DVH 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.
DVH verzekeringen
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Tangible fixed assets -€45,293
down €45,293 (-5.0%), from €900,230 to €854,938
of which Land and buildings: -€43,720
- Cash +€39,484
up €39,484 (+12.1%), from €326,449 to €365,933
mainly Other debts (+€238,703) and Current investments (+€75,000)
- Reserves -€256,871
down €256,871 (-22.2%), from €1.2m to €901,209
of which Distributable reserves: -€250,000
- Other debts +€238,703
up €238,703 (+471%), from €50,706 to €289,409
- Profit (loss) carried forward -€61,307
new in 2025: -€61,307
- Gross operating margin -€32,222
down €32,222, from €25,235 to -€6,987
- Financial charges +€14,067
up €14,067 (+6,458%), from €218 to €14,284
- Depreciation -€7,070
down €7,070 (-13.5%), from €52,363 to €45,293
- Other operating charges -€2,708
down €2,708 (-38.9%), from €6,952 to €4,245
- Financial income +€2,524
up €2,524 (+6,052%), from €42 to €2,566
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 | €1,301,874 | €1,221,835 | -€80,039 | -6.1% |
| Fixed assets | 21/28 | €900,425 | €855,133 | -€45,293 | -5.0% |
| Tangible fixed assets | 22/27 | €900,230 | €854,938 | -€45,293 | -5.0% |
| Land and buildings | 22 | €898,510 | €854,790 | -€43,720 | -4.9% |
| Furniture and vehicles | 24 | €1,720 | €148 | -€1,573 | -91.4% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €401,449 | €366,703 | -€34,746 | -8.7% |
| Amounts receivable within one year | 40/41 | - | €770 | +€770 | |
| Other amounts receivable | 41 | - | €770 | +€770 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €326,449 | €365,933 | +€39,484 | +12.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,301,874 | €1,221,835 | -€80,039 | -6.1% |
| Equity | 10/15 | €1,176,672 | €858,494 | -€318,178 | -27.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,158,080 | €901,209 | -€256,871 | -22.2% |
| Tax-exempt reserves | 132 | €188,608 | €181,737 | -€6,871 | -3.6% |
| Distributable reserves | 133 | €969,471 | €719,471 | -€250,000 | -25.8% |
| Profit (loss) carried forward | 14 | - | -€61,307 | -€61,307 | |
| Provisions and deferred taxes | 16 | €72,642 | €69,104 | -€3,538 | -4.9% |
| Deferred taxes | 168 | €72,642 | €69,104 | -€3,538 | -4.9% |
| Amounts payable | 17/49 | €52,560 | €294,238 | +€241,677 | +460% |
| Amounts payable within one year | 42/48 | €51,267 | €294,238 | +€242,970 | +474% |
| Trade debts | 44 | €126 | €610 | +€484 | +384% |
| Suppliers | 440/4 | €126 | €610 | +€484 | +384% |
| Taxes, remuneration and social security | 45 | €435 | €4,219 | +€3,784 | +870% |
| Taxes | 450/3 | €435 | €4,219 | +€3,784 | +870% |
| Other amounts payable | 47/48 | €50,706 | €289,409 | +€238,703 | +471% |
| Accrued charges and deferred income | 492/3 | €1,293 | - | -€1,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,363 | €45,293 | -€7,070 | -13.5% |
| Other operating charges | 640/8 | €6,952 | €4,245 | -€2,708 | -38.9% |
| Non-recurring operating charges | 66A | - | €3,473 | +€3,473 | |
| Gross operating margin | 9900 | €25,235 | -€6,987 | -€32,222 | |
| Operating profit (loss) | 9901 | -€34,080 | -€59,997 | -€25,917 | -76.0% |
| Financial income | 75/76B | €42 | €2,566 | +€2,524 | +6,052% |
| Recurring financial income | 75 | €42 | €2,566 | +€2,524 | +6,052% |
| Financial charges | 65/66B | €218 | €14,284 | +€14,067 | +6,458% |
| Recurring financial charges | 65 | €218 | €14,284 | +€14,067 | +6,458% |
| Profit (loss) for the period before taxes | 9903 | -€34,256 | -€71,716 | -€37,460 | -109% |
| Transfer from deferred taxes | 780 | €1,159 | €3,538 | +€2,379 | +205% |
| Income taxes | 67/77 | €444 | €0 | -€444 | -100% |
| Profit (loss) for the period | 9904 | -€33,541 | -€68,178 | -€34,637 | -103% |
| Transfer from tax-exempt reserves | 789 | €2,250 | €6,871 | +€4,621 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,291 | -€61,307 | -€30,016 | -95.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.