ASSEMBLE MANAGEMENT: 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.
ASSEMBLE MANAGEMENT
Largest movements
- Cash -€31,553
down €31,553 (-61.4%), from €51,413 to €19,859
mainly Net result for the year (-€27,100) and Other debts (-€19,084)
- Receivables within one year +€4,968
up €4,968 (+44.8%), from €11,099 to €16,067
of which Trade receivables: +€9,601
- Tangible fixed assets -€859
down €859 (-100%), from €859 to €0
- Profit (loss) carried forward -€27,100
down €27,100, from €8,507 to -€18,593
- Other debts -€19,084
down €19,084 (-36.4%), from €52,469 to €33,385
- Current portion of long-term debt +€16,150
new in 2025: €16,150
- Tax, wage and social debts +€2,662
up €2,662, from €0 to €2,662
- Gross operating margin -€105,496
down €105,496, from €83,837 to -€21,658
- Financial charges -€66,873
down €66,873 (-95.1%), from €70,351 to €3,478
- Taxes -€2,373
down €2,373 (-93.9%), from €2,528 to €154
- Depreciation -€1,728
down €1,728 (-66.8%), from €2,587 to €859
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 | €64,284 | €36,433 | -€27,851 | -43.3% |
| Fixed assets | 21/28 | €859 | €0 | -€859 | -100% |
| Tangible fixed assets | 22/27 | €859 | €0 | -€859 | -100% |
| Furniture and vehicles | 24 | €859 | €0 | -€859 | -100% |
| Current assets | 29/58 | €63,425 | €36,433 | -€26,991 | -42.6% |
| Amounts receivable within one year | 40/41 | €11,099 | €16,067 | +€4,968 | +44.8% |
| Trade receivables | 40 | €3,131 | €12,733 | +€9,601 | +307% |
| Other amounts receivable | 41 | €7,968 | €3,334 | -€4,634 | -58.2% |
| Cash at bank and in hand | 54/58 | €51,413 | €19,859 | -€31,553 | -61.4% |
| Deferred charges and accrued income | 490/1 | €913 | €507 | -€406 | -44.5% |
| Total equity and liabilities | 10/49 | €64,284 | €36,433 | -€27,851 | -43.3% |
| Equity | 10/15 | €11,007 | -€16,093 | -€27,100 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,507 | -€18,593 | -€27,100 | |
| Amounts payable | 17/49 | €53,277 | €52,526 | -€751 | -1.4% |
| Amounts payable within one year | 42/48 | €53,277 | €52,526 | -€751 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,150 | +€16,150 | |
| Financial debts | 43 | €807 | €248 | -€559 | -69.3% |
| Credit institutions | 430/8 | €807 | €248 | -€559 | -69.3% |
| Trade debts | 44 | - | €81 | +€81 | |
| Suppliers | 440/4 | - | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | €0 | €2,662 | +€2,662 | |
| Taxes | 450/3 | €0 | €2,662 | +€2,662 | |
| Other amounts payable | 47/48 | €52,469 | €33,385 | -€19,084 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,587 | €859 | -€1,728 | -66.8% |
| Other operating charges | 640/8 | €1,343 | €950 | -€393 | -29.3% |
| Gross operating margin | 9900 | €83,837 | -€21,658 | -€105,496 | |
| Operating profit (loss) | 9901 | €79,907 | -€23,467 | -€103,374 | |
| Financial charges | 65/66B | €70,351 | €3,478 | -€66,873 | -95.1% |
| Recurring financial charges | 65 | €70,351 | €3,478 | -€66,873 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €9,556 | -€26,945 | -€36,501 | |
| Income taxes | 67/77 | €2,528 | €154 | -€2,373 | -93.9% |
| Profit (loss) for the period | 9904 | €7,028 | -€27,100 | -€34,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | -€27,100 | -€34,128 |
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 17 October 2026 via checked.be.