ROBERT 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.
ROBERT ASSUR
Largest movements
- Cash +€66,874
up €66,874 (+156%), from €42,859 to €109,733
mainly Net result for the year (+€95,170) and Other debts (+€76,815)
- Receivables within one year +€19,329
up €19,329 (+50.3%), from €38,432 to €57,761
of which Other amounts receivable: +€16,229
- Tangible fixed assets +€14,936
up €14,936 (+183%), from €8,183 to €23,119
of which Furniture and vehicles: +€16,427
- Intangible fixed assets -€14,429
down €14,429 (-18.0%), from €80,254 to €65,826
- Deferred charges and accrued income -€3,914
down €3,914 (-40.7%), from €9,617 to €5,703
- Other debts +€76,815
up €76,815 (+583%), from €13,185 to €90,000
- Accrued charges and deferred income +€16,279
up €16,279 (+590%), from €2,761 to €19,040
- Debts after one year -€10,727
down €10,727 (-16.4%), from €65,487 to €54,760
- Trade debts -€5,294
down €5,294 (-39.5%), from €13,392 to €8,097
- Reserves +€5,170
new in 2025: €5,170
- Gross operating margin +€89,476
up €89,476 (+81.4%), from €109,958 to €199,434
- Taxes +€22,466
up €22,466 (+175%), from €12,855 to €35,322
- Financial income +€4,377
up €4,377 (+42,622%), from €10 to €4,388
of which Financial income: +€4,377
- Staff costs +€4,119
up €4,119 (+9.4%), from €43,721 to €47,840
- Write-downs +€2,050
new in 2025: €2,050
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 | €179,346 | €262,143 | +€82,797 | +46.2% |
| Fixed assets | 21/28 | €88,438 | €88,945 | +€507 | +0.6% |
| Intangible fixed assets | 21 | €80,254 | €65,826 | -€14,429 | -18.0% |
| Tangible fixed assets | 22/27 | €8,183 | €23,119 | +€14,936 | +183% |
| Plant, machinery and equipment | 23 | €7,921 | €6,430 | -€1,491 | -18.8% |
| Furniture and vehicles | 24 | €262 | €16,689 | +€16,427 | +6,267% |
| Current assets | 29/58 | €90,908 | €173,198 | +€82,289 | +90.5% |
| Amounts receivable within one year | 40/41 | €38,432 | €57,761 | +€19,329 | +50.3% |
| Trade receivables | 40 | €36,036 | €39,136 | +€3,101 | +8.6% |
| Other amounts receivable | 41 | €2,396 | €18,625 | +€16,229 | +677% |
| Cash at bank and in hand | 54/58 | €42,859 | €109,733 | +€66,874 | +156% |
| Deferred charges and accrued income | 490/1 | €9,617 | €5,703 | -€3,914 | -40.7% |
| Total equity and liabilities | 10/49 | €179,346 | €262,143 | +€82,797 | +46.2% |
| Equity | 10/15 | €68,600 | €73,770 | +€5,170 | +7.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | - | €5,170 | +€5,170 | |
| Distributable reserves | 133 | - | €5,170 | +€5,170 | |
| Amounts payable | 17/49 | €110,746 | €188,373 | +€77,627 | +70.1% |
| Amounts payable after more than one year | 17 | €65,487 | €54,760 | -€10,727 | -16.4% |
| Financial debts | 170/4 | €65,487 | €54,760 | -€10,727 | -16.4% |
| Amounts payable within one year | 42/48 | €42,497 | €114,573 | +€72,075 | +170% |
| Current portion of amounts payable after more than one year | 42 | €10,326 | €10,727 | +€402 | +3.9% |
| Trade debts | 44 | €13,392 | €8,097 | -€5,294 | -39.5% |
| Suppliers | 440/4 | €13,392 | €8,097 | -€5,294 | -39.5% |
| Taxes, remuneration and social security | 45 | €5,595 | €5,749 | +€154 | +2.7% |
| Taxes | 450/3 | €479 | - | -€479 | |
| Remuneration and social security | 454/9 | €5,116 | €5,749 | +€633 | +12.4% |
| Other amounts payable | 47/48 | €13,185 | €90,000 | +€76,815 | +583% |
| Accrued charges and deferred income | 492/3 | €2,761 | €19,040 | +€16,279 | +590% |
| Remuneration, social security and pensions | 62 | €43,721 | €47,840 | +€4,119 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,361 | €18,956 | +€1,594 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,050 | +€2,050 | |
| Other operating charges | 640/8 | €1,722 | €923 | -€799 | -46.4% |
| Gross operating margin | 9900 | €109,958 | €199,434 | +€89,476 | +81.4% |
| Operating profit (loss) | 9901 | €47,154 | €129,666 | +€82,512 | +175% |
| Financial income | 75/76B | €10 | €4,388 | +€4,377 | +42,622% |
| Recurring financial income | 75 | €10 | €4,388 | +€4,377 | +42,622% |
| Non-recurring financial income | 76B | €10 | €4,388 | +€4,377 | +42,622% |
| Financial charges | 65/66B | €2,812 | €3,562 | +€750 | +26.7% |
| Recurring financial charges | 65 | €2,812 | €3,562 | +€750 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €44,352 | €130,491 | +€86,139 | +194% |
| Income taxes | 67/77 | €12,855 | €35,322 | +€22,466 | +175% |
| Profit (loss) for the period | 9904 | €31,497 | €95,170 | +€63,673 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €31,497 | €95,170 | +€63,673 | +202% |
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 24 October 2026 via checked.be.