CONCELLENT: 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.
What changed
CONCELLENT
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€661,665
2024 · €788,560-€126,895
Equity
€2.6m
2024 · €1.9m+€661,665
Cash
€22,108
2024 · €35,343-€13,234
Balance sheet total
€7.7m
2024 · €7.5m+€121,169
Largest movements
Assets
- Tangible fixed assets +€507,956
up €507,956 (+7.3%), from €7.0m to €7.5m
of which Assets under construction and advance payments: +€319,080
- Current investments -€305,000
down €305,000 (-100.0%), from €305,000 to €0
Equity and liabilities
- Reserves +€661,665
up €661,665 (+44.7%), from €1.5m to €2.1m
of which Distributable reserves: +€345,915
- Other debts -€374,397
down €374,397 (-7.8%), from €4.8m to €4.4m
- Advances received -€181,500
down €181,500 (-100.0%), from €181,500 to €0
- Trade debts +€114,590
up €114,590 (+6806.2%), from €1,684 to €116,274
Income statement
- Gross operating margin -€86,387
down €86,387 (-5.9%), from €1.5m to €1.4m
- Other operating charges +€78,896
up €78,896 (+354.3%), from €22,269 to €101,165
- Taxes -€54,485
down €54,485 (-17.7%), from €308,117 to €253,632
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.
Result 2024
€788,560
Gross operating margin
-€86,387
Depreciation
-€11,927
Other operating charges
-€78,896
Financial income
+€763
Financial charges
-€4,934
Taxes
+€54,485
Result 2025
€661,665
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.
From operations
+€633,946
Investment
-€568,015
Financing
-€79,166
Cash 2024
€35,343
From operations (derived)
+€633,946
Net result for the year
+€661,665
Depreciation
+€325,699
Receivables within one year
+€41,947
Deferred charges and accrued income
+€65,966
Trade debts
+€114,590
Tax, wage and social debts
-€21,496
Advances received
-€181,500
Other debts
-€374,397
Accrued charges and deferred income
+€1,473
Investment (derived)
-€568,015
Investment in fixed assets (net)
-€873,015
Current investments
+€305,000
Financing
-€79,166
Debts after one year
-€49,469
Current portion of long-term debt
-€29,696
Cash 2025
€22,108
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,535,599 | €7,656,768 | +€121,169 | +1.6% |
| Fixed assets | 21/28 | €7,048,250 | €7,595,566 | +€547,316 | +7.8% |
| Tangible fixed assets | 22/27 | €6,972,387 | €7,480,343 | +€507,956 | +7.3% |
| Land and buildings | 22 | €6,264,081 | €6,487,317 | +€223,236 | +3.6% |
| Plant, machinery and equipment | 23 | €8,730 | €620 | -€8,110 | -92.9% |
| Furniture and vehicles | 24 | €71,442 | €45,192 | -€26,249 | -36.7% |
| Other tangible fixed assets | 26 | €5,450 | €5,450 | = | 0.0% |
| Assets under construction and advance payments | 27 | €622,685 | €941,765 | +€319,080 | +51.2% |
| Financial fixed assets | 28 | €75,863 | €115,223 | +€39,360 | +51.9% |
| Current assets | 29/58 | €487,349 | €61,202 | -€426,147 | -87.4% |
| Amounts receivable within one year | 40/41 | €79,366 | €37,419 | -€41,947 | -52.9% |
| Trade receivables | 40 | €46,002 | €37,200 | -€8,801 | -19.1% |
| Other amounts receivable | 41 | €33,365 | €219 | -€33,146 | -99.3% |
| Current investments | 50/53 | €305,000 | €0 | -€305,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €35,343 | €22,108 | -€13,234 | -37.4% |
| Deferred charges and accrued income | 490/1 | €67,640 | €1,675 | -€65,966 | -97.5% |
| Total equity and liabilities | 10/49 | €7,535,599 | €7,656,768 | +€121,169 | +1.6% |
| Equity | 10/15 | €1,943,095 | €2,604,760 | +€661,665 | +34.1% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €1,479,328 | €2,140,992 | +€661,665 | +44.7% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €736,750 | +€315,750 | +75.0% |
| Distributable reserves | 133 | €1,023,328 | €1,369,242 | +€345,915 | +33.8% |
| Profit (loss) carried forward | 14 | €113,768 | €113,768 | = | 0.0% |
| Amounts payable | 17/49 | €5,592,503 | €5,052,008 | -€540,496 | -9.7% |
| Amounts payable after more than one year | 17 | €404,561 | €355,092 | -€49,469 | -12.2% |
| Financial debts | 170/4 | €404,561 | €355,092 | -€49,469 | -12.2% |
| Amounts payable within one year | 42/48 | €5,154,527 | €4,662,027 | -€492,499 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €79,166 | €49,469 | -€29,696 | -37.5% |
| Trade debts | 44 | €1,684 | €116,274 | +€114,590 | +6806.2% |
| Suppliers | 440/4 | €1,684 | €116,274 | +€114,590 | +6806.2% |
| Advances received on contracts in progress | 46 | €181,500 | €0 | -€181,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €74,062 | €52,565 | -€21,496 | -29.0% |
| Taxes | 450/3 | €74,062 | €52,565 | -€21,496 | -29.0% |
| Other amounts payable | 47/48 | €4,818,116 | €4,443,719 | -€374,397 | -7.8% |
| Accrued charges and deferred income | 492/3 | €33,415 | €34,888 | +€1,473 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,772 | €325,699 | +€11,927 | +3.8% |
| Other operating charges | 640/8 | €22,269 | €101,165 | +€78,896 | +354.3% |
| Gross operating margin | 9900 | €1,460,153 | €1,373,765 | -€86,387 | -5.9% |
| Operating profit (loss) | 9901 | €1,124,111 | €946,902 | -€177,210 | -15.8% |
| Financial income | 75/76B | €6,875 | €7,638 | +€763 | +11.1% |
| Recurring financial income | 75 | €6,875 | €7,638 | +€763 | +11.1% |
| Financial charges | 65/66B | €34,309 | €39,243 | +€4,934 | +14.4% |
| Recurring financial charges | 65 | €34,309 | €39,243 | +€4,934 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €1,096,677 | €915,297 | -€181,380 | -16.5% |
| Income taxes | 67/77 | €308,117 | €253,632 | -€54,485 | -17.7% |
| Profit (loss) for the period | 9904 | €788,560 | €661,665 | -€126,895 | -16.1% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €315,750 | -€105,250 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €367,560 | €345,915 | -€21,645 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.