ASSUR - PROJECTS: 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 - PROJECTS
Largest movements
- Deferred charges and accrued income -€151,524
down €151,524 (-36.0%), from €420,387 to €268,863
- Receivables within one year -€30,717
down €30,717 (-72.3%), from €42,467 to €11,750
of which Trade receivables: -€27,250
- Intangible fixed assets +€20,099
up €20,099 (+844%), from €2,380 to €22,479
- Reserves -€139,228
down €139,228 (-55.4%), from €251,187 to €111,960
- Other debts -€22,560
down €22,560 (-10.8%), from €208,688 to €186,128
- Debts after one year -€12,508
down €12,508 (-6.2%), from €203,312 to €190,804
- Trade debts +€8,223
up €8,223 (+13.1%), from €62,961 to €71,185
- Staff costs +€71,721
up €71,721 (+38.0%), from €188,685 to €260,406
- Gross operating margin +€70,936
up €70,936 (+89.8%), from €78,997 to €149,932
- Depreciation +€5,090
up €5,090 (+39.4%), from €12,933 to €18,023
- Financial charges +€1,729
up €1,729 (+26.2%), from €6,590 to €8,319
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 | €807,225 | €643,923 | -€163,302 | -20.2% |
| Fixed assets | 21/28 | €290,371 | €308,191 | +€17,820 | +6.1% |
| Intangible fixed assets | 21 | €2,380 | €22,479 | +€20,099 | +844% |
| Tangible fixed assets | 22/27 | €287,891 | €285,611 | -€2,279 | -0.8% |
| Land and buildings | 22 | €283,164 | €276,776 | -€6,388 | -2.3% |
| Plant, machinery and equipment | 23 | - | €6,028 | +€6,028 | |
| Furniture and vehicles | 24 | €4,727 | €2,807 | -€1,920 | -40.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €516,854 | €335,732 | -€181,122 | -35.0% |
| Amounts receivable within one year | 40/41 | €42,467 | €11,750 | -€30,717 | -72.3% |
| Trade receivables | 40 | €39,000 | €11,750 | -€27,250 | -69.9% |
| Other amounts receivable | 41 | €3,467 | €0 | -€3,467 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €54,000 | €55,119 | +€1,119 | +2.1% |
| Deferred charges and accrued income | 490/1 | €420,387 | €268,863 | -€151,524 | -36.0% |
| Total equity and liabilities | 10/49 | €807,225 | €643,923 | -€163,302 | -20.2% |
| Equity | 10/15 | €257,393 | €118,165 | -€139,228 | -54.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €251,187 | €111,960 | -€139,228 | -55.4% |
| Distributable reserves | 133 | €251,187 | €111,960 | -€139,228 | -55.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €549,832 | €525,758 | -€24,075 | -4.4% |
| Amounts payable after more than one year | 17 | €203,312 | €190,804 | -€12,508 | -6.2% |
| Financial debts | 170/4 | €203,312 | €190,804 | -€12,508 | -6.2% |
| Amounts payable within one year | 42/48 | €346,520 | €334,954 | -€11,566 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €27,280 | €29,208 | +€1,928 | +7.1% |
| Trade debts | 44 | €62,961 | €71,185 | +€8,223 | +13.1% |
| Suppliers | 440/4 | €62,961 | €71,185 | +€8,223 | +13.1% |
| Taxes, remuneration and social security | 45 | €47,590 | €48,432 | +€843 | +1.8% |
| Taxes | 450/3 | €18,591 | €11,090 | -€7,500 | -40.3% |
| Remuneration and social security | 454/9 | €28,999 | €37,342 | +€8,343 | +28.8% |
| Other amounts payable | 47/48 | €208,688 | €186,128 | -€22,560 | -10.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €188,685 | €260,406 | +€71,721 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,933 | €18,023 | +€5,090 | +39.4% |
| Other operating charges | 640/8 | €2,281 | €1,883 | -€398 | -17.4% |
| Non-recurring operating charges | 66A | €1,444 | €0 | -€1,444 | -100% |
| Gross operating margin | 9900 | €78,997 | €149,932 | +€70,936 | +89.8% |
| Operating profit (loss) | 9901 | -€126,346 | -€130,380 | -€4,034 | -3.2% |
| Financial income | 75/76B | €230 | €0 | -€230 | -100% |
| Recurring financial income | 75 | €230 | €0 | -€230 | -100% |
| Financial charges | 65/66B | €6,590 | €8,319 | +€1,729 | +26.2% |
| Recurring financial charges | 65 | €6,590 | €8,319 | +€1,729 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€132,706 | -€138,699 | -€5,993 | -4.5% |
| Income taxes | 67/77 | €266 | €528 | +€262 | +98.7% |
| Profit (loss) for the period | 9904 | -€132,972 | -€139,228 | -€6,256 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,972 | -€139,228 | -€6,256 | -4.7% |
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.