CONCEPTION: what changed
Two fiscal 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.
CONCEPTION
Largest movements
- Cash +€28,107
up €28,107 (+26.9%), from €104,425 to €132,532
mainly Net result for the year (+€15,773) and Receivables within one year (+€5,062)
- Receivables within one year -€5,062
down €5,062 (-21.5%), from €23,550 to €18,488
of which Other amounts receivable: -€4,241
- Stocks and contracts -€4,574
down €4,574 (-2.5%), from €185,244 to €180,670
- Profit (loss) carried forward +€15,773
up €15,773 (+52.4%), from €30,124 to €45,897
- Gross operating margin -€27,443
down €27,443 (-48.4%), from €56,718 to €29,275
- Financial income +€2,309
up €2,309 (+2330.8%), from €99 to €2,408
of which Non-recurring financial income: +€2,000
- Other operating charges -€1,709
down €1,709 (-73.4%), from €2,330 to €621
- Staff costs -€653
down €653 (-5.3%), from €12,428 to €11,775
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 | €381,138 | €396,437 | +€15,300 | +4.0% |
| Fixed assets | 21/28 | €22,918 | €19,747 | -€3,171 | -13.8% |
| Tangible fixed assets | 22/27 | €22,784 | €19,613 | -€3,171 | -13.9% |
| Land and buildings | 22 | €1,838 | €1,607 | -€232 | -12.6% |
| Plant, machinery and equipment | 23 | €18,867 | €16,558 | -€2,310 | -12.2% |
| Furniture and vehicles | 24 | €2,079 | €1,449 | -€630 | -30.3% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €358,220 | €376,690 | +€18,471 | +5.2% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Trade receivables | 290 | €45,000 | €45,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €185,244 | €180,670 | -€4,574 | -2.5% |
| Stocks | 30/36 | €185,244 | €180,670 | -€4,574 | -2.5% |
| Amounts receivable within one year | 40/41 | €23,550 | €18,488 | -€5,062 | -21.5% |
| Trade receivables | 40 | €4,308 | €3,487 | -€821 | -19.1% |
| Other amounts receivable | 41 | €19,242 | €15,001 | -€4,241 | -22.0% |
| Cash at bank and in hand | 54/58 | €104,425 | €132,532 | +€28,107 | +26.9% |
| Total equity and liabilities | 10/49 | €381,138 | €396,437 | +€15,300 | +4.0% |
| Equity | 10/15 | €347,660 | €363,433 | +€15,773 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €298,945 | €298,945 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,094 | €15,094 | = | 0.0% |
| Distributable reserves | 133 | €281,991 | €281,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,124 | €45,897 | +€15,773 | +52.4% |
| Amounts payable | 17/49 | €33,477 | €33,004 | -€473 | -1.4% |
| Amounts payable within one year | 42/48 | €21,454 | €21,053 | -€400 | -1.9% |
| Trade debts | 44 | €13,330 | €12,835 | -€496 | -3.7% |
| Suppliers | 440/4 | €13,330 | €12,835 | -€496 | -3.7% |
| Taxes, remuneration and social security | 45 | €8,123 | €8,219 | +€95 | +1.2% |
| Taxes | 450/3 | €6,587 | €7,313 | +€726 | +11.0% |
| Remuneration and social security | 454/9 | €1,536 | €905 | -€631 | -41.1% |
| Accrued charges and deferred income | 492/3 | €12,024 | €11,951 | -€73 | -0.6% |
| Remuneration, social security and pensions | 62 | €12,428 | €11,775 | -€653 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €3,171 | +€208 | +7.0% |
| Other operating charges | 640/8 | €2,330 | €621 | -€1,709 | -73.4% |
| Gross operating margin | 9900 | €56,718 | €29,275 | -€27,443 | -48.4% |
| Operating profit (loss) | 9901 | €38,997 | €13,708 | -€25,289 | -64.8% |
| Financial income | 75/76B | €99 | €2,408 | +€2,309 | +2330.8% |
| Recurring financial income | 75 | €99 | €408 | +€309 | +312.3% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €483 | €344 | -€140 | -28.9% |
| Recurring financial charges | 65 | €483 | €344 | -€140 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €38,613 | €15,773 | -€22,840 | -59.2% |
| Profit (loss) for the period | 9904 | €38,613 | €15,773 | -€22,840 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,613 | €15,773 | -€22,840 | -59.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.