CONCEPTS ONE: 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 ONE
Largest movements
- Tangible fixed assets +€28,168
up €28,168 (+122.8%), from €22,931 to €51,099
of which Furniture and vehicles: +€28,168
- Receivables within one year +€21,981
up €21,981 (+1088.8%), from €2,019 to €23,999
of which Trade receivables: +€21,984
- Cash -€4,876
down €4,876 (-26.6%), from €18,343 to €13,467
mainly Investment in fixed assets (net) (-€31,000) and Receivables within one year (-€21,981)
- Trade debts +€39,983
up €39,983 (+1497.7%), from €2,670 to €42,652
of which Bills of exchange payable: +€30,586
- Other debts +€9,470
up €9,470 (+82.3%), from €11,507 to €20,977
- Profit (loss) carried forward -€4,903
down €4,903, from €918 to -€3,985
- Staff costs +€23,288
new in 2025: €23,288
- Gross operating margin +€13,565
up €13,565 (+54.9%), from €24,717 to €38,282
- Depreciation -€1,933
down €1,933 (-40.6%), from €4,765 to €2,832
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 | €43,720 | €88,925 | +€45,205 | +103.4% |
| Fixed assets | 21/28 | €23,291 | €51,459 | +€28,168 | +120.9% |
| Tangible fixed assets | 22/27 | €22,931 | €51,099 | +€28,168 | +122.8% |
| Furniture and vehicles | 24 | - | €28,168 | +€28,168 | |
| Leasing and similar rights | 25 | €22,931 | €22,931 | = | 0.0% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €20,429 | €37,466 | +€17,037 | +83.4% |
| Amounts receivable within one year | 40/41 | €2,019 | €23,999 | +€21,981 | +1088.8% |
| Trade receivables | 40 | €2,016 | €23,999 | +€21,984 | +1090.5% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €18,343 | €13,467 | -€4,876 | -26.6% |
| Deferred charges and accrued income | 490/1 | €67 | - | -€67 | |
| Total equity and liabilities | 10/49 | €43,720 | €88,925 | +€45,205 | +103.4% |
| Equity | 10/15 | €8,173 | €3,270 | -€4,903 | -60.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,005 | €1,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,005 | €1,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,005 | €1,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €918 | -€3,985 | -€4,903 | |
| Amounts payable | 17/49 | €35,547 | €85,654 | +€50,108 | +141.0% |
| Amounts payable after more than one year | 17 | €15,568 | €15,568 | = | 0.0% |
| Financial debts | 170/4 | €15,568 | €15,568 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,979 | €70,087 | +€50,108 | +250.8% |
| Current portion of amounts payable after more than one year | 42 | €3,331 | €3,331 | = | 0.0% |
| Trade debts | 44 | €2,670 | €42,652 | +€39,983 | +1497.7% |
| Suppliers | 440/4 | €2,670 | €12,066 | +€9,397 | +352.0% |
| Bills of exchange payable | 441 | - | €30,586 | +€30,586 | |
| Taxes, remuneration and social security | 45 | €2,471 | €3,126 | +€655 | +26.5% |
| Taxes | 450/3 | €2,471 | €981 | -€1,491 | -60.3% |
| Remuneration and social security | 454/9 | - | €2,146 | +€2,146 | |
| Other amounts payable | 47/48 | €11,507 | €20,977 | +€9,470 | +82.3% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | - | €23,288 | +€23,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,765 | €2,832 | -€1,933 | -40.6% |
| Other operating charges | 640/8 | €1,812 | €1,998 | +€185 | +10.2% |
| Gross operating margin | 9900 | €24,717 | €38,282 | +€13,565 | +54.9% |
| Operating profit (loss) | 9901 | €18,139 | €10,164 | -€7,976 | -44.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €296 | €68 | -€228 | -77.2% |
| Recurring financial charges | 65 | €296 | €68 | -€228 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €17,843 | €10,097 | -€7,746 | -43.4% |
| Profit (loss) for the period | 9904 | €17,843 | €10,097 | -€7,746 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,843 | €10,097 | -€7,746 | -43.4% |
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 10 October 2026 via checked.be.