,974 | €404,785 | +€38,811 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,930 | €312,596 | +€20,666 | +7.1% |
| Other operating charges | 640/8 | €1,094 | €1,226 | +€133 | +12.2% |
| Gross operating margin | 9900 | €973,325 | €1,039,103 | +€65,779 | +6.8% |
| Operating profit (loss) | 9901 | €314,327 | €320,495 | +€6,169 | +2.0% |
| Financial income | 75/76B | €38,689 | €17,293 | -€21,397 | -55.3% |
| Recurring financial income | 75 | €38,689 | €17,293 | -€21,397 | -55.3% |
| Financial charges | 65/66B | €54,314 | €48,931 | -€5,382 | -9.9% |
| Recurring financial charges | 65 | €54,314 | €48,931 | -€5,382 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €298,702 | €288,857 | -€9,846 | -3.3% |
| Income taxes | 67/77 | €76,843 | €76,200 | -€643 | -0.8% |
| Profit (loss) for the period | 9904 | €221,860 | €212,656 | -€9,203 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €221,860 | €212,656 | -€9,203 | -4.1% |
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 17 October 2026 via checked.be.