VERZEKERINGEN J. VANTIEGHEM: 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 J. VANTIEGHEM
Largest movements
- Current investments -€90,000
down €90,000 (-69.2%), from €130,000 to €40,000
- Cash +€37,744
up €37,744 (+35.7%), from €105,864 to €143,608
mainly Current investments (+€90,000) and Debts after one year (+€82,872)
- Receivables within one year +€30,042
up €30,042 (+75.8%), from €39,651 to €69,694
of which Trade receivables: +€26,200
- Tangible fixed assets -€22,269
down €22,269 (-5.8%), from €384,407 to €362,138
of which Furniture and vehicles: -€14,020
- Deferred charges and accrued income +€11,375
up €11,375 (+431%), from €2,641 to €14,016
- Debts after one year +€82,872
up €82,872 (+43.6%), from €190,046 to €272,917
of which Other amounts payable: +€103,898
- Trade debts -€68,731
down €68,731 (-41.5%), from €165,721 to €96,990
- Reserves -€55,019
down €55,019 (-19.4%), from €283,321 to €228,302
- Gross operating margin -€7,317
down €7,317 (-3.3%), from €223,949 to €216,632
- Staff costs +€6,868
up €6,868 (+9.6%), from €71,776 to €78,643
- Depreciation -€5,463
down €5,463 (-12.3%), from €44,340 to €38,877
- Taxes -€3,958
down €3,958 (-13.8%), from €28,667 to €24,709
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 | €677,645 | €637,301 | -€40,344 | -6.0% |
| Fixed assets | 21/28 | €399,488 | €369,983 | -€29,505 | -7.4% |
| Intangible fixed assets | 21 | €15,081 | €7,845 | -€7,237 | -48.0% |
| Tangible fixed assets | 22/27 | €384,407 | €362,138 | -€22,269 | -5.8% |
| Land and buildings | 22 | €314,043 | €313,047 | -€995 | -0.3% |
| Plant, machinery and equipment | 23 | €34,709 | €27,456 | -€7,254 | -20.9% |
| Furniture and vehicles | 24 | €35,655 | €21,635 | -€14,020 | -39.3% |
| Current assets | 29/58 | €278,156 | €267,318 | -€10,839 | -3.9% |
| Amounts receivable within one year | 40/41 | €39,651 | €69,694 | +€30,042 | +75.8% |
| Trade receivables | 40 | €32,756 | €58,957 | +€26,200 | +80.0% |
| Other amounts receivable | 41 | €6,895 | €10,737 | +€3,842 | +55.7% |
| Current investments | 50/53 | €130,000 | €40,000 | -€90,000 | -69.2% |
| Cash at bank and in hand | 54/58 | €105,864 | €143,608 | +€37,744 | +35.7% |
| Deferred charges and accrued income | 490/1 | €2,641 | €14,016 | +€11,375 | +431% |
| Total equity and liabilities | 10/49 | €677,645 | €637,301 | -€40,344 | -6.0% |
| Equity | 10/15 | €283,321 | €228,302 | -€55,019 | -19.4% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €283,321 | €228,302 | -€55,019 | -19.4% |
| Distributable reserves | 133 | €283,321 | €228,302 | -€55,019 | -19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €394,324 | €408,999 | +€14,675 | +3.7% |
| Amounts payable after more than one year | 17 | €190,046 | €272,917 | +€82,872 | +43.6% |
| Financial debts | 170/4 | €69,300 | €48,274 | -€21,026 | -30.3% |
| Other amounts payable | 178/9 | €120,746 | €224,643 | +€103,898 | +86.0% |
| Amounts payable within one year | 42/48 | €204,278 | €136,081 | -€68,197 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €22,230 | €21,026 | -€1,204 | -5.4% |
| Trade debts | 44 | €165,721 | €96,990 | -€68,731 | -41.5% |
| Suppliers | 440/4 | €165,721 | €96,990 | -€68,731 | -41.5% |
| Taxes, remuneration and social security | 45 | €16,327 | €18,066 | +€1,738 | +10.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €16,327 | €18,066 | +€1,738 | +10.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €250 | €0 | -€250 | -100% |
| Remuneration, social security and pensions | 62 | €71,776 | €78,643 | +€6,868 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,340 | €38,877 | -€5,463 | -12.3% |
| Other operating charges | 640/8 | €2,997 | €3,152 | +€155 | +5.2% |
| Gross operating margin | 9900 | €223,949 | €216,632 | -€7,317 | -3.3% |
| Operating profit (loss) | 9901 | €104,836 | €95,960 | -€8,877 | -8.5% |
| Financial income | 75/76B | €2,079 | €1,794 | -€284 | -13.7% |
| Recurring financial income | 75 | €2,079 | €1,794 | -€284 | -13.7% |
| Financial charges | 65/66B | €15,945 | €17,064 | +€1,119 | +7.0% |
| Recurring financial charges | 65 | €15,945 | €17,064 | +€1,119 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €90,970 | €80,690 | -€10,280 | -11.3% |
| Income taxes | 67/77 | €28,667 | €24,709 | -€3,958 | -13.8% |
| Profit (loss) for the period | 9904 | €62,303 | €55,981 | -€6,321 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,303 | €55,981 | -€6,321 | -10.1% |
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.