CONCEPT DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets -€18,102
down €18,102 (-41.3%), from €43,822 to €25,720
of which Leasing and similar rights: -€10,940
- Stocks and contracts -€12,962
down €12,962 (-63.9%), from €20,280 to €7,318
- Receivables within one year +€1,454
up €1,454 (+5.7%), from €25,340 to €26,793
of which Trade receivables: +€6,064
- Trade debts -€17,017
down €17,017 (-48.0%), from €35,418 to €18,401
- Short-term financial debts +€14,259
up €14,259 (+479.1%), from €2,976 to €17,235
- Debts after one year -€12,307
down €12,307 (-42.5%), from €28,948 to €16,641
- Profit (loss) carried forward -€11,335
down €11,335 (-50.1%), from -€22,623 to -€33,958
- Current portion of long-term debt -€3,129
down €3,129 (-20.3%), from €15,436 to €12,307
- Gross operating margin -€13,550
down €13,550 (-49.2%), from €27,533 to €13,983
- Depreciation +€1,852
up €1,852 (+11.3%), from €16,430 to €18,282
- Taxes -€1,305
down €1,305 (-86.2%), from €1,514 to €209
- Financial charges +€1,282
up €1,282 (+29.8%), from €4,300 to €5,583
- Financial income +€903
up €903 (+2874.8%), from €31 to €934
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,154 | €61,562 | -€29,593 | -32.5% |
| Fixed assets | 21/28 | €45,222 | €26,940 | -€18,282 | -40.4% |
| Intangible fixed assets | 21 | €310 | €130 | -€180 | -58.1% |
| Tangible fixed assets | 22/27 | €43,822 | €25,720 | -€18,102 | -41.3% |
| Plant, machinery and equipment | 23 | €9,086 | €4,200 | -€4,886 | -53.8% |
| Furniture and vehicles | 24 | €6,622 | €4,346 | -€2,276 | -34.4% |
| Leasing and similar rights | 25 | €28,115 | €17,174 | -€10,940 | -38.9% |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €45,932 | €34,622 | -€11,310 | -24.6% |
| Stocks and contracts in progress | 3 | €20,280 | €7,318 | -€12,962 | -63.9% |
| Stocks | 30/36 | €20,280 | €7,318 | -€12,962 | -63.9% |
| Amounts receivable within one year | 40/41 | €25,340 | €26,793 | +€1,454 | +5.7% |
| Trade receivables | 40 | €10,552 | €16,616 | +€6,064 | +57.5% |
| Other amounts receivable | 41 | €14,787 | €10,177 | -€4,610 | -31.2% |
| Deferred charges and accrued income | 490/1 | €312 | €510 | +€198 | +63.2% |
| Total equity and liabilities | 10/49 | €91,154 | €61,562 | -€29,593 | -32.5% |
| Equity | 10/15 | €4,789 | -€6,546 | -€11,335 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,213 | €21,213 | = | 0.0% |
| Distributable reserves | 133 | €21,213 | €21,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,623 | -€33,958 | -€11,335 | -50.1% |
| Amounts payable | 17/49 | €86,365 | €68,107 | -€18,257 | -21.1% |
| Amounts payable after more than one year | 17 | €28,948 | €16,641 | -€12,307 | -42.5% |
| Financial debts | 170/4 | €28,948 | €16,641 | -€12,307 | -42.5% |
| Amounts payable within one year | 42/48 | €57,417 | €51,466 | -€5,950 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €15,436 | €12,307 | -€3,129 | -20.3% |
| Financial debts | 43 | €2,976 | €17,235 | +€14,259 | +479.1% |
| Credit institutions | 430/8 | €2,976 | €17,235 | +€14,259 | +479.1% |
| Trade debts | 44 | €35,418 | €18,401 | -€17,017 | -48.0% |
| Suppliers | 440/4 | €35,418 | €18,401 | -€17,017 | -48.0% |
| Taxes, remuneration and social security | 45 | €3,586 | €3,523 | -€63 | -1.8% |
| Taxes | 450/3 | €431 | €423 | -€8 | -1.8% |
| Remuneration and social security | 454/9 | €3,155 | €3,100 | -€55 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,430 | €18,282 | +€1,852 | +11.3% |
| Other operating charges | 640/8 | €1,965 | €2,179 | +€214 | +10.9% |
| Gross operating margin | 9900 | €27,533 | €13,983 | -€13,550 | -49.2% |
| Operating profit (loss) | 9901 | €9,138 | -€6,478 | -€15,616 | |
| Financial income | 75/76B | €31 | €934 | +€903 | +2874.8% |
| Recurring financial income | 75 | €31 | €934 | +€903 | +2874.8% |
| Financial charges | 65/66B | €4,300 | €5,583 | +€1,282 | +29.8% |
| Recurring financial charges | 65 | €4,300 | €5,583 | +€1,282 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €4,869 | -€11,127 | -€15,996 | |
| Income taxes | 67/77 | €1,514 | €209 | -€1,305 | -86.2% |
| Profit (loss) for the period | 9904 | €3,355 | -€11,335 | -€14,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,355 | -€11,335 | -€14,690 |
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 10 October 2026 via checked.be.