VANDERLINDEN ASSURANCES: 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.
VANDERLINDEN ASSURANCES
Largest movements
- Receivables within one year +€1.1m
new in 2025: €1.1m
of which Trade receivables: +€734,565
- Receivables after one year -€630,779
down €630,779 (-75.9%), from €830,779 to €200,000
of which Trade receivables: -€661,805
- Cash -€281,500
down €281,500 (-31.5%), from €893,004 to €611,505
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€65,000)
- Tangible fixed assets -€59,166
down €59,166 (-20.7%), from €286,484 to €227,318
of which Furniture and vehicles: -€35,176
- Other debts +€76,531
up €76,531 (+81.0%), from €94,455 to €170,986
- Profit (loss) carried forward +€39,794
up €39,794 (+6.6%), from €604,897 to €644,691
- Debts after one year -€32,115
down €32,115 (-42.6%), from €75,317 to €43,201
- Reserves +€28,500
up €28,500 (+5.3%), from €539,150 to €567,650
of which Distributable reserves: +€50,180
- Trade debts +€24,314
up €24,314 (+4.3%), from €569,831 to €594,145
- Gross operating margin -€112,766
down €112,766 (-19.0%), from €593,902 to €481,136
- Financial income -€62,061
down €62,061 (-88.7%), from €70,006 to €7,945
of which Non-recurring financial income: -€64,218
- Taxes -€39,772
down €39,772 (-45.7%), from €87,031 to €47,259
- Financial charges +€19,422
up €19,422 (+246%), from €7,906 to €27,328
- Staff costs +€16,759
up €16,759 (+8.6%), from €194,045 to €210,803
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 | €2,011,278 | €2,141,534 | +€130,255 | +6.5% |
| Formation expenses | 20 | €936 | €180 | -€756 | -80.8% |
| Fixed assets | 21/28 | €286,559 | €227,392 | -€59,166 | -20.6% |
| Tangible fixed assets | 22/27 | €286,484 | €227,318 | -€59,166 | -20.7% |
| Land and buildings | 22 | €16,258 | €14,788 | -€1,470 | -9.0% |
| Plant, machinery and equipment | 23 | €116,345 | €102,825 | -€13,520 | -11.6% |
| Furniture and vehicles | 24 | €116,641 | €81,465 | -€35,176 | -30.2% |
| Other tangible fixed assets | 26 | €37,239 | €28,239 | -€9,000 | -24.2% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,723,784 | €1,913,961 | +€190,178 | +11.0% |
| Amounts receivable after more than one year | 29 | €830,779 | €200,000 | -€630,779 | -75.9% |
| Trade receivables | 290 | €661,805 | - | -€661,805 | |
| Other amounts receivable | 291 | €168,974 | €200,000 | +€31,026 | +18.4% |
| Amounts receivable within one year | 40/41 | - | €1,084,226 | +€1.1m | |
| Trade receivables | 40 | - | €734,565 | +€734,565 | |
| Other amounts receivable | 41 | - | €349,661 | +€349,661 | |
| Cash at bank and in hand | 54/58 | €893,004 | €611,505 | -€281,500 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €18,230 | +€18,230 | |
| Total equity and liabilities | 10/49 | €2,011,278 | €2,141,534 | +€130,255 | +6.5% |
| Equity | 10/15 | €1,206,047 | €1,274,341 | +€68,293 | +5.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €539,150 | €567,650 | +€28,500 | +5.3% |
| Non-distributable reserves | 130/1 | €53,200 | €53,200 | = | 0.0% |
| Legal reserve | 130 | €53,200 | €53,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €167,770 | -€21,680 | -11.4% |
| Distributable reserves | 133 | €296,500 | €346,680 | +€50,180 | +16.9% |
| Profit (loss) carried forward | 14 | €604,897 | €644,691 | +€39,794 | +6.6% |
| Amounts payable | 17/49 | €805,231 | €867,193 | +€61,962 | +7.7% |
| Amounts payable after more than one year | 17 | €75,317 | €43,201 | -€32,115 | -42.6% |
| Financial debts | 170/4 | €75,317 | €43,201 | -€32,115 | -42.6% |
| Amounts payable within one year | 42/48 | €729,914 | €823,991 | +€94,077 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €34,322 | €32,115 | -€2,207 | -6.4% |
| Trade debts | 44 | €569,831 | €594,145 | +€24,314 | +4.3% |
| Suppliers | 440/4 | €569,831 | €594,145 | +€24,314 | +4.3% |
| Taxes, remuneration and social security | 45 | €31,306 | €26,745 | -€4,561 | -14.6% |
| Taxes | 450/3 | €11,700 | €11,700 | = | 0.0% |
| Remuneration and social security | 454/9 | €19,606 | €15,045 | -€4,561 | -23.3% |
| Other amounts payable | 47/48 | €94,455 | €170,986 | +€76,531 | +81.0% |
| Remuneration, social security and pensions | 62 | €194,045 | €210,803 | +€16,759 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,966 | €65,233 | +€7,267 | +12.5% |
| Other operating charges | 640/8 | €4,921 | €5,164 | +€243 | +4.9% |
| Gross operating margin | 9900 | €593,902 | €481,136 | -€112,766 | -19.0% |
| Operating profit (loss) | 9901 | €336,970 | €199,936 | -€137,034 | -40.7% |
| Financial income | 75/76B | €70,006 | €7,945 | -€62,061 | -88.7% |
| Recurring financial income | 75 | €5,788 | €7,945 | +€2,157 | +37.3% |
| Non-recurring financial income | 76B | €64,218 | - | -€64,218 | |
| Financial charges | 65/66B | €7,906 | €27,328 | +€19,422 | +246% |
| Recurring financial charges | 65 | €7,906 | €27,328 | +€19,422 | +246% |
| Profit (loss) for the period before taxes | 9903 | €399,070 | €180,553 | -€218,517 | -54.8% |
| Income taxes | 67/77 | €87,031 | €47,259 | -€39,772 | -45.7% |
| Profit (loss) for the period | 9904 | €312,039 | €133,293 | -€178,745 | -57.3% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €28,500 | -€76,750 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €206,789 | €104,794 | -€101,995 | -49.3% |
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 25 October 2026 via checked.be.