ASSURANCES BOURGOIS: what changed
Two fiscal 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 BOURGOIS
Largest movements
- Tangible fixed assets +€46,464
up €46,464 (+54337.0%), from €86 to €46,549
of which Leasing and similar rights: +€46,549
- Intangible fixed assets -€33,582
down €33,582 (-25.1%), from €133,887 to €100,306
- Receivables within one year -€4,722
down €4,722 (-9.0%), from €52,559 to €47,837
of which Other amounts receivable: -€4,635
- Cash +€3,669
up €3,669 (+121.4%), from €3,023 to €6,691
mainly Other debts (+€45,962) and Depreciation (+€38,018)
- Other debts +€45,962
up €45,962 (+656.6%), from €7,000 to €52,962
- Reserves -€42,633
down €42,633 (-48.6%), from €87,654 to €45,022
of which Distributable reserves: -€42,633
- Debts after one year -€10,931
down €10,931 (-30.4%), from €36,000 to €25,069
- Current portion of long-term debt +€9,581
up €9,581 (+20.0%), from €48,000 to €57,581
- Trade debts +€6,520
up €6,520 (+1307.2%), from €499 to €7,019
- Gross operating margin +€9,225
up €9,225 (+17.8%), from €51,721 to €60,946
- Depreciation +€4,351
up €4,351 (+12.9%), from €33,667 to €38,018
- Taxes +€1,166
up €1,166 (+25.3%), from €4,617 to €5,783
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.
Cash bridge derived
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 | €189,956 | €202,921 | +€12,965 | +6.8% |
| Fixed assets | 21/28 | €133,973 | €146,855 | +€12,882 | +9.6% |
| Intangible fixed assets | 21 | €133,887 | €100,306 | -€33,582 | -25.1% |
| Tangible fixed assets | 22/27 | €86 | €46,549 | +€46,464 | +54337.0% |
| Plant, machinery and equipment | 23 | €86 | €0 | -€86 | -100.0% |
| Leasing and similar rights | 25 | - | €46,549 | +€46,549 | |
| Current assets | 29/58 | €55,983 | €56,066 | +€83 | +0.1% |
| Amounts receivable within one year | 40/41 | €52,559 | €47,837 | -€4,722 | -9.0% |
| Trade receivables | 40 | €87 | €0 | -€87 | -100.0% |
| Other amounts receivable | 41 | €52,472 | €47,837 | -€4,635 | -8.8% |
| Cash at bank and in hand | 54/58 | €3,023 | €6,691 | +€3,669 | +121.4% |
| Deferred charges and accrued income | 490/1 | €401 | €1,537 | +€1,136 | +283.5% |
| Total equity and liabilities | 10/49 | €189,956 | €202,921 | +€12,965 | +6.8% |
| Equity | 10/15 | €93,852 | €51,219 | -€42,633 | -45.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €87,654 | €45,022 | -€42,633 | -48.6% |
| Non-distributable reserves | 130/1 | €1,018 | €1,018 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,018 | €1,018 | = | 0.0% |
| Distributable reserves | 133 | €86,636 | €44,003 | -€42,633 | -49.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €96,104 | €151,702 | +€55,598 | +57.9% |
| Amounts payable after more than one year | 17 | €36,000 | €25,069 | -€10,931 | -30.4% |
| Financial debts | 170/4 | €36,000 | €25,069 | -€10,931 | -30.4% |
| Amounts payable within one year | 42/48 | €60,104 | €126,632 | +€66,528 | +110.7% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €57,581 | +€9,581 | +20.0% |
| Trade debts | 44 | €499 | €7,019 | +€6,520 | +1307.2% |
| Suppliers | 440/4 | €499 | €7,019 | +€6,520 | +1307.2% |
| Taxes, remuneration and social security | 45 | €4,605 | €9,071 | +€4,465 | +97.0% |
| Taxes | 450/3 | €4,605 | €9,071 | +€4,465 | +97.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,000 | €52,962 | +€45,962 | +656.6% |
| Remuneration, social security and pensions | 62 | €96 | €45 | -€52 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,667 | €38,018 | +€4,351 | +12.9% |
| Other operating charges | 640/8 | €2,742 | €2,280 | -€462 | -16.8% |
| Gross operating margin | 9900 | €51,721 | €60,946 | +€9,225 | +17.8% |
| Operating profit (loss) | 9901 | €15,215 | €20,603 | +€5,387 | +35.4% |
| Financial charges | 65/66B | €798 | €808 | +€10 | +1.3% |
| Recurring financial charges | 65 | €798 | €808 | +€10 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €14,417 | €19,794 | +€5,377 | +37.3% |
| Income taxes | 67/77 | €4,617 | €5,783 | +€1,166 | +25.3% |
| Profit (loss) for the period | 9904 | €9,800 | €14,011 | +€4,211 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,800 | €14,011 | +€4,211 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.