VS INSURANCE: what changed
VS INSURANCE
Largest movements
- Deferred charges and accrued income +€85,334
up €85,334 (+67.1%), from €127,227 to €212,561
- Intangible fixed assets +€81,419
up €81,419 (+37.4%), from €217,713 to €299,131
- Cash +€41,395
up €41,395 (+977%), from €4,237 to €45,632
mainly Other debts (+€237,500) and Depreciation (+€53,786)
- Tangible fixed assets -€8,095
down €8,095 (-54.1%), from €14,973 to €6,878
of which Furniture and vehicles: -€6,354
- Other debts +€237,500
up €237,500 (+255%), from €93,000 to €330,500
- Trade debts -€37,358
down €37,358 (-59.0%), from €63,340 to €25,983
- Reserves -€26,671
down €26,671 (-31.5%), from €84,617 to €57,946
- Accrued charges and deferred income +€15,317
up €15,317 (+14.7%), from €104,389 to €119,705
- Tax, wage and social debts +€10,951
up €10,951 (+25.8%), from €42,374 to €53,325
of which Taxes: +€9,871
- Gross operating margin -€82,205
down €82,205 (-19.0%), from €433,488 to €351,283
- Taxes -€25,114
down €25,114 (-99.4%), from €25,274 to €160
- Depreciation +€16,060
up €16,060 (+42.6%), from €37,726 to €53,786
- Staff costs +€14,808
up €14,808 (+5.0%), from €297,496 to €312,304
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,320 | €606,059 | +€199,739 | +49.2% |
| Fixed assets | 21/28 | €233,886 | €307,209 | +€73,323 | +31.4% |
| Intangible fixed assets | 21 | €217,713 | €299,131 | +€81,419 | +37.4% |
| Tangible fixed assets | 22/27 | €14,973 | €6,878 | -€8,095 | -54.1% |
| Furniture and vehicles | 24 | €11,324 | €4,970 | -€6,354 | -56.1% |
| Other tangible fixed assets | 26 | €3,650 | €1,908 | -€1,741 | -47.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €172,434 | €298,849 | +€126,415 | +73.3% |
| Amounts receivable within one year | 40/41 | €40,970 | €40,656 | -€314 | -0.8% |
| Trade receivables | 40 | €154 | €0 | -€154 | -100% |
| Other amounts receivable | 41 | €40,816 | €40,656 | -€160 | -0.4% |
| Cash at bank and in hand | 54/58 | €4,237 | €45,632 | +€41,395 | +977% |
| Deferred charges and accrued income | 490/1 | €127,227 | €212,561 | +€85,334 | +67.1% |
| Total equity and liabilities | 10/49 | €406,320 | €606,059 | +€199,739 | +49.2% |
| Equity | 10/15 | €103,217 | €76,546 | -€26,671 | -25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,617 | €57,946 | -€26,671 | -31.5% |
| Distributable reserves | 133 | €84,617 | €57,946 | -€26,671 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €303,103 | €529,513 | +€226,410 | +74.7% |
| Amounts payable within one year | 42/48 | €198,714 | €409,808 | +€211,093 | +106% |
| Trade debts | 44 | €63,340 | €25,983 | -€37,358 | -59.0% |
| Suppliers | 440/4 | €63,340 | €25,983 | -€37,358 | -59.0% |
| Taxes, remuneration and social security | 45 | €42,374 | €53,325 | +€10,951 | +25.8% |
| Taxes | 450/3 | €0 | €9,871 | +€9,871 | |
| Remuneration and social security | 454/9 | €42,374 | €43,454 | +€1,080 | +2.5% |
| Other amounts payable | 47/48 | €93,000 | €330,500 | +€237,500 | +255% |
| Accrued charges and deferred income | 492/3 | €104,389 | €119,705 | +€15,317 | +14.7% |
| Remuneration, social security and pensions | 62 | €297,496 | €312,304 | +€14,808 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,726 | €53,786 | +€16,060 | +42.6% |
| Other operating charges | 640/8 | €1,044 | €737 | -€307 | -29.4% |
| Non-recurring operating charges | 66A | - | €282 | +€282 | |
| Gross operating margin | 9900 | €433,488 | €351,283 | -€82,205 | -19.0% |
| Operating profit (loss) | 9901 | €97,222 | -€15,826 | -€113,047 | |
| Financial income | 75/76B | €2,940 | €0 | -€2,940 | -100% |
| Recurring financial income | 75 | €2,940 | €0 | -€2,940 | -100% |
| Financial charges | 65/66B | €7,692 | €10,685 | +€2,994 | +38.9% |
| Recurring financial charges | 65 | €7,692 | €10,685 | +€2,994 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €92,469 | -€26,511 | -€118,981 | |
| Income taxes | 67/77 | €25,274 | €160 | -€25,114 | -99.4% |
| Profit (loss) for the period | 9904 | €67,195 | -€26,671 | -€93,866 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €67,195 | -€26,671 | -€93,866 |
Next steps
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 2 November 2026 via checked.be.