CUVELIER ASSURANCES: 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
CUVELIER ASSURANCES
NACE 66.220, Insurance agents and brokers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€207,577
2024 · €80,448+€127,129
Equity
€914,528
2024 · €1.0m-€89,174
Cash
€320,029
2024 · €314,638+€5,391
Balance sheet total
€3.0m
2024 · €3.0m-€37,583
Largest movements
Assets
- Receivables after one year -€44,374
no longer reported in 2025 (was €44,374)
Equity and liabilities
- Other debts +€252,242
up €252,242 (+22.4%), from €1.1m to €1.4m
- Debts after one year -€194,519
down €194,519 (-38.0%), from €512,182 to €317,664
- Reserves -€89,174
down €89,174 (-9.1%), from €983,701 to €894,528
of which Distributable reserves: -€86,289
Income statement
- Financial income +€126,834
up €126,834 (+192.5%), from €65,882 to €192,716
- Staff costs +€34,327
up €34,327 (+6.9%), from €494,155 to €528,482
- Gross operating margin +€31,774
up €31,774 (+5.3%), from €604,524 to €636,298
- Financial charges -€14,766
down €14,766 (-50.5%), from €29,257 to €14,491
- Taxes +€12,665
up €12,665 (+40.7%), from €31,154 to €43,819
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.
Result 2024
€80,448
Gross operating margin
+€31,774
Staff costs
-€34,327
Depreciation
+€826
Other operating charges
-€80
Financial income
+€126,834
Financial charges
+€14,766
Taxes
-€12,665
Result 2025
€207,577
Cash bridge derived
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.
From operations
+€515,852
Investment
-€2,529
Financing
-€507,932
Cash 2024
€314,638
From operations (derived)
+€515,852
Net result for the year
+€207,577
Depreciation
+€34,102
Receivables after one year
+€44,374
Receivables within one year
-€19,295
Deferred charges and accrued income
-€13,678
Provisions
-€1,486
Trade debts
+€21,244
Tax, wage and social debts
-€5,555
Other debts
+€252,242
Accrued charges and deferred income
-€3,673
Investment (derived)
-€2,529
Investment in fixed assets (net)
-€2,529
Financing
-€507,932
Debts after one year
-€194,519
Current portion of long-term debt
-€16,662
Contributions, distributions and other
-€296,751
Cash 2025
€320,029
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,014,942 | €2,977,359 | -€37,583 | -1.2% |
| Formation expenses | 20 | €0 | €0 | = | 0.0% |
| Fixed assets | 21/28 | €2,295,307 | €2,263,733 | -€31,574 | -1.4% |
| Intangible fixed assets | 21 | €121,233 | €102,477 | -€18,756 | -15.5% |
| Tangible fixed assets | 22/27 | €595,248 | €582,430 | -€12,818 | -2.2% |
| Land and buildings | 22 | €581,140 | €570,817 | -€10,323 | -1.8% |
| Furniture and vehicles | 24 | €14,108 | €11,613 | -€2,495 | -17.7% |
| Financial fixed assets | 28 | €1,578,826 | €1,578,826 | = | 0.0% |
| Current assets | 29/58 | €719,635 | €713,626 | -€6,009 | -0.8% |
| Amounts receivable after more than one year | 29 | €44,374 | - | -€44,374 | |
| Other amounts receivable | 291 | €44,374 | - | -€44,374 | |
| Amounts receivable within one year | 40/41 | €354,723 | €374,018 | +€19,295 | +5.4% |
| Trade receivables | 40 | €92,692 | €71,538 | -€21,153 | -22.8% |
| Other amounts receivable | 41 | €262,031 | €302,480 | +€40,449 | +15.4% |
| Cash at bank and in hand | 54/58 | €314,638 | €320,029 | +€5,391 | +1.7% |
| Deferred charges and accrued income | 490/1 | €5,900 | €19,578 | +€13,678 | +231.8% |
| Total equity and liabilities | 10/49 | €3,014,942 | €2,977,359 | -€37,583 | -1.2% |
| Equity | 10/15 | €1,003,701 | €914,528 | -€89,174 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €983,701 | €894,528 | -€89,174 | -9.1% |
| Tax-exempt reserves | 132 | €80,332 | €77,447 | -€2,885 | -3.6% |
| Distributable reserves | 133 | €903,369 | €817,080 | -€86,289 | -9.6% |
| Provisions and deferred taxes | 16 | €41,365 | €39,879 | -€1,486 | -3.6% |
| Deferred taxes | 168 | €41,365 | €39,879 | -€1,486 | -3.6% |
| Amounts payable | 17/49 | €1,969,876 | €2,022,952 | +€53,076 | +2.7% |
| Amounts payable after more than one year | 17 | €512,182 | €317,664 | -€194,519 | -38.0% |
| Financial debts | 170/4 | €512,182 | €317,664 | -€194,519 | -38.0% |
| Amounts payable within one year | 42/48 | €1,454,021 | €1,705,288 | +€251,268 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €211,181 | €194,519 | -€16,662 | -7.9% |
| Trade debts | 44 | €5,272 | €26,516 | +€21,244 | +402.9% |
| Suppliers | 440/4 | €5,272 | €26,516 | +€21,244 | +402.9% |
| Taxes, remuneration and social security | 45 | €113,742 | €108,187 | -€5,555 | -4.9% |
| Taxes | 450/3 | €25,590 | €11,495 | -€14,094 | -55.1% |
| Remuneration and social security | 454/9 | €88,152 | €96,691 | +€8,539 | +9.7% |
| Other amounts payable | 47/48 | €1,123,826 | €1,376,067 | +€252,242 | +22.4% |
| Accrued charges and deferred income | 492/3 | €3,673 | - | -€3,673 | |
| Remuneration, social security and pensions | 62 | €494,155 | €528,482 | +€34,327 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,929 | €34,102 | -€826 | -2.4% |
| Other operating charges | 640/8 | €1,949 | €2,029 | +€80 | +4.1% |
| Gross operating margin | 9900 | €604,524 | €636,298 | +€31,774 | +5.3% |
| Operating profit (loss) | 9901 | €73,491 | €71,685 | -€1,807 | -2.5% |
| Financial income | 75/76B | €65,882 | €192,716 | +€126,834 | +192.5% |
| Recurring financial income | 75 | €65,882 | €192,716 | +€126,834 | +192.5% |
| Financial charges | 65/66B | €29,257 | €14,491 | -€14,766 | -50.5% |
| Recurring financial charges | 65 | €29,257 | €14,491 | -€14,766 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €110,116 | €249,910 | +€139,794 | +127.0% |
| Transfer from deferred taxes | 780 | €1,486 | €1,486 | = | 0.0% |
| Income taxes | 67/77 | €31,154 | €43,819 | +€12,665 | +40.7% |
| Profit (loss) for the period | 9904 | €80,448 | €207,577 | +€127,129 | +158.0% |
| Transfer from tax-exempt reserves | 789 | €2,885 | €2,885 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,333 | €210,462 | +€127,129 | +152.6% |
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 12 October 2026 via checked.be.