ASSUR MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€230,141
up €230,141 (+85.4%), from €269,575 to €499,716
of which Other amounts receivable: +€214,179
- Tangible fixed assets -€66,975
no longer reported in 2025 (was €66,975)
- Intangible fixed assets -€66,586
down €66,586 (-5.1%), from €1.3m to €1.2m
- Other debts +€74,215
up €74,215 (+4.5%), from €1.6m to €1.7m
- Trade debts +€27,668
up €27,668 (+2,742%), from €1,009 to €28,677
- Current portion of long-term debt +€17,855
up €17,855 (+123%), from €14,567 to €32,422
- Gross operating margin -€58,408
down €58,408 (-26.7%), from €218,406 to €159,998
- Depreciation -€18,450
down €18,450 (-9.9%), from €187,036 to €168,586
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 | €1,684,972 | €1,775,363 | +€90,391 | +5.4% |
| Fixed assets | 21/28 | €1,376,000 | €1,242,439 | -€133,561 | -9.7% |
| Intangible fixed assets | 21 | €1,309,025 | €1,242,439 | -€66,586 | -5.1% |
| Tangible fixed assets | 22/27 | €66,975 | - | -€66,975 | |
| Furniture and vehicles | 24 | €66,975 | - | -€66,975 | |
| Current assets | 29/58 | €308,972 | €532,924 | +€223,952 | +72.5% |
| Amounts receivable within one year | 40/41 | €269,575 | €499,716 | +€230,141 | +85.4% |
| Trade receivables | 40 | - | €15,962 | +€15,962 | |
| Other amounts receivable | 41 | €269,575 | €483,754 | +€214,179 | +79.5% |
| Cash at bank and in hand | 54/58 | €17,365 | €14,991 | -€2,374 | -13.7% |
| Deferred charges and accrued income | 490/1 | €22,032 | €18,217 | -€3,815 | -17.3% |
| Total equity and liabilities | 10/49 | €1,684,972 | €1,775,363 | +€90,391 | +5.4% |
| Equity | 10/15 | -€17,418 | -€32,198 | -€14,780 | -84.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€25,478 | -€40,258 | -€14,780 | -58.0% |
| Amounts payable | 17/49 | €1,702,391 | €1,807,561 | +€105,170 | +6.2% |
| Amounts payable after more than one year | 17 | €40,922 | €26,355 | -€14,567 | -35.6% |
| Financial debts | 170/4 | €40,922 | €26,355 | -€14,567 | -35.6% |
| Amounts payable within one year | 42/48 | €1,661,468 | €1,781,206 | +€119,738 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €14,567 | €32,422 | +€17,855 | +123% |
| Trade debts | 44 | €1,009 | €28,677 | +€27,668 | +2,742% |
| Suppliers | 440/4 | €1,009 | €28,677 | +€27,668 | +2,742% |
| Other amounts payable | 47/48 | €1,645,892 | €1,720,107 | +€74,215 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,036 | €168,586 | -€18,450 | -9.9% |
| Other operating charges | 640/8 | €1,448 | €1,620 | +€172 | +11.9% |
| Gross operating margin | 9900 | €218,406 | €159,998 | -€58,408 | -26.7% |
| Operating profit (loss) | 9901 | €29,923 | -€10,208 | -€40,131 | |
| Financial charges | 65/66B | €3,710 | €4,572 | +€862 | +23.2% |
| Recurring financial charges | 65 | €3,579 | €4,572 | +€993 | +27.7% |
| Non-recurring financial charges | 66B | €131 | - | -€131 | |
| Profit (loss) for the period before taxes | 9903 | €26,213 | -€14,780 | -€40,993 | |
| Profit (loss) for the period | 9904 | €26,213 | -€14,780 | -€40,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,213 | -€14,780 | -€40,993 |
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 17 October 2026 via checked.be.