Concelo: 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.
Concelo
Largest movements
- Receivables within one year -€9,945
down €9,945 (-85.7%), from €11,604 to €1,659
of which Trade receivables: -€9,503
- Deferred charges and accrued income -€8,000
down €8,000 (-49.9%), from €16,039 to €8,039
- Cash -€3,430
down €3,430 (-12.5%), from €27,431 to €24,001
mainly Other debts (-€23,494) and Contributions, distributions and other (-€15,210)
- Intangible fixed assets -€600
down €600 (-20.3%), from €2,950 to €2,350
- Other debts -€23,494
down €23,494 (-99.1%), from €23,697 to €203
- Reserves +€19,090
new in 2025: €19,090
- Profit (loss) carried forward -€15,205
down €15,205 (-49.5%), from €30,709 to €15,504
- Tax, wage and social debts -€2,650
no longer reported in 2025 (was €2,650)
- Gross operating margin +€7,993
up €7,993 (+40.7%), from €19,621 to €27,614
- Taxes +€2,312
up €2,312 (+49.2%), from €4,697 to €7,009
- Depreciation +€431
up €431 (+107.4%), from €401 to €832
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 | €58,696 | €36,489 | -€22,207 | -37.8% |
| Fixed assets | 21/28 | €3,622 | €2,790 | -€832 | -23.0% |
| Intangible fixed assets | 21 | €2,950 | €2,350 | -€600 | -20.3% |
| Tangible fixed assets | 22/27 | €672 | €440 | -€232 | -34.5% |
| Plant, machinery and equipment | 23 | €672 | €440 | -€232 | -34.5% |
| Current assets | 29/58 | €55,074 | €33,699 | -€21,375 | -38.8% |
| Amounts receivable within one year | 40/41 | €11,604 | €1,659 | -€9,945 | -85.7% |
| Trade receivables | 40 | €9,503 | - | -€9,503 | |
| Other amounts receivable | 41 | €2,101 | €1,659 | -€442 | -21.0% |
| Cash at bank and in hand | 54/58 | €27,431 | €24,001 | -€3,430 | -12.5% |
| Deferred charges and accrued income | 490/1 | €16,039 | €8,039 | -€8,000 | -49.9% |
| Total equity and liabilities | 10/49 | €58,696 | €36,489 | -€22,207 | -37.8% |
| Equity | 10/15 | €31,709 | €35,594 | +€3,885 | +12.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €19,090 | +€19,090 | |
| Distributable reserves | 133 | - | €19,090 | +€19,090 | |
| Profit (loss) carried forward | 14 | €30,709 | €15,504 | -€15,205 | -49.5% |
| Amounts payable | 17/49 | €26,987 | €894 | -€26,093 | -96.7% |
| Amounts payable within one year | 42/48 | €26,987 | €894 | -€26,093 | -96.7% |
| Trade debts | 44 | €640 | €691 | +€51 | +8.0% |
| Suppliers | 440/4 | €640 | €691 | +€51 | +8.0% |
| Taxes, remuneration and social security | 45 | €2,650 | - | -€2,650 | |
| Remuneration and social security | 454/9 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | €23,697 | €203 | -€23,494 | -99.1% |
| Non-recurring operating income | 76A | - | €11,700 | +€11,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €832 | +€431 | +107.4% |
| Other operating charges | 640/8 | €867 | €605 | -€262 | -30.2% |
| Gross operating margin | 9900 | €19,621 | €27,614 | +€7,993 | +40.7% |
| Operating profit (loss) | 9901 | €18,353 | €26,177 | +€7,824 | +42.6% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.7% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €18,286 | €26,105 | +€7,819 | +42.8% |
| Income taxes | 67/77 | €4,697 | €7,009 | +€2,312 | +49.2% |
| Profit (loss) for the period | 9904 | €13,589 | €19,095 | +€5,506 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,589 | €19,095 | +€5,506 | +40.5% |
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 11 October 2026 via checked.be.