ASSUFLEX: 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.
ASSUFLEX
Largest movements
- Current investments +€950,000
up €950,000 (+146.2%), from €650,000 to €1.6m
- Intangible fixed assets -€121,449
down €121,449 (-27.9%), from €434,697 to €313,249
- Cash -€31,188
down €31,188 (-26.4%), from €118,302 to €87,114
mainly Current investments (-€950,000) and Contributions, distributions and other (-€598,882)
- Tangible fixed assets -€24,991
down €24,991 (-24.2%), from €103,332 to €78,341
of which Furniture and vehicles: -€24,315
- Receivables within one year +€24,718
up €24,718 (+619.1%), from €3,993 to €28,711
- Other debts +€473,882
up €473,882 (+379.1%), from €125,000 to €598,882
- Trade debts +€296,291
up €296,291 (+147.2%), from €201,244 to €497,535
- Reserves +€25,057
up €25,057 (+2.5%), from €1.0m to €1.0m
- Gross operating margin +€379,262
up €379,262 (+33.2%), from €1.1m to €1.5m
- Taxes +€107,773
up €107,773 (+64.1%), from €168,226 to €275,999
- Staff costs +€44,684
up €44,684 (+10.0%), from €444,764 to €489,448
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 | €1,403,923 | €2,208,468 | +€804,545 | +57.3% |
| Fixed assets | 21/28 | €538,029 | €391,589 | -€146,440 | -27.2% |
| Intangible fixed assets | 21 | €434,697 | €313,249 | -€121,449 | -27.9% |
| Tangible fixed assets | 22/27 | €103,332 | €78,341 | -€24,991 | -24.2% |
| Furniture and vehicles | 24 | €96,746 | €72,431 | -€24,315 | -25.1% |
| Other tangible fixed assets | 26 | €6,586 | €5,910 | -€677 | -10.3% |
| Current assets | 29/58 | €865,894 | €1,816,879 | +€950,985 | +109.8% |
| Amounts receivable within one year | 40/41 | €3,993 | €28,711 | +€24,718 | +619.1% |
| Other amounts receivable | 41 | €3,993 | €28,711 | +€24,718 | +619.1% |
| Current investments | 50/53 | €650,000 | €1,600,000 | +€950,000 | +146.2% |
| Cash at bank and in hand | 54/58 | €118,302 | €87,114 | -€31,188 | -26.4% |
| Deferred charges and accrued income | 490/1 | €93,600 | €101,054 | +€7,455 | +8.0% |
| Total equity and liabilities | 10/49 | €1,403,923 | €2,208,468 | +€804,545 | +57.3% |
| Equity | 10/15 | €1,033,905 | €1,058,961 | +€25,057 | +2.4% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €1,015,105 | €1,040,161 | +€25,057 | +2.5% |
| Distributable reserves | 133 | €1,015,105 | €1,040,161 | +€25,057 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €370,018 | €1,149,506 | +€779,488 | +210.7% |
| Amounts payable within one year | 42/48 | €370,018 | €1,149,506 | +€779,488 | +210.7% |
| Trade debts | 44 | €201,244 | €497,535 | +€296,291 | +147.2% |
| Suppliers | 440/4 | €201,244 | €497,535 | +€296,291 | +147.2% |
| Taxes, remuneration and social security | 45 | €43,774 | €53,090 | +€9,316 | +21.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €43,774 | €53,090 | +€9,316 | +21.3% |
| Other amounts payable | 47/48 | €125,000 | €598,882 | +€473,882 | +379.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €444,764 | €489,448 | +€44,684 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,342 | €154,708 | +€1,366 | +0.9% |
| Other operating charges | 640/8 | €1,763 | €2,979 | +€1,216 | +69.0% |
| Non-recurring operating charges | 66A | - | €6,750 | +€6,750 | |
| Gross operating margin | 9900 | €1,143,500 | €1,522,763 | +€379,262 | +33.2% |
| Operating profit (loss) | 9901 | €543,631 | €868,877 | +€325,245 | +59.8% |
| Financial income | 75/76B | €20,948 | €31,584 | +€10,637 | +50.8% |
| Recurring financial income | 75 | €20,948 | €31,584 | +€10,637 | +50.8% |
| Financial charges | 65/66B | €933 | €524 | -€409 | -43.8% |
| Recurring financial charges | 65 | €933 | €524 | -€409 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €563,646 | €899,937 | +€336,291 | +59.7% |
| Income taxes | 67/77 | €168,226 | €275,999 | +€107,773 | +64.1% |
| Profit (loss) for the period | 9904 | €395,420 | €623,938 | +€228,518 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €395,420 | €623,938 | +€228,518 | +57.8% |
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 7 October 2026 via checked.be.