CONCEPT FINANCES: 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 FINANCES
Largest movements
- Intangible fixed assets -€182,851
down €182,851 (-11.8%), from €1.6m to €1.4m
- Deferred charges and accrued income +€129,755
up €129,755 (+38.8%), from €334,530 to €464,284
- Current investments +€50,453
new in 2025: €50,453
- Receivables within one year +€26,252
new in 2025: €26,252
- Other debts +€310,000
up €310,000 (+155%), from €200,000 to €510,000
- Debts after one year -€163,680
down €163,680 (-13.9%), from €1.2m to €1.0m
- Short-term financial debts -€131,778
no longer reported in 2025 (was €131,778)
- Tax, wage and social debts -€37,212
down €37,212 (-39.0%), from €95,347 to €58,135
of which Taxes: -€41,878
- Reserves +€25,212
up €25,212 (+17.8%), from €141,846 to €167,057
- Gross operating margin +€182,541
up €182,541 (+17.2%), from €1.1m to €1.2m
- Staff costs -€67,252
down €67,252 (-13.0%), from €517,823 to €450,572
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
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 | €1,915,168 | €1,930,791 | +€15,623 | +0.8% |
| Fixed assets | 21/28 | €1,580,638 | €1,389,801 | -€190,837 | -12.1% |
| Intangible fixed assets | 21 | €1,553,484 | €1,370,633 | -€182,851 | -11.8% |
| Tangible fixed assets | 22/27 | €26,890 | €18,904 | -€7,986 | -29.7% |
| Furniture and vehicles | 24 | €26,890 | €18,904 | -€7,986 | -29.7% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €334,530 | €540,990 | +€206,460 | +61.7% |
| Amounts receivable within one year | 40/41 | - | €26,252 | +€26,252 | |
| Trade receivables | 40 | - | €26,252 | +€26,252 | |
| Current investments | 50/53 | - | €50,453 | +€50,453 | |
| Deferred charges and accrued income | 490/1 | €334,530 | €464,284 | +€129,755 | +38.8% |
| Total equity and liabilities | 10/49 | €1,915,168 | €1,930,791 | +€15,623 | +0.8% |
| Equity | 10/15 | €159,846 | €185,057 | +€25,212 | +15.8% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €141,846 | €167,057 | +€25,212 | +17.8% |
| Distributable reserves | 133 | €141,846 | €167,057 | +€25,212 | +17.8% |
| Amounts payable | 17/49 | €1,755,322 | €1,745,734 | -€9,588 | -0.5% |
| Amounts payable after more than one year | 17 | €1,175,096 | €1,011,416 | -€163,680 | -13.9% |
| Financial debts | 170/4 | €1,175,096 | €1,011,416 | -€163,680 | -13.9% |
| Amounts payable within one year | 42/48 | €579,156 | €734,318 | +€155,162 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €140,447 | €163,680 | +€23,233 | +16.5% |
| Financial debts | 43 | €131,778 | - | -€131,778 | |
| Credit institutions | 430/8 | €131,778 | - | -€131,778 | |
| Trade debts | 44 | €11,583 | €2,503 | -€9,081 | -78.4% |
| Suppliers | 440/4 | €11,583 | €2,503 | -€9,081 | -78.4% |
| Taxes, remuneration and social security | 45 | €95,347 | €58,135 | -€37,212 | -39.0% |
| Taxes | 450/3 | €48,818 | €6,940 | -€41,878 | -85.8% |
| Remuneration and social security | 454/9 | €46,529 | €51,196 | +€4,666 | +10.0% |
| Other amounts payable | 47/48 | €200,000 | €510,000 | +€310,000 | +155% |
| Accrued charges and deferred income | 492/3 | €1,071 | - | -€1,071 | |
| Remuneration, social security and pensions | 62 | €517,823 | €450,572 | -€67,252 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,601 | €193,940 | +€339 | +0.2% |
| Other operating charges | 640/8 | €1,157 | €5,661 | +€4,504 | +389% |
| Gross operating margin | 9900 | €1,061,570 | €1,244,111 | +€182,541 | +17.2% |
| Operating profit (loss) | 9901 | €348,989 | €593,939 | +€244,950 | +70.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +344% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +344% |
| Financial charges | 65/66B | €58,499 | €46,788 | -€11,711 | -20.0% |
| Recurring financial charges | 65 | €58,499 | €46,788 | -€11,711 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €290,490 | €547,151 | +€256,661 | +88.4% |
| Income taxes | 67/77 | €21,535 | €11,940 | -€9,595 | -44.6% |
| Profit (loss) for the period | 9904 | €268,955 | €535,212 | +€266,256 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €268,955 | €535,212 | +€266,256 | +99.0% |
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 29 October 2026 via checked.be.