Patrice TIMMERS: what changed
What changed
Patrice TIMMERS
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€35,429
2024 · €25,535+€9,893
Equity
€96,121
2024 · €78,693+€17,429
Cash
€43,425
2024 · €23,268+€20,156
Balance sheet total
€113,449
2024 · €107,711+€5,738
Largest movements
Assets
- Cash +€20,156
up €20,156 (+86.6%), from €23,268 to €43,425
mainly Net result for the year (+€35,429) and Receivables after one year (+€14,000)
- Receivables after one year -€14,000
down €14,000 (-42.4%), from €33,000 to €19,000
- Receivables within one year -€1,934
down €1,934 (-100%), from €1,934 to €0
- Tangible fixed assets +€1,920
up €1,920 (+5.4%), from €35,876 to €37,796
Equity and liabilities
- Reserves +€17,429
up €17,429 (+25.5%), from €68,390 to €85,819
of which Distributable reserves: +€17,429
- Current portion of long-term debt -€10,840
down €10,840 (-83.3%), from €13,008 to €2,168
- Tax, wage and social debts +€3,001
up €3,001 (+34.7%), from €8,651 to €11,652
of which Taxes: +€2,914
- Debts after one year -€2,168
down €2,168 (-100%), from €2,168 to €0
- Trade debts -€1,202
down €1,202 (-32.7%), from €3,680 to €2,478
Income statement
- Gross operating margin +€11,819
up €11,819 (+16.7%), from €70,805 to €82,625
- Taxes +€3,358
up €3,358 (+30.0%), from €11,206 to €14,564
- Depreciation -€1,699
down €1,699 (-31.3%), from €5,433 to €3,735
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
€25,535
Gross operating margin
+€11,819
Staff costs
-€648
Depreciation
+€1,699
Other operating charges
-€4
Financial income
-€214
Financial charges
+€599
Taxes
-€3,358
Result 2025
€35,429
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
+€56,820
Investment
-€5,655
Financing
-€31,008
Cash 2024
€23,268
From operations (derived)
+€56,820
Net result for the year
+€35,429
Depreciation
+€3,735
Receivables after one year
+€14,000
Receivables within one year
+€1,934
Deferred charges and accrued income
+€404
Trade debts
-€1,202
Tax, wage and social debts
+€3,001
Other debts
+€78
Accrued charges and deferred income
-€559
Investment (derived)
-€5,655
Investment in fixed assets (net)
-€5,655
Financing
-€31,008
Debts after one year
-€2,168
Current portion of long-term debt
-€10,840
Contributions, distributions and other
-€18,000
Cash 2025
€43,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,711 | €113,449 | +€5,738 | +5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,876 | €37,796 | +€1,920 | +5.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €35,876 | €37,796 | +€1,920 | +5.4% |
| Land and buildings | 22 | €35,876 | €36,158 | +€282 | +0.8% |
| Plant, machinery and equipment | 23 | €0 | €778 | +€778 | |
| Furniture and vehicles | 24 | €0 | €860 | +€860 | |
| Current assets | 29/58 | €71,835 | €75,653 | +€3,818 | +5.3% |
| Amounts receivable after more than one year | 29 | €33,000 | €19,000 | -€14,000 | -42.4% |
| Other amounts receivable | 291 | €33,000 | €19,000 | -€14,000 | -42.4% |
| Amounts receivable within one year | 40/41 | €1,934 | €0 | -€1,934 | -100% |
| Other amounts receivable | 41 | €1,934 | €0 | -€1,934 | -100% |
| Cash at bank and in hand | 54/58 | €23,268 | €43,425 | +€20,156 | +86.6% |
| Deferred charges and accrued income | 490/1 | €13,633 | €13,228 | -€404 | -3.0% |
| Total equity and liabilities | 10/49 | €107,711 | €113,449 | +€5,738 | +5.3% |
| Equity | 10/15 | €78,693 | €96,121 | +€17,429 | +22.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €68,390 | €85,819 | +€17,429 | +25.5% |
| Tax-exempt reserves | 132 | €6,600 | €6,600 | = | 0.0% |
| Distributable reserves | 133 | €61,790 | €79,219 | +€17,429 | +28.2% |
| Profit (loss) carried forward | 14 | -€10,158 | -€10,158 | = | 0.0% |
| Amounts payable | 17/49 | €29,019 | €17,328 | -€11,691 | -40.3% |
| Amounts payable after more than one year | 17 | €2,168 | €0 | -€2,168 | -100% |
| Financial debts | 170/4 | €2,168 | €0 | -€2,168 | -100% |
| Amounts payable within one year | 42/48 | €25,880 | €16,916 | -€8,964 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €13,008 | €2,168 | -€10,840 | -83.3% |
| Trade debts | 44 | €3,680 | €2,478 | -€1,202 | -32.7% |
| Suppliers | 440/4 | €3,680 | €2,478 | -€1,202 | -32.7% |
| Taxes, remuneration and social security | 45 | €8,651 | €11,652 | +€3,001 | +34.7% |
| Taxes | 450/3 | €5,192 | €8,107 | +€2,914 | +56.1% |
| Remuneration and social security | 454/9 | €3,458 | €3,545 | +€87 | +2.5% |
| Other amounts payable | 47/48 | €540 | €618 | +€78 | +14.4% |
| Accrued charges and deferred income | 492/3 | €971 | €412 | -€559 | -57.6% |
| Remuneration, social security and pensions | 62 | €24,348 | €24,996 | +€648 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,433 | €3,735 | -€1,699 | -31.3% |
| Other operating charges | 640/8 | €3,072 | €3,076 | +€4 | +0.1% |
| Gross operating margin | 9900 | €70,805 | €82,625 | +€11,819 | +16.7% |
| Operating profit (loss) | 9901 | €37,952 | €50,818 | +€12,866 | +33.9% |
| Financial income | 75/76B | €879 | €665 | -€214 | -24.4% |
| Recurring financial income | 75 | €879 | €665 | -€214 | -24.4% |
| Financial charges | 65/66B | €2,090 | €1,490 | -€599 | -28.7% |
| Recurring financial charges | 65 | €2,090 | €1,490 | -€599 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €36,742 | €49,993 | +€13,251 | +36.1% |
| Income taxes | 67/77 | €11,206 | €14,564 | +€3,358 | +30.0% |
| Profit (loss) for the period | 9904 | €25,535 | €35,429 | +€9,893 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,535 | €35,429 | +€9,893 | +38.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.