Concept Leathers: 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 Leathers
Largest movements
- Receivables within one year -€17,939
down €17,939 (-70.0%), from €25,623 to €7,684
of which Trade receivables: -€16,284
- Tangible fixed assets -€9,605
down €9,605 (-32.5%), from €29,562 to €19,957
of which Leasing and similar rights: -€7,533
- Cash -€4,127
down €4,127 (-29.7%), from €13,906 to €9,779
mainly Trade debts (-€25,378) and Contributions, distributions and other (-€22,445)
- Stocks and contracts -€1,688
down €1,688 (-5.6%), from €30,352 to €28,665
- Trade debts -€25,378
down €25,378 (-70.7%), from €35,902 to €10,524
- Reserves -€13,947
down €13,947 (-100%), from €13,947 to €0
- Other debts +€7,823
up €7,823 (+46.2%), from €16,932 to €24,755
- Debts after one year -€7,012
down €7,012 (-100%), from €7,012 to €0
- Current portion of long-term debt +€3,430
up €3,430 (+95.8%), from €3,582 to €7,012
- Staff costs -€3,454
down €3,454 (-7.0%), from €49,524 to €46,071
- Gross operating margin -€3,269
down €3,269 (-4.4%), from €75,041 to €71,772
- Write-downs -€3,170
down €3,170 (-100%), from €3,170 to €0
- Financial charges +€1,343
up €1,343 (+152%), from €885 to €2,228
- Taxes -€1,129
down €1,129 (-20.7%), from €5,458 to €4,329
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 | €100,145 | €66,448 | -€33,698 | -33.6% |
| Fixed assets | 21/28 | €29,925 | €20,320 | -€9,605 | -32.1% |
| Tangible fixed assets | 22/27 | €29,562 | €19,957 | -€9,605 | -32.5% |
| Land and buildings | 22 | €18,635 | €16,563 | -€2,072 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Leasing and similar rights | 25 | €10,927 | €3,394 | -€7,533 | -68.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €70,220 | €46,128 | -€24,093 | -34.3% |
| Stocks and contracts in progress | 3 | €30,352 | €28,665 | -€1,688 | -5.6% |
| Stocks | 30/36 | €30,352 | €28,665 | -€1,688 | -5.6% |
| Amounts receivable within one year | 40/41 | €25,623 | €7,684 | -€17,939 | -70.0% |
| Trade receivables | 40 | €23,948 | €7,663 | -€16,284 | -68.0% |
| Other amounts receivable | 41 | €1,676 | €21 | -€1,655 | -98.7% |
| Cash at bank and in hand | 54/58 | €13,906 | €9,779 | -€4,127 | -29.7% |
| Deferred charges and accrued income | 490/1 | €339 | €0 | -€339 | -100% |
| Total equity and liabilities | 10/49 | €100,145 | €66,448 | -€33,698 | -33.6% |
| Equity | 10/15 | €18,947 | €5,000 | -€13,947 | -73.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,947 | €0 | -€13,947 | -100% |
| Distributable reserves | 133 | €13,947 | €0 | -€13,947 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,198 | €61,448 | -€19,750 | -24.3% |
| Amounts payable after more than one year | 17 | €7,012 | €0 | -€7,012 | -100% |
| Financial debts | 170/4 | €7,012 | €0 | -€7,012 | -100% |
| Amounts payable within one year | 42/48 | €74,186 | €61,448 | -€12,738 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €3,582 | €7,012 | +€3,430 | +95.8% |
| Trade debts | 44 | €35,902 | €10,524 | -€25,378 | -70.7% |
| Suppliers | 440/4 | €35,902 | €10,524 | -€25,378 | -70.7% |
| Taxes, remuneration and social security | 45 | €17,770 | €19,156 | +€1,387 | +7.8% |
| Taxes | 450/3 | €13,271 | €14,921 | +€1,649 | +12.4% |
| Remuneration and social security | 454/9 | €4,498 | €4,236 | -€263 | -5.8% |
| Other amounts payable | 47/48 | €16,932 | €24,755 | +€7,823 | +46.2% |
| Remuneration, social security and pensions | 62 | €49,524 | €46,071 | -€3,454 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,828 | €9,605 | -€223 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,170 | €0 | -€3,170 | -100% |
| Other operating charges | 640/8 | €2,317 | €1,827 | -€490 | -21.2% |
| Gross operating margin | 9900 | €75,041 | €71,772 | -€3,269 | -4.4% |
| Operating profit (loss) | 9901 | €10,201 | €14,270 | +€4,069 | +39.9% |
| Financial income | 75/76B | €22 | €786 | +€764 | +3,476% |
| Recurring financial income | 75 | €22 | €786 | +€764 | +3,476% |
| Financial charges | 65/66B | €885 | €2,228 | +€1,343 | +152% |
| Recurring financial charges | 65 | €885 | €2,228 | +€1,343 | +152% |
| Profit (loss) for the period before taxes | 9903 | €9,338 | €12,827 | +€3,489 | +37.4% |
| Income taxes | 67/77 | €5,458 | €4,329 | -€1,129 | -20.7% |
| Profit (loss) for the period | 9904 | €3,880 | €8,498 | +€4,618 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €3,880 | €8,498 | +€4,618 | +119% |
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 23 October 2026 via checked.be.