THEUX ASSURANCES: 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.
THEUX ASSURANCES
Largest movements
- Tangible fixed assets -€76,686
down €76,686 (-16.9%), from €454,630 to €377,944
of which Furniture and vehicles: -€58,507
- Cash -€37,857
down €37,857 (-11.6%), from €325,234 to €287,377
mainly Contributions, distributions and other (-€289,500) and Debts after one year (-€33,778)
- Receivables within one year -€11,719
down €11,719 (-26.2%), from €44,784 to €33,066
of which Trade receivables: -€6,756
- Other debts +€151,500
up €151,500 (+433%), from €35,000 to €186,500
- Profit (loss) carried forward -€149,429
down €149,429 (-76.5%), from €195,301 to €45,872
- Reserves -€68,744
down €68,744 (-20.0%), from €342,902 to €274,158
of which Distributable reserves: -€63,500
- Debts after one year -€33,778
down €33,778 (-22.3%), from €151,540 to €117,762
- Tax, wage and social debts -€23,744
down €23,744 (-56.7%), from €41,890 to €18,145
of which Taxes: -€19,218
- Depreciation +€16,907
up €16,907 (+25.6%), from €65,923 to €82,830
- Financial income -€6,475
down €6,475 (-99.9%), from €6,478 to €4
- Taxes -€5,654
down €5,654 (-13.9%), from €40,672 to €35,018
- Other operating charges +€3,524
up €3,524 (+90.9%), from €3,876 to €7,400
- Gross operating margin +€2,588
up €2,588 (+1.0%), from €250,966 to €253,554
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 | €833,015 | €705,161 | -€127,854 | -15.3% |
| Fixed assets | 21/28 | €454,630 | €377,944 | -€76,686 | -16.9% |
| Tangible fixed assets | 22/27 | €454,630 | €377,944 | -€76,686 | -16.9% |
| Land and buildings | 22 | €219,914 | €202,355 | -€17,559 | -8.0% |
| Furniture and vehicles | 24 | €233,956 | €175,448 | -€58,507 | -25.0% |
| Other tangible fixed assets | 26 | €761 | €141 | -€620 | -81.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €378,385 | €327,217 | -€51,168 | -13.5% |
| Amounts receivable within one year | 40/41 | €44,784 | €33,066 | -€11,719 | -26.2% |
| Trade receivables | 40 | €6,756 | - | -€6,756 | |
| Other amounts receivable | 41 | €38,029 | €33,066 | -€4,963 | -13.1% |
| Cash at bank and in hand | 54/58 | €325,234 | €287,377 | -€37,857 | -11.6% |
| Deferred charges and accrued income | 490/1 | €8,366 | €6,774 | -€1,592 | -19.0% |
| Total equity and liabilities | 10/49 | €833,015 | €705,161 | -€127,854 | -15.3% |
| Equity | 10/15 | €556,803 | €338,630 | -€218,173 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,902 | €274,158 | -€68,744 | -20.0% |
| Tax-exempt reserves | 132 | €25,402 | €20,158 | -€5,244 | -20.6% |
| Distributable reserves | 133 | €317,500 | €254,000 | -€63,500 | -20.0% |
| Profit (loss) carried forward | 14 | €195,301 | €45,872 | -€149,429 | -76.5% |
| Provisions and deferred taxes | 16 | €8,467 | €6,719 | -€1,748 | -20.6% |
| Deferred taxes | 168 | €8,467 | €6,719 | -€1,748 | -20.6% |
| Amounts payable | 17/49 | €267,745 | €359,812 | +€92,067 | +34.4% |
| Amounts payable after more than one year | 17 | €151,540 | €117,762 | -€33,778 | -22.3% |
| Financial debts | 170/4 | €151,540 | €117,762 | -€33,778 | -22.3% |
| Amounts payable within one year | 42/48 | €116,204 | €242,049 | +€125,845 | +108% |
| Current portion of amounts payable after more than one year | 42 | €33,178 | €33,801 | +€623 | +1.9% |
| Trade debts | 44 | €6,137 | €3,604 | -€2,534 | -41.3% |
| Suppliers | 440/4 | €6,137 | €3,604 | -€2,534 | -41.3% |
| Taxes, remuneration and social security | 45 | €41,890 | €18,145 | -€23,744 | -56.7% |
| Taxes | 450/3 | €29,226 | €10,007 | -€19,218 | -65.8% |
| Remuneration and social security | 454/9 | €12,664 | €8,138 | -€4,526 | -35.7% |
| Other amounts payable | 47/48 | €35,000 | €186,500 | +€151,500 | +433% |
| Remuneration, social security and pensions | 62 | €56,036 | €53,988 | -€2,048 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,923 | €82,830 | +€16,907 | +25.6% |
| Other operating charges | 640/8 | €3,876 | €7,400 | +€3,524 | +90.9% |
| Gross operating margin | 9900 | €250,966 | €253,554 | +€2,588 | +1.0% |
| Operating profit (loss) | 9901 | €125,132 | €109,336 | -€15,796 | -12.6% |
| Financial income | 75/76B | €6,478 | €4 | -€6,475 | -99.9% |
| Recurring financial income | 75 | €6,478 | €4 | -€6,475 | -99.9% |
| Financial charges | 65/66B | €4,741 | €4,743 | +€2 | 0.0% |
| Recurring financial charges | 65 | €4,741 | €4,743 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €126,869 | €104,597 | -€22,272 | -17.6% |
| Transfer from deferred taxes | 780 | €1,808 | €1,748 | -€60 | -3.3% |
| Income taxes | 67/77 | €40,672 | €35,018 | -€5,654 | -13.9% |
| Profit (loss) for the period | 9904 | €88,006 | €71,327 | -€16,679 | -19.0% |
| Transfer from tax-exempt reserves | 789 | €5,425 | €5,244 | -€181 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,431 | €76,571 | -€16,859 | -18.0% |
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 26 October 2026 via checked.be.