"A"Concept Interim: 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.
"A"Concept Interim
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-30.7%), from €3.7m to €2.5m
of which Trade receivables: -€1.1m
- Cash -€381,807
down €381,807 (-67.9%), from €562,685 to €180,878
mainly Other debts (-€1.0m) and Short-term financial debts (-€1.0m)
- Tangible fixed assets -€77,423
down €77,423 (-52.3%), from €148,119 to €70,696
of which Other tangible fixed assets: -€65,195
- Other debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €284
- Short-term financial debts -€1.0m
down €1.0m (-99.2%), from €1.0m to €8,408
- Tax, wage and social debts +€508,061
up €508,061 (+41.6%), from €1.2m to €1.7m
of which Remuneration and social security: +€533,726
- Trade debts +€99,323
up €99,323 (+127.0%), from €78,195 to €177,518
- Provisions -€69,200
no longer reported in 2025 (was €69,200)
- Turnover +€1.1m
up €1.1m (+8.1%), from €13.8m to €14.9m
- Staff costs +€1.0m
up €1.0m (+8.3%), from €12.1m to €13.1m
- Services and other goods +€219,841
up €219,841 (+13.3%), from €1.7m to €1.9m
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
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 | €4,369,102 | €2,789,593 | -€1.6m | -36.2% |
| Fixed assets | 21/28 | €148,119 | €70,696 | -€77,423 | -52.3% |
| Tangible fixed assets | 22/27 | €148,119 | €70,696 | -€77,423 | -52.3% |
| Plant, machinery and equipment | 23 | €74 | €1,088 | +€1,015 | +1378.1% |
| Furniture and vehicles | 24 | €41,247 | €28,004 | -€13,242 | -32.1% |
| Other tangible fixed assets | 26 | €106,799 | €41,604 | -€65,195 | -61.0% |
| Current assets | 29/58 | €4,220,983 | €2,718,896 | -€1.5m | -35.6% |
| Amounts receivable within one year | 40/41 | €3,654,827 | €2,531,371 | -€1.1m | -30.7% |
| Trade receivables | 40 | €3,504,675 | €2,449,039 | -€1.1m | -30.1% |
| Other amounts receivable | 41 | €150,151 | €82,332 | -€67,820 | -45.2% |
| Cash at bank and in hand | 54/58 | €562,685 | €180,878 | -€381,807 | -67.9% |
| Deferred charges and accrued income | 490/1 | €3,472 | €6,648 | +€3,176 | +91.5% |
| Total equity and liabilities | 10/49 | €4,369,102 | €2,789,593 | -€1.6m | -36.2% |
| Equity | 10/15 | €934,586 | €872,636 | -€61,950 | -6.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €903,586 | €841,636 | -€61,950 | -6.9% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,164 | €10,164 | = | 0.0% |
| Distributable reserves | 133 | €884,422 | €822,472 | -€61,950 | -7.0% |
| Provisions and deferred taxes | 16 | €69,200 | - | -€69,200 | |
| Provisions for liabilities and charges | 160/5 | €69,200 | - | -€69,200 | |
| Other liabilities and charges | 164/5 | €69,200 | - | -€69,200 | |
| Amounts payable | 17/49 | €3,365,316 | €1,916,956 | -€1.4m | -43.0% |
| Amounts payable within one year | 42/48 | €3,365,316 | €1,916,956 | -€1.4m | -43.0% |
| Financial debts | 43 | €1,028,496 | €8,408 | -€1.0m | -99.2% |
| Credit institutions | 430/8 | €1,028,496 | €8,408 | -€1.0m | -99.2% |
| Trade debts | 44 | €78,195 | €177,518 | +€99,323 | +127.0% |
| Suppliers | 440/4 | €78,195 | €177,518 | +€99,323 | +127.0% |
| Taxes, remuneration and social security | 45 | €1,222,686 | €1,730,747 | +€508,061 | +41.6% |
| Taxes | 450/3 | €262,678 | €237,014 | -€25,665 | -9.8% |
| Remuneration and social security | 454/9 | €960,008 | €1,493,734 | +€533,726 | +55.6% |
| Other amounts payable | 47/48 | €1,035,939 | €284 | -€1.0m | -100.0% |
| Operating income | 70/76A | €13,882,912 | €14,966,621 | +€1.1m | +7.8% |
| Turnover | 70 | €13,784,418 | €14,894,360 | +€1.1m | +8.1% |
| Other operating income | 74 | €98,494 | €72,261 | -€26,233 | -26.6% |
| Operating charges | 60/66A | €13,898,247 | €14,973,298 | +€1.1m | +7.7% |
| Services and other goods | 61 | €1,657,171 | €1,877,012 | +€219,841 | +13.3% |
| Remuneration, social security and pensions | 62 | €12,067,266 | €13,068,133 | +€1.0m | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,394 | €73,908 | -€23,486 | -24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,965 | -€1,701 | +€5,264 | +75.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €69,200 | -€69,200 | -€138,400 | |
| Other operating charges | 640/8 | €12,851 | €21,327 | +€8,476 | +66.0% |
| Non-recurring operating charges | 66A | €1,330 | €3,820 | +€2,491 | +187.3% |
| Operating profit (loss) | 9901 | -€15,335 | -€6,677 | +€8,658 | +56.5% |
| Financial income | 75/76B | €1,046 | €1,090 | +€44 | +4.2% |
| Recurring financial income | 75 | €1,046 | €1,090 | +€44 | +4.2% |
| Income from current assets | 751 | - | €150 | +€150 | |
| Other financial income | 752/9 | €1,046 | €941 | -€105 | -10.0% |
| Financial charges | 65/66B | €74,151 | €37,518 | -€36,633 | -49.4% |
| Recurring financial charges | 65 | €74,151 | €37,518 | -€36,633 | -49.4% |
| Debt charges | 650 | €1,818 | €522 | -€1,296 | -71.3% |
| Other financial charges | 652/9 | €72,333 | €36,996 | -€35,337 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€88,440 | -€43,105 | +€45,335 | +51.3% |
| Income taxes | 67/77 | €1,648 | €18,845 | +€17,197 | +1043.5% |
| Taxes | 670/3 | €1,648 | €18,845 | +€17,197 | +1043.5% |
| Profit (loss) for the period | 9904 | -€90,088 | -€61,950 | +€28,138 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,088 | -€61,950 | +€28,138 | +31.2% |
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 10 October 2026 via checked.be.