TEN POLDER: what changed
What changed
TEN POLDER
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€128,717
2024 · €151,094-€22,378
Equity
€1.7m
2024 · €1.6m+€128,717
Cash
€28,555
2024 · €342,177-€313,621
Balance sheet total
€4.4m
2024 · €4.4m-€3,932
Largest movements
Assets
- Current investments +€377,464
up €377,464 (+152%), from €248,845 to €626,309
- Cash -€313,621
down €313,621 (-91.7%), from €342,177 to €28,555
mainly Current investments (-€377,464) and Debts after one year (-€143,428)
- Tangible fixed assets -€72,253
down €72,253 (-2.1%), from €3.5m to €3.4m
of which Land and buildings: -€140,172
Equity and liabilities
- Debts after one year -€143,428
down €143,428 (-16.9%), from €850,934 to €707,506
- Profit (loss) carried forward +€106,708
up €106,708, from -€19,171 to €87,537
- Other debts +€63,253
up €63,253 (+4.3%), from €1.5m to €1.5m
Income statement
- Depreciation +€15,849
up €15,849 (+9.9%), from €159,729 to €175,578
- Gross operating margin +€11,372
up €11,372 (+2.6%), from €436,132 to €447,504
- Taxes +€6,227
up €6,227 (+13.0%), from €48,059 to €54,285
- Financial income -€5,808
down €5,808 (-28.1%), from €20,699 to €14,891
- Financial charges +€5,264
up €5,264 (+7.5%), from €70,355 to €75,619
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
€151,094
Gross operating margin
+€11,372
Depreciation
-€15,849
Other operating charges
-€601
Financial income
-€5,808
Financial charges
-€5,264
Taxes
-€6,227
Result 2025
€128,717
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
+€308,886
Investment
-€480,790
Financing
-€141,718
Cash 2024
€342,177
From operations (derived)
+€308,886
Net result for the year
+€128,717
Depreciation
+€175,578
Smaller working-capital items
-€1,287
Deferred charges and accrued income
-€4,090
Provisions
-€13,699
Tax, wage and social debts
-€40,577
Other debts
+€63,253
Accrued charges and deferred income
+€992
Investment (derived)
-€480,790
Investment in fixed assets (net)
-€103,325
Current investments
-€377,464
Financing
-€141,718
Debts after one year
-€143,428
Current portion of long-term debt
+€1,710
Cash 2025
€28,555
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,363,093 | €4,359,162 | -€3,932 | -0.1% |
| Fixed assets | 21/28 | €3,521,414 | €3,449,161 | -€72,253 | -2.1% |
| Tangible fixed assets | 22/27 | €3,518,540 | €3,446,288 | -€72,253 | -2.1% |
| Land and buildings | 22 | €3,412,395 | €3,272,223 | -€140,172 | -4.1% |
| Plant, machinery and equipment | 23 | €1,248 | €151 | -€1,097 | -87.9% |
| Furniture and vehicles | 24 | €59,058 | €121,974 | +€62,917 | +107% |
| Other tangible fixed assets | 26 | €45,840 | €51,940 | +€6,100 | +13.3% |
| Financial fixed assets | 28 | €2,874 | €2,874 | = | 0.0% |
| Current assets | 29/58 | €841,679 | €910,000 | +€68,321 | +8.1% |
| Amounts receivable within one year | 40/41 | €243,365 | €243,753 | +€388 | +0.2% |
| Trade receivables | 40 | €23,365 | €9,691 | -€13,674 | -58.5% |
| Other amounts receivable | 41 | €220,000 | €234,062 | +€14,062 | +6.4% |
| Current investments | 50/53 | €248,845 | €626,309 | +€377,464 | +152% |
| Cash at bank and in hand | 54/58 | €342,177 | €28,555 | -€313,621 | -91.7% |
| Deferred charges and accrued income | 490/1 | €7,293 | €11,383 | +€4,090 | +56.1% |
| Total equity and liabilities | 10/49 | €4,363,093 | €4,359,162 | -€3,932 | -0.1% |
| Equity | 10/15 | €1,593,494 | €1,722,210 | +€128,717 | +8.1% |
| Contributions | 10/11 | €705,479 | €705,479 | = | 0.0% |
| Reserves | 13 | €907,186 | €929,195 | +€22,009 | +2.4% |
| Tax-exempt reserves | 132 | €693,159 | €715,168 | +€22,009 | +3.2% |
| Distributable reserves | 133 | €214,027 | €214,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,171 | €87,537 | +€106,708 | |
| Provisions and deferred taxes | 16 | €230,807 | €217,107 | -€13,699 | -5.9% |
| Deferred taxes | 168 | €230,807 | €217,107 | -€13,699 | -5.9% |
| Amounts payable | 17/49 | €2,538,793 | €2,419,844 | -€118,949 | -4.7% |
| Amounts payable after more than one year | 17 | €850,934 | €707,506 | -€143,428 | -16.9% |
| Financial debts | 170/4 | €850,934 | €707,506 | -€143,428 | -16.9% |
| Amounts payable within one year | 42/48 | €1,685,769 | €1,709,257 | +€23,488 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €141,718 | €143,428 | +€1,710 | +1.2% |
| Trade debts | 44 | €3,181 | €2,283 | -€898 | -28.2% |
| Suppliers | 440/4 | €3,181 | €2,283 | -€898 | -28.2% |
| Taxes, remuneration and social security | 45 | €59,700 | €19,123 | -€40,577 | -68.0% |
| Taxes | 450/3 | €59,700 | €19,123 | -€40,577 | -68.0% |
| Other amounts payable | 47/48 | €1,481,170 | €1,544,423 | +€63,253 | +4.3% |
| Accrued charges and deferred income | 492/3 | €2,090 | €3,082 | +€992 | +47.4% |
| Non-recurring operating income | 76A | €7,500 | €29,500 | +€22,000 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,729 | €175,578 | +€15,849 | +9.9% |
| Other operating charges | 640/8 | €41,294 | €41,895 | +€601 | +1.5% |
| Gross operating margin | 9900 | €436,132 | €447,504 | +€11,372 | +2.6% |
| Operating profit (loss) | 9901 | €235,110 | €230,031 | -€5,078 | -2.2% |
| Financial income | 75/76B | €20,699 | €14,891 | -€5,808 | -28.1% |
| Recurring financial income | 75 | €20,699 | €14,891 | -€5,808 | -28.1% |
| Financial charges | 65/66B | €70,355 | €75,619 | +€5,264 | +7.5% |
| Recurring financial charges | 65 | €70,355 | €75,619 | +€5,264 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €185,454 | €169,303 | -€16,151 | -8.7% |
| Transfer from deferred taxes | 780 | €13,699 | €13,699 | = | 0.0% |
| Income taxes | 67/77 | €48,059 | €54,285 | +€6,227 | +13.0% |
| Profit (loss) for the period | 9904 | €151,094 | €128,717 | -€22,378 | -14.8% |
| Transfer from tax-exempt reserves | 789 | €41,141 | €41,141 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €192,235 | €106,708 | -€85,528 | -44.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.