Concanon: 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.
Concanon
Largest movements
- Receivables within one year +€85,970
up €85,970 (+27.8%), from €309,433 to €395,402
of which Other amounts receivable: +€97,921
- Cash -€68,023
down €68,023 (-88.8%), from €76,577 to €8,554
mainly Accrued charges and deferred income (-€92,415) and Receivables within one year (-€85,970)
- Deferred charges and accrued income +€5,009
new in 2025: €5,009
- Accrued charges and deferred income -€92,415
no longer reported in 2025 (was €92,415)
- Profit (loss) carried forward +€87,316
up €87,316 (+118.3%), from €73,834 to €161,150
- Other debts +€35,945
up €35,945 (+22.0%), from €163,274 to €199,220
- Tax, wage and social debts -€7,335
down €7,335 (-15.6%), from €47,153 to €39,819
of which Taxes: -€13,632
- Staff costs -€133,441
down €133,441 (-35.7%), from €373,712 to €240,270
- Gross operating margin -€77,366
down €77,366 (-18.4%), from €419,571 to €342,205
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 | €390,265 | €411,206 | +€20,940 | +5.4% |
| Fixed assets | 21/28 | €4,255 | €2,240 | -€2,015 | -47.4% |
| Tangible fixed assets | 22/27 | €4,035 | €2,240 | -€1,795 | -44.5% |
| Furniture and vehicles | 24 | €4,035 | €2,240 | -€1,795 | -44.5% |
| Financial fixed assets | 28 | €220 | - | -€220 | |
| Current assets | 29/58 | €386,010 | €408,966 | +€22,956 | +5.9% |
| Amounts receivable within one year | 40/41 | €309,433 | €395,402 | +€85,970 | +27.8% |
| Trade receivables | 40 | €11,951 | €0 | -€11,951 | -100.0% |
| Other amounts receivable | 41 | €297,482 | €395,402 | +€97,921 | +32.9% |
| Cash at bank and in hand | 54/58 | €76,577 | €8,554 | -€68,023 | -88.8% |
| Deferred charges and accrued income | 490/1 | - | €5,009 | +€5,009 | |
| Total equity and liabilities | 10/49 | €390,265 | €411,206 | +€20,940 | +5.4% |
| Equity | 10/15 | €83,834 | €171,150 | +€87,316 | +104.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,834 | €161,150 | +€87,316 | +118.3% |
| Amounts payable | 17/49 | €306,431 | €240,056 | -€66,376 | -21.7% |
| Amounts payable within one year | 42/48 | €214,016 | €240,056 | +€26,039 | +12.2% |
| Trade debts | 44 | €3,589 | €1,017 | -€2,571 | -71.7% |
| Suppliers | 440/4 | €3,589 | €1,017 | -€2,571 | -71.7% |
| Taxes, remuneration and social security | 45 | €47,153 | €39,819 | -€7,335 | -15.6% |
| Taxes | 450/3 | €13,632 | - | -€13,632 | |
| Remuneration and social security | 454/9 | €33,522 | €39,819 | +€6,297 | +18.8% |
| Other amounts payable | 47/48 | €163,274 | €199,220 | +€35,945 | +22.0% |
| Accrued charges and deferred income | 492/3 | €92,415 | - | -€92,415 | |
| Remuneration, social security and pensions | 62 | €373,712 | €240,270 | -€133,441 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €1,795 | +€0 | 0.0% |
| Gross operating margin | 9900 | €419,571 | €342,205 | -€77,366 | -18.4% |
| Operating profit (loss) | 9901 | €44,064 | €100,139 | +€56,075 | +127.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,073 | €58 | -€2,015 | -97.2% |
| Recurring financial charges | 65 | €2,073 | €58 | -€2,015 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €41,992 | €100,081 | +€58,089 | +138.3% |
| Income taxes | 67/77 | €12,765 | €12,765 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €29,227 | €87,316 | +€58,089 | +198.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,227 | €87,316 | +€58,089 | +198.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 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.