CONCEPTIVE ENGINEERING: 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.
CONCEPTIVE ENGINEERING
Largest movements
- Cash +€64,153
up €64,153 (+16.2%), from €396,382 to €460,535
mainly Net result for the year (+€132,844) and Tax, wage and social debts (+€23,463)
- Receivables within one year +€61,156
up €61,156 (+104%), from €58,626 to €119,782
of which Trade receivables: +€62,387
- Tangible fixed assets -€18,498
down €18,498 (-9.9%), from €187,319 to €168,821
of which Furniture and vehicles: -€12,764
- Reserves +€105,662
up €105,662 (+20.1%), from €524,811 to €630,473
- Tax, wage and social debts +€23,463
up €23,463 (+49.7%), from €47,242 to €70,705
of which Taxes: +€19,946
- Trade debts -€11,573
down €11,573 (-89.3%), from €12,962 to €1,389
- Debts after one year -€10,333
down €10,333 (-35.3%), from €29,278 to €18,945
- Gross operating margin +€37,517
up €37,517 (+27.8%), from €134,726 to €172,243
- Taxes +€14,388
up €14,388 (+42.3%), from €34,001 to €48,390
- Financial income +€7,602
up €7,602 (+27.7%), from €27,431 to €35,033
- Depreciation -€2,223
down €2,223 (-10.5%), from €21,141 to €18,918
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 | €698,208 | €810,525 | +€112,317 | +16.1% |
| Fixed assets | 21/28 | €226,071 | €207,438 | -€18,633 | -8.2% |
| Intangible fixed assets | 21 | €952 | €532 | -€420 | -44.1% |
| Tangible fixed assets | 22/27 | €187,319 | €168,821 | -€18,498 | -9.9% |
| Land and buildings | 22 | €139,637 | €134,067 | -€5,571 | -4.0% |
| Plant, machinery and equipment | 23 | €1,477 | €1,313 | -€164 | -11.1% |
| Furniture and vehicles | 24 | €46,204 | €33,440 | -€12,764 | -27.6% |
| Financial fixed assets | 28 | €37,800 | €38,085 | +€285 | +0.8% |
| Current assets | 29/58 | €472,137 | €603,087 | +€130,950 | +27.7% |
| Amounts receivable within one year | 40/41 | €58,626 | €119,782 | +€61,156 | +104% |
| Trade receivables | 40 | €49,473 | €111,859 | +€62,387 | +126% |
| Other amounts receivable | 41 | €9,153 | €7,922 | -€1,231 | -13.4% |
| Current investments | 50/53 | €15,722 | €21,722 | +€6,000 | +38.2% |
| Cash at bank and in hand | 54/58 | €396,382 | €460,535 | +€64,153 | +16.2% |
| Deferred charges and accrued income | 490/1 | €1,407 | €1,049 | -€358 | -25.5% |
| Total equity and liabilities | 10/49 | €698,208 | €810,525 | +€112,317 | +16.1% |
| Equity | 10/15 | €537,211 | €642,873 | +€105,662 | +19.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €524,811 | €630,473 | +€105,662 | +20.1% |
| Distributable reserves | 133 | €524,811 | €630,473 | +€105,662 | +20.1% |
| Amounts payable | 17/49 | €160,997 | €167,651 | +€6,655 | +4.1% |
| Amounts payable after more than one year | 17 | €29,278 | €18,945 | -€10,333 | -35.3% |
| Financial debts | 170/4 | €29,278 | €18,945 | -€10,333 | -35.3% |
| Amounts payable within one year | 42/48 | €131,719 | €148,707 | +€16,988 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,333 | €10,333 | = | 0.0% |
| Trade debts | 44 | €12,962 | €1,389 | -€11,573 | -89.3% |
| Suppliers | 440/4 | €12,962 | €1,389 | -€11,573 | -89.3% |
| Taxes, remuneration and social security | 45 | €47,242 | €70,705 | +€23,463 | +49.7% |
| Taxes | 450/3 | €47,242 | €67,188 | +€19,946 | +42.2% |
| Remuneration and social security | 454/9 | - | €3,517 | +€3,517 | |
| Other amounts payable | 47/48 | €61,181 | €66,279 | +€5,098 | +8.3% |
| Remuneration, social security and pensions | 62 | €1,872 | €2,429 | +€557 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,141 | €18,918 | -€2,223 | -10.5% |
| Other operating charges | 640/8 | €4,452 | €3,214 | -€1,238 | -27.8% |
| Gross operating margin | 9900 | €134,726 | €172,243 | +€37,517 | +27.8% |
| Operating profit (loss) | 9901 | €107,261 | €147,682 | +€40,421 | +37.7% |
| Financial income | 75/76B | €27,431 | €35,033 | +€7,602 | +27.7% |
| Recurring financial income | 75 | €27,431 | €35,033 | +€7,602 | +27.7% |
| Financial charges | 65/66B | €1,833 | €1,482 | -€351 | -19.2% |
| Recurring financial charges | 65 | €1,833 | €1,482 | -€351 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €132,859 | €181,233 | +€48,375 | +36.4% |
| Income taxes | 67/77 | €34,001 | €48,390 | +€14,388 | +42.3% |
| Profit (loss) for the period | 9904 | €98,857 | €132,844 | +€33,986 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,857 | €132,844 | +€33,986 | +34.4% |
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 15 October 2026 via checked.be.