Concerto: 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.
Concerto
Largest movements
- Cash -€109,308
down €109,308 (-62.9%), from €173,652 to €64,343
mainly Net result for the year (-€167,880) and Accrued charges and deferred income (-€12,500)
- Receivables within one year -€68,893
down €68,893 (-32.9%), from €209,124 to €140,230
of which Trade receivables: -€60,694
- Tangible fixed assets -€19,002
down €19,002 (-34.1%), from €55,801 to €36,798
of which Furniture and vehicles: -€19,002
- Financial fixed assets +€7,530
up €7,530 (+630.1%), from €1,195 to €8,725
- Profit (loss) carried forward -€167,880
down €167,880 (-69.2%), from €242,470 to €74,590
- Accrued charges and deferred income -€12,500
no longer reported in 2024 (was €12,500)
- Tax, wage and social debts -€6,189
down €6,189 (-30.3%), from €20,446 to €14,258
of which Taxes: -€6,673
- Debts after one year -€4,946
down €4,946 (-100.0%), from €4,946 to €0
- Gross operating margin -€171,488
down €171,488, from €63,398 to -€108,089
- Staff costs +€2,518
up €2,518 (+6.4%), from €39,231 to €41,749
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,239 | €253,950 | -€189,289 | -42.7% |
| Fixed assets | 21/28 | €56,996 | €45,523 | -€11,472 | -20.1% |
| Tangible fixed assets | 22/27 | €55,801 | €36,798 | -€19,002 | -34.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €55,801 | €36,798 | -€19,002 | -34.1% |
| Financial fixed assets | 28 | €1,195 | €8,725 | +€7,530 | +630.1% |
| Current assets | 29/58 | €386,243 | €208,427 | -€177,816 | -46.0% |
| Amounts receivable within one year | 40/41 | €209,124 | €140,230 | -€68,893 | -32.9% |
| Trade receivables | 40 | €115,187 | €54,493 | -€60,694 | -52.7% |
| Other amounts receivable | 41 | €93,937 | €85,737 | -€8,200 | -8.7% |
| Cash at bank and in hand | 54/58 | €173,652 | €64,343 | -€109,308 | -62.9% |
| Deferred charges and accrued income | 490/1 | €3,468 | €3,853 | +€385 | +11.1% |
| Total equity and liabilities | 10/49 | €443,239 | €253,950 | -€189,289 | -42.7% |
| Equity | 10/15 | €378,325 | €210,445 | -€167,880 | -44.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €117,263 | €117,263 | = | 0.0% |
| Distributable reserves | 133 | €117,263 | €117,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,470 | €74,590 | -€167,880 | -69.2% |
| Amounts payable | 17/49 | €64,914 | €43,506 | -€21,408 | -33.0% |
| Amounts payable after more than one year | 17 | €4,946 | €0 | -€4,946 | -100.0% |
| Financial debts | 170/4 | €4,946 | €0 | -€4,946 | -100.0% |
| Amounts payable within one year | 42/48 | €47,468 | €43,506 | -€3,962 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €8,383 | €4,946 | -€3,437 | -41.0% |
| Trade debts | 44 | €18,639 | €21,495 | +€2,856 | +15.3% |
| Suppliers | 440/4 | €18,639 | €21,495 | +€2,856 | +15.3% |
| Taxes, remuneration and social security | 45 | €20,446 | €14,258 | -€6,189 | -30.3% |
| Taxes | 450/3 | €16,502 | €9,829 | -€6,673 | -40.4% |
| Remuneration and social security | 454/9 | €3,945 | €4,429 | +€484 | +12.3% |
| Other amounts payable | 47/48 | €0 | €2,807 | +€2,807 | |
| Accrued charges and deferred income | 492/3 | €12,500 | - | -€12,500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39,231 | €41,749 | +€2,518 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,164 | €20,736 | -€428 | -2.0% |
| Other operating charges | 640/8 | €1,531 | €597 | -€934 | -61.0% |
| Gross operating margin | 9900 | €63,398 | -€108,089 | -€171,488 | |
| Operating profit (loss) | 9901 | €1,471 | -€171,172 | -€172,643 | |
| Financial income | 75/76B | €4,515 | €5,145 | +€630 | +14.0% |
| Recurring financial income | 75 | €4,515 | €5,145 | +€630 | +14.0% |
| Financial charges | 65/66B | €1,143 | €1,574 | +€432 | +37.8% |
| Recurring financial charges | 65 | €1,143 | €1,574 | +€432 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €4,844 | -€167,601 | -€172,445 | |
| Income taxes | 67/77 | €1,347 | €279 | -€1,068 | -79.3% |
| Profit (loss) for the period | 9904 | €3,497 | -€167,880 | -€171,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,497 | -€167,880 | -€171,377 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.