assuRAES: 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.
assuRAES
Largest movements
- Current investments -€421,829
down €421,829 (-48.2%), from €875,000 to €453,171
- Cash +€267,117
up €267,117 (+823%), from €32,460 to €299,577
mainly Current investments (+€421,829) and Depreciation (+€23,470)
- Receivables within one year +€112,316
up €112,316 (+471%), from €23,829 to €136,145
of which Other amounts receivable: +€130,081
- Tangible fixed assets -€23,470
down €23,470 (-21.3%), from €110,342 to €86,872
- Current portion of long-term debt -€19,224
down €19,224 (-62.2%), from €30,888 to €11,665
- Profit (loss) carried forward -€17,826
down €17,826, from €0 to -€17,826
- Gross operating margin -€928,925
down €928,925, from €924,181 to -€4,744
- Taxes -€295,746
down €295,746 (-99.9%), from €295,947 to €201
- Financial income +€13,475
up €13,475 (+1,368%), from €985 to €14,460
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 | €1,400,304 | €1,334,066 | -€66,238 | -4.7% |
| Fixed assets | 21/28 | €465,997 | €442,527 | -€23,470 | -5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €110,342 | €86,872 | -€23,470 | -21.3% |
| Land and buildings | 22 | €62,523 | €51,084 | -€11,439 | -18.3% |
| Plant, machinery and equipment | 23 | €1,899 | €1,543 | -€356 | -18.7% |
| Furniture and vehicles | 24 | €45,920 | €34,245 | -€11,675 | -25.4% |
| Financial fixed assets | 28 | €355,655 | €355,655 | = | 0.0% |
| Current assets | 29/58 | €934,307 | €891,539 | -€42,769 | -4.6% |
| Amounts receivable within one year | 40/41 | €23,829 | €136,145 | +€112,316 | +471% |
| Trade receivables | 40 | €17,765 | €0 | -€17,765 | -100% |
| Other amounts receivable | 41 | €6,065 | €136,145 | +€130,081 | +2,145% |
| Current investments | 50/53 | €875,000 | €453,171 | -€421,829 | -48.2% |
| Cash at bank and in hand | 54/58 | €32,460 | €299,577 | +€267,117 | +823% |
| Deferred charges and accrued income | 490/1 | €3,018 | €2,645 | -€373 | -12.3% |
| Total equity and liabilities | 10/49 | €1,400,304 | €1,334,066 | -€66,238 | -4.7% |
| Equity | 10/15 | €1,027,001 | €1,009,174 | -€17,826 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,020,801 | €1,020,801 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,013,301 | €1,013,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€17,826 | -€17,826 | |
| Amounts payable | 17/49 | €373,304 | €324,892 | -€48,412 | -13.0% |
| Amounts payable after more than one year | 17 | €49,988 | €37,369 | -€12,620 | -25.2% |
| Financial debts | 170/4 | €49,988 | €37,369 | -€12,620 | -25.2% |
| Amounts payable within one year | 42/48 | €319,085 | €287,523 | -€31,562 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €30,888 | €11,665 | -€19,224 | -62.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,843 | €2,207 | -€1,636 | -42.6% |
| Suppliers | 440/4 | €3,843 | €2,207 | -€1,636 | -42.6% |
| Taxes, remuneration and social security | 45 | €274,523 | €273,651 | -€872 | -0.3% |
| Taxes | 450/3 | €274,523 | €273,651 | -€872 | -0.3% |
| Other amounts payable | 47/48 | €9,830 | €0 | -€9,830 | -100% |
| Accrued charges and deferred income | 492/3 | €4,230 | €0 | -€4,230 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,635 | €23,470 | -€165 | -0.7% |
| Other operating charges | 640/8 | €1,553 | €1,155 | -€397 | -25.6% |
| Gross operating margin | 9900 | €924,181 | -€4,744 | -€928,925 | |
| Operating profit (loss) | 9901 | €898,993 | -€29,369 | -€928,362 | |
| Financial income | 75/76B | €985 | €14,460 | +€13,475 | +1,368% |
| Recurring financial income | 75 | €985 | €14,460 | +€13,475 | +1,368% |
| Financial charges | 65/66B | €7,006 | €2,717 | -€4,289 | -61.2% |
| Recurring financial charges | 65 | €7,006 | €2,717 | -€4,289 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €892,972 | -€17,625 | -€910,598 | |
| Income taxes | 67/77 | €295,947 | €201 | -€295,746 | -99.9% |
| Profit (loss) for the period | 9904 | €597,025 | -€17,826 | -€614,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €597,025 | -€17,826 | -€614,852 |
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 22 October 2026 via checked.be.