Concept'N: 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'N
Largest movements
- Receivables within one year +€10,530
up €10,530 (+156.6%), from €6,724 to €17,254
of which Trade receivables: +€8,489
- Tangible fixed assets -€8,842
down €8,842 (-4.8%), from €183,968 to €175,126
of which Land and buildings: -€4,956
- Deferred charges and accrued income +€6,948
up €6,948 (+620.7%), from €1,119 to €8,067
- Cash -€6,685
down €6,685 (-46.6%), from €14,358 to €7,673
mainly Debts after one year (-€19,858) and Receivables within one year (-€10,530)
- Debts after one year -€19,858
down €19,858 (-16.1%), from €123,074 to €103,216
- Trade debts +€12,076
up €12,076 (+311.5%), from €3,877 to €15,953
- Profit (loss) carried forward +€8,516
up €8,516 (+23.8%), from €35,751 to €44,266
- Other debts -€3,034
down €3,034 (-18.5%), from €16,401 to €13,366
- Tax, wage and social debts +€2,237
up €2,237 (+50.1%), from €4,463 to €6,700
- Gross operating margin -€8,582
down €8,582 (-20.8%), from €41,171 to €32,588
- Taxes -€1,723
down €1,723 (-39.1%), from €4,402 to €2,679
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 | €206,170 | €208,121 | +€1,951 | +0.9% |
| Fixed assets | 21/28 | €183,968 | €175,126 | -€8,842 | -4.8% |
| Tangible fixed assets | 22/27 | €183,968 | €175,126 | -€8,842 | -4.8% |
| Land and buildings | 22 | €108,869 | €103,913 | -€4,956 | -4.6% |
| Plant, machinery and equipment | 23 | €6,072 | €5,265 | -€807 | -13.3% |
| Furniture and vehicles | 24 | €2,538 | €1,349 | -€1,188 | -46.8% |
| Other tangible fixed assets | 26 | €66,489 | €64,599 | -€1,891 | -2.8% |
| Current assets | 29/58 | €22,202 | €32,995 | +€10,793 | +48.6% |
| Amounts receivable within one year | 40/41 | €6,724 | €17,254 | +€10,530 | +156.6% |
| Trade receivables | 40 | €6,444 | €14,933 | +€8,489 | +131.7% |
| Other amounts receivable | 41 | €280 | €2,321 | +€2,041 | +729.2% |
| Cash at bank and in hand | 54/58 | €14,358 | €7,673 | -€6,685 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,119 | €8,067 | +€6,948 | +620.7% |
| Total equity and liabilities | 10/49 | €206,170 | €208,121 | +€1,951 | +0.9% |
| Equity | 10/15 | €38,751 | €47,266 | +€8,516 | +22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,751 | €44,266 | +€8,516 | +23.8% |
| Amounts payable | 17/49 | €167,419 | €160,855 | -€6,565 | -3.9% |
| Amounts payable after more than one year | 17 | €123,074 | €103,216 | -€19,858 | -16.1% |
| Financial debts | 170/4 | €123,074 | €103,216 | -€19,858 | -16.1% |
| Amounts payable within one year | 42/48 | €44,345 | €57,638 | +€13,293 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €19,604 | €19,858 | +€254 | +1.3% |
| Financial debts | 43 | - | €1,681 | +€1,681 | |
| Credit institutions | 430/8 | - | €1,681 | +€1,681 | |
| Trade debts | 44 | €3,877 | €15,953 | +€12,076 | +311.5% |
| Suppliers | 440/4 | €3,877 | €15,953 | +€12,076 | +311.5% |
| Advances received on contracts in progress | 46 | - | €79 | +€79 | |
| Taxes, remuneration and social security | 45 | €4,463 | €6,700 | +€2,237 | +50.1% |
| Taxes | 450/3 | €4,463 | €6,700 | +€2,237 | +50.1% |
| Other amounts payable | 47/48 | €16,401 | €13,366 | -€3,034 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,492 | €16,717 | +€225 | +1.4% |
| Other operating charges | 640/8 | €1,975 | €1,872 | -€103 | -5.2% |
| Gross operating margin | 9900 | €41,171 | €32,588 | -€8,582 | -20.8% |
| Operating profit (loss) | 9901 | €22,704 | €13,999 | -€8,705 | -38.3% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.6% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.6% |
| Financial charges | 65/66B | €2,553 | €2,804 | +€252 | +9.9% |
| Recurring financial charges | 65 | €2,553 | €2,804 | +€252 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €20,190 | €11,195 | -€8,995 | -44.6% |
| Income taxes | 67/77 | €4,402 | €2,679 | -€1,723 | -39.1% |
| Profit (loss) for the period | 9904 | €15,788 | €8,516 | -€7,272 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,788 | €8,516 | -€7,272 | -46.1% |
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.