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ASSURMOL: what changed

BE 0643.819.979NACE 66.220, Insurance agents and brokersOther company

Position among the sector peers

What moved between 2023 and 2024

Net result for the year
€5,309
2023 · €1,046+€4,263
Equity
-€27,762
2023 · -€33,071+€5,309
Cash
€2,352
2023 · €5,259-€2,907
Balance sheet total
€170,734
2023 · €187,752-€17,018

Largest movements

2023 to 2024
Assets
  • Intangible fixed assets -€28,518

    down €28,518 (-19.1%), from €149,300 to €120,782

  • Tangible fixed assets +€12,009

    up €12,009 (+240%), from €5,002 to €17,011

    of which Land and buildings: +€13,461

  • Cash -€2,907

    down €2,907 (-55.3%), from €5,259 to €2,352

    mainly Debts after one year (-€36,977) and Investment in fixed assets (net) (-€14,196)

  • Receivables within one year +€2,391

    up €2,391 (+12.3%), from €19,516 to €21,907

    of which Other amounts receivable: +€2,400

Equity and liabilities
  • Debts after one year -€36,977

    down €36,977 (-27.2%), from €136,106 to €99,128

  • Profit (loss) carried forward +€18,727

    up €18,727 (+16.6%), from -€113,071 to -€94,344

  • Trade debts +€16,465

    up €16,465 (+809%), from €2,034 to €18,499

  • Reserves -€13,418

    down €13,418 (-18.2%), from €73,800 to €60,382

  • Tax, wage and social debts -€3,772

    down €3,772 (-32.3%), from €11,660 to €7,888

Income statement
  • Gross operating margin +€5,546

    up €5,546 (+12.5%), from €44,275 to €49,821

  • Taxes +€3,088

    up €3,088 (+53.1%), from €5,819 to €8,906

  • Other operating charges -€1,929

    down €1,929 (-64.3%), from €3,002 to €1,073

  • Depreciation +€745

    up €745 (+2.5%), from €29,960 to €30,705

  • Financial charges -€620

    down €620 (-13.9%), from €4,448 to €3,828

Change in the result, 2023 to 2024

effect on the result

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 2023 €1,046
Gross operating margin +€5,546
Depreciation -€745
Other operating charges +€1,929
Financial charges +€620
Taxes -€3,088
Result 2024 €5,309
raises the resultlowers the result

Derived cash bridge

cash 2023 to 2024

The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€47,452
Investment -€14,196
Financing -€36,164
Cash 2023 €5,259
Net result for the year +€5,309
Depreciation +€30,705
Receivables within one year -€2,391
Deferred charges and accrued income -€8
Trade debts +€16,465
Tax, wage and social debts -€3,772
Other debts +€1,145
Investment in fixed assets (net) -€14,196
Debts after one year -€36,977
Current portion of long-term debt +€814
Cash 2024 €2,352
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2023 2024 Change %
Total assets 20/58 €187,752 €170,734 -€17,018 -9.1%
Fixed assets 21/28 €154,302 €137,793 -€16,509 -10.7%
Intangible fixed assets 21 €149,300 €120,782 -€28,518 -19.1%
Tangible fixed assets 22/27 €5,002 €17,011 +€12,009 +240%
Land and buildings 22 - €13,461 +€13,461
Plant, machinery and equipment 23 €2,857 €1,519 -€1,338 -46.8%
Furniture and vehicles 24 €2,145 €2,032 -€113 -5.3%
Current assets 29/58 €33,450 €32,941 -€508 -1.5%
Amounts receivable within one year 40/41 €19,516 €21,907 +€2,391 +12.3%
Trade receivables 40 €18,511 €18,502 -€9 -0.1%
Other amounts receivable 41 €1,005 €3,405 +€2,400 +239%
Cash at bank and in hand 54/58 €5,259 €2,352 -€2,907 -55.3%
Deferred charges and accrued income 490/1 €8,675 €8,683 +€8 +0.1%
Total equity and liabilities 10/49 €187,752 €170,734 -€17,018 -9.1%
Equity 10/15 -€33,071 -€27,762 +€5,309 +16.1%
Contributions 10/11 €6,200 €6,200 = 0.0%
Contributions outside capital 11 €6,200 €6,200 = 0.0%
Other 1109/19 €6,200 €6,200 = 0.0%
Reserves 13 €73,800 €60,382 -€13,418 -18.2%
Tax-exempt reserves 132 €73,800 €60,382 -€13,418 -18.2%
Profit (loss) carried forward 14 -€113,071 -€94,344 +€18,727 +16.6%
Amounts payable 17/49 €220,823 €198,497 -€22,326 -10.1%
Amounts payable after more than one year 17 €136,106 €99,128 -€36,977 -27.2%
Financial debts 170/4 €136,106 €99,128 -€36,977 -27.2%
Amounts payable within one year 42/48 €84,718 €99,368 +€14,651 +17.3%
Current portion of amounts payable after more than one year 42 €36,164 €36,977 +€814 +2.3%
Trade debts 44 €2,034 €18,499 +€16,465 +809%
Suppliers 440/4 €2,034 €18,499 +€16,465 +809%
Taxes, remuneration and social security 45 €11,660 €7,888 -€3,772 -32.3%
Taxes 450/3 €11,660 €7,888 -€3,772 -32.3%
Other amounts payable 47/48 €34,860 €36,004 +€1,145 +3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29,960 €30,705 +€745 +2.5%
Other operating charges 640/8 €3,002 €1,073 -€1,929 -64.3%
Gross operating margin 9900 €44,275 €49,821 +€5,546 +12.5%
Operating profit (loss) 9901 €11,313 €18,043 +€6,730 +59.5%
Financial charges 65/66B €4,448 €3,828 -€620 -13.9%
Recurring financial charges 65 €4,448 €3,828 -€620 -13.9%
Profit (loss) for the period before taxes 9903 €6,865 €14,215 +€7,350 +107%
Income taxes 67/77 €5,819 €8,906 +€3,088 +53.1%
Profit (loss) for the period 9904 €1,046 €5,309 +€4,263 +408%
Transfer from tax-exempt reserves 789 €13,418 €13,418 = 0.0%
Profit (loss) for the period to be appropriated 9905 €14,464 €18,727 +€4,263 +29.5%

Value

latest balance sheet 31-12-2024 · indication, not a valuation or advice

For holding and financial companies, the adjusted equity is usually a better measure than the earnings. Give the capitalised earnings a lower weight then.

Indicative value of the equity

Indication, not a valuation or advice

Capitalisation rate 12% result over 3 years earnings weight 50%

The filed figures and these assumptions give no positive value. The adjusted equity and the average result are both zero or negative.

Part of the calculation comes out below zero. A shareholding is never worth less than zero, so the floor is zero.

Adjusted equity -€148,544
Capitalised earnings €14,457 to €20,240

Adjusted equity

balance sheet 31-12-2024
Equity (10/15)
-€27,762
Intangible fixed assets (21)
-€120,782
Revaluation of assets
€0
Deferred tax on the revaluation
€0
Other adjustment
€0
Adjusted equity
-€148,544

Capitalised earnings

net result for the year (9904)
2024
€5,309
2023
€1,046
2022
-€282
2021
€5,067
2020
-€8,961
Average result
€2,024
Divided by the capitalisation rate
14% / 12% / 10%
Capitalised earnings
€14,457 / €16,867 / €20,240

Limits of the indication

  • Checked holds no market prices or comparable transactions.
  • Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
  • Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
  • The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.

For a valuation to base a decision on, go to a company auditor or a certified accountant.

Calculation and sources

Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 13 November 2026 via checked.be.