Dennis Verheyen: what changed
What changed
Dennis Verheyen
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€45,127
2024 · €47,414-€2,286
Equity
€81,727
2024 · €76,600+€5,127
Cash
€207,290
2024 · €132,522+€74,768
Balance sheet total
€880,761
2024 · €583,127+€297,634
Largest movements
Assets
- Tangible fixed assets +€256,456
up €256,456 (+687%), from €37,315 to €293,771
of which Land and buildings: +€243,341
- Cash +€74,768
up €74,768 (+56.4%), from €132,522 to €207,290
mainly Debts after one year (+€206,381) and Depreciation (+€71,386)
- Intangible fixed assets -€63,500
down €63,500 (-18.3%), from €346,800 to €283,300
- Deferred charges and accrued income +€29,803
up €29,803 (+58.6%), from €50,888 to €80,691
Equity and liabilities
- Debts after one year +€206,381
up €206,381 (+49.5%), from €416,853 to €623,234
- Trade debts +€42,921
up €42,921 (+5,691%), from €754 to €43,675
- Accrued charges and deferred income +€19,253
up €19,253 (+3,076%), from €626 to €19,878
- Other debts +€10,525
up €10,525 (+33.1%), from €31,845 to €42,370
Income statement
- Staff costs +€109,836
up €109,836 (+72.4%), from €151,784 to €261,620
- Gross operating margin +€108,043
up €108,043 (+36.9%), from €292,989 to €401,032
- Taxes -€8,507
down €8,507 (-43.9%), from €19,398 to €10,892
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
€47,414
Gross operating margin
+€108,043
Staff costs
-€109,836
Depreciation
-€3,679
Other operating charges
-€2,773
Financial income
-€86
Financial charges
-€2,462
Taxes
+€8,507
Result 2025
€45,127
raises the resultlowers the result
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
+€165,320
Investment
-€264,342
Financing
+€173,789
Cash 2024
€132,522
From operations (derived)
+€165,320
Net result for the year
+€45,127
Depreciation
+€71,386
Receivables within one year
-€108
Deferred charges and accrued income
-€29,803
Trade debts
+€42,921
Tax, wage and social debts
+€6,020
Other debts
+€10,525
Accrued charges and deferred income
+€19,253
Investment (derived)
-€264,342
Investment in fixed assets (net)
-€264,342
Financing
+€173,789
Debts after one year
+€206,381
Current portion of long-term debt
+€7,408
Contributions, distributions and other
-€40,000
Cash 2025
€207,290
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,127 | €880,761 | +€297,634 | +51.0% |
| Fixed assets | 21/28 | €384,115 | €577,071 | +€192,956 | +50.2% |
| Intangible fixed assets | 21 | €346,800 | €283,300 | -€63,500 | -18.3% |
| Tangible fixed assets | 22/27 | €37,315 | €293,771 | +€256,456 | +687% |
| Land and buildings | 22 | €37,028 | €280,369 | +€243,341 | +657% |
| Plant, machinery and equipment | 23 | €287 | €13,402 | +€13,115 | +4,569% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €199,011 | €303,690 | +€104,679 | +52.6% |
| Amounts receivable within one year | 40/41 | €15,602 | €15,710 | +€108 | +0.7% |
| Trade receivables | 40 | - | €14,500 | +€14,500 | |
| Other amounts receivable | 41 | €15,602 | €1,210 | -€14,392 | -92.2% |
| Cash at bank and in hand | 54/58 | €132,522 | €207,290 | +€74,768 | +56.4% |
| Deferred charges and accrued income | 490/1 | €50,888 | €80,691 | +€29,803 | +58.6% |
| Total equity and liabilities | 10/49 | €583,127 | €880,761 | +€297,634 | +51.0% |
| Equity | 10/15 | €76,600 | €81,727 | +€5,127 | +6.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,600 | €75,727 | +€5,127 | +7.3% |
| Amounts payable | 17/49 | €506,527 | €799,034 | +€292,507 | +57.7% |
| Amounts payable after more than one year | 17 | €416,853 | €623,234 | +€206,381 | +49.5% |
| Financial debts | 170/4 | €416,853 | €623,234 | +€206,381 | +49.5% |
| Amounts payable within one year | 42/48 | €89,048 | €155,921 | +€66,873 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €40,869 | €48,277 | +€7,408 | +18.1% |
| Trade debts | 44 | €754 | €43,675 | +€42,921 | +5,691% |
| Suppliers | 440/4 | €754 | €43,675 | +€42,921 | +5,691% |
| Taxes, remuneration and social security | 45 | €15,580 | €21,600 | +€6,020 | +38.6% |
| Remuneration and social security | 454/9 | €15,580 | €21,600 | +€6,020 | +38.6% |
| Other amounts payable | 47/48 | €31,845 | €42,370 | +€10,525 | +33.1% |
| Accrued charges and deferred income | 492/3 | €626 | €19,878 | +€19,253 | +3,076% |
| Remuneration, social security and pensions | 62 | €151,784 | €261,620 | +€109,836 | +72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,707 | €71,386 | +€3,679 | +5.4% |
| Other operating charges | 640/8 | €596 | €3,369 | +€2,773 | +465% |
| Gross operating margin | 9900 | €292,989 | €401,032 | +€108,043 | +36.9% |
| Operating profit (loss) | 9901 | €72,902 | €64,657 | -€8,245 | -11.3% |
| Financial income | 75/76B | €507 | €421 | -€86 | -16.9% |
| Recurring financial income | 75 | €507 | €421 | -€86 | -16.9% |
| Financial charges | 65/66B | €6,597 | €9,060 | +€2,462 | +37.3% |
| Recurring financial charges | 65 | €6,597 | €9,060 | +€2,462 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €66,812 | €56,019 | -€10,793 | -16.2% |
| Income taxes | 67/77 | €19,398 | €10,892 | -€8,507 | -43.9% |
| Profit (loss) for the period | 9904 | €47,414 | €45,127 | -€2,286 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,414 | €45,127 | -€2,286 | -4.8% |
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.