ASSURAL: 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.
ASSURAL
Largest movements
- Cash -€112,034
down €112,034 (-54.3%), from €206,382 to €94,347
mainly Trade debts (-€69,007) and Receivables within one year (-€57,202)
- Receivables within one year +€57,202
up €57,202 (+82.1%), from €69,668 to €126,870
of which Trade receivables: +€55,796
- Tangible fixed assets -€38,742
down €38,742 (-31.6%), from €122,786 to €84,044
of which Furniture and vehicles: -€37,000
- Trade debts -€69,007
no longer reported in 2025 (was €69,007)
- Debts after one year -€18,095
down €18,095 (-33.9%), from €53,319 to €35,224
- Reserves -€8,953
down €8,953 (-4.6%), from €193,645 to €184,692
of which Distributable reserves: -€8,953
- Other debts +€5,898
new in 2025: €5,898
- Current portion of long-term debt -€4,344
down €4,344 (-19.4%), from €22,439 to €18,095
- Gross operating margin +€12,412
up €12,412 (+4.7%), from €261,818 to €274,230
- Staff costs -€3,884
down €3,884 (-2.2%), from €175,461 to €171,577
- Taxes +€3,422
up €3,422 (+23.2%), from €14,757 to €18,180
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 | €405,791 | €312,713 | -€93,078 | -22.9% |
| Fixed assets | 21/28 | €122,786 | €84,044 | -€38,742 | -31.6% |
| Tangible fixed assets | 22/27 | €122,786 | €84,044 | -€38,742 | -31.6% |
| Plant, machinery and equipment | 23 | €7,953 | €6,210 | -€1,742 | -21.9% |
| Furniture and vehicles | 24 | €114,833 | €77,833 | -€37,000 | -32.2% |
| Current assets | 29/58 | €283,005 | €228,669 | -€54,336 | -19.2% |
| Amounts receivable within one year | 40/41 | €69,668 | €126,870 | +€57,202 | +82.1% |
| Trade receivables | 40 | €53,946 | €109,743 | +€55,796 | +103% |
| Other amounts receivable | 41 | €15,722 | €17,127 | +€1,406 | +8.9% |
| Cash at bank and in hand | 54/58 | €206,382 | €94,347 | -€112,034 | -54.3% |
| Deferred charges and accrued income | 490/1 | €6,955 | €7,452 | +€497 | +7.1% |
| Total equity and liabilities | 10/49 | €405,791 | €312,713 | -€93,078 | -22.9% |
| Equity | 10/15 | €256,269 | €247,316 | -€8,953 | -3.5% |
| Contributions | 10/11 | €62,624 | €62,624 | = | 0.0% |
| Capital | 10 | €62,624 | €62,624 | = | 0.0% |
| Issued capital | 100 | €62,624 | €62,624 | = | 0.0% |
| Reserves | 13 | €193,645 | €184,692 | -€8,953 | -4.6% |
| Non-distributable reserves | 130/1 | €6,262 | €6,262 | = | 0.0% |
| Legal reserve | 130 | €6,262 | €6,262 | = | 0.0% |
| Distributable reserves | 133 | €187,383 | €178,429 | -€8,953 | -4.8% |
| Amounts payable | 17/49 | €149,521 | €65,397 | -€84,125 | -56.3% |
| Amounts payable after more than one year | 17 | €53,319 | €35,224 | -€18,095 | -33.9% |
| Financial debts | 170/4 | €53,319 | €35,224 | -€18,095 | -33.9% |
| Amounts payable within one year | 42/48 | €96,203 | €30,173 | -€66,030 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €22,439 | €18,095 | -€4,344 | -19.4% |
| Trade debts | 44 | €69,007 | - | -€69,007 | |
| Suppliers | 440/4 | €69,007 | - | -€69,007 | |
| Taxes, remuneration and social security | 45 | €4,757 | €6,180 | +€1,422 | +29.9% |
| Taxes | 450/3 | €4,757 | €6,180 | +€1,422 | +29.9% |
| Other amounts payable | 47/48 | - | €5,898 | +€5,898 | |
| Remuneration, social security and pensions | 62 | €175,461 | €171,577 | -€3,884 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,759 | €38,742 | +€983 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,117 | €7,581 | +€2,464 | +48.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €261,818 | €274,230 | +€12,412 | +4.7% |
| Operating profit (loss) | 9901 | €42,968 | €55,802 | +€12,835 | +29.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €13,845 | €14,056 | +€211 | +1.5% |
| Recurring financial charges | 65 | €13,845 | €14,056 | +€211 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €29,123 | €41,751 | +€12,628 | +43.4% |
| Income taxes | 67/77 | €14,757 | €18,180 | +€3,422 | +23.2% |
| Profit (loss) for the period | 9904 | €14,365 | €23,571 | +€9,206 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,365 | €23,571 | +€9,206 | +64.1% |
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 16 October 2026 via checked.be.