SEGURO VERZEKERINGEN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SEGURO VERZEKERINGEN
Largest movements
- Intangible fixed assets +€773,174
up €773,174 (+37.0%), from €2.1m to €2.9m
- Tangible fixed assets +€263,503
up €263,503 (+37,601%), from €701 to €264,203
of which Other tangible fixed assets: +€198,247
- Cash +€58,585
up €58,585 (+23.7%), from €247,167 to €305,753
mainly Debts after one year (+€722,602) and Net result for the year (+€268,320)
- Debts after one year +€722,602
up €722,602 (+66.4%), from €1.1m to €1.8m
of which Financial debts: +€722,602
- Trade debts +€119,717
up €119,717 (+16.6%), from €719,175 to €838,892
- Other debts +€117,094
up €117,094 (+64.7%), from €180,863 to €297,958
- Current portion of long-term debt +€101,462
up €101,462 (+44.0%), from €230,366 to €331,828
- Reserves +€48,320
up €48,320 (+345%), from €13,993 to €62,313
- Gross operating margin +€54,803
up €54,803 (+6.4%), from €860,110 to €914,913
- Staff costs -€54,734
down €54,734 (-10.1%), from €540,545 to €485,811
- Depreciation +€32,122
up €32,122 (+30.0%), from €107,114 to €139,236
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,372,231 | €3,437,988 | +€1.1m | +44.9% |
| Fixed assets | 21/28 | €2,091,218 | €3,127,894 | +€1.0m | +49.6% |
| Intangible fixed assets | 21 | €2,089,917 | €2,863,091 | +€773,174 | +37.0% |
| Tangible fixed assets | 22/27 | €701 | €264,203 | +€263,503 | +37,601% |
| Furniture and vehicles | 24 | €701 | €65,957 | +€65,256 | +9,312% |
| Other tangible fixed assets | 26 | - | €198,247 | +€198,247 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €281,013 | €310,094 | +€29,081 | +10.3% |
| Amounts receivable after more than one year | 29 | €32,126 | €0 | -€32,126 | -100% |
| Other amounts receivable | 291 | €32,126 | €0 | -€32,126 | -100% |
| Amounts receivable within one year | 40/41 | €369 | €0 | -€369 | -100% |
| Other amounts receivable | 41 | €369 | €0 | -€369 | -100% |
| Cash at bank and in hand | 54/58 | €247,167 | €305,753 | +€58,585 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,351 | €4,341 | +€2,991 | +221% |
| Total equity and liabilities | 10/49 | €2,372,231 | €3,437,988 | +€1.1m | +44.9% |
| Equity | 10/15 | €55,593 | €103,913 | +€48,320 | +86.9% |
| Contributions | 10/11 | €41,600 | €41,600 | = | 0.0% |
| Reserves | 13 | €13,993 | €62,313 | +€48,320 | +345% |
| Distributable reserves | 133 | €13,993 | €62,313 | +€48,320 | +345% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,316,638 | €3,334,075 | +€1.0m | +43.9% |
| Amounts payable after more than one year | 17 | €1,088,809 | €1,811,411 | +€722,602 | +66.4% |
| Financial debts | 170/4 | €1,048,809 | €1,771,411 | +€722,602 | +68.9% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,185,829 | €1,519,055 | +€333,225 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €230,366 | €331,828 | +€101,462 | +44.0% |
| Trade debts | 44 | €719,175 | €838,892 | +€119,717 | +16.6% |
| Suppliers | 440/4 | €719,175 | €838,892 | +€119,717 | +16.6% |
| Taxes, remuneration and social security | 45 | €55,425 | €50,377 | -€5,048 | -9.1% |
| Taxes | 450/3 | €0 | €763 | +€763 | |
| Remuneration and social security | 454/9 | €55,425 | €49,614 | -€5,810 | -10.5% |
| Other amounts payable | 47/48 | €180,863 | €297,958 | +€117,094 | +64.7% |
| Accrued charges and deferred income | 492/3 | €42,000 | €3,610 | -€38,390 | -91.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €540,545 | €485,811 | -€54,734 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,114 | €139,236 | +€32,122 | +30.0% |
| Other operating charges | 640/8 | €6,850 | €5,004 | -€1,845 | -26.9% |
| Gross operating margin | 9900 | €860,110 | €914,913 | +€54,803 | +6.4% |
| Operating profit (loss) | 9901 | €205,602 | €284,861 | +€79,259 | +38.5% |
| Financial income | 75/76B | €22,819 | €19,989 | -€2,830 | -12.4% |
| Recurring financial income | 75 | €22,819 | €19,989 | -€2,830 | -12.4% |
| Financial charges | 65/66B | €27,356 | €27,160 | -€195 | -0.7% |
| Recurring financial charges | 65 | €27,356 | €27,160 | -€195 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €201,065 | €277,690 | +€76,625 | +38.1% |
| Income taxes | 67/77 | €7,131 | €9,370 | +€2,239 | +31.4% |
| Profit (loss) for the period | 9904 | €193,934 | €268,320 | +€74,386 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,934 | €268,320 | +€74,386 | +38.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.