ASSURANCE CREDIT SERVICES: what changed
What changed
ASSURANCE CREDIT SERVICES
filed annual accounts (NBB)
Net result for the year
€37,299
2023 · €15,660+€21,639
Equity
€494,947
2023 · €506,449-€11,501
Cash
€14,183
2023 · €17,741-€3,558
Balance sheet total
€1.1m
2023 · €1.2m-€89,318
Largest movements
Assets
- Receivables within one year -€37,848
down €37,848 (-57.4%), from €65,939 to €28,091
of which Other amounts receivable: -€32,480
- Tangible fixed assets -€30,076
down €30,076 (-3.0%), from €997,351 to €967,275
of which Land and buildings: -€17,957
- Receivables after one year -€20,000
down €20,000 (-15.7%), from €127,575 to €107,575
Equity and liabilities
- Debts after one year -€33,155
down €33,155 (-9.8%), from €338,872 to €305,717
- Trade debts -€16,971
down €16,971 (-30.1%), from €56,407 to €39,436
- Short-term financial debts -€13,010
down €13,010 (-17.6%), from €73,964 to €60,954
Income statement
- Gross operating margin +€23,901
up €23,901 (+20.8%), from €114,674 to €138,575
- Taxes +€18,700
up €18,700 (+109%), from €17,213 to €35,913
- Depreciation -€10,713
down €10,713 (-19.3%), from €55,375 to €44,662
- Staff costs -€4,515
no longer reported in 2024 (was €4,515)
- Financial charges -€1,630
down €1,630 (-9.6%), from €16,978 to €15,348
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€15,660
Gross operating margin
+€23,901
Staff costs
+€4,515
Depreciation
+€10,713
Other operating charges
+€135
Other operating items
-€507
Financial income
-€48
Financial charges
+€1,630
Taxes
-€18,700
Result 2024
€37,299
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€118,039
Investment
-€14,586
Financing
-€107,011
Cash 2023
€17,741
From operations (derived)
+€118,039
Net result for the year
+€37,299
Depreciation
+€44,662
Receivables after one year
+€20,000
Receivables within one year
+€37,848
Deferred charges and accrued income
-€2,164
Provisions
-€3,856
Trade debts
-€16,971
Tax, wage and social debts
+€11,635
Other debts
-€6,814
Accrued charges and deferred income
-€3,600
Investment (derived)
-€14,586
Investment in fixed assets (net)
-€14,586
Financing
-€107,011
Debts after one year
-€33,155
Current portion of long-term debt
-€12,046
Short-term financial debts
-€13,010
Contributions, distributions and other
-€48,800
Cash 2024
€14,183
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,330 | €1,131,013 | -€89,318 | -7.3% |
| Fixed assets | 21/28 | €1,007,901 | €977,825 | -€30,076 | -3.0% |
| Tangible fixed assets | 22/27 | €997,351 | €967,275 | -€30,076 | -3.0% |
| Land and buildings | 22 | €960,948 | €942,991 | -€17,957 | -1.9% |
| Furniture and vehicles | 24 | €36,403 | €24,284 | -€12,119 | -33.3% |
| Financial fixed assets | 28 | €10,550 | €10,550 | = | 0.0% |
| Current assets | 29/58 | €212,429 | €153,188 | -€59,241 | -27.9% |
| Amounts receivable after more than one year | 29 | €127,575 | €107,575 | -€20,000 | -15.7% |
| Other amounts receivable | 291 | €127,575 | €107,575 | -€20,000 | -15.7% |
| Amounts receivable within one year | 40/41 | €65,939 | €28,091 | -€37,848 | -57.4% |
| Trade receivables | 40 | €9,932 | €4,564 | -€5,368 | -54.0% |
| Other amounts receivable | 41 | €56,007 | €23,527 | -€32,480 | -58.0% |
| Cash at bank and in hand | 54/58 | €17,741 | €14,183 | -€3,558 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,174 | €3,339 | +€2,164 | +184% |
| Total equity and liabilities | 10/49 | €1,220,330 | €1,131,013 | -€89,318 | -7.3% |
| Equity | 10/15 | €506,449 | €494,947 | -€11,501 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €42,443 | €40,598 | -€1,845 | -4.3% |
| Reserves | 13 | €367,656 | €357,933 | -€9,724 | -2.6% |
| Tax-exempt reserves | 132 | €347,345 | €335,777 | -€11,569 | -3.3% |
| Distributable reserves | 133 | €20,311 | €22,156 | +€1,845 | +9.1% |
| Profit (loss) carried forward | 14 | €77,750 | €77,817 | +€67 | +0.1% |
| Provisions and deferred taxes | 16 | €113,454 | €109,598 | -€3,856 | -3.4% |
| Deferred taxes | 168 | €113,454 | €109,598 | -€3,856 | -3.4% |
| Amounts payable | 17/49 | €600,428 | €526,468 | -€73,960 | -12.3% |
| Amounts payable after more than one year | 17 | €338,872 | €305,717 | -€33,155 | -9.8% |
| Financial debts | 170/4 | €338,872 | €305,717 | -€33,155 | -9.8% |
| Amounts payable within one year | 42/48 | €257,457 | €220,251 | -€37,206 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €46,181 | €34,135 | -€12,046 | -26.1% |
| Financial debts | 43 | €73,964 | €60,954 | -€13,010 | -17.6% |
| Credit institutions | 430/8 | €73,964 | €60,954 | -€13,010 | -17.6% |
| Trade debts | 44 | €56,407 | €39,436 | -€16,971 | -30.1% |
| Suppliers | 440/4 | €56,407 | €39,436 | -€16,971 | -30.1% |
| Taxes, remuneration and social security | 45 | €60,905 | €72,540 | +€11,635 | +19.1% |
| Taxes | 450/3 | €60,905 | €72,540 | +€11,635 | +19.1% |
| Other amounts payable | 47/48 | €20,000 | €13,186 | -€6,814 | -34.1% |
| Accrued charges and deferred income | 492/3 | €4,099 | €500 | -€3,600 | -87.8% |
| Remuneration, social security and pensions | 62 | €4,515 | - | -€4,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,375 | €44,662 | -€10,713 | -19.3% |
| Other operating charges | 640/8 | €8,837 | €8,702 | -€135 | -1.5% |
| Non-recurring operating charges | 66A | - | €507 | +€507 | |
| Gross operating margin | 9900 | €114,674 | €138,575 | +€23,901 | +20.8% |
| Operating profit (loss) | 9901 | €45,947 | €84,704 | +€38,757 | +84.4% |
| Financial income | 75/76B | €48 | €0 | -€48 | -100% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -100% |
| Financial charges | 65/66B | €16,978 | €15,348 | -€1,630 | -9.6% |
| Recurring financial charges | 65 | €16,978 | €15,348 | -€1,630 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €29,017 | €69,356 | +€40,339 | +139% |
| Transfer from deferred taxes | 780 | €3,856 | €3,856 | = | 0.0% |
| Income taxes | 67/77 | €17,213 | €35,913 | +€18,700 | +109% |
| Profit (loss) for the period | 9904 | €15,660 | €37,299 | +€21,639 | +138% |
| Transfer from tax-exempt reserves | 789 | €11,569 | €11,569 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,228 | €48,867 | +€21,639 | +79.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.