SBM INSURANCE: what changed
What changed
SBM INSURANCE
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€200,068
2024 · €74,625+€125,443
Equity
€493,143
2024 · €334,113+€159,030
Cash
€135,899
2024 · €76,835+€59,064
Balance sheet total
€1.1m
2024 · €518,456+€620,488
Largest movements
Assets
- Intangible fixed assets +€239,270
up €239,270 (+614%), from €39,000 to €278,270
- Receivables within one year +€198,189
up €198,189 (+130%), from €152,539 to €350,728
of which Other amounts receivable: +€201,410
- Deferred charges and accrued income +€95,261
up €95,261 (+54.9%), from €173,398 to €268,659
- Cash +€59,064
up €59,064 (+76.9%), from €76,835 to €135,899
mainly Other debts (+€220,936) and Net result for the year (+€200,068)
- Tangible fixed assets +€28,703
up €28,703 (+40.3%), from €71,184 to €99,887
of which Furniture and vehicles: +€17,909
Equity and liabilities
- Other debts +€220,936
up €220,936 (+26,415%), from €836 to €221,772
- Debts after one year +€167,047
up €167,047 (+299%), from €55,923 to €222,970
- Reserves +€157,583
up €157,583 (+8,472%), from €1,860 to €159,443
- Trade debts +€69,088
up €69,088 (+278%), from €24,860 to €93,948
- Short-term financial debts -€27,263
down €27,263 (-86.6%), from €31,463 to €4,200
Income statement
- Gross operating margin +€176,180
up €176,180 (+52.2%), from €337,607 to €513,786
- Depreciation +€62,140
up €62,140 (+99.7%), from €62,347 to €124,487
- Taxes -€5,150
down €5,150 (-13.5%), from €38,291 to €33,141
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
€74,625
Gross operating margin
+€176,180
Staff costs
-€4,421
Depreciation
-€62,140
Other operating charges
+€2,552
Other operating items
+€4,976
Financial income
-€182
Financial charges
+€3,329
Taxes
+€5,150
Result 2025
€200,068
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
+€331,337
Investment
-€392,460
Financing
+€120,187
Cash 2024
€76,835
From operations (derived)
+€331,337
Net result for the year
+€200,068
Depreciation
+€124,487
Receivables within one year
-€198,189
Deferred charges and accrued income
-€95,261
Trade debts
+€69,088
Tax, wage and social debts
+€10,208
Other debts
+€220,936
Investment (derived)
-€392,460
Investment in fixed assets (net)
-€392,460
Financing
+€120,187
Debts after one year
+€167,047
Current portion of long-term debt
+€21,441
Short-term financial debts
-€27,263
Contributions, distributions and other
-€41,038
Cash 2025
€135,899
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,456 | €1,138,944 | +€620,488 | +120% |
| Fixed assets | 21/28 | €110,184 | €378,157 | +€267,973 | +243% |
| Intangible fixed assets | 21 | €39,000 | €278,270 | +€239,270 | +614% |
| Tangible fixed assets | 22/27 | €71,184 | €99,887 | +€28,703 | +40.3% |
| Land and buildings | 22 | €17,746 | €16,815 | -€932 | -5.3% |
| Plant, machinery and equipment | 23 | €2,011 | €4,649 | +€2,638 | +131% |
| Furniture and vehicles | 24 | €51,426 | €69,335 | +€17,909 | +34.8% |
| Other tangible fixed assets | 26 | - | €9,088 | +€9,088 | |
| Current assets | 29/58 | €408,272 | €760,787 | +€352,515 | +86.3% |
| Amounts receivable after more than one year | 29 | €5,500 | €5,500 | = | 0.0% |
| Other amounts receivable | 291 | €5,500 | €5,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,539 | €350,728 | +€198,189 | +130% |
| Trade receivables | 40 | €47,070 | €43,848 | -€3,222 | -6.8% |
| Other amounts receivable | 41 | €105,469 | €306,880 | +€201,410 | +191% |
| Cash at bank and in hand | 54/58 | €76,835 | €135,899 | +€59,064 | +76.9% |
| Deferred charges and accrued income | 490/1 | €173,398 | €268,659 | +€95,261 | +54.9% |
| Total equity and liabilities | 10/49 | €518,456 | €1,138,944 | +€620,488 | +120% |
| Equity | 10/15 | €334,113 | €493,143 | +€159,030 | +47.6% |
| Contributions | 10/11 | €18,600 | €19,978 | +€1,378 | +7.4% |
| Reserves | 13 | €1,860 | €159,443 | +€157,583 | +8,472% |
| Distributable reserves | 133 | €1,860 | €159,443 | +€157,583 | +8,472% |
| Profit (loss) carried forward | 14 | €313,653 | €313,721 | +€68 | 0.0% |
| Amounts payable | 17/49 | €184,343 | €645,801 | +€461,458 | +250% |
| Amounts payable after more than one year | 17 | €55,923 | €222,970 | +€167,047 | +299% |
| Financial debts | 170/4 | €55,923 | €222,970 | +€167,047 | +299% |
| Amounts payable within one year | 42/48 | €128,184 | €422,594 | +€294,411 | +230% |
| Current portion of amounts payable after more than one year | 42 | €36,946 | €58,387 | +€21,441 | +58.0% |
| Financial debts | 43 | €31,463 | €4,200 | -€27,263 | -86.6% |
| Credit institutions | 430/8 | €31,463 | €4,200 | -€27,263 | -86.6% |
| Trade debts | 44 | €24,860 | €93,948 | +€69,088 | +278% |
| Suppliers | 440/4 | €24,860 | €93,948 | +€69,088 | +278% |
| Taxes, remuneration and social security | 45 | €34,078 | €44,287 | +€10,208 | +30.0% |
| Taxes | 450/3 | €19,277 | €21,462 | +€2,185 | +11.3% |
| Remuneration and social security | 454/9 | €14,801 | €22,825 | +€8,024 | +54.2% |
| Other amounts payable | 47/48 | €836 | €221,772 | +€220,936 | +26,415% |
| Accrued charges and deferred income | 492/3 | €237 | €237 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €134,552 | €138,974 | +€4,421 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,347 | €124,487 | +€62,140 | +99.7% |
| Other operating charges | 640/8 | €6,691 | €4,139 | -€2,552 | -38.1% |
| Non-recurring operating charges | 66A | €4,976 | €0 | -€4,976 | -100% |
| Gross operating margin | 9900 | €337,607 | €513,786 | +€176,180 | +52.2% |
| Operating profit (loss) | 9901 | €129,041 | €246,186 | +€117,146 | +90.8% |
| Financial income | 75/76B | €182 | €0 | -€182 | -100.0% |
| Recurring financial income | 75 | €182 | €0 | -€182 | -100.0% |
| Financial charges | 65/66B | €16,307 | €12,977 | -€3,329 | -20.4% |
| Recurring financial charges | 65 | €16,307 | €12,977 | -€3,329 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €112,916 | €233,209 | +€120,293 | +107% |
| Income taxes | 67/77 | €38,291 | €33,141 | -€5,150 | -13.5% |
| Profit (loss) for the period | 9904 | €74,625 | €200,068 | +€125,443 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €74,625 | €200,068 | +€125,443 | +168% |
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.