CONCEPT PLUS: 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 PLUS
Largest movements
- Cash +€106,729
up €106,729 (+712%), from €14,988 to €121,717
mainly Receivables within one year (+€85,647) and Tax, wage and social debts (+€49,545)
- Receivables within one year -€85,647
down €85,647 (-42.3%), from €202,307 to €116,660
of which Trade receivables: -€72,025
- Tangible fixed assets -€15,278
down €15,278 (-8.2%), from €187,368 to €172,090
- Stocks and contracts -€11,072
down €11,072 (-21.4%), from €51,665 to €40,594
of which Stocks: -€26,072
- Trade debts -€74,959
down €74,959 (-54.9%), from €136,574 to €61,615
- Tax, wage and social debts +€49,545
up €49,545 (+209%), from €23,660 to €73,205
of which Taxes: +€57,594
- Reserves +€43,218
up €43,218 (+27.0%), from €159,880 to €203,098
- Debts after one year -€21,373
down €21,373 (-20.5%), from €104,264 to €82,890
- Gross operating margin +€25,502
up €25,502 (+7.1%), from €359,963 to €385,465
- Taxes +€12,943
up €12,943 (+167%), from €7,771 to €20,713
- Staff costs -€12,681
down €12,681 (-4.3%), from €291,849 to €279,168
- Financial charges -€4,172
down €4,172 (-27.2%), from €15,341 to €11,169
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 | €458,838 | €451,061 | -€7,777 | -1.7% |
| Fixed assets | 21/28 | €187,368 | €172,090 | -€15,278 | -8.2% |
| Tangible fixed assets | 22/27 | €187,368 | €172,090 | -€15,278 | -8.2% |
| Plant, machinery and equipment | 23 | €127,503 | €120,750 | -€6,753 | -5.3% |
| Furniture and vehicles | 24 | €17,102 | €15,569 | -€1,533 | -9.0% |
| Leasing and similar rights | 25 | €6,875 | €2,228 | -€4,647 | -67.6% |
| Other tangible fixed assets | 26 | €35,889 | €33,544 | -€2,345 | -6.5% |
| Current assets | 29/58 | €271,470 | €278,971 | +€7,501 | +2.8% |
| Stocks and contracts in progress | 3 | €51,665 | €40,594 | -€11,072 | -21.4% |
| Stocks | 30/36 | €51,665 | €25,594 | -€26,072 | -50.5% |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €202,307 | €116,660 | -€85,647 | -42.3% |
| Trade receivables | 40 | €177,881 | €105,856 | -€72,025 | -40.5% |
| Other amounts receivable | 41 | €24,426 | €10,804 | -€13,622 | -55.8% |
| Cash at bank and in hand | 54/58 | €14,988 | €121,717 | +€106,729 | +712% |
| Deferred charges and accrued income | 490/1 | €2,510 | €0 | -€2,510 | -100% |
| Total equity and liabilities | 10/49 | €458,838 | €451,061 | -€7,777 | -1.7% |
| Equity | 10/15 | €166,080 | €209,298 | +€43,218 | +26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,880 | €203,098 | +€43,218 | +27.0% |
| Distributable reserves | 133 | €159,880 | €203,098 | +€43,218 | +27.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €292,758 | €241,763 | -€50,995 | -17.4% |
| Amounts payable after more than one year | 17 | €104,264 | €82,890 | -€21,373 | -20.5% |
| Financial debts | 170/4 | €104,264 | €82,890 | -€21,373 | -20.5% |
| Amounts payable within one year | 42/48 | €187,594 | €158,872 | -€28,722 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €25,693 | €24,053 | -€1,639 | -6.4% |
| Trade debts | 44 | €136,574 | €61,615 | -€74,959 | -54.9% |
| Suppliers | 440/4 | €136,574 | €61,615 | -€74,959 | -54.9% |
| Taxes, remuneration and social security | 45 | €23,660 | €73,205 | +€49,545 | +209% |
| Taxes | 450/3 | €8,864 | €66,458 | +€57,594 | +650% |
| Remuneration and social security | 454/9 | €14,795 | €6,746 | -€8,049 | -54.4% |
| Other amounts payable | 47/48 | €1,668 | €0 | -€1,668 | -100% |
| Accrued charges and deferred income | 492/3 | €900 | €0 | -€900 | -100% |
| Remuneration, social security and pensions | 62 | €291,849 | €279,168 | -€12,681 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,262 | €30,125 | +€1,862 | +6.6% |
| Other operating charges | 640/8 | €5,068 | €3,412 | -€1,656 | -32.7% |
| Gross operating margin | 9900 | €359,963 | €385,465 | +€25,502 | +7.1% |
| Operating profit (loss) | 9901 | €34,784 | €72,761 | +€37,977 | +109% |
| Financial income | 75/76B | €821 | €2,340 | +€1,519 | +185% |
| Recurring financial income | 75 | €821 | €2,340 | +€1,519 | +185% |
| Financial charges | 65/66B | €15,341 | €11,169 | -€4,172 | -27.2% |
| Recurring financial charges | 65 | €15,341 | €11,169 | -€4,172 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €20,263 | €63,931 | +€43,668 | +216% |
| Income taxes | 67/77 | €7,771 | €20,713 | +€12,943 | +167% |
| Profit (loss) for the period | 9904 | €12,493 | €43,218 | +€30,726 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €12,493 | €43,218 | +€30,726 | +246% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.