CONCEPT C: 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 C
Largest movements
- Tangible fixed assets -€17,528
down €17,528 (-21.3%), from €82,292 to €64,764
of which Furniture and vehicles: -€12,102
- Cash +€1,851
up €1,851 (+5.8%), from €31,882 to €33,734
mainly Depreciation (+€19,184) and Net result for the year (+€9,422)
- Reserves +€9,000
up €9,000 (+45.0%), from €20,000 to €29,000
- Current portion of long-term debt -€8,655
down €8,655 (-47.0%), from €18,403 to €9,749
- Debts after one year -€8,047
down €8,047 (-23.1%), from €34,841 to €26,794
- Trade debts -€5,800
down €5,800 (-51.5%), from €11,258 to €5,458
- Tax, wage and social debts -€1,454
no longer reported in 2025 (was €1,454)
- Turnover -€16,941
down €16,941 (-12.5%), from €134,995 to €118,054
- Gross operating margin -€13,412
down €13,412 (-27.8%), from €48,203 to €34,791
- Purchases and services -€4,411
down €4,411 (-5.0%), from €87,674 to €83,263
- Taxes -€2,804
down €2,804 (-43.4%), from €6,454 to €3,650
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 | €116,414 | €101,195 | -€15,218 | -13.1% |
| Fixed assets | 21/28 | €82,676 | €65,148 | -€17,528 | -21.2% |
| Tangible fixed assets | 22/27 | €82,292 | €64,764 | -€17,528 | -21.3% |
| Plant, machinery and equipment | 23 | €2,747 | €3,542 | +€795 | +28.9% |
| Furniture and vehicles | 24 | €41,537 | €29,435 | -€12,102 | -29.1% |
| Leasing and similar rights | 25 | €38,008 | €31,788 | -€6,220 | -16.4% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €33,738 | €36,047 | +€2,310 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,855 | €2,314 | +€459 | +24.7% |
| Other amounts receivable | 41 | €1,855 | €2,314 | +€459 | +24.7% |
| Cash at bank and in hand | 54/58 | €31,882 | €33,734 | +€1,851 | +5.8% |
| Total equity and liabilities | 10/49 | €116,414 | €101,195 | -€15,218 | -13.1% |
| Equity | 10/15 | €49,773 | €59,195 | +€9,422 | +18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €29,000 | +€9,000 | +45.0% |
| Distributable reserves | 133 | €20,000 | €29,000 | +€9,000 | +45.0% |
| Profit (loss) carried forward | 14 | €24,773 | €25,195 | +€422 | +1.7% |
| Amounts payable | 17/49 | €66,641 | €42,000 | -€24,641 | -37.0% |
| Amounts payable after more than one year | 17 | €34,841 | €26,794 | -€8,047 | -23.1% |
| Financial debts | 170/4 | €34,841 | €26,794 | -€8,047 | -23.1% |
| Amounts payable within one year | 42/48 | €31,801 | €15,207 | -€16,594 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €18,403 | €9,749 | -€8,655 | -47.0% |
| Trade debts | 44 | €11,258 | €5,458 | -€5,800 | -51.5% |
| Suppliers | 440/4 | €11,258 | €5,458 | -€5,800 | -51.5% |
| Taxes, remuneration and social security | 45 | €1,454 | - | -€1,454 | |
| Taxes | 450/3 | €1,454 | - | -€1,454 | |
| Other amounts payable | 47/48 | €686 | - | -€686 | |
| Turnover | 70 | €134,995 | €118,054 | -€16,941 | -12.5% |
| Non-recurring operating income | 76A | €882 | - | -€882 | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,674 | €83,263 | -€4,411 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,615 | €19,184 | +€569 | +3.1% |
| Other operating charges | 640/8 | €642 | €736 | +€94 | +14.7% |
| Gross operating margin | 9900 | €48,203 | €34,791 | -€13,412 | -27.8% |
| Operating profit (loss) | 9901 | €28,946 | €14,870 | -€14,076 | -48.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,197 | €1,798 | -€399 | -18.2% |
| Recurring financial charges | 65 | €2,197 | €1,798 | -€399 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €26,751 | €13,072 | -€13,678 | -51.1% |
| Income taxes | 67/77 | €6,454 | €3,650 | -€2,804 | -43.4% |
| Profit (loss) for the period | 9904 | €20,297 | €9,422 | -€10,874 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,297 | €9,422 | -€10,874 | -53.6% |
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 9 October 2026 via checked.be.