Concept Renovation: 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 Renovation
Largest movements
- Tangible fixed assets -€14,472
down €14,472 (-23.0%), from €62,813 to €48,341
of which Leasing and similar rights: -€13,011
- Cash +€1,404
up €1,404 (+15.5%), from €9,066 to €10,471
mainly Depreciation (+€14,472) and Receivables within one year (+€763)
- Debts after one year -€10,295
down €10,295 (-28.0%), from €36,773 to €26,478
- Other debts -€2,407
down €2,407 (-4.3%), from €56,143 to €53,735
- Gross operating margin +€20,643
up €20,643, from -€2,726 to €17,917
- Depreciation +€6,284
up €6,284 (+76.8%), from €8,188 to €14,472
- Other operating charges -€790
down €790 (-36.1%), from €2,185 to €1,396
- Financial charges +€269
up €269 (+18.6%), from €1,443 to €1,712
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 | €85,330 | €71,500 | -€13,830 | -16.2% |
| Fixed assets | 21/28 | €62,813 | €48,341 | -€14,472 | -23.0% |
| Tangible fixed assets | 22/27 | €62,813 | €48,341 | -€14,472 | -23.0% |
| Plant, machinery and equipment | 23 | €4,483 | €3,023 | -€1,460 | -32.6% |
| Leasing and similar rights | 25 | €58,330 | €45,318 | -€13,011 | -22.3% |
| Current assets | 29/58 | €22,518 | €23,159 | +€641 | +2.8% |
| Amounts receivable within one year | 40/41 | €13,451 | €12,688 | -€763 | -5.7% |
| Trade receivables | 40 | €11,847 | €12,164 | +€317 | +2.7% |
| Other amounts receivable | 41 | €1,604 | €524 | -€1,080 | -67.3% |
| Cash at bank and in hand | 54/58 | €9,066 | €10,471 | +€1,404 | +15.5% |
| Total equity and liabilities | 10/49 | €85,330 | €71,500 | -€13,830 | -16.2% |
| Equity | 10/15 | -€20,288 | -€20,232 | +€57 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,792 | €12,792 | = | 0.0% |
| Distributable reserves | 133 | €12,792 | €12,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,280 | -€39,223 | +€57 | +0.1% |
| Amounts payable | 17/49 | €105,619 | €91,732 | -€13,887 | -13.1% |
| Amounts payable after more than one year | 17 | €36,773 | €26,478 | -€10,295 | -28.0% |
| Financial debts | 170/4 | €36,773 | €26,478 | -€10,295 | -28.0% |
| Amounts payable within one year | 42/48 | €68,846 | €65,254 | -€3,592 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,936 | €10,295 | -€641 | -5.9% |
| Trade debts | 44 | €1,641 | €942 | -€699 | -42.6% |
| Suppliers | 440/4 | €1,641 | €942 | -€699 | -42.6% |
| Taxes, remuneration and social security | 45 | €127 | €282 | +€155 | +123% |
| Taxes | 450/3 | €127 | €282 | +€155 | +123% |
| Other amounts payable | 47/48 | €56,143 | €53,735 | -€2,407 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,188 | €14,472 | +€6,284 | +76.8% |
| Other operating charges | 640/8 | €2,185 | €1,396 | -€790 | -36.1% |
| Gross operating margin | 9900 | -€2,726 | €17,917 | +€20,643 | |
| Operating profit (loss) | 9901 | -€13,098 | €2,050 | +€15,149 | |
| Financial charges | 65/66B | €1,443 | €1,712 | +€269 | +18.6% |
| Recurring financial charges | 65 | €1,443 | €1,712 | +€269 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,541 | €339 | +€14,880 | |
| Income taxes | 67/77 | €127 | €282 | +€155 | +123% |
| Profit (loss) for the period | 9904 | -€14,668 | €57 | +€14,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,668 | €57 | +€14,724 |
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 26 October 2026 via checked.be.