VCverzekering: 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.
VCverzekering
Largest movements
- Cash +€26,735
up €26,735 (+23.7%), from €112,793 to €139,528
mainly Net result for the year (+€166,059) and Depreciation (+€8,197)
- Tangible fixed assets +€25,838
up €25,838 (+549.2%), from €4,705 to €30,543
- Reserves +€126,059
up €126,059 (+19.8%), from €636,056 to €762,115
- Debts after one year -€81,223
down €81,223 (-92.3%), from €88,020 to €6,798
- Financial income -€398,136
down €398,136 (-98.0%), from €406,159 to €8,022
- Taxes -€33,828
down €33,828 (-36.1%), from €93,629 to €59,801
- Gross operating margin +€27,011
up €27,011 (+11.4%), from €236,033 to €263,044
- Depreciation +€6,156
up €6,156 (+301.7%), from €2,041 to €8,197
- Other operating charges +€3,626
up €3,626 (+30.3%), from €11,969 to €15,595
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.
Cash bridge derived
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 | €1,663,049 | €1,715,807 | +€52,757 | +3.2% |
| Fixed assets | 21/28 | €1,017,283 | €1,041,871 | +€24,588 | +2.4% |
| Intangible fixed assets | 21 | €11,513 | €10,263 | -€1,250 | -10.9% |
| Tangible fixed assets | 22/27 | €4,705 | €30,543 | +€25,838 | +549.2% |
| Furniture and vehicles | 24 | €4,705 | €30,543 | +€25,838 | +549.2% |
| Financial fixed assets | 28 | €1,001,065 | €1,001,065 | = | 0.0% |
| Current assets | 29/58 | €645,766 | €673,936 | +€28,169 | +4.4% |
| Amounts receivable within one year | 40/41 | €125,851 | €128,296 | +€2,445 | +1.9% |
| Trade receivables | 40 | €45,851 | €67,943 | +€22,092 | +48.2% |
| Other amounts receivable | 41 | €80,000 | €60,353 | -€19,647 | -24.6% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,793 | €139,528 | +€26,735 | +23.7% |
| Deferred charges and accrued income | 490/1 | €7,122 | €6,112 | -€1,010 | -14.2% |
| Total equity and liabilities | 10/49 | €1,663,049 | €1,715,807 | +€52,757 | +3.2% |
| Equity | 10/15 | €1,381,174 | €1,507,232 | +€126,059 | +9.1% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €636,056 | €762,115 | +€126,059 | +19.8% |
| Distributable reserves | 133 | €636,056 | €762,115 | +€126,059 | +19.8% |
| Profit (loss) carried forward | 14 | €560,118 | €560,118 | = | 0.0% |
| Amounts payable | 17/49 | €281,876 | €208,574 | -€73,301 | -26.0% |
| Amounts payable after more than one year | 17 | €88,020 | €6,798 | -€81,223 | -92.3% |
| Financial debts | 170/4 | €88,020 | €6,798 | -€81,223 | -92.3% |
| Amounts payable within one year | 42/48 | €192,963 | €201,192 | +€8,229 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €80,580 | €81,223 | +€643 | +0.8% |
| Trade debts | 44 | €30,036 | €27,022 | -€3,014 | -10.0% |
| Suppliers | 440/4 | €30,036 | €27,022 | -€3,014 | -10.0% |
| Advances received on contracts in progress | 46 | €567 | €567 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,780 | €52,381 | +€7,601 | +17.0% |
| Taxes | 450/3 | €41,904 | €49,452 | +€7,548 | +18.0% |
| Remuneration and social security | 454/9 | €2,876 | €2,929 | +€53 | +1.8% |
| Other amounts payable | 47/48 | €37,000 | €40,000 | +€3,000 | +8.1% |
| Accrued charges and deferred income | 492/3 | €892 | €585 | -€308 | -34.5% |
| Remuneration, social security and pensions | 62 | €18,631 | €19,271 | +€640 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,041 | €8,197 | +€6,156 | +301.7% |
| Other operating charges | 640/8 | €11,969 | €15,595 | +€3,626 | +30.3% |
| Non-recurring operating charges | 66A | €146 | €422 | +€276 | +188.8% |
| Gross operating margin | 9900 | €236,033 | €263,044 | +€27,011 | +11.4% |
| Operating profit (loss) | 9901 | €203,247 | €219,559 | +€16,313 | +8.0% |
| Financial income | 75/76B | €406,159 | €8,022 | -€398,136 | -98.0% |
| Recurring financial income | 75 | €406,159 | €8,022 | -€398,136 | -98.0% |
| Financial charges | 65/66B | €2,570 | €1,722 | -€847 | -33.0% |
| Recurring financial charges | 65 | €2,570 | €1,722 | -€847 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €606,835 | €225,859 | -€380,976 | -62.8% |
| Income taxes | 67/77 | €93,629 | €59,801 | -€33,828 | -36.1% |
| Profit (loss) for the period | 9904 | €513,207 | €166,059 | -€347,148 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €513,207 | €166,059 | -€347,148 | -67.6% |
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 9 October 2026 via checked.be.