G'ASSUR: 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.
G'ASSUR
Largest movements
- Intangible fixed assets -€76,238
down €76,238 (-10.4%), from €735,961 to €659,724
- Cash +€74,869
up €74,869 (+1,229%), from €6,093 to €80,962
mainly Depreciation (+€165,998) and Net result for the year (+€119,179)
- Tangible fixed assets -€23,919
down €23,919 (-14.7%), from €162,246 to €138,327
of which Furniture and vehicles: -€27,121
- Receivables within one year -€9,943
down €9,943 (-53.0%), from €18,775 to €8,833
- Other debts -€270,082
down €270,082 (-84.6%), from €319,072 to €48,989
- Reserves +€119,000
up €119,000 (+65.0%), from €183,000 to €302,000
- Debts after one year +€93,361
up €93,361 (+32.9%), from €283,518 to €376,879
- Current portion of long-term debt +€39,508
up €39,508 (+64.4%), from €61,371 to €100,879
- Advances received -€21,183
no longer reported in 2025 (was €21,183)
- Gross operating margin +€29,184
up €29,184 (+5.8%), from €504,274 to €533,457
- Depreciation +€14,857
up €14,857 (+9.8%), from €151,140 to €165,998
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 | €923,075 | €887,845 | -€35,230 | -3.8% |
| Fixed assets | 21/28 | €898,207 | €798,051 | -€100,157 | -11.2% |
| Intangible fixed assets | 21 | €735,961 | €659,724 | -€76,238 | -10.4% |
| Tangible fixed assets | 22/27 | €162,246 | €138,327 | -€23,919 | -14.7% |
| Plant, machinery and equipment | 23 | €3,276 | €10,697 | +€7,421 | +227% |
| Furniture and vehicles | 24 | €121,815 | €94,694 | -€27,121 | -22.3% |
| Other tangible fixed assets | 26 | €37,155 | €32,936 | -€4,219 | -11.4% |
| Current assets | 29/58 | €24,868 | €89,795 | +€64,927 | +261% |
| Amounts receivable within one year | 40/41 | €18,775 | €8,833 | -€9,943 | -53.0% |
| Trade receivables | 40 | €18,775 | €8,833 | -€9,943 | -53.0% |
| Cash at bank and in hand | 54/58 | €6,093 | €80,962 | +€74,869 | +1,229% |
| Total equity and liabilities | 10/49 | €923,075 | €887,845 | -€35,230 | -3.8% |
| Equity | 10/15 | €189,625 | €308,804 | +€119,179 | +62.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €183,000 | €302,000 | +€119,000 | +65.0% |
| Distributable reserves | 133 | €183,000 | €302,000 | +€119,000 | +65.0% |
| Profit (loss) carried forward | 14 | €625 | €804 | +€179 | +28.6% |
| Amounts payable | 17/49 | €733,450 | €579,041 | -€154,409 | -21.1% |
| Amounts payable after more than one year | 17 | €283,518 | €376,879 | +€93,361 | +32.9% |
| Financial debts | 170/4 | €283,518 | €376,879 | +€93,361 | +32.9% |
| Amounts payable within one year | 42/48 | €449,932 | €202,163 | -€247,769 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €61,371 | €100,879 | +€39,508 | +64.4% |
| Trade debts | 44 | €7,891 | €8,284 | +€393 | +5.0% |
| Suppliers | 440/4 | €7,891 | €8,284 | +€393 | +5.0% |
| Advances received on contracts in progress | 46 | €21,183 | - | -€21,183 | |
| Taxes, remuneration and social security | 45 | €40,415 | €44,011 | +€3,596 | +8.9% |
| Taxes | 450/3 | €9,015 | €11,821 | +€2,806 | +31.1% |
| Remuneration and social security | 454/9 | €31,400 | €32,190 | +€790 | +2.5% |
| Other amounts payable | 47/48 | €319,072 | €48,989 | -€270,082 | -84.6% |
| Remuneration, social security and pensions | 62 | €192,454 | €187,128 | -€5,326 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,140 | €165,998 | +€14,857 | +9.8% |
| Other operating charges | 640/8 | €6,395 | €8,966 | +€2,571 | +40.2% |
| Gross operating margin | 9900 | €504,274 | €533,457 | +€29,184 | +5.8% |
| Operating profit (loss) | 9901 | €154,284 | €171,366 | +€17,082 | +11.1% |
| Financial income | 75/76B | €16 | €152 | +€136 | +858% |
| Recurring financial income | 75 | €16 | €152 | +€136 | +858% |
| Financial charges | 65/66B | €6,766 | €10,932 | +€4,166 | +61.6% |
| Recurring financial charges | 65 | €6,766 | €10,932 | +€4,166 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €147,533 | €160,586 | +€13,053 | +8.8% |
| Income taxes | 67/77 | €39,020 | €41,407 | +€2,388 | +6.1% |
| Profit (loss) for the period | 9904 | €108,513 | €119,179 | +€10,665 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,513 | €119,179 | +€10,665 | +9.8% |
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 21 October 2026 via checked.be.