ASSEDI: 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.
ASSEDI
Largest movements
- Tangible fixed assets -€152,919
down €152,919 (-13.6%), from €1.1m to €973,286
- Cash -€147,933
down €147,933 (-39.0%), from €379,582 to €231,648
mainly Trade debts (-€194,517) and Debts after one year (-€135,450)
- Stocks and contracts +€19,661
up €19,661 (+10.4%), from €189,615 to €209,276
- Current investments +€17,561
up €17,561 (+60.0%), from €29,268 to €46,829
- Trade debts -€194,517
down €194,517 (-41.6%), from €468,047 to €273,530
- Profit (loss) carried forward +€140,739
up €140,739 (+143%), from €98,424 to €239,162
- Debts after one year -€135,450
down €135,450 (-24.0%), from €564,961 to €429,511
- Other debts -€68,884
down €68,884 (-66.2%), from €103,988 to €35,104
- Tax, wage and social debts -€19,880
down €19,880 (-19.8%), from €100,331 to €80,452
of which Remuneration and social security: -€25,690
- Gross operating margin +€81,833
up €81,833 (+10.6%), from €773,332 to €855,165
- Taxes +€18,570
up €18,570 (+122%), from €15,207 to €33,777
- Staff costs +€14,064
up €14,064 (+3.0%), from €473,702 to €487,766
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 | €1,746,592 | €1,478,931 | -€267,661 | -15.3% |
| Fixed assets | 21/28 | €1,127,219 | €974,300 | -€152,919 | -13.6% |
| Tangible fixed assets | 22/27 | €1,126,205 | €973,286 | -€152,919 | -13.6% |
| Land and buildings | 22 | €496,551 | €473,799 | -€22,752 | -4.6% |
| Plant, machinery and equipment | 23 | €236,461 | €179,894 | -€56,567 | -23.9% |
| Furniture and vehicles | 24 | €60,709 | €27,725 | -€32,984 | -54.3% |
| Other tangible fixed assets | 26 | €332,483 | €291,868 | -€40,616 | -12.2% |
| Financial fixed assets | 28 | €1,014 | €1,014 | = | 0.0% |
| Current assets | 29/58 | €619,373 | €504,631 | -€114,743 | -18.5% |
| Stocks and contracts in progress | 3 | €189,615 | €209,276 | +€19,661 | +10.4% |
| Stocks | 30/36 | €189,615 | €209,276 | +€19,661 | +10.4% |
| Amounts receivable within one year | 40/41 | €20,908 | €16,878 | -€4,031 | -19.3% |
| Trade receivables | 40 | €4,985 | €5,666 | +€681 | +13.7% |
| Other amounts receivable | 41 | €15,923 | €11,212 | -€4,712 | -29.6% |
| Current investments | 50/53 | €29,268 | €46,829 | +€17,561 | +60.0% |
| Cash at bank and in hand | 54/58 | €379,582 | €231,648 | -€147,933 | -39.0% |
| Total equity and liabilities | 10/49 | €1,746,592 | €1,478,931 | -€267,661 | -15.3% |
| Equity | 10/15 | €378,393 | €519,131 | +€140,739 | +37.2% |
| Contributions | 10/11 | €161,973 | €161,973 | = | 0.0% |
| Reserves | 13 | €117,996 | €117,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €93,048 | €93,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,424 | €239,162 | +€140,739 | +143% |
| Amounts payable | 17/49 | €1,368,200 | €959,800 | -€408,400 | -29.8% |
| Amounts payable after more than one year | 17 | €564,961 | €429,511 | -€135,450 | -24.0% |
| Financial debts | 170/4 | €564,961 | €429,511 | -€135,450 | -24.0% |
| Amounts payable within one year | 42/48 | €803,239 | €530,289 | -€272,950 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €130,872 | €141,203 | +€10,331 | +7.9% |
| Trade debts | 44 | €468,047 | €273,530 | -€194,517 | -41.6% |
| Suppliers | 440/4 | €468,047 | €273,530 | -€194,517 | -41.6% |
| Taxes, remuneration and social security | 45 | €100,331 | €80,452 | -€19,880 | -19.8% |
| Taxes | 450/3 | €7,421 | €13,232 | +€5,811 | +78.3% |
| Remuneration and social security | 454/9 | €92,910 | €67,220 | -€25,690 | -27.7% |
| Other amounts payable | 47/48 | €103,988 | €35,104 | -€68,884 | -66.2% |
| Remuneration, social security and pensions | 62 | €473,702 | €487,766 | +€14,064 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,435 | €141,929 | -€2,506 | -1.7% |
| Other operating charges | 640/8 | €14,729 | €10,929 | -€3,799 | -25.8% |
| Gross operating margin | 9900 | €773,332 | €855,165 | +€81,833 | +10.6% |
| Operating profit (loss) | 9901 | €140,467 | €214,541 | +€74,074 | +52.7% |
| Financial income | 75/76B | €692 | €1,476 | +€784 | +113% |
| Recurring financial income | 75 | €692 | €1,476 | +€784 | +113% |
| Financial charges | 65/66B | €40,604 | €41,502 | +€897 | +2.2% |
| Recurring financial charges | 65 | €40,604 | €41,502 | +€897 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €100,554 | €174,516 | +€73,961 | +73.6% |
| Income taxes | 67/77 | €15,207 | €33,777 | +€18,570 | +122% |
| Profit (loss) for the period | 9904 | €85,348 | €140,739 | +€55,391 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,348 | €140,739 | +€55,391 | +64.9% |
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 13 October 2026 via checked.be.