ASSUPEN: 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.
ASSUPEN
Largest movements
- Tangible fixed assets +€547,918
up €547,918 (+1154.1%), from €47,477 to €595,395
of which Land and buildings: +€368,253
- Cash -€46,208
down €46,208 (-37.1%), from €124,418 to €78,210
mainly Investment in fixed assets (net) (-€621,617) and Other debts (-€35,322)
- Receivables within one year +€20,577
up €20,577 (+42.8%), from €48,060 to €68,637
of which Other amounts receivable: +€18,885
- Current investments +€10,945
up €10,945 (+28.5%), from €38,399 to €49,344
- Debts after one year +€487,888
up €487,888, from €0 to €487,888
- Reserves +€61,660
up €61,660 (+40.0%), from €154,091 to €215,752
- Other debts -€35,322
down €35,322 (-66.4%), from €53,171 to €17,849
- Current portion of long-term debt +€16,538
up €16,538 (+125.9%), from €13,132 to €29,671
- Depreciation +€42,098
up €42,098 (+119.1%), from €35,350 to €77,448
- Gross operating margin +€34,214
up €34,214 (+9.4%), from €362,078 to €396,293
- Financial charges +€8,387
up €8,387 (+184.6%), from €4,544 to €12,930
- Staff costs -€6,653
down €6,653 (-3.0%), from €222,152 to €215,499
- Taxes -€6,230
down €6,230 (-19.6%), from €31,792 to €25,562
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 | €275,851 | €804,113 | +€528,263 | +191.5% |
| Fixed assets | 21/28 | €51,227 | €595,395 | +€544,168 | +1062.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €47,477 | €595,395 | +€547,918 | +1154.1% |
| Land and buildings | 22 | - | €368,253 | +€368,253 | |
| Plant, machinery and equipment | 23 | €4,746 | €3,224 | -€1,523 | -32.1% |
| Furniture and vehicles | 24 | €32,476 | €25,758 | -€6,718 | -20.7% |
| Other tangible fixed assets | 26 | €10,255 | €198,160 | +€187,906 | +1832.4% |
| Financial fixed assets | 28 | €3,750 | €0 | -€3,750 | -100.0% |
| Current assets | 29/58 | €224,624 | €208,718 | -€15,906 | -7.1% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €48,060 | €68,637 | +€20,577 | +42.8% |
| Trade receivables | 40 | €2,053 | €3,745 | +€1,692 | +82.4% |
| Other amounts receivable | 41 | €46,007 | €64,892 | +€18,885 | +41.0% |
| Current investments | 50/53 | €38,399 | €49,344 | +€10,945 | +28.5% |
| Cash at bank and in hand | 54/58 | €124,418 | €78,210 | -€46,208 | -37.1% |
| Deferred charges and accrued income | 490/1 | €8,747 | €12,528 | +€3,781 | +43.2% |
| Total equity and liabilities | 10/49 | €275,851 | €804,113 | +€528,263 | +191.5% |
| Equity | 10/15 | €160,291 | €221,952 | +€61,660 | +38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,091 | €215,752 | +€61,660 | +40.0% |
| Distributable reserves | 133 | €154,091 | €215,752 | +€61,660 | +40.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,559 | €582,162 | +€466,602 | +403.8% |
| Amounts payable after more than one year | 17 | €0 | €487,888 | +€487,888 | |
| Financial debts | 170/4 | €0 | €487,888 | +€487,888 | |
| Amounts payable within one year | 42/48 | €113,639 | €94,273 | -€19,366 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €13,132 | €29,671 | +€16,538 | +125.9% |
| Financial debts | 43 | €5,071 | €11,779 | +€6,707 | +132.3% |
| Credit institutions | 430/8 | €5,071 | €11,779 | +€6,707 | +132.3% |
| Trade debts | 44 | €18,302 | €15,828 | -€2,474 | -13.5% |
| Suppliers | 440/4 | €18,302 | €15,828 | -€2,474 | -13.5% |
| Taxes, remuneration and social security | 45 | €23,963 | €19,147 | -€4,816 | -20.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €23,963 | €19,147 | -€4,816 | -20.1% |
| Other amounts payable | 47/48 | €53,171 | €17,849 | -€35,322 | -66.4% |
| Accrued charges and deferred income | 492/3 | €1,920 | €0 | -€1,920 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €222,152 | €215,499 | -€6,653 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,350 | €77,448 | +€42,098 | +119.1% |
| Other operating charges | 640/8 | €5,187 | €4,926 | -€260 | -5.0% |
| Gross operating margin | 9900 | €362,078 | €396,293 | +€34,214 | +9.4% |
| Operating profit (loss) | 9901 | €99,390 | €98,419 | -€971 | -1.0% |
| Financial income | 75/76B | €870 | €2,567 | +€1,697 | +195.1% |
| Recurring financial income | 75 | €870 | €2,567 | +€1,697 | +195.1% |
| Financial charges | 65/66B | €4,544 | €12,930 | +€8,387 | +184.6% |
| Recurring financial charges | 65 | €4,544 | €12,930 | +€8,387 | +184.6% |
| Profit (loss) for the period before taxes | 9903 | €95,716 | €88,055 | -€7,661 | -8.0% |
| Income taxes | 67/77 | €31,792 | €25,562 | -€6,230 | -19.6% |
| Profit (loss) for the period | 9904 | €63,925 | €62,493 | -€1,431 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,925 | €62,493 | -€1,431 | -2.2% |
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 12 October 2026 via checked.be.