CONCEPT-R: 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-R
Largest movements
- Receivables within one year +€407,738
up €407,738 (+1016.8%), from €40,102 to €447,839
of which Trade receivables: +€411,377
- Current portion of long-term debt +€157,743
new in 2025: €157,743
- Debts after one year +€81,191
new in 2025: €81,191
- Profit (loss) carried forward +€80,402
up €80,402 (+81.6%), from €98,474 to €178,876
- Trade debts +€52,559
up €52,559 (+948.6%), from €5,541 to €58,100
- Other debts +€26,728
up €26,728 (+335.9%), from €7,956 to €34,684
- Gross operating margin -€52,681
down €52,681 (-40.3%), from €130,811 to €78,130
- Financial income +€38,286
new in 2025: €38,286
- Financial charges +€5,313
up €5,313 (+240.2%), from €2,212 to €7,524
- Staff costs +€5,301
new in 2025: €5,301
- Taxes -€5,176
down €5,176 (-19.2%), from €26,922 to €21,746
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 | €141,008 | €552,515 | +€411,508 | +291.8% |
| Fixed assets | 21/28 | €2,443 | €1,889 | -€554 | -22.7% |
| Tangible fixed assets | 22/27 | €1,943 | €1,204 | -€738 | -38.0% |
| Plant, machinery and equipment | 23 | €1,943 | €1,204 | -€738 | -38.0% |
| Financial fixed assets | 28 | €500 | €684 | +€184 | +36.9% |
| Current assets | 29/58 | €138,565 | €550,627 | +€412,062 | +297.4% |
| Stocks and contracts in progress | 3 | €2,462 | €2,500 | +€38 | +1.5% |
| Stocks | 30/36 | €2,462 | €2,500 | +€38 | +1.5% |
| Amounts receivable within one year | 40/41 | €40,102 | €447,839 | +€407,738 | +1016.8% |
| Trade receivables | 40 | €36,462 | €447,839 | +€411,377 | +1128.2% |
| Other amounts receivable | 41 | €3,639 | €0 | -€3,639 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,651 | €85,733 | +€5,082 | +6.3% |
| Deferred charges and accrued income | 490/1 | €15,350 | €14,555 | -€795 | -5.2% |
| Total equity and liabilities | 10/49 | €141,008 | €552,515 | +€411,508 | +291.8% |
| Equity | 10/15 | €100,474 | €180,876 | +€80,402 | +80.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,474 | €178,876 | +€80,402 | +81.6% |
| Amounts payable | 17/49 | €40,534 | €371,640 | +€331,106 | +816.9% |
| Amounts payable after more than one year | 17 | - | €81,191 | +€81,191 | |
| Financial debts | 170/4 | - | €81,191 | +€81,191 | |
| Amounts payable within one year | 42/48 | €40,534 | €290,449 | +€249,916 | +616.6% |
| Current portion of amounts payable after more than one year | 42 | - | €157,743 | +€157,743 | |
| Trade debts | 44 | €5,541 | €58,100 | +€52,559 | +948.6% |
| Suppliers | 440/4 | €5,541 | €58,100 | +€52,559 | +948.6% |
| Taxes, remuneration and social security | 45 | €27,037 | €39,922 | +€12,885 | +47.7% |
| Taxes | 450/3 | €27,037 | €38,841 | +€11,804 | +43.7% |
| Remuneration and social security | 454/9 | - | €1,081 | +€1,081 | |
| Other amounts payable | 47/48 | €7,956 | €34,684 | +€26,728 | +335.9% |
| Remuneration, social security and pensions | 62 | - | €5,301 | +€5,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €738 | +€466 | +170.8% |
| Other operating charges | 640/8 | €1,017 | €704 | -€313 | -30.7% |
| Non-recurring operating charges | 66A | €1,914 | €0 | -€1,914 | -100.0% |
| Gross operating margin | 9900 | €130,811 | €78,130 | -€52,681 | -40.3% |
| Operating profit (loss) | 9901 | €127,607 | €71,386 | -€56,221 | -44.1% |
| Financial income | 75/76B | - | €38,286 | +€38,286 | |
| Recurring financial income | 75 | - | €38,286 | +€38,286 | |
| Financial charges | 65/66B | €2,212 | €7,524 | +€5,313 | +240.2% |
| Recurring financial charges | 65 | €2,212 | €7,524 | +€5,313 | +240.2% |
| Profit (loss) for the period before taxes | 9903 | €125,396 | €102,147 | -€23,248 | -18.5% |
| Income taxes | 67/77 | €26,922 | €21,746 | -€5,176 | -19.2% |
| Profit (loss) for the period | 9904 | €98,474 | €80,402 | -€18,072 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,474 | €80,402 | -€18,072 | -18.4% |
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 12 October 2026 via checked.be.