ASSEL: 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.
ASSEL
Largest movements
- Cash +€24,520
up €24,520 (+357.3%), from €6,863 to €31,383
mainly Net result for the year (+€14,083) and Receivables within one year (+€10,395)
- Receivables within one year -€10,395
down €10,395 (-79.8%), from €13,021 to €2,626
of which Trade receivables: -€10,645
- Tangible fixed assets -€2,310
down €2,310 (-2.9%), from €80,679 to €78,369
- Other debts -€14,769
down €14,769 (-16.0%), from €92,174 to €77,405
- Profit (loss) carried forward +€14,083
up €14,083 (+9.9%), from -€142,169 to -€128,086
- Tax, wage and social debts +€6,579
up €6,579 (+292.3%), from €2,251 to €8,830
- Trade debts +€5,922
up €5,922 (+164.8%), from €3,594 to €9,516
- Taxes +€4,342
up €4,342 (+194.0%), from €2,238 to €6,579
- Write-downs +€4,202
no longer reported in 2025 (was -€4,202)
- Gross operating margin -€2,527
down €2,527 (-7.8%), from €32,262 to €29,735
- Other operating charges +€891
up €891 (+15.3%), from €5,829 to €6,719
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 | €100,562 | €112,377 | +€11,815 | +11.7% |
| Fixed assets | 21/28 | €80,679 | €78,369 | -€2,310 | -2.9% |
| Tangible fixed assets | 22/27 | €80,679 | €78,369 | -€2,310 | -2.9% |
| Land and buildings | 22 | €80,679 | €78,369 | -€2,310 | -2.9% |
| Current assets | 29/58 | €19,884 | €34,008 | +€14,125 | +71.0% |
| Amounts receivable within one year | 40/41 | €13,021 | €2,626 | -€10,395 | -79.8% |
| Trade receivables | 40 | €10,645 | - | -€10,645 | |
| Other amounts receivable | 41 | €2,375 | €2,626 | +€250 | +10.5% |
| Cash at bank and in hand | 54/58 | €6,863 | €31,383 | +€24,520 | +357.3% |
| Total equity and liabilities | 10/49 | €100,562 | €112,377 | +€11,815 | +11.7% |
| Equity | 10/15 | -€26,799 | -€12,717 | +€14,083 | +52.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €47,720 | €47,720 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,169 | -€128,086 | +€14,083 | +9.9% |
| Amounts payable | 17/49 | €127,362 | €125,094 | -€2,267 | -1.8% |
| Amounts payable after more than one year | 17 | €29,343 | €29,343 | = | 0.0% |
| Financial debts | 170/4 | €29,343 | €29,343 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,019 | €95,751 | -€2,267 | -2.3% |
| Trade debts | 44 | €3,594 | €9,516 | +€5,922 | +164.8% |
| Suppliers | 440/4 | €3,594 | €9,516 | +€5,922 | +164.8% |
| Taxes, remuneration and social security | 45 | €2,251 | €8,830 | +€6,579 | +292.3% |
| Taxes | 450/3 | €2,251 | €8,830 | +€6,579 | +292.3% |
| Other amounts payable | 47/48 | €92,174 | €77,405 | -€14,769 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €2,310 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,202 | - | +€4,202 | |
| Other operating charges | 640/8 | €5,829 | €6,719 | +€891 | +15.3% |
| Gross operating margin | 9900 | €32,262 | €29,735 | -€2,527 | -7.8% |
| Operating profit (loss) | 9901 | €28,326 | €20,706 | -€7,620 | -26.9% |
| Financial charges | 65/66B | €57 | €44 | -€13 | -22.9% |
| Recurring financial charges | 65 | €57 | €44 | -€13 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €28,269 | €20,662 | -€7,607 | -26.9% |
| Income taxes | 67/77 | €2,238 | €6,579 | +€4,342 | +194.0% |
| Profit (loss) for the period | 9904 | €26,031 | €14,083 | -€11,949 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,031 | €14,083 | -€11,949 | -45.9% |
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 6 October 2026 via checked.be.