JEAN VERHEYEN: 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.
What changed
JEAN VERHEYEN
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.9m
2024 · €5.6m-€1.7m
Equity
€3.6m
2024 · €4.1m-€500,146
Cash
€4.5m
2024 · €4.7m-€206,103
Balance sheet total
€29.2m
2024 · €29.0m+€213,609
Largest movements
Assets
- Current investments +€734,687
up €734,687 (+6.3%), from €11.7m to €12.5m
- Receivables within one year -€612,215
down €612,215 (-6.7%), from €9.2m to €8.5m
Equity and liabilities
- Trade debts +€620,102
up €620,102 (+3.4%), from €18.2m to €18.8m
- Profit (loss) carried forward -€500,146
down €500,146 (-12.5%), from €4.0m to €3.5m
Income statement
- Financial charges +€870,721
up €870,721 (+2,336%), from €37,281 to €908,003
- Taxes -€550,219
down €550,219 (-28.9%), from €1.9m to €1.4m
- Financial income -€483,724
down €483,724 (-53.5%), from €903,624 to €419,900
- Staff costs +€315,373
up €315,373 (+7.7%), from €4.1m to €4.4m
- Turnover -€244,815
down €244,815 (-1.9%), from €12.8m to €12.5m
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.
Result 2024
€5.6m
Turnover
-€244,815
Other operating income
-€237,001
Services and other goods
-€126,234
Staff costs
-€315,373
Depreciation
+€28,102
Provisions
+€20,749
Other operating charges
-€2,566
Other operating items
-€13,135
Financial income
-€483,724
Financial charges
-€870,721
Taxes
+€550,219
Result 2025
€3.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.1m
Investment
-€907,949
Financing
-€4.4m
Cash 2024
€4.7m
From operations (derived)
+€5.1m
Net result for the year
+€3.9m
Depreciation
+€94,938
Receivables within one year
+€612,215
Deferred charges and accrued income
-€218,917
Provisions
+€24,399
Trade debts
+€620,102
Tax, wage and social debts
+€250,482
Other debts
-€171,635
Accrued charges and deferred income
-€9,593
Investment (derived)
-€907,949
Investment in fixed assets (net)
-€173,262
Current investments
-€734,687
Financing
-€4.4m
Contributions, distributions and other
-€4.4m
Cash 2025
€4.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,961,141 | €29,174,750 | +€213,609 | +0.7% |
| Fixed assets | 21/28 | €506,246 | €584,571 | +€78,324 | +15.5% |
| Intangible fixed assets | 21 | €78,634 | €60,023 | -€18,612 | -23.7% |
| Tangible fixed assets | 22/27 | €423,986 | €502,785 | +€78,799 | +18.6% |
| Land and buildings | 22 | €15,207 | €12,223 | -€2,984 | -19.6% |
| Plant, machinery and equipment | 23 | - | €16,647 | +€16,647 | |
| Furniture and vehicles | 24 | €56,352 | €41,150 | -€15,202 | -27.0% |
| Other tangible fixed assets | 26 | €352,427 | €358,653 | +€6,225 | +1.8% |
| Assets under construction and advance payments | 27 | - | €74,113 | +€74,113 | |
| Financial fixed assets | 28 | €3,626 | €21,763 | +€18,137 | +500% |
| Other financial fixed assets | 284/8 | €3,626 | €21,763 | +€18,137 | +500% |
| Amounts receivable and cash guarantees | 285/8 | €3,626 | €21,763 | +€18,137 | +500% |
| Current assets | 29/58 | €28,454,894 | €28,590,179 | +€135,285 | +0.5% |
| Amounts receivable within one year | 40/41 | €9,162,025 | €8,549,810 | -€612,215 | -6.7% |
| Trade receivables | 40 | €9,162,025 | €8,549,810 | -€612,215 | -6.7% |
| Current investments | 50/53 | €11,724,888 | €12,459,574 | +€734,687 | +6.3% |
| Other investments | 51/53 | €11,724,888 | €12,459,574 | +€734,687 | +6.3% |
| Cash at bank and in hand | 54/58 | €4,704,098 | €4,497,994 | -€206,103 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,863,884 | €3,082,801 | +€218,917 | +7.6% |
| Total equity and liabilities | 10/49 | €28,961,141 | €29,174,750 | +€213,609 | +0.7% |
| Equity | 10/15 | €4,136,995 | €3,636,849 | -€500,146 | -12.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,000,654 | €3,500,507 | -€500,146 | -12.5% |
| Provisions and deferred taxes | 16 | €907,752 | €932,151 | +€24,399 | +2.7% |
| Provisions for liabilities and charges | 160/5 | €907,752 | €932,151 | +€24,399 | +2.7% |
| Other liabilities and charges | 164/5 | €907,752 | €932,151 | +€24,399 | +2.7% |
| Amounts payable | 17/49 | €23,916,394 | €24,605,750 | +€689,357 | +2.9% |
| Amounts payable within one year | 42/48 | €23,855,949 | €24,554,898 | +€698,949 | +2.9% |
| Trade debts | 44 | €18,158,390 | €18,778,492 | +€620,102 | +3.4% |
| Suppliers | 440/4 | €18,158,390 | €18,778,492 | +€620,102 | +3.4% |
| Taxes, remuneration and social security | 45 | €1,138,796 | €1,389,278 | +€250,482 | +22.0% |
| Taxes | 450/3 | €664,884 | €864,917 | +€200,033 | +30.1% |
| Remuneration and social security | 454/9 | €473,912 | €524,361 | +€50,449 | +10.6% |
| Other amounts payable | 47/48 | €4,558,763 | €4,387,128 | -€171,635 | -3.8% |
| Accrued charges and deferred income | 492/3 | €60,445 | €50,852 | -€9,593 | -15.9% |
| Operating income | 70/76A | €13,637,849 | €13,142,898 | -€494,951 | -3.6% |
| Turnover | 70 | €12,750,467 | €12,505,651 | -€244,815 | -1.9% |
| Other operating income | 74 | €874,248 | €637,247 | -€237,001 | -27.1% |
| Non-recurring operating income | 76A | €13,135 | - | -€13,135 | |
| Operating charges | 60/66A | €7,040,701 | €7,436,023 | +€395,322 | +5.6% |
| Services and other goods | 61 | €2,744,148 | €2,870,382 | +€126,234 | +4.6% |
| Remuneration, social security and pensions | 62 | €4,098,871 | €4,414,244 | +€315,373 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,040 | €94,938 | -€28,102 | -22.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €45,148 | €24,399 | -€20,749 | -46.0% |
| Other operating charges | 640/8 | €29,495 | €32,060 | +€2,566 | +8.7% |
| Operating profit (loss) | 9901 | €6,597,148 | €5,706,875 | -€890,273 | -13.5% |
| Financial income | 75/76B | €903,624 | €419,900 | -€483,724 | -53.5% |
| Recurring financial income | 75 | €903,624 | €419,900 | -€483,724 | -53.5% |
| Income from current assets | 751 | €427,822 | €409,442 | -€18,380 | -4.3% |
| Other financial income | 752/9 | €475,802 | €10,458 | -€465,344 | -97.8% |
| Financial charges | 65/66B | €37,281 | €908,003 | +€870,721 | +2,336% |
| Recurring financial charges | 65 | €37,281 | €908,003 | +€870,721 | +2,336% |
| Debt charges | 650 | €9,715 | €10,640 | +€926 | +9.5% |
| Other financial charges | 652/9 | €27,566 | €897,362 | +€869,796 | +3,155% |
| Profit (loss) for the period before taxes | 9903 | €7,463,490 | €5,218,773 | -€2.2m | -30.1% |
| Income taxes | 67/77 | €1,901,622 | €1,351,403 | -€550,219 | -28.9% |
| Taxes | 670/3 | €1,901,622 | €1,351,403 | -€550,219 | -28.9% |
| Profit (loss) for the period | 9904 | €5,561,869 | €3,867,370 | -€1.7m | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,561,869 | €3,867,370 | -€1.7m | -30.5% |
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 31 October 2026 via checked.be.