ASSA: what changed
Two fiscal 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.
ASSA
Largest movements
- Receivables within one year -€17,720
down €17,720 (-33.7%), from €52,591 to €34,871
of which Trade receivables: -€31,685
- Tangible fixed assets -€13,261
down €13,261 (-24.6%), from €53,926 to €40,664
of which Furniture and vehicles: -€13,813
- Cash -€5,955
down €5,955 (-6.9%), from €85,769 to €79,814
mainly Advances received (-€38,310) and Debts after one year (-€23,475)
- Deferred charges and accrued income +€4,912
new in 2024: €4,912
- Advances received -€38,310
no longer reported in 2024 (was €38,310)
- Tax, wage and social debts +€28,328
up €28,328 (+265.3%), from €10,678 to €39,006
- Debts after one year -€23,475
down €23,475 (-47.0%), from €49,900 to €26,425
- Current portion of long-term debt +€12,124
new in 2024: €12,124
- Trade debts -€8,651
down €8,651 (-7.9%), from €109,373 to €100,722
- Gross operating margin +€17,587
up €17,587 (+99.9%), from €17,602 to €35,190
- Depreciation +€14,997
up €14,997 (+275.0%), from €5,453 to €20,450
- Financial charges +€3,544
up €3,544 (+1854.4%), from €191 to €3,735
- Taxes +€2,064
up €2,064 (+131.1%), from €1,575 to €3,639
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,974 | €256,300 | -€35,674 | -12.2% |
| Fixed assets | 21/28 | €104,797 | €90,035 | -€14,761 | -14.1% |
| Intangible fixed assets | 21 | €50,871 | €49,371 | -€1,500 | -2.9% |
| Tangible fixed assets | 22/27 | €53,926 | €40,664 | -€13,261 | -24.6% |
| Plant, machinery and equipment | 23 | - | €551 | +€551 | |
| Furniture and vehicles | 24 | €53,926 | €40,113 | -€13,813 | -25.6% |
| Current assets | 29/58 | €187,178 | €166,265 | -€20,913 | -11.2% |
| Stocks and contracts in progress | 3 | €48,818 | €46,668 | -€2,150 | -4.4% |
| Stocks | 30/36 | €48,818 | €46,668 | -€2,150 | -4.4% |
| Amounts receivable within one year | 40/41 | €52,591 | €34,871 | -€17,720 | -33.7% |
| Trade receivables | 40 | €32,165 | €480 | -€31,685 | -98.5% |
| Other amounts receivable | 41 | €20,426 | €34,392 | +€13,965 | +68.4% |
| Cash at bank and in hand | 54/58 | €85,769 | €79,814 | -€5,955 | -6.9% |
| Deferred charges and accrued income | 490/1 | - | €4,912 | +€4,912 | |
| Total equity and liabilities | 10/49 | €291,974 | €256,300 | -€35,674 | -12.2% |
| Equity | 10/15 | €76,286 | €78,023 | +€1,737 | +2.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,286 | €58,023 | +€1,737 | +3.1% |
| Amounts payable | 17/49 | €215,689 | €178,277 | -€37,412 | -17.3% |
| Amounts payable after more than one year | 17 | €49,900 | €26,425 | -€23,475 | -47.0% |
| Financial debts | 170/4 | €49,900 | €26,425 | -€23,475 | -47.0% |
| Amounts payable within one year | 42/48 | €165,789 | €151,852 | -€13,937 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,124 | +€12,124 | |
| Trade debts | 44 | €109,373 | €100,722 | -€8,651 | -7.9% |
| Suppliers | 440/4 | €109,373 | €100,722 | -€8,651 | -7.9% |
| Advances received on contracts in progress | 46 | €38,310 | - | -€38,310 | |
| Taxes, remuneration and social security | 45 | €10,678 | €39,006 | +€28,328 | +265.3% |
| Taxes | 450/3 | €10,678 | €39,006 | +€28,328 | +265.3% |
| Other amounts payable | 47/48 | €7,428 | - | -€7,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,453 | €20,450 | +€14,997 | +275.0% |
| Other operating charges | 640/8 | €5,930 | €5,842 | -€88 | -1.5% |
| Gross operating margin | 9900 | €17,602 | €35,190 | +€17,587 | +99.9% |
| Operating profit (loss) | 9901 | €6,219 | €8,898 | +€2,678 | +43.1% |
| Financial income | 75/76B | - | €214 | +€214 | |
| Recurring financial income | 75 | - | €214 | +€214 | |
| Financial charges | 65/66B | €191 | €3,735 | +€3,544 | +1854.4% |
| Recurring financial charges | 65 | €191 | €3,735 | +€3,544 | +1854.4% |
| Profit (loss) for the period before taxes | 9903 | €6,028 | €5,377 | -€651 | -10.8% |
| Income taxes | 67/77 | €1,575 | €3,639 | +€2,064 | +131.1% |
| Profit (loss) for the period | 9904 | €4,453 | €1,737 | -€2,716 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,453 | €1,737 | -€2,716 | -61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.