Concept Booth: 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 Booth
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+215%), from €497,038 to €1.6m
of which Other amounts receivable: +€1.1m
- Cash -€666,365
down €666,365 (-19.3%), from €3.4m to €2.8m
mainly Receivables within one year (-€1.1m) and Accrued charges and deferred income (-€398,072)
- Trade debts +€484,381
up €484,381 (+22.6%), from €2.1m to €2.6m
- Accrued charges and deferred income -€398,072
down €398,072 (-98.7%), from €403,242 to €5,170
- Advances received +€193,570
up €193,570 (+14.3%), from €1.4m to €1.6m
- Reserves +€161,249
up €161,249 (+105%), from €153,119 to €314,368
- Current portion of long-term debt -€95,000
no longer reported in 2025 (was €95,000)
- Staff costs +€258,841
up €258,841 (+63.3%), from €409,049 to €667,889
- Gross operating margin +€258,274
up €258,274 (+37.7%), from €685,926 to €944,200
- Financial income +€11,210
up €11,210 (+10,535%), from €106 to €11,317
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 | €5,315,870 | €5,690,997 | +€375,127 | +7.1% |
| Fixed assets | 21/28 | €1,361,502 | €1,338,153 | -€23,349 | -1.7% |
| Tangible fixed assets | 22/27 | €136,659 | €110,385 | -€26,274 | -19.2% |
| Land and buildings | 22 | €133,003 | €100,664 | -€32,340 | -24.3% |
| Plant, machinery and equipment | 23 | €3,656 | €9,722 | +€6,066 | +166% |
| Financial fixed assets | 28 | €1,224,843 | €1,227,768 | +€2,925 | +0.2% |
| Current assets | 29/58 | €3,954,367 | €4,352,843 | +€398,476 | +10.1% |
| Amounts receivable within one year | 40/41 | €497,038 | €1,564,220 | +€1.1m | +215% |
| Trade receivables | 40 | €12,079 | €26,542 | +€14,463 | +120% |
| Other amounts receivable | 41 | €484,959 | €1,537,678 | +€1.1m | +217% |
| Cash at bank and in hand | 54/58 | €3,448,365 | €2,781,999 | -€666,365 | -19.3% |
| Deferred charges and accrued income | 490/1 | €8,964 | €6,624 | -€2,340 | -26.1% |
| Total equity and liabilities | 10/49 | €5,315,870 | €5,690,997 | +€375,127 | +7.1% |
| Equity | 10/15 | €489,511 | €650,760 | +€161,249 | +32.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €153,119 | €314,368 | +€161,249 | +105% |
| Distributable reserves | 133 | €153,119 | €314,368 | +€161,249 | +105% |
| Profit (loss) carried forward | 14 | €324,392 | €324,392 | = | 0.0% |
| Amounts payable | 17/49 | €4,826,359 | €5,040,237 | +€213,878 | +4.4% |
| Amounts payable after more than one year | 17 | €760,000 | €760,000 | = | 0.0% |
| Financial debts | 170/4 | €760,000 | €760,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,663,116 | €4,275,066 | +€611,950 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €95,000 | - | -€95,000 | |
| Trade debts | 44 | €2,145,346 | €2,629,727 | +€484,381 | +22.6% |
| Suppliers | 440/4 | €2,145,346 | €2,629,727 | +€484,381 | +22.6% |
| Advances received on contracts in progress | 46 | €1,357,337 | €1,550,907 | +€193,570 | +14.3% |
| Taxes, remuneration and social security | 45 | €64,222 | €94,432 | +€30,210 | +47.0% |
| Taxes | 450/3 | €9,526 | €28,217 | +€18,692 | +196% |
| Remuneration and social security | 454/9 | €54,697 | €66,215 | +€11,518 | +21.1% |
| Other amounts payable | 47/48 | €1,211 | - | -€1,211 | |
| Accrued charges and deferred income | 492/3 | €403,242 | €5,170 | -€398,072 | -98.7% |
| Remuneration, social security and pensions | 62 | €409,049 | €667,889 | +€258,841 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,396 | €35,972 | -€1,424 | -3.8% |
| Other operating charges | 640/8 | €2,695 | €2,680 | -€14 | -0.5% |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | €685,926 | €944,200 | +€258,274 | +37.7% |
| Operating profit (loss) | 9901 | €236,725 | €237,659 | +€934 | +0.4% |
| Financial income | 75/76B | €106 | €11,317 | +€11,210 | +10,535% |
| Recurring financial income | 75 | €106 | €11,317 | +€11,210 | +10,535% |
| Financial charges | 65/66B | €25,435 | €21,358 | -€4,077 | -16.0% |
| Recurring financial charges | 65 | €25,435 | €21,358 | -€4,077 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €211,397 | €227,618 | +€16,222 | +7.7% |
| Income taxes | 67/77 | €58,278 | €66,369 | +€8,091 | +13.9% |
| Profit (loss) for the period | 9904 | €153,119 | €161,249 | +€8,130 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,119 | €161,249 | +€8,130 | +5.3% |
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 14 October 2026 via checked.be.