FIN-INSURE W: what changed
What changed
FIN-INSURE W
NACE 64.190, Financial service activities, except insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€92,551
2024 · €108,200-€15,649
Equity
€82,456
2024 · €79,904+€2,551
Cash
€29,683
2024 · €20,363+€9,320
Balance sheet total
€218,693
2024 · €244,610-€25,917
Largest movements
Assets
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Cash +€9,320
up €9,320 (+45.8%), from €20,363 to €29,683
mainly Net result for the year (+€92,551) and Current investments (+€30,000)
- Tangible fixed assets -€5,421
down €5,421 (-47.4%), from €11,435 to €6,013
of which Furniture and vehicles: -€5,096
Equity and liabilities
- Other debts -€18,000
down €18,000 (-14.5%), from €123,775 to €105,775
- Short-term financial debts -€5,020
down €5,020 (-27.2%), from €18,456 to €13,436
- Debts after one year -€4,646
down €4,646 (-59.8%), from €7,763 to €3,117
- Profit (loss) carried forward +€2,551
up €2,551 (+560%), from €456 to €3,007
Income statement
- Gross operating margin -€64,361
down €64,361 (-27.1%), from €237,826 to €173,465
- Staff costs -€20,754
down €20,754 (-32.2%), from €64,363 to €43,609
- Depreciation -€16,219
down €16,219 (-74.9%), from €21,640 to €5,421
- Taxes -€10,747
down €10,747 (-25.5%), from €42,183 to €31,436
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
€108,200
Gross operating margin
-€64,361
Staff costs
+€20,754
Depreciation
+€16,219
Other operating charges
-€18
Financial income
+€1,005
Financial charges
+€5
Taxes
+€10,747
Result 2025
€92,551
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
+€78,950
Investment
+€30,000
Financing
-€99,631
Cash 2024
€20,363
From operations (derived)
+€78,950
Net result for the year
+€92,551
Depreciation
+€5,421
Receivables within one year
-€542
Deferred charges and accrued income
+€358
Trade debts
+€1,593
Tax, wage and social debts
-€2,431
Other debts
-€18,000
Investment (derived)
+€30,000
Current investments
+€30,000
Financing
-€99,631
Debts after one year
-€4,646
Current portion of long-term debt
+€35
Short-term financial debts
-€5,020
Contributions, distributions and other
-€90,000
Cash 2025
€29,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,610 | €218,693 | -€25,917 | -10.6% |
| Fixed assets | 21/28 | €11,510 | €6,088 | -€5,421 | -47.1% |
| Tangible fixed assets | 22/27 | €11,435 | €6,013 | -€5,421 | -47.4% |
| Furniture and vehicles | 24 | €9,513 | €4,416 | -€5,096 | -53.6% |
| Other tangible fixed assets | 26 | €1,922 | €1,597 | -€325 | -16.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €233,101 | €212,605 | -€20,496 | -8.8% |
| Amounts receivable within one year | 40/41 | €153,453 | €153,995 | +€542 | +0.4% |
| Other amounts receivable | 41 | €153,453 | €153,995 | +€542 | +0.4% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €20,363 | €29,683 | +€9,320 | +45.8% |
| Deferred charges and accrued income | 490/1 | €29,285 | €28,927 | -€358 | -1.2% |
| Total equity and liabilities | 10/49 | €244,610 | €218,693 | -€25,917 | -10.6% |
| Equity | 10/15 | €79,904 | €82,456 | +€2,551 | +3.2% |
| Contributions | 10/11 | €53,358 | €53,358 | = | 0.0% |
| Reserves | 13 | €26,090 | €26,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22 | €22 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22 | €22 | = | 0.0% |
| Distributable reserves | 133 | €26,068 | €26,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €456 | €3,007 | +€2,551 | +560% |
| Amounts payable | 17/49 | €164,706 | €136,237 | -€28,469 | -17.3% |
| Amounts payable after more than one year | 17 | €7,763 | €3,117 | -€4,646 | -59.8% |
| Financial debts | 170/4 | €7,763 | €3,117 | -€4,646 | -59.8% |
| Amounts payable within one year | 42/48 | €156,943 | €133,121 | -€23,823 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,611 | €4,646 | +€35 | +0.8% |
| Financial debts | 43 | €18,456 | €13,436 | -€5,020 | -27.2% |
| Credit institutions | 430/8 | €18,456 | €13,436 | -€5,020 | -27.2% |
| Trade debts | 44 | €410 | €2,003 | +€1,593 | +389% |
| Suppliers | 440/4 | €410 | €2,003 | +€1,593 | +389% |
| Taxes, remuneration and social security | 45 | €9,691 | €7,260 | -€2,431 | -25.1% |
| Taxes | 450/3 | €2,106 | €2,106 | = | 0.0% |
| Remuneration and social security | 454/9 | €7,585 | €5,154 | -€2,431 | -32.1% |
| Other amounts payable | 47/48 | €123,775 | €105,775 | -€18,000 | -14.5% |
| Remuneration, social security and pensions | 62 | €64,363 | €43,609 | -€20,754 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,640 | €5,421 | -€16,219 | -74.9% |
| Other operating charges | 640/8 | €617 | €635 | +€18 | +2.9% |
| Gross operating margin | 9900 | €237,826 | €173,465 | -€64,361 | -27.1% |
| Operating profit (loss) | 9901 | €151,206 | €123,800 | -€27,406 | -18.1% |
| Financial income | 75/76B | €255 | €1,260 | +€1,005 | +394% |
| Recurring financial income | 75 | €255 | €1,260 | +€1,005 | +394% |
| Financial charges | 65/66B | €1,078 | €1,073 | -€5 | -0.5% |
| Recurring financial charges | 65 | €1,078 | €1,073 | -€5 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €150,383 | €123,987 | -€26,396 | -17.6% |
| Income taxes | 67/77 | €42,183 | €31,436 | -€10,747 | -25.5% |
| Profit (loss) for the period | 9904 | €108,200 | €92,551 | -€15,649 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,200 | €92,551 | -€15,649 | -14.5% |
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 3 November 2026 via checked.be.