SO 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.
SO ASSUR
Largest movements
- Tangible fixed assets +€71,083
up €71,083 (+5.5%), from €1.3m to €1.4m
of which Other tangible fixed assets: +€97,873
- Deferred charges and accrued income -€41,547
down €41,547 (-70.7%), from €58,743 to €17,196
- Receivables within one year +€17,240
up €17,240 (+25.8%), from €66,872 to €84,112
of which Trade receivables: +€10,361
- Debts after one year +€230,176
up €230,176 (+22.2%), from €1.0m to €1.3m
- Profit (loss) carried forward -€108,940
new in 2025: -€108,940
- Reserves -€52,604
no longer reported in 2025 (was €52,604)
- Current portion of long-term debt -€19,266
down €19,266 (-18.9%), from €101,722 to €82,456
- Gross operating margin -€125,501
down €125,501 (-33.6%), from €373,945 to €248,444
- Staff costs -€7,586
down €7,586 (-2.8%), from €271,638 to €264,053
- Financial charges +€6,739
up €6,739 (+12.2%), from €55,314 to €62,053
- Depreciation +€6,284
up €6,284 (+9.5%), from €66,034 to €72,317
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 | €1,424,663 | €1,483,861 | +€59,197 | +4.2% |
| Fixed assets | 21/28 | €1,284,237 | €1,355,319 | +€71,083 | +5.5% |
| Tangible fixed assets | 22/27 | €1,282,887 | €1,353,969 | +€71,083 | +5.5% |
| Land and buildings | 22 | €546,955 | €527,035 | -€19,920 | -3.6% |
| Furniture and vehicles | 24 | €24,364 | €17,494 | -€6,870 | -28.2% |
| Other tangible fixed assets | 26 | €711,568 | €809,441 | +€97,873 | +13.8% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €140,426 | €128,541 | -€11,885 | -8.5% |
| Amounts receivable within one year | 40/41 | €66,872 | €84,112 | +€17,240 | +25.8% |
| Trade receivables | 40 | - | €10,361 | +€10,361 | |
| Other amounts receivable | 41 | €66,872 | €73,752 | +€6,880 | +10.3% |
| Cash at bank and in hand | 54/58 | €14,812 | €27,233 | +€12,421 | +83.9% |
| Deferred charges and accrued income | 490/1 | €58,743 | €17,196 | -€41,547 | -70.7% |
| Total equity and liabilities | 10/49 | €1,424,663 | €1,483,861 | +€59,197 | +4.2% |
| Equity | 10/15 | €72,604 | -€88,940 | -€161,544 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,604 | - | -€52,604 | |
| Distributable reserves | 133 | €52,604 | - | -€52,604 | |
| Profit (loss) carried forward | 14 | - | -€108,940 | -€108,940 | |
| Amounts payable | 17/49 | €1,352,060 | €1,572,801 | +€220,741 | +16.3% |
| Amounts payable after more than one year | 17 | €1,038,399 | €1,268,576 | +€230,176 | +22.2% |
| Financial debts | 170/4 | €1,038,399 | €1,268,576 | +€230,176 | +22.2% |
| Amounts payable within one year | 42/48 | €313,660 | €304,225 | -€9,435 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €101,722 | €82,456 | -€19,266 | -18.9% |
| Trade debts | 44 | €3,190 | €2,297 | -€894 | -28.0% |
| Suppliers | 440/4 | €3,190 | €2,297 | -€894 | -28.0% |
| Taxes, remuneration and social security | 45 | €55,814 | €59,293 | +€3,479 | +6.2% |
| Taxes | 450/3 | €2,297 | €7,901 | +€5,604 | +244% |
| Remuneration and social security | 454/9 | €53,517 | €51,392 | -€2,124 | -4.0% |
| Other amounts payable | 47/48 | €152,934 | €160,180 | +€7,246 | +4.7% |
| Remuneration, social security and pensions | 62 | €271,638 | €264,053 | -€7,586 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,034 | €72,317 | +€6,284 | +9.5% |
| Other operating charges | 640/8 | €9,868 | €11,425 | +€1,557 | +15.8% |
| Gross operating margin | 9900 | €373,945 | €248,444 | -€125,501 | -33.6% |
| Operating profit (loss) | 9901 | €26,405 | -€99,351 | -€125,757 | |
| Financial income | 75/76B | €372 | €24 | -€348 | -93.5% |
| Recurring financial income | 75 | €372 | €24 | -€348 | -93.5% |
| Financial charges | 65/66B | €55,314 | €62,053 | +€6,739 | +12.2% |
| Recurring financial charges | 65 | €55,314 | €62,053 | +€6,739 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,536 | -€161,380 | -€132,844 | -466% |
| Income taxes | 67/77 | -€1 | €164 | +€165 | |
| Profit (loss) for the period | 9904 | -€28,535 | -€161,544 | -€133,009 | -466% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,535 | -€161,544 | -€133,009 | -466% |
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 25 October 2026 via checked.be.