ASSIPEX & PARTNERS: 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.
What changed
ASSIPEX & PARTNERS
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€94,069
2024 · €130,942-€36,874
Equity
€491,149
2024 · €436,830+€54,319
Cash
€26,713
2024 · €24,560+€2,153
Balance sheet total
€1.4m
2024 · €1.5m-€101,698
Largest movements
Assets
- Intangible fixed assets -€161,073
down €161,073 (-19.6%), from €822,332 to €661,259
- Tangible fixed assets +€53,135
up €53,135 (+9.5%), from €557,524 to €610,659
of which Furniture and vehicles: +€69,339
Equity and liabilities
- Debts after one year -€152,688
down €152,688 (-20.1%), from €757,940 to €605,252
- Reserves +€54,319
up €54,319 (+14.1%), from €384,935 to €439,254
of which Distributable reserves: +€54,319
- Current portion of long-term debt -€45,671
down €45,671 (-23.0%), from €198,359 to €152,688
- Other debts +€35,750
up €35,750 (+149%), from €24,000 to €59,750
- Short-term financial debts +€19,206
new in 2025: €19,206
Income statement
- Gross operating margin -€71,182
down €71,182 (-11.7%), from €607,120 to €535,937
- Depreciation -€23,240
down €23,240 (-9.8%), from €237,199 to €213,959
- Taxes -€8,178
down €8,178 (-13.8%), from €59,312 to €51,134
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.
Result 2024
€130,942
Gross operating margin
-€71,182
Staff costs
+€1,387
Depreciation
+€23,240
Other operating charges
-€1,842
Financial income
+€0
Financial charges
+€3,346
Taxes
+€8,178
Result 2025
€94,069
raises the resultlowers the result
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.
From operations
+€327,077
Investment
-€106,021
Financing
-€218,903
Cash 2024
€24,560
From operations (derived)
+€327,077
Net result for the year
+€94,069
Depreciation
+€213,959
Receivables within one year
-€6,068
Deferred charges and accrued income
+€1,981
Trade debts
-€2,582
Tax, wage and social debts
-€10,647
Other debts
+€35,750
Accrued charges and deferred income
+€615
Investment (derived)
-€106,021
Investment in fixed assets (net)
-€106,021
Financing
-€218,903
Debts after one year
-€152,688
Current portion of long-term debt
-€45,671
Short-term financial debts
+€19,206
Contributions, distributions and other
-€39,750
Cash 2025
€26,713
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,479,951 | €1,378,253 | -€101,698 | -6.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,379,856 | €1,271,918 | -€107,938 | -7.8% |
| Intangible fixed assets | 21 | €822,332 | €661,259 | -€161,073 | -19.6% |
| Tangible fixed assets | 22/27 | €557,524 | €610,659 | +€53,135 | +9.5% |
| Land and buildings | 22 | €456,783 | €446,054 | -€10,730 | -2.3% |
| Furniture and vehicles | 24 | €66,299 | €135,638 | +€69,339 | +105% |
| Other tangible fixed assets | 26 | €34,442 | €28,967 | -€5,474 | -15.9% |
| Current assets | 29/58 | €100,095 | €106,335 | +€6,240 | +6.2% |
| Amounts receivable within one year | 40/41 | €55,871 | €61,938 | +€6,068 | +10.9% |
| Trade receivables | 40 | €55,871 | €53,595 | -€2,276 | -4.1% |
| Other amounts receivable | 41 | - | €8,344 | +€8,344 | |
| Cash at bank and in hand | 54/58 | €24,560 | €26,713 | +€2,153 | +8.8% |
| Deferred charges and accrued income | 490/1 | €19,665 | €17,684 | -€1,981 | -10.1% |
| Total equity and liabilities | 10/49 | €1,479,951 | €1,378,253 | -€101,698 | -6.9% |
| Equity | 10/15 | €436,830 | €491,149 | +€54,319 | +12.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €384,935 | €439,254 | +€54,319 | +14.1% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €383,695 | €438,014 | +€54,319 | +14.2% |
| Profit (loss) carried forward | 14 | €33,145 | €33,145 | = | 0.0% |
| Amounts payable | 17/49 | €1,043,121 | €887,104 | -€156,017 | -15.0% |
| Amounts payable after more than one year | 17 | €757,940 | €605,252 | -€152,688 | -20.1% |
| Financial debts | 170/4 | €757,940 | €605,252 | -€152,688 | -20.1% |
| Amounts payable within one year | 42/48 | €285,180 | €281,236 | -€3,944 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €198,359 | €152,688 | -€45,671 | -23.0% |
| Financial debts | 43 | - | €19,206 | +€19,206 | |
| Credit institutions | 430/8 | - | €19,206 | +€19,206 | |
| Trade debts | 44 | €22,410 | €19,828 | -€2,582 | -11.5% |
| Suppliers | 440/4 | €21,093 | €19,040 | -€2,053 | -9.7% |
| Bills of exchange payable | 441 | €1,317 | €788 | -€529 | -40.2% |
| Taxes, remuneration and social security | 45 | €40,411 | €29,764 | -€10,647 | -26.3% |
| Taxes | 450/3 | €15,731 | €8,399 | -€7,332 | -46.6% |
| Remuneration and social security | 454/9 | €24,680 | €21,365 | -€3,315 | -13.4% |
| Other amounts payable | 47/48 | €24,000 | €59,750 | +€35,750 | +149% |
| Accrued charges and deferred income | 492/3 | €0 | €615 | +€615 | |
| Non-recurring operating income | 76A | €1,238 | €10,000 | +€8,762 | +708% |
| Remuneration, social security and pensions | 62 | €148,335 | €146,948 | -€1,387 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,199 | €213,959 | -€23,240 | -9.8% |
| Other operating charges | 640/8 | €8,667 | €10,509 | +€1,842 | +21.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €607,120 | €535,937 | -€71,182 | -11.7% |
| Operating profit (loss) | 9901 | €212,920 | €164,522 | -€48,398 | -22.7% |
| Financial income | 75/76B | €60 | €60 | +€0 | +0.4% |
| Recurring financial income | 75 | €60 | €60 | +€0 | +0.4% |
| Financial charges | 65/66B | €22,726 | €19,380 | -€3,346 | -14.7% |
| Recurring financial charges | 65 | €22,726 | €19,380 | -€3,346 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €190,254 | €145,203 | -€45,052 | -23.7% |
| Income taxes | 67/77 | €59,312 | €51,134 | -€8,178 | -13.8% |
| Profit (loss) for the period | 9904 | €130,942 | €94,069 | -€36,874 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,942 | €94,069 | -€36,874 | -28.2% |
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 15 October 2026 via checked.be.