EUROPASSUR: 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
EUROPASSUR
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,607
2024 · €2,924+€11,683
Equity
€311,611
2024 · €297,004+€14,607
Cash
€1,997
2024 · €1,201+€796
Balance sheet total
€780,458
2024 · €809,213-€28,755
Largest movements
Assets
- Tangible fixed assets -€37,656
down €37,656 (-6.1%), from €612,494 to €574,839
of which Land and buildings: -€21,000
- Receivables within one year +€8,872
up €8,872 (+10.7%), from €83,110 to €91,982
of which Other amounts receivable: +€9,979
Equity and liabilities
- Debts after one year -€42,178
down €42,178 (-17.6%), from €239,993 to €197,815
- Reserves +€14,607
up €14,607 (+5.2%), from €279,284 to €293,891
of which Distributable reserves: +€22,103
Income statement
- Gross operating margin +€23,592
up €23,592 (+13.8%), from €170,871 to €194,463
- Taxes +€4,478
up €4,478 (+55.0%), from €8,144 to €12,622
- Depreciation +€3,661
up €3,661 (+10.1%), from €36,077 to €39,738
- Other operating charges +€2,506
up €2,506 (+26.3%), from €9,517 to €12,024
- Staff costs +€2,287
up €2,287 (+2.2%), from €104,259 to €106,546
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
€2,924
Gross operating margin
+€23,592
Staff costs
-€2,287
Depreciation
-€3,661
Other operating charges
-€2,506
Other operating items
-€273
Financial income
+€276
Financial charges
+€1,020
Taxes
-€4,478
Result 2025
€14,607
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
+€40,905
Investment
-€2,082
Financing
-€38,026
Cash 2024
€1,201
From operations (derived)
+€40,905
Net result for the year
+€14,607
Depreciation
+€39,738
Receivables within one year
-€8,872
Deferred charges and accrued income
+€768
Provisions
-€3,860
Trade debts
-€1,390
Tax, wage and social debts
-€238
Accrued charges and deferred income
+€151
Investment (derived)
-€2,082
Investment in fixed assets (net)
-€2,082
Financing
-€38,026
Debts after one year
-€42,178
Current portion of long-term debt
+€3,238
Short-term financial debts
+€914
Cash 2025
€1,997
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €809,213 | €780,458 | -€28,755 | -3.6% |
| Fixed assets | 21/28 | €616,378 | €578,722 | -€37,656 | -6.1% |
| Tangible fixed assets | 22/27 | €612,494 | €574,839 | -€37,656 | -6.1% |
| Land and buildings | 22 | €574,000 | €553,000 | -€21,000 | -3.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €38,494 | €21,839 | -€16,656 | -43.3% |
| Financial fixed assets | 28 | €3,884 | €3,884 | = | 0.0% |
| Current assets | 29/58 | €192,835 | €201,736 | +€8,900 | +4.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,110 | €91,982 | +€8,872 | +10.7% |
| Trade receivables | 40 | €24,413 | €23,306 | -€1,107 | -4.5% |
| Other amounts receivable | 41 | €58,697 | €68,676 | +€9,979 | +17.0% |
| Cash at bank and in hand | 54/58 | €1,201 | €1,997 | +€796 | +66.3% |
| Deferred charges and accrued income | 490/1 | €8,524 | €7,756 | -€768 | -9.0% |
| Total equity and liabilities | 10/49 | €809,213 | €780,458 | -€28,755 | -3.6% |
| Equity | 10/15 | €297,004 | €311,611 | +€14,607 | +4.9% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €279,284 | €293,891 | +€14,607 | +5.2% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €179,825 | €172,329 | -€7,496 | -4.2% |
| Distributable reserves | 133 | €97,584 | €119,687 | +€22,103 | +22.7% |
| Profit (loss) carried forward | 14 | €5,270 | €5,270 | = | 0.0% |
| Provisions and deferred taxes | 16 | €92,596 | €88,736 | -€3,860 | -4.2% |
| Deferred taxes | 168 | €92,596 | €88,736 | -€3,860 | -4.2% |
| Amounts payable | 17/49 | €419,614 | €380,111 | -€39,503 | -9.4% |
| Amounts payable after more than one year | 17 | €239,993 | €197,815 | -€42,178 | -17.6% |
| Financial debts | 170/4 | €239,993 | €197,815 | -€42,178 | -17.6% |
| Amounts payable within one year | 42/48 | €127,746 | €130,270 | +€2,525 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €43,769 | €47,007 | +€3,238 | +7.4% |
| Financial debts | 43 | €0 | €914 | +€914 | |
| Credit institutions | 430/8 | €0 | €914 | +€914 | |
| Trade debts | 44 | €36,874 | €35,484 | -€1,390 | -3.8% |
| Suppliers | 440/4 | €36,874 | €35,484 | -€1,390 | -3.8% |
| Taxes, remuneration and social security | 45 | €47,102 | €46,865 | -€238 | -0.5% |
| Taxes | 450/3 | €24,741 | €25,927 | +€1,186 | +4.8% |
| Remuneration and social security | 454/9 | €22,362 | €20,938 | -€1,424 | -6.4% |
| Accrued charges and deferred income | 492/3 | €51,874 | €52,025 | +€151 | +0.3% |
| Remuneration, social security and pensions | 62 | €104,259 | €106,546 | +€2,287 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,077 | €39,738 | +€3,661 | +10.1% |
| Other operating charges | 640/8 | €9,517 | €12,024 | +€2,506 | +26.3% |
| Non-recurring operating charges | 66A | €17 | €290 | +€273 | +1,606% |
| Gross operating margin | 9900 | €170,871 | €194,463 | +€23,592 | +13.8% |
| Operating profit (loss) | 9901 | €21,001 | €35,866 | +€14,865 | +70.8% |
| Financial income | 75/76B | €5,175 | €5,451 | +€276 | +5.3% |
| Recurring financial income | 75 | €5,175 | €5,451 | +€276 | +5.3% |
| Financial charges | 65/66B | €18,967 | €17,947 | -€1,020 | -5.4% |
| Recurring financial charges | 65 | €18,967 | €17,947 | -€1,020 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €7,209 | €23,370 | +€16,161 | +224% |
| Transfer from deferred taxes | 780 | €3,860 | €3,860 | = | 0.0% |
| Income taxes | 67/77 | €8,144 | €12,622 | +€4,478 | +55.0% |
| Profit (loss) for the period | 9904 | €2,924 | €14,607 | +€11,683 | +399% |
| Transfer from tax-exempt reserves | 789 | €7,496 | €7,496 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,420 | €22,103 | +€11,683 | +112% |
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 30 October 2026 via checked.be.