ASSUCREDIMO: 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.
ASSUCREDIMO
Largest movements
- Cash +€22,494
up €22,494 (+99.3%), from €22,663 to €45,157
mainly Net result for the year (+€26,447) and Depreciation (+€11,452)
- Tangible fixed assets -€10,215
down €10,215 (-5.3%), from €191,870 to €181,654
of which Assets under construction and advance payments: -€21,698
- Receivables within one year +€2,527
up €2,527 (+10,139%), from €25 to €2,552
- Profit (loss) carried forward +€26,447
up €26,447 (+13.6%), from -€194,054 to -€167,608
- Debts after one year -€11,693
down €11,693 (-7.2%), from €161,693 to €150,000
- Trade debts -€2,849
down €2,849 (-52.1%), from €5,468 to €2,619
- Other debts +€2,561
up €2,561 (+57.3%), from €4,472 to €7,033
- Gross operating margin +€15,268
up €15,268 (+51.4%), from €29,715 to €44,983
- Depreciation +€5,626
up €5,626 (+96.6%), from €5,825 to €11,452
- Financial charges +€3,002
up €3,002 (+262%), from €1,146 to €4,147
- Other operating charges -€739
down €739 (-21.5%), from €3,429 to €2,690
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 | €216,010 | €230,699 | +€14,689 | +6.8% |
| Fixed assets | 21/28 | €192,490 | €182,274 | -€10,215 | -5.3% |
| Tangible fixed assets | 22/27 | €191,870 | €181,654 | -€10,215 | -5.3% |
| Land and buildings | 22 | €123,883 | €120,233 | -€3,650 | -2.9% |
| Plant, machinery and equipment | 23 | €44,913 | €60,928 | +€16,015 | +35.7% |
| Furniture and vehicles | 24 | €1,376 | €493 | -€883 | -64.2% |
| Assets under construction and advance payments | 27 | €21,698 | - | -€21,698 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €23,520 | €48,425 | +€24,905 | +106% |
| Amounts receivable within one year | 40/41 | €25 | €2,552 | +€2,527 | +10,139% |
| Other amounts receivable | 41 | €25 | €2,552 | +€2,527 | +10,139% |
| Cash at bank and in hand | 54/58 | €22,663 | €45,157 | +€22,494 | +99.3% |
| Deferred charges and accrued income | 490/1 | €832 | €716 | -€116 | -13.9% |
| Total equity and liabilities | 10/49 | €216,010 | €230,699 | +€14,689 | +6.8% |
| Equity | 10/15 | €44,354 | €70,801 | +€26,447 | +59.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €232,211 | €232,211 | = | 0.0% |
| Distributable reserves | 133 | €232,211 | €232,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,054 | -€167,608 | +€26,447 | +13.6% |
| Amounts payable | 17/49 | €171,655 | €159,898 | -€11,757 | -6.8% |
| Amounts payable after more than one year | 17 | €161,693 | €150,000 | -€11,693 | -7.2% |
| Other amounts payable | 178/9 | €161,693 | €150,000 | -€11,693 | -7.2% |
| Amounts payable within one year | 42/48 | €9,962 | €9,898 | -€64 | -0.6% |
| Trade debts | 44 | €5,468 | €2,619 | -€2,849 | -52.1% |
| Suppliers | 440/4 | €5,468 | €2,619 | -€2,849 | -52.1% |
| Taxes, remuneration and social security | 45 | €22 | €247 | +€224 | +998% |
| Taxes | 450/3 | €22 | €247 | +€224 | +998% |
| Other amounts payable | 47/48 | €4,472 | €7,033 | +€2,561 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,825 | €11,452 | +€5,626 | +96.6% |
| Other operating charges | 640/8 | €3,429 | €2,690 | -€739 | -21.5% |
| Gross operating margin | 9900 | €29,715 | €44,983 | +€15,268 | +51.4% |
| Operating profit (loss) | 9901 | €20,461 | €30,841 | +€10,380 | +50.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,146 | €4,147 | +€3,002 | +262% |
| Recurring financial charges | 65 | €1,146 | €4,147 | +€3,002 | +262% |
| Profit (loss) for the period before taxes | 9903 | €19,315 | €26,693 | +€7,379 | +38.2% |
| Income taxes | 67/77 | €22 | €247 | +€224 | +998% |
| Profit (loss) for the period | 9904 | €19,292 | €26,447 | +€7,154 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,292 | €26,447 | +€7,154 | +37.1% |
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 16 October 2026 via checked.be.