ASSUREMENT: 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.
ASSUREMENT
Largest movements
- Tangible fixed assets +€37,507
up €37,507 (+14.6%), from €256,970 to €294,477
of which Land and buildings: +€46,796
- Receivables within one year +€17,166
up €17,166 (+14.5%), from €118,401 to €135,567
of which Other amounts receivable: +€62,179
- Debts after one year +€72,881
up €72,881 (+34.6%), from €210,389 to €283,270
of which Trade debts: +€63,651
- Current portion of long-term debt -€27,447
down €27,447 (-47.7%), from €57,483 to €30,036
- Tax, wage and social debts +€4,882
up €4,882 (+16.4%), from €29,714 to €34,595
of which Taxes: +€3,846
- Other operating charges -€17,137
down €17,137 (-86.7%), from €19,759 to €2,622
- Financial charges +€13,975
up €13,975 (+78.1%), from €17,891 to €31,867
- Staff costs +€7,434
up €7,434 (+8.5%), from €87,126 to €94,560
- Depreciation +€6,261
up €6,261 (+9.0%), from €69,612 to €75,874
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 | €375,371 | €430,061 | +€54,689 | +14.6% |
| Fixed assets | 21/28 | €256,970 | €294,477 | +€37,507 | +14.6% |
| Tangible fixed assets | 22/27 | €256,970 | €294,477 | +€37,507 | +14.6% |
| Land and buildings | 22 | €229,582 | €276,377 | +€46,796 | +20.4% |
| Plant, machinery and equipment | 23 | €11,295 | €15,341 | +€4,046 | +35.8% |
| Furniture and vehicles | 24 | €2,759 | €2,759 | = | 0.0% |
| Other tangible fixed assets | 26 | €13,334 | - | -€13,334 | |
| Current assets | 29/58 | €118,401 | €135,584 | +€17,183 | +14.5% |
| Amounts receivable within one year | 40/41 | €118,401 | €135,567 | +€17,166 | +14.5% |
| Trade receivables | 40 | €57,089 | €12,075 | -€45,013 | -78.8% |
| Other amounts receivable | 41 | €61,312 | €123,491 | +€62,179 | +101.4% |
| Cash at bank and in hand | 54/58 | €0 | €17 | +€17 | +4888.2% |
| Total equity and liabilities | 10/49 | €375,371 | €430,061 | +€54,689 | +14.6% |
| Equity | 10/15 | €12,638 | €14,183 | +€1,545 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,660 | €2,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,778 | €5,323 | +€1,545 | +40.9% |
| Amounts payable | 17/49 | €362,734 | €415,878 | +€53,144 | +14.7% |
| Amounts payable after more than one year | 17 | €210,389 | €283,270 | +€72,881 | +34.6% |
| Financial debts | 170/4 | €181,648 | €181,648 | = | 0.0% |
| Trade debts | 175 | - | €63,651 | +€63,651 | |
| Advances received on contracts in progress | 176 | - | €17,210 | +€17,210 | |
| Other amounts payable | 178/9 | €28,742 | €20,761 | -€7,980 | -27.8% |
| Amounts payable within one year | 42/48 | €152,344 | €132,608 | -€19,737 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €57,483 | €30,036 | -€27,447 | -47.7% |
| Financial debts | 43 | €45,723 | €45,294 | -€429 | -0.9% |
| Credit institutions | 430/8 | €45,723 | €45,294 | -€429 | -0.9% |
| Trade debts | 44 | €19,425 | €22,683 | +€3,258 | +16.8% |
| Suppliers | 440/4 | €19,425 | €22,683 | +€3,258 | +16.8% |
| Taxes, remuneration and social security | 45 | €29,714 | €34,595 | +€4,882 | +16.4% |
| Taxes | 450/3 | €18,544 | €22,390 | +€3,846 | +20.7% |
| Remuneration and social security | 454/9 | €11,170 | €12,206 | +€1,036 | +9.3% |
| Non-recurring operating income | 76A | €3,216 | - | -€3,216 | |
| Remuneration, social security and pensions | 62 | €87,126 | €94,560 | +€7,434 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,612 | €75,874 | +€6,261 | +9.0% |
| Other operating charges | 640/8 | €19,759 | €2,622 | -€17,137 | -86.7% |
| Non-recurring operating charges | 66A | €7,093 | - | -€7,093 | |
| Gross operating margin | 9900 | €216,258 | €214,552 | -€1,707 | -0.8% |
| Operating profit (loss) | 9901 | €32,668 | €41,496 | +€8,828 | +27.0% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100.0% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100.0% |
| Financial charges | 65/66B | €17,891 | €31,867 | +€13,975 | +78.1% |
| Recurring financial charges | 65 | €17,891 | €31,867 | +€13,975 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €14,837 | €9,629 | -€5,207 | -35.1% |
| Income taxes | 67/77 | €7,872 | €8,084 | +€212 | +2.7% |
| Profit (loss) for the period | 9904 | €6,964 | €1,545 | -€5,419 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,964 | €1,545 | -€5,419 | -77.8% |
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 2 October 2026 via checked.be.