VDB Insurance: 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.
VDB Insurance
Largest movements
- Cash -€92,086
down €92,086 (-57.4%), from €160,356 to €68,271
mainly Trade debts (-€69,389) and Debts after one year (-€46,975)
- Receivables within one year +€15,562
up €15,562 (+6.5%), from €238,920 to €254,482
of which Other amounts receivable: +€28,989
- Intangible fixed assets -€15,350
down €15,350 (-15.9%), from €96,263 to €80,913
- Tangible fixed assets -€8,177
down €8,177 (-9.3%), from €87,672 to €79,495
of which Furniture and vehicles: -€18,472
- Trade debts -€69,389
down €69,389 (-96.3%), from €72,082 to €2,694
- Debts after one year -€46,975
down €46,975 (-24.9%), from €188,501 to €141,525
- Profit (loss) carried forward +€31,797
up €31,797 (+18.8%), from €169,154 to €200,951
- Other debts -€19,421
down €19,421 (-79.7%), from €24,363 to €4,942
- Accrued charges and deferred income +€14,250
up €14,250 (+113%), from €12,642 to €26,892
- Gross operating margin -€16,676
down €16,676 (-9.3%), from €179,751 to €163,075
- Financial charges -€4,109
down €4,109 (-35.5%), from €11,578 to €7,469
- Financial income +€2,675
up €2,675 (+517%), from €517 to €3,192
of which Non-recurring financial income: +€1,736
- Staff costs +€2,326
up €2,326 (+3.4%), from €69,232 to €71,558
- Taxes -€2,279
down €2,279 (-13.2%), from €17,241 to €14,962
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 | €586,855 | €487,674 | -€99,181 | -16.9% |
| Fixed assets | 21/28 | €183,936 | €160,409 | -€23,527 | -12.8% |
| Intangible fixed assets | 21 | €96,263 | €80,913 | -€15,350 | -15.9% |
| Tangible fixed assets | 22/27 | €87,672 | €79,495 | -€8,177 | -9.3% |
| Plant, machinery and equipment | 23 | €17,336 | €27,631 | +€10,295 | +59.4% |
| Furniture and vehicles | 24 | €70,337 | €51,865 | -€18,472 | -26.3% |
| Current assets | 29/58 | €402,920 | €327,265 | -€75,654 | -18.8% |
| Amounts receivable within one year | 40/41 | €238,920 | €254,482 | +€15,562 | +6.5% |
| Trade receivables | 40 | €92,120 | €78,693 | -€13,427 | -14.6% |
| Other amounts receivable | 41 | €146,800 | €175,789 | +€28,989 | +19.7% |
| Cash at bank and in hand | 54/58 | €160,356 | €68,271 | -€92,086 | -57.4% |
| Deferred charges and accrued income | 490/1 | €3,643 | €4,513 | +€870 | +23.9% |
| Total equity and liabilities | 10/49 | €586,855 | €487,674 | -€99,181 | -16.9% |
| Equity | 10/15 | €199,761 | €231,559 | +€31,797 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,008 | €12,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,909 | €8,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,154 | €200,951 | +€31,797 | +18.8% |
| Amounts payable | 17/49 | €387,094 | €256,116 | -€130,979 | -33.8% |
| Amounts payable after more than one year | 17 | €188,501 | €141,525 | -€46,975 | -24.9% |
| Financial debts | 170/4 | €188,501 | €141,525 | -€46,975 | -24.9% |
| Amounts payable within one year | 42/48 | €185,952 | €87,699 | -€98,253 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €72,601 | €66,975 | -€5,625 | -7.7% |
| Trade debts | 44 | €72,082 | €2,694 | -€69,389 | -96.3% |
| Suppliers | 440/4 | €72,082 | €2,694 | -€69,389 | -96.3% |
| Advances received on contracts in progress | 46 | €4,063 | - | -€4,063 | |
| Taxes, remuneration and social security | 45 | €12,843 | €13,088 | +€245 | +1.9% |
| Taxes | 450/3 | €4,504 | €4,504 | = | 0.0% |
| Remuneration and social security | 454/9 | €8,339 | €8,584 | +€245 | +2.9% |
| Other amounts payable | 47/48 | €24,363 | €4,942 | -€19,421 | -79.7% |
| Accrued charges and deferred income | 492/3 | €12,642 | €26,892 | +€14,250 | +113% |
| Remuneration, social security and pensions | 62 | €69,232 | €71,558 | +€2,326 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,078 | €39,779 | +€700 | +1.8% |
| Other operating charges | 640/8 | €679 | €703 | +€24 | +3.5% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €179,751 | €163,075 | -€16,676 | -9.3% |
| Operating profit (loss) | 9901 | €70,645 | €51,036 | -€19,610 | -27.8% |
| Financial income | 75/76B | €517 | €3,192 | +€2,675 | +517% |
| Recurring financial income | 75 | €517 | €1,456 | +€939 | +182% |
| Non-recurring financial income | 76B | - | €1,736 | +€1,736 | |
| Financial charges | 65/66B | €11,578 | €7,469 | -€4,109 | -35.5% |
| Recurring financial charges | 65 | €11,578 | €7,469 | -€4,109 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €59,585 | €46,760 | -€12,825 | -21.5% |
| Income taxes | 67/77 | €17,241 | €14,962 | -€2,279 | -13.2% |
| Profit (loss) for the period | 9904 | €42,344 | €31,797 | -€10,546 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,344 | €31,797 | -€10,546 | -24.9% |
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.