CONCEPTUALISE: 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.
CONCEPTUALISE
Largest movements
- Current investments +€33,631
up €33,631 (+112%), from €30,062 to €63,693
- Tangible fixed assets +€31,351
up €31,351 (+85.8%), from €36,524 to €67,874
of which Other tangible fixed assets: +€34,119
- Financial fixed assets +€14,337
new in 2025: €14,337
- Receivables within one year +€4,999
up €4,999 (+39.0%), from €12,825 to €17,824
of which Trade receivables: +€4,018
- Profit (loss) carried forward +€32,216
up €32,216 (+44.1%), from €73,088 to €105,304
- Tax, wage and social debts +€19,155
up €19,155 (+118%), from €16,287 to €35,442
- Debts after one year +€16,931
new in 2025: €16,931
- Current portion of long-term debt +€13,214
new in 2025: €13,214
- Other debts +€5,088
up €5,088 (+25.0%), from €20,342 to €25,430
- Depreciation +€16,633
up €16,633 (+212%), from €7,833 to €24,466
- Other operating charges -€2,507
down €2,507 (-76.0%), from €3,299 to €792
- Taxes +€1,272
up €1,272 (+7.9%), from €16,122 to €17,395
- Financial charges +€1,112
up €1,112 (+56.5%), from €1,968 to €3,081
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 | €146,090 | €231,856 | +€85,766 | +58.7% |
| Fixed assets | 21/28 | €98,969 | €145,576 | +€46,607 | +47.1% |
| Intangible fixed assets | 21 | €62,446 | €63,365 | +€919 | +1.5% |
| Tangible fixed assets | 22/27 | €36,524 | €67,874 | +€31,351 | +85.8% |
| Furniture and vehicles | 24 | €36,524 | €33,755 | -€2,768 | -7.6% |
| Other tangible fixed assets | 26 | - | €34,119 | +€34,119 | |
| Financial fixed assets | 28 | - | €14,337 | +€14,337 | |
| Current assets | 29/58 | €47,121 | €86,279 | +€39,159 | +83.1% |
| Amounts receivable within one year | 40/41 | €12,825 | €17,824 | +€4,999 | +39.0% |
| Trade receivables | 40 | €10,721 | €14,739 | +€4,018 | +37.5% |
| Other amounts receivable | 41 | €2,104 | €3,085 | +€981 | +46.6% |
| Current investments | 50/53 | €30,062 | €63,693 | +€33,631 | +112% |
| Cash at bank and in hand | 54/58 | €1,430 | €2,967 | +€1,537 | +107% |
| Deferred charges and accrued income | 490/1 | €2,803 | €1,795 | -€1,008 | -36.0% |
| Total equity and liabilities | 10/49 | €146,090 | €231,856 | +€85,766 | +58.7% |
| Equity | 10/15 | €96,341 | €128,557 | +€32,216 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,653 | €4,653 | = | 0.0% |
| Distributable reserves | 133 | €4,653 | €4,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,088 | €105,304 | +€32,216 | +44.1% |
| Amounts payable | 17/49 | €49,748 | €103,298 | +€53,550 | +108% |
| Amounts payable after more than one year | 17 | - | €16,931 | +€16,931 | |
| Financial debts | 170/4 | - | €16,931 | +€16,931 | |
| Amounts payable within one year | 42/48 | €49,371 | €83,983 | +€34,611 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,214 | +€13,214 | |
| Trade debts | 44 | €12,742 | €9,896 | -€2,846 | -22.3% |
| Suppliers | 440/4 | €12,742 | €9,896 | -€2,846 | -22.3% |
| Taxes, remuneration and social security | 45 | €16,287 | €35,442 | +€19,155 | +118% |
| Taxes | 450/3 | €16,287 | €35,442 | +€19,155 | +118% |
| Other amounts payable | 47/48 | €20,342 | €25,430 | +€5,088 | +25.0% |
| Accrued charges and deferred income | 492/3 | €377 | €2,385 | +€2,008 | +532% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,833 | €24,466 | +€16,633 | +212% |
| Other operating charges | 640/8 | €3,299 | €792 | -€2,507 | -76.0% |
| Gross operating margin | 9900 | €97,219 | €96,707 | -€512 | -0.5% |
| Operating profit (loss) | 9901 | €86,087 | €71,449 | -€14,638 | -17.0% |
| Financial income | 75/76B | €71 | €242 | +€171 | +242% |
| Recurring financial income | 75 | €71 | €242 | +€171 | +242% |
| Financial charges | 65/66B | €1,968 | €3,081 | +€1,112 | +56.5% |
| Recurring financial charges | 65 | €1,968 | €3,081 | +€1,112 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €84,189 | €68,611 | -€15,579 | -18.5% |
| Income taxes | 67/77 | €16,122 | €17,395 | +€1,272 | +7.9% |
| Profit (loss) for the period | 9904 | €68,067 | €51,216 | -€16,851 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,067 | €51,216 | -€16,851 | -24.8% |
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 14 October 2026 via checked.be.