ASSIMMGEST: 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.
ASSIMMGEST
Largest movements
- Receivables within one year +€50,811
up €50,811 (+22.0%), from €230,508 to €281,319
of which Other amounts receivable: +€49,360
- Current investments +€30,093
up €30,093 (+50.1%), from €60,011 to €90,104
- Reserves +€89,408
up €89,408 (+39.2%), from €228,368 to €317,776
of which Distributable reserves: +€80,988
- Tax, wage and social debts -€40,550
down €40,550 (-57.0%), from €71,176 to €30,626
of which Taxes: -€40,783
- Current portion of long-term debt +€25,340
new in 2025: €25,340
- Gross operating margin -€7,566
down €7,566 (-4.0%), from €191,190 to €183,624
- Taxes -€5,112
down €5,112 (-13.1%), from €39,146 to €34,034
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 | €311,622 | €387,204 | +€75,582 | +24.3% |
| Fixed assets | 21/28 | €16,795 | €13,801 | -€2,994 | -17.8% |
| Tangible fixed assets | 22/27 | €16,640 | €13,646 | -€2,994 | -18.0% |
| Plant, machinery and equipment | 23 | €4,790 | €5,689 | +€899 | +18.8% |
| Furniture and vehicles | 24 | €11,850 | €7,957 | -€3,892 | -32.8% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €294,828 | €373,403 | +€78,576 | +26.7% |
| Amounts receivable within one year | 40/41 | €230,508 | €281,319 | +€50,811 | +22.0% |
| Trade receivables | 40 | €17,699 | €19,150 | +€1,451 | +8.2% |
| Other amounts receivable | 41 | €212,809 | €262,168 | +€49,360 | +23.2% |
| Current investments | 50/53 | €60,011 | €90,104 | +€30,093 | +50.1% |
| Cash at bank and in hand | 54/58 | €1,008 | €187 | -€822 | -81.5% |
| Deferred charges and accrued income | 490/1 | €3,300 | €1,794 | -€1,507 | -45.7% |
| Total equity and liabilities | 10/49 | €311,622 | €387,204 | +€75,582 | +24.3% |
| Equity | 10/15 | €234,568 | €323,976 | +€89,408 | +38.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,368 | €317,776 | +€89,408 | +39.2% |
| Tax-exempt reserves | 132 | €9,683 | €18,103 | +€8,420 | +87.0% |
| Distributable reserves | 133 | €218,685 | €299,673 | +€80,988 | +37.0% |
| Amounts payable | 17/49 | €77,054 | €63,228 | -€13,826 | -17.9% |
| Amounts payable within one year | 42/48 | €77,054 | €63,228 | -€13,826 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | - | €25,340 | +€25,340 | |
| Financial debts | 43 | €18 | €0 | -€18 | -100.0% |
| Credit institutions | 430/8 | €18 | €0 | -€18 | -100.0% |
| Trade debts | 44 | €3,560 | €5,262 | +€1,702 | +47.8% |
| Suppliers | 440/4 | €3,560 | €5,262 | +€1,702 | +47.8% |
| Taxes, remuneration and social security | 45 | €71,176 | €30,626 | -€40,550 | -57.0% |
| Taxes | 450/3 | €64,663 | €23,880 | -€40,783 | -63.1% |
| Remuneration and social security | 454/9 | €6,512 | €6,745 | +€233 | +3.6% |
| Other amounts payable | 47/48 | €2,300 | €2,000 | -€300 | -13.0% |
| Remuneration, social security and pensions | 62 | €59,646 | €61,557 | +€1,911 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,575 | €4,744 | +€169 | +3.7% |
| Other operating charges | 640/8 | €1,350 | €2,033 | +€684 | +50.7% |
| Non-recurring operating charges | 66A | €79 | €127 | +€48 | +60.5% |
| Gross operating margin | 9900 | €191,190 | €183,624 | -€7,566 | -4.0% |
| Operating profit (loss) | 9901 | €125,540 | €115,163 | -€10,377 | -8.3% |
| Financial income | 75/76B | €10,124 | €10,265 | +€141 | +1.4% |
| Recurring financial income | 75 | €10,124 | €10,265 | +€141 | +1.4% |
| Financial charges | 65/66B | €747 | €1,986 | +€1,240 | +166.1% |
| Recurring financial charges | 65 | €747 | €1,986 | +€1,240 | +166.1% |
| Profit (loss) for the period before taxes | 9903 | €134,917 | €123,442 | -€11,476 | -8.5% |
| Income taxes | 67/77 | €39,146 | €34,034 | -€5,112 | -13.1% |
| Profit (loss) for the period | 9904 | €95,771 | €89,408 | -€6,364 | -6.6% |
| Transfer to tax-exempt reserves | 689 | €9,683 | €8,420 | -€1,263 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,088 | €80,988 | -€5,101 | -5.9% |
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.