ASSURBAT: 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.
ASSURBAT
Largest movements
- Tangible fixed assets -€55,849
down €55,849 (-6.8%), from €822,850 to €767,001
of which Plant, machinery and equipment: -€46,265
- Current investments -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Debts after one year -€46,366
down €46,366 (-10.8%), from €430,556 to €384,190
- Reserves -€28,000
down €28,000 (-7.7%), from €361,359 to €333,359
of which Distributable reserves: -€26,141
- Current portion of long-term debt -€13,572
down €13,572 (-22.6%), from €59,938 to €46,366
- Gross operating margin +€52,663
up €52,663 (+88.0%), from €59,858 to €112,521
- Staff costs +€6,524
up €6,524 (+32.2%), from €20,256 to €26,780
- Depreciation -€5,062
down €5,062 (-5.4%), from €93,687 to €88,625
- Taxes +€5,023
up €5,023 (+1,598%), from €314 to €5,338
- Other operating charges -€2,505
down €2,505 (-37.2%), from €6,743 to €4,237
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,534 | €856,838 | -€91,696 | -9.7% |
| Fixed assets | 21/28 | €823,422 | €767,573 | -€55,849 | -6.8% |
| Tangible fixed assets | 22/27 | €822,850 | €767,001 | -€55,849 | -6.8% |
| Land and buildings | 22 | €485,327 | €451,522 | -€33,805 | -7.0% |
| Plant, machinery and equipment | 23 | €253,338 | €207,073 | -€46,265 | -18.3% |
| Furniture and vehicles | 24 | €7,274 | €3,453 | -€3,820 | -52.5% |
| Assets under construction and advance payments | 27 | €76,912 | €104,953 | +€28,041 | +36.5% |
| Financial fixed assets | 28 | €572 | €572 | = | 0.0% |
| Current assets | 29/58 | €125,112 | €89,265 | -€35,846 | -28.7% |
| Amounts receivable within one year | 40/41 | €33,994 | €27,838 | -€6,156 | -18.1% |
| Trade receivables | 40 | €16,371 | €13,130 | -€3,241 | -19.8% |
| Other amounts receivable | 41 | €17,622 | €14,708 | -€2,915 | -16.5% |
| Current investments | 50/53 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €38 | €449 | +€411 | +1,091% |
| Deferred charges and accrued income | 490/1 | €1,080 | €979 | -€101 | -9.4% |
| Total equity and liabilities | 10/49 | €948,534 | €856,838 | -€91,696 | -9.7% |
| Equity | 10/15 | €383,526 | €354,547 | -€28,980 | -7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €361,359 | €333,359 | -€28,000 | -7.7% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €359,500 | €333,359 | -€26,141 | -7.3% |
| Profit (loss) carried forward | 14 | €3,575 | €2,595 | -€980 | -27.4% |
| Amounts payable | 17/49 | €565,008 | €502,292 | -€62,716 | -11.1% |
| Amounts payable after more than one year | 17 | €430,556 | €384,190 | -€46,366 | -10.8% |
| Financial debts | 170/4 | €430,556 | €384,190 | -€46,366 | -10.8% |
| Amounts payable within one year | 42/48 | €133,677 | €118,102 | -€15,575 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €59,938 | €46,366 | -€13,572 | -22.6% |
| Financial debts | 43 | €22,735 | €20,412 | -€2,324 | -10.2% |
| Credit institutions | 430/8 | €22,735 | €20,412 | -€2,324 | -10.2% |
| Trade debts | 44 | €11,190 | €15,234 | +€4,044 | +36.1% |
| Suppliers | 440/4 | €11,190 | €15,234 | +€4,044 | +36.1% |
| Taxes, remuneration and social security | 45 | €20,232 | €22,064 | +€1,831 | +9.1% |
| Taxes | 450/3 | €14,556 | €12,173 | -€2,382 | -16.4% |
| Remuneration and social security | 454/9 | €5,677 | €9,890 | +€4,214 | +74.2% |
| Other amounts payable | 47/48 | €19,581 | €14,027 | -€5,555 | -28.4% |
| Accrued charges and deferred income | 492/3 | €775 | - | -€775 | |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Remuneration, social security and pensions | 62 | €20,256 | €26,780 | +€6,524 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,687 | €88,625 | -€5,062 | -5.4% |
| Other operating charges | 640/8 | €6,743 | €4,237 | -€2,505 | -37.2% |
| Gross operating margin | 9900 | €59,858 | €112,521 | +€52,663 | +88.0% |
| Operating profit (loss) | 9901 | -€60,828 | -€7,121 | +€53,707 | +88.3% |
| Financial income | 75/76B | €112 | €32 | -€81 | -71.9% |
| Recurring financial income | 75 | €112 | €32 | -€81 | -71.9% |
| Financial charges | 65/66B | €16,323 | €16,553 | +€230 | +1.4% |
| Recurring financial charges | 65 | €16,323 | €16,553 | +€230 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€77,038 | -€23,642 | +€53,396 | +69.3% |
| Income taxes | 67/77 | €314 | €5,338 | +€5,023 | +1,598% |
| Profit (loss) for the period | 9904 | -€77,352 | -€28,980 | +€48,373 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,352 | -€28,980 | +€48,373 | +62.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.