GLOBAL ASSURANCES: 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.
GLOBAL ASSURANCES
Largest movements
- Receivables after one year +€39,810
up €39,810 (+21.8%), from €182,505 to €222,316
- Tangible fixed assets -€21,725
down €21,725 (-8.0%), from €272,060 to €250,335
of which Land and buildings: -€17,259
- Deferred charges and accrued income +€7,997
up €7,997 (+115%), from €6,953 to €14,950
- Receivables within one year +€7,563
up €7,563 (+44.4%), from €17,053 to €24,617
- Current portion of long-term debt -€179,789
down €179,789 (-88.2%), from €203,900 to €24,111
- Debts after one year +€155,832
up €155,832 (+205%), from €76,146 to €231,978
- Reserves +€45,000
up €45,000 (+24.3%), from €184,860 to €229,860
of which Distributable reserves: +€45,000
- Tax, wage and social debts +€11,630
up €11,630 (+90.4%), from €12,870 to €24,500
- Gross operating margin +€36,006
up €36,006 (+49.6%), from €72,584 to €108,590
- Turnover +€30,194
up €30,194 (+19.4%), from €155,519 to €185,712
- Taxes +€9,815
up €9,815 (+56.1%), from €17,488 to €27,303
- Staff costs +€8,520
new in 2025: €8,520
- Purchases and services -€5,812
down €5,812 (-7.0%), from €82,934 to €77,122
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 | €485,248 | €522,213 | +€36,965 | +7.6% |
| Fixed assets | 21/28 | €272,060 | €250,335 | -€21,725 | -8.0% |
| Tangible fixed assets | 22/27 | €272,060 | €250,335 | -€21,725 | -8.0% |
| Land and buildings | 22 | €257,633 | €240,374 | -€17,259 | -6.7% |
| Plant, machinery and equipment | 23 | €841 | €494 | -€347 | -41.2% |
| Furniture and vehicles | 24 | €6,317 | €5,564 | -€754 | -11.9% |
| Other tangible fixed assets | 26 | €7,269 | €3,903 | -€3,366 | -46.3% |
| Current assets | 29/58 | €213,187 | €271,878 | +€58,691 | +27.5% |
| Amounts receivable after more than one year | 29 | €182,505 | €222,316 | +€39,810 | +21.8% |
| Other amounts receivable | 291 | €182,505 | €222,316 | +€39,810 | +21.8% |
| Amounts receivable within one year | 40/41 | €17,053 | €24,617 | +€7,563 | +44.4% |
| Trade receivables | 40 | €17,053 | €24,617 | +€7,563 | +44.4% |
| Cash at bank and in hand | 54/58 | €6,676 | €9,996 | +€3,320 | +49.7% |
| Deferred charges and accrued income | 490/1 | €6,953 | €14,950 | +€7,997 | +115% |
| Total equity and liabilities | 10/49 | €485,248 | €522,213 | +€36,965 | +7.6% |
| Equity | 10/15 | €192,332 | €238,564 | +€46,232 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184,860 | €229,860 | +€45,000 | +24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €183,000 | €228,000 | +€45,000 | +24.6% |
| Profit (loss) carried forward | 14 | €1,272 | €2,504 | +€1,232 | +96.9% |
| Amounts payable | 17/49 | €292,916 | €283,649 | -€9,267 | -3.2% |
| Amounts payable after more than one year | 17 | €76,146 | €231,978 | +€155,832 | +205% |
| Financial debts | 170/4 | €76,146 | €231,978 | +€155,832 | +205% |
| Amounts payable within one year | 42/48 | €216,770 | €51,672 | -€165,098 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €203,900 | €24,111 | -€179,789 | -88.2% |
| Trade debts | 44 | - | €3,061 | +€3,061 | |
| Suppliers | 440/4 | - | €3,061 | +€3,061 | |
| Taxes, remuneration and social security | 45 | €12,870 | €24,500 | +€11,630 | +90.4% |
| Taxes | 450/3 | €12,870 | €24,500 | +€11,630 | +90.4% |
| Turnover | 70 | €155,519 | €185,712 | +€30,194 | +19.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,934 | €77,122 | -€5,812 | -7.0% |
| Remuneration, social security and pensions | 62 | - | €8,520 | +€8,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,302 | €23,910 | +€607 | +2.6% |
| Other operating charges | 640/8 | €2,815 | €3,052 | +€237 | +8.4% |
| Non-recurring operating charges | 66A | €5,453 | €3,038 | -€2,415 | -44.3% |
| Gross operating margin | 9900 | €72,584 | €108,590 | +€36,006 | +49.6% |
| Operating profit (loss) | 9901 | €41,014 | €70,071 | +€29,057 | +70.8% |
| Financial income | 75/76B | €6,953 | €7,997 | +€1,045 | +15.0% |
| Recurring financial income | 75 | €6,953 | €7,997 | +€1,045 | +15.0% |
| Financial charges | 65/66B | €4,949 | €4,533 | -€416 | -8.4% |
| Recurring financial charges | 65 | €4,949 | €4,533 | -€416 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €43,018 | €73,535 | +€30,517 | +70.9% |
| Income taxes | 67/77 | €17,488 | €27,303 | +€9,815 | +56.1% |
| Profit (loss) for the period | 9904 | €25,530 | €46,232 | +€20,702 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,530 | €46,232 | +€20,702 | +81.1% |
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 28 October 2026 via checked.be.