ASSURFIN: 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.
ASSURFIN
Largest movements
- Receivables within one year +€161,585
up €161,585 (+315.9%), from €51,144 to €212,729
of which Other amounts receivable: +€161,018
- Cash +€76,945
up €76,945 (+1028.4%), from €7,482 to €84,427
mainly Advances received (+€253,129) and Net result for the year (+€7,623)
- Advances received +€253,129
new in 2024: €253,129
- Profit (loss) carried forward +€7,623
up €7,623, from -€1,866 to €5,757
- Other debts -€7,538
down €7,538 (-43.0%), from €17,538 to €10,000
- Current portion of long-term debt -€6,797
no longer reported in 2024 (was €6,797)
- Short-term financial debts -€5,365
no longer reported in 2024 (was €5,365)
- Gross operating margin -€5,508
down €5,508 (-10.2%), from €53,801 to €48,293
- Financial charges +€3,543
up €3,543 (+231.6%), from €1,530 to €5,073
- Purchases and services +€3,138
up €3,138 (+10.2%), from €30,855 to €33,993
- Turnover -€2,370
down €2,370 (-2.8%), from €84,656 to €82,286
- Staff costs +€1,558
up €1,558 (+4.9%), from €31,637 to €33,195
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.
Cash bridge derived
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 | €58,626 | €297,156 | +€238,530 | +406.9% |
| Current assets | 29/58 | €58,626 | €297,156 | +€238,530 | +406.9% |
| Amounts receivable within one year | 40/41 | €51,144 | €212,729 | +€161,585 | +315.9% |
| Trade receivables | 40 | €10,320 | €10,887 | +€567 | +5.5% |
| Other amounts receivable | 41 | €40,824 | €201,842 | +€161,018 | +394.4% |
| Cash at bank and in hand | 54/58 | €7,482 | €84,427 | +€76,945 | +1028.4% |
| Total equity and liabilities | 10/49 | €58,626 | €297,156 | +€238,530 | +406.9% |
| Equity | 10/15 | €18,539 | €26,162 | +€7,623 | +41.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Share premium | 1100/10 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,866 | €5,757 | +€7,623 | |
| Amounts payable | 17/49 | €40,087 | €270,994 | +€230,907 | +576.0% |
| Amounts payable within one year | 42/48 | €40,087 | €270,994 | +€230,907 | +576.0% |
| Current portion of amounts payable after more than one year | 42 | €6,797 | - | -€6,797 | |
| Financial debts | 43 | €5,365 | - | -€5,365 | |
| Credit institutions | 430/8 | €5,365 | - | -€5,365 | |
| Trade debts | 44 | €1,030 | €1,246 | +€216 | +21.0% |
| Suppliers | 440/4 | €1,030 | €1,246 | +€216 | +21.0% |
| Advances received on contracts in progress | 46 | - | €253,129 | +€253,129 | |
| Taxes, remuneration and social security | 45 | €9,357 | €6,619 | -€2,738 | -29.3% |
| Taxes | 450/3 | €9,357 | €167 | -€9,190 | -98.2% |
| Remuneration and social security | 454/9 | - | €6,452 | +€6,452 | |
| Other amounts payable | 47/48 | €17,538 | €10,000 | -€7,538 | -43.0% |
| Turnover | 70 | €84,656 | €82,286 | -€2,370 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,855 | €33,993 | +€3,138 | +10.2% |
| Remuneration, social security and pensions | 62 | €31,637 | €33,195 | +€1,558 | +4.9% |
| Non-recurring operating charges | 66A | €74,944 | - | -€74,944 | |
| Gross operating margin | 9900 | €53,801 | €48,293 | -€5,508 | -10.2% |
| Operating profit (loss) | 9901 | -€52,780 | €15,098 | +€67,878 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,530 | €5,073 | +€3,543 | +231.6% |
| Recurring financial charges | 65 | €1,530 | €5,073 | +€3,543 | +231.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,310 | €10,027 | +€64,337 | |
| Income taxes | 67/77 | €3,088 | €2,404 | -€684 | -22.2% |
| Profit (loss) for the period | 9904 | -€57,398 | €7,623 | +€65,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,398 | €7,623 | +€65,021 |
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 11 October 2026 via checked.be.