CONCEPT WORKS: 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 WORKS
Largest movements
- Stocks and contracts +€9,266
up €9,266 (+34.4%), from €26,899 to €36,164
- Tangible fixed assets -€4,244
down €4,244 (-69.0%), from €6,148 to €1,904
of which Plant, machinery and equipment: -€3,120
- Cash +€3,673
up €3,673 (+22.7%), from €16,145 to €19,817
mainly Net result for the year (+€7,863) and Other debts (+€7,772)
- Receivables within one year -€1,290
down €1,290 (-5.9%), from €21,898 to €20,608
of which Trade receivables: -€3,104
- Other debts +€7,772
up €7,772 (+56.7%), from €13,717 to €21,489
- Tax, wage and social debts -€1,054
down €1,054 (-23.1%), from €4,566 to €3,512
of which Taxes: -€1,054
- Gross operating margin -€8,722
down €8,722 (-31.1%), from €28,023 to €19,301
- Taxes -€2,971
down €2,971 (-42.4%), from €7,001 to €4,030
- Financial charges -€644
down €644 (-28.9%), from €2,229 to €1,585
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 | €73,442 | €80,299 | +€6,857 | +9.3% |
| Fixed assets | 21/28 | €6,890 | €2,406 | -€4,484 | -65.1% |
| Intangible fixed assets | 21 | €717 | €477 | -€240 | -33.5% |
| Tangible fixed assets | 22/27 | €6,148 | €1,904 | -€4,244 | -69.0% |
| Plant, machinery and equipment | 23 | €3,120 | €0 | -€3,120 | -100% |
| Furniture and vehicles | 24 | €3,028 | €1,904 | -€1,124 | -37.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €66,552 | €77,893 | +€11,341 | +17.0% |
| Stocks and contracts in progress | 3 | €26,899 | €36,164 | +€9,266 | +34.4% |
| Stocks | 30/36 | €26,899 | €36,164 | +€9,266 | +34.4% |
| Amounts receivable within one year | 40/41 | €21,898 | €20,608 | -€1,290 | -5.9% |
| Trade receivables | 40 | €21,134 | €18,030 | -€3,104 | -14.7% |
| Other amounts receivable | 41 | €765 | €2,578 | +€1,814 | +237% |
| Cash at bank and in hand | 54/58 | €16,145 | €19,817 | +€3,673 | +22.7% |
| Deferred charges and accrued income | 490/1 | €1,611 | €1,303 | -€307 | -19.1% |
| Total equity and liabilities | 10/49 | €73,442 | €80,299 | +€6,857 | +9.3% |
| Equity | 10/15 | €50,753 | €50,753 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,753 | €25,753 | = | 0.0% |
| Distributable reserves | 133 | €25,753 | €25,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,689 | €29,546 | +€6,857 | +30.2% |
| Amounts payable within one year | 42/48 | €22,689 | €29,546 | +€6,857 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €99 | €230 | +€132 | +134% |
| Other loans | 439 | €99 | €230 | +€132 | +134% |
| Trade debts | 44 | €4,308 | €4,313 | +€6 | +0.1% |
| Suppliers | 440/4 | €4,308 | €4,313 | +€6 | +0.1% |
| Taxes, remuneration and social security | 45 | €4,566 | €3,512 | -€1,054 | -23.1% |
| Taxes | 450/3 | €2,266 | €1,212 | -€1,054 | -46.5% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €13,717 | €21,489 | +€7,772 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,379 | €4,484 | +€105 | +2.4% |
| Other operating charges | 640/8 | €1,534 | €1,410 | -€125 | -8.1% |
| Gross operating margin | 9900 | €28,023 | €19,301 | -€8,722 | -31.1% |
| Operating profit (loss) | 9901 | €22,110 | €13,408 | -€8,702 | -39.4% |
| Financial income | 75/76B | €0 | €70 | +€70 | +22,468% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +22,468% |
| Financial charges | 65/66B | €2,229 | €1,585 | -€644 | -28.9% |
| Recurring financial charges | 65 | €2,229 | €1,585 | -€644 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €19,881 | €11,893 | -€7,988 | -40.2% |
| Income taxes | 67/77 | €7,001 | €4,030 | -€2,971 | -42.4% |
| Profit (loss) for the period | 9904 | €12,879 | €7,863 | -€5,017 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,879 | €7,863 | -€5,017 | -39.0% |
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 23 October 2026 via checked.be.