INSUR: 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.
INSUR
Largest movements
- Cash +€86,776
up €86,776 (+111%), from €78,519 to €165,295
mainly Net result for the year (+€112,599) and Depreciation (+€17,167)
- Tangible fixed assets -€17,167
down €17,167 (-91.7%), from €18,719 to €1,552
- Reserves +€112,599
up €112,599 (+40.5%), from €277,679 to €390,278
- Debts after one year -€47,429
down €47,429 (-39.3%), from €120,796 to €73,367
- Financial income +€46,830
up €46,830 (+5,642,143%), from €1 to €46,831
- Gross operating margin +€21,073
up €21,073 (+20.7%), from €101,959 to €123,032
- Staff costs +€13,819
new in 2025: €13,819
- Financial charges -€8,577
down €8,577 (-81.2%), from €10,562 to €1,986
- Taxes +€7,993
up €7,993 (+50.9%), from €15,693 to €23,686
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 | €789,935 | €860,858 | +€70,923 | +9.0% |
| Fixed assets | 21/28 | €711,416 | €694,249 | -€17,167 | -2.4% |
| Tangible fixed assets | 22/27 | €18,719 | €1,552 | -€17,167 | -91.7% |
| Furniture and vehicles | 24 | €18,719 | €1,552 | -€17,167 | -91.7% |
| Financial fixed assets | 28 | €692,697 | €692,697 | = | 0.0% |
| Current assets | 29/58 | €78,519 | €166,609 | +€88,090 | +112% |
| Amounts receivable within one year | 40/41 | - | €1,314 | +€1,314 | |
| Other amounts receivable | 41 | - | €1,314 | +€1,314 | |
| Cash at bank and in hand | 54/58 | €78,519 | €165,295 | +€86,776 | +111% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €789,935 | €860,858 | +€70,923 | +9.0% |
| Equity | 10/15 | €327,679 | €440,278 | +€112,599 | +34.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €277,679 | €390,278 | +€112,599 | +40.5% |
| Distributable reserves | 133 | €277,679 | €390,278 | +€112,599 | +40.5% |
| Amounts payable | 17/49 | €462,255 | €420,580 | -€41,675 | -9.0% |
| Amounts payable after more than one year | 17 | €120,796 | €73,367 | -€47,429 | -39.3% |
| Financial debts | 170/4 | €120,796 | €73,367 | -€47,429 | -39.3% |
| Amounts payable within one year | 42/48 | €341,459 | €347,213 | +€5,754 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €46,852 | €47,429 | +€578 | +1.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,740 | €893 | -€846 | -48.6% |
| Suppliers | 440/4 | €1,740 | €893 | -€846 | -48.6% |
| Taxes, remuneration and social security | 45 | €693 | €1,837 | +€1,144 | +165% |
| Taxes | 450/3 | €693 | €0 | -€693 | -100% |
| Remuneration and social security | 454/9 | - | €1,837 | +€1,837 | |
| Other amounts payable | 47/48 | €292,174 | €297,054 | +€4,879 | +1.7% |
| Remuneration, social security and pensions | 62 | - | €13,819 | +€13,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,167 | €17,167 | = | 0.0% |
| Other operating charges | 640/8 | €788 | €607 | -€180 | -22.9% |
| Non-recurring operating charges | 66A | €1,630 | €0 | -€1,630 | -100% |
| Gross operating margin | 9900 | €101,959 | €123,032 | +€21,073 | +20.7% |
| Operating profit (loss) | 9901 | €82,375 | €91,439 | +€9,065 | +11.0% |
| Financial income | 75/76B | €1 | €46,831 | +€46,830 | +5,642,143% |
| Recurring financial income | 75 | €1 | €46,831 | +€46,830 | +5,642,143% |
| Financial charges | 65/66B | €10,562 | €1,986 | -€8,577 | -81.2% |
| Recurring financial charges | 65 | €10,562 | €1,986 | -€8,577 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €71,813 | €136,284 | +€64,471 | +89.8% |
| Income taxes | 67/77 | €15,693 | €23,686 | +€7,993 | +50.9% |
| Profit (loss) for the period | 9904 | €56,120 | €112,599 | +€56,479 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €56,120 | €112,599 | +€56,479 | +101% |
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 15 October 2026 via checked.be.