S ASSUR: what changed
Two fiscal 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.
S ASSUR
Largest movements
- Receivables within one year +€20,170
up €20,170 (+13.0%), from €155,010 to €175,180
of which Other amounts receivable: +€13,565
- Tangible fixed assets -€17,860
down €17,860 (-31.3%), from €57,087 to €39,227
- Intangible fixed assets -€16,000
down €16,000 (-25.0%), from €64,000 to €48,000
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
- Debts after one year -€17,488
down €17,488 (-21.2%), from €82,520 to €65,032
- Profit (loss) carried forward +€13,256
up €13,256 (+25.7%), from €51,563 to €64,820
- Current portion of long-term debt +€11,678
up €11,678 (+50.0%), from €23,378 to €35,055
- Trade debts +€8,912
up €8,912 (+22.1%), from €40,379 to €49,290
- Depreciation +€9,967
up €9,967 (+33.3%), from €29,893 to €39,860
- Gross operating margin -€5,217
down €5,217 (-6.5%), from €80,808 to €75,590
- Taxes +€3,365
up €3,365 (+86.0%), from €3,911 to €7,276
- Financial charges -€3,046
down €3,046 (-25.0%), from €12,172 to €9,126
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,454 | €269,274 | -€13,180 | -4.7% |
| Fixed assets | 21/28 | €125,662 | €91,877 | -€33,785 | -26.9% |
| Intangible fixed assets | 21 | €64,000 | €48,000 | -€16,000 | -25.0% |
| Tangible fixed assets | 22/27 | €57,087 | €39,227 | -€17,860 | -31.3% |
| Furniture and vehicles | 24 | €57,087 | €39,227 | -€17,860 | -31.3% |
| Financial fixed assets | 28 | €4,575 | €4,650 | +€75 | +1.6% |
| Current assets | 29/58 | €156,792 | €177,397 | +€20,605 | +13.1% |
| Amounts receivable within one year | 40/41 | €155,010 | €175,180 | +€20,170 | +13.0% |
| Trade receivables | 40 | €13,895 | €20,500 | +€6,605 | +47.5% |
| Other amounts receivable | 41 | €141,115 | €154,680 | +€13,565 | +9.6% |
| Deferred charges and accrued income | 490/1 | €1,782 | €2,217 | +€435 | +24.4% |
| Total equity and liabilities | 10/49 | €282,454 | €269,274 | -€13,180 | -4.7% |
| Equity | 10/15 | €70,113 | €83,370 | +€13,256 | +18.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,563 | €64,820 | +€13,256 | +25.7% |
| Amounts payable | 17/49 | €212,341 | €185,905 | -€26,436 | -12.4% |
| Amounts payable after more than one year | 17 | €82,520 | €65,032 | -€17,488 | -21.2% |
| Financial debts | 170/4 | €82,520 | €65,032 | -€17,488 | -21.2% |
| Amounts payable within one year | 42/48 | €128,300 | €120,872 | -€7,428 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €23,378 | €35,055 | +€11,678 | +50.0% |
| Financial debts | 43 | €37,044 | €34,027 | -€3,017 | -8.1% |
| Credit institutions | 430/8 | €37,044 | €34,027 | -€3,017 | -8.1% |
| Trade debts | 44 | €40,379 | €49,290 | +€8,912 | +22.1% |
| Suppliers | 440/4 | €40,379 | €49,290 | +€8,912 | +22.1% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Taxes | 450/3 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €1,520 | - | -€1,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,893 | €39,860 | +€9,967 | +33.3% |
| Other operating charges | 640/8 | €5,399 | €6,074 | +€675 | +12.5% |
| Gross operating margin | 9900 | €80,808 | €75,590 | -€5,217 | -6.5% |
| Operating profit (loss) | 9901 | €45,515 | €29,656 | -€15,859 | -34.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €12,172 | €9,126 | -€3,046 | -25.0% |
| Recurring financial charges | 65 | €12,172 | €9,126 | -€3,046 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €33,343 | €20,532 | -€12,811 | -38.4% |
| Income taxes | 67/77 | €3,911 | €7,276 | +€3,365 | +86.0% |
| Profit (loss) for the period | 9904 | €29,432 | €13,256 | -€16,175 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,432 | €13,256 | -€16,175 | -55.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.