T&VB Verzekeringen: what changed
What changed
T&VB Verzekeringen
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€35,653
2024 · €12,225+€23,427
Equity
€289,714
2024 · €254,062+€35,653
Cash
€15,435
2024 · €14,270+€1,165
Balance sheet total
€496,423
2024 · €654,114-€157,691
Largest movements
Assets
- Deferred charges and accrued income -€194,210
no longer reported in 2025 (was €194,210)
- Receivables after one year +€113,000
new in 2025: €113,000
- Receivables within one year -€66,561
down €66,561 (-57.7%), from €115,259 to €48,698
- Tangible fixed assets -€11,085
down €11,085 (-3.5%), from €317,376 to €306,291
of which Land and buildings: -€9,763
Equity and liabilities
- Other debts -€192,645
no longer reported in 2025 (was €192,645)
- Reserves +€35,653
up €35,653 (+14.2%), from €251,562 to €287,214
- Current portion of long-term debt +€15,998
up €15,998 (+144%), from €11,098 to €27,096
- Debts after one year -€11,596
down €11,596 (-6.2%), from €187,297 to €175,701
Income statement
- Gross operating margin +€29,411
up €29,411 (+74.7%), from €39,389 to €68,799
- Taxes +€6,087
up €6,087 (+114%), from €5,361 to €11,448
- Financial income -€833
no longer reported in 2025 (was €833)
- Financial charges -€777
down €777 (-7.5%), from €10,386 to €9,609
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
€12,225
Gross operating margin
+€29,411
Depreciation
+€575
Other operating charges
-€416
Financial income
-€833
Financial charges
+€777
Taxes
-€6,087
Result 2025
€35,653
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
-€3,237
Investment
€0
Financing
+€4,402
Cash 2024
€14,270
From operations (derived)
-€3,237
Net result for the year
+€35,653
Depreciation
+€11,085
Receivables after one year
-€113,000
Receivables within one year
+€66,561
Deferred charges and accrued income
+€194,210
Trade debts
-€4,843
Smaller working-capital items
-€258
Other debts
-€192,645
Financing
+€4,402
Debts after one year
-€11,596
Current portion of long-term debt
+€15,998
Cash 2025
€15,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,114 | €496,423 | -€157,691 | -24.1% |
| Fixed assets | 21/28 | €317,376 | €306,291 | -€11,085 | -3.5% |
| Tangible fixed assets | 22/27 | €317,376 | €306,291 | -€11,085 | -3.5% |
| Land and buildings | 22 | €314,599 | €304,835 | -€9,763 | -3.1% |
| Plant, machinery and equipment | 23 | €1,538 | €994 | -€544 | -35.4% |
| Furniture and vehicles | 24 | €1,239 | €461 | -€777 | -62.7% |
| Current assets | 29/58 | €336,739 | €190,132 | -€146,606 | -43.5% |
| Amounts receivable after more than one year | 29 | - | €113,000 | +€113,000 | |
| Other amounts receivable | 291 | - | €113,000 | +€113,000 | |
| Amounts receivable within one year | 40/41 | €115,259 | €48,698 | -€66,561 | -57.7% |
| Other amounts receivable | 41 | €115,259 | €48,698 | -€66,561 | -57.7% |
| Current investments | 50/53 | €13,000 | €13,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,270 | €15,435 | +€1,165 | +8.2% |
| Deferred charges and accrued income | 490/1 | €194,210 | - | -€194,210 | |
| Total equity and liabilities | 10/49 | €654,114 | €496,423 | -€157,691 | -24.1% |
| Equity | 10/15 | €254,062 | €289,714 | +€35,653 | +14.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €251,562 | €287,214 | +€35,653 | +14.2% |
| Distributable reserves | 133 | €251,562 | €287,214 | +€35,653 | +14.2% |
| Amounts payable | 17/49 | €400,053 | €206,709 | -€193,344 | -48.3% |
| Amounts payable after more than one year | 17 | €187,297 | €175,701 | -€11,596 | -6.2% |
| Financial debts | 170/4 | €187,297 | €175,701 | -€11,596 | -6.2% |
| Amounts payable within one year | 42/48 | €211,097 | €29,351 | -€181,746 | -86.1% |
| Current portion of amounts payable after more than one year | 42 | €11,098 | €27,096 | +€15,998 | +144% |
| Trade debts | 44 | €5,115 | €272 | -€4,843 | -94.7% |
| Suppliers | 440/4 | €5,115 | €272 | -€4,843 | -94.7% |
| Taxes, remuneration and social security | 45 | €2,239 | €1,983 | -€257 | -11.5% |
| Taxes | 450/3 | €2,239 | €1,983 | -€257 | -11.5% |
| Other amounts payable | 47/48 | €192,645 | - | -€192,645 | |
| Accrued charges and deferred income | 492/3 | €1,658 | €1,657 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,660 | €11,085 | -€575 | -4.9% |
| Other operating charges | 640/8 | €589 | €1,006 | +€416 | +70.7% |
| Gross operating margin | 9900 | €39,389 | €68,799 | +€29,411 | +74.7% |
| Operating profit (loss) | 9901 | €27,139 | €56,709 | +€29,569 | +109% |
| Financial income | 75/76B | €833 | - | -€833 | |
| Recurring financial income | 75 | €833 | - | -€833 | |
| Financial charges | 65/66B | €10,386 | €9,609 | -€777 | -7.5% |
| Recurring financial charges | 65 | €10,386 | €9,609 | -€777 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €17,586 | €47,100 | +€29,514 | +168% |
| Income taxes | 67/77 | €5,361 | €11,448 | +€6,087 | +114% |
| Profit (loss) for the period | 9904 | €12,225 | €35,653 | +€23,427 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €12,225 | €35,653 | +€23,427 | +192% |
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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.