ASSOVET: 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.
ASSOVET
Largest movements
- Intangible fixed assets +€207,338
new in 2025: €207,338
- Tangible fixed assets +€107,992
up €107,992 (+672%), from €16,074 to €124,067
of which Furniture and vehicles: +€108,771
- Receivables within one year +€96,585
up €96,585 (+41.8%), from €231,029 to €327,613
of which Trade receivables: +€72,288
- Cash +€72,803
up €72,803 (+65.3%), from €111,443 to €184,247
mainly Net result for the year (+€388,468) and Debts after one year (+€299,315)
- Debts after one year +€299,315
up €299,315 (+39,713%), from €754 to €300,069
- Other debts +€100,000
up €100,000 (+34.5%), from €290,000 to €390,000
- Current portion of long-term debt +€55,372
up €55,372 (+617%), from €8,977 to €64,349
- Trade debts +€34,656
up €34,656 (+119%), from €29,009 to €63,665
- Gross operating margin +€169,333
up €169,333 (+42.4%), from €399,361 to €568,695
- Taxes +€33,365
up €33,365 (+36.0%), from €92,635 to €126,000
- Depreciation +€30,161
up €30,161 (+373%), from €8,090 to €38,251
- Other operating charges +€7,598
up €7,598 (+507%), from €1,499 to €9,097
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 | €418,566 | €902,517 | +€483,951 | +116% |
| Fixed assets | 21/28 | €28,449 | €343,780 | +€315,331 | +1,108% |
| Intangible fixed assets | 21 | - | €207,338 | +€207,338 | |
| Tangible fixed assets | 22/27 | €16,074 | €124,067 | +€107,992 | +672% |
| Plant, machinery and equipment | 23 | €778 | €0 | -€778 | -100% |
| Furniture and vehicles | 24 | €15,296 | €124,067 | +€108,771 | +711% |
| Financial fixed assets | 28 | €12,375 | €12,375 | = | 0.0% |
| Current assets | 29/58 | €390,117 | €558,737 | +€168,621 | +43.2% |
| Stocks and contracts in progress | 3 | €47,645 | €46,877 | -€767 | -1.6% |
| Stocks | 30/36 | €47,645 | €46,877 | -€767 | -1.6% |
| Amounts receivable within one year | 40/41 | €231,029 | €327,613 | +€96,585 | +41.8% |
| Trade receivables | 40 | €231,029 | €303,317 | +€72,288 | +31.3% |
| Other amounts receivable | 41 | - | €24,296 | +€24,296 | |
| Cash at bank and in hand | 54/58 | €111,443 | €184,247 | +€72,803 | +65.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €418,566 | €902,517 | +€483,951 | +116% |
| Equity | 10/15 | €44,772 | €43,240 | -€1,532 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,172 | €24,640 | -€1,532 | -5.9% |
| Distributable reserves | 133 | €26,172 | €24,640 | -€1,532 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,794 | €859,277 | +€485,483 | +130% |
| Amounts payable after more than one year | 17 | €754 | €300,069 | +€299,315 | +39,713% |
| Financial debts | 170/4 | €754 | €300,069 | +€299,315 | +39,713% |
| Amounts payable within one year | 42/48 | €373,040 | €559,208 | +€186,168 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €8,977 | €64,349 | +€55,372 | +617% |
| Financial debts | 43 | €10,228 | €13,589 | +€3,361 | +32.9% |
| Credit institutions | 430/8 | €10,228 | €13,589 | +€3,361 | +32.9% |
| Trade debts | 44 | €29,009 | €63,665 | +€34,656 | +119% |
| Suppliers | 440/4 | €29,009 | €63,665 | +€34,656 | +119% |
| Taxes, remuneration and social security | 45 | €34,826 | €27,605 | -€7,221 | -20.7% |
| Taxes | 450/3 | €18,909 | €7,600 | -€11,309 | -59.8% |
| Remuneration and social security | 454/9 | €15,917 | €20,005 | +€4,088 | +25.7% |
| Other amounts payable | 47/48 | €290,000 | €390,000 | +€100,000 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,090 | €38,251 | +€30,161 | +373% |
| Other operating charges | 640/8 | €1,499 | €9,097 | +€7,598 | +507% |
| Gross operating margin | 9900 | €399,361 | €568,695 | +€169,333 | +42.4% |
| Operating profit (loss) | 9901 | €389,772 | €521,346 | +€131,575 | +33.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,537 | €6,878 | +€342 | +5.2% |
| Recurring financial charges | 65 | €6,537 | €6,878 | +€342 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €383,235 | €514,468 | +€131,233 | +34.2% |
| Income taxes | 67/77 | €92,635 | €126,000 | +€33,365 | +36.0% |
| Profit (loss) for the period | 9904 | €290,600 | €388,468 | +€97,868 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €290,600 | €388,468 | +€97,868 | +33.7% |
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.