ASSOC: 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.
ASSOC
Largest movements
- Cash -€17,106
down €17,106 (-17.8%), from €96,137 to €79,030
mainly Contributions, distributions and other (-€18,177) and Receivables within one year (-€11,034)
- Receivables within one year +€11,034
up €11,034 (+420.4%), from €2,625 to €13,659
- Reserves -€5,565
down €5,565 (-4.6%), from €119,708 to €114,142
of which Distributable reserves: -€5,565
- Accrued charges and deferred income -€1,955
down €1,955 (-52.1%), from €3,753 to €1,798
- Gross operating margin -€3,100
down €3,100 (-9.8%), from €31,560 to €28,460
- Depreciation -€408
down €408 (-22.0%), from €1,856 to €1,448
- Taxes +€336
up €336 (+4.5%), from €7,376 to €7,711
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,960 | €143,440 | -€7,520 | -5.0% |
| Fixed assets | 21/28 | €52,199 | €50,751 | -€1,448 | -2.8% |
| Tangible fixed assets | 22/27 | €52,199 | €50,751 | -€1,448 | -2.8% |
| Land and buildings | 22 | €52,199 | €50,751 | -€1,448 | -2.8% |
| Current assets | 29/58 | €98,761 | €92,689 | -€6,072 | -6.1% |
| Amounts receivable within one year | 40/41 | €2,625 | €13,659 | +€11,034 | +420.4% |
| Other amounts receivable | 41 | €2,625 | €13,659 | +€11,034 | +420.4% |
| Cash at bank and in hand | 54/58 | €96,137 | €79,030 | -€17,106 | -17.8% |
| Total equity and liabilities | 10/49 | €150,960 | €143,440 | -€7,520 | -5.0% |
| Equity | 10/15 | €147,208 | €141,642 | -€5,565 | -3.8% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €119,708 | €114,142 | -€5,565 | -4.6% |
| Non-distributable reserves | 130/1 | €2,750 | €2,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €116,958 | €111,392 | -€5,565 | -4.8% |
| Amounts payable | 17/49 | €3,753 | €1,798 | -€1,955 | -52.1% |
| Accrued charges and deferred income | 492/3 | €3,753 | €1,798 | -€1,955 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,856 | €1,448 | -€408 | -22.0% |
| Other operating charges | 640/8 | €6,495 | €6,659 | +€165 | +2.5% |
| Gross operating margin | 9900 | €31,560 | €28,460 | -€3,100 | -9.8% |
| Operating profit (loss) | 9901 | €23,210 | €20,353 | -€2,857 | -12.3% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €23,181 | €20,323 | -€2,858 | -12.3% |
| Income taxes | 67/77 | €7,376 | €7,711 | +€336 | +4.5% |
| Profit (loss) for the period | 9904 | €15,806 | €12,611 | -€3,194 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,806 | €12,611 | -€3,194 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.