ASSUREX: 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.
ASSUREX
Largest movements
- Tangible fixed assets -€211,733
down €211,733 (-48.8%), from €433,616 to €221,884
of which Land and buildings: -€185,509
- Current investments -€130,001
down €130,001 (-94.3%), from €137,866 to €7,865
- Cash +€95,821
up €95,821 (+4611.0%), from €2,078 to €97,899
mainly Investment in fixed assets (net) (+€176,813) and Current investments (+€130,001)
- Intangible fixed assets -€76,969
down €76,969 (-29.0%), from €265,111 to €188,142
- Receivables within one year +€72,543
up €72,543 (+276.5%), from €26,234 to €98,777
- Debts after one year -€180,199
down €180,199 (-36.1%), from €499,835 to €319,637
- Provisions -€59,416
no longer reported in 2025 (was €59,416)
- Tax, wage and social debts -€21,627
down €21,627 (-28.2%), from €76,738 to €55,111
of which Taxes: -€26,387
- Accrued charges and deferred income +€21,284
up €21,284 (+859.9%), from €2,475 to €23,759
- Financial income +€116,959
up €116,959 (+443.2%), from €26,391 to €143,351
of which Non-recurring financial income: +€120,824
- Gross operating margin -€77,380
down €77,380 (-22.3%), from €347,221 to €269,840
- Taxes +€75,875
up €75,875 (+679.8%), from €11,160 to €87,035
- Staff costs +€19,862
up €19,862 (+9.8%), from €203,515 to €223,378
- Depreciation -€9,348
down €9,348 (-7.7%), from €121,236 to €111,888
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 | €1,214,628 | €979,787 | -€234,841 | -19.3% |
| Fixed assets | 21/28 | €706,805 | €418,103 | -€288,702 | -40.8% |
| Intangible fixed assets | 21 | €265,111 | €188,142 | -€76,969 | -29.0% |
| Tangible fixed assets | 22/27 | €433,616 | €221,884 | -€211,733 | -48.8% |
| Land and buildings | 22 | €394,844 | €209,334 | -€185,509 | -47.0% |
| Plant, machinery and equipment | 23 | €4,946 | €3,321 | -€1,624 | -32.8% |
| Furniture and vehicles | 24 | €3,934 | €2,599 | -€1,335 | -33.9% |
| Leasing and similar rights | 25 | €29,893 | €6,629 | -€23,264 | -77.8% |
| Financial fixed assets | 28 | €8,078 | €8,078 | = | 0.0% |
| Current assets | 29/58 | €507,823 | €561,684 | +€53,861 | +10.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,234 | €98,777 | +€72,543 | +276.5% |
| Other amounts receivable | 41 | €26,234 | €98,777 | +€72,543 | +276.5% |
| Current investments | 50/53 | €137,866 | €7,865 | -€130,001 | -94.3% |
| Cash at bank and in hand | 54/58 | €2,078 | €97,899 | +€95,821 | +4611.0% |
| Deferred charges and accrued income | 490/1 | €41,645 | €57,143 | +€15,498 | +37.2% |
| Total equity and liabilities | 10/49 | €1,214,628 | €979,787 | -€234,841 | -19.3% |
| Equity | 10/15 | €424,929 | €435,653 | +€10,725 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €406,329 | €417,053 | +€10,725 | +2.6% |
| 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 | €116,237 | - | -€116,237 | |
| Distributable reserves | 133 | €288,232 | €415,193 | +€126,961 | +44.0% |
| Provisions and deferred taxes | 16 | €59,416 | - | -€59,416 | |
| Deferred taxes | 168 | €59,416 | - | -€59,416 | |
| Amounts payable | 17/49 | €730,283 | €544,133 | -€186,149 | -25.5% |
| Amounts payable after more than one year | 17 | €499,835 | €319,637 | -€180,199 | -36.1% |
| Financial debts | 170/4 | €499,835 | €319,637 | -€180,199 | -36.1% |
| Amounts payable within one year | 42/48 | €227,973 | €200,738 | -€27,235 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €108,296 | €105,761 | -€2,536 | -2.3% |
| Financial debts | 43 | €271 | €266 | -€5 | -1.8% |
| Credit institutions | 430/8 | €271 | €266 | -€5 | -1.8% |
| Trade debts | 44 | €38,040 | €34,973 | -€3,067 | -8.1% |
| Suppliers | 440/4 | €38,040 | €34,973 | -€3,067 | -8.1% |
| Taxes, remuneration and social security | 45 | €76,738 | €55,111 | -€21,627 | -28.2% |
| Taxes | 450/3 | €31,544 | €5,157 | -€26,387 | -83.7% |
| Remuneration and social security | 454/9 | €45,195 | €49,955 | +€4,760 | +10.5% |
| Other amounts payable | 47/48 | €4,627 | €4,627 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,475 | €23,759 | +€21,284 | +859.9% |
| Remuneration, social security and pensions | 62 | €203,515 | €223,378 | +€19,862 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,236 | €111,888 | -€9,348 | -7.7% |
| Other operating charges | 640/8 | €4,492 | €3,644 | -€848 | -18.9% |
| Gross operating margin | 9900 | €347,221 | €269,840 | -€77,380 | -22.3% |
| Operating profit (loss) | 9901 | €17,977 | -€69,069 | -€87,046 | |
| Financial income | 75/76B | €26,391 | €143,351 | +€116,959 | +443.2% |
| Recurring financial income | 75 | €26,391 | €22,527 | -€3,865 | -14.6% |
| Non-recurring financial income | 76B | - | €120,824 | +€120,824 | |
| Financial charges | 65/66B | €33,144 | €35,938 | +€2,793 | +8.4% |
| Recurring financial charges | 65 | €33,144 | €35,938 | +€2,793 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €11,224 | €38,344 | +€27,120 | +241.6% |
| Transfer from deferred taxes | 780 | €2,583 | €59,416 | +€56,832 | +2200.0% |
| Income taxes | 67/77 | €11,160 | €87,035 | +€75,875 | +679.8% |
| Profit (loss) for the period | 9904 | €2,647 | €10,725 | +€8,078 | +305.2% |
| Transfer from tax-exempt reserves | 789 | €5,015 | €116,237 | +€111,222 | +2217.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,662 | €126,961 | +€119,300 | +1557.1% |
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 12 October 2026 via checked.be.