BUREAU ELIAS - DAVE: what changed
What changed
BUREAU ELIAS - DAVE
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€233,292
2024 · €169,086+€64,207
Equity
€953,319
2024 · €720,027+€233,292
Cash
€509,840
2024 · €452,408+€57,432
Balance sheet total
€1.6m
2024 · €1.2m+€422,921
Largest movements
Assets
- Current investments +€250,000
up €250,000 (+99.4%), from €251,433 to €501,433
- Receivables within one year +€157,224
up €157,224 (+1,479%), from €10,629 to €167,853
of which Other amounts receivable: +€160,232
- Cash +€57,432
up €57,432 (+12.7%), from €452,408 to €509,840
mainly Net result for the year (+€233,292) and Trade debts (+€177,412)
- Intangible fixed assets -€54,286
down €54,286 (-15.6%), from €347,963 to €293,677
Equity and liabilities
- Trade debts +€177,412
up €177,412 (+1,338%), from €13,260 to €190,671
- Reserves +€140,789
up €140,789 (+51.4%), from €273,678 to €414,468
of which Tax-exempt reserves: +€88,410
- Profit (loss) carried forward +€94,362
up €94,362 (+21.8%), from €433,334 to €527,696
- Debts after one year -€36,056
down €36,056 (-11.3%), from €318,798 to €282,742
- Other debts +€33,599
up €33,599 (+1,257%), from €2,674 to €36,273
Income statement
- Gross operating margin +€168,001
up €168,001 (+22.3%), from €754,865 to €922,866
- Staff costs +€117,623
up €117,623 (+30.6%), from €383,811 to €501,434
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.
Result 2024
€169,086
Gross operating margin
+€168,001
Staff costs
-€117,623
Depreciation
-€253
Other operating charges
+€9,015
Other operating items
+€1,796
Financial income
+€3,982
Financial charges
+€3,597
Taxes
-€4,309
Result 2025
€233,292
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€376,342
Investment
-€295,183
Financing
-€23,727
Cash 2024
€452,408
From operations (derived)
+€376,342
Net result for the year
+€233,292
Depreciation
+€95,318
Receivables within one year
-€157,224
Deferred charges and accrued income
-€8,400
Trade debts
+€177,412
Tax, wage and social debts
+€2,649
Other debts
+€33,599
Accrued charges and deferred income
-€304
Investment (derived)
-€295,183
Investment in fixed assets (net)
-€45,183
Current investments
-€250,000
Financing
-€23,727
Debts after one year
-€36,056
Current portion of long-term debt
-€3,555
Short-term financial debts
+€15,884
Cash 2025
€509,840
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,994 | €1,643,915 | +€422,921 | +34.6% |
| Fixed assets | 21/28 | €452,879 | €402,744 | -€50,135 | -11.1% |
| Intangible fixed assets | 21 | €347,963 | €293,677 | -€54,286 | -15.6% |
| Tangible fixed assets | 22/27 | €104,862 | €109,012 | +€4,151 | +4.0% |
| Land and buildings | 22 | €18,429 | €10,307 | -€8,122 | -44.1% |
| Plant, machinery and equipment | 23 | €4,635 | €3,405 | -€1,230 | -26.5% |
| Furniture and vehicles | 24 | €81,798 | €95,300 | +€13,502 | +16.5% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €768,115 | €1,241,171 | +€473,057 | +61.6% |
| Amounts receivable within one year | 40/41 | €10,629 | €167,853 | +€157,224 | +1,479% |
| Trade receivables | 40 | €3,008 | €0 | -€3,008 | -100% |
| Other amounts receivable | 41 | €7,621 | €167,853 | +€160,232 | +2,103% |
| Current investments | 50/53 | €251,433 | €501,433 | +€250,000 | +99.4% |
| Cash at bank and in hand | 54/58 | €452,408 | €509,840 | +€57,432 | +12.7% |
| Deferred charges and accrued income | 490/1 | €53,646 | €62,046 | +€8,400 | +15.7% |
| Total equity and liabilities | 10/49 | €1,220,994 | €1,643,915 | +€422,921 | +34.6% |
| Equity | 10/15 | €720,027 | €953,319 | +€233,292 | +32.4% |
| Contributions | 10/11 | €13,014 | €11,155 | -€1,859 | -14.3% |
| Reserves | 13 | €273,678 | €414,468 | +€140,789 | +51.4% |
| Tax-exempt reserves | 132 | €74,178 | €162,588 | +€88,410 | +119% |
| Distributable reserves | 133 | €199,500 | €251,879 | +€52,379 | +26.3% |
| Profit (loss) carried forward | 14 | €433,334 | €527,696 | +€94,362 | +21.8% |
| Amounts payable | 17/49 | €500,967 | €690,596 | +€189,629 | +37.9% |
| Amounts payable after more than one year | 17 | €318,798 | €282,742 | -€36,056 | -11.3% |
| Financial debts | 170/4 | €318,798 | €282,742 | -€36,056 | -11.3% |
| Amounts payable within one year | 42/48 | €171,632 | €397,621 | +€225,990 | +132% |
| Current portion of amounts payable after more than one year | 42 | €76,245 | €72,691 | -€3,555 | -4.7% |
| Financial debts | 43 | €25,000 | €40,884 | +€15,884 | +63.5% |
| Other loans | 439 | €25,000 | €40,884 | +€15,884 | +63.5% |
| Trade debts | 44 | €13,260 | €190,671 | +€177,412 | +1,338% |
| Suppliers | 440/4 | €13,260 | €190,671 | +€177,412 | +1,338% |
| Taxes, remuneration and social security | 45 | €54,453 | €57,102 | +€2,649 | +4.9% |
| Taxes | 450/3 | €20,364 | €0 | -€20,364 | -100.0% |
| Remuneration and social security | 454/9 | €34,089 | €57,102 | +€23,013 | +67.5% |
| Other amounts payable | 47/48 | €2,674 | €36,273 | +€33,599 | +1,257% |
| Accrued charges and deferred income | 492/3 | €10,538 | €10,233 | -€304 | -2.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €383,811 | €501,434 | +€117,623 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,065 | €95,318 | +€253 | +0.3% |
| Other operating charges | 640/8 | €16,132 | €7,117 | -€9,015 | -55.9% |
| Non-recurring operating charges | 66A | €1,796 | €0 | -€1,796 | -100% |
| Gross operating margin | 9900 | €754,865 | €922,866 | +€168,001 | +22.3% |
| Operating profit (loss) | 9901 | €258,060 | €318,997 | +€60,937 | +23.6% |
| Financial income | 75/76B | €4,608 | €8,590 | +€3,982 | +86.4% |
| Recurring financial income | 75 | €4,608 | €8,590 | +€3,982 | +86.4% |
| Financial charges | 65/66B | €17,227 | €13,630 | -€3,597 | -20.9% |
| Recurring financial charges | 65 | €17,227 | €13,630 | -€3,597 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €245,441 | €313,957 | +€68,515 | +27.9% |
| Income taxes | 67/77 | €76,356 | €80,664 | +€4,309 | +5.6% |
| Profit (loss) for the period | 9904 | €169,086 | €233,292 | +€64,207 | +38.0% |
| Transfer from tax-exempt reserves | 789 | €50,520 | €50,520 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €138,930 | +€138,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,606 | €144,882 | -€74,723 | -34.0% |
Next steps
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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 5 November 2026 via checked.be.