ASSERTIVE: 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.
ASSERTIVE
Largest movements
- Cash +€58,380
up €58,380 (+295.3%), from €19,767 to €78,147
mainly Other debts (+€101,291) and Net result for the year (+€82,080)
- Receivables within one year +€30,807
up €30,807 (+19.2%), from €160,600 to €191,407
of which Other amounts receivable: +€21,658
- Other debts +€101,291
up €101,291 (+658.9%), from €15,372 to €116,664
- Profit (loss) carried forward -€17,920
down €17,920 (-45.2%), from €39,656 to €21,736
- Debts after one year -€14,585
down €14,585 (-6.5%), from €225,199 to €210,614
- Tax, wage and social debts +€14,303
up €14,303 (+61.1%), from €23,405 to €37,708
- Financial income +€19,419
up €19,419 (+3343.8%), from €581 to €20,000
- Gross operating margin +€17,904
up €17,904 (+13.4%), from €133,285 to €151,188
- Taxes +€11,496
up €11,496 (+85.9%), from €13,382 to €24,878
- Other operating charges -€7,606
down €7,606 (-62.5%), from €12,178 to €4,572
- Financial charges -€6,881
down €6,881 (-10.9%), from €63,158 to €56,277
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 | €516,570 | €598,764 | +€82,194 | +15.9% |
| Fixed assets | 21/28 | €332,982 | €328,655 | -€4,327 | -1.3% |
| Tangible fixed assets | 22/27 | €3,871 | €1,784 | -€2,087 | -53.9% |
| Furniture and vehicles | 24 | €3,871 | €1,784 | -€2,087 | -53.9% |
| Financial fixed assets | 28 | €329,111 | €326,871 | -€2,240 | -0.7% |
| Current assets | 29/58 | €183,588 | €270,109 | +€86,521 | +47.1% |
| Amounts receivable within one year | 40/41 | €160,600 | €191,407 | +€30,807 | +19.2% |
| Trade receivables | 40 | €36,661 | €45,811 | +€9,149 | +25.0% |
| Other amounts receivable | 41 | €123,939 | €145,596 | +€21,658 | +17.5% |
| Cash at bank and in hand | 54/58 | €19,767 | €78,147 | +€58,380 | +295.3% |
| Deferred charges and accrued income | 490/1 | €3,221 | €555 | -€2,666 | -82.8% |
| Total equity and liabilities | 10/49 | €516,570 | €598,764 | +€82,194 | +15.9% |
| Equity | 10/15 | €199,116 | €181,196 | -€17,920 | -9.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €139,000 | €139,000 | = | 0.0% |
| Distributable reserves | 133 | €139,000 | €139,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,656 | €21,736 | -€17,920 | -45.2% |
| Provisions and deferred taxes | 16 | €36,041 | €37,336 | +€1,295 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €36,041 | €37,336 | +€1,295 | +3.6% |
| Other liabilities and charges | 164/5 | €36,041 | €37,336 | +€1,295 | +3.6% |
| Amounts payable | 17/49 | €281,413 | €380,232 | +€98,819 | +35.1% |
| Amounts payable after more than one year | 17 | €225,199 | €210,614 | -€14,585 | -6.5% |
| Financial debts | 170/4 | €225,199 | €210,614 | -€14,585 | -6.5% |
| Amounts payable within one year | 42/48 | €56,214 | €169,618 | +€113,404 | +201.7% |
| Current portion of amounts payable after more than one year | 42 | €14,020 | €14,585 | +€565 | +4.0% |
| Trade debts | 44 | €3,416 | €662 | -€2,755 | -80.6% |
| Suppliers | 440/4 | €3,416 | €662 | -€2,755 | -80.6% |
| Taxes, remuneration and social security | 45 | €23,405 | €37,708 | +€14,303 | +61.1% |
| Taxes | 450/3 | €23,405 | €37,708 | +€14,303 | +61.1% |
| Other amounts payable | 47/48 | €15,372 | €116,664 | +€101,291 | +658.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,253 | €2,087 | -€6,166 | -74.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€420 | €1,295 | +€1,715 | |
| Other operating charges | 640/8 | €12,178 | €4,572 | -€7,606 | -62.5% |
| Gross operating margin | 9900 | €133,285 | €151,188 | +€17,904 | +13.4% |
| Operating profit (loss) | 9901 | €113,274 | €143,235 | +€29,960 | +26.4% |
| Financial income | 75/76B | €581 | €20,000 | +€19,419 | +3343.8% |
| Recurring financial income | 75 | €581 | €20,000 | +€19,419 | +3343.8% |
| Financial charges | 65/66B | €63,158 | €56,277 | -€6,881 | -10.9% |
| Recurring financial charges | 65 | €63,158 | €56,277 | -€6,881 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €50,697 | €106,958 | +€56,261 | +111.0% |
| Income taxes | 67/77 | €13,382 | €24,878 | +€11,496 | +85.9% |
| Profit (loss) for the period | 9904 | €37,315 | €82,080 | +€44,765 | +120.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,315 | €82,080 | +€44,765 | +120.0% |
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 10 October 2026 via checked.be.