KORAAL INSURE: what changed
What changed
KORAAL INSURE
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€125,602
2024 · €30,449+€95,153
Equity
€310,056
2024 · €304,454+€5,602
Cash
€42,610
2024 · €26,975+€15,636
Balance sheet total
€1.0m
2024 · €1.0m-€28,398
Largest movements
Assets
- Intangible fixed assets -€82,767
down €82,767 (-11.2%), from €736,997 to €654,230
- Deferred charges and accrued income +€41,823
up €41,823 (+71.1%), from €58,849 to €100,672
- Cash +€15,636
up €15,636 (+58.0%), from €26,975 to €42,610
mainly Net result for the year (+€125,602) and Depreciation (+€99,677)
- Tangible fixed assets -€11,948
down €11,948 (-23.7%), from €50,365 to €38,417
of which Furniture and vehicles: -€14,656
Equity and liabilities
- Debts after one year -€138,766
down €138,766 (-30.2%), from €459,928 to €321,162
- Other debts +€85,827
up €85,827 (+144%), from €59,504 to €145,330
- Trade debts +€12,989
up €12,989 (+22.2%), from €58,526 to €71,516
Income statement
- Gross operating margin +€122,478
up €122,478 (+46.5%), from €263,123 to €385,601
- Depreciation +€11,756
up €11,756 (+13.4%), from €87,921 to €99,677
- Staff costs +€9,095
up €9,095 (+7.7%), from €117,404 to €126,499
- Taxes +€6,112
up €6,112 (+1,340%), from €456 to €6,568
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,449
Gross operating margin
+€122,478
Staff costs
-€9,095
Depreciation
-€11,756
Other operating charges
-€259
Financial charges
-€103
Taxes
-€6,112
Result 2025
€125,602
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€278,589
Investment
-€4,963
Financing
-€257,991
Cash 2024
€26,975
From operations (derived)
+€278,589
Net result for the year
+€125,602
Depreciation
+€99,677
Receivables within one year
-€8,858
Deferred charges and accrued income
-€41,823
Trade debts
+€12,989
Tax, wage and social debts
+€5,174
Other debts
+€85,827
Investment (derived)
-€4,963
Investment in fixed assets (net)
-€4,963
Financing
-€257,991
Debts after one year
-€138,766
Current portion of long-term debt
+€885
Short-term financial debts
-€110
Contributions, distributions and other
-€120,000
Cash 2025
€42,610
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,034,328 | €1,005,930 | -€28,398 | -2.7% |
| Fixed assets | 21/28 | €787,362 | €692,648 | -€94,714 | -12.0% |
| Intangible fixed assets | 21 | €736,997 | €654,230 | -€82,767 | -11.2% |
| Tangible fixed assets | 22/27 | €50,365 | €38,417 | -€11,948 | -23.7% |
| Land and buildings | 22 | €245 | €245 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,708 | +€2,708 | |
| Furniture and vehicles | 24 | €50,120 | €35,464 | -€14,656 | -29.2% |
| Current assets | 29/58 | €246,966 | €313,282 | +€66,316 | +26.9% |
| Amounts receivable within one year | 40/41 | €161,142 | €170,000 | +€8,858 | +5.5% |
| Trade receivables | 40 | €327 | €0 | -€327 | -100% |
| Other amounts receivable | 41 | €160,815 | €170,000 | +€9,185 | +5.7% |
| Cash at bank and in hand | 54/58 | €26,975 | €42,610 | +€15,636 | +58.0% |
| Deferred charges and accrued income | 490/1 | €58,849 | €100,672 | +€41,823 | +71.1% |
| Total equity and liabilities | 10/49 | €1,034,328 | €1,005,930 | -€28,398 | -2.7% |
| Equity | 10/15 | €304,454 | €310,056 | +€5,602 | +1.8% |
| Contributions | 10/11 | €58,390 | €58,390 | = | 0.0% |
| Reserves | 13 | €246,064 | €251,666 | +€5,602 | +2.3% |
| Distributable reserves | 133 | €246,064 | €251,666 | +€5,602 | +2.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €729,874 | €695,874 | -€34,000 | -4.7% |
| Amounts payable after more than one year | 17 | €459,928 | €321,162 | -€138,766 | -30.2% |
| Financial debts | 170/4 | €459,928 | €321,162 | -€138,766 | -30.2% |
| Amounts payable within one year | 42/48 | €269,946 | €374,712 | +€104,766 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €137,881 | €138,766 | +€885 | +0.6% |
| Financial debts | 43 | €110 | €0 | -€110 | -100% |
| Credit institutions | 430/8 | €110 | €0 | -€110 | -100% |
| Trade debts | 44 | €58,526 | €71,516 | +€12,989 | +22.2% |
| Suppliers | 440/4 | €58,526 | €71,516 | +€12,989 | +22.2% |
| Taxes, remuneration and social security | 45 | €13,925 | €19,100 | +€5,174 | +37.2% |
| Taxes | 450/3 | €456 | €6,568 | +€6,112 | +1,340% |
| Remuneration and social security | 454/9 | €13,469 | €12,532 | -€938 | -7.0% |
| Other amounts payable | 47/48 | €59,504 | €145,330 | +€85,827 | +144% |
| Remuneration, social security and pensions | 62 | €117,404 | €126,499 | +€9,095 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,921 | €99,677 | +€11,756 | +13.4% |
| Other operating charges | 640/8 | €5,832 | €6,091 | +€259 | +4.4% |
| Gross operating margin | 9900 | €263,123 | €385,601 | +€122,478 | +46.5% |
| Operating profit (loss) | 9901 | €51,966 | €153,334 | +€101,368 | +195% |
| Financial charges | 65/66B | €21,061 | €21,164 | +€103 | +0.5% |
| Recurring financial charges | 65 | €21,061 | €21,164 | +€103 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €30,905 | €132,170 | +€101,265 | +328% |
| Income taxes | 67/77 | €456 | €6,568 | +€6,112 | +1,340% |
| Profit (loss) for the period | 9904 | €30,449 | €125,602 | +€95,153 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €30,449 | €125,602 | +€95,153 | +312% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.