TOP INSURANCE: 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.
TOP INSURANCE
Largest movements
- Receivables within one year -€40,683
down €40,683 (-26.6%), from €153,226 to €112,543
of which Other amounts receivable: -€45,251
- Tangible fixed assets -€15,462
down €15,462 (-16.5%), from €93,621 to €78,159
of which Land and buildings: -€10,541
- Deferred charges and accrued income +€7,757
new in 2025: €7,757
- Current portion of long-term debt +€85,000
new in 2025: €85,000
- Short-term financial debts -€73,784
down €73,784 (-96.2%), from €76,693 to €2,908
of which Credit institutions: -€74,547
- Debts after one year -€25,477
no longer reported in 2025 (was €25,477)
- Other debts -€18,805
down €18,805 (-31.8%), from €59,158 to €40,354
- Tax, wage and social debts -€12,579
down €12,579 (-42.7%), from €29,479 to €16,901
of which Remuneration and social security: -€8,798
- Staff costs +€34,822
up €34,822 (+33.1%), from €105,331 to €140,153
- Gross operating margin +€19,203
up €19,203 (+13.1%), from €146,599 to €165,802
- Taxes -€11,999
no longer reported in 2025 (was €11,999)
- Other operating charges -€6,795
down €6,795 (-67.5%), from €10,072 to €3,277
- Financial charges +€5,589
up €5,589 (+1,023%), from €547 to €6,135
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,752 | €234,364 | -€48,388 | -17.1% |
| Fixed assets | 21/28 | €118,526 | €103,064 | -€15,462 | -13.0% |
| Tangible fixed assets | 22/27 | €93,621 | €78,159 | -€15,462 | -16.5% |
| Land and buildings | 22 | €88,700 | €78,159 | -€10,541 | -11.9% |
| Plant, machinery and equipment | 23 | €807 | - | -€807 | |
| Furniture and vehicles | 24 | €4,115 | - | -€4,115 | |
| Financial fixed assets | 28 | €24,905 | €24,905 | = | 0.0% |
| Current assets | 29/58 | €164,226 | €131,300 | -€32,926 | -20.0% |
| Amounts receivable after more than one year | 29 | €11,000 | €11,000 | = | 0.0% |
| Other amounts receivable | 291 | €11,000 | €11,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,226 | €112,543 | -€40,683 | -26.6% |
| Trade receivables | 40 | €39,479 | €44,047 | +€4,569 | +11.6% |
| Other amounts receivable | 41 | €113,747 | €68,496 | -€45,251 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €7,757 | +€7,757 | |
| Total equity and liabilities | 10/49 | €282,752 | €234,364 | -€48,388 | -17.1% |
| Equity | 10/15 | €80,340 | €81,115 | +€776 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,740 | €61,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,880 | €59,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €776 | +€776 | |
| Amounts payable | 17/49 | €202,412 | €153,249 | -€49,164 | -24.3% |
| Amounts payable after more than one year | 17 | €25,477 | - | -€25,477 | |
| Financial debts | 170/4 | €25,477 | - | -€25,477 | |
| Amounts payable within one year | 42/48 | €170,429 | €149,670 | -€20,759 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €85,000 | +€85,000 | |
| Financial debts | 43 | €76,693 | €2,908 | -€73,784 | -96.2% |
| Credit institutions | 430/8 | €74,547 | - | -€74,547 | |
| Other loans | 439 | €2,146 | €2,908 | +€762 | +35.5% |
| Trade debts | 44 | €5,098 | €4,507 | -€591 | -11.6% |
| Suppliers | 440/4 | €5,098 | €4,507 | -€591 | -11.6% |
| Taxes, remuneration and social security | 45 | €29,479 | €16,901 | -€12,579 | -42.7% |
| Taxes | 450/3 | €16,607 | €12,825 | -€3,781 | -22.8% |
| Remuneration and social security | 454/9 | €12,873 | €4,075 | -€8,798 | -68.3% |
| Other amounts payable | 47/48 | €59,158 | €40,354 | -€18,805 | -31.8% |
| Accrued charges and deferred income | 492/3 | €6,507 | €3,578 | -€2,928 | -45.0% |
| Remuneration, social security and pensions | 62 | €105,331 | €140,153 | +€34,822 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,406 | €15,462 | +€55 | +0.4% |
| Other operating charges | 640/8 | €10,072 | €3,277 | -€6,795 | -67.5% |
| Gross operating margin | 9900 | €146,599 | €165,802 | +€19,203 | +13.1% |
| Operating profit (loss) | 9901 | €15,789 | €6,910 | -€8,879 | -56.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €547 | €6,135 | +€5,589 | +1,023% |
| Recurring financial charges | 65 | €547 | €6,135 | +€5,589 | +1,023% |
| Profit (loss) for the period before taxes | 9903 | €15,243 | €776 | -€14,467 | -94.9% |
| Income taxes | 67/77 | €11,999 | - | -€11,999 | |
| Profit (loss) for the period | 9904 | €3,244 | €776 | -€2,468 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,244 | €776 | -€2,468 | -76.1% |
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.