CONCEPTS 4U: 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.
CONCEPTS 4U
Largest movements
- Receivables within one year -€514,218
down €514,218 (-87.8%), from €585,693 to €71,475
of which Other amounts receivable: -€523,110
- Tangible fixed assets -€162,017
down €162,017 (-4.6%), from €3.5m to €3.4m
of which Land and buildings: -€161,552
- Trade debts -€508,653
down €508,653 (-98.0%), from €519,166 to €10,513
- Debts after one year -€140,491
down €140,491 (-4.6%), from €3.1m to €2.9m
- Other debts -€41,962
down €41,962 (-23.2%), from €180,962 to €139,000
- Gross operating margin +€140,994
up €140,994 (+108%), from €130,302 to €271,297
- Depreciation +€108,201
up €108,201 (+201%), from €53,816 to €162,017
- Financial charges +€78,048
up €78,048 (+222%), from €35,088 to €113,136
- Taxes -€8,714
down €8,714 (-100%), from €8,714 to €0
- Other operating charges +€4,107
up €4,107 (+484%), from €848 to €4,955
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 | €4,162,042 | €3,463,920 | -€698,122 | -16.8% |
| Fixed assets | 21/28 | €3,520,899 | €3,358,882 | -€162,017 | -4.6% |
| Tangible fixed assets | 22/27 | €3,520,899 | €3,358,882 | -€162,017 | -4.6% |
| Land and buildings | 22 | €3,518,899 | €3,357,347 | -€161,552 | -4.6% |
| Furniture and vehicles | 24 | €2,001 | €1,535 | -€466 | -23.3% |
| Current assets | 29/58 | €641,143 | €105,038 | -€536,104 | -83.6% |
| Amounts receivable within one year | 40/41 | €585,693 | €71,475 | -€514,218 | -87.8% |
| Trade receivables | 40 | €27,444 | €36,336 | +€8,892 | +32.4% |
| Other amounts receivable | 41 | €558,249 | €35,139 | -€523,110 | -93.7% |
| Cash at bank and in hand | 54/58 | €53,927 | €31,979 | -€21,948 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,585 | +€62 | +4.1% |
| Total equity and liabilities | 10/49 | €4,162,042 | €3,463,920 | -€698,122 | -16.8% |
| Equity | 10/15 | €252,463 | €247,912 | -€4,551 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,863 | €233,863 | = | 0.0% |
| Distributable reserves | 133 | €233,863 | €233,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,551 | -€4,551 | |
| Amounts payable | 17/49 | €3,909,579 | €3,216,008 | -€693,571 | -17.7% |
| Amounts payable after more than one year | 17 | €3,052,849 | €2,912,358 | -€140,491 | -4.6% |
| Financial debts | 170/4 | €3,052,849 | €2,912,358 | -€140,491 | -4.6% |
| Amounts payable within one year | 42/48 | €856,731 | €300,611 | -€556,120 | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €147,271 | €140,859 | -€6,412 | -4.4% |
| Trade debts | 44 | €519,166 | €10,513 | -€508,653 | -98.0% |
| Suppliers | 440/4 | €519,166 | €10,513 | -€508,653 | -98.0% |
| Taxes, remuneration and social security | 45 | €9,331 | €10,239 | +€908 | +9.7% |
| Taxes | 450/3 | €9,331 | €10,239 | +€908 | +9.7% |
| Other amounts payable | 47/48 | €180,962 | €139,000 | -€41,962 | -23.2% |
| Accrued charges and deferred income | 492/3 | - | €3,040 | +€3,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,816 | €162,017 | +€108,201 | +201% |
| Other operating charges | 640/8 | €848 | €4,955 | +€4,107 | +484% |
| Gross operating margin | 9900 | €130,302 | €271,297 | +€140,994 | +108% |
| Operating profit (loss) | 9901 | €75,638 | €104,324 | +€28,687 | +37.9% |
| Financial income | 75/76B | €1,928 | €4,261 | +€2,333 | +121% |
| Recurring financial income | 75 | €1,928 | €4,261 | +€2,333 | +121% |
| Financial charges | 65/66B | €35,088 | €113,136 | +€78,048 | +222% |
| Recurring financial charges | 65 | €35,088 | €113,136 | +€78,048 | +222% |
| Profit (loss) for the period before taxes | 9903 | €42,477 | -€4,551 | -€47,028 | |
| Income taxes | 67/77 | €8,714 | €0 | -€8,714 | -100% |
| Profit (loss) for the period | 9904 | €33,763 | -€4,551 | -€38,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,763 | -€4,551 | -€38,314 |
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 17 October 2026 via checked.be.