ASSULEEN: 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.
ASSULEEN
Largest movements
- Current investments -€1.8m
down €1.8m (-69.2%), from €2.6m to €800,000
- Tangible fixed assets -€417,816
down €417,816 (-2.2%), from €18.9m to €18.5m
of which Land and buildings: -€388,634
- Other debts -€4.0m
down €4.0m (-53.6%), from €7.5m to €3.5m
- Reserves +€1.5m
up €1.5m (+10.7%), from €13.6m to €15.1m
of which Distributable reserves: +€1.5m
- Depreciation -€413,630
down €413,630 (-49.7%), from €832,785 to €419,155
- Taxes +€103,290
up €103,290 (+26.8%), from €385,951 to €489,242
- Financial income +€74,032
up €74,032 (+459.9%), from €16,098 to €90,131
- Financial charges +€47,852
up €47,852 (+12.1%), from €395,308 to €443,160
of which Financial charges: +€63,658
- Other operating charges +€29,579
up €29,579 (+33.6%), from €87,925 to €117,504
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,250,411 | €19,754,421 | -€2.5m | -11.2% |
| Fixed assets | 21/28 | €18,936,964 | €18,517,809 | -€419,155 | -2.2% |
| Intangible fixed assets | 21 | €5,572 | €4,233 | -€1,339 | -24.0% |
| Tangible fixed assets | 22/27 | €18,931,392 | €18,513,576 | -€417,816 | -2.2% |
| Land and buildings | 22 | €18,827,376 | €18,438,742 | -€388,634 | -2.1% |
| Furniture and vehicles | 24 | €104,016 | €74,834 | -€29,182 | -28.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €3,313,447 | €1,236,612 | -€2.1m | -62.7% |
| Amounts receivable within one year | 40/41 | €193,256 | €0 | -€193,256 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €193,256 | €0 | -€193,256 | -100.0% |
| Current investments | 50/53 | €2,599,000 | €800,000 | -€1.8m | -69.2% |
| Cash at bank and in hand | 54/58 | €441,346 | €365,094 | -€76,252 | -17.3% |
| Deferred charges and accrued income | 490/1 | €79,845 | €71,518 | -€8,327 | -10.4% |
| Total equity and liabilities | 10/49 | €22,250,411 | €19,754,421 | -€2.5m | -11.2% |
| Equity | 10/15 | €13,693,476 | €15,152,532 | +€1.5m | +10.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,631,476 | €15,090,532 | +€1.5m | +10.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €13,625,276 | €15,084,332 | +€1.5m | +10.7% |
| Amounts payable | 17/49 | €8,556,936 | €4,601,889 | -€4.0m | -46.2% |
| Amounts payable within one year | 42/48 | €8,171,352 | €4,151,199 | -€4.0m | -49.2% |
| Trade debts | 44 | €632,068 | €586,664 | -€45,405 | -7.2% |
| Suppliers | 440/4 | €14,612 | €25,734 | +€11,122 | +76.1% |
| Bills of exchange payable | 441 | €617,456 | €560,930 | -€56,526 | -9.2% |
| Taxes, remuneration and social security | 45 | €11,485 | €75,252 | +€63,767 | +555.2% |
| Taxes | 450/3 | €0 | €63,088 | +€63,088 | |
| Remuneration and social security | 454/9 | €11,485 | €12,164 | +€680 | +5.9% |
| Other amounts payable | 47/48 | €7,527,800 | €3,489,284 | -€4.0m | -53.6% |
| Accrued charges and deferred income | 492/3 | €385,583 | €450,690 | +€65,107 | +16.9% |
| Non-recurring operating income | 76A | €122,695 | €6,000 | -€116,695 | -95.1% |
| Remuneration, social security and pensions | 62 | €91,089 | €95,833 | +€4,744 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832,785 | €419,155 | -€413,630 | -49.7% |
| Other operating charges | 640/8 | €87,925 | €117,504 | +€29,579 | +33.6% |
| Gross operating margin | 9900 | €2,920,406 | €2,933,819 | +€13,414 | +0.5% |
| Operating profit (loss) | 9901 | €1,908,606 | €2,301,327 | +€392,721 | +20.6% |
| Financial income | 75/76B | €16,098 | €90,131 | +€74,032 | +459.9% |
| Recurring financial income | 75 | €16,098 | €90,131 | +€74,032 | +459.9% |
| Financial charges | 65/66B | €395,308 | €443,160 | +€47,852 | +12.1% |
| Recurring financial charges | 65 | €379,502 | €443,160 | +€63,658 | +16.8% |
| Non-recurring financial charges | 66B | €15,806 | €0 | -€15,806 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,529,397 | €1,948,298 | +€418,901 | +27.4% |
| Income taxes | 67/77 | €385,951 | €489,242 | +€103,290 | +26.8% |
| Profit (loss) for the period | 9904 | €1,143,445 | €1,459,056 | +€315,610 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,143,445 | €1,459,056 | +€315,610 | +27.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.