AM-ASSUR: 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.
AM-ASSUR
Largest movements
- Intangible fixed assets -€55,000
down €55,000 (-10.0%), from €550,000 to €495,000
- Deferred charges and accrued income +€16,222
new in 2025: €16,222
- Tangible fixed assets +€13,278
new in 2025: €13,278
- Cash +€13,103
up €13,103, from €0 to €13,103
mainly Depreciation (+€58,941) and Other debts (+€30,284)
- Debts after one year -€45,905
down €45,905 (-9.7%), from €475,607 to €429,702
- Other debts +€30,284
up €30,284 (+77.7%), from €38,974 to €69,258
- Profit (loss) carried forward -€8,083
down €8,083 (-65.2%), from -€12,396 to -€20,479
- Tax, wage and social debts +€6,441
new in 2025: €6,441
of which Remuneration and social security: +€6,309
- Gross operating margin +€115,325
up €115,325, from -€7,058 to €108,267
- Depreciation +€58,941
new in 2025: €58,941
- Staff costs +€37,391
new in 2025: €37,391
- Financial charges +€12,759
up €12,759 (+195%), from €6,545 to €19,304
- Financial income -€1,258
down €1,258 (-100%), from €1,258 to €0
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 | €550,000 | €537,603 | -€12,397 | -2.3% |
| Fixed assets | 21/28 | €550,000 | €508,278 | -€41,722 | -7.6% |
| Intangible fixed assets | 21 | €550,000 | €495,000 | -€55,000 | -10.0% |
| Tangible fixed assets | 22/27 | - | €13,278 | +€13,278 | |
| Furniture and vehicles | 24 | - | €13,278 | +€13,278 | |
| Current assets | 29/58 | €0 | €29,325 | +€29,325 | |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €0 | €13,103 | +€13,103 | |
| Deferred charges and accrued income | 490/1 | - | €16,222 | +€16,222 | |
| Total equity and liabilities | 10/49 | €550,000 | €537,603 | -€12,397 | -2.3% |
| Equity | 10/15 | -€9,896 | -€17,979 | -€8,083 | -81.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,396 | -€20,479 | -€8,083 | -65.2% |
| Amounts payable | 17/49 | €559,896 | €555,582 | -€4,314 | -0.8% |
| Amounts payable after more than one year | 17 | €475,607 | €429,702 | -€45,905 | -9.7% |
| Financial debts | 170/4 | €475,607 | €429,702 | -€45,905 | -9.7% |
| Amounts payable within one year | 42/48 | €83,551 | €123,567 | +€40,016 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €44,393 | €45,905 | +€1,513 | +3.4% |
| Financial debts | 43 | €97 | €0 | -€97 | -100% |
| Credit institutions | 430/8 | €97 | €0 | -€97 | -100% |
| Trade debts | 44 | €87 | €1,963 | +€1,875 | +2,153% |
| Suppliers | 440/4 | €87 | €1,963 | +€1,875 | +2,153% |
| Taxes, remuneration and social security | 45 | - | €6,441 | +€6,441 | |
| Taxes | 450/3 | - | €132 | +€132 | |
| Remuneration and social security | 454/9 | - | €6,309 | +€6,309 | |
| Other amounts payable | 47/48 | €38,974 | €69,258 | +€30,284 | +77.7% |
| Accrued charges and deferred income | 492/3 | €737 | €2,312 | +€1,575 | +214% |
| Remuneration, social security and pensions | 62 | - | €37,391 | +€37,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58,941 | +€58,941 | |
| Other operating charges | 640/8 | €50 | €582 | +€532 | +1,065% |
| Gross operating margin | 9900 | -€7,058 | €108,267 | +€115,325 | |
| Operating profit (loss) | 9901 | -€7,108 | €11,353 | +€18,461 | |
| Financial income | 75/76B | €1,258 | €0 | -€1,258 | -100% |
| Recurring financial income | 75 | €1,258 | €0 | -€1,258 | -100% |
| Financial charges | 65/66B | €6,545 | €19,304 | +€12,759 | +195% |
| Recurring financial charges | 65 | €6,545 | €19,304 | +€12,759 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€12,396 | -€7,951 | +€4,444 | +35.9% |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€12,396 | -€8,083 | +€4,312 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,396 | -€8,083 | +€4,312 | +34.8% |
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 22 October 2026 via checked.be.