IM-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.
IM-ASSUR
Largest movements
- Receivables within one year +€13,151
up €13,151 (+28.6%), from €45,990 to €59,141
- Tangible fixed assets -€9,778
down €9,778 (-59.8%), from €16,350 to €6,572
- Debts after one year -€69,872
down €69,872 (-50.6%), from €138,006 to €68,134
- Reserves +€47,249
up €47,249 (+18.7%), from €252,964 to €300,213
- Current portion of long-term debt +€22,361
up €22,361 (+37.2%), from €60,038 to €82,399
- Other debts +€7,161
up €7,161 (+17.4%), from €41,111 to €48,272
- Gross operating margin -€49,717
down €49,717 (-36.9%), from €134,851 to €85,134
- Taxes -€14,318
down €14,318 (-43.3%), from €33,094 to €18,777
- Depreciation +€4,301
up €4,301 (+78.5%), from €5,476 to €9,778
- Financial charges -€1,469
down €1,469 (-14.7%), from €10,027 to €8,558
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 | €547,287 | €551,844 | +€4,557 | +0.8% |
| Fixed assets | 21/28 | €496,350 | €486,572 | -€9,778 | -2.0% |
| Tangible fixed assets | 22/27 | €16,350 | €6,572 | -€9,778 | -59.8% |
| Furniture and vehicles | 24 | €16,350 | €6,572 | -€9,778 | -59.8% |
| Financial fixed assets | 28 | €480,000 | €480,000 | = | 0.0% |
| Current assets | 29/58 | €50,937 | €65,272 | +€14,335 | +28.1% |
| Amounts receivable within one year | 40/41 | €45,990 | €59,141 | +€13,151 | +28.6% |
| Other amounts receivable | 41 | €45,990 | €59,141 | +€13,151 | +28.6% |
| Cash at bank and in hand | 54/58 | - | €1,024 | +€1,024 | |
| Deferred charges and accrued income | 490/1 | €4,948 | €5,107 | +€160 | +3.2% |
| Total equity and liabilities | 10/49 | €547,287 | €551,844 | +€4,557 | +0.8% |
| Equity | 10/15 | €271,514 | €318,763 | +€47,249 | +17.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €252,964 | €300,213 | +€47,249 | +18.7% |
| Distributable reserves | 133 | €252,964 | €300,213 | +€47,249 | +18.7% |
| Amounts payable | 17/49 | €275,773 | €233,081 | -€42,692 | -15.5% |
| Amounts payable after more than one year | 17 | €138,006 | €68,134 | -€69,872 | -50.6% |
| Financial debts | 170/4 | €138,006 | €68,134 | -€69,872 | -50.6% |
| Amounts payable within one year | 42/48 | €137,767 | €164,947 | +€27,180 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €60,038 | €82,399 | +€22,361 | +37.2% |
| Financial debts | 43 | €5,060 | - | -€5,060 | |
| Credit institutions | 430/8 | €5,060 | - | -€5,060 | |
| Trade debts | 44 | €7,209 | €6,161 | -€1,048 | -14.5% |
| Suppliers | 440/4 | €7,209 | €6,161 | -€1,048 | -14.5% |
| Taxes, remuneration and social security | 45 | €24,349 | €28,115 | +€3,765 | +15.5% |
| Taxes | 450/3 | €24,349 | €28,115 | +€3,765 | +15.5% |
| Other amounts payable | 47/48 | €41,111 | €48,272 | +€7,161 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,476 | €9,778 | +€4,301 | +78.5% |
| Other operating charges | 640/8 | €624 | €774 | +€150 | +24.1% |
| Gross operating margin | 9900 | €134,851 | €85,134 | -€49,717 | -36.9% |
| Operating profit (loss) | 9901 | €128,752 | €74,583 | -€54,168 | -42.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.6% |
| Financial charges | 65/66B | €10,027 | €8,558 | -€1,469 | -14.7% |
| Recurring financial charges | 65 | €10,027 | €8,558 | -€1,469 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €118,728 | €66,026 | -€52,702 | -44.4% |
| Income taxes | 67/77 | €33,094 | €18,777 | -€14,318 | -43.3% |
| Profit (loss) for the period | 9904 | €85,634 | €47,249 | -€38,385 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,634 | €47,249 | -€38,385 | -44.8% |
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 27 October 2026 via checked.be.