ASSUR 4: 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.
ASSUR 4
Largest movements
- Stocks and contracts -€77,800
down €77,800 (-60.3%), from €129,100 to €51,300
- Receivables within one year -€62,115
down €62,115 (-40.4%), from €153,919 to €91,804
of which Other amounts receivable: -€130,515
- Tangible fixed assets -€38,976
down €38,976 (-10.3%), from €378,679 to €339,703
of which Land and buildings: -€37,846
- Cash +€7,618
up €7,618 (+187%), from €4,071 to €11,689
mainly Stocks and contracts (+€77,800) and Net result for the year (+€64,236)
- Trade debts -€133,017
down €133,017 (-65.9%), from €201,832 to €68,814
- Other debts -€86,727
down €86,727 (-46.6%), from €185,954 to €99,227
- Profit (loss) carried forward +€64,236
up €64,236 (+53.0%), from €121,305 to €185,541
- Debts after one year -€24,063
down €24,063 (-23.4%), from €102,846 to €78,783
- Tax, wage and social debts +€9,324
up €9,324 (+53.2%), from €17,539 to €26,863
of which Taxes: +€10,000
- Gross operating margin +€81,364
up €81,364 (+55.8%), from €145,884 to €227,248
- Staff costs +€14,745
up €14,745 (+23.7%), from €62,223 to €76,968
- Other operating charges +€13,924
up €13,924 (+878%), from €1,586 to €15,510
- Taxes +€13,055
up €13,055 (+148%), from €8,800 to €21,855
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 | €675,193 | €502,967 | -€172,226 | -25.5% |
| Fixed assets | 21/28 | €384,679 | €345,703 | -€38,976 | -10.1% |
| Tangible fixed assets | 22/27 | €378,679 | €339,703 | -€38,976 | -10.3% |
| Land and buildings | 22 | €327,778 | €289,931 | -€37,846 | -11.5% |
| Furniture and vehicles | 24 | €2,353 | €8,714 | +€6,361 | +270% |
| Other tangible fixed assets | 26 | €48,549 | €41,058 | -€7,490 | -15.4% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €290,514 | €157,264 | -€133,250 | -45.9% |
| Stocks and contracts in progress | 3 | €129,100 | €51,300 | -€77,800 | -60.3% |
| Stocks | 30/36 | €129,100 | €51,300 | -€77,800 | -60.3% |
| Amounts receivable within one year | 40/41 | €153,919 | €91,804 | -€62,115 | -40.4% |
| Trade receivables | 40 | - | €68,400 | +€68,400 | |
| Other amounts receivable | 41 | €153,919 | €23,404 | -€130,515 | -84.8% |
| Cash at bank and in hand | 54/58 | €4,071 | €11,689 | +€7,618 | +187% |
| Deferred charges and accrued income | 490/1 | €3,424 | €2,471 | -€953 | -27.8% |
| Total equity and liabilities | 10/49 | €675,193 | €502,967 | -€172,226 | -25.5% |
| Equity | 10/15 | €140,980 | €205,216 | +€64,236 | +45.6% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €876 | €876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €876 | €876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €876 | €876 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,305 | €185,541 | +€64,236 | +53.0% |
| Amounts payable | 17/49 | €534,213 | €297,751 | -€236,462 | -44.3% |
| Amounts payable after more than one year | 17 | €102,846 | €78,783 | -€24,063 | -23.4% |
| Financial debts | 170/4 | €102,846 | €78,783 | -€24,063 | -23.4% |
| Amounts payable within one year | 42/48 | €431,367 | €218,968 | -€212,399 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €26,043 | €24,063 | -€1,979 | -7.6% |
| Trade debts | 44 | €201,832 | €68,814 | -€133,017 | -65.9% |
| Suppliers | 440/4 | €201,832 | €68,814 | -€133,017 | -65.9% |
| Taxes, remuneration and social security | 45 | €17,539 | €26,863 | +€9,324 | +53.2% |
| Taxes | 450/3 | €12,000 | €22,000 | +€10,000 | +83.3% |
| Remuneration and social security | 454/9 | €5,539 | €4,863 | -€675 | -12.2% |
| Other amounts payable | 47/48 | €185,954 | €99,227 | -€86,727 | -46.6% |
| Remuneration, social security and pensions | 62 | €62,223 | €76,968 | +€14,745 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,517 | €46,176 | -€1,341 | -2.8% |
| Other operating charges | 640/8 | €1,586 | €15,510 | +€13,924 | +878% |
| Gross operating margin | 9900 | €145,884 | €227,248 | +€81,364 | +55.8% |
| Operating profit (loss) | 9901 | €34,558 | €88,594 | +€54,035 | +156% |
| Financial charges | 65/66B | €3,015 | €2,503 | -€512 | -17.0% |
| Recurring financial charges | 65 | €3,015 | €2,503 | -€512 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €31,543 | €86,091 | +€54,547 | +173% |
| Income taxes | 67/77 | €8,800 | €21,855 | +€13,055 | +148% |
| Profit (loss) for the period | 9904 | €22,743 | €64,236 | +€41,493 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €22,743 | €64,236 | +€41,493 | +182% |
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 15 October 2026 via checked.be.