CONCEPT MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Receivables within one year -€35,690
down €35,690 (-50.2%), from €71,074 to €35,384
of which Other amounts receivable: -€25,370
- Tangible fixed assets -€17,085
down €17,085 (-2.6%), from €660,204 to €643,119
of which Land and buildings: -€14,550
- Other debts +€47,814
up €47,814 (+244.0%), from €19,596 to €67,410
- Tax, wage and social debts -€40,339
down €40,339 (-62.6%), from €64,451 to €24,112
of which Remuneration and social security: -€38,444
- Debts after one year -€33,071
down €33,071 (-16.9%), from €195,709 to €162,638
- Profit (loss) carried forward -€22,628
new in 2025: -€22,628
- Gross operating margin -€89,116
down €89,116 (-59.8%), from €148,943 to €59,827
- Taxes -€31,308
down €31,308 (-83.2%), from €37,646 to €6,338
- Financial income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
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
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 | €1,311,014 | €1,265,959 | -€45,055 | -3.4% |
| Fixed assets | 21/28 | €1,210,204 | €1,193,119 | -€17,085 | -1.4% |
| Tangible fixed assets | 22/27 | €660,204 | €643,119 | -€17,085 | -2.6% |
| Land and buildings | 22 | €607,220 | €592,670 | -€14,550 | -2.4% |
| Plant, machinery and equipment | 23 | €50,737 | €48,790 | -€1,947 | -3.8% |
| Furniture and vehicles | 24 | €2,246 | €1,659 | -€588 | -26.2% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €100,810 | €72,840 | -€27,971 | -27.7% |
| Amounts receivable within one year | 40/41 | €71,074 | €35,384 | -€35,690 | -50.2% |
| Trade receivables | 40 | €31,901 | €21,581 | -€10,320 | -32.3% |
| Other amounts receivable | 41 | €39,173 | €13,803 | -€25,370 | -64.8% |
| Cash at bank and in hand | 54/58 | €22,837 | €31,197 | +€8,361 | +36.6% |
| Deferred charges and accrued income | 490/1 | €6,900 | €6,259 | -€641 | -9.3% |
| Total equity and liabilities | 10/49 | €1,311,014 | €1,265,959 | -€45,055 | -3.4% |
| Equity | 10/15 | €995,624 | €972,996 | -€22,628 | -2.3% |
| Contributions | 10/11 | €482,000 | €482,000 | = | 0.0% |
| Capital | 10 | €482,000 | €482,000 | = | 0.0% |
| Issued capital | 100 | €482,000 | €482,000 | = | 0.0% |
| Reserves | 13 | €513,624 | €513,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,200 | €48,200 | = | 0.0% |
| Legal reserve | 130 | €48,200 | €48,200 | = | 0.0% |
| Distributable reserves | 133 | €465,424 | €465,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,628 | -€22,628 | |
| Amounts payable | 17/49 | €315,390 | €292,963 | -€22,427 | -7.1% |
| Amounts payable after more than one year | 17 | €195,709 | €162,638 | -€33,071 | -16.9% |
| Financial debts | 170/4 | €195,709 | €162,638 | -€33,071 | -16.9% |
| Amounts payable within one year | 42/48 | €119,681 | €130,303 | +€10,622 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €32,271 | €33,071 | +€800 | +2.5% |
| Financial debts | 43 | €1,691 | €1,700 | +€9 | +0.5% |
| Credit institutions | 430/8 | €1,691 | €1,700 | +€9 | +0.5% |
| Trade debts | 44 | €1,672 | €4,010 | +€2,338 | +139.8% |
| Suppliers | 440/4 | €1,672 | €4,010 | +€2,338 | +139.8% |
| Taxes, remuneration and social security | 45 | €64,451 | €24,112 | -€40,339 | -62.6% |
| Taxes | 450/3 | €26,007 | €24,112 | -€1,895 | -7.3% |
| Remuneration and social security | 454/9 | €38,444 | - | -€38,444 | |
| Other amounts payable | 47/48 | €19,596 | €67,410 | +€47,814 | +244.0% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,022 | €19,759 | +€737 | +3.9% |
| Other operating charges | 640/8 | €6,454 | €6,976 | +€522 | +8.1% |
| Non-recurring operating charges | 66A | €1,227 | €39,016 | +€37,788 | +3079.3% |
| Gross operating margin | 9900 | €148,943 | €59,827 | -€89,116 | -59.8% |
| Operating profit (loss) | 9901 | €122,240 | -€5,923 | -€128,163 | |
| Financial income | 75/76B | €15,000 | €0 | -€15,000 | -100.0% |
| Recurring financial income | 75 | €15,000 | €0 | -€15,000 | -100.0% |
| Financial charges | 65/66B | €9,159 | €10,367 | +€1,207 | +13.2% |
| Recurring financial charges | 65 | €9,159 | €10,367 | +€1,207 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €128,080 | -€16,290 | -€144,370 | |
| Income taxes | 67/77 | €37,646 | €6,338 | -€31,308 | -83.2% |
| Profit (loss) for the period | 9904 | €90,435 | -€22,628 | -€113,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,435 | -€22,628 | -€113,063 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.