ASSRA: 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.
ASSRA
Largest movements
- Cash +€669,002
up €669,002 (+1095.7%), from €61,059 to €730,061
mainly Current investments (+€650,000) and Receivables within one year (+€51,098)
- Current investments -€650,000
down €650,000 (-100.0%), from €650,000 to €0
- Tangible fixed assets +€55,774
up €55,774 (+30.7%), from €181,765 to €237,539
of which Furniture and vehicles: +€68,844
- Receivables within one year -€51,098
down €51,098 (-67.0%), from €76,251 to €25,153
of which Trade receivables: -€51,636
- Reserves +€43,228
up €43,228 (+5.1%), from €850,377 to €893,604
of which Distributable reserves: +€43,363
- Other debts -€11,043
down €11,043 (-23.2%), from €47,656 to €36,614
- Gross operating margin -€27,306
down €27,306 (-20.3%), from €134,532 to €107,226
- Taxes -€9,954
down €9,954 (-31.7%), from €31,383 to €21,429
- Other operating charges -€5,363
down €5,363 (-56.6%), from €9,469 to €4,106
- Financial income -€5,186
down €5,186 (-86.2%), from €6,015 to €829
- Depreciation +€4,191
up €4,191 (+13.3%), from €31,485 to €35,676
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.
Cash bridge derived
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 | €971,522 | €995,740 | +€24,218 | +2.5% |
| Fixed assets | 21/28 | €181,765 | €237,539 | +€55,774 | +30.7% |
| Tangible fixed assets | 22/27 | €181,765 | €237,539 | +€55,774 | +30.7% |
| Land and buildings | 22 | €151,652 | €140,310 | -€11,342 | -7.5% |
| Plant, machinery and equipment | 23 | €12,111 | €10,384 | -€1,728 | -14.3% |
| Furniture and vehicles | 24 | €18,002 | €86,846 | +€68,844 | +382.4% |
| Current assets | 29/58 | €789,756 | €758,200 | -€31,556 | -4.0% |
| Amounts receivable within one year | 40/41 | €76,251 | €25,153 | -€51,098 | -67.0% |
| Trade receivables | 40 | €76,218 | €24,582 | -€51,636 | -67.7% |
| Other amounts receivable | 41 | €33 | €571 | +€538 | +1612.5% |
| Current investments | 50/53 | €650,000 | €0 | -€650,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,059 | €730,061 | +€669,002 | +1095.7% |
| Deferred charges and accrued income | 490/1 | €2,447 | €2,986 | +€540 | +22.1% |
| Total equity and liabilities | 10/49 | €971,522 | €995,740 | +€24,218 | +2.5% |
| Equity | 10/15 | €901,444 | €944,672 | +€43,228 | +4.8% |
| Contributions | 10/11 | €6,329 | €6,329 | = | 0.0% |
| Reserves | 13 | €850,377 | €893,604 | +€43,228 | +5.1% |
| Tax-exempt reserves | 132 | €135 | €0 | -€135 | -100.0% |
| Distributable reserves | 133 | €850,242 | €893,604 | +€43,363 | +5.1% |
| Profit (loss) carried forward | 14 | €44,738 | €44,738 | = | 0.0% |
| Amounts payable | 17/49 | €70,077 | €51,068 | -€19,010 | -27.1% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,400 | €44,446 | -€19,954 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,266 | €4,905 | -€1,361 | -21.7% |
| Suppliers | 440/4 | €6,266 | €4,905 | -€1,361 | -21.7% |
| Taxes, remuneration and social security | 45 | €10,478 | €2,928 | -€7,550 | -72.1% |
| Taxes | 450/3 | €7,478 | €2,928 | -€4,550 | -60.8% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €47,656 | €36,614 | -€11,043 | -23.2% |
| Accrued charges and deferred income | 492/3 | €677 | €1,622 | +€944 | +139.4% |
| Non-recurring operating income | 76A | - | €3,816 | +€3,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,485 | €35,676 | +€4,191 | +13.3% |
| Other operating charges | 640/8 | €9,469 | €4,106 | -€5,363 | -56.6% |
| Gross operating margin | 9900 | €134,532 | €107,226 | -€27,306 | -20.3% |
| Operating profit (loss) | 9901 | €93,577 | €67,444 | -€26,133 | -27.9% |
| Financial income | 75/76B | €6,015 | €829 | -€5,186 | -86.2% |
| Recurring financial income | 75 | €6,015 | €829 | -€5,186 | -86.2% |
| Financial charges | 65/66B | €4,769 | €3,616 | -€1,153 | -24.2% |
| Recurring financial charges | 65 | €4,769 | €3,616 | -€1,153 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €94,823 | €64,657 | -€30,166 | -31.8% |
| Income taxes | 67/77 | €31,383 | €21,429 | -€9,954 | -31.7% |
| Profit (loss) for the period | 9904 | €63,440 | €43,228 | -€20,212 | -31.9% |
| Transfer from tax-exempt reserves | 789 | - | €135 | +€135 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,440 | €43,363 | -€20,077 | -31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.