GREGOIRE & HENRY: what changed
What changed
GREGOIRE & HENRY
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€25,672
2024 · €31,882-€6,210
Equity
€240,525
2024 · €248,943-€8,418
Cash
€47,015
2024 · €46,955+€60
Balance sheet total
€380,813
2024 · €423,653-€42,840
Largest movements
Assets
- Tangible fixed assets -€50,573
down €50,573 (-26.5%), from €191,005 to €140,433
of which Furniture and vehicles: -€32,835
- Receivables within one year +€8,691
up €8,691 (+19.2%), from €45,193 to €53,884
Equity and liabilities
- Debts after one year -€36,604
down €36,604 (-80.7%), from €45,362 to €8,758
- Other debts +€10,235
up €10,235 (+32.1%), from €31,926 to €42,161
- Reserves -€8,418
down €8,418 (-5.6%), from €149,698 to €141,280
of which Tax-exempt reserves: -€6,901
- Accrued charges and deferred income -€7,149
down €7,149 (-24.8%), from €28,785 to €21,636
Income statement
- Gross operating margin -€15,508
down €15,508 (-11.5%), from €134,483 to €118,975
- Staff costs -€7,112
down €7,112 (-26.1%), from €27,252 to €20,139
- Other operating charges -€6,221
down €6,221 (-66.2%), from €9,398 to €3,178
- Depreciation +€3,755
up €3,755 (+8.0%), from €46,817 to €50,573
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
€31,882
Gross operating margin
-€15,508
Staff costs
+€7,112
Depreciation
-€3,755
Other operating charges
+€6,221
Financial income
+€5
Financial charges
-€79
Taxes
-€206
Result 2025
€25,672
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
+€69,749
Investment
-€5
Financing
-€69,684
Cash 2024
€46,955
From operations (derived)
+€69,749
Net result for the year
+€25,672
Depreciation
+€50,573
Receivables within one year
-€8,691
Deferred charges and accrued income
+€1,024
Provisions
-€3,554
Trade debts
+€3,449
Tax, wage and social debts
-€1,810
Other debts
+€10,235
Accrued charges and deferred income
-€7,149
Investment (derived)
-€5
Current investments
-€5
Financing
-€69,684
Debts after one year
-€36,604
Current portion of long-term debt
+€1,011
Contributions, distributions and other
-€34,090
Cash 2025
€47,015
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,653 | €380,813 | -€42,840 | -10.1% |
| Fixed assets | 21/28 | €329,377 | €278,804 | -€50,573 | -15.4% |
| Tangible fixed assets | 22/27 | €191,005 | €140,433 | -€50,573 | -26.5% |
| Land and buildings | 22 | €66,763 | €49,334 | -€17,428 | -26.1% |
| Plant, machinery and equipment | 23 | €2,472 | €2,163 | -€309 | -12.5% |
| Furniture and vehicles | 24 | €121,770 | €88,935 | -€32,835 | -27.0% |
| Financial fixed assets | 28 | €138,372 | €138,372 | = | 0.0% |
| Current assets | 29/58 | €94,276 | €102,009 | +€7,732 | +8.2% |
| Amounts receivable within one year | 40/41 | €45,193 | €53,884 | +€8,691 | +19.2% |
| Trade receivables | 40 | €45,193 | €53,884 | +€8,691 | +19.2% |
| Current investments | 50/53 | €550 | €555 | +€5 | +0.9% |
| Cash at bank and in hand | 54/58 | €46,955 | €47,015 | +€60 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,579 | €555 | -€1,024 | -64.9% |
| Total equity and liabilities | 10/49 | €423,653 | €380,813 | -€42,840 | -10.1% |
| Equity | 10/15 | €248,943 | €240,525 | -€8,418 | -3.4% |
| Contributions | 10/11 | €2,958 | €2,958 | = | 0.0% |
| Reserves | 13 | €149,698 | €141,280 | -€8,418 | -5.6% |
| Tax-exempt reserves | 132 | €31,404 | €24,503 | -€6,901 | -22.0% |
| Distributable reserves | 133 | €118,294 | €116,777 | -€1,517 | -1.3% |
| Profit (loss) carried forward | 14 | €96,287 | €96,287 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14,214 | €10,661 | -€3,554 | -25.0% |
| Deferred taxes | 168 | €14,214 | €10,661 | -€3,554 | -25.0% |
| Amounts payable | 17/49 | €160,496 | €129,627 | -€30,868 | -19.2% |
| Amounts payable after more than one year | 17 | €45,362 | €8,758 | -€36,604 | -80.7% |
| Financial debts | 170/4 | €45,362 | €8,758 | -€36,604 | -80.7% |
| Amounts payable within one year | 42/48 | €86,349 | €99,234 | +€12,884 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €35,593 | €36,604 | +€1,011 | +2.8% |
| Trade debts | 44 | €2,878 | €6,327 | +€3,449 | +120% |
| Suppliers | 440/4 | €2,878 | €6,327 | +€3,449 | +120% |
| Taxes, remuneration and social security | 45 | €15,952 | €14,142 | -€1,810 | -11.3% |
| Taxes | 450/3 | €13,154 | €12,395 | -€760 | -5.8% |
| Remuneration and social security | 454/9 | €2,798 | €1,747 | -€1,050 | -37.5% |
| Other amounts payable | 47/48 | €31,926 | €42,161 | +€10,235 | +32.1% |
| Accrued charges and deferred income | 492/3 | €28,785 | €21,636 | -€7,149 | -24.8% |
| Remuneration, social security and pensions | 62 | €27,252 | €20,139 | -€7,112 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,817 | €50,573 | +€3,755 | +8.0% |
| Other operating charges | 640/8 | €9,398 | €3,178 | -€6,221 | -66.2% |
| Gross operating margin | 9900 | €134,483 | €118,975 | -€15,508 | -11.5% |
| Operating profit (loss) | 9901 | €51,016 | €45,086 | -€5,930 | -11.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | +1,347% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +1,347% |
| Financial charges | 65/66B | €2,088 | €2,167 | +€79 | +3.8% |
| Recurring financial charges | 65 | €2,088 | €2,167 | +€79 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €48,928 | €42,924 | -€6,004 | -12.3% |
| Transfer from deferred taxes | 780 | €3,554 | €3,554 | = | 0.0% |
| Income taxes | 67/77 | €20,600 | €20,806 | +€206 | +1.0% |
| Profit (loss) for the period | 9904 | €31,882 | €25,672 | -€6,210 | -19.5% |
| Transfer from tax-exempt reserves | 789 | €6,901 | €6,901 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,783 | €32,573 | -€6,210 | -16.0% |
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 7 November 2026 via checked.be.