VERZEKERINGEN APERS: 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.
VERZEKERINGEN APERS
Largest movements
- Cash +€681,669
up €681,669 (+67.0%), from €1.0m to €1.7m
mainly Net result for the year (+€605,103) and Current investments (+€556,408)
- Current investments -€556,408
down €556,408 (-48.6%), from €1.1m to €589,116
- Intangible fixed assets -€69,097
down €69,097 (-16.7%), from €413,642 to €344,545
- Debts after one year -€84,290
down €84,290 (-33.2%), from €253,943 to €169,653
- Tax, wage and social debts +€69,017
up €69,017 (+43.0%), from €160,569 to €229,586
of which Taxes: +€63,797
- Other debts +€66,028
up €66,028 (+5.6%), from €1.2m to €1.2m
- Profit (loss) carried forward +€55,103
up €55,103 (+6.9%), from €792,895 to €847,998
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin +€83,684
up €83,684 (+5.6%), from €1.5m to €1.6m
- Staff costs -€46,761
down €46,761 (-6.7%), from €695,958 to €649,197
- Taxes +€34,336
up €34,336 (+17.6%), from €195,061 to €229,398
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 | €2,753,490 | €2,801,446 | +€47,957 | +1.7% |
| Fixed assets | 21/28 | €528,052 | €434,337 | -€93,715 | -17.7% |
| Intangible fixed assets | 21 | €413,642 | €344,545 | -€69,097 | -16.7% |
| Tangible fixed assets | 22/27 | €114,410 | €89,792 | -€24,618 | -21.5% |
| Land and buildings | 22 | €10,044 | €9,847 | -€197 | -2.0% |
| Plant, machinery and equipment | 23 | €2,882 | €1,766 | -€1,116 | -38.7% |
| Furniture and vehicles | 24 | €18,814 | €11,337 | -€7,477 | -39.7% |
| Other tangible fixed assets | 26 | €82,670 | €66,842 | -€15,828 | -19.1% |
| Current assets | 29/58 | €2,225,438 | €2,367,109 | +€141,671 | +6.4% |
| Amounts receivable within one year | 40/41 | €41,581 | €68,379 | +€26,798 | +64.4% |
| Trade receivables | 40 | €41,285 | €67,804 | +€26,518 | +64.2% |
| Other amounts receivable | 41 | €296 | €576 | +€280 | +94.7% |
| Current investments | 50/53 | €1,145,524 | €589,116 | -€556,408 | -48.6% |
| Cash at bank and in hand | 54/58 | €1,017,200 | €1,698,869 | +€681,669 | +67.0% |
| Deferred charges and accrued income | 490/1 | €21,133 | €10,744 | -€10,389 | -49.2% |
| Total equity and liabilities | 10/49 | €2,753,490 | €2,801,446 | +€47,957 | +1.7% |
| Equity | 10/15 | €1,018,481 | €1,073,584 | +€55,103 | +5.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €163,586 | €163,586 | = | 0.0% |
| Distributable reserves | 133 | €163,586 | €163,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | €792,895 | €847,998 | +€55,103 | +6.9% |
| Amounts payable | 17/49 | €1,735,009 | €1,727,863 | -€7,146 | -0.4% |
| Amounts payable after more than one year | 17 | €253,943 | €169,653 | -€84,290 | -33.2% |
| Financial debts | 170/4 | €253,943 | €169,653 | -€84,290 | -33.2% |
| Amounts payable within one year | 42/48 | €1,477,182 | €1,555,393 | +€78,211 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €83,640 | €84,290 | +€650 | +0.8% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €9,561 | €2,078 | -€7,484 | -78.3% |
| Suppliers | 440/4 | €9,561 | €2,078 | -€7,484 | -78.3% |
| Taxes, remuneration and social security | 45 | €160,569 | €229,586 | +€69,017 | +43.0% |
| Taxes | 450/3 | €81,362 | €145,159 | +€63,797 | +78.4% |
| Remuneration and social security | 454/9 | €79,207 | €84,427 | +€5,220 | +6.6% |
| Other amounts payable | 47/48 | €1,173,411 | €1,239,439 | +€66,028 | +5.6% |
| Accrued charges and deferred income | 492/3 | €3,884 | €2,817 | -€1,067 | -27.5% |
| Remuneration, social security and pensions | 62 | €695,958 | €649,197 | -€46,761 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,927 | €97,089 | -€1,838 | -1.9% |
| Other operating charges | 640/8 | €6,017 | €5,068 | -€949 | -15.8% |
| Gross operating margin | 9900 | €1,490,159 | €1,573,843 | +€83,684 | +5.6% |
| Operating profit (loss) | 9901 | €689,257 | €822,489 | +€133,232 | +19.3% |
| Financial income | 75/76B | €33,167 | €38,267 | +€5,100 | +15.4% |
| Recurring financial income | 75 | €33,167 | €38,267 | +€5,100 | +15.4% |
| Financial charges | 65/66B | €32,580 | €26,255 | -€6,325 | -19.4% |
| Recurring financial charges | 65 | €30,760 | €23,551 | -€7,209 | -23.4% |
| Non-recurring financial charges | 66B | €1,820 | €2,704 | +€884 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €689,844 | €834,500 | +€144,656 | +21.0% |
| Income taxes | 67/77 | €195,061 | €229,398 | +€34,336 | +17.6% |
| Profit (loss) for the period | 9904 | €494,783 | €605,103 | +€110,320 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €494,783 | €605,103 | +€110,320 | +22.3% |
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 29 October 2026 via checked.be.