Insurance & Development: 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 & Development
Largest movements
- Deferred charges and accrued income -€75,186
down €75,186 (-98.4%), from €76,422 to €1,236
- Cash +€74,329
up €74,329 (+8.6%), from €862,519 to €936,848
mainly Deferred charges and accrued income (+€75,186) and Net result for the year (+€63,760)
- Tangible fixed assets +€73,247
up €73,247 (+163%), from €44,993 to €118,240
of which Furniture and vehicles: +€80,643
- Profit (loss) carried forward +€63,760
up €63,760 (+6.6%), from €964,173 to €1.0m
- Trade debts -€16,355
down €16,355 (-67.1%), from €24,365 to €8,010
- Tax, wage and social debts +€13,864
up €13,864 (+31.3%), from €44,230 to €58,094
of which Taxes: +€7,293
- Gross operating margin +€35,894
up €35,894 (+12.9%), from €278,719 to €314,614
- Staff costs +€17,760
up €17,760 (+9.8%), from €181,770 to €199,529
- Depreciation +€17,413
up €17,413 (+101%), from €17,240 to €34,653
- Taxes +€9,596
up €9,596 (+48.8%), from €19,651 to €29,247
- Financial income +€8,647
up €8,647 (+117%), from €7,407 to €16,055
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 | €1,139,024 | €1,202,266 | +€63,242 | +5.6% |
| Fixed assets | 21/28 | €56,443 | €129,690 | +€73,247 | +130% |
| Tangible fixed assets | 22/27 | €44,993 | €118,240 | +€73,247 | +163% |
| Furniture and vehicles | 24 | €21,004 | €101,647 | +€80,643 | +384% |
| Other tangible fixed assets | 26 | €23,988 | €16,593 | -€7,396 | -30.8% |
| Financial fixed assets | 28 | €11,450 | €11,450 | = | 0.0% |
| Current assets | 29/58 | €1,082,582 | €1,072,577 | -€10,005 | -0.9% |
| Amounts receivable within one year | 40/41 | €143,640 | €134,493 | -€9,148 | -6.4% |
| Trade receivables | 40 | €45,329 | €36,201 | -€9,128 | -20.1% |
| Other amounts receivable | 41 | €98,311 | €98,291 | -€20 | 0.0% |
| Cash at bank and in hand | 54/58 | €862,519 | €936,848 | +€74,329 | +8.6% |
| Deferred charges and accrued income | 490/1 | €76,422 | €1,236 | -€75,186 | -98.4% |
| Total equity and liabilities | 10/49 | €1,139,024 | €1,202,266 | +€63,242 | +5.6% |
| Equity | 10/15 | €1,068,921 | €1,132,681 | +€63,760 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,156 | €86,156 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,868 | €67,868 | = | 0.0% |
| Distributable reserves | 133 | €18,288 | €18,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €964,173 | €1,027,933 | +€63,760 | +6.6% |
| Amounts payable | 17/49 | €70,103 | €69,585 | -€518 | -0.7% |
| Amounts payable within one year | 42/48 | €70,103 | €69,585 | -€518 | -0.7% |
| Trade debts | 44 | €24,365 | €8,010 | -€16,355 | -67.1% |
| Suppliers | 440/4 | €24,365 | €8,010 | -€16,355 | -67.1% |
| Taxes, remuneration and social security | 45 | €44,230 | €58,094 | +€13,864 | +31.3% |
| Taxes | 450/3 | €6,626 | €13,919 | +€7,293 | +110% |
| Remuneration and social security | 454/9 | €37,604 | €44,175 | +€6,571 | +17.5% |
| Other amounts payable | 47/48 | €1,508 | €3,481 | +€1,973 | +131% |
| Remuneration, social security and pensions | 62 | €181,770 | €199,529 | +€17,760 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,240 | €34,653 | +€17,413 | +101% |
| Other operating charges | 640/8 | €1,868 | €2,159 | +€291 | +15.6% |
| Non-recurring operating charges | 66A | €11,895 | - | -€11,895 | |
| Gross operating margin | 9900 | €278,719 | €314,614 | +€35,894 | +12.9% |
| Operating profit (loss) | 9901 | €65,946 | €78,272 | +€12,325 | +18.7% |
| Financial income | 75/76B | €7,407 | €16,055 | +€8,647 | +117% |
| Recurring financial income | 75 | €7,407 | €16,055 | +€8,647 | +117% |
| Financial charges | 65/66B | €7,113 | €1,319 | -€5,794 | -81.5% |
| Recurring financial charges | 65 | €7,113 | €1,319 | -€5,794 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €66,240 | €93,007 | +€26,767 | +40.4% |
| Income taxes | 67/77 | €19,651 | €29,247 | +€9,596 | +48.8% |
| Profit (loss) for the period | 9904 | €46,589 | €63,760 | +€17,171 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,589 | €63,760 | +€17,171 | +36.9% |
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 14 October 2026 via checked.be.