ASSITEC: 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.
ASSITEC
Largest movements
- Cash +€84,671
up €84,671 (+39.4%), from €214,676 to €299,346
- Tangible fixed assets +€68,723
up €68,723 (+412.8%), from €16,649 to €85,372
of which Furniture and vehicles: +€71,584
- Receivables within one year -€18,432
down €18,432 (-21.8%), from €84,432 to €66,000
of which Trade receivables: -€45,996
- Current investments +€14,743
up €14,743 (+21.2%), from €69,636 to €84,379
- Reserves +€159,979
up €159,979 (+50.8%), from €315,123 to €475,102
of which Distributable reserves: +€162,479
- Tax, wage and social debts -€11,908
down €11,908 (-31.1%), from €38,265 to €26,358
of which Taxes: -€12,992
- Current portion of long-term debt -€6,667
down €6,667 (-100.0%), from €6,667 to €0
- Trade debts +€5,723
up €5,723 (+161.7%), from €3,539 to €9,262
- Gross operating margin +€46,155
up €46,155 (+23.7%), from €194,635 to €240,790
- Staff costs -€24,292
down €24,292, from €24,214 to -€79
- Depreciation +€13,954
up €13,954 (+184.1%), from €7,579 to €21,532
- Taxes +€12,825
up €12,825 (+27.0%), from €47,548 to €60,373
- Financial income +€9,466
up €9,466 (+1880.2%), from €503 to €9,969
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,594 | €540,159 | +€151,565 | +39.0% |
| Fixed assets | 21/28 | €16,664 | €85,372 | +€68,708 | +412.3% |
| Tangible fixed assets | 22/27 | €16,649 | €85,372 | +€68,723 | +412.8% |
| Plant, machinery and equipment | 23 | €3,807 | €946 | -€2,862 | -75.2% |
| Furniture and vehicles | 24 | €12,842 | €84,426 | +€71,584 | +557.4% |
| Financial fixed assets | 28 | €15 | €0 | -€15 | -100.0% |
| Current assets | 29/58 | €371,930 | €454,787 | +€82,858 | +22.3% |
| Amounts receivable within one year | 40/41 | €84,432 | €66,000 | -€18,432 | -21.8% |
| Trade receivables | 40 | €80,570 | €34,574 | -€45,996 | -57.1% |
| Other amounts receivable | 41 | €3,862 | €31,426 | +€27,565 | +713.8% |
| Current investments | 50/53 | €69,636 | €84,379 | +€14,743 | +21.2% |
| Cash at bank and in hand | 54/58 | €214,676 | €299,346 | +€84,671 | +39.4% |
| Deferred charges and accrued income | 490/1 | €3,186 | €5,062 | +€1,876 | +58.9% |
| Total equity and liabilities | 10/49 | €388,594 | €540,159 | +€151,565 | +39.0% |
| Equity | 10/15 | €340,123 | €500,102 | +€159,979 | +47.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €315,123 | €475,102 | +€159,979 | +50.8% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100.0% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100.0% |
| Distributable reserves | 133 | €312,623 | €475,102 | +€162,479 | +52.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €48,471 | €40,057 | -€8,414 | -17.4% |
| Amounts payable within one year | 42/48 | €48,471 | €36,343 | -€12,128 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €0 | -€6,667 | -100.0% |
| Financial debts | 43 | - | €140 | +€140 | |
| Credit institutions | 430/8 | - | €140 | +€140 | |
| Trade debts | 44 | €3,539 | €9,262 | +€5,723 | +161.7% |
| Suppliers | 440/4 | €3,539 | €9,262 | +€5,723 | +161.7% |
| Taxes, remuneration and social security | 45 | €38,265 | €26,358 | -€11,908 | -31.1% |
| Taxes | 450/3 | €35,487 | €22,495 | -€12,992 | -36.6% |
| Remuneration and social security | 454/9 | €2,778 | €3,863 | +€1,085 | +39.0% |
| Other amounts payable | 47/48 | - | €583 | +€583 | |
| Accrued charges and deferred income | 492/3 | - | €3,714 | +€3,714 | |
| Non-recurring operating income | 76A | €13,300 | €0 | -€13,300 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,214 | -€79 | -€24,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,579 | €21,532 | +€13,954 | +184.1% |
| Other operating charges | 640/8 | €773 | €4,260 | +€3,487 | +451.0% |
| Gross operating margin | 9900 | €194,635 | €240,790 | +€46,155 | +23.7% |
| Operating profit (loss) | 9901 | €162,070 | €215,076 | +€53,006 | +32.7% |
| Financial income | 75/76B | €503 | €9,969 | +€9,466 | +1880.2% |
| Recurring financial income | 75 | €503 | €9,969 | +€9,466 | +1880.2% |
| Financial charges | 65/66B | €793 | €3,859 | +€3,066 | +386.7% |
| Recurring financial charges | 65 | €793 | €3,859 | +€3,066 | +386.7% |
| Profit (loss) for the period before taxes | 9903 | €161,780 | €221,186 | +€59,406 | +36.7% |
| Income taxes | 67/77 | €47,548 | €60,373 | +€12,825 | +27.0% |
| Profit (loss) for the period | 9904 | €114,232 | €160,812 | +€46,580 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,232 | €160,812 | +€46,580 | +40.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.