ASSURANCES DELAIVE: 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 DELAIVE
Largest movements
- Intangible fixed assets -€100,057
down €100,057 (-19.9%), from €503,006 to €402,949
- Tangible fixed assets -€68,414
down €68,414 (-10.2%), from €673,576 to €605,162
of which Land and buildings: -€39,446
- Cash +€63,729
up €63,729 (+20.0%), from €319,316 to €383,045
mainly Net result for the year (+€249,941) and Depreciation (+€185,483)
- Receivables within one year +€27,292
up €27,292 (+39.6%), from €68,854 to €96,146
of which Other amounts receivable: +€16,750
- Debts after one year -€45,702
down €45,702 (-14.0%), from €327,226 to €281,523
- Other debts +€38,975
up €38,975 (+20.5%), from €189,845 to €228,820
- Current portion of long-term debt -€35,756
down €35,756 (-43.9%), from €81,459 to €45,702
- Trade debts -€20,660
down €20,660 (-83.3%), from €24,802 to €4,142
- Gross operating margin +€122,168
up €122,168 (+19.9%), from €613,778 to €735,946
- Depreciation +€41,345
up €41,345 (+28.7%), from €144,137 to €185,483
- Staff costs +€34,150
up €34,150 (+23.0%), from €148,219 to €182,369
- Other operating charges -€10,374
down €10,374 (-58.2%), from €17,828 to €7,454
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 | €1,980,830 | €1,905,502 | -€75,328 | -3.8% |
| Fixed assets | 21/28 | €1,176,582 | €1,008,111 | -€168,471 | -14.3% |
| Intangible fixed assets | 21 | €503,006 | €402,949 | -€100,057 | -19.9% |
| Tangible fixed assets | 22/27 | €673,576 | €605,162 | -€68,414 | -10.2% |
| Land and buildings | 22 | €531,982 | €492,536 | -€39,446 | -7.4% |
| Plant, machinery and equipment | 23 | €2,388 | €2,577 | +€189 | +7.9% |
| Furniture and vehicles | 24 | €139,206 | €110,049 | -€29,157 | -20.9% |
| Current assets | 29/58 | €804,248 | €897,391 | +€93,143 | +11.6% |
| Amounts receivable within one year | 40/41 | €68,854 | €96,146 | +€27,292 | +39.6% |
| Trade receivables | 40 | €68,854 | €79,397 | +€10,543 | +15.3% |
| Other amounts receivable | 41 | €0 | €16,750 | +€16,750 | |
| Current investments | 50/53 | €408,451 | €414,778 | +€6,327 | +1.5% |
| Cash at bank and in hand | 54/58 | €319,316 | €383,045 | +€63,729 | +20.0% |
| Deferred charges and accrued income | 490/1 | €7,628 | €3,422 | -€4,206 | -55.1% |
| Total equity and liabilities | 10/49 | €1,980,830 | €1,905,502 | -€75,328 | -3.8% |
| Equity | 10/15 | €1,227,333 | €1,239,815 | +€12,482 | +1.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,165,360 | €1,177,842 | +€12,482 | +1.1% |
| Non-distributable reserves | 130/1 | €1,038,862 | €1,057,763 | +€18,901 | +1.8% |
| Legal reserve | 130 | €12,144 | €12,144 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,026,718 | €1,045,619 | +€18,901 | +1.8% |
| Tax-exempt reserves | 132 | €125,270 | €118,852 | -€6,419 | -5.1% |
| Distributable reserves | 133 | €1,227 | €1,227 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €41,757 | €39,618 | -€2,139 | -5.1% |
| Deferred taxes | 168 | €41,757 | €39,618 | -€2,139 | -5.1% |
| Amounts payable | 17/49 | €711,740 | €626,069 | -€85,671 | -12.0% |
| Amounts payable after more than one year | 17 | €327,226 | €281,523 | -€45,702 | -14.0% |
| Financial debts | 170/4 | €327,226 | €281,523 | -€45,702 | -14.0% |
| Amounts payable within one year | 42/48 | €376,785 | €343,826 | -€32,960 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €81,459 | €45,702 | -€35,756 | -43.9% |
| Trade debts | 44 | €24,802 | €4,142 | -€20,660 | -83.3% |
| Suppliers | 440/4 | €24,802 | €4,142 | -€20,660 | -83.3% |
| Taxes, remuneration and social security | 45 | €80,679 | €65,161 | -€15,518 | -19.2% |
| Taxes | 450/3 | €47,079 | €24,461 | -€22,618 | -48.0% |
| Remuneration and social security | 454/9 | €33,600 | €40,700 | +€7,100 | +21.1% |
| Other amounts payable | 47/48 | €189,845 | €228,820 | +€38,975 | +20.5% |
| Accrued charges and deferred income | 492/3 | €7,729 | €720 | -€7,009 | -90.7% |
| Remuneration, social security and pensions | 62 | €148,219 | €182,369 | +€34,150 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,137 | €185,483 | +€41,345 | +28.7% |
| Other operating charges | 640/8 | €17,828 | €7,454 | -€10,374 | -58.2% |
| Gross operating margin | 9900 | €613,778 | €735,946 | +€122,168 | +19.9% |
| Operating profit (loss) | 9901 | €303,594 | €360,640 | +€57,046 | +18.8% |
| Financial income | 75/76B | €6,980 | €8,335 | +€1,355 | +19.4% |
| Recurring financial income | 75 | €6,980 | €8,335 | +€1,355 | +19.4% |
| Non-recurring financial income | 76B | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €6,334 | €13,073 | +€6,739 | +106% |
| Recurring financial charges | 65 | €6,334 | €13,073 | +€6,739 | +106% |
| Profit (loss) for the period before taxes | 9903 | €304,240 | €355,902 | +€51,662 | +17.0% |
| Transfer from deferred taxes | 780 | €2,139 | €2,139 | = | 0.0% |
| Income taxes | 67/77 | €106,971 | €108,101 | +€1,130 | +1.1% |
| Profit (loss) for the period | 9904 | €199,409 | €249,941 | +€50,532 | +25.3% |
| Transfer from tax-exempt reserves | 789 | €6,419 | €6,419 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €205,827 | €256,359 | +€50,532 | +24.6% |
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 29 October 2026 via checked.be.