VC VERZEKERINGEN: what changed
VC VERZEKERINGEN
Largest movements
- Receivables after one year -€145,000
down €145,000 (-100%), from €145,000 to €0
- Cash +€66,232
up €66,232 (+72.5%), from €91,363 to €157,595
mainly Receivables after one year (+€145,000) and Net result for the year (+€72,378)
- Receivables within one year -€49,195
down €49,195 (-40.9%), from €120,318 to €71,123
of which Other amounts receivable: -€52,369
- Tangible fixed assets -€23,237
down €23,237 (-47.5%), from €48,878 to €25,642
of which Furniture and vehicles: -€14,196
- Reserves -€186,888
down €186,888 (-62.9%), from €297,035 to €110,147
- Accrued charges and deferred income +€41,834
up €41,834 (+3,919%), from €1,067 to €42,901
- Other debts -€30,247
down €30,247 (-50.4%), from €60,000 to €29,753
- Tax, wage and social debts +€30,012
up €30,012 (+71.3%), from €42,102 to €72,114
of which Taxes: +€34,396
- Gross operating margin -€26,167
down €26,167 (-8.2%), from €320,086 to €293,919
- Staff costs -€14,025
down €14,025 (-7.0%), from €200,181 to €186,156
- Taxes +€8,551
up €8,551 (+65.4%), from €13,067 to €21,619
- Other operating charges +€5,590
up €5,590 (+152%), from €3,680 to €9,269
- Depreciation -€4,267
down €4,267 (-30.9%), from €13,815 to €9,548
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,878 | €267,458 | -€149,421 | -35.8% |
| Fixed assets | 21/28 | €48,878 | €25,642 | -€23,237 | -47.5% |
| Tangible fixed assets | 22/27 | €48,878 | €25,642 | -€23,237 | -47.5% |
| Plant, machinery and equipment | 23 | €6,018 | €3,965 | -€2,053 | -34.1% |
| Furniture and vehicles | 24 | €19,487 | €5,291 | -€14,196 | -72.9% |
| Other tangible fixed assets | 26 | €23,374 | €16,386 | -€6,988 | -29.9% |
| Current assets | 29/58 | €368,000 | €241,816 | -€126,184 | -34.3% |
| Amounts receivable after more than one year | 29 | €145,000 | €0 | -€145,000 | -100% |
| Other amounts receivable | 291 | €145,000 | €0 | -€145,000 | -100% |
| Amounts receivable within one year | 40/41 | €120,318 | €71,123 | -€49,195 | -40.9% |
| Trade receivables | 40 | - | €3,174 | +€3,174 | |
| Other amounts receivable | 41 | €120,318 | €67,949 | -€52,369 | -43.5% |
| Cash at bank and in hand | 54/58 | €91,363 | €157,595 | +€66,232 | +72.5% |
| Deferred charges and accrued income | 490/1 | €11,318 | €13,098 | +€1,779 | +15.7% |
| Total equity and liabilities | 10/49 | €416,878 | €267,458 | -€149,421 | -35.8% |
| Equity | 10/15 | €303,235 | €116,347 | -€186,888 | -61.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €297,035 | €110,147 | -€186,888 | -62.9% |
| Distributable reserves | 133 | €297,035 | €110,147 | -€186,888 | -62.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,643 | €151,111 | +€37,467 | +33.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,576 | €108,209 | -€4,367 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €10,474 | €6,342 | -€4,132 | -39.4% |
| Suppliers | 440/4 | €10,474 | €6,342 | -€4,132 | -39.4% |
| Taxes, remuneration and social security | 45 | €42,102 | €72,114 | +€30,012 | +71.3% |
| Taxes | 450/3 | €8,311 | €42,708 | +€34,396 | +414% |
| Remuneration and social security | 454/9 | €33,791 | €29,407 | -€4,384 | -13.0% |
| Other amounts payable | 47/48 | €60,000 | €29,753 | -€30,247 | -50.4% |
| Accrued charges and deferred income | 492/3 | €1,067 | €42,901 | +€41,834 | +3,919% |
| Remuneration, social security and pensions | 62 | €200,181 | €186,156 | -€14,025 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,815 | €9,548 | -€4,267 | -30.9% |
| Other operating charges | 640/8 | €3,680 | €9,269 | +€5,590 | +152% |
| Gross operating margin | 9900 | €320,086 | €293,919 | -€26,167 | -8.2% |
| Operating profit (loss) | 9901 | €102,410 | €88,946 | -€13,465 | -13.1% |
| Financial income | 75/76B | €6,459 | €7,045 | +€586 | +9.1% |
| Recurring financial income | 75 | €6,459 | €7,045 | +€586 | +9.1% |
| Financial charges | 65/66B | €3,268 | €1,994 | -€1,275 | -39.0% |
| Recurring financial charges | 65 | €3,268 | €1,994 | -€1,275 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €105,601 | €93,997 | -€11,604 | -11.0% |
| Income taxes | 67/77 | €13,067 | €21,619 | +€8,551 | +65.4% |
| Profit (loss) for the period | 9904 | €92,533 | €72,378 | -€20,155 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,533 | €72,378 | -€20,155 | -21.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.