ASSABBAN: 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.
ASSABBAN
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+191.6%), from €761,635 to €2.2m
of which Land and buildings: +€1.5m
- Cash +€149,576
up €149,576 (+22.3%), from €669,877 to €819,453
mainly Contributions, distributions and other (+€1.7m) and Depreciation (+€220,718)
- Stocks and contracts -€92,626
down €92,626 (-18.0%), from €515,221 to €422,595
- Receivables within one year -€43,777
down €43,777 (-16.7%), from €261,386 to €217,609
of which Trade receivables: -€31,962
- Revaluation surpluses +€1.7m
new in 2025: €1.7m
- Profit (loss) carried forward -€165,140
down €165,140 (-13.0%), from €1.3m to €1.1m
- Trade debts -€59,538
down €59,538 (-30.2%), from €197,080 to €137,542
- Turnover -€3.4m
no longer reported in 2025 (was €3.4m)
- Purchases and services -€2.6m
no longer reported in 2025 (was €2.6m)
- Depreciation +€79,726
up €79,726 (+56.5%), from €140,992 to €220,718
- Gross operating margin -€53,804
down €53,804 (-6.5%), from €828,182 to €774,378
- Staff costs -€36,091
down €36,091 (-5.4%), from €672,855 to €636,764
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 | €2,222,386 | €3,680,508 | +€1.5m | +65.6% |
| Fixed assets | 21/28 | €761,655 | €2,220,851 | +€1.5m | +191.6% |
| Tangible fixed assets | 22/27 | €761,635 | €2,220,831 | +€1.5m | +191.6% |
| Land and buildings | 22 | €749,047 | €2,214,753 | +€1.5m | +195.7% |
| Plant, machinery and equipment | 23 | €11,043 | €5,305 | -€5,738 | -52.0% |
| Furniture and vehicles | 24 | €1,545 | €773 | -€772 | -50.0% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €1,460,731 | €1,459,657 | -€1,074 | -0.1% |
| Stocks and contracts in progress | 3 | €515,221 | €422,595 | -€92,626 | -18.0% |
| Stocks | 30/36 | €515,221 | €422,595 | -€92,626 | -18.0% |
| Amounts receivable within one year | 40/41 | €261,386 | €217,609 | -€43,777 | -16.7% |
| Trade receivables | 40 | €146,572 | €114,610 | -€31,962 | -21.8% |
| Other amounts receivable | 41 | €114,814 | €102,999 | -€11,815 | -10.3% |
| Cash at bank and in hand | 54/58 | €669,877 | €819,453 | +€149,576 | +22.3% |
| Deferred charges and accrued income | 490/1 | €14,247 | - | -€14,247 | |
| Total equity and liabilities | 10/49 | €2,222,386 | €3,680,508 | +€1.5m | +65.6% |
| Equity | 10/15 | €1,928,515 | €3,439,387 | +€1.5m | +78.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,676,012 | +€1.7m | |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,268,515 | €1,103,375 | -€165,140 | -13.0% |
| Amounts payable | 17/49 | €293,871 | €241,121 | -€52,750 | -18.0% |
| Amounts payable within one year | 42/48 | €293,871 | €241,121 | -€52,750 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €197,080 | €137,542 | -€59,538 | -30.2% |
| Suppliers | 440/4 | €197,080 | €137,542 | -€59,538 | -30.2% |
| Taxes, remuneration and social security | 45 | €96,791 | €96,958 | +€167 | +0.2% |
| Taxes | 450/3 | €5,750 | €972 | -€4,778 | -83.1% |
| Remuneration and social security | 454/9 | €91,041 | €95,986 | +€4,945 | +5.4% |
| Other amounts payable | 47/48 | - | €6,621 | +€6,621 | |
| Turnover | 70 | €3,436,786 | - | -€3.4m | |
| Non-recurring operating income | 76A | - | €188 | +€188 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,608,603 | - | -€2.6m | |
| Remuneration, social security and pensions | 62 | €672,855 | €636,764 | -€36,091 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,992 | €220,718 | +€79,726 | +56.5% |
| Other operating charges | 640/8 | €97,218 | €69,974 | -€27,244 | -28.0% |
| Non-recurring operating charges | 66A | - | €1,997 | +€1,997 | |
| Gross operating margin | 9900 | €828,182 | €774,378 | -€53,804 | -6.5% |
| Operating profit (loss) | 9901 | -€82,883 | -€155,075 | -€72,192 | -87.1% |
| Financial income | 75/76B | €3,056 | €7,249 | +€4,193 | +137.2% |
| Recurring financial income | 75 | €3,056 | €7,249 | +€4,193 | +137.2% |
| Financial charges | 65/66B | €29,624 | €17,314 | -€12,310 | -41.6% |
| Recurring financial charges | 65 | €14,817 | €17,314 | +€2,497 | +16.9% |
| Non-recurring financial charges | 66B | €14,807 | - | -€14,807 | |
| Profit (loss) for the period before taxes | 9903 | -€109,451 | -€165,140 | -€55,689 | -50.9% |
| Profit (loss) for the period | 9904 | -€109,451 | -€165,140 | -€55,689 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,451 | -€165,140 | -€55,689 | -50.9% |
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 9 October 2026 via checked.be.