Concept et Forme Immo: 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 et Forme Immo
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+122%), from €1.5m to €3.3m
of which Assets under construction and advance payments: +€2.0m
- Cash -€1.3m
down €1.3m (-95.6%), from €1.3m to €59,648
mainly Investment in fixed assets (net) (-€2.0m) and Debts after one year (-€150,000)
- Receivables within one year -€133,216
down €133,216 (-58.0%), from €229,867 to €96,652
of which Trade receivables: -€144,107
- Profit (loss) carried forward +€376,467
up €376,467 (+30.0%), from €1.3m to €1.6m
- Debts after one year -€150,000
down €150,000 (-70.6%), from €212,500 to €62,500
- Trade debts +€125,374
up €125,374 (+5,655%), from €2,217 to €127,591
- Other debts +€120,000
new in 2025: €120,000
- Tax, wage and social debts -€60,691
down €60,691 (-93.8%), from €64,679 to €3,988
of which Taxes: -€54,235
- Other operating charges -€115,508
down €115,508 (-42.3%), from €273,196 to €157,689
- Gross operating margin -€104,430
down €104,430 (-10.9%), from €959,036 to €854,605
- Staff costs -€34,506
down €34,506 (-99.9%), from €34,535 to €29
- Depreciation -€19,339
down €19,339 (-8.9%), from €216,362 to €197,023
- Taxes +€15,351
up €15,351 (+14.0%), from €109,708 to €125,059
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 | €3,075,783 | €3,485,638 | +€409,854 | +13.3% |
| Fixed assets | 21/28 | €1,499,946 | €3,329,259 | +€1.8m | +122% |
| Tangible fixed assets | 22/27 | €1,499,896 | €3,329,009 | +€1.8m | +122% |
| Land and buildings | 22 | €1,283,127 | €1,119,589 | -€163,538 | -12.7% |
| Plant, machinery and equipment | 23 | €1,504 | €570 | -€934 | -62.1% |
| Furniture and vehicles | 24 | €12,440 | €7,115 | -€5,324 | -42.8% |
| Leasing and similar rights | 25 | €103,951 | €85,051 | -€18,900 | -18.2% |
| Assets under construction and advance payments | 27 | €98,876 | €2,116,684 | +€2.0m | +2,041% |
| Financial fixed assets | 28 | €50 | €250 | +€200 | +400% |
| Current assets | 29/58 | €1,575,837 | €156,378 | -€1.4m | -90.1% |
| Amounts receivable within one year | 40/41 | €229,867 | €96,652 | -€133,216 | -58.0% |
| Trade receivables | 40 | €229,867 | €85,760 | -€144,107 | -62.7% |
| Other amounts receivable | 41 | €0 | €10,892 | +€10,892 | |
| Cash at bank and in hand | 54/58 | €1,345,893 | €59,648 | -€1.3m | -95.6% |
| Deferred charges and accrued income | 490/1 | €78 | €79 | +€1 | +1.5% |
| Total equity and liabilities | 10/49 | €3,075,783 | €3,485,638 | +€409,854 | +13.3% |
| Equity | 10/15 | €2,646,387 | €3,021,559 | +€375,172 | +14.2% |
| Contributions | 10/11 | €28,055 | €28,055 | = | 0.0% |
| Reserves | 13 | €1,355,640 | €1,355,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,806 | €2,806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,806 | €2,806 | = | 0.0% |
| Distributable reserves | 133 | €1,352,834 | €1,352,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,253,485 | €1,629,952 | +€376,467 | +30.0% |
| Investment grants | 15 | €9,207 | €7,913 | -€1,295 | -14.1% |
| Amounts payable | 17/49 | €429,396 | €464,079 | +€34,682 | +8.1% |
| Amounts payable after more than one year | 17 | €212,500 | €62,500 | -€150,000 | -70.6% |
| Financial debts | 170/4 | €212,500 | €62,500 | -€150,000 | -70.6% |
| Amounts payable within one year | 42/48 | €216,896 | €401,579 | +€184,682 | +85.1% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €2,217 | €127,591 | +€125,374 | +5,655% |
| Suppliers | 440/4 | €2,217 | €127,591 | +€125,374 | +5,655% |
| Taxes, remuneration and social security | 45 | €64,679 | €3,988 | -€60,691 | -93.8% |
| Taxes | 450/3 | €58,223 | €3,988 | -€54,235 | -93.2% |
| Remuneration and social security | 454/9 | €6,456 | €0 | -€6,456 | -100% |
| Other amounts payable | 47/48 | - | €120,000 | +€120,000 | |
| Remuneration, social security and pensions | 62 | €34,535 | €29 | -€34,506 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,362 | €197,023 | -€19,339 | -8.9% |
| Other operating charges | 640/8 | €273,196 | €157,689 | -€115,508 | -42.3% |
| Gross operating margin | 9900 | €959,036 | €854,605 | -€104,430 | -10.9% |
| Operating profit (loss) | 9901 | €434,943 | €499,864 | +€64,922 | +14.9% |
| Financial income | 75/76B | €11,065 | €4,864 | -€6,201 | -56.0% |
| Recurring financial income | 75 | €11,065 | €4,864 | -€6,201 | -56.0% |
| Financial charges | 65/66B | €4,608 | €3,202 | -€1,405 | -30.5% |
| Recurring financial charges | 65 | €4,608 | €3,202 | -€1,405 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €441,400 | €501,526 | +€60,126 | +13.6% |
| Income taxes | 67/77 | €109,708 | €125,059 | +€15,351 | +14.0% |
| Profit (loss) for the period | 9904 | €331,692 | €376,467 | +€44,775 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €331,692 | €376,467 | +€44,775 | +13.5% |
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 17 October 2026 via checked.be.