Van den Abbeele Tibo: what changed
What changed
Van den Abbeele Tibo
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€112,637
2024 · €180,430-€67,793
Equity
€517,653
2024 · €405,016+€112,637
Cash
€425,785
2024 · €75,456+€350,330
Balance sheet total
€2.7m
2024 · €1.5m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€936,244
up €936,244 (+226%), from €414,092 to €1.4m
of which Assets under construction and advance payments: +€939,668
- Cash +€350,330
up €350,330 (+464%), from €75,456 to €425,785
mainly Debts after one year (+€1.0m) and Depreciation (+€147,187)
- Intangible fixed assets -€142,963
down €142,963 (-24.9%), from €574,089 to €431,126
- Current investments +€39,065
up €39,065 (+10.1%), from €385,935 to €425,000
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+119%), from €864,769 to €1.9m
- Reserves +€112,637
up €112,637 (+29.3%), from €385,016 to €497,653
- Current portion of long-term debt +€40,113
up €40,113 (+27.4%), from €146,528 to €186,642
Income statement
- Gross operating margin -€97,466
down €97,466 (-11.4%), from €851,969 to €754,503
- Taxes -€24,495
down €24,495 (-36.8%), from €66,542 to €42,048
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
€180,430
Gross operating margin
-€97,466
Staff costs
+€5,928
Depreciation
+€661
Other operating charges
-€1,396
Financial income
-€219
Financial charges
+€205
Taxes
+€24,495
Result 2025
€112,637
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
+€259,144
Investment
-€979,533
Financing
+€1.1m
Cash 2024
€75,456
From operations (derived)
+€259,144
Net result for the year
+€112,637
Depreciation
+€147,187
Smaller working-capital items
-€3,877
Other debts
+€3,198
Investment (derived)
-€979,533
Investment in fixed assets (net)
-€940,467
Current investments
-€39,065
Financing
+€1.1m
Debts after one year
+€1.0m
Current portion of long-term debt
+€40,113
Cash 2025
€425,785
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,530,554 | €2,713,080 | +€1.2m | +77.3% |
| Fixed assets | 21/28 | €994,580 | €1,787,861 | +€793,281 | +79.8% |
| Intangible fixed assets | 21 | €574,089 | €431,126 | -€142,963 | -24.9% |
| Tangible fixed assets | 22/27 | €414,092 | €1,350,336 | +€936,244 | +226% |
| Land and buildings | 22 | €374,876 | €371,388 | -€3,488 | -0.9% |
| Plant, machinery and equipment | 23 | €168 | €641 | +€473 | +281% |
| Furniture and vehicles | 24 | €1,229 | €820 | -€409 | -33.3% |
| Assets under construction and advance payments | 27 | €37,819 | €977,487 | +€939,668 | +2,485% |
| Financial fixed assets | 28 | €6,399 | €6,399 | = | 0.0% |
| Current assets | 29/58 | €535,974 | €925,219 | +€389,245 | +72.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €385,935 | €425,000 | +€39,065 | +10.1% |
| Cash at bank and in hand | 54/58 | €75,456 | €425,785 | +€350,330 | +464% |
| Deferred charges and accrued income | 490/1 | €74,584 | €74,434 | -€150 | -0.2% |
| Total equity and liabilities | 10/49 | €1,530,554 | €2,713,080 | +€1.2m | +77.3% |
| Equity | 10/15 | €405,016 | €517,653 | +€112,637 | +27.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €385,016 | €497,653 | +€112,637 | +29.3% |
| Distributable reserves | 133 | €385,016 | €497,653 | +€112,637 | +29.3% |
| Amounts payable | 17/49 | €1,125,538 | €2,195,427 | +€1.1m | +95.1% |
| Amounts payable after more than one year | 17 | €864,769 | €1,895,374 | +€1.0m | +119% |
| Financial debts | 170/4 | €864,769 | €1,895,374 | +€1.0m | +119% |
| Amounts payable within one year | 42/48 | €260,505 | €299,792 | +€39,287 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €146,528 | €186,642 | +€40,113 | +27.4% |
| Trade debts | 44 | €15,494 | €13,980 | -€1,514 | -9.8% |
| Suppliers | 440/4 | €15,494 | €13,980 | -€1,514 | -9.8% |
| Taxes, remuneration and social security | 45 | €93,311 | €90,801 | -€2,510 | -2.7% |
| Taxes | 450/3 | €52,976 | €48,625 | -€4,351 | -8.2% |
| Remuneration and social security | 454/9 | €40,335 | €42,176 | +€1,841 | +4.6% |
| Other amounts payable | 47/48 | €5,172 | €8,369 | +€3,198 | +61.8% |
| Accrued charges and deferred income | 492/3 | €264 | €261 | -€3 | -1.1% |
| Remuneration, social security and pensions | 62 | €408,669 | €402,741 | -€5,928 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,847 | €147,187 | -€661 | -0.4% |
| Other operating charges | 640/8 | €1,672 | €3,068 | +€1,396 | +83.5% |
| Gross operating margin | 9900 | €851,969 | €754,503 | -€97,466 | -11.4% |
| Operating profit (loss) | 9901 | €293,782 | €201,508 | -€92,274 | -31.4% |
| Financial income | 75/76B | €1,906 | €1,687 | -€219 | -11.5% |
| Recurring financial income | 75 | €1,906 | €1,687 | -€219 | -11.5% |
| Financial charges | 65/66B | €48,716 | €48,511 | -€205 | -0.4% |
| Recurring financial charges | 65 | €48,716 | €48,511 | -€205 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €246,972 | €154,684 | -€92,288 | -37.4% |
| Income taxes | 67/77 | €66,542 | €42,048 | -€24,495 | -36.8% |
| Profit (loss) for the period | 9904 | €180,430 | €112,637 | -€67,793 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €180,430 | €112,637 | -€67,793 | -37.6% |
Next steps
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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 2 November 2026 via checked.be.