CONCEPT CG: 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 CG
Largest movements
- Tangible fixed assets +€35,633
up €35,633 (+106%), from €33,709 to €69,342
of which Plant, machinery and equipment: +€40,346
- Stocks and contracts +€5,626
up €5,626 (+6.1%), from €92,349 to €97,975
- Cash +€2,523
up €2,523 (+20.1%), from €12,537 to €15,060
mainly Depreciation (+€19,646) and Current portion of long-term debt (+€19,389)
- Intangible fixed assets -€2,515
down €2,515 (-16.4%), from €15,310 to €12,795
- Current portion of long-term debt +€19,389
up €19,389 (+49.4%), from €39,227 to €58,616
- Reserves +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€5,426
up €5,426 (+27.4%), from €19,766 to €25,192
of which Taxes: +€5,951
- Profit (loss) carried forward +€3,673
up €3,673, from -€400 to €3,273
- Other debts -€2,502
down €2,502 (-85.7%), from €2,918 to €416
- Other operating charges -€33,678
down €33,678 (-97.2%), from €34,636 to €958
- Gross operating margin -€11,004
down €11,004 (-13.9%), from €78,912 to €67,908
- Write-downs +€4,612
up €4,612 (+192%), from €2,398 to €7,010
- Taxes +€4,384
up €4,384 (+480%), from €913 to €5,297
- Depreciation +€2,166
up €2,166 (+12.4%), from €17,480 to €19,646
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 | €182,782 | €221,769 | +€38,987 | +21.3% |
| Fixed assets | 21/28 | €49,194 | €82,312 | +€33,118 | +67.3% |
| Intangible fixed assets | 21 | €15,310 | €12,795 | -€2,515 | -16.4% |
| Tangible fixed assets | 22/27 | €33,709 | €69,342 | +€35,633 | +106% |
| Plant, machinery and equipment | 23 | €1,597 | €41,943 | +€40,346 | +2,526% |
| Furniture and vehicles | 24 | €27,611 | €22,638 | -€4,973 | -18.0% |
| Other tangible fixed assets | 26 | €4,501 | €4,761 | +€261 | +5.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €133,588 | €139,456 | +€5,868 | +4.4% |
| Stocks and contracts in progress | 3 | €92,349 | €97,975 | +€5,626 | +6.1% |
| Stocks | 30/36 | €92,349 | €97,975 | +€5,626 | +6.1% |
| Amounts receivable within one year | 40/41 | €5,380 | €4,097 | -€1,284 | -23.9% |
| Trade receivables | 40 | €5,380 | €4,097 | -€1,284 | -23.9% |
| Cash at bank and in hand | 54/58 | €12,537 | €15,060 | +€2,523 | +20.1% |
| Deferred charges and accrued income | 490/1 | €23,322 | €22,325 | -€997 | -4.3% |
| Total equity and liabilities | 10/49 | €182,782 | €221,769 | +€38,987 | +21.3% |
| Equity | 10/15 | €18,200 | €31,873 | +€13,673 | +75.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€400 | €3,273 | +€3,673 | |
| Amounts payable | 17/49 | €164,582 | €189,896 | +€25,314 | +15.4% |
| Amounts payable after more than one year | 17 | €69,044 | €71,388 | +€2,344 | +3.4% |
| Financial debts | 170/4 | €69,044 | €71,388 | +€2,344 | +3.4% |
| Amounts payable within one year | 42/48 | €95,539 | €118,508 | +€22,970 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €39,227 | €58,616 | +€19,389 | +49.4% |
| Trade debts | 44 | €33,628 | €34,285 | +€657 | +2.0% |
| Suppliers | 440/4 | €33,628 | €34,285 | +€657 | +2.0% |
| Taxes, remuneration and social security | 45 | €19,766 | €25,192 | +€5,426 | +27.4% |
| Taxes | 450/3 | €15,406 | €21,357 | +€5,951 | +38.6% |
| Remuneration and social security | 454/9 | €4,360 | €3,835 | -€526 | -12.1% |
| Other amounts payable | 47/48 | €2,918 | €416 | -€2,502 | -85.7% |
| Remuneration, social security and pensions | 62 | €18,657 | €19,142 | +€485 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,480 | €19,646 | +€2,166 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,398 | €7,010 | +€4,612 | +192% |
| Other operating charges | 640/8 | €34,636 | €958 | -€33,678 | -97.2% |
| Gross operating margin | 9900 | €78,912 | €67,908 | -€11,004 | -13.9% |
| Operating profit (loss) | 9901 | €5,741 | €21,152 | +€15,411 | +268% |
| Financial charges | 65/66B | €1,517 | €2,182 | +€665 | +43.9% |
| Recurring financial charges | 65 | €1,517 | €2,182 | +€665 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €4,224 | €18,970 | +€14,746 | +349% |
| Income taxes | 67/77 | €913 | €5,297 | +€4,384 | +480% |
| Profit (loss) for the period | 9904 | €3,312 | €13,673 | +€10,361 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €3,312 | €13,673 | +€10,361 | +313% |
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 19 October 2026 via checked.be.