CONCEPT PLUS: 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 PLUS
Largest movements
- Stocks and contracts -€196,813
down €196,813 (-7.1%), from €2.8m to €2.6m
- Cash +€93,247
up €93,247 (+389.6%), from €23,932 to €117,179
mainly Debts after one year (+€456,367) and Stocks and contracts (+€196,813)
- Debts after one year +€456,367
up €456,367 (+33.1%), from €1.4m to €1.8m
of which Financial debts: +€409,404
- Trade debts -€309,479
down €309,479 (-73.5%), from €421,314 to €111,835
- Reserves -€270,688
down €270,688 (-30.6%), from €883,362 to €612,674
of which Distributable reserves: -€270,688
- Gross operating margin -€140,151
down €140,151 (-258.7%), from -€54,171 to -€194,321
- Financial income -€5,683
down €5,683 (-97.3%), from €5,843 to €160
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 | €2,912,820 | €2,785,245 | -€127,575 | -4.4% |
| Fixed assets | 21/28 | €18,533 | €17,264 | -€1,269 | -6.8% |
| Intangible fixed assets | 21 | €2,931 | €1,662 | -€1,269 | -43.3% |
| Financial fixed assets | 28 | €15,602 | €15,602 | = | 0.0% |
| Current assets | 29/58 | €2,894,287 | €2,767,981 | -€126,306 | -4.4% |
| Amounts receivable after more than one year | 29 | €58,114 | €53,078 | -€5,037 | -8.7% |
| Other amounts receivable | 291 | €58,114 | €53,078 | -€5,037 | -8.7% |
| Stocks and contracts in progress | 3 | €2,791,128 | €2,594,316 | -€196,813 | -7.1% |
| Stocks | 30/36 | €2,791,128 | €2,594,316 | -€196,813 | -7.1% |
| Amounts receivable within one year | 40/41 | €14,088 | €2,730 | -€11,358 | -80.6% |
| Trade receivables | 40 | €1,452 | €0 | -€1,452 | -100.0% |
| Other amounts receivable | 41 | €12,636 | €2,730 | -€9,906 | -78.4% |
| Current investments | 50/53 | €1,212 | €8 | -€1,204 | -99.3% |
| Cash at bank and in hand | 54/58 | €23,932 | €117,179 | +€93,247 | +389.6% |
| Deferred charges and accrued income | 490/1 | €5,813 | €671 | -€5,142 | -88.5% |
| Total equity and liabilities | 10/49 | €2,912,820 | €2,785,245 | -€127,575 | -4.4% |
| Equity | 10/15 | €1,103,362 | €832,674 | -€270,688 | -24.5% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €883,362 | €612,674 | -€270,688 | -30.6% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €861,362 | €590,674 | -€270,688 | -31.4% |
| Amounts payable | 17/49 | €1,809,458 | €1,952,571 | +€143,112 | +7.9% |
| Amounts payable after more than one year | 17 | €1,378,200 | €1,834,567 | +€456,367 | +33.1% |
| Financial debts | 170/4 | €1,378,200 | €1,787,604 | +€409,404 | +29.7% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €46,963 | +€46,963 | |
| Amounts payable within one year | 42/48 | €431,258 | €118,003 | -€313,255 | -72.6% |
| Trade debts | 44 | €421,314 | €111,835 | -€309,479 | -73.5% |
| Suppliers | 440/4 | €421,314 | €111,835 | -€309,479 | -73.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,944 | €6,168 | -€3,776 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €1,269 | +€304 | +31.5% |
| Other operating charges | 640/8 | €1,154 | €1,138 | -€16 | -1.4% |
| Gross operating margin | 9900 | -€54,171 | -€194,321 | -€140,151 | -258.7% |
| Operating profit (loss) | 9901 | -€56,290 | -€196,728 | -€140,439 | -249.5% |
| Financial income | 75/76B | €5,843 | €160 | -€5,683 | -97.3% |
| Recurring financial income | 75 | €5,843 | €160 | -€5,683 | -97.3% |
| Financial charges | 65/66B | €74,556 | €74,119 | -€437 | -0.6% |
| Recurring financial charges | 65 | €74,556 | €74,119 | -€437 | -0.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€125,002 | -€270,688 | -€145,685 | -116.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€125,002 | -€270,688 | -€145,685 | -116.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,002 | -€270,688 | -€145,685 | -116.5% |
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 8 October 2026 via checked.be.