ASSURANCES CARTON: 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 CARTON
Largest movements
- Cash +€749,878
up €749,878 (+202%), from €371,888 to €1.1m
mainly Net result for the year (+€614,301) and Current investments (+€400,000)
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Receivables within one year +€157,293
up €157,293 (+68.5%), from €229,624 to €386,917
of which Trade receivables: +€112,788
- Tangible fixed assets -€79,843
down €79,843 (-22.3%), from €358,464 to €278,621
of which Furniture and vehicles: -€50,381
- Reserves +€414,301
up €414,301 (+13.3%), from €3.1m to €3.5m
of which Distributable reserves: +€414,301
- Tax, wage and social debts +€84,275
up €84,275 (+89.7%), from €93,941 to €178,216
of which Taxes: +€90,046
- Debts after one year -€63,574
down €63,574 (-56.0%), from €113,501 to €49,926
- Financial income +€100,580
up €100,580 (+495,223%), from €20 to €100,600
- Staff costs -€52,495
down €52,495 (-21.1%), from €248,206 to €195,711
- Taxes +€48,364
up €48,364 (+18.8%), from €256,915 to €305,278
- Gross operating margin +€43,238
up €43,238 (+4.1%), from €1.1m to €1.1m
- Depreciation +€16,344
up €16,344 (+25.7%), from €63,500 to €79,843
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 | €3,426,526 | €3,852,734 | +€426,208 | +12.4% |
| Fixed assets | 21/28 | €2,420,677 | €2,340,834 | -€79,843 | -3.3% |
| Intangible fixed assets | 21 | €2,062,164 | €2,062,164 | = | 0.0% |
| Tangible fixed assets | 22/27 | €358,464 | €278,621 | -€79,843 | -22.3% |
| Land and buildings | 22 | €152,853 | €126,114 | -€26,738 | -17.5% |
| Plant, machinery and equipment | 23 | €19,829 | €17,105 | -€2,724 | -13.7% |
| Furniture and vehicles | 24 | €185,782 | €135,401 | -€50,381 | -27.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,005,849 | €1,511,900 | +€506,051 | +50.3% |
| Amounts receivable within one year | 40/41 | €229,624 | €386,917 | +€157,293 | +68.5% |
| Trade receivables | 40 | €19,862 | €132,650 | +€112,788 | +568% |
| Other amounts receivable | 41 | €209,762 | €254,266 | +€44,505 | +21.2% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €371,888 | €1,121,766 | +€749,878 | +202% |
| Deferred charges and accrued income | 490/1 | €4,336 | €3,217 | -€1,119 | -25.8% |
| Total equity and liabilities | 10/49 | €3,426,526 | €3,852,734 | +€426,208 | +12.4% |
| Equity | 10/15 | €3,138,509 | €3,552,810 | +€414,301 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,119,909 | €3,534,210 | +€414,301 | +13.3% |
| Tax-exempt reserves | 132 | €19,291 | €19,291 | = | 0.0% |
| Distributable reserves | 133 | €3,100,618 | €3,514,919 | +€414,301 | +13.4% |
| Amounts payable | 17/49 | €288,017 | €299,924 | +€11,907 | +4.1% |
| Amounts payable after more than one year | 17 | €113,501 | €49,926 | -€63,574 | -56.0% |
| Financial debts | 170/4 | €113,501 | €49,926 | -€63,574 | -56.0% |
| Amounts payable within one year | 42/48 | €174,516 | €249,998 | +€75,482 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €65,922 | €63,574 | -€2,348 | -3.6% |
| Trade debts | 44 | €14,653 | €8,207 | -€6,446 | -44.0% |
| Suppliers | 440/4 | €14,653 | €8,207 | -€6,446 | -44.0% |
| Taxes, remuneration and social security | 45 | €93,941 | €178,216 | +€84,275 | +89.7% |
| Taxes | 450/3 | €58,686 | €148,732 | +€90,046 | +153% |
| Remuneration and social security | 454/9 | €35,255 | €29,484 | -€5,771 | -16.4% |
| Remuneration, social security and pensions | 62 | €248,206 | €195,711 | -€52,495 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,500 | €79,843 | +€16,344 | +25.7% |
| Other operating charges | 640/8 | €10,008 | €7,745 | -€2,263 | -22.6% |
| Gross operating margin | 9900 | €1,066,366 | €1,109,604 | +€43,238 | +4.1% |
| Operating profit (loss) | 9901 | €744,651 | €826,304 | +€81,653 | +11.0% |
| Financial income | 75/76B | €20 | €100,600 | +€100,580 | +495,223% |
| Recurring financial income | 75 | €20 | €100,600 | +€100,580 | +495,223% |
| Financial charges | 65/66B | €7,357 | €7,325 | -€31 | -0.4% |
| Recurring financial charges | 65 | €7,357 | €7,325 | -€31 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €737,315 | €919,579 | +€182,264 | +24.7% |
| Income taxes | 67/77 | €256,915 | €305,278 | +€48,364 | +18.8% |
| Profit (loss) for the period | 9904 | €480,400 | €614,301 | +€133,901 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €480,400 | €614,301 | +€133,901 | +27.9% |
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 31 October 2026 via checked.be.