ASSURANCES BODY: 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.
ASSURANCES BODY
Largest movements
- Cash +€77,169
up €77,169 (+42.7%), from €180,666 to €257,835
mainly Net result for the year (+€107,952) and Tax, wage and social debts (+€12,245)
- Receivables within one year +€24,315
up €24,315 (+6.3%), from €386,044 to €410,359
of which Other amounts receivable: +€20,273
- Reserves +€100,000
up €100,000 (+37.3%), from €268,340 to €368,340
- Other debts -€16,802
down €16,802 (-60.1%), from €27,953 to €11,151
- Tax, wage and social debts +€12,245
up €12,245 (+24.5%), from €49,943 to €62,188
of which Taxes: +€16,964
- Current portion of long-term debt +€10,116
up €10,116 (+41.2%), from €24,575 to €34,691
- Profit (loss) carried forward +€7,952
up €7,952 (+4.0%), from €200,878 to €208,831
- Gross operating margin +€33,164
up €33,164 (+10.5%), from €315,369 to €348,533
- Other operating charges -€17,000
down €17,000 (-91.4%), from €18,609 to €1,610
- Provisions +€15,000
no longer reported in 2025 (was -€15,000)
- Taxes +€10,316
up €10,316 (+24.3%), from €42,399 to €52,715
- Staff costs +€4,282
up €4,282 (+2.4%), from €176,277 to €180,558
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 | €658,286 | €759,398 | +€101,112 | +15.4% |
| Fixed assets | 21/28 | €66,702 | €66,178 | -€524 | -0.8% |
| Tangible fixed assets | 22/27 | €66,702 | €66,178 | -€524 | -0.8% |
| Land and buildings | 22 | €53,676 | €51,343 | -€2,333 | -4.3% |
| Plant, machinery and equipment | 23 | €10,215 | €8,694 | -€1,522 | -14.9% |
| Furniture and vehicles | 24 | €2,811 | €6,141 | +€3,331 | +119% |
| Current assets | 29/58 | €591,583 | €693,220 | +€101,637 | +17.2% |
| Amounts receivable within one year | 40/41 | €386,044 | €410,359 | +€24,315 | +6.3% |
| Trade receivables | 40 | €37,230 | €41,272 | +€4,042 | +10.9% |
| Other amounts receivable | 41 | €348,813 | €369,086 | +€20,273 | +5.8% |
| Current investments | 50/53 | €22,580 | €22,580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,666 | €257,835 | +€77,169 | +42.7% |
| Deferred charges and accrued income | 490/1 | €2,294 | €2,447 | +€153 | +6.7% |
| Total equity and liabilities | 10/49 | €658,286 | €759,398 | +€101,112 | +15.4% |
| Equity | 10/15 | €494,218 | €602,171 | +€107,952 | +21.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €268,340 | €368,340 | +€100,000 | +37.3% |
| Distributable reserves | 133 | €268,340 | €368,340 | +€100,000 | +37.3% |
| Profit (loss) carried forward | 14 | €200,878 | €208,831 | +€7,952 | +4.0% |
| Amounts payable | 17/49 | €164,067 | €157,227 | -€6,840 | -4.2% |
| Amounts payable after more than one year | 17 | €38,741 | €34,062 | -€4,680 | -12.1% |
| Financial debts | 170/4 | €38,741 | €34,062 | -€4,680 | -12.1% |
| Amounts payable within one year | 42/48 | €125,326 | €123,166 | -€2,160 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €24,575 | €34,691 | +€10,116 | +41.2% |
| Trade debts | 44 | €22,855 | €15,136 | -€7,720 | -33.8% |
| Suppliers | 440/4 | €22,855 | €15,136 | -€7,720 | -33.8% |
| Taxes, remuneration and social security | 45 | €49,943 | €62,188 | +€12,245 | +24.5% |
| Taxes | 450/3 | €23,365 | €40,329 | +€16,964 | +72.6% |
| Remuneration and social security | 454/9 | €26,578 | €21,859 | -€4,719 | -17.8% |
| Other amounts payable | 47/48 | €27,953 | €11,151 | -€16,802 | -60.1% |
| Remuneration, social security and pensions | 62 | €176,277 | €180,558 | +€4,282 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,752 | €5,593 | +€841 | +17.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,000 | - | +€15,000 | |
| Other operating charges | 640/8 | €18,609 | €1,610 | -€17,000 | -91.4% |
| Gross operating margin | 9900 | €315,369 | €348,533 | +€33,164 | +10.5% |
| Operating profit (loss) | 9901 | €130,731 | €160,772 | +€30,041 | +23.0% |
| Financial income | 75/76B | €1,204 | €1,985 | +€781 | +64.9% |
| Recurring financial income | 75 | €1,204 | €1,985 | +€781 | +64.9% |
| Financial charges | 65/66B | €2,055 | €2,090 | +€35 | +1.7% |
| Recurring financial charges | 65 | €2,055 | €2,090 | +€35 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €129,880 | €160,668 | +€30,788 | +23.7% |
| Income taxes | 67/77 | €42,399 | €52,715 | +€10,316 | +24.3% |
| Profit (loss) for the period | 9904 | €87,481 | €107,952 | +€20,472 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,481 | €107,952 | +€20,472 | +23.4% |
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.