Mastrogiacomo Assurances: what changed
What changed
Mastrogiacomo Assurances
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€202,348
2024 · €136,013+€66,336
Equity
€293,043
2024 · €190,695+€102,348
Cash
€284,352
2024 · €262,408+€21,944
Balance sheet total
€727,616
2024 · €755,194-€27,578
Largest movements
Assets
- Intangible fixed assets -€70,000
down €70,000 (-20.0%), from €350,000 to €280,000
- Current investments +€37,686
new in 2025: €37,686
- Tangible fixed assets -€22,411
down €22,411 (-31.6%), from €70,975 to €48,564
of which Furniture and vehicles: -€18,093
- Cash +€21,944
up €21,944 (+8.4%), from €262,408 to €284,352
mainly Net result for the year (+€202,348) and Depreciation (+€96,689)
Equity and liabilities
- Profit (loss) carried forward +€102,348
up €102,348 (+59.5%), from €172,095 to €274,443
- Debts after one year -€85,727
down €85,727 (-26.2%), from €327,403 to €241,676
- Other debts -€42,561
down €42,561 (-29.7%), from €143,445 to €100,884
Income statement
- Gross operating margin +€116,190
up €116,190 (+28.8%), from €403,218 to €519,408
- Taxes +€78,986
up €78,986 (+316%), from €25,020 to €104,006
- Staff costs -€14,484
down €14,484 (-11.7%), from €123,891 to €109,406
- Financial charges -€6,085
down €6,085 (-45.7%), from €13,308 to €7,224
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
€136,013
Gross operating margin
+€116,190
Staff costs
+€14,484
Depreciation
+€2,551
Other operating charges
+€201
Other operating items
+€4,886
Financial income
+€925
Financial charges
+€6,085
Taxes
-€78,986
Result 2025
€202,348
raises the resultlowers the resultnot broken down further in the accounts
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
+€247,173
Investment
-€41,964
Financing
-€183,265
Cash 2024
€262,408
From operations (derived)
+€247,173
Net result for the year
+€202,348
Depreciation
+€96,689
Receivables within one year
-€1,067
Deferred charges and accrued income
-€4,136
Trade debts
-€2,611
Other debts
-€42,561
Accrued charges and deferred income
-€1,489
Investment (derived)
-€41,964
Investment in fixed assets (net)
-€4,278
Current investments
-€37,686
Financing
-€183,265
Debts after one year
-€85,727
Current portion of long-term debt
+€2,462
Contributions, distributions and other
-€100,000
Cash 2025
€284,352
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €755,194 | €727,616 | -€27,578 | -3.7% |
| Fixed assets | 21/28 | €421,280 | €328,869 | -€92,411 | -21.9% |
| Intangible fixed assets | 21 | €350,000 | €280,000 | -€70,000 | -20.0% |
| Tangible fixed assets | 22/27 | €70,975 | €48,564 | -€22,411 | -31.6% |
| Furniture and vehicles | 24 | €52,550 | €34,457 | -€18,093 | -34.4% |
| Other tangible fixed assets | 26 | €18,425 | €14,107 | -€4,318 | -23.4% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €333,914 | €398,747 | +€64,833 | +19.4% |
| Amounts receivable within one year | 40/41 | - | €1,067 | +€1,067 | |
| Trade receivables | 40 | - | €1,067 | +€1,067 | |
| Current investments | 50/53 | - | €37,686 | +€37,686 | |
| Cash at bank and in hand | 54/58 | €262,408 | €284,352 | +€21,944 | +8.4% |
| Deferred charges and accrued income | 490/1 | €71,506 | €75,642 | +€4,136 | +5.8% |
| Total equity and liabilities | 10/49 | €755,194 | €727,616 | -€27,578 | -3.7% |
| Equity | 10/15 | €190,695 | €293,043 | +€102,348 | +53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,095 | €274,443 | +€102,348 | +59.5% |
| Amounts payable | 17/49 | €564,499 | €434,572 | -€129,927 | -23.0% |
| Amounts payable after more than one year | 17 | €327,403 | €241,676 | -€85,727 | -26.2% |
| Financial debts | 170/4 | €327,403 | €241,676 | -€85,727 | -26.2% |
| Amounts payable within one year | 42/48 | €235,607 | €192,897 | -€42,710 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €89,550 | €92,012 | +€2,462 | +2.7% |
| Trade debts | 44 | €2,611 | €0 | -€2,611 | -100% |
| Suppliers | 440/4 | €2,611 | €0 | -€2,611 | -100% |
| Other amounts payable | 47/48 | €143,445 | €100,884 | -€42,561 | -29.7% |
| Accrued charges and deferred income | 492/3 | €1,489 | - | -€1,489 | |
| Remuneration, social security and pensions | 62 | €123,891 | €109,406 | -€14,484 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,239 | €96,689 | -€2,551 | -2.6% |
| Other operating charges | 640/8 | €3,128 | €2,927 | -€201 | -6.4% |
| Non-recurring operating charges | 66A | €4,886 | - | -€4,886 | |
| Gross operating margin | 9900 | €403,218 | €519,408 | +€116,190 | +28.8% |
| Operating profit (loss) | 9901 | €172,073 | €310,386 | +€138,312 | +80.4% |
| Financial income | 75/76B | €2,267 | €3,192 | +€925 | +40.8% |
| Recurring financial income | 75 | €2,267 | €3,192 | +€925 | +40.8% |
| Financial charges | 65/66B | €13,308 | €7,224 | -€6,085 | -45.7% |
| Recurring financial charges | 65 | €13,308 | €7,224 | -€6,085 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €161,032 | €306,354 | +€145,322 | +90.2% |
| Income taxes | 67/77 | €25,020 | €104,006 | +€78,986 | +316% |
| Profit (loss) for the period | 9904 | €136,013 | €202,348 | +€66,336 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €136,013 | €202,348 | +€66,336 | +48.8% |
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.