ASSEMED: 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.
ASSEMED
Largest movements
- Current investments +€125,830
up €125,830 (+35.6%), from €353,232 to €479,062
- Cash -€93,984
down €93,984 (-32.8%), from €286,327 to €192,343
mainly Current investments (-€125,830) and Investment in fixed assets (net) (-€25,159)
- Reserves +€27,907
up €27,907 (+4.1%), from €679,402 to €707,309
of which Distributable reserves: +€27,907
- Gross operating margin -€78,168
down €78,168 (-55.9%), from €139,891 to €61,723
- Taxes -€16,440
down €16,440 (-54.1%), from €30,380 to €13,940
- Financial income +€13,957
up €13,957 (+135.2%), from €10,327 to €24,284
of which Financial income: +€15,266
- Staff costs -€12,411
down €12,411 (-100.0%), from €12,411 to €0
- Depreciation -€1,500
down €1,500 (-4.1%), from €36,311 to €34,811
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 | €964,532 | €986,708 | +€22,177 | +2.3% |
| Fixed assets | 21/28 | €313,871 | €304,219 | -€9,652 | -3.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €313,809 | €304,157 | -€9,652 | -3.1% |
| Land and buildings | 22 | €274,048 | €281,291 | +€7,244 | +2.6% |
| Plant, machinery and equipment | 23 | €1,847 | €1,180 | -€667 | -36.1% |
| Furniture and vehicles | 24 | €37,914 | €21,686 | -€16,228 | -42.8% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €650,661 | €682,489 | +€31,828 | +4.9% |
| Amounts receivable within one year | 40/41 | €9,531 | €9,961 | +€430 | +4.5% |
| Trade receivables | 40 | €484 | €834 | +€350 | +72.3% |
| Other amounts receivable | 41 | €9,047 | €9,127 | +€80 | +0.9% |
| Current investments | 50/53 | €353,232 | €479,062 | +€125,830 | +35.6% |
| Cash at bank and in hand | 54/58 | €286,327 | €192,343 | -€93,984 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,122 | -€448 | -28.5% |
| Total equity and liabilities | 10/49 | €964,532 | €986,708 | +€22,177 | +2.3% |
| Equity | 10/15 | €936,942 | €964,849 | +€27,907 | +3.0% |
| Contributions | 10/11 | €243,408 | €243,408 | = | 0.0% |
| Reserves | 13 | €679,402 | €707,309 | +€27,907 | +4.1% |
| Tax-exempt reserves | 132 | €973 | €973 | = | 0.0% |
| Distributable reserves | 133 | €678,429 | €706,337 | +€27,907 | +4.1% |
| Profit (loss) carried forward | 14 | €14,132 | €14,132 | = | 0.0% |
| Amounts payable | 17/49 | €27,590 | €21,859 | -€5,731 | -20.8% |
| Amounts payable within one year | 42/48 | €24,510 | €20,104 | -€4,406 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €9,393 | - | -€9,393 | |
| Trade debts | 44 | €1,927 | €2,222 | +€295 | +15.3% |
| Suppliers | 440/4 | €1,927 | €2,222 | +€295 | +15.3% |
| Taxes, remuneration and social security | 45 | €13,191 | €17,882 | +€4,692 | +35.6% |
| Taxes | 450/3 | €13,191 | €17,882 | +€4,692 | +35.6% |
| Accrued charges and deferred income | 492/3 | €3,080 | €1,755 | -€1,325 | -43.0% |
| Remuneration, social security and pensions | 62 | €12,411 | €0 | -€12,411 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,311 | €34,811 | -€1,500 | -4.1% |
| Other operating charges | 640/8 | €4,351 | €4,261 | -€90 | -2.1% |
| Non-recurring operating charges | 66A | €0 | €0 | +€0 | +200.0% |
| Gross operating margin | 9900 | €139,891 | €61,723 | -€78,168 | -55.9% |
| Operating profit (loss) | 9901 | €86,818 | €22,651 | -€64,167 | -73.9% |
| Financial income | 75/76B | €10,327 | €24,284 | +€13,957 | +135.2% |
| Recurring financial income | 75 | €9,018 | €24,284 | +€15,266 | +169.3% |
| Non-recurring financial income | 76B | €1,309 | - | -€1,309 | |
| Financial charges | 65/66B | €4,593 | €5,088 | +€495 | +10.8% |
| Recurring financial charges | 65 | €4,173 | €5,088 | +€916 | +21.9% |
| Non-recurring financial charges | 66B | €420 | - | -€420 | |
| Profit (loss) for the period before taxes | 9903 | €92,552 | €41,847 | -€50,705 | -54.8% |
| Income taxes | 67/77 | €30,380 | €13,940 | -€16,440 | -54.1% |
| Profit (loss) for the period | 9904 | €62,172 | €27,907 | -€34,265 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,172 | €27,907 | -€34,265 | -55.1% |
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 9 October 2026 via checked.be.