Verzekeringen Bourdeau: what changed
What changed
Verzekeringen Bourdeau
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€258,061
2023 · €271,443-€13,383
Equity
€1.2m
2023 · €1.0m+€201,672
Cash
€67,828
2023 · €69,505-€1,677
Balance sheet total
€1.9m
2023 · €1.9m+€55,920
Largest movements
Assets
- Receivables within one year +€143,107
up €143,107 (+64.8%), from €220,765 to €363,872
of which Other amounts receivable: +€95,537
- Intangible fixed assets -€84,449
down €84,449 (-11.3%), from €745,753 to €661,304
Equity and liabilities
- Reserves +€201,672
up €201,672 (+20.1%), from €1.0m to €1.2m
- Debts after one year -€120,447
down €120,447 (-25.0%), from €482,274 to €361,827
- Other debts -€36,828
down €36,828 (-62.5%), from €58,885 to €22,057
- Tax, wage and social debts +€34,221
up €34,221 (+39.8%), from €86,026 to €120,246
of which Remuneration and social security: +€23,895
- Current portion of long-term debt -€25,466
down €25,466 (-15.1%), from €168,459 to €142,994
Income statement
- Gross operating margin +€238,124
up €238,124 (+33.8%), from €703,908 to €942,032
- Staff costs +€158,406
up €158,406 (+60.4%), from €262,400 to €420,805
- Depreciation +€94,975
up €94,975 (+133%), from €71,319 to €166,294
- Financial income +€39,680
up €39,680 (+509%), from €7,798 to €47,478
- Financial charges +€31,733
up €31,733, from -€3,606 to €28,128
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€271,443
Gross operating margin
+€238,124
Staff costs
-€158,406
Depreciation
-€94,975
Other operating charges
-€5,104
Financial income
+€39,680
Financial charges
-€31,733
Taxes
-€968
Result 2024
€258,061
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€276,975
Investment
-€76,351
Financing
-€202,302
Cash 2023
€69,505
From operations (derived)
+€276,975
Net result for the year
+€258,061
Depreciation
+€166,294
Receivables within one year
-€143,107
Deferred charges and accrued income
-€4,434
Trade debts
-€13,231
Tax, wage and social debts
+€34,221
Other debts
-€36,828
Accrued charges and deferred income
+€16,000
Investment (derived)
-€76,351
Investment in fixed assets (net)
-€87,489
Current investments
+€11,137
Financing
-€202,302
Debts after one year
-€120,447
Current portion of long-term debt
-€25,466
Contributions, distributions and other
-€56,389
Cash 2024
€67,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,850,230 | €1,906,150 | +€55,920 | +3.0% |
| Fixed assets | 21/28 | €873,654 | €794,849 | -€78,806 | -9.0% |
| Intangible fixed assets | 21 | €745,753 | €661,304 | -€84,449 | -11.3% |
| Tangible fixed assets | 22/27 | €127,902 | €133,545 | +€5,643 | +4.4% |
| Plant, machinery and equipment | 23 | €2,536 | €2,017 | -€519 | -20.5% |
| Furniture and vehicles | 24 | €6,916 | €25,189 | +€18,273 | +264% |
| Leasing and similar rights | 25 | €90,610 | €84,145 | -€6,465 | -7.1% |
| Other tangible fixed assets | 26 | €27,839 | €22,194 | -€5,645 | -20.3% |
| Current assets | 29/58 | €976,575 | €1,111,301 | +€134,726 | +13.8% |
| Amounts receivable within one year | 40/41 | €220,765 | €363,872 | +€143,107 | +64.8% |
| Trade receivables | 40 | €52,230 | €99,799 | +€47,570 | +91.1% |
| Other amounts receivable | 41 | €168,535 | €264,072 | +€95,537 | +56.7% |
| Current investments | 50/53 | €680,119 | €668,982 | -€11,137 | -1.6% |
| Cash at bank and in hand | 54/58 | €69,505 | €67,828 | -€1,677 | -2.4% |
| Deferred charges and accrued income | 490/1 | €6,185 | €10,619 | +€4,434 | +71.7% |
| Total equity and liabilities | 10/49 | €1,850,230 | €1,906,150 | +€55,920 | +3.0% |
| Equity | 10/15 | €1,021,357 | €1,223,029 | +€201,672 | +19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,001,357 | €1,203,029 | +€201,672 | +20.1% |
| Distributable reserves | 133 | €1,001,357 | €1,203,029 | +€201,672 | +20.1% |
| Amounts payable | 17/49 | €828,872 | €683,121 | -€145,752 | -17.6% |
| Amounts payable after more than one year | 17 | €482,274 | €361,827 | -€120,447 | -25.0% |
| Financial debts | 170/4 | €482,274 | €361,827 | -€120,447 | -25.0% |
| Amounts payable within one year | 42/48 | €346,599 | €305,294 | -€41,305 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €168,459 | €142,994 | -€25,466 | -15.1% |
| Trade debts | 44 | €33,229 | €19,997 | -€13,231 | -39.8% |
| Suppliers | 440/4 | €33,229 | €19,997 | -€13,231 | -39.8% |
| Taxes, remuneration and social security | 45 | €86,026 | €120,246 | +€34,221 | +39.8% |
| Taxes | 450/3 | €26,807 | €37,133 | +€10,326 | +38.5% |
| Remuneration and social security | 454/9 | €59,218 | €83,113 | +€23,895 | +40.4% |
| Other amounts payable | 47/48 | €58,885 | €22,057 | -€36,828 | -62.5% |
| Accrued charges and deferred income | 492/3 | - | €16,000 | +€16,000 | |
| Non-recurring operating income | 76A | €11,668 | - | -€11,668 | |
| Remuneration, social security and pensions | 62 | €262,400 | €420,805 | +€158,406 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,319 | €166,294 | +€94,975 | +133% |
| Other operating charges | 640/8 | €4,787 | €9,891 | +€5,104 | +107% |
| Gross operating margin | 9900 | €703,908 | €942,032 | +€238,124 | +33.8% |
| Operating profit (loss) | 9901 | €365,403 | €345,042 | -€20,361 | -5.6% |
| Financial income | 75/76B | €7,798 | €47,478 | +€39,680 | +509% |
| Recurring financial income | 75 | €7,798 | €47,478 | +€39,680 | +509% |
| Financial charges | 65/66B | -€3,606 | €28,128 | +€31,733 | |
| Recurring financial charges | 65 | -€3,606 | €28,128 | +€31,733 | |
| Profit (loss) for the period before taxes | 9903 | €376,806 | €364,392 | -€12,414 | -3.3% |
| Income taxes | 67/77 | €105,363 | €106,331 | +€968 | +0.9% |
| Profit (loss) for the period | 9904 | €271,443 | €258,061 | -€13,383 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €271,443 | €258,061 | -€13,383 | -4.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.