CQFD Assurfinance: 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.
CQFD Assurfinance
Largest movements
- Receivables within one year -€22,488
down €22,488 (-41.7%), from €53,971 to €31,483
- Cash +€21,357
up €21,357 (+114%), from €18,754 to €40,111
mainly Depreciation (+€28,928) and Receivables within one year (+€22,488)
- Tangible fixed assets -€17,590
down €17,590 (-14.2%), from €124,094 to €106,504
- Intangible fixed assets -€11,338
down €11,338 (-12.5%), from €90,702 to €79,365
- Profit (loss) carried forward -€31,363
down €31,363 (-25.0%), from €125,700 to €94,337
- Trade debts +€14,670
up €14,670 (+2,342%), from €626 to €15,296
- Debts after one year -€11,718
down €11,718 (-28.6%), from €41,045 to €29,326
- Gross operating margin -€49,943
down €49,943 (-13.7%), from €365,406 to €315,463
- Taxes -€4,670
down €4,670 (-46.5%), from €10,032 to €5,362
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 | €291,189 | €260,370 | -€30,819 | -10.6% |
| Fixed assets | 21/28 | €215,226 | €186,298 | -€28,928 | -13.4% |
| Intangible fixed assets | 21 | €90,702 | €79,365 | -€11,338 | -12.5% |
| Tangible fixed assets | 22/27 | €124,094 | €106,504 | -€17,590 | -14.2% |
| Land and buildings | 22 | €90,786 | €85,563 | -€5,223 | -5.8% |
| Furniture and vehicles | 24 | €18,366 | €10,770 | -€7,596 | -41.4% |
| Other tangible fixed assets | 26 | €14,942 | €10,171 | -€4,771 | -31.9% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €75,963 | €74,072 | -€1,891 | -2.5% |
| Amounts receivable within one year | 40/41 | €53,971 | €31,483 | -€22,488 | -41.7% |
| Other amounts receivable | 41 | €53,971 | €31,483 | -€22,488 | -41.7% |
| Cash at bank and in hand | 54/58 | €18,754 | €40,111 | +€21,357 | +114% |
| Deferred charges and accrued income | 490/1 | €3,238 | €2,478 | -€760 | -23.5% |
| Total equity and liabilities | 10/49 | €291,189 | €260,370 | -€30,819 | -10.6% |
| Equity | 10/15 | €193,900 | €162,537 | -€31,363 | -16.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,700 | €94,337 | -€31,363 | -25.0% |
| Amounts payable | 17/49 | €97,289 | €97,833 | +€544 | +0.6% |
| Amounts payable after more than one year | 17 | €41,045 | €29,326 | -€11,718 | -28.6% |
| Financial debts | 170/4 | €41,045 | €29,326 | -€11,718 | -28.6% |
| Amounts payable within one year | 42/48 | €56,244 | €68,507 | +€12,262 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €11,238 | €11,718 | +€480 | +4.3% |
| Trade debts | 44 | €626 | €15,296 | +€14,670 | +2,342% |
| Suppliers | 440/4 | €626 | €15,296 | +€14,670 | +2,342% |
| Taxes, remuneration and social security | 45 | €43,541 | €41,314 | -€2,228 | -5.1% |
| Remuneration and social security | 454/9 | €43,541 | €41,314 | -€2,228 | -5.1% |
| Other amounts payable | 47/48 | €839 | €178 | -€660 | -78.8% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €303,137 | €302,114 | -€1,023 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,513 | €28,928 | +€415 | +1.5% |
| Other operating charges | 640/8 | €6,342 | €7,030 | +€688 | +10.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €365,406 | €315,463 | -€49,943 | -13.7% |
| Operating profit (loss) | 9901 | €27,414 | -€22,609 | -€50,022 | |
| Financial income | 75/76B | €188 | €12 | -€176 | -93.6% |
| Recurring financial income | 75 | €188 | €12 | -€176 | -93.6% |
| Financial charges | 65/66B | €3,348 | €3,404 | +€56 | +1.7% |
| Recurring financial charges | 65 | €3,348 | €3,404 | +€56 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €24,254 | -€26,001 | -€50,254 | |
| Income taxes | 67/77 | €10,032 | €5,362 | -€4,670 | -46.5% |
| Profit (loss) for the period | 9904 | €14,222 | -€31,363 | -€45,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,222 | -€31,363 | -€45,585 |
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 22 October 2026 via checked.be.