ASSECURE: 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.
ASSECURE
Largest movements
- Tangible fixed assets -€56,609
down €56,609 (-15.7%), from €361,643 to €305,034
of which Furniture and vehicles: -€44,153
- Receivables within one year +€40,349
up €40,349 (+6.5%), from €616,366 to €656,715
of which Other amounts receivable: +€33,905
- Current investments +€37,904
up €37,904 (+17.2%), from €220,719 to €258,623
- Cash -€27,207
down €27,207 (-59.6%), from €45,655 to €18,448
mainly Contributions, distributions and other (-€484,111) and Trade debts (-€196,697)
- Other debts +€323,693
up €323,693 (+208.7%), from €155,100 to €478,793
- Reserves -€210,226
down €210,226 (-34.2%), from €615,391 to €405,165
of which Distributable reserves: -€210,226
- Trade debts -€196,697
down €196,697 (-85.2%), from €230,931 to €34,234
- Tax, wage and social debts +€59,117
up €59,117 (+31.4%), from €188,411 to €247,528
of which Taxes: +€95,651
- Contributions +€21,253
up €21,253 (+218.3%), from €9,736 to €30,988
- Write-downs +€46,698
new in 2025: €46,698
- Depreciation -€34,433
down €34,433 (-32.9%), from €104,668 to €70,235
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 | €1,286,490 | €1,273,946 | -€12,544 | -1.0% |
| Fixed assets | 21/28 | €371,110 | €310,066 | -€61,044 | -16.4% |
| Intangible fixed assets | 21 | €4,167 | €2,132 | -€2,034 | -48.8% |
| Tangible fixed assets | 22/27 | €361,643 | €305,034 | -€56,609 | -15.7% |
| Plant, machinery and equipment | 23 | €3,050 | €30,573 | +€27,523 | +902.4% |
| Furniture and vehicles | 24 | €56,874 | €12,721 | -€44,153 | -77.6% |
| Other tangible fixed assets | 26 | €301,719 | €261,740 | -€39,979 | -13.3% |
| Financial fixed assets | 28 | €5,300 | €2,900 | -€2,400 | -45.3% |
| Current assets | 29/58 | €915,380 | €963,880 | +€48,500 | +5.3% |
| Amounts receivable within one year | 40/41 | €616,366 | €656,715 | +€40,349 | +6.5% |
| Trade receivables | 40 | €358,380 | €364,825 | +€6,445 | +1.8% |
| Other amounts receivable | 41 | €257,986 | €291,891 | +€33,905 | +13.1% |
| Current investments | 50/53 | €220,719 | €258,623 | +€37,904 | +17.2% |
| Cash at bank and in hand | 54/58 | €45,655 | €18,448 | -€27,207 | -59.6% |
| Deferred charges and accrued income | 490/1 | €32,640 | €30,094 | -€2,546 | -7.8% |
| Total equity and liabilities | 10/49 | €1,286,490 | €1,273,946 | -€12,544 | -1.0% |
| Equity | 10/15 | €625,126 | €436,153 | -€188,973 | -30.2% |
| Contributions | 10/11 | €9,736 | €30,988 | +€21,253 | +218.3% |
| Reserves | 13 | €615,391 | €405,165 | -€210,226 | -34.2% |
| Non-distributable reserves | 130/1 | €2,716 | €2,716 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,716 | €2,716 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,664 | €25,664 | = | 0.0% |
| Distributable reserves | 133 | €587,010 | €376,784 | -€210,226 | -35.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €661,363 | €837,793 | +€176,429 | +26.7% |
| Amounts payable after more than one year | 17 | €48,614 | €37,227 | -€11,387 | -23.4% |
| Financial debts | 170/4 | €48,614 | €37,227 | -€11,387 | -23.4% |
| Amounts payable within one year | 42/48 | €592,030 | €771,942 | +€179,912 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €17,587 | €11,387 | -€6,200 | -35.3% |
| Trade debts | 44 | €230,931 | €34,234 | -€196,697 | -85.2% |
| Suppliers | 440/4 | €230,931 | €34,234 | -€196,697 | -85.2% |
| Taxes, remuneration and social security | 45 | €188,411 | €247,528 | +€59,117 | +31.4% |
| Taxes | 450/3 | €7,344 | €102,995 | +€95,651 | +1302.5% |
| Remuneration and social security | 454/9 | €181,067 | €144,533 | -€36,534 | -20.2% |
| Other amounts payable | 47/48 | €155,100 | €478,793 | +€323,693 | +208.7% |
| Accrued charges and deferred income | 492/3 | €20,719 | €28,623 | +€7,904 | +38.1% |
| Remuneration, social security and pensions | 62 | €1,151,665 | €1,138,821 | -€12,844 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,668 | €70,235 | -€34,433 | -32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,698 | +€46,698 | |
| Other operating charges | 640/8 | €14,208 | €12,352 | -€1,856 | -13.1% |
| Gross operating margin | 9900 | €1,666,330 | €1,670,088 | +€3,758 | +0.2% |
| Operating profit (loss) | 9901 | €395,789 | €401,982 | +€6,193 | +1.6% |
| Financial income | 75/76B | €4,627 | €13,118 | +€8,491 | +183.5% |
| Recurring financial income | 75 | €4,627 | €13,118 | +€8,491 | +183.5% |
| Financial charges | 65/66B | €9,431 | €8,907 | -€524 | -5.6% |
| Recurring financial charges | 65 | €9,431 | €8,907 | -€524 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €390,985 | €406,193 | +€15,208 | +3.9% |
| Income taxes | 67/77 | €108,296 | €111,056 | +€2,759 | +2.5% |
| Profit (loss) for the period | 9904 | €282,689 | €295,138 | +€12,449 | +4.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €282,689 | €295,138 | +€12,449 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.