AT CONCEPT: 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.
AT CONCEPT
Largest movements
- Tangible fixed assets +€619,636
up €619,636 (+174.5%), from €355,133 to €974,770
of which Land and buildings: +€620,549
- Other debts +€674,947
up €674,947 (+282.1%), from €239,274 to €914,221
- Profit (loss) carried forward -€40,262
down €40,262 (-932.9%), from -€4,316 to -€44,578
- Debts after one year -€17,308
down €17,308 (-9.8%), from €175,961 to €158,654
- Depreciation +€99,475
up €99,475 (+922.3%), from €10,786 to €110,261
- Gross operating margin +€5,866
up €5,866 (+7.7%), from €75,982 to €81,848
- Financial charges -€3,387
down €3,387 (-36.9%), from €9,174 to €5,787
- Other operating charges +€2,106
up €2,106 (+53.3%), from €3,955 to €6,062
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 | €438,745 | €1,050,913 | +€612,167 | +139.5% |
| Fixed assets | 21/28 | €355,133 | €974,770 | +€619,636 | +174.5% |
| Tangible fixed assets | 22/27 | €355,133 | €974,770 | +€619,636 | +174.5% |
| Land and buildings | 22 | €354,043 | €974,593 | +€620,549 | +175.3% |
| Furniture and vehicles | 24 | €1,090 | €177 | -€913 | -83.7% |
| Current assets | 29/58 | €83,612 | €76,143 | -€7,469 | -8.9% |
| Amounts receivable within one year | 40/41 | €0 | €2,020 | +€2,020 | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €2,020 | +€2,020 | |
| Cash at bank and in hand | 54/58 | €83,507 | €74,014 | -€9,492 | -11.4% |
| Deferred charges and accrued income | 490/1 | €105 | €109 | +€3 | +3.2% |
| Total equity and liabilities | 10/49 | €438,745 | €1,050,913 | +€612,167 | +139.5% |
| Equity | 10/15 | €684 | -€39,578 | -€40,262 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,316 | -€44,578 | -€40,262 | -932.9% |
| Amounts payable | 17/49 | €438,061 | €1,090,491 | +€652,429 | +148.9% |
| Amounts payable after more than one year | 17 | €175,961 | €158,654 | -€17,308 | -9.8% |
| Financial debts | 170/4 | €175,961 | €158,654 | -€17,308 | -9.8% |
| Amounts payable within one year | 42/48 | €262,100 | €931,837 | +€669,737 | +255.5% |
| Current portion of amounts payable after more than one year | 42 | €17,308 | €17,308 | = | 0.0% |
| Trade debts | 44 | €387 | €10 | -€377 | -97.4% |
| Suppliers | 440/4 | €387 | €10 | -€377 | -97.4% |
| Taxes, remuneration and social security | 45 | €5,131 | €298 | -€4,833 | -94.2% |
| Taxes | 450/3 | €5,131 | €298 | -€4,833 | -94.2% |
| Other amounts payable | 47/48 | €239,274 | €914,221 | +€674,947 | +282.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,786 | €110,261 | +€99,475 | +922.3% |
| Other operating charges | 640/8 | €3,955 | €6,062 | +€2,106 | +53.3% |
| Gross operating margin | 9900 | €75,982 | €81,848 | +€5,866 | +7.7% |
| Operating profit (loss) | 9901 | €61,241 | -€34,475 | -€95,715 | |
| Financial charges | 65/66B | €9,174 | €5,787 | -€3,387 | -36.9% |
| Recurring financial charges | 65 | €9,174 | €5,787 | -€3,387 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €52,067 | -€40,262 | -€92,328 | |
| Profit (loss) for the period | 9904 | €52,067 | -€40,262 | -€92,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,067 | -€40,262 | -€92,328 |
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 9 October 2026 via checked.be.