ASSUWE: 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.
ASSUWE
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€18,048
up €18,048 (+37.2%), from €48,515 to €66,563
mainly Current investments (+€250,000) and Net result for the year (+€22,639)
- Tangible fixed assets -€11,875
down €11,875 (-29.3%), from €40,498 to €28,623
of which Furniture and vehicles: -€11,500
- Other debts -€256,477
down €256,477 (-99.5%), from €257,643 to €1,166
- Reserves +€20,973
up €20,973 (+37.9%), from €55,323 to €76,296
- Tax, wage and social debts -€9,089
down €9,089 (-65.0%), from €13,990 to €4,901
- Gross operating margin +€8,018
up €8,018 (+27.2%), from €29,507 to €37,525
- Taxes +€3,008
up €3,008 (+45.0%), from €6,677 to €9,685
- Financial income +€1,672
up €1,672 (+28.2%), from €5,940 to €7,612
- Staff costs -€621
down €621 (-77.4%), from €802 to €182
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 | €347,009 | €101,599 | -€245,410 | -70.7% |
| Fixed assets | 21/28 | €40,498 | €28,623 | -€11,875 | -29.3% |
| Tangible fixed assets | 22/27 | €40,498 | €28,623 | -€11,875 | -29.3% |
| Plant, machinery and equipment | 23 | €799 | €425 | -€375 | -46.9% |
| Furniture and vehicles | 24 | €39,699 | €28,199 | -€11,500 | -29.0% |
| Current assets | 29/58 | €306,511 | €72,976 | -€233,535 | -76.2% |
| Amounts receivable within one year | 40/41 | €5,436 | €3,519 | -€1,917 | -35.3% |
| Trade receivables | 40 | €4,272 | €3,519 | -€753 | -17.6% |
| Other amounts receivable | 41 | €1,164 | - | -€1,164 | |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €48,515 | €66,563 | +€18,048 | +37.2% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,894 | +€335 | +13.1% |
| Total equity and liabilities | 10/49 | €347,009 | €101,599 | -€245,410 | -70.7% |
| Equity | 10/15 | €73,915 | €94,888 | +€20,973 | +28.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,323 | €76,296 | +€20,973 | +37.9% |
| Distributable reserves | 133 | €55,323 | €76,296 | +€20,973 | +37.9% |
| Amounts payable | 17/49 | €273,094 | €6,711 | -€266,383 | -97.5% |
| Amounts payable within one year | 42/48 | €273,094 | €6,711 | -€266,383 | -97.5% |
| Trade debts | 44 | €1,461 | €644 | -€817 | -55.9% |
| Suppliers | 440/4 | €1,461 | €644 | -€817 | -55.9% |
| Taxes, remuneration and social security | 45 | €13,990 | €4,901 | -€9,089 | -65.0% |
| Taxes | 450/3 | €13,990 | €4,901 | -€9,089 | -65.0% |
| Other amounts payable | 47/48 | €257,643 | €1,166 | -€256,477 | -99.5% |
| Remuneration, social security and pensions | 62 | €802 | €182 | -€621 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,978 | €11,875 | -€104 | -0.9% |
| Other operating charges | 640/8 | €891 | €680 | -€211 | -23.7% |
| Gross operating margin | 9900 | €29,507 | €37,525 | +€8,018 | +27.2% |
| Operating profit (loss) | 9901 | €15,836 | €24,789 | +€8,953 | +56.5% |
| Financial income | 75/76B | €5,940 | €7,612 | +€1,672 | +28.2% |
| Recurring financial income | 75 | €5,940 | €7,612 | +€1,672 | +28.2% |
| Financial charges | 65/66B | €69 | €77 | +€9 | +12.6% |
| Recurring financial charges | 65 | €69 | €77 | +€9 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €21,707 | €32,323 | +€10,617 | +48.9% |
| Income taxes | 67/77 | €6,677 | €9,685 | +€3,008 | +45.0% |
| Profit (loss) for the period | 9904 | €15,030 | €22,639 | +€7,609 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,030 | €22,639 | +€7,609 | +50.6% |
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 9 October 2026 via checked.be.