CONCEPT VERT-BLEU: 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 VERT-BLEU
Largest movements
- Cash -€13,199
down €13,199 (-29.4%), from €44,899 to €31,700
mainly Debts after one year (-€9,061) and Trade debts (-€7,037)
- Tangible fixed assets -€6,945
down €6,945 (-76.5%), from €9,078 to €2,133
of which Leasing and similar rights: -€6,126
- Receivables within one year +€6,779
up €6,779 (+107%), from €6,351 to €13,131
of which Other amounts receivable: +€8,542
- Debts after one year -€9,061
no longer reported in 2025 (was €9,061)
- Trade debts -€7,037
down €7,037 (-97.2%), from €7,238 to €201
- Reserves +€5,940
up €5,940 (+25.1%), from €23,700 to €29,640
- Other debts -€4,428
no longer reported in 2025 (was €4,428)
- Profit (loss) carried forward +€969
up €969, from -€967 to €2
- Gross operating margin -€3,908
down €3,908 (-15.1%), from €25,838 to €21,931
- Depreciation -€1,487
down €1,487 (-16.2%), from €9,187 to €7,701
- Taxes +€883
up €883 (+29.2%), from €3,026 to €3,910
- Other operating charges +€281
up €281 (+9.9%), from €2,831 to €3,112
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 | €63,193 | €50,205 | -€12,988 | -20.6% |
| Fixed assets | 21/28 | €9,078 | €2,133 | -€6,945 | -76.5% |
| Tangible fixed assets | 22/27 | €9,078 | €2,133 | -€6,945 | -76.5% |
| Plant, machinery and equipment | 23 | €1,763 | €816 | -€947 | -53.7% |
| Furniture and vehicles | 24 | €1,188 | €1,317 | +€128 | +10.8% |
| Leasing and similar rights | 25 | €6,126 | - | -€6,126 | |
| Current assets | 29/58 | €54,115 | €48,073 | -€6,042 | -11.2% |
| Amounts receivable within one year | 40/41 | €6,351 | €13,131 | +€6,779 | +107% |
| Trade receivables | 40 | €1,878 | €116 | -€1,762 | -93.8% |
| Other amounts receivable | 41 | €4,474 | €13,015 | +€8,542 | +191% |
| Cash at bank and in hand | 54/58 | €44,899 | €31,700 | -€13,199 | -29.4% |
| Deferred charges and accrued income | 490/1 | €2,865 | €3,242 | +€377 | +13.2% |
| Total equity and liabilities | 10/49 | €63,193 | €50,205 | -€12,988 | -20.6% |
| Equity | 10/15 | €41,333 | €48,242 | +€6,909 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,700 | €29,640 | +€5,940 | +25.1% |
| Distributable reserves | 133 | €23,700 | €29,640 | +€5,940 | +25.1% |
| Profit (loss) carried forward | 14 | -€967 | €2 | +€969 | |
| Amounts payable | 17/49 | €21,860 | €1,964 | -€19,896 | -91.0% |
| Amounts payable after more than one year | 17 | €9,061 | - | -€9,061 | |
| Financial debts | 170/4 | €9,061 | - | -€9,061 | |
| Amounts payable within one year | 42/48 | €12,799 | €1,964 | -€10,835 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €62 | - | -€62 | |
| Trade debts | 44 | €7,238 | €201 | -€7,037 | -97.2% |
| Suppliers | 440/4 | €7,238 | €201 | -€7,037 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,071 | €1,763 | +€692 | +64.6% |
| Taxes | 450/3 | €1,071 | €1,763 | +€692 | +64.6% |
| Other amounts payable | 47/48 | €4,428 | - | -€4,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,187 | €7,701 | -€1,487 | -16.2% |
| Other operating charges | 640/8 | €2,831 | €3,112 | +€281 | +9.9% |
| Gross operating margin | 9900 | €25,838 | €21,931 | -€3,908 | -15.1% |
| Operating profit (loss) | 9901 | €13,820 | €11,119 | -€2,702 | -19.5% |
| Financial charges | 65/66B | €441 | €300 | -€141 | -31.9% |
| Recurring financial charges | 65 | €441 | €300 | -€141 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €13,379 | €10,819 | -€2,561 | -19.1% |
| Income taxes | 67/77 | €3,026 | €3,910 | +€883 | +29.2% |
| Profit (loss) for the period | 9904 | €10,353 | €6,909 | -€3,444 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,353 | €6,909 | -€3,444 | -33.3% |
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 16 October 2026 via checked.be.