CONCEPT-F3: 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-F3
Largest movements
- Cash -€18,582
down €18,582 (-60.1%), from €30,931 to €12,349
mainly Net result for the year (-€19,090) and Debts after one year (-€9,894)
- Receivables within one year +€5,458
up €5,458 (+182%), from €3,000 to €8,458
of which Trade receivables: +€5,445
- Reserves -€53,169
down €53,169 (-22.8%), from €233,052 to €179,883
of which Distributable reserves: -€53,169
- Profit (loss) carried forward +€34,078
up €34,078, from -€34,078 to €0
- Debts after one year -€9,894
down €9,894 (-10.9%), from €90,668 to €80,774
- Other debts +€8,404
up €8,404 (+8.1%), from €103,842 to €112,246
- Accrued charges and deferred income +€5,904
up €5,904 (+527%), from €1,120 to €7,024
- Gross operating margin -€21,632
down €21,632 (-88.1%), from €24,552 to €2,920
- Staff costs -€17,657
down €17,657 (-74.3%), from €23,751 to €6,094
- Financial charges +€6,872
up €6,872 (+155%), from €4,448 to €11,319
- Other operating charges -€651
down €651 (-29.2%), from €2,228 to €1,576
- Financial income +€530
up €530 (+6,627%), from €8 to €538
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 | €418,460 | €403,574 | -€14,886 | -3.6% |
| Fixed assets | 21/28 | €384,453 | €382,193 | -€2,260 | -0.6% |
| Tangible fixed assets | 22/27 | €175,249 | €171,690 | -€3,559 | -2.0% |
| Land and buildings | 22 | €175,249 | €171,690 | -€3,559 | -2.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €209,204 | €210,502 | +€1,299 | +0.6% |
| Current assets | 29/58 | €34,008 | €21,382 | -€12,626 | -37.1% |
| Amounts receivable within one year | 40/41 | €3,000 | €8,458 | +€5,458 | +182% |
| Trade receivables | 40 | €0 | €5,445 | +€5,445 | |
| Other amounts receivable | 41 | €3,000 | €3,013 | +€13 | +0.4% |
| Cash at bank and in hand | 54/58 | €30,931 | €12,349 | -€18,582 | -60.1% |
| Deferred charges and accrued income | 490/1 | €76 | €574 | +€498 | +651% |
| Total equity and liabilities | 10/49 | €418,460 | €403,574 | -€14,886 | -3.6% |
| Equity | 10/15 | €205,173 | €186,083 | -€19,090 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €233,052 | €179,883 | -€53,169 | -22.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €233,052 | €179,883 | -€53,169 | -22.8% |
| Profit (loss) carried forward | 14 | -€34,078 | €0 | +€34,078 | |
| Amounts payable | 17/49 | €213,287 | €217,491 | +€4,204 | +2.0% |
| Amounts payable after more than one year | 17 | €90,668 | €80,774 | -€9,894 | -10.9% |
| Financial debts | 170/4 | €90,668 | €80,774 | -€9,894 | -10.9% |
| Amounts payable within one year | 42/48 | €121,499 | €129,694 | +€8,194 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €9,496 | €9,894 | +€398 | +4.2% |
| Trade debts | 44 | €1,215 | €1,477 | +€262 | +21.6% |
| Suppliers | 440/4 | €1,215 | €1,477 | +€262 | +21.6% |
| Taxes, remuneration and social security | 45 | €6,947 | €6,077 | -€870 | -12.5% |
| Taxes | 450/3 | €3,336 | €6,077 | +€2,740 | +82.1% |
| Remuneration and social security | 454/9 | €3,611 | €0 | -€3,611 | -100% |
| Other amounts payable | 47/48 | €103,842 | €112,246 | +€8,404 | +8.1% |
| Accrued charges and deferred income | 492/3 | €1,120 | €7,024 | +€5,904 | +527% |
| Remuneration, social security and pensions | 62 | €23,751 | €6,094 | -€17,657 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,915 | €3,559 | -€356 | -9.1% |
| Other operating charges | 640/8 | €2,228 | €1,576 | -€651 | -29.2% |
| Gross operating margin | 9900 | €24,552 | €2,920 | -€21,632 | -88.1% |
| Operating profit (loss) | 9901 | -€5,341 | -€8,309 | -€2,968 | -55.6% |
| Financial income | 75/76B | €8 | €538 | +€530 | +6,627% |
| Recurring financial income | 75 | €8 | €538 | +€530 | +6,627% |
| Financial charges | 65/66B | €4,448 | €11,319 | +€6,872 | +155% |
| Recurring financial charges | 65 | €4,448 | €11,319 | +€6,872 | +155% |
| Profit (loss) for the period before taxes | 9903 | -€9,781 | -€19,090 | -€9,310 | -95.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,781 | -€19,090 | -€9,310 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,781 | -€19,090 | -€9,310 | -95.2% |
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 30 October 2026 via checked.be.