CONCEPT NOTTE: 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 NOTTE
Largest movements
- Tangible fixed assets -€22,004
down €22,004 (-18.3%), from €120,241 to €98,237
of which Leasing and similar rights: -€12,867
- Receivables within one year +€5,262
up €5,262 (+158.6%), from €3,317 to €8,579
of which Other amounts receivable: +€3,470
- Deferred charges and accrued income -€5,125
down €5,125 (-54.9%), from €9,344 to €4,219
- Stocks and contracts -€4,732
down €4,732 (-23.6%), from €20,028 to €15,296
- Cash +€3,909
up €3,909 (+38.0%), from €10,279 to €14,188
mainly Depreciation (+€27,042) and Trade debts (+€7,319)
- Profit (loss) carried forward -€22,874
down €22,874 (-33.6%), from -€67,980 to -€90,853
- Current portion of long-term debt -€7,529
down €7,529 (-82.2%), from €9,160 to €1,631
- Trade debts +€7,319
up €7,319 (+48.7%), from €15,037 to €22,356
- Other debts +€3,803
up €3,803 (+2.1%), from €181,806 to €185,610
- Short-term financial debts -€3,050
down €3,050 (-10.9%), from €28,050 to €25,000
- Gross operating margin +€37,854
up €37,854, from -€24,639 to €13,215
- Depreciation +€1,808
up €1,808 (+7.2%), from €25,235 to €27,042
- Staff costs -€1,757
down €1,757 (-42.4%), from €4,142 to €2,385
- Other operating charges +€1,201
up €1,201 (+299.3%), from €401 to €1,602
- Financial charges -€646
down €646 (-12.2%), from €5,286 to €4,640
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 | €179,829 | €154,963 | -€24,866 | -13.8% |
| Fixed assets | 21/28 | €136,861 | €112,681 | -€24,180 | -17.7% |
| Intangible fixed assets | 21 | €16,620 | €14,444 | -€2,176 | -13.1% |
| Tangible fixed assets | 22/27 | €120,241 | €98,237 | -€22,004 | -18.3% |
| Plant, machinery and equipment | 23 | €98,598 | €85,985 | -€12,613 | -12.8% |
| Furniture and vehicles | 24 | €8,776 | €12,252 | +€3,476 | +39.6% |
| Leasing and similar rights | 25 | €12,867 | - | -€12,867 | |
| Current assets | 29/58 | €42,968 | €42,281 | -€686 | -1.6% |
| Stocks and contracts in progress | 3 | €20,028 | €15,296 | -€4,732 | -23.6% |
| Stocks | 30/36 | €20,028 | €15,296 | -€4,732 | -23.6% |
| Amounts receivable within one year | 40/41 | €3,317 | €8,579 | +€5,262 | +158.6% |
| Trade receivables | 40 | €3,317 | €5,109 | +€1,792 | +54.0% |
| Other amounts receivable | 41 | - | €3,470 | +€3,470 | |
| Cash at bank and in hand | 54/58 | €10,279 | €14,188 | +€3,909 | +38.0% |
| Deferred charges and accrued income | 490/1 | €9,344 | €4,219 | -€5,125 | -54.9% |
| Total equity and liabilities | 10/49 | €179,829 | €154,963 | -€24,866 | -13.8% |
| Equity | 10/15 | -€59,920 | -€82,793 | -€22,874 | -38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,980 | -€90,853 | -€22,874 | -33.6% |
| Amounts payable | 17/49 | €239,748 | €237,756 | -€1,992 | -0.8% |
| Amounts payable after more than one year | 17 | €1,631 | - | -€1,631 | |
| Financial debts | 170/4 | €1,631 | - | -€1,631 | |
| Amounts payable within one year | 42/48 | €236,851 | €237,712 | +€861 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €9,160 | €1,631 | -€7,529 | -82.2% |
| Financial debts | 43 | €28,050 | €25,000 | -€3,050 | -10.9% |
| Credit institutions | 430/8 | €28,050 | €25,000 | -€3,050 | -10.9% |
| Trade debts | 44 | €15,037 | €22,356 | +€7,319 | +48.7% |
| Suppliers | 440/4 | €15,037 | €22,356 | +€7,319 | +48.7% |
| Taxes, remuneration and social security | 45 | €2,797 | €3,115 | +€318 | +11.4% |
| Taxes | 450/3 | €2,694 | €2,112 | -€582 | -21.6% |
| Remuneration and social security | 454/9 | €102 | €1,003 | +€901 | +881.5% |
| Other amounts payable | 47/48 | €181,806 | €185,610 | +€3,803 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,266 | €44 | -€1,222 | -96.5% |
| Remuneration, social security and pensions | 62 | €4,142 | €2,385 | -€1,757 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,235 | €27,042 | +€1,808 | +7.2% |
| Other operating charges | 640/8 | €401 | €1,602 | +€1,201 | +299.3% |
| Gross operating margin | 9900 | -€24,639 | €13,215 | +€37,854 | |
| Operating profit (loss) | 9901 | -€54,416 | -€17,814 | +€36,602 | +67.3% |
| Financial income | 75/76B | €1 | €31 | +€31 | +3594.1% |
| Recurring financial income | 75 | €1 | €31 | +€31 | +3594.1% |
| Financial charges | 65/66B | €5,286 | €4,640 | -€646 | -12.2% |
| Recurring financial charges | 65 | €5,286 | €4,640 | -€646 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,702 | -€22,423 | +€37,279 | +62.4% |
| Income taxes | 67/77 | €455 | €450 | -€5 | -1.0% |
| Profit (loss) for the period | 9904 | -€60,157 | -€22,874 | +€37,284 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,157 | -€22,874 | +€37,284 | +62.0% |
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 11 October 2026 via checked.be.