AS CONCEPT WINDOWS: 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.
AS CONCEPT WINDOWS
Largest movements
- Tangible fixed assets -€38,087
down €38,087 (-94.7%), from €40,214 to €2,128
of which Furniture and vehicles: -€37,658
- Receivables within one year -€31,334
down €31,334 (-54.9%), from €57,042 to €25,708
of which Trade receivables: -€24,219
- Cash +€6,802
up €6,802 (+21.9%), from €31,010 to €37,811
- Debts after one year -€25,745
down €25,745 (-78.2%), from €32,916 to €7,172
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward -€10,877
down €10,877 (-59.2%), from €18,382 to €7,504
- Current portion of long-term debt -€7,547
down €7,547 (-39.9%), from €18,898 to €11,351
- Gross operating margin -€48,074
down €48,074 (-66.5%), from €72,301 to €24,227
- Depreciation -€9,494
down €9,494 (-39.9%), from €23,791 to €14,296
- Taxes -€8,104
down €8,104 (-75.3%), from €10,768 to €2,664
- Financial charges +€763
up €763 (+28.5%), from €2,679 to €3,442
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,677 | €66,301 | -€63,376 | -48.9% |
| Fixed assets | 21/28 | €40,214 | €2,128 | -€38,087 | -94.7% |
| Tangible fixed assets | 22/27 | €40,214 | €2,128 | -€38,087 | -94.7% |
| Plant, machinery and equipment | 23 | €429 | - | -€429 | |
| Furniture and vehicles | 24 | €39,786 | €2,128 | -€37,658 | -94.7% |
| Current assets | 29/58 | €89,463 | €64,173 | -€25,289 | -28.3% |
| Amounts receivable within one year | 40/41 | €57,042 | €25,708 | -€31,334 | -54.9% |
| Trade receivables | 40 | €46,870 | €22,651 | -€24,219 | -51.7% |
| Other amounts receivable | 41 | €10,172 | €3,057 | -€7,115 | -69.9% |
| Cash at bank and in hand | 54/58 | €31,010 | €37,811 | +€6,802 | +21.9% |
| Deferred charges and accrued income | 490/1 | €1,411 | €654 | -€757 | -53.7% |
| Total equity and liabilities | 10/49 | €129,677 | €66,301 | -€63,376 | -48.9% |
| Equity | 10/15 | €33,382 | €22,504 | -€10,877 | -32.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,382 | €7,504 | -€10,877 | -59.2% |
| Amounts payable | 17/49 | €96,295 | €43,797 | -€52,499 | -54.5% |
| Amounts payable after more than one year | 17 | €32,916 | €7,172 | -€25,745 | -78.2% |
| Financial debts | 170/4 | €32,916 | €7,172 | -€25,745 | -78.2% |
| Amounts payable within one year | 42/48 | €63,379 | €36,625 | -€26,754 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €18,898 | €11,351 | -€7,547 | -39.9% |
| Trade debts | 44 | €464 | €1,407 | +€943 | +203.3% |
| Suppliers | 440/4 | €464 | €1,407 | +€943 | +203.3% |
| Taxes, remuneration and social security | 45 | €24,017 | €23,867 | -€150 | -0.6% |
| Taxes | 450/3 | €24,017 | €21,867 | -€2,150 | -9.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,791 | €14,296 | -€9,494 | -39.9% |
| Other operating charges | 640/8 | €2,128 | €2,715 | +€587 | +27.6% |
| Non-recurring operating charges | 66A | - | €2,828 | +€2,828 | |
| Gross operating margin | 9900 | €72,301 | €24,227 | -€48,074 | -66.5% |
| Operating profit (loss) | 9901 | €46,383 | €4,388 | -€41,994 | -90.5% |
| Financial income | 75/76B | €154 | €58 | -€96 | -62.1% |
| Recurring financial income | 75 | €154 | €58 | -€96 | -62.1% |
| Financial charges | 65/66B | €2,679 | €3,442 | +€763 | +28.5% |
| Recurring financial charges | 65 | €2,679 | €3,442 | +€763 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €43,858 | €1,005 | -€42,853 | -97.7% |
| Income taxes | 67/77 | €10,768 | €2,664 | -€8,104 | -75.3% |
| Profit (loss) for the period | 9904 | €33,090 | -€1,659 | -€34,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,090 | -€1,659 | -€34,749 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 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.