Concentric: 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.
Concentric
Largest movements
- Tangible fixed assets +€47,351
up €47,351 (+240.1%), from €19,718 to €67,069
of which Furniture and vehicles: +€48,319
- Receivables within one year -€34,475
down €34,475 (-82.2%), from €41,931 to €7,456
of which Other amounts receivable: -€22,865
- Current investments -€4,365
down €4,365 (-26.6%), from €16,414 to €12,048
- Deferred charges and accrued income +€2,010
up €2,010 (+151.2%), from €1,329 to €3,339
- Reserves -€65,834
down €65,834 (-97.3%), from €67,694 to €1,860
of which Distributable reserves: -€65,834
- Debts after one year +€40,359
up €40,359 (+788.3%), from €5,120 to €45,479
- Other debts +€12,861
up €12,861, from €0 to €12,861
- Tax, wage and social debts +€6,850
up €6,850 (+51.5%), from €13,309 to €20,159
- Trade debts +€5,836
up €5,836 (+71.3%), from €8,182 to €14,018
- Financial charges -€12,490
down €12,490 (-95.9%), from €13,028 to €538
- Gross operating margin +€2,739
up €2,739 (+9.7%), from €28,332 to €31,072
- Taxes +€962
up €962 (+12.0%), from €8,038 to €9,000
- Financial income +€883
up €883 (+68.5%), from €1,289 to €2,172
- Other operating charges +€766
up €766 (+47.5%), from €1,613 to €2,380
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 | €100,837 | €110,705 | +€9,867 | +9.8% |
| Fixed assets | 21/28 | €19,817 | €67,168 | +€47,351 | +238.9% |
| Tangible fixed assets | 22/27 | €19,718 | €67,069 | +€47,351 | +240.1% |
| Furniture and vehicles | 24 | €15,253 | €63,572 | +€48,319 | +316.8% |
| Other tangible fixed assets | 26 | €4,465 | €3,497 | -€969 | -21.7% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €81,020 | €43,537 | -€37,483 | -46.3% |
| Amounts receivable within one year | 40/41 | €41,931 | €7,456 | -€34,475 | -82.2% |
| Trade receivables | 40 | €11,610 | €0 | -€11,610 | -100.0% |
| Other amounts receivable | 41 | €30,321 | €7,456 | -€22,865 | -75.4% |
| Current investments | 50/53 | €16,414 | €12,048 | -€4,365 | -26.6% |
| Cash at bank and in hand | 54/58 | €21,346 | €20,693 | -€653 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,329 | €3,339 | +€2,010 | +151.2% |
| Total equity and liabilities | 10/49 | €100,837 | €110,705 | +€9,867 | +9.8% |
| Equity | 10/15 | €65,180 | €5,145 | -€60,035 | -92.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,694 | €1,860 | -€65,834 | -97.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,834 | €0 | -€65,834 | -100.0% |
| Profit (loss) carried forward | 14 | -€14,914 | -€9,115 | +€5,799 | +38.9% |
| Amounts payable | 17/49 | €35,657 | €105,560 | +€69,902 | +196.0% |
| Amounts payable after more than one year | 17 | €5,120 | €45,479 | +€40,359 | +788.3% |
| Financial debts | 170/4 | €5,120 | €45,479 | +€40,359 | +788.3% |
| Amounts payable within one year | 42/48 | €30,538 | €60,081 | +€29,543 | +96.7% |
| Current portion of amounts payable after more than one year | 42 | €8,711 | €12,451 | +€3,740 | +42.9% |
| Financial debts | 43 | €336 | €593 | +€257 | +76.5% |
| Credit institutions | 430/8 | €336 | €593 | +€257 | +76.5% |
| Trade debts | 44 | €8,182 | €14,018 | +€5,836 | +71.3% |
| Suppliers | 440/4 | €8,182 | €14,018 | +€5,836 | +71.3% |
| Taxes, remuneration and social security | 45 | €13,309 | €20,159 | +€6,850 | +51.5% |
| Taxes | 450/3 | €13,309 | €20,159 | +€6,850 | +51.5% |
| Other amounts payable | 47/48 | €0 | €12,861 | +€12,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,940 | €11,004 | +€64 | +0.6% |
| Other operating charges | 640/8 | €1,613 | €2,380 | +€766 | +47.5% |
| Non-recurring operating charges | 66A | - | €4,523 | +€4,523 | |
| Gross operating margin | 9900 | €28,332 | €31,072 | +€2,739 | +9.7% |
| Operating profit (loss) | 9901 | €15,779 | €13,165 | -€2,614 | -16.6% |
| Financial income | 75/76B | €1,289 | €2,172 | +€883 | +68.5% |
| Recurring financial income | 75 | €1,289 | €2,172 | +€883 | +68.5% |
| Financial charges | 65/66B | €13,028 | €538 | -€12,490 | -95.9% |
| Recurring financial charges | 65 | €13,028 | €538 | -€12,490 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €4,040 | €14,799 | +€10,758 | +266.3% |
| Income taxes | 67/77 | €8,038 | €9,000 | +€962 | +12.0% |
| Profit (loss) for the period | 9904 | -€3,998 | €5,799 | +€9,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,998 | €5,799 | +€9,797 |
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 29 September 2026 via checked.be.