LINK2: what changed
What changed
LINK2
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€16,808
2024 · €39,196-€22,388
Equity
€764,071
2024 · €747,263+€16,808
Cash
€96,046
2024 · €54,417+€41,629
Balance sheet total
€885,586
2024 · €885,605-€19
Largest movements
Assets
- Cash +€41,629
up €41,629 (+76.5%), from €54,417 to €96,046
mainly Depreciation (+€45,456) and Current investments (+€39,529)
- Current investments -€39,529
down €39,529 (-19.8%), from €200,000 to €160,471
Equity and liabilities
- Reserves +€16,020
up €16,020 (+2.2%), from €727,247 to €743,267
of which Distributable reserves: +€27,000
- Trade debts -€9,776
down €9,776 (-82.9%), from €11,800 to €2,023
Income statement
- Gross operating margin -€27,645
down €27,645 (-26.6%), from €103,927 to €76,282
- Taxes -€10,670
down €10,670 (-44.4%), from €24,007 to €13,337
- Depreciation +€3,928
up €3,928 (+9.5%), from €41,529 to €45,456
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
€39,196
Gross operating margin
-€27,645
Depreciation
-€3,928
Other operating charges
-€652
Financial income
-€235
Financial charges
-€598
Taxes
+€10,670
Result 2025
€16,808
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
+€44,639
Investment
-€3,010
Financing
€0
Cash 2024
€54,417
From operations (derived)
+€44,639
Net result for the year
+€16,808
Depreciation
+€45,456
Receivables within one year
-€942
Deferred charges and accrued income
+€143
Provisions
-€3,660
Trade debts
-€9,776
Tax, wage and social debts
-€2,319
Other debts
-€1,072
Investment (derived)
-€3,010
Investment in fixed assets (net)
-€42,538
Current investments
+€39,529
Cash 2025
€96,046
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €885,605 | €885,586 | -€19 | 0.0% |
| Fixed assets | 21/28 | €622,095 | €619,177 | -€2,918 | -0.5% |
| Tangible fixed assets | 22/27 | €622,095 | €619,177 | -€2,918 | -0.5% |
| Land and buildings | 22 | €561,956 | €565,618 | +€3,662 | +0.7% |
| Plant, machinery and equipment | 23 | €5,192 | €14,284 | +€9,092 | +175% |
| Furniture and vehicles | 24 | €54,947 | €39,275 | -€15,672 | -28.5% |
| Current assets | 29/58 | €263,510 | €266,409 | +€2,900 | +1.1% |
| Amounts receivable within one year | 40/41 | €7,071 | €8,012 | +€942 | +13.3% |
| Trade receivables | 40 | €4,468 | €2,350 | -€2,118 | -47.4% |
| Other amounts receivable | 41 | €2,603 | €5,662 | +€3,059 | +118% |
| Current investments | 50/53 | €200,000 | €160,471 | -€39,529 | -19.8% |
| Cash at bank and in hand | 54/58 | €54,417 | €96,046 | +€41,629 | +76.5% |
| Deferred charges and accrued income | 490/1 | €2,022 | €1,880 | -€143 | -7.0% |
| Total equity and liabilities | 10/49 | €885,605 | €885,586 | -€19 | 0.0% |
| Equity | 10/15 | €747,263 | €764,071 | +€16,808 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €727,247 | €743,267 | +€16,020 | +2.2% |
| Tax-exempt reserves | 132 | €241,247 | €230,267 | -€10,980 | -4.6% |
| Distributable reserves | 133 | €486,000 | €513,000 | +€27,000 | +5.6% |
| Profit (loss) carried forward | 14 | €17 | €804 | +€788 | +4,716% |
| Provisions and deferred taxes | 16 | €80,416 | €76,756 | -€3,660 | -4.6% |
| Deferred taxes | 168 | €80,416 | €76,756 | -€3,660 | -4.6% |
| Amounts payable | 17/49 | €57,926 | €44,759 | -€13,167 | -22.7% |
| Amounts payable after more than one year | 17 | €34,500 | €34,500 | = | 0.0% |
| Financial debts | 170/4 | €34,500 | €34,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,426 | €10,259 | -€13,167 | -56.2% |
| Trade debts | 44 | €11,800 | €2,023 | -€9,776 | -82.9% |
| Suppliers | 440/4 | €11,800 | €2,023 | -€9,776 | -82.9% |
| Taxes, remuneration and social security | 45 | €5,939 | €3,620 | -€2,319 | -39.0% |
| Taxes | 450/3 | €5,939 | €3,620 | -€2,319 | -39.0% |
| Other amounts payable | 47/48 | €5,688 | €4,616 | -€1,072 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,529 | €45,456 | +€3,928 | +9.5% |
| Other operating charges | 640/8 | €4,599 | €5,251 | +€652 | +14.2% |
| Gross operating margin | 9900 | €103,927 | €76,282 | -€27,645 | -26.6% |
| Operating profit (loss) | 9901 | €57,799 | €25,575 | -€32,224 | -55.8% |
| Financial income | 75/76B | €4,566 | €4,331 | -€235 | -5.2% |
| Recurring financial income | 75 | €4,566 | €4,331 | -€235 | -5.2% |
| Financial charges | 65/66B | €2,823 | €3,421 | +€598 | +21.2% |
| Recurring financial charges | 65 | €2,823 | €3,421 | +€598 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €59,543 | €26,485 | -€33,058 | -55.5% |
| Transfer from deferred taxes | 780 | €3,660 | €3,660 | = | 0.0% |
| Income taxes | 67/77 | €24,007 | €13,337 | -€10,670 | -44.4% |
| Profit (loss) for the period | 9904 | €39,196 | €16,808 | -€22,388 | -57.1% |
| Transfer from tax-exempt reserves | 789 | €10,980 | €10,980 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,175 | €27,788 | -€22,388 | -44.6% |
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 8 November 2026 via checked.be.