ASSAL & CO: 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.
ASSAL & CO
Largest movements
- Cash -€46,067
down €46,067 (-48.7%), from €94,610 to €48,543
mainly Trade debts (-€62,452) and Tax, wage and social debts (-€24,178)
- Receivables within one year +€13,278
up €13,278 (+9.2%), from €143,715 to €156,994
of which Trade receivables: +€40,455
- Tangible fixed assets -€6,011
down €6,011 (-16.1%), from €37,221 to €31,211
of which Other tangible fixed assets: -€4,800
- Financial fixed assets -€5,100
down €5,100 (-50.0%), from €10,200 to €5,100
- Deferred charges and accrued income +€4,415
new in 2025: €4,415
- Trade debts -€62,452
down €62,452 (-87.8%), from €71,114 to €8,662
- Advances received +€38,440
new in 2025: €38,440
- Other debts +€32,656
up €32,656 (+30.6%), from €106,658 to €139,314
- Tax, wage and social debts -€24,178
down €24,178 (-89.6%), from €26,996 to €2,818
- Profit (loss) carried forward -€23,950
down €23,950 (-30.7%), from €77,979 to €54,029
- Gross operating margin -€25,292
down €25,292, from €10,233 to -€15,058
- Taxes -€1,702
down €1,702 (-93.1%), from €1,827 to €125
- Financial charges +€931
up €931 (+74.3%), from €1,254 to €2,186
- Other operating charges +€388
up €388 (+56.2%), from €691 to €1,079
- Financial income +€287
up €287 (+129%), from €222 to €509
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 | €285,747 | €246,262 | -€39,484 | -13.8% |
| Fixed assets | 21/28 | €47,421 | €36,311 | -€11,111 | -23.4% |
| Tangible fixed assets | 22/27 | €37,221 | €31,211 | -€6,011 | -16.1% |
| Plant, machinery and equipment | 23 | €732 | €523 | -€209 | -28.5% |
| Furniture and vehicles | 24 | €1,791 | €789 | -€1,001 | -55.9% |
| Other tangible fixed assets | 26 | €34,698 | €29,898 | -€4,800 | -13.8% |
| Financial fixed assets | 28 | €10,200 | €5,100 | -€5,100 | -50.0% |
| Current assets | 29/58 | €238,326 | €209,952 | -€28,374 | -11.9% |
| Amounts receivable within one year | 40/41 | €143,715 | €156,994 | +€13,278 | +9.2% |
| Trade receivables | 40 | €105,046 | €145,501 | +€40,455 | +38.5% |
| Other amounts receivable | 41 | €38,669 | €11,493 | -€27,177 | -70.3% |
| Cash at bank and in hand | 54/58 | €94,610 | €48,543 | -€46,067 | -48.7% |
| Deferred charges and accrued income | 490/1 | - | €4,415 | +€4,415 | |
| Total equity and liabilities | 10/49 | €285,747 | €246,262 | -€39,484 | -13.8% |
| Equity | 10/15 | €80,979 | €57,029 | -€23,950 | -29.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,979 | €54,029 | -€23,950 | -30.7% |
| Amounts payable | 17/49 | €204,768 | €189,233 | -€15,535 | -7.6% |
| Amounts payable within one year | 42/48 | €204,768 | €189,233 | -€15,535 | -7.6% |
| Trade debts | 44 | €71,114 | €8,662 | -€62,452 | -87.8% |
| Suppliers | 440/4 | €71,114 | €8,662 | -€62,452 | -87.8% |
| Advances received on contracts in progress | 46 | - | €38,440 | +€38,440 | |
| Taxes, remuneration and social security | 45 | €26,996 | €2,818 | -€24,178 | -89.6% |
| Taxes | 450/3 | €26,996 | €2,818 | -€24,178 | -89.6% |
| Other amounts payable | 47/48 | €106,658 | €139,314 | +€32,656 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,941 | €6,011 | +€70 | +1.2% |
| Other operating charges | 640/8 | €691 | €1,079 | +€388 | +56.2% |
| Non-recurring operating charges | 66A | €1,250 | - | -€1,250 | |
| Gross operating margin | 9900 | €10,233 | -€15,058 | -€25,292 | |
| Operating profit (loss) | 9901 | €2,352 | -€22,148 | -€24,500 | |
| Financial income | 75/76B | €222 | €509 | +€287 | +129% |
| Recurring financial income | 75 | €222 | €509 | +€287 | +129% |
| Financial charges | 65/66B | €1,254 | €2,186 | +€931 | +74.3% |
| Recurring financial charges | 65 | €1,254 | €2,186 | +€931 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €1,320 | -€23,824 | -€25,144 | |
| Income taxes | 67/77 | €1,827 | €125 | -€1,702 | -93.1% |
| Profit (loss) for the period | 9904 | -€507 | -€23,950 | -€23,442 | -4,623% |
| Profit (loss) for the period to be appropriated | 9905 | -€507 | -€23,950 | -€23,442 | -4,623% |
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 18 October 2026 via checked.be.