CONCEPT RENOV: 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 RENOV
Largest movements
- Cash +€139,963
up €139,963 (+384%), from €36,477 to €176,440
mainly Receivables within one year (+€105,021) and Trade debts (+€77,185)
- Receivables within one year -€105,021
down €105,021 (-36.5%), from €287,971 to €182,950
of which Other amounts receivable: -€146,026
- Tangible fixed assets -€80,686
down €80,686 (-19.2%), from €420,200 to €339,514
of which Land and buildings: -€62,972
- Debts after one year -€131,584
down €131,584 (-35.3%), from €373,231 to €241,647
- Trade debts +€77,185
up €77,185 (+269%), from €28,715 to €105,900
- Reserves +€11,595
up €11,595 (+4.0%), from €291,632 to €303,227
of which Distributable reserves: +€11,595
- Gross operating margin -€49,673
down €49,673 (-50.8%), from €97,702 to €48,029
- Other operating charges -€32,502
down €32,502 (-84.7%), from €38,379 to €5,876
- Financial income +€12,810
up €12,810 (+6,008%), from €213 to €13,023
of which Non-recurring financial income: +€9,158
- Financial charges +€6,270
up €6,270 (+84.4%), from €7,429 to €13,700
- Depreciation +€5,065
up €5,065 (+38.0%), from €13,321 to €18,386
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 | €749,489 | €702,504 | -€46,986 | -6.3% |
| Fixed assets | 21/28 | €420,200 | €339,514 | -€80,686 | -19.2% |
| Tangible fixed assets | 22/27 | €420,200 | €339,514 | -€80,686 | -19.2% |
| Land and buildings | 22 | €361,691 | €298,719 | -€62,972 | -17.4% |
| Furniture and vehicles | 24 | €10,742 | €8,902 | -€1,840 | -17.1% |
| Other tangible fixed assets | 26 | €47,767 | €31,893 | -€15,874 | -33.2% |
| Current assets | 29/58 | €329,289 | €362,990 | +€33,701 | +10.2% |
| Amounts receivable within one year | 40/41 | €287,971 | €182,950 | -€105,021 | -36.5% |
| Trade receivables | 40 | €36,585 | €77,591 | +€41,005 | +112% |
| Other amounts receivable | 41 | €251,385 | €105,359 | -€146,026 | -58.1% |
| Cash at bank and in hand | 54/58 | €36,477 | €176,440 | +€139,963 | +384% |
| Deferred charges and accrued income | 490/1 | €4,841 | €3,600 | -€1,241 | -25.6% |
| Total equity and liabilities | 10/49 | €749,489 | €702,504 | -€46,986 | -6.3% |
| Equity | 10/15 | €315,016 | €326,611 | +€11,595 | +3.7% |
| Contributions | 10/11 | €8,620 | €8,620 | = | 0.0% |
| Reserves | 13 | €291,632 | €303,227 | +€11,595 | +4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €289,772 | €301,367 | +€11,595 | +4.0% |
| Profit (loss) carried forward | 14 | €14,764 | €14,764 | = | 0.0% |
| Amounts payable | 17/49 | €434,473 | €375,893 | -€58,581 | -13.5% |
| Amounts payable after more than one year | 17 | €373,231 | €241,647 | -€131,584 | -35.3% |
| Financial debts | 170/4 | €373,231 | €241,647 | -€131,584 | -35.3% |
| Amounts payable within one year | 42/48 | €61,242 | €134,246 | +€73,004 | +119% |
| Current portion of amounts payable after more than one year | 42 | €18,234 | €11,831 | -€6,403 | -35.1% |
| Trade debts | 44 | €28,715 | €105,900 | +€77,185 | +269% |
| Suppliers | 440/4 | €28,715 | €105,900 | +€77,185 | +269% |
| Advances received on contracts in progress | 46 | - | €5,082 | +€5,082 | |
| Taxes, remuneration and social security | 45 | €9,293 | €11,432 | +€2,140 | +23.0% |
| Taxes | 450/3 | €9,293 | €11,432 | +€2,140 | +23.0% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Non-recurring operating income | 76A | - | €92,707 | +€92,707 | |
| Remuneration, social security and pensions | 62 | €1,104 | €1,938 | +€833 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,321 | €18,386 | +€5,065 | +38.0% |
| Other operating charges | 640/8 | €38,379 | €5,876 | -€32,502 | -84.7% |
| Non-recurring operating charges | 66A | €2,899 | €0 | -€2,899 | -100% |
| Gross operating margin | 9900 | €97,702 | €48,029 | -€49,673 | -50.8% |
| Operating profit (loss) | 9901 | €41,999 | €21,829 | -€20,170 | -48.0% |
| Financial income | 75/76B | €213 | €13,023 | +€12,810 | +6,008% |
| Recurring financial income | 75 | €213 | €3,865 | +€3,652 | +1,713% |
| Non-recurring financial income | 76B | - | €9,158 | +€9,158 | |
| Financial charges | 65/66B | €7,429 | €13,700 | +€6,270 | +84.4% |
| Recurring financial charges | 65 | €7,429 | €13,700 | +€6,270 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €34,783 | €21,152 | -€13,630 | -39.2% |
| Income taxes | 67/77 | €14,508 | €9,557 | -€4,950 | -34.1% |
| Profit (loss) for the period | 9904 | €20,275 | €11,595 | -€8,680 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,275 | €11,595 | -€8,680 | -42.8% |
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 17 October 2026 via checked.be.