ASSU-BO: 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.
ASSU-BO
Largest movements
- Receivables within one year +€121,208
up €121,208 (+27.2%), from €446,126 to €567,334
- Cash +€62,165
up €62,165 (+61.3%), from €101,394 to €163,559
mainly Net result for the year (+€215,019) and Other debts (+€91,632)
- Tangible fixed assets -€39,820
down €39,820 (-11.3%), from €352,612 to €312,792
- Intangible fixed assets -€17,387
down €17,387 (-16.7%), from €104,385 to €86,998
- Current investments +€16,000
up €16,000 (+20.0%), from €80,000 to €96,000
- Reserves +€130,855
up €130,855 (+32.2%), from €406,099 to €536,954
- Other debts +€91,632
up €91,632 (+91.9%), from €99,719 to €191,351
- Debts after one year -€56,971
down €56,971 (-14.0%), from €405,870 to €348,899
- Current portion of long-term debt -€52,022
down €52,022 (-47.7%), from €108,993 to €56,971
- Trade debts +€25,759
up €25,759 (+402%), from €6,415 to €32,174
- Depreciation -€83,317
down €83,317 (-55.1%), from €151,226 to €67,909
- Gross operating margin +€31,600
up €31,600 (+5.4%), from €587,201 to €618,801
- Staff costs +€15,022
up €15,022 (+5.9%), from €254,958 to €269,979
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 | €1,089,510 | €1,230,344 | +€140,833 | +12.9% |
| Fixed assets | 21/28 | €456,997 | €399,790 | -€57,207 | -12.5% |
| Intangible fixed assets | 21 | €104,385 | €86,998 | -€17,387 | -16.7% |
| Tangible fixed assets | 22/27 | €352,612 | €312,792 | -€39,820 | -11.3% |
| Land and buildings | 22 | €286,780 | €269,402 | -€17,378 | -6.1% |
| Plant, machinery and equipment | 23 | €8,209 | €5,428 | -€2,781 | -33.9% |
| Furniture and vehicles | 24 | €57,622 | €37,962 | -€19,660 | -34.1% |
| Current assets | 29/58 | €632,513 | €830,553 | +€198,040 | +31.3% |
| Amounts receivable within one year | 40/41 | €446,126 | €567,334 | +€121,208 | +27.2% |
| Other amounts receivable | 41 | €446,126 | €567,334 | +€121,208 | +27.2% |
| Current investments | 50/53 | €80,000 | €96,000 | +€16,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €101,394 | €163,559 | +€62,165 | +61.3% |
| Deferred charges and accrued income | 490/1 | €4,994 | €3,660 | -€1,334 | -26.7% |
| Total equity and liabilities | 10/49 | €1,089,510 | €1,230,344 | +€140,833 | +12.9% |
| Equity | 10/15 | €424,699 | €555,554 | +€130,855 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €406,099 | €536,954 | +€130,855 | +32.2% |
| Distributable reserves | 133 | €406,099 | €536,954 | +€130,855 | +32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €664,811 | €674,790 | +€9,979 | +1.5% |
| Amounts payable after more than one year | 17 | €405,870 | €348,899 | -€56,971 | -14.0% |
| Financial debts | 170/4 | €405,870 | €348,899 | -€56,971 | -14.0% |
| Amounts payable within one year | 42/48 | €258,941 | €325,890 | +€66,950 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €108,993 | €56,971 | -€52,022 | -47.7% |
| Trade debts | 44 | €6,415 | €32,174 | +€25,759 | +402% |
| Suppliers | 440/4 | €6,415 | €32,174 | +€25,759 | +402% |
| Taxes, remuneration and social security | 45 | €43,814 | €45,394 | +€1,580 | +3.6% |
| Taxes | 450/3 | €16,685 | €20,873 | +€4,188 | +25.1% |
| Remuneration and social security | 454/9 | €27,128 | €24,521 | -€2,608 | -9.6% |
| Other amounts payable | 47/48 | €99,719 | €191,351 | +€91,632 | +91.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €254,958 | €269,979 | +€15,022 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,226 | €67,909 | -€83,317 | -55.1% |
| Other operating charges | 640/8 | €3,054 | €3,135 | +€81 | +2.7% |
| Gross operating margin | 9900 | €587,201 | €618,801 | +€31,600 | +5.4% |
| Operating profit (loss) | 9901 | €177,963 | €277,777 | +€99,814 | +56.1% |
| Financial income | 75/76B | €14,815 | €18,168 | +€3,353 | +22.6% |
| Recurring financial income | 75 | €14,815 | €18,168 | +€3,353 | +22.6% |
| Financial charges | 65/66B | €9,867 | €11,087 | +€1,221 | +12.4% |
| Recurring financial charges | 65 | €9,867 | €11,087 | +€1,221 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €182,912 | €284,858 | +€101,946 | +55.7% |
| Income taxes | 67/77 | €66,483 | €69,840 | +€3,357 | +5.0% |
| Profit (loss) for the period | 9904 | €116,429 | €215,019 | +€98,590 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,429 | €215,019 | +€98,590 | +84.7% |
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 21 October 2026 via checked.be.