THIBO VERZEKERINGEN: what changed
What changed
THIBO VERZEKERINGEN
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€103,443
2024 · €79,579+€23,864
Equity
€358,829
2024 · €270,328+€88,501
Cash
€9,262
2024 · €116,155-€106,893
Balance sheet total
€374,814
2024 · €304,362+€70,452
Largest movements
Assets
- Receivables after one year +€169,246
new in 2025: €169,246
- Cash -€106,893
down €106,893 (-92.0%), from €116,155 to €9,262
mainly Receivables after one year (-€169,246) and Investment in fixed assets (net) (-€63,729)
- Tangible fixed assets +€38,557
up €38,557 (+73.6%), from €52,421 to €90,978
of which Furniture and vehicles: +€40,484
- Intangible fixed assets -€29,200
down €29,200 (-27.5%), from €106,203 to €77,003
Equity and liabilities
- Reserves +€88,501
up €88,501 (+35.2%), from €251,728 to €340,229
- Current portion of long-term debt -€31,576
down €31,576 (-100%), from €31,576 to €0
- Tax, wage and social debts +€13,032
new in 2025: €13,032
of which Taxes: +€11,659
Income statement
- Gross operating margin +€59,332
up €59,332 (+36.9%), from €160,803 to €220,135
- Staff costs +€13,646
new in 2025: €13,646
- Taxes +€12,158
up €12,158 (+34.6%), from €35,177 to €47,335
- Depreciation +€8,204
up €8,204 (+17.8%), from €46,168 to €54,371
- Financial income -€2,250
down €2,250 (-76.4%), from €2,944 to €693
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
€79,579
Gross operating margin
+€59,332
Staff costs
-€13,646
Depreciation
-€8,204
Other operating charges
-€10
Financial income
-€2,250
Financial charges
+€800
Taxes
-€12,158
Result 2025
€103,443
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
+€3,354
Investment
-€63,729
Financing
-€46,518
Cash 2024
€116,155
From operations (derived)
+€3,354
Net result for the year
+€103,443
Depreciation
+€54,371
Receivables after one year
-€169,246
Smaller working-capital items
+€584
Deferred charges and accrued income
+€1,053
Tax, wage and social debts
+€13,032
Other debts
-€747
Accrued charges and deferred income
+€864
Investment (derived)
-€63,729
Investment in fixed assets (net)
-€63,729
Financing
-€46,518
Current portion of long-term debt
-€31,576
Contributions, distributions and other
-€14,942
Cash 2025
€9,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,362 | €374,814 | +€70,452 | +23.1% |
| Fixed assets | 21/28 | €158,624 | €167,981 | +€9,357 | +5.9% |
| Intangible fixed assets | 21 | €106,203 | €77,003 | -€29,200 | -27.5% |
| Tangible fixed assets | 22/27 | €52,421 | €90,978 | +€38,557 | +73.6% |
| Land and buildings | 22 | €10,357 | €8,431 | -€1,927 | -18.6% |
| Furniture and vehicles | 24 | €42,063 | €82,548 | +€40,484 | +96.2% |
| Current assets | 29/58 | €145,738 | €206,833 | +€61,095 | +41.9% |
| Amounts receivable after more than one year | 29 | - | €169,246 | +€169,246 | |
| Other amounts receivable | 291 | - | €169,246 | +€169,246 | |
| Amounts receivable within one year | 40/41 | €206 | €0 | -€206 | -100% |
| Other amounts receivable | 41 | €206 | €0 | -€206 | -100% |
| Cash at bank and in hand | 54/58 | €116,155 | €9,262 | -€106,893 | -92.0% |
| Deferred charges and accrued income | 490/1 | €29,377 | €28,325 | -€1,053 | -3.6% |
| Total equity and liabilities | 10/49 | €304,362 | €374,814 | +€70,452 | +23.1% |
| Equity | 10/15 | €270,328 | €358,829 | +€88,501 | +32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,728 | €340,229 | +€88,501 | +35.2% |
| Distributable reserves | 133 | €251,728 | €340,229 | +€88,501 | +35.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,034 | €15,985 | -€18,049 | -53.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,034 | €15,121 | -€18,913 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €31,576 | €0 | -€31,576 | -100% |
| Trade debts | 44 | €532 | €910 | +€378 | +71.1% |
| Suppliers | 440/4 | €532 | €910 | +€378 | +71.1% |
| Taxes, remuneration and social security | 45 | - | €13,032 | +€13,032 | |
| Taxes | 450/3 | - | €11,659 | +€11,659 | |
| Remuneration and social security | 454/9 | - | €1,373 | +€1,373 | |
| Other amounts payable | 47/48 | €1,926 | €1,179 | -€747 | -38.8% |
| Accrued charges and deferred income | 492/3 | €0 | €864 | +€864 | |
| Non-recurring operating income | 76A | - | €2,563 | +€2,563 | |
| Remuneration, social security and pensions | 62 | - | €13,646 | +€13,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,168 | €54,371 | +€8,204 | +17.8% |
| Other operating charges | 640/8 | €1,495 | €1,505 | +€10 | +0.7% |
| Gross operating margin | 9900 | €160,803 | €220,135 | +€59,332 | +36.9% |
| Operating profit (loss) | 9901 | €113,139 | €150,612 | +€37,472 | +33.1% |
| Financial income | 75/76B | €2,944 | €693 | -€2,250 | -76.4% |
| Recurring financial income | 75 | €2,944 | €693 | -€2,250 | -76.4% |
| Financial charges | 65/66B | €1,327 | €527 | -€800 | -60.3% |
| Recurring financial charges | 65 | €1,327 | €527 | -€800 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €114,756 | €150,778 | +€36,021 | +31.4% |
| Income taxes | 67/77 | €35,177 | €47,335 | +€12,158 | +34.6% |
| Profit (loss) for the period | 9904 | €79,579 | €103,443 | +€23,864 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,579 | €103,443 | +€23,864 | +30.0% |
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 3 November 2026 via checked.be.