INSURANCE ADVISORY: 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.
INSURANCE ADVISORY
Largest movements
- Cash +€354,936
up €354,936 (+760%), from €46,684 to €401,620
mainly Net result for the year (+€265,295) and Other debts (+€170,556)
- Financial fixed assets -€56,685
no longer reported in 2025 (was €56,685)
- Tangible fixed assets -€18,467
down €18,467 (-5.5%), from €336,696 to €318,229
of which Land and buildings: -€17,408
- Receivables within one year -€17,145
down €17,145 (-44.3%), from €38,728 to €21,584
of which Trade receivables: -€16,335
- Reserves +€265,295
up €265,295 (+144%), from €184,479 to €449,774
- Profit (loss) carried forward -€200,000
down €200,000 (-90.5%), from €221,112 to €21,112
- Other debts +€170,556
up €170,556 (+298%), from €57,165 to €227,721
- Tax, wage and social debts +€28,795
up €28,795 (+415%), from €6,942 to €35,736
- Gross operating margin +€390,552
up €390,552, from -€1,724 to €388,829
- Taxes +€101,271
up €101,271 (+45,812%), from €221 to €101,492
- Financial income -€26,117
no longer reported in 2025 (was €26,117)
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 | €478,794 | €741,434 | +€262,640 | +54.9% |
| Fixed assets | 21/28 | €393,381 | €318,229 | -€75,152 | -19.1% |
| Tangible fixed assets | 22/27 | €336,696 | €318,229 | -€18,467 | -5.5% |
| Land and buildings | 22 | €334,024 | €316,615 | -€17,408 | -5.2% |
| Furniture and vehicles | 24 | €2,673 | €1,614 | -€1,059 | -39.6% |
| Financial fixed assets | 28 | €56,685 | - | -€56,685 | |
| Current assets | 29/58 | €85,413 | €423,204 | +€337,792 | +395% |
| Amounts receivable within one year | 40/41 | €38,728 | €21,584 | -€17,145 | -44.3% |
| Trade receivables | 40 | €20,268 | €3,933 | -€16,335 | -80.6% |
| Other amounts receivable | 41 | €18,461 | €17,651 | -€809 | -4.4% |
| Cash at bank and in hand | 54/58 | €46,684 | €401,620 | +€354,936 | +760% |
| Total equity and liabilities | 10/49 | €478,794 | €741,434 | +€262,640 | +54.9% |
| Equity | 10/15 | €411,791 | €477,085 | +€65,295 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184,479 | €449,774 | +€265,295 | +144% |
| Distributable reserves | 133 | €184,479 | €449,774 | +€265,295 | +144% |
| Profit (loss) carried forward | 14 | €221,112 | €21,112 | -€200,000 | -90.5% |
| Amounts payable | 17/49 | €67,003 | €264,348 | +€197,345 | +295% |
| Amounts payable within one year | 42/48 | €67,003 | €264,348 | +€197,345 | +295% |
| Trade debts | 44 | €2,896 | €891 | -€2,005 | -69.2% |
| Suppliers | 440/4 | €2,896 | €891 | -€2,005 | -69.2% |
| Taxes, remuneration and social security | 45 | €6,942 | €35,736 | +€28,795 | +415% |
| Taxes | 450/3 | €6,942 | €35,736 | +€28,795 | +415% |
| Other amounts payable | 47/48 | €57,165 | €227,721 | +€170,556 | +298% |
| Non-recurring operating income | 76A | - | €375,572 | +€375,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,436 | €18,467 | +€31 | +0.2% |
| Other operating charges | 640/8 | €2,881 | €2,958 | +€76 | +2.6% |
| Gross operating margin | 9900 | -€1,724 | €388,829 | +€390,552 | |
| Operating profit (loss) | 9901 | -€23,041 | €367,404 | +€390,445 | |
| Financial income | 75/76B | €26,117 | - | -€26,117 | |
| Recurring financial income | 75 | €26,117 | - | -€26,117 | |
| Financial charges | 65/66B | €868 | €617 | -€250 | -28.9% |
| Recurring financial charges | 65 | €868 | €617 | -€250 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €2,208 | €366,787 | +€364,579 | +16,512% |
| Income taxes | 67/77 | €221 | €101,492 | +€101,271 | +45,812% |
| Profit (loss) for the period | 9904 | €1,987 | €265,295 | +€263,308 | +13,252% |
| Profit (loss) for the period to be appropriated | 9905 | €1,987 | €265,295 | +€263,308 | +13,252% |
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 24 October 2026 via checked.be.