ACSUREA: 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.
ACSUREA
Largest movements
- Tangible fixed assets +€358,381
up €358,381 (+107.6%), from €333,074 to €691,455
of which Other tangible fixed assets: +€282,040
- Cash -€259,208
down €259,208 (-19.2%), from €1.4m to €1.1m
mainly Investment in fixed assets (net) (-€420,648) and Contributions, distributions and other (-€144,375)
- Other debts +€166,182
up €166,182 (+34.5%), from €481,966 to €648,147
- Reserves -€56,427
down €56,427 (-5.0%), from €1.1m to €1.1m
of which Distributable reserves: -€56,427
- Depreciation +€39,300
up €39,300 (+171.1%), from €22,967 to €62,267
- Gross operating margin +€33,730
up €33,730 (+18.3%), from €184,205 to €217,935
- Financial income -€10,225
down €10,225 (-31.6%), from €32,381 to €22,156
- Taxes -€4,729
down €4,729 (-9.8%), from €48,233 to €43,503
- Financial charges +€2,851
up €2,851 (+7.9%), from €36,313 to €39,164
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.
Cash bridge derived
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 | €1,686,903 | €1,795,126 | +€108,223 | +6.4% |
| Fixed assets | 21/28 | €333,074 | €691,455 | +€358,381 | +107.6% |
| Tangible fixed assets | 22/27 | €333,074 | €691,455 | +€358,381 | +107.6% |
| Land and buildings | 22 | €24,500 | €62,440 | +€37,940 | +154.9% |
| Furniture and vehicles | 24 | €6,003 | €44,405 | +€38,401 | +639.7% |
| Other tangible fixed assets | 26 | €302,570 | €584,610 | +€282,040 | +93.2% |
| Current assets | 29/58 | €1,353,830 | €1,103,671 | -€250,159 | -18.5% |
| Amounts receivable within one year | 40/41 | - | €7,208 | +€7,208 | |
| Trade receivables | 40 | - | €69 | +€69 | |
| Other amounts receivable | 41 | - | €7,139 | +€7,139 | |
| Cash at bank and in hand | 54/58 | €1,351,285 | €1,092,077 | -€259,208 | -19.2% |
| Deferred charges and accrued income | 490/1 | €2,545 | €4,386 | +€1,840 | +72.3% |
| Total equity and liabilities | 10/49 | €1,686,903 | €1,795,126 | +€108,223 | +6.4% |
| Equity | 10/15 | €1,142,643 | €1,089,155 | -€53,487 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,940 | +€2,940 | |
| Reserves | 13 | €1,136,443 | €1,080,015 | -€56,427 | -5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,134,583 | €1,078,155 | -€56,427 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €544,261 | €705,970 | +€161,710 | +29.7% |
| Amounts payable within one year | 42/48 | €508,169 | €667,245 | +€159,076 | +31.3% |
| Trade debts | 44 | €2,574 | €4,446 | +€1,873 | +72.8% |
| Suppliers | 440/4 | €2,574 | €4,446 | +€1,873 | +72.8% |
| Taxes, remuneration and social security | 45 | €23,630 | €14,652 | -€8,979 | -38.0% |
| Taxes | 450/3 | €23,630 | €14,652 | -€8,979 | -38.0% |
| Other amounts payable | 47/48 | €481,966 | €648,147 | +€166,182 | +34.5% |
| Accrued charges and deferred income | 492/3 | €36,092 | €38,725 | +€2,634 | +7.3% |
| Non-recurring operating income | 76A | €11,700 | €0 | -€11,700 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,373 | €2,324 | +€951 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,967 | €62,267 | +€39,300 | +171.1% |
| Other operating charges | 640/8 | €2,697 | €1,945 | -€752 | -27.9% |
| Gross operating margin | 9900 | €184,205 | €217,935 | +€33,730 | +18.3% |
| Operating profit (loss) | 9901 | €157,168 | €151,400 | -€5,768 | -3.7% |
| Financial income | 75/76B | €32,381 | €22,156 | -€10,225 | -31.6% |
| Recurring financial income | 75 | €32,381 | €22,156 | -€10,225 | -31.6% |
| Financial charges | 65/66B | €36,313 | €39,164 | +€2,851 | +7.9% |
| Recurring financial charges | 65 | €36,313 | €39,164 | +€2,851 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €153,235 | €134,391 | -€18,844 | -12.3% |
| Income taxes | 67/77 | €48,233 | €43,503 | -€4,729 | -9.8% |
| Profit (loss) for the period | 9904 | €105,003 | €90,888 | -€14,115 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,003 | €90,888 | -€14,115 | -13.4% |
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 11 October 2026 via checked.be.