CONCEPT AVENUE: 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 AVENUE
Largest movements
- Cash +€99,077
up €99,077 (+64.6%), from €153,381 to €252,457
mainly Net result for the year (+€210,257) and Other debts (+€102,626)
- Tangible fixed assets +€57,456
up €57,456 (+79.4%), from €72,352 to €129,808
of which Leasing and similar rights: +€77,896
- Receivables within one year +€51,879
up €51,879 (+17.9%), from €289,128 to €341,007
of which Trade receivables: +€56,531
- Other debts +€102,626
up €102,626 (+72.8%), from €141,055 to €243,681
- Current portion of long-term debt +€50,587
up €50,587 (+943%), from €5,367 to €55,954
- Debts after one year +€47,725
up €47,725 (+559%), from €8,544 to €56,268
- Trade debts +€32,733
up €32,733 (+27.2%), from €120,459 to €153,192
- Short-term financial debts -€28,408
no longer reported in 2025 (was €28,408)
- Gross operating margin +€269,746
up €269,746 (+425%), from €63,516 to €333,263
- Taxes +€67,147
up €67,147 (+733%), from €9,163 to €76,310
- Depreciation +€18,218
up €18,218 (+91.7%), from €19,857 to €38,075
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.
Derived cash bridge
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 | €543,632 | €752,775 | +€209,142 | +38.5% |
| Fixed assets | 21/28 | €73,852 | €131,308 | +€57,456 | +77.8% |
| Tangible fixed assets | 22/27 | €72,352 | €129,808 | +€57,456 | +79.4% |
| Furniture and vehicles | 24 | €48,401 | €30,470 | -€17,930 | -37.0% |
| Leasing and similar rights | 25 | - | €77,896 | +€77,896 | |
| Other tangible fixed assets | 26 | €23,951 | €21,441 | -€2,510 | -10.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €469,780 | €621,467 | +€151,687 | +32.3% |
| Stocks and contracts in progress | 3 | €13,861 | €15,269 | +€1,408 | +10.2% |
| Stocks | 30/36 | €13,861 | €15,269 | +€1,408 | +10.2% |
| Amounts receivable within one year | 40/41 | €289,128 | €341,007 | +€51,879 | +17.9% |
| Trade receivables | 40 | €198,642 | €255,173 | +€56,531 | +28.5% |
| Other amounts receivable | 41 | €90,486 | €85,834 | -€4,651 | -5.1% |
| Cash at bank and in hand | 54/58 | €153,381 | €252,457 | +€99,077 | +64.6% |
| Deferred charges and accrued income | 490/1 | €13,411 | €12,734 | -€677 | -5.1% |
| Total equity and liabilities | 10/49 | €543,632 | €752,775 | +€209,142 | +38.5% |
| Equity | 10/15 | €212,208 | €212,208 | = | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,208 | €179,208 | = | 0.0% |
| Amounts payable | 17/49 | €331,424 | €540,567 | +€209,142 | +63.1% |
| Amounts payable after more than one year | 17 | €8,544 | €56,268 | +€47,725 | +559% |
| Financial debts | 170/4 | €8,544 | €56,268 | +€47,725 | +559% |
| Amounts payable within one year | 42/48 | €322,881 | €484,298 | +€161,418 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €5,367 | €55,954 | +€50,587 | +943% |
| Financial debts | 43 | €28,408 | - | -€28,408 | |
| Credit institutions | 430/8 | €28,408 | - | -€28,408 | |
| Trade debts | 44 | €120,459 | €153,192 | +€32,733 | +27.2% |
| Suppliers | 440/4 | €120,459 | €153,192 | +€32,733 | +27.2% |
| Taxes, remuneration and social security | 45 | €27,592 | €31,471 | +€3,879 | +14.1% |
| Taxes | 450/3 | €27,592 | €31,471 | +€3,879 | +14.1% |
| Other amounts payable | 47/48 | €141,055 | €243,681 | +€102,626 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,857 | €38,075 | +€18,218 | +91.7% |
| Other operating charges | 640/8 | €1,917 | €4,815 | +€2,898 | +151% |
| Gross operating margin | 9900 | €63,516 | €333,263 | +€269,746 | +425% |
| Operating profit (loss) | 9901 | €41,743 | €290,373 | +€248,630 | +596% |
| Financial income | 75/76B | €2,994 | €2,692 | -€303 | -10.1% |
| Recurring financial income | 75 | €2,994 | €2,692 | -€303 | -10.1% |
| Financial charges | 65/66B | €3,542 | €6,498 | +€2,956 | +83.4% |
| Recurring financial charges | 65 | €3,542 | €6,498 | +€2,956 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €41,195 | €286,567 | +€245,372 | +596% |
| Income taxes | 67/77 | €9,163 | €76,310 | +€67,147 | +733% |
| Profit (loss) for the period | 9904 | €32,032 | €210,257 | +€178,226 | +556% |
| Profit (loss) for the period to be appropriated | 9905 | €32,032 | €210,257 | +€178,226 | +556% |
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 26 October 2026 via checked.be.