Van Geel Verzekeringen: 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.
Van Geel Verzekeringen
Largest movements
- Intangible fixed assets -€84,214
down €84,214 (-12.1%), from €694,918 to €610,704
- Tangible fixed assets -€16,290
down €16,290 (-9.1%), from €178,912 to €162,622
of which Furniture and vehicles: -€14,588
- Debts after one year -€82,860
down €82,860 (-12.5%), from €664,031 to €581,172
- Other debts -€47,642
down €47,642 (-38.3%), from €124,484 to €76,842
- Current portion of long-term debt +€12,600
up €12,600 (+16.9%), from €74,638 to €87,238
- Profit (loss) carried forward +€11,551
up €11,551 (+277%), from €4,167 to €15,718
- Gross operating margin +€25,625
up €25,625 (+12.3%), from €208,472 to €234,097
- Depreciation +€23,102
up €23,102 (+24.8%), from €93,172 to €116,274
- Financial charges -€4,455
down €4,455 (-9.8%), from €45,277 to €40,822
- Staff costs -€2,900
down €2,900 (-4.6%), from €62,373 to €59,472
- Taxes +€2,712
up €2,712 (+105%), from €2,594 to €5,305
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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,180 | €798,564 | -€97,617 | -10.9% |
| Fixed assets | 21/28 | €873,830 | €773,326 | -€100,504 | -11.5% |
| Intangible fixed assets | 21 | €694,918 | €610,704 | -€84,214 | -12.1% |
| Tangible fixed assets | 22/27 | €178,912 | €162,622 | -€16,290 | -9.1% |
| Land and buildings | 22 | €69,245 | €68,392 | -€854 | -1.2% |
| Plant, machinery and equipment | 23 | €3,651 | €2,803 | -€848 | -23.2% |
| Furniture and vehicles | 24 | €106,015 | €91,428 | -€14,588 | -13.8% |
| Current assets | 29/58 | €22,350 | €25,237 | +€2,887 | +12.9% |
| Cash at bank and in hand | 54/58 | €2,692 | €3,617 | +€926 | +34.4% |
| Deferred charges and accrued income | 490/1 | €19,658 | €21,620 | +€1,962 | +10.0% |
| Total equity and liabilities | 10/49 | €896,180 | €798,564 | -€97,617 | -10.9% |
| Equity | 10/15 | €6,167 | €17,718 | +€11,551 | +187% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,167 | €15,718 | +€11,551 | +277% |
| Amounts payable | 17/49 | €890,013 | €780,845 | -€109,168 | -12.3% |
| Amounts payable after more than one year | 17 | €664,031 | €581,172 | -€82,860 | -12.5% |
| Financial debts | 170/4 | €664,031 | €581,172 | -€82,860 | -12.5% |
| Amounts payable within one year | 42/48 | €220,582 | €198,474 | -€22,108 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €74,638 | €87,238 | +€12,600 | +16.9% |
| Trade debts | 44 | €4,987 | €11,371 | +€6,385 | +128% |
| Suppliers | 440/4 | €4,987 | €11,371 | +€6,385 | +128% |
| Taxes, remuneration and social security | 45 | €16,473 | €23,022 | +€6,549 | +39.8% |
| Taxes | 450/3 | €5,739 | €12,150 | +€6,411 | +112% |
| Remuneration and social security | 454/9 | €10,734 | €10,873 | +€139 | +1.3% |
| Other amounts payable | 47/48 | €124,484 | €76,842 | -€47,642 | -38.3% |
| Accrued charges and deferred income | 492/3 | €5,400 | €1,200 | -€4,200 | -77.8% |
| Non-recurring operating income | 76A | €13,500 | - | -€13,500 | |
| Remuneration, social security and pensions | 62 | €62,373 | €59,472 | -€2,900 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,172 | €116,274 | +€23,102 | +24.8% |
| Other operating charges | 640/8 | €890 | €647 | -€243 | -27.3% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €208,472 | €234,097 | +€25,625 | +12.3% |
| Operating profit (loss) | 9901 | €52,038 | €57,654 | +€5,617 | +10.8% |
| Financial income | 75/76B | €0 | €24 | +€24 | +240,000% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +240,000% |
| Financial charges | 65/66B | €45,277 | €40,822 | -€4,455 | -9.8% |
| Recurring financial charges | 65 | €45,277 | €40,822 | -€4,455 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €6,761 | €16,856 | +€10,095 | +149% |
| Income taxes | 67/77 | €2,594 | €5,305 | +€2,712 | +105% |
| Profit (loss) for the period | 9904 | €4,167 | €11,551 | +€7,384 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €4,167 | €11,551 | +€7,384 | +177% |
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.