ASSUCON: 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.
ASSUCON
Largest movements
- Current investments +€970,840
new in 2025: €970,840
- Cash -€730,280
down €730,280 (-95.6%), from €763,501 to €33,221
mainly Current investments (-€970,840) and Current portion of long-term debt (-€12,302)
- Tangible fixed assets -€50,264
down €50,264 (-9.1%), from €550,108 to €499,844
of which Land and buildings: -€33,244
- Reserves +€141,754
up €141,754 (+19.5%), from €727,883 to €869,637
- Advances received +€60,681
up €60,681 (+34.2%), from €177,454 to €238,135
- Gross operating margin +€52,880
up €52,880 (+25.1%), from €210,995 to €263,875
- Taxes +€17,537
up €17,537 (+38.6%), from €45,447 to €62,984
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 | €1,317,020 | €1,507,066 | +€190,046 | +14.4% |
| Fixed assets | 21/28 | €550,108 | €499,844 | -€50,264 | -9.1% |
| Tangible fixed assets | 22/27 | €550,108 | €499,844 | -€50,264 | -9.1% |
| Land and buildings | 22 | €474,820 | €441,576 | -€33,244 | -7.0% |
| Plant, machinery and equipment | 23 | - | €1,687 | +€1,687 | |
| Furniture and vehicles | 24 | €75,288 | €56,581 | -€18,706 | -24.8% |
| Current assets | 29/58 | €766,912 | €1,007,221 | +€240,310 | +31.3% |
| Amounts receivable within one year | 40/41 | €3,411 | €2,891 | -€520 | -15.2% |
| Trade receivables | 40 | €3,411 | €2,891 | -€520 | -15.2% |
| Current investments | 50/53 | - | €970,840 | +€970,840 | |
| Cash at bank and in hand | 54/58 | €763,501 | €33,221 | -€730,280 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €269 | +€269 | |
| Total equity and liabilities | 10/49 | €1,317,020 | €1,507,066 | +€190,046 | +14.4% |
| Equity | 10/15 | €916,457 | €1,058,211 | +€141,754 | +15.5% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €727,883 | €869,637 | +€141,754 | +19.5% |
| Distributable reserves | 133 | €727,883 | €869,637 | +€141,754 | +19.5% |
| Profit (loss) carried forward | 14 | €174,174 | €174,174 | = | 0.0% |
| Amounts payable | 17/49 | €400,563 | €448,855 | +€48,292 | +12.1% |
| Amounts payable after more than one year | 17 | €65,650 | €56,902 | -€8,748 | -13.3% |
| Financial debts | 170/4 | €65,650 | €56,902 | -€8,748 | -13.3% |
| Amounts payable within one year | 42/48 | €303,823 | €355,690 | +€51,867 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €21,050 | €8,748 | -€12,302 | -58.4% |
| Trade debts | 44 | €2,846 | - | -€2,846 | |
| Suppliers | 440/4 | €2,846 | - | -€2,846 | |
| Advances received on contracts in progress | 46 | €177,454 | €238,135 | +€60,681 | +34.2% |
| Taxes, remuneration and social security | 45 | €30,731 | €36,096 | +€5,365 | +17.5% |
| Taxes | 450/3 | €30,731 | €36,096 | +€5,365 | +17.5% |
| Other amounts payable | 47/48 | €71,743 | €72,711 | +€968 | +1.3% |
| Accrued charges and deferred income | 492/3 | €31,090 | €36,263 | +€5,173 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,464 | €54,812 | -€651 | -1.2% |
| Other operating charges | 640/8 | €4,592 | €4,943 | +€351 | +7.6% |
| Gross operating margin | 9900 | €210,995 | €263,875 | +€52,880 | +25.1% |
| Operating profit (loss) | 9901 | €150,940 | €204,119 | +€53,180 | +35.2% |
| Financial income | 75/76B | €8,741 | €8,408 | -€332 | -3.8% |
| Recurring financial income | 75 | €8,741 | €8,408 | -€332 | -3.8% |
| Financial charges | 65/66B | €8,017 | €7,789 | -€228 | -2.8% |
| Recurring financial charges | 65 | €8,017 | €7,789 | -€228 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €151,663 | €204,738 | +€53,075 | +35.0% |
| Income taxes | 67/77 | €45,447 | €62,984 | +€17,537 | +38.6% |
| Profit (loss) for the period | 9904 | €106,216 | €141,754 | +€35,538 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,216 | €141,754 | +€35,538 | +33.5% |
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 29 September 2026 via checked.be.