Concept 93: 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.
Concept 93
Largest movements
- Tangible fixed assets +€43,152
up €43,152 (+14.4%), from €298,866 to €342,018
of which Plant, machinery and equipment: +€51,959
- Stocks and contracts +€16,779
new in 2025: €16,779
- Receivables within one year +€15,256
up €15,256 (+51.4%), from €29,678 to €44,934
of which Other amounts receivable: +€14,878
- Debts after one year +€28,611
up €28,611 (+13.3%), from €214,355 to €242,965
- Other debts +€28,381
up €28,381 (+8517.0%), from €333 to €28,714
- Current portion of long-term debt +€17,046
up €17,046 (+36.9%), from €46,209 to €63,255
- Gross operating margin +€11,159
up €11,159 (+20.1%), from €55,489 to €66,648
- Depreciation +€8,463
up €8,463 (+18.8%), from €45,090 to €53,554
- Financial charges +€2,007
up €2,007 (+27.9%), from €7,183 to €9,190
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 | €329,588 | €406,619 | +€77,032 | +23.4% |
| Fixed assets | 21/28 | €298,866 | €342,018 | +€43,152 | +14.4% |
| Tangible fixed assets | 22/27 | €298,866 | €342,018 | +€43,152 | +14.4% |
| Land and buildings | 22 | €181,507 | €173,664 | -€7,842 | -4.3% |
| Plant, machinery and equipment | 23 | €110,997 | €162,956 | +€51,959 | +46.8% |
| Furniture and vehicles | 24 | €6,362 | €5,398 | -€964 | -15.2% |
| Current assets | 29/58 | €30,722 | €64,601 | +€33,880 | +110.3% |
| Stocks and contracts in progress | 3 | - | €16,779 | +€16,779 | |
| Stocks | 30/36 | - | €16,779 | +€16,779 | |
| Amounts receivable within one year | 40/41 | €29,678 | €44,934 | +€15,256 | +51.4% |
| Trade receivables | 40 | €536 | €914 | +€378 | +70.6% |
| Other amounts receivable | 41 | €29,142 | €44,020 | +€14,878 | +51.1% |
| Cash at bank and in hand | 54/58 | €1,044 | €2,889 | +€1,845 | +176.7% |
| Total equity and liabilities | 10/49 | €329,588 | €406,619 | +€77,032 | +23.4% |
| Equity | 10/15 | €64,897 | €67,587 | +€2,691 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €41,000 | €41,000 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €41,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,897 | €6,587 | +€2,691 | +69.1% |
| Amounts payable | 17/49 | €264,691 | €339,032 | +€74,341 | +28.1% |
| Amounts payable after more than one year | 17 | €214,355 | €242,965 | +€28,611 | +13.3% |
| Financial debts | 170/4 | €214,355 | €242,965 | +€28,611 | +13.3% |
| Amounts payable within one year | 42/48 | €50,336 | €96,067 | +€45,730 | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €46,209 | €63,255 | +€17,046 | +36.9% |
| Trade debts | 44 | €536 | €1,481 | +€945 | +176.3% |
| Suppliers | 440/4 | €536 | €1,481 | +€945 | +176.3% |
| Taxes, remuneration and social security | 45 | €3,258 | €2,616 | -€642 | -19.7% |
| Taxes | 450/3 | €3,258 | €2,616 | -€642 | -19.7% |
| Other amounts payable | 47/48 | €333 | €28,714 | +€28,381 | +8517.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,090 | €53,554 | +€8,463 | +18.8% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €55,489 | €66,648 | +€11,159 | +20.1% |
| Operating profit (loss) | 9901 | €10,014 | €12,707 | +€2,692 | +26.9% |
| Financial income | 75/76B | €29 | €61 | +€32 | +110.4% |
| Recurring financial income | 75 | €29 | €61 | +€32 | +110.4% |
| Financial charges | 65/66B | €7,183 | €9,190 | +€2,007 | +27.9% |
| Recurring financial charges | 65 | €7,183 | €9,190 | +€2,007 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €2,861 | €3,578 | +€717 | +25.1% |
| Income taxes | 67/77 | €341 | €887 | +€546 | +160.1% |
| Profit (loss) for the period | 9904 | €2,520 | €2,691 | +€171 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,520 | €2,691 | +€171 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.