ASSIPEX: 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.
ASSIPEX
Largest movements
- Cash -€346,779
down €346,779 (-87.6%), from €396,056 to €49,278
mainly Investment in fixed assets (net) (-€341,900) and Net result for the year (-€14,015)
- Tangible fixed assets +€332,988
up €332,988, from €0 to €332,988
of which Land and buildings: +€332,988
- Profit (loss) carried forward -€14,015
down €14,015 (-3.7%), from €376,673 to €362,659
- Financial income -€156,770
down €156,770 (-99.8%), from €157,075 to €305
- Taxes -€39,944
down €39,944 (-100%), from €39,944 to €0
- Financial charges -€30,679
down €30,679 (-99.2%), from €30,935 to €255
- Depreciation +€8,912
new in 2025: €8,912
- Other operating charges +€551
up €551 (+142%), from €387 to €938
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 | €446,587 | €432,790 | -€13,797 | -3.1% |
| Fixed assets | 21/28 | €38,474 | €371,462 | +€332,988 | +865% |
| Tangible fixed assets | 22/27 | €0 | €332,988 | +€332,988 | |
| Land and buildings | 22 | - | €332,988 | +€332,988 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €38,474 | €38,474 | = | 0.0% |
| Current assets | 29/58 | €408,113 | €61,328 | -€346,785 | -85.0% |
| Amounts receivable within one year | 40/41 | €0 | €92 | +€92 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €92 | +€92 | |
| Current investments | 50/53 | €11,959 | €11,959 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €396,056 | €49,278 | -€346,779 | -87.6% |
| Deferred charges and accrued income | 490/1 | €98 | €0 | -€98 | -100% |
| Total equity and liabilities | 10/49 | €446,587 | €432,790 | -€13,797 | -3.1% |
| Equity | 10/15 | €407,923 | €393,909 | -€14,015 | -3.4% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €376,673 | €362,659 | -€14,015 | -3.7% |
| Amounts payable | 17/49 | €38,664 | €38,881 | +€218 | +0.6% |
| Amounts payable within one year | 42/48 | €38,664 | €38,881 | +€218 | +0.6% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | €38,072 | €38,072 | = | 0.0% |
| Taxes | 450/3 | €38,072 | €38,072 | = | 0.0% |
| Other amounts payable | 47/48 | €205 | €410 | +€205 | +100% |
| Non-recurring operating income | 76A | - | €556 | +€556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,912 | +€8,912 | |
| Other operating charges | 640/8 | €387 | €938 | +€551 | +142% |
| Gross operating margin | 9900 | -€4,032 | -€4,214 | -€182 | -4.5% |
| Operating profit (loss) | 9901 | -€4,420 | -€14,064 | -€9,645 | -218% |
| Financial income | 75/76B | €157,075 | €305 | -€156,770 | -99.8% |
| Recurring financial income | 75 | €157,075 | €305 | -€156,770 | -99.8% |
| Financial charges | 65/66B | €30,935 | €255 | -€30,679 | -99.2% |
| Recurring financial charges | 65 | €30,935 | €255 | -€30,679 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €121,721 | -€14,015 | -€135,736 | |
| Income taxes | 67/77 | €39,944 | €0 | -€39,944 | -100% |
| Profit (loss) for the period | 9904 | €81,778 | -€14,015 | -€95,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,778 | -€14,015 | -€95,792 |
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 14 October 2026 via checked.be.