H'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.
H'ASSUR
Largest movements
- Current investments +€53,674
up €53,674 (+47.9%), from €112,155 to €165,829
- Tangible fixed assets -€8,116
down €8,116 (-17.7%), from €45,856 to €37,740
- Cash +€2,483
up €2,483 (+31.0%), from €8,015 to €10,498
mainly Net result for the year (+€49,003) and Depreciation (+€15,703)
- Reserves +€49,003
up €49,003 (+39.8%), from €123,111 to €172,114
- Gross operating margin +€18,967
up €18,967 (+25.5%), from €74,318 to €93,285
- Taxes +€8,845
up €8,845 (+55.3%), from €15,983 to €24,828
- Depreciation -€6,546
down €6,546 (-29.4%), from €22,249 to €15,703
- Staff costs -€4,597
down €4,597 (-60.4%), from €7,613 to €3,016
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 | €167,070 | €216,769 | +€49,699 | +29.7% |
| Fixed assets | 21/28 | €45,856 | €37,740 | -€8,116 | -17.7% |
| Tangible fixed assets | 22/27 | €45,856 | €37,740 | -€8,116 | -17.7% |
| Furniture and vehicles | 24 | €45,856 | €37,740 | -€8,116 | -17.7% |
| Current assets | 29/58 | €121,214 | €179,029 | +€57,815 | +47.7% |
| Amounts receivable within one year | 40/41 | €1,044 | €2,702 | +€1,658 | +159% |
| Other amounts receivable | 41 | €1,044 | €2,702 | +€1,658 | +159% |
| Current investments | 50/53 | €112,155 | €165,829 | +€53,674 | +47.9% |
| Cash at bank and in hand | 54/58 | €8,015 | €10,498 | +€2,483 | +31.0% |
| Total equity and liabilities | 10/49 | €167,070 | €216,769 | +€49,699 | +29.7% |
| Equity | 10/15 | €166,274 | €215,277 | +€49,003 | +29.5% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Reserves | 13 | €123,111 | €172,114 | +€49,003 | +39.8% |
| Distributable reserves | 133 | €123,111 | €172,114 | +€49,003 | +39.8% |
| Profit (loss) carried forward | 14 | €36,343 | €36,343 | = | 0.0% |
| Amounts payable | 17/49 | €796 | €1,492 | +€696 | +87.4% |
| Amounts payable within one year | 42/48 | €796 | €1,492 | +€696 | +87.4% |
| Other amounts payable | 47/48 | €796 | €1,492 | +€696 | +87.4% |
| Remuneration, social security and pensions | 62 | €7,613 | €3,016 | -€4,597 | -60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,249 | €15,703 | -€6,546 | -29.4% |
| Other operating charges | 640/8 | €1,137 | €954 | -€183 | -16.1% |
| Gross operating margin | 9900 | €74,318 | €93,285 | +€18,967 | +25.5% |
| Operating profit (loss) | 9901 | €43,319 | €73,612 | +€30,293 | +69.9% |
| Financial income | 75/76B | €1,204 | €319 | -€885 | -73.5% |
| Recurring financial income | 75 | €1,204 | €319 | -€885 | -73.5% |
| Financial charges | 65/66B | €96 | €100 | +€4 | +4.2% |
| Recurring financial charges | 65 | €96 | €100 | +€4 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €44,427 | €73,831 | +€29,404 | +66.2% |
| Income taxes | 67/77 | €15,983 | €24,828 | +€8,845 | +55.3% |
| Profit (loss) for the period | 9904 | €28,444 | €49,003 | +€20,559 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,444 | €49,003 | +€20,559 | +72.3% |
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 13 October 2026 via checked.be.