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Assenmaker: 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.

What changed

Assenmaker

BE 0403.909.978
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34,227
2024 · €357-€34,585
Equity
€172,812
2024 · €207,040-€34,227
Cash
€210,993
2024 · €349,036-€138,043
Balance sheet total
€336,285
2024 · €370,772-€34,487

Largest movements

2024 to 2025
Assets
  • Cash -€138,043

    down €138,043 (-39.5%), from €349,036 to €210,993

    mainly Investment in fixed assets (net) (-€117,094) and Net result for the year (-€34,227)

  • Tangible fixed assets +€108,418

    up €108,418 (+944.0%), from €11,485 to €119,903

  • Receivables within one year -€4,239

    down €4,239 (-67.2%), from €6,304 to €2,065

    of which Trade receivables: -€3,981

Equity and liabilities
  • Profit (loss) carried forward -€34,227

    down €34,227 (-46.5%), from -€73,560 to -€107,788

  • Other debts -€11,098

    down €11,098 (-7.1%), from €156,909 to €145,811

  • Trade debts +€9,222

    up €9,222 (+177.1%), from €5,208 to €14,431

Income statement
  • Gross operating margin -€29,233

    down €29,233, from €10,553 to -€18,680

  • Depreciation +€5,704

    up €5,704 (+192.0%), from €2,971 to €8,675

  • Taxes -€2,344

    down €2,344, from €1,550 to -€794

  • Financial income -€2,041

    down €2,041 (-50.2%), from €4,067 to €2,026

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €357
Gross operating margin -€29,233
Depreciation -€5,704
Other operating charges +€96
Financial income -€2,041
Financial charges -€47
Taxes +€2,344
Result 2025 -€34,227

Cash bridge derived

cash 2024 to 2025

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.

From operations -€20,950
Investment -€117,094
Financing €0
Cash 2024 €349,036
Net result for the year -€34,227
Depreciation +€8,675
Receivables within one year +€4,239
Deferred charges and accrued income +€623
Trade debts +€9,222
Tax, wage and social debts +€1,749
Other debts -€11,098
Accrued charges and deferred income -€133
Investment in fixed assets (net) -€117,094
Cash 2025 €210,993
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €370,772 €336,285 -€34,487 -9.3%
Fixed assets 21/28 €11,485 €119,903 +€108,418 +944.0%
Tangible fixed assets 22/27 €11,485 €119,903 +€108,418 +944.0%
Land and buildings 22 €11,485 €119,903 +€108,418 +944.0%
Financial fixed assets 28 €0 - =
Current assets 29/58 €359,288 €216,382 -€142,905 -39.8%
Stocks and contracts in progress 3 €1,429 €1,429 = 0.0%
Stocks 30/36 €1,429 €1,429 = 0.0%
Amounts receivable within one year 40/41 €6,304 €2,065 -€4,239 -67.2%
Trade receivables 40 €5,958 €1,977 -€3,981 -66.8%
Other amounts receivable 41 €345 €88 -€258 -74.6%
Cash at bank and in hand 54/58 €349,036 €210,993 -€138,043 -39.5%
Deferred charges and accrued income 490/1 €2,518 €1,895 -€623 -24.8%
Total equity and liabilities 10/49 €370,772 €336,285 -€34,487 -9.3%
Equity 10/15 €207,040 €172,812 -€34,227 -16.5%
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%
Reserves 13 €219,100 €219,100 = 0.0%
Distributable reserves 133 €219,100 €219,100 = 0.0%
Profit (loss) carried forward 14 -€73,560 -€107,788 -€34,227 -46.5%
Amounts payable 17/49 €163,732 €163,473 -€260 -0.2%
Amounts payable within one year 42/48 €163,467 €163,340 -€127 -0.1%
Trade debts 44 €5,208 €14,431 +€9,222 +177.1%
Suppliers 440/4 €5,208 €14,431 +€9,222 +177.1%
Taxes, remuneration and social security 45 €1,350 €3,099 +€1,749 +129.6%
Taxes 450/3 €1,350 €3,099 +€1,749 +129.6%
Other amounts payable 47/48 €156,909 €145,811 -€11,098 -7.1%
Accrued charges and deferred income 492/3 €265 €132 -€133 -50.1%
Non-recurring operating income 76A €38,217 €3,490 -€34,727 -90.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,971 €8,675 +€5,704 +192.0%
Other operating charges 640/8 €9,227 €9,131 -€96 -1.0%
Gross operating margin 9900 €10,553 -€18,680 -€29,233
Operating profit (loss) 9901 -€1,645 -€36,486 -€34,841 -2118.2%
Financial income 75/76B €4,067 €2,026 -€2,041 -50.2%
Recurring financial income 75 €4,067 €2,026 -€2,041 -50.2%
Financial charges 65/66B €516 €562 +€47 +9.1%
Recurring financial charges 65 €516 €562 +€47 +9.1%
Profit (loss) for the period before taxes 9903 €1,907 -€35,022 -€36,929
Income taxes 67/77 €1,550 -€794 -€2,344
Profit (loss) for the period 9904 €357 -€34,227 -€34,585
Profit (loss) for the period to be appropriated 9905 €357 -€34,227 -€34,585

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 29 September 2026 via checked.be.