ASSELMAN: 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.
ASSELMAN
Largest movements
- Cash +€12,441
up €12,441 (+19.8%), from €62,761 to €75,202
mainly Net result for the year (+€36,269) and Other debts (+€23,842)
- Debts after one year -€26,000
down €26,000 (-16.9%), from €153,833 to €127,833
- Other debts +€23,842
up €23,842, from €0 to €23,842
- Profit (loss) carried forward +€12,452
up €12,452, from -€12,452 to €0
- Taxes +€7,939
new in 2025: €7,939
- Financial income -€724
down €724 (-45.5%), from €1,590 to €867
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 | €199,381 | €209,715 | +€10,335 | +5.2% |
| Fixed assets | 21/28 | €133,726 | €133,575 | -€151 | -0.1% |
| Tangible fixed assets | 22/27 | €133,726 | €133,575 | -€151 | -0.1% |
| Land and buildings | 22 | €133,726 | €133,575 | -€151 | -0.1% |
| Current assets | 29/58 | €65,655 | €76,140 | +€10,485 | +16.0% |
| Amounts receivable within one year | 40/41 | €2,893 | €804 | -€2,089 | -72.2% |
| Trade receivables | 40 | - | €36 | +€36 | |
| Other amounts receivable | 41 | €2,893 | €769 | -€2,125 | -73.4% |
| Cash at bank and in hand | 54/58 | €62,761 | €75,202 | +€12,441 | +19.8% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €199,381 | €209,715 | +€10,335 | +5.2% |
| Equity | 10/15 | €7,548 | €20,000 | +€12,452 | +165.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,452 | €0 | +€12,452 | |
| Amounts payable | 17/49 | €191,833 | €189,715 | -€2,118 | -1.1% |
| Amounts payable after more than one year | 17 | €153,833 | €127,833 | -€26,000 | -16.9% |
| Financial debts | 170/4 | €153,833 | €127,833 | -€26,000 | -16.9% |
| Amounts payable within one year | 42/48 | €38,000 | €61,842 | +€23,842 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €38,000 | €38,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €23,842 | +€23,842 | |
| Accrued charges and deferred income | 492/3 | €0 | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151 | €151 | = | 0.0% |
| Other operating charges | 640/8 | €552 | €569 | +€17 | +3.1% |
| Gross operating margin | 9900 | €46,101 | €46,032 | -€69 | -0.1% |
| Operating profit (loss) | 9901 | €45,398 | €45,312 | -€86 | -0.2% |
| Financial income | 75/76B | €1,590 | €867 | -€724 | -45.5% |
| Recurring financial income | 75 | €1,590 | €867 | -€724 | -45.5% |
| Financial charges | 65/66B | €2,272 | €1,971 | -€302 | -13.3% |
| Recurring financial charges | 65 | €2,272 | €1,971 | -€302 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €44,716 | €44,208 | -€508 | -1.1% |
| Income taxes | 67/77 | - | €7,939 | +€7,939 | |
| Profit (loss) for the period | 9904 | €44,716 | €36,269 | -€8,447 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,716 | €36,269 | -€8,447 | -18.9% |
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 5 October 2026 via checked.be.