PFA GROUP: what changed
What changed
PFA GROUP
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€87,414
2024 · €33,083+€54,331
Equity
€106,434
2024 · €84,020+€22,414
Cash
€11,388
2024 · €6,575+€4,812
Balance sheet total
€342,770
2024 · €364,063-€21,293
Largest movements
Assets
- Intangible fixed assets -€23,698
down €23,698 (-8.2%), from €288,745 to €265,046
- Tangible fixed assets -€4,861
down €4,861 (-41.1%), from €11,819 to €6,958
of which Furniture and vehicles: -€3,713
- Cash +€4,812
up €4,812 (+73.2%), from €6,575 to €11,388
mainly Net result for the year (+€87,414) and Depreciation (+€31,850)
Equity and liabilities
- Other debts -€69,658
down €69,658 (-29.4%), from €237,118 to €167,460
- Short-term financial debts +€24,000
new in 2025: €24,000
- Reserves +€22,414
up €22,414 (+226%), from €9,920 to €32,334
Income statement
- Gross operating margin +€66,394
up €66,394 (+22.3%), from €297,201 to €363,595
- Taxes +€33,940
up €33,940 (+631%), from €5,376 to €39,317
- Depreciation -€10,649
down €10,649 (-25.1%), from €42,499 to €31,850
- Staff costs -€9,675
down €9,675 (-4.5%), from €213,459 to €203,784
Change in the result, 2024 to 2025
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 2024
€33,083
Gross operating margin
+€66,394
Staff costs
+€9,675
Depreciation
+€10,649
Other operating charges
-€57
Financial income
+€13
Financial charges
+€1,597
Taxes
-€33,940
Result 2025
€87,414
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,104
Investment
-€3,291
Financing
-€41,000
Cash 2024
€6,575
From operations (derived)
+€49,104
Net result for the year
+€87,414
Depreciation
+€31,850
Receivables within one year
-€1,953
Deferred charges and accrued income
-€500
Trade debts
-€729
Tax, wage and social debts
+€2,605
Other debts
-€69,658
Accrued charges and deferred income
+€74
Investment (derived)
-€3,291
Investment in fixed assets (net)
-€3,291
Financing
-€41,000
Short-term financial debts
+€24,000
Contributions, distributions and other
-€65,000
Cash 2025
€11,388
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,063 | €342,770 | -€21,293 | -5.8% |
| Fixed assets | 21/28 | €300,563 | €272,005 | -€28,559 | -9.5% |
| Intangible fixed assets | 21 | €288,745 | €265,046 | -€23,698 | -8.2% |
| Tangible fixed assets | 22/27 | €11,819 | €6,958 | -€4,861 | -41.1% |
| Plant, machinery and equipment | 23 | €247 | €150 | -€97 | -39.2% |
| Furniture and vehicles | 24 | €8,880 | €5,167 | -€3,713 | -41.8% |
| Other tangible fixed assets | 26 | €2,691 | €1,641 | -€1,051 | -39.0% |
| Current assets | 29/58 | €63,499 | €70,765 | +€7,266 | +11.4% |
| Amounts receivable within one year | 40/41 | €54,761 | €56,714 | +€1,953 | +3.6% |
| Trade receivables | 40 | €389 | - | -€389 | |
| Other amounts receivable | 41 | €54,372 | €56,714 | +€2,342 | +4.3% |
| Cash at bank and in hand | 54/58 | €6,575 | €11,388 | +€4,812 | +73.2% |
| Deferred charges and accrued income | 490/1 | €2,163 | €2,664 | +€500 | +23.1% |
| Total equity and liabilities | 10/49 | €364,063 | €342,770 | -€21,293 | -5.8% |
| Equity | 10/15 | €84,020 | €106,434 | +€22,414 | +26.7% |
| Contributions | 10/11 | €74,100 | €74,100 | = | 0.0% |
| Reserves | 13 | €9,920 | €32,334 | +€22,414 | +226% |
| Distributable reserves | 133 | €9,920 | €32,334 | +€22,414 | +226% |
| Amounts payable | 17/49 | €280,042 | €236,335 | -€43,707 | -15.6% |
| Amounts payable within one year | 42/48 | €280,042 | €236,261 | -€43,781 | -15.6% |
| Financial debts | 43 | - | €24,000 | +€24,000 | |
| Credit institutions | 430/8 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €3,541 | €2,813 | -€729 | -20.6% |
| Suppliers | 440/4 | €3,541 | €2,813 | -€729 | -20.6% |
| Taxes, remuneration and social security | 45 | €39,383 | €41,988 | +€2,605 | +6.6% |
| Taxes | 450/3 | €10,716 | €12,999 | +€2,284 | +21.3% |
| Remuneration and social security | 454/9 | €28,667 | €28,988 | +€322 | +1.1% |
| Other amounts payable | 47/48 | €237,118 | €167,460 | -€69,658 | -29.4% |
| Accrued charges and deferred income | 492/3 | - | €74 | +€74 | |
| Remuneration, social security and pensions | 62 | €213,459 | €203,784 | -€9,675 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,499 | €31,850 | -€10,649 | -25.1% |
| Other operating charges | 640/8 | €610 | €666 | +€57 | +9.3% |
| Gross operating margin | 9900 | €297,201 | €363,595 | +€66,394 | +22.3% |
| Operating profit (loss) | 9901 | €40,633 | €127,295 | +€86,662 | +213% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €2,174 | €577 | -€1,597 | -73.4% |
| Recurring financial charges | 65 | €254 | €188 | -€66 | -26.0% |
| Non-recurring financial charges | 66B | €1,919 | €389 | -€1,530 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €38,459 | €126,731 | +€88,272 | +230% |
| Income taxes | 67/77 | €5,376 | €39,317 | +€33,940 | +631% |
| Profit (loss) for the period | 9904 | €33,083 | €87,414 | +€54,331 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €33,083 | €87,414 | +€54,331 | +164% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.