CED ASSURE: 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.
CED ASSURE
Largest movements
- Intangible fixed assets -€63,000
down €63,000 (-28.6%), from €220,241 to €157,241
- Cash +€28,574
up €28,574 (+62.6%), from €45,658 to €74,232
mainly Depreciation (+€90,780) and Net result for the year (+€33,345)
- Tangible fixed assets -€22,529
down €22,529 (-31.7%), from €70,985 to €48,456
of which Furniture and vehicles: -€18,886
- Debts after one year -€87,412
down €87,412 (-37.3%), from €234,138 to €146,725
- Other debts +€20,842
up €20,842 (+110%), from €19,000 to €39,842
- Gross operating margin +€12,600
up €12,600 (+5.3%), from €237,976 to €250,576
- Staff costs -€3,470
down €3,470 (-3.3%), from €105,956 to €102,486
- Taxes +€3,219
up €3,219 (+29.8%), from €10,809 to €14,027
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.
Derived cash bridge
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 | €384,555 | €325,052 | -€59,503 | -15.5% |
| Fixed assets | 21/28 | €292,826 | €207,297 | -€85,529 | -29.2% |
| Intangible fixed assets | 21 | €220,241 | €157,241 | -€63,000 | -28.6% |
| Tangible fixed assets | 22/27 | €70,985 | €48,456 | -€22,529 | -31.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €37,815 | €18,929 | -€18,886 | -49.9% |
| Other tangible fixed assets | 26 | €33,170 | €29,527 | -€3,642 | -11.0% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €91,729 | €117,755 | +€26,026 | +28.4% |
| Amounts receivable within one year | 40/41 | €43,489 | €40,038 | -€3,451 | -7.9% |
| Trade receivables | 40 | €37,503 | €40,038 | +€2,536 | +6.8% |
| Other amounts receivable | 41 | €5,986 | €0 | -€5,986 | -100% |
| Cash at bank and in hand | 54/58 | €45,658 | €74,232 | +€28,574 | +62.6% |
| Deferred charges and accrued income | 490/1 | €2,582 | €3,485 | +€903 | +35.0% |
| Total equity and liabilities | 10/49 | €384,555 | €325,052 | -€59,503 | -15.5% |
| Equity | 10/15 | €12,456 | €12,401 | -€55 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56 | €1 | -€55 | -98.7% |
| Amounts payable | 17/49 | €372,099 | €312,651 | -€59,448 | -16.0% |
| Amounts payable after more than one year | 17 | €234,138 | €146,725 | -€87,412 | -37.3% |
| Financial debts | 170/4 | €234,138 | €146,725 | -€87,412 | -37.3% |
| Amounts payable within one year | 42/48 | €137,961 | €165,926 | +€27,965 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €86,347 | €89,940 | +€3,593 | +4.2% |
| Financial debts | 43 | €1,268 | €2,841 | +€1,573 | +124% |
| Credit institutions | 430/8 | €1,268 | €2,841 | +€1,573 | +124% |
| Trade debts | 44 | €7,148 | €8,819 | +€1,670 | +23.4% |
| Suppliers | 440/4 | €7,148 | €8,819 | +€1,670 | +23.4% |
| Taxes, remuneration and social security | 45 | €24,198 | €24,485 | +€287 | +1.2% |
| Taxes | 450/3 | €3,132 | €4,548 | +€1,416 | +45.2% |
| Remuneration and social security | 454/9 | €21,066 | €19,936 | -€1,129 | -5.4% |
| Other amounts payable | 47/48 | €19,000 | €39,842 | +€20,842 | +110% |
| Remuneration, social security and pensions | 62 | €105,956 | €102,486 | -€3,470 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,480 | €90,780 | +€300 | +0.3% |
| Other operating charges | 640/8 | €1,476 | €1,524 | +€48 | +3.2% |
| Gross operating margin | 9900 | €237,976 | €250,576 | +€12,600 | +5.3% |
| Operating profit (loss) | 9901 | €40,064 | €55,786 | +€15,722 | +39.2% |
| Financial income | 75/76B | €257 | €307 | +€50 | +19.6% |
| Recurring financial income | 75 | €257 | €307 | +€50 | +19.6% |
| Financial charges | 65/66B | €10,610 | €8,721 | -€1,889 | -17.8% |
| Recurring financial charges | 65 | €10,610 | €8,721 | -€1,889 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €29,710 | €47,372 | +€17,662 | +59.4% |
| Income taxes | 67/77 | €10,809 | €14,027 | +€3,219 | +29.8% |
| Profit (loss) for the period | 9904 | €18,902 | €33,345 | +€14,443 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,902 | €33,345 | +€14,443 | +76.4% |
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 1 November 2026 via checked.be.