Concepts in Style: 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 in Style
Largest movements
- Receivables within one year +€28,014
up €28,014 (+160%), from €17,535 to €45,549
of which Trade receivables: +€17,033
- Cash -€5,186
down €5,186 (-9.0%), from €57,509 to €52,322
mainly Receivables within one year (-€28,014) and Tax, wage and social debts (-€14,446)
- Tangible fixed assets -€1,243
down €1,243 (-9.0%), from €13,784 to €12,542
of which Furniture and vehicles: -€3,010
- Profit (loss) carried forward +€53,406
up €53,406 (+22.4%), from -€237,963 to -€184,557
- Tax, wage and social debts -€14,446
down €14,446 (-58.0%), from €24,909 to €10,463
- Debts after one year -€14,231
no longer reported in 2025 (was €14,231)
- Trade debts -€4,220
down €4,220 (-80.1%), from €5,268 to €1,047
- Gross operating margin +€10,801
up €10,801 (+15.5%), from €69,478 to €80,279
- Taxes +€6,923
up €6,923 (+53.7%), from €12,903 to €19,826
- Other operating charges +€1,170
up €1,170 (+160%), from €730 to €1,900
- Depreciation +€866
up €866 (+24.4%), from €3,544 to €4,410
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 | €91,446 | €111,954 | +€20,508 | +22.4% |
| Fixed assets | 21/28 | €13,784 | €12,542 | -€1,243 | -9.0% |
| Tangible fixed assets | 22/27 | €13,784 | €12,542 | -€1,243 | -9.0% |
| Land and buildings | 22 | - | €1,768 | +€1,768 | |
| Furniture and vehicles | 24 | €13,784 | €10,774 | -€3,010 | -21.8% |
| Current assets | 29/58 | €77,662 | €99,412 | +€21,751 | +28.0% |
| Amounts receivable within one year | 40/41 | €17,535 | €45,549 | +€28,014 | +160% |
| Trade receivables | 40 | €17,535 | €34,568 | +€17,033 | +97.1% |
| Other amounts receivable | 41 | - | €10,981 | +€10,981 | |
| Cash at bank and in hand | 54/58 | €57,509 | €52,322 | -€5,186 | -9.0% |
| Deferred charges and accrued income | 490/1 | €2,618 | €1,541 | -€1,077 | -41.1% |
| Total equity and liabilities | 10/49 | €91,446 | €111,954 | +€20,508 | +22.4% |
| Equity | 10/15 | €47,037 | €100,443 | +€53,406 | +114% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,963 | -€184,557 | +€53,406 | +22.4% |
| Amounts payable | 17/49 | €44,409 | €11,511 | -€32,898 | -74.1% |
| Amounts payable after more than one year | 17 | €14,231 | - | -€14,231 | |
| Financial debts | 170/4 | €14,231 | - | -€14,231 | |
| Amounts payable within one year | 42/48 | €30,177 | €11,511 | -€18,667 | -61.9% |
| Trade debts | 44 | €5,268 | €1,047 | -€4,220 | -80.1% |
| Suppliers | 440/4 | €5,268 | €1,047 | -€4,220 | -80.1% |
| Taxes, remuneration and social security | 45 | €24,909 | €10,463 | -€14,446 | -58.0% |
| Taxes | 450/3 | €24,909 | €10,463 | -€14,446 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €4,410 | +€866 | +24.4% |
| Other operating charges | 640/8 | €730 | €1,900 | +€1,170 | +160% |
| Gross operating margin | 9900 | €69,478 | €80,279 | +€10,801 | +15.5% |
| Operating profit (loss) | 9901 | €65,204 | €73,970 | +€8,765 | +13.4% |
| Financial income | 75/76B | €98 | €0 | -€98 | -99.7% |
| Recurring financial income | 75 | €98 | €0 | -€98 | -99.7% |
| Financial charges | 65/66B | €280 | €738 | +€457 | +163% |
| Recurring financial charges | 65 | €280 | €738 | +€457 | +163% |
| Profit (loss) for the period before taxes | 9903 | €65,022 | €73,232 | +€8,210 | +12.6% |
| Income taxes | 67/77 | €12,903 | €19,826 | +€6,923 | +53.7% |
| Profit (loss) for the period | 9904 | €52,119 | €53,406 | +€1,287 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,119 | €53,406 | +€1,287 | +2.5% |
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 28 October 2026 via checked.be.