D&W 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.
What changed
D&W Verzekeringen
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€122,902
2024 · €128,269-€5,367
Equity
€515,623
2024 · €512,754+€2,869
Cash
€420,667
2024 · €427,319-€6,653
Balance sheet total
€989,018
2024 · €1.0m-€43,795
Largest movements
Assets
- Intangible fixed assets -€84,418
down €84,418 (-23.2%), from €363,760 to €279,343
- Current investments +€23,645
up €23,645 (+33.3%), from €70,936 to €94,581
- Tangible fixed assets +€19,732
up €19,732 (+20.8%), from €94,943 to €114,675
of which Leasing and similar rights: +€44,055
Equity and liabilities
- Debts after one year -€54,285
down €54,285 (-23.5%), from €230,831 to €176,545
Income statement
- Gross operating margin +€74,934
up €74,934 (+12.5%), from €598,988 to €673,922
- Staff costs +€61,357
up €61,357 (+18.5%), from €332,227 to €393,583
- Depreciation +€19,119
up €19,119 (+20.3%), from €94,387 to €113,506
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
€128,269
Gross operating margin
+€74,934
Staff costs
-€61,357
Depreciation
-€19,119
Write-downs
-€1,197
Other operating charges
-€1,411
Other operating items
-€353
Financial income
+€2,921
Financial charges
-€3,753
Taxes
+€3,969
Result 2025
€122,902
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€240,363
Investment
-€72,466
Financing
-€174,549
Cash 2024
€427,319
From operations (derived)
+€240,363
Net result for the year
+€122,902
Depreciation
+€113,506
Receivables within one year
-€4,639
Deferred charges and accrued income
+€741
Trade debts
+€7,158
Tax, wage and social debts
-€7,979
Other debts
+€8,674
Investment (derived)
-€72,466
Investment in fixed assets (net)
-€48,820
Current investments
-€23,645
Financing
-€174,549
Debts after one year
-€54,285
Current portion of long-term debt
+€9,926
Short-term financial debts
-€10,157
Contributions, distributions and other
-€120,033
Cash 2025
€420,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,032,813 | €989,018 | -€43,795 | -4.2% |
| Fixed assets | 21/28 | €462,718 | €398,033 | -€64,686 | -14.0% |
| Intangible fixed assets | 21 | €363,760 | €279,343 | -€84,418 | -23.2% |
| Tangible fixed assets | 22/27 | €94,943 | €114,675 | +€19,732 | +20.8% |
| Land and buildings | 22 | €82,260 | €69,923 | -€12,337 | -15.0% |
| Furniture and vehicles | 24 | €12,683 | €698 | -€11,985 | -94.5% |
| Leasing and similar rights | 25 | - | €44,055 | +€44,055 | |
| Financial fixed assets | 28 | €4,015 | €4,015 | = | 0.0% |
| Current assets | 29/58 | €570,094 | €590,985 | +€20,891 | +3.7% |
| Amounts receivable within one year | 40/41 | €59,723 | €64,362 | +€4,639 | +7.8% |
| Trade receivables | 40 | €48,948 | €52,163 | +€3,215 | +6.6% |
| Other amounts receivable | 41 | €10,775 | €12,199 | +€1,423 | +13.2% |
| Current investments | 50/53 | €70,936 | €94,581 | +€23,645 | +33.3% |
| Cash at bank and in hand | 54/58 | €427,319 | €420,667 | -€6,653 | -1.6% |
| Deferred charges and accrued income | 490/1 | €12,116 | €11,376 | -€741 | -6.1% |
| Total equity and liabilities | 10/49 | €1,032,813 | €989,018 | -€43,795 | -4.2% |
| Equity | 10/15 | €512,754 | €515,623 | +€2,869 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €492,754 | €495,623 | +€2,869 | +0.6% |
| 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 | €490,754 | €493,623 | +€2,869 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €520,059 | €473,395 | -€46,664 | -9.0% |
| Amounts payable after more than one year | 17 | €230,831 | €176,545 | -€54,285 | -23.5% |
| Financial debts | 170/4 | €230,831 | €176,545 | -€54,285 | -23.5% |
| Amounts payable within one year | 42/48 | €289,228 | €296,849 | +€7,622 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €88,453 | €98,380 | +€9,926 | +11.2% |
| Financial debts | 43 | €10,157 | €0 | -€10,157 | -100% |
| Credit institutions | 430/8 | €10,157 | €0 | -€10,157 | -100% |
| Trade debts | 44 | €49,287 | €56,445 | +€7,158 | +14.5% |
| Suppliers | 440/4 | €49,287 | €56,445 | +€7,158 | +14.5% |
| Taxes, remuneration and social security | 45 | €29,945 | €21,966 | -€7,979 | -26.6% |
| Taxes | 450/3 | €7,286 | €2,245 | -€5,041 | -69.2% |
| Remuneration and social security | 454/9 | €22,660 | €19,721 | -€2,938 | -13.0% |
| Other amounts payable | 47/48 | €111,385 | €120,059 | +€8,674 | +7.8% |
| Non-recurring operating income | 76A | €572 | €0 | -€572 | -100% |
| Remuneration, social security and pensions | 62 | €332,227 | €393,583 | +€61,357 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,387 | €113,506 | +€19,119 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €329 | €1,527 | +€1,197 | +363% |
| Other operating charges | 640/8 | €3,379 | €4,790 | +€1,411 | +41.8% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €598,988 | €673,922 | +€74,934 | +12.5% |
| Operating profit (loss) | 9901 | €168,666 | €160,163 | -€8,503 | -5.0% |
| Financial income | 75/76B | €5,208 | €8,128 | +€2,921 | +56.1% |
| Recurring financial income | 75 | €5,208 | €8,128 | +€2,921 | +56.1% |
| Financial charges | 65/66B | €7,954 | €11,707 | +€3,753 | +47.2% |
| Recurring financial charges | 65 | €7,954 | €11,707 | +€3,753 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €165,919 | €156,584 | -€9,335 | -5.6% |
| Income taxes | 67/77 | €37,650 | €33,682 | -€3,969 | -10.5% |
| Profit (loss) for the period | 9904 | €128,269 | €122,902 | -€5,367 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,269 | €122,902 | -€5,367 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.