CONCENTRA: 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
CONCENTRA
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11.6m
2024 · €10.2m+€1.4m
Equity
€121.8m
2024 · €148.2m-€26.4m
Cash
€35.2m
2024 · €2.4m+€32.7m
Balance sheet total
€160.3m
2024 · €153.8m+€6.5m
Largest movements
Assets
- Cash +€32.7m
up €32.7m (+1350.8%), from €2.4m to €35.2m
mainly Other debts (+€33.0m) and Current investments (+€27.2m)
- Current investments -€27.2m
down €27.2m (-99.8%), from €27.3m to €56,251
of which Other investments: -€26.6m
Equity and liabilities
- Profit (loss) carried forward -€71.2m
no longer reported in 2025 (was €71.2m)
- Reserves +€44.8m
up €44.8m (+120.3%), from €37.2m to €82.0m
of which Distributable reserves: +€45.4m
- Other debts +€33.0m
up €33.0m (+660.0%), from €5.0m to €38.0m
Income statement
- Financial income +€1.9m
up €1.9m (+16.4%), from €11.4m to €13.3m
- Financial charges +€410,641
up €410,641 (+1259.5%), from €32,603 to €443,243
of which Non-recurring financial charges: +€402,431
- Services and other goods -€58,605
down €58,605 (-4.9%), from €1.2m to €1.1m
- Turnover +€23,140
up €23,140 (+59.4%), from €38,940 to €62,080
- Other operating income -€21,291
down €21,291 (-41.4%), from €51,461 to €30,170
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
€10.2m
Turnover
+€23,140
Other operating income
-€21,291
Services and other goods
+€58,605
Staff costs
+€1,508
Depreciation
-€85
Other operating charges
+€4,464
Other operating items
-€95,000
Financial income
+€1.9m
Financial charges
-€410,641
Taxes
+€21
Result 2025
€11.6m
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
+€44.2m
Investment
+€26.5m
Financing
-€38.0m
Cash 2024
€2.4m
From operations (derived)
+€44.2m
Net result for the year
+€11.6m
Depreciation
+€260
Receivables after one year
-€164,073
Smaller working-capital items
-€118,113
Trade debts
-€130,646
Other debts
+€33.0m
Investment (derived)
+€26.5m
Investment in fixed assets (net)
-€690,740
Current investments
+€27.2m
Financing
-€38.0m
Contributions, distributions and other
-€38.0m
Cash 2025
€35.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,817,277 | €160,327,531 | +€6.5m | +4.2% |
| Fixed assets | 21/28 | €122,495,710 | €123,186,191 | +€690,480 | +0.6% |
| Tangible fixed assets | 22/27 | €6,172 | €5,912 | -€260 | -4.2% |
| Plant, machinery and equipment | 23 | €2,422 | €2,162 | -€260 | -10.7% |
| Furniture and vehicles | 24 | €3,750 | €3,750 | = | 0.0% |
| Financial fixed assets | 28 | €122,489,539 | €123,180,279 | +€690,740 | +0.6% |
| Affiliated companies | 280/1 | €113,907,523 | €113,907,523 | = | 0.0% |
| Participating interests | 280 | €113,907,523 | €113,907,523 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €7,580,776 | €8,671,516 | +€1.1m | +14.4% |
| Participating interests | 282 | €7,580,776 | €8,671,516 | +€1.1m | +14.4% |
| Other financial fixed assets | 284/8 | €1,001,239 | €601,239 | -€400,000 | -40.0% |
| Shares | 284 | €1,001,239 | €601,239 | -€400,000 | -40.0% |
| Current assets | 29/58 | €31,321,567 | €37,141,340 | +€5.8m | +18.6% |
| Amounts receivable after more than one year | 29 | €1,268,743 | €1,432,816 | +€164,073 | +12.9% |
| Other amounts receivable | 291 | €1,268,743 | €1,432,816 | +€164,073 | +12.9% |
| Amounts receivable within one year | 40/41 | €284,621 | €378,813 | +€94,192 | +33.1% |
| Trade receivables | 40 | €6,194 | €29,661 | +€23,467 | +378.9% |
| Other amounts receivable | 41 | €278,427 | €349,152 | +€70,725 | +25.4% |
| Current investments | 50/53 | €27,267,833 | €56,251 | -€27.2m | -99.8% |
| Own shares | 50 | €562,941 | - | -€562,941 | |
| Other investments | 51/53 | €26,704,892 | €56,251 | -€26.6m | -99.8% |
| Cash at bank and in hand | 54/58 | €2,423,887 | €35,166,644 | +€32.7m | +1350.8% |
| Deferred charges and accrued income | 490/1 | €76,483 | €106,817 | +€30,334 | +39.7% |
| Total equity and liabilities | 10/49 | €153,817,277 | €160,327,531 | +€6.5m | +4.2% |
| Equity | 10/15 | €148,186,614 | €121,821,102 | -€26.4m | -17.8% |
| Contributions | 10/11 | €39,788,373 | €39,788,373 | = | 0.0% |
| Capital | 10 | €31,228,822 | €31,228,822 | = | 0.0% |
| Issued capital | 100 | €31,228,822 | €31,228,822 | = | 0.0% |
| Contributions outside capital | 11 | €8,559,550 | €8,559,550 | = | 0.0% |
| Share premium | 1100/10 | €8,559,550 | €8,559,550 | = | 0.0% |
| Reserves | 13 | €37,244,773 | €82,032,729 | +€44.8m | +120.3% |
| Non-distributable reserves | 130/1 | €9,993,730 | €9,430,789 | -€562,941 | -5.6% |
| Legal reserve | 130 | €9,152,121 | €9,152,121 | = | 0.0% |
| Own shares acquired | 1312 | €562,941 | - | -€562,941 | |
| Other | 1319 | €278,668 | €278,668 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,138,693 | €20,138,693 | = | 0.0% |
| Distributable reserves | 133 | €7,112,350 | €52,463,247 | +€45.4m | +637.6% |
| Profit (loss) carried forward | 14 | €71,153,468 | - | -€71.2m | |
| Amounts payable | 17/49 | €5,630,663 | €38,506,429 | +€32.9m | +583.9% |
| Amounts payable within one year | 42/48 | €5,537,709 | €38,406,911 | +€32.9m | +593.6% |
| Trade debts | 44 | €517,328 | €386,682 | -€130,646 | -25.3% |
| Suppliers | 440/4 | €517,328 | €386,682 | -€130,646 | -25.3% |
| Taxes, remuneration and social security | 45 | €20,381 | €20,229 | -€152 | -0.7% |
| Taxes | 450/3 | €7,348 | €6,383 | -€965 | -13.1% |
| Remuneration and social security | 454/9 | €13,033 | €13,846 | +€813 | +6.2% |
| Other amounts payable | 47/48 | €5,000,000 | €38,000,000 | +€33.0m | +660.0% |
| Accrued charges and deferred income | 492/3 | €92,954 | €99,518 | +€6,564 | +7.1% |
| Operating income | 70/76A | €185,401 | €92,250 | -€93,151 | -50.2% |
| Turnover | 70 | €38,940 | €62,080 | +€23,140 | +59.4% |
| Other operating income | 74 | €51,461 | €30,170 | -€21,291 | -41.4% |
| Non-recurring operating income | 76A | €95,000 | - | -€95,000 | |
| Operating charges | 60/66A | €1,330,668 | €1,266,176 | -€64,492 | -4.8% |
| Services and other goods | 61 | €1,197,799 | €1,139,193 | -€58,605 | -4.9% |
| Remuneration, social security and pensions | 62 | €111,003 | €109,495 | -€1,508 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175 | €260 | +€85 | +48.8% |
| Other operating charges | 640/8 | €21,692 | €17,228 | -€4,464 | -20.6% |
| Operating profit (loss) | 9901 | -€1,145,267 | -€1,173,926 | -€28,659 | -2.5% |
| Financial income | 75/76B | €11,388,914 | €13,252,161 | +€1.9m | +16.4% |
| Recurring financial income | 75 | €11,388,914 | €13,252,161 | +€1.9m | +16.4% |
| Income from financial fixed assets | 750 | €10,330,866 | €12,359,180 | +€2.0m | +19.6% |
| Income from current assets | 751 | €1,058,048 | €504,883 | -€553,165 | -52.3% |
| Other financial income | 752/9 | - | €388,097 | +€388,097 | |
| Financial charges | 65/66B | €32,603 | €443,243 | +€410,641 | +1259.5% |
| Recurring financial charges | 65 | €32,603 | €40,813 | +€8,210 | +25.2% |
| Debt charges | 650 | €1,367 | €1,368 | +€1 | 0.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€68,750 | -€68,750 | |
| Other financial charges | 652/9 | €31,235 | €108,195 | +€76,959 | +246.4% |
| Non-recurring financial charges | 66B | - | €402,431 | +€402,431 | |
| Profit (loss) for the period before taxes | 9903 | €10,211,044 | €11,634,991 | +€1.4m | +13.9% |
| Income taxes | 67/77 | €524 | €503 | -€21 | -3.9% |
| Taxes | 670/3 | €535 | €503 | -€32 | -5.9% |
| Tax adjustments and reversals of tax provisions | 77 | €11 | - | -€11 | |
| Profit (loss) for the period | 9904 | €10,210,520 | €11,634,488 | +€1.4m | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,210,520 | €11,634,488 | +€1.4m | +13.9% |
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 12 October 2026 via checked.be.