CONCEPT BY JR: 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 BY JR
Largest movements
- Receivables within one year -€13,896
down €13,896 (-21.1%), from €65,969 to €52,073
of which Trade receivables: -€12,478
- Cash +€12,911
up €12,911 (+8.8%), from €146,907 to €159,818
mainly Net result for the year (+€60,766) and Receivables within one year (+€13,896)
- Tangible fixed assets -€2,993
down €2,993 (-12.1%), from €24,827 to €21,835
of which Furniture and vehicles: -€1,680
- Profit (loss) carried forward +€20,766
up €20,766 (+16.5%), from €125,766 to €146,532
- Trade debts -€15,181
down €15,181 (-45.3%), from €33,544 to €18,363
- Other debts -€7,425
down €7,425 (-14.5%), from €51,283 to €43,858
- Staff costs -€13,262
down €13,262 (-10.1%), from €131,178 to €117,916
- Gross operating margin +€8,829
up €8,829 (+4.4%), from €199,376 to €208,205
- Depreciation -€3,090
down €3,090 (-30.1%), from €10,257 to €7,167
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 | €242,650 | €239,033 | -€3,617 | -1.5% |
| Fixed assets | 21/28 | €25,125 | €22,133 | -€2,993 | -11.9% |
| Tangible fixed assets | 22/27 | €24,827 | €21,835 | -€2,993 | -12.1% |
| Plant, machinery and equipment | 23 | €23,148 | €21,835 | -€1,313 | -5.7% |
| Furniture and vehicles | 24 | €1,680 | - | -€1,680 | |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €217,524 | €216,901 | -€624 | -0.3% |
| Amounts receivable within one year | 40/41 | €65,969 | €52,073 | -€13,896 | -21.1% |
| Trade receivables | 40 | €63,644 | €51,167 | -€12,478 | -19.6% |
| Other amounts receivable | 41 | €2,325 | €906 | -€1,419 | -61.0% |
| Cash at bank and in hand | 54/58 | €146,907 | €159,818 | +€12,911 | +8.8% |
| Deferred charges and accrued income | 490/1 | €4,648 | €5,010 | +€362 | +7.8% |
| Total equity and liabilities | 10/49 | €242,650 | €239,033 | -€3,617 | -1.5% |
| Equity | 10/15 | €146,391 | €167,157 | +€20,766 | +14.2% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,766 | €146,532 | +€20,766 | +16.5% |
| Amounts payable | 17/49 | €96,258 | €71,876 | -€24,382 | -25.3% |
| Amounts payable within one year | 42/48 | €96,258 | €71,876 | -€24,382 | -25.3% |
| Financial debts | 43 | €2,578 | €2,568 | -€10 | -0.4% |
| Credit institutions | 430/8 | €2,578 | €2,568 | -€10 | -0.4% |
| Trade debts | 44 | €33,544 | €18,363 | -€15,181 | -45.3% |
| Suppliers | 440/4 | €33,544 | €18,363 | -€15,181 | -45.3% |
| Taxes, remuneration and social security | 45 | €8,853 | €7,086 | -€1,767 | -20.0% |
| Taxes | 450/3 | - | €1,948 | +€1,948 | |
| Remuneration and social security | 454/9 | €8,853 | €5,138 | -€3,715 | -42.0% |
| Other amounts payable | 47/48 | €51,283 | €43,858 | -€7,425 | -14.5% |
| Non-recurring operating income | 76A | €1,394 | €15,698 | +€14,305 | +1026.3% |
| Remuneration, social security and pensions | 62 | €131,178 | €117,916 | -€13,262 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,257 | €7,167 | -€3,090 | -30.1% |
| Other operating charges | 640/8 | €1,835 | €1,966 | +€131 | +7.1% |
| Non-recurring operating charges | 66A | €945 | €243 | -€702 | -74.3% |
| Gross operating margin | 9900 | €199,376 | €208,205 | +€8,829 | +4.4% |
| Operating profit (loss) | 9901 | €55,161 | €80,913 | +€25,752 | +46.7% |
| Financial income | 75/76B | €488 | - | -€488 | |
| Recurring financial income | 75 | €488 | - | -€488 | |
| Financial charges | 65/66B | €1,364 | €3,199 | +€1,835 | +134.6% |
| Recurring financial charges | 65 | €1,364 | €3,199 | +€1,835 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | €54,286 | €77,714 | +€23,428 | +43.2% |
| Income taxes | 67/77 | €15,589 | €16,948 | +€1,359 | +8.7% |
| Profit (loss) for the period | 9904 | €38,697 | €60,766 | +€22,069 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,697 | €60,766 | +€22,069 | +57.0% |
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.