Richard ASSAKER: what changed
Richard ASSAKER
Largest movements
- Cash -€9,024
down €9,024 (-5.6%), from €159,891 to €150,867
mainly Tax, wage and social debts (-€33,635) and Investment in fixed assets (net) (-€26,761)
- Receivables within one year -€5,187
down €5,187 (-28.0%), from €18,553 to €13,366
of which Trade receivables: -€7,992
- Tangible fixed assets +€2,678
up €2,678 (+3.5%), from €76,163 to €78,841
- Tax, wage and social debts -€33,635
down €33,635 (-100%), from €33,635 to €0
- Reserves +€29,714
up €29,714 (+14.2%), from €209,503 to €239,216
- Other debts -€4,139
down €4,139 (-100%), from €4,139 to €0
- Trade debts -€3,091
down €3,091 (-48.2%), from €6,413 to €3,322
- Gross operating margin -€28,708
down €28,708 (-31.6%), from €90,719 to €62,011
- Taxes -€6,557
down €6,557 (-45.0%), from €14,574 to €8,017
- Depreciation +€4,870
up €4,870 (+25.3%), from €19,213 to €24,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,690 | €243,539 | -€11,151 | -4.4% |
| Fixed assets | 21/28 | €76,163 | €78,841 | +€2,678 | +3.5% |
| Tangible fixed assets | 22/27 | €76,163 | €78,841 | +€2,678 | +3.5% |
| Furniture and vehicles | 24 | €76,163 | €78,841 | +€2,678 | +3.5% |
| Current assets | 29/58 | €178,527 | €164,698 | -€13,830 | -7.7% |
| Amounts receivable within one year | 40/41 | €18,553 | €13,366 | -€5,187 | -28.0% |
| Trade receivables | 40 | €8,130 | €138 | -€7,992 | -98.3% |
| Other amounts receivable | 41 | €10,423 | €13,228 | +€2,805 | +26.9% |
| Cash at bank and in hand | 54/58 | €159,891 | €150,867 | -€9,024 | -5.6% |
| Deferred charges and accrued income | 490/1 | €83 | €465 | +€381 | +457% |
| Total equity and liabilities | 10/49 | €254,690 | €243,539 | -€11,151 | -4.4% |
| Equity | 10/15 | €210,503 | €240,216 | +€29,714 | +14.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €209,503 | €239,216 | +€29,714 | +14.2% |
| Distributable reserves | 133 | €209,503 | €239,216 | +€29,714 | +14.2% |
| Amounts payable | 17/49 | €44,187 | €3,322 | -€40,865 | -92.5% |
| Amounts payable within one year | 42/48 | €44,187 | €3,322 | -€40,865 | -92.5% |
| Trade debts | 44 | €6,413 | €3,322 | -€3,091 | -48.2% |
| Suppliers | 440/4 | €6,413 | €3,322 | -€3,091 | -48.2% |
| Taxes, remuneration and social security | 45 | €33,635 | €0 | -€33,635 | -100% |
| Taxes | 450/3 | €33,635 | €0 | -€33,635 | -100% |
| Other amounts payable | 47/48 | €4,139 | €0 | -€4,139 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,213 | €24,083 | +€4,870 | +25.3% |
| Other operating charges | 640/8 | €229 | €67 | -€162 | -70.7% |
| Gross operating margin | 9900 | €90,719 | €62,011 | -€28,708 | -31.6% |
| Operating profit (loss) | 9901 | €71,277 | €37,862 | -€33,416 | -46.9% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €71,160 | €37,731 | -€33,430 | -47.0% |
| Income taxes | 67/77 | €14,574 | €8,017 | -€6,557 | -45.0% |
| Profit (loss) for the period | 9904 | €56,587 | €29,714 | -€26,873 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,587 | €29,714 | -€26,873 | -47.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.