INSURANCIA: 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.
INSURANCIA
Largest movements
- Cash +€60,483
up €60,483 (+498%), from €12,140 to €72,623
mainly Net result for the year (+€40,238) and Deferred charges and accrued income (+€30,247)
- Deferred charges and accrued income -€30,247
down €30,247 (-94.6%), from €31,970 to €1,723
- Intangible fixed assets -€17,500
down €17,500 (-18.2%), from €96,202 to €78,702
- Tangible fixed assets -€12,965
down €12,965 (-34.4%), from €37,696 to €24,731
of which Furniture and vehicles: -€15,137
- Reserves +€39,405
up €39,405 (+109%), from €35,997 to €75,402
of which Distributable reserves: +€41,264
- Debts after one year -€22,205
down €22,205 (-25.5%), from €87,041 to €64,836
- Current portion of long-term debt -€7,775
down €7,775 (-25.0%), from €31,065 to €23,290
- Other debts -€5,378
down €5,378 (-40.2%), from €13,377 to €7,999
- Tax, wage and social debts -€3,181
down €3,181 (-30.2%), from €10,521 to €7,340
- Gross operating margin +€14,410
up €14,410 (+19.9%), from €72,451 to €86,861
- Taxes +€3,828
up €3,828 (+26.1%), from €14,674 to €18,502
- Other operating charges +€2,651
up €2,651 (+288%), from €920 to €3,571
- Depreciation +€1,986
up €1,986 (+10.1%), from €19,652 to €21,638
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 | €191,163 | €189,258 | -€1,905 | -1.0% |
| Fixed assets | 21/28 | €133,898 | €103,433 | -€30,465 | -22.8% |
| Intangible fixed assets | 21 | €96,202 | €78,702 | -€17,500 | -18.2% |
| Tangible fixed assets | 22/27 | €37,696 | €24,731 | -€12,965 | -34.4% |
| Land and buildings | 22 | - | €2,172 | +€2,172 | |
| Furniture and vehicles | 24 | €37,696 | €22,559 | -€15,137 | -40.2% |
| Current assets | 29/58 | €57,265 | €85,825 | +€28,560 | +49.9% |
| Amounts receivable within one year | 40/41 | €13,155 | €11,480 | -€1,675 | -12.7% |
| Trade receivables | 40 | €12,642 | €11,001 | -€1,641 | -13.0% |
| Other amounts receivable | 41 | €513 | €479 | -€34 | -6.6% |
| Cash at bank and in hand | 54/58 | €12,140 | €72,623 | +€60,483 | +498% |
| Deferred charges and accrued income | 490/1 | €31,970 | €1,723 | -€30,247 | -94.6% |
| Total equity and liabilities | 10/49 | €191,163 | €189,258 | -€1,905 | -1.0% |
| Equity | 10/15 | €44,788 | €84,194 | +€39,406 | +88.0% |
| Contributions | 10/11 | €6,197 | €6,197 | +€0 | 0.0% |
| Reserves | 13 | €35,997 | €75,402 | +€39,405 | +109% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €34,138 | €75,402 | +€41,264 | +121% |
| Profit (loss) carried forward | 14 | €2,594 | €2,594 | +€0 | 0.0% |
| Amounts payable | 17/49 | €146,375 | €105,065 | -€41,310 | -28.2% |
| Amounts payable after more than one year | 17 | €87,041 | €64,836 | -€22,205 | -25.5% |
| Financial debts | 170/4 | €87,041 | €64,836 | -€22,205 | -25.5% |
| Amounts payable within one year | 42/48 | €59,334 | €40,229 | -€19,105 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €31,065 | €23,290 | -€7,775 | -25.0% |
| Trade debts | 44 | €4,371 | €1,599 | -€2,772 | -63.4% |
| Suppliers | 440/4 | €4,371 | €1,599 | -€2,772 | -63.4% |
| Taxes, remuneration and social security | 45 | €10,521 | €7,340 | -€3,181 | -30.2% |
| Taxes | 450/3 | €10,521 | €7,340 | -€3,181 | -30.2% |
| Other amounts payable | 47/48 | €13,377 | €7,999 | -€5,378 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,652 | €21,638 | +€1,986 | +10.1% |
| Other operating charges | 640/8 | €920 | €3,571 | +€2,651 | +288% |
| Non-recurring operating charges | 66A | €578 | €238 | -€340 | -58.8% |
| Gross operating margin | 9900 | €72,451 | €86,861 | +€14,410 | +19.9% |
| Operating profit (loss) | 9901 | €51,301 | €61,414 | +€10,113 | +19.7% |
| Financial income | 75/76B | €144 | €136 | -€8 | -5.8% |
| Recurring financial income | 75 | €144 | €136 | -€8 | -5.8% |
| Financial charges | 65/66B | €3,040 | €2,810 | -€230 | -7.6% |
| Recurring financial charges | 65 | €3,040 | €2,810 | -€230 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €48,405 | €58,740 | +€10,335 | +21.4% |
| Income taxes | 67/77 | €14,674 | €18,502 | +€3,828 | +26.1% |
| Profit (loss) for the period | 9904 | €33,731 | €40,238 | +€6,507 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,731 | €40,238 | +€6,507 | +19.3% |
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 25 October 2026 via checked.be.