MD 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.
MD ASSURFINANCE
Largest movements
- Receivables within one year +€126,385
up €126,385 (+505%), from €25,025 to €151,409
of which Other amounts receivable: +€101,314
- Financial fixed assets +€15,336
up €15,336 (+43.1%), from €35,610 to €50,946
- Tangible fixed assets -€12,694
down €12,694 (-55.4%), from €22,919 to €10,225
of which Furniture and vehicles: -€11,778
- Current investments +€12,000
up €12,000 (+171%), from €7,000 to €19,000
- Cash -€3,787
down €3,787 (-7.8%), from €48,444 to €44,657
mainly Receivables within one year (-€126,385) and Contributions, distributions and other (-€119,484)
- Other debts +€117,944
up €117,944 (+7,657%), from €1,540 to €119,484
- Reserves -€64,863
down €64,863 (-54.3%), from €119,484 to €54,621
- Trade debts +€36,314
up €36,314 (+1,258%), from €2,887 to €39,201
- Debts after one year +€22,276
up €22,276 (+340%), from €6,550 to €28,825
- Current portion of long-term debt +€16,626
up €16,626 (+289%), from €5,754 to €22,380
- Financial income +€49,649
up €49,649 (+9,162%), from €542 to €50,191
- Gross operating margin +€8,718
up €8,718 (+31.4%), from €27,790 to €36,508
- Taxes +€7,014
up €7,014 (+160%), from €4,393 to €11,408
- Other operating charges -€1,595
down €1,595 (-45.6%), from €3,500 to €1,905
- Financial charges -€1,286
down €1,286 (-17.6%), from €7,330 to €6,043
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 | €141,783 | €279,004 | +€137,222 | +96.8% |
| Formation expenses | 20 | €27 | - | -€27 | |
| Fixed assets | 21/28 | €58,529 | €61,171 | +€2,642 | +4.5% |
| Tangible fixed assets | 22/27 | €22,919 | €10,225 | -€12,694 | -55.4% |
| Plant, machinery and equipment | 23 | €1,031 | €115 | -€916 | -88.8% |
| Furniture and vehicles | 24 | €21,887 | €10,109 | -€11,778 | -53.8% |
| Financial fixed assets | 28 | €35,610 | €50,946 | +€15,336 | +43.1% |
| Current assets | 29/58 | €83,227 | €217,834 | +€134,607 | +162% |
| Amounts receivable within one year | 40/41 | €25,025 | €151,409 | +€126,385 | +505% |
| Trade receivables | 40 | €10,929 | €36,000 | +€25,071 | +229% |
| Other amounts receivable | 41 | €14,095 | €115,409 | +€101,314 | +719% |
| Current investments | 50/53 | €7,000 | €19,000 | +€12,000 | +171% |
| Cash at bank and in hand | 54/58 | €48,444 | €44,657 | -€3,787 | -7.8% |
| Deferred charges and accrued income | 490/1 | €2,758 | €2,767 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €141,783 | €279,004 | +€137,222 | +96.8% |
| Equity | 10/15 | €122,484 | €57,621 | -€64,863 | -53.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €119,484 | €54,621 | -€64,863 | -54.3% |
| Distributable reserves | 133 | €119,484 | €54,621 | -€64,863 | -54.3% |
| Amounts payable | 17/49 | €19,299 | €221,383 | +€202,084 | +1,047% |
| Amounts payable after more than one year | 17 | €6,550 | €28,825 | +€22,276 | +340% |
| Financial debts | 170/4 | €6,550 | €28,825 | +€22,276 | +340% |
| Amounts payable within one year | 42/48 | €12,749 | €192,558 | +€179,809 | +1,410% |
| Current portion of amounts payable after more than one year | 42 | €5,754 | €22,380 | +€16,626 | +289% |
| Financial debts | 43 | €2,568 | €2,531 | -€37 | -1.4% |
| Credit institutions | 430/8 | €2,568 | €2,531 | -€37 | -1.4% |
| Trade debts | 44 | €2,887 | €39,201 | +€36,314 | +1,258% |
| Suppliers | 440/4 | €2,887 | €39,201 | +€36,314 | +1,258% |
| Taxes, remuneration and social security | 45 | - | €8,962 | +€8,962 | |
| Taxes | 450/3 | - | €5,462 | +€5,462 | |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €1,540 | €119,484 | +€117,944 | +7,657% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,568 | €12,721 | +€1,153 | +10.0% |
| Other operating charges | 640/8 | €3,500 | €1,905 | -€1,595 | -45.6% |
| Gross operating margin | 9900 | €27,790 | €36,508 | +€8,718 | +31.4% |
| Operating profit (loss) | 9901 | €12,722 | €21,882 | +€9,160 | +72.0% |
| Financial income | 75/76B | €542 | €50,191 | +€49,649 | +9,162% |
| Recurring financial income | 75 | €542 | €50,191 | +€49,649 | +9,162% |
| Financial charges | 65/66B | €7,330 | €6,043 | -€1,286 | -17.6% |
| Recurring financial charges | 65 | €7,330 | €6,043 | -€1,286 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €5,934 | €66,029 | +€60,095 | +1,013% |
| Income taxes | 67/77 | €4,393 | €11,408 | +€7,014 | +160% |
| Profit (loss) for the period | 9904 | €1,540 | €54,621 | +€53,081 | +3,446% |
| Profit (loss) for the period to be appropriated | 9905 | €1,540 | €54,621 | +€53,081 | +3,446% |
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.