Assuraz: what changed
What changed
Assuraz
NACE 64.910, Financial service activities, except insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€50,971
2024 · €485,310-€434,340
Equity
€869,031
2024 · €818,060+€50,971
Cash
€43,965
2024 · €527,460-€483,495
Balance sheet total
€1.0m
2024 · €872,412+€138,729
Largest movements
Assets
- Tangible fixed assets +€701,522
up €701,522 (+303%), from €231,261 to €932,783
of which Land and buildings: +€718,211
- Cash -€483,495
down €483,495 (-91.7%), from €527,460 to €43,965
mainly Investment in fixed assets (net) (-€741,666)
- Current investments -€52,311
no longer reported in 2025 (was €52,311)
- Receivables within one year -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
Equity and liabilities
- Debts after one year +€75,000
new in 2025: €75,000
- Reserves +€50,971
up €50,971 (+6.3%), from €811,855 to €862,825
of which Distributable reserves: +€50,971
Income statement
- Gross operating margin -€697,456
down €697,456 (-80.9%), from €861,754 to €164,298
- Taxes -€208,144
down €208,144 (-92.1%), from €225,888 to €17,744
- Staff costs -€113,353
down €113,353 (-95.2%), from €119,042 to €5,689
- Other operating charges +€58,439
up €58,439 (+2,260%), from €2,586 to €61,025
- Depreciation +€17,929
up €17,929 (+80.7%), from €22,214 to €40,144
Change in the result, 2024 to 2025
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 2024
€485,310
Gross operating margin
-€697,456
Staff costs
+€113,353
Depreciation
-€17,929
Other operating charges
-€58,439
Other operating items
+€5,800
Financial income
+€10,949
Financial charges
+€1,239
Taxes
+€208,144
Result 2025
€50,971
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€130,860
Investment
-€689,354
Financing
+€75,000
Cash 2024
€527,460
From operations (derived)
+€130,860
Net result for the year
+€50,971
Depreciation
+€40,144
Receivables within one year
+€25,000
Deferred charges and accrued income
+€1,986
Trade debts
+€4,541
Tax, wage and social debts
+€3,600
Other debts
+€4,617
Investment (derived)
-€689,354
Investment in fixed assets (net)
-€741,666
Current investments
+€52,311
Financing
+€75,000
Debts after one year
+€75,000
Cash 2025
€43,965
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €872,412 | €1,011,142 | +€138,729 | +15.9% |
| Fixed assets | 21/28 | €238,761 | €940,283 | +€701,522 | +294% |
| Tangible fixed assets | 22/27 | €231,261 | €932,783 | +€701,522 | +303% |
| Land and buildings | 22 | €169,040 | €887,250 | +€718,211 | +425% |
| Plant, machinery and equipment | 23 | €6,468 | €5,300 | -€1,168 | -18.1% |
| Furniture and vehicles | 24 | €55,754 | €40,233 | -€15,521 | -27.8% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €633,651 | €70,858 | -€562,792 | -88.8% |
| Amounts receivable within one year | 40/41 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Other amounts receivable | 41 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Current investments | 50/53 | €52,311 | - | -€52,311 | |
| Cash at bank and in hand | 54/58 | €527,460 | €43,965 | -€483,495 | -91.7% |
| Deferred charges and accrued income | 490/1 | €3,879 | €1,893 | -€1,986 | -51.2% |
| Total equity and liabilities | 10/49 | €872,412 | €1,011,142 | +€138,729 | +15.9% |
| Equity | 10/15 | €818,060 | €869,031 | +€50,971 | +6.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €811,855 | €862,825 | +€50,971 | +6.3% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €811,740 | €862,710 | +€50,971 | +6.3% |
| Amounts payable | 17/49 | €54,352 | €142,111 | +€87,759 | +161% |
| Amounts payable after more than one year | 17 | - | €75,000 | +€75,000 | |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €54,352 | €67,111 | +€12,759 | +23.5% |
| Trade debts | 44 | €4,986 | €9,527 | +€4,541 | +91.1% |
| Suppliers | 440/4 | €4,986 | €9,527 | +€4,541 | +91.1% |
| Taxes, remuneration and social security | 45 | €45,770 | €49,371 | +€3,600 | +7.9% |
| Taxes | 450/3 | €45,770 | €49,371 | +€3,600 | +7.9% |
| Other amounts payable | 47/48 | €3,596 | €8,213 | +€4,617 | +128% |
| Non-recurring operating income | 76A | €500,000 | €2,500 | -€497,500 | -99.5% |
| Remuneration, social security and pensions | 62 | €119,042 | €5,689 | -€113,353 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,214 | €40,144 | +€17,929 | +80.7% |
| Other operating charges | 640/8 | €2,586 | €61,025 | +€58,439 | +2,260% |
| Non-recurring operating charges | 66A | €5,800 | - | -€5,800 | |
| Gross operating margin | 9900 | €861,754 | €164,298 | -€697,456 | -80.9% |
| Operating profit (loss) | 9901 | €712,112 | €57,440 | -€654,672 | -91.9% |
| Financial income | 75/76B | €394 | €11,344 | +€10,949 | +2,776% |
| Recurring financial income | 75 | €394 | €11,344 | +€10,949 | +2,776% |
| Financial charges | 65/66B | €1,308 | €69 | -€1,239 | -94.7% |
| Recurring financial charges | 65 | €1,308 | €69 | -€1,239 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €711,199 | €68,715 | -€642,484 | -90.3% |
| Income taxes | 67/77 | €225,888 | €17,744 | -€208,144 | -92.1% |
| Profit (loss) for the period | 9904 | €485,310 | €50,971 | -€434,340 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €485,310 | €50,971 | -€434,340 | -89.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.