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
- Tangible fixed assets -€848,900
down €848,900 (-12.6%), from €6.7m to €5.9m
of which Land and buildings: -€780,429
- Current portion of long-term debt -€998,447
down €998,447 (-70.3%), from €1.4m to €421,963
- Debts after one year +€515,037
up €515,037 (+14.4%), from €3.6m to €4.1m
- Profit (loss) carried forward -€411,047
down €411,047 (-81.3%), from €505,862 to €94,815
- Tax, wage and social debts -€115,264
no longer reported in 2025 (was €115,264)
- Taxes -€59,513
down €59,513 (-100.0%), from €59,513 to €0
- Gross operating margin -€43,001
down €43,001 (-6.9%), from €623,674 to €580,673
- Financial income -€23,680
no longer reported in 2025 (was €23,680)
of which Financial income: -€23,680
- Financial charges -€18,144
down €18,144 (-14.3%), from €126,674 to €108,531
- Depreciation -€17,816
down €17,816 (-6.8%), from €260,165 to €242,348
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 | €6,803,715 | €5,899,973 | -€903,742 | -13.3% |
| Fixed assets | 21/28 | €6,745,075 | €5,896,175 | -€848,900 | -12.6% |
| Tangible fixed assets | 22/27 | €6,745,075 | €5,896,175 | -€848,900 | -12.6% |
| Land and buildings | 22 | €6,407,099 | €5,626,670 | -€780,429 | -12.2% |
| Furniture and vehicles | 24 | €277,351 | €237,842 | -€39,508 | -14.2% |
| Other tangible fixed assets | 26 | €60,626 | €31,663 | -€28,963 | -47.8% |
| Current assets | 29/58 | €58,640 | €3,798 | -€54,842 | -93.5% |
| Cash at bank and in hand | 54/58 | €57,611 | €2,762 | -€54,849 | -95.2% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,036 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €6,803,715 | €5,899,973 | -€903,742 | -13.3% |
| Equity | 10/15 | €524,462 | €113,415 | -€411,047 | -78.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €505,862 | €94,815 | -€411,047 | -81.3% |
| Amounts payable | 17/49 | €6,279,252 | €5,786,558 | -€492,695 | -7.8% |
| Amounts payable after more than one year | 17 | €3,580,208 | €4,095,245 | +€515,037 | +14.4% |
| Financial debts | 170/4 | €3,580,208 | €4,095,245 | +€515,037 | +14.4% |
| Amounts payable within one year | 42/48 | €2,619,974 | €1,567,075 | -€1.1m | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €1,420,410 | €421,963 | -€998,447 | -70.3% |
| Financial debts | 43 | €130,093 | €128,899 | -€1,194 | -0.9% |
| Credit institutions | 430/8 | €130,093 | €128,899 | -€1,194 | -0.9% |
| Trade debts | 44 | €89 | €62,094 | +€62,005 | +69,959% |
| Suppliers | 440/4 | €89 | €62,094 | +€62,005 | +69,959% |
| Taxes, remuneration and social security | 45 | €115,264 | - | -€115,264 | |
| Taxes | 450/3 | €115,264 | - | -€115,264 | |
| Other amounts payable | 47/48 | €954,119 | €954,119 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €79,070 | €124,238 | +€45,168 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,165 | €242,348 | -€17,816 | -6.8% |
| Other operating charges | 640/8 | €29,049 | €22,981 | -€6,068 | -20.9% |
| Non-recurring operating charges | 66A | - | €617,860 | +€617,860 | |
| Gross operating margin | 9900 | €623,674 | €580,673 | -€43,001 | -6.9% |
| Operating profit (loss) | 9901 | €334,460 | -€302,517 | -€636,977 | |
| Financial income | 75/76B | €23,680 | - | -€23,680 | |
| Recurring financial income | 75 | €23,680 | - | -€23,680 | |
| Non-recurring financial income | 76B | €23,680 | - | -€23,680 | |
| Financial charges | 65/66B | €126,674 | €108,531 | -€18,144 | -14.3% |
| Recurring financial charges | 65 | €126,674 | €108,531 | -€18,144 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €231,466 | -€411,047 | -€642,513 | |
| Income taxes | 67/77 | €59,513 | €0 | -€59,513 | -100.0% |
| Profit (loss) for the period | 9904 | €171,952 | -€411,047 | -€583,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,952 | -€411,047 | -€583,000 |
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 15 October 2026 via checked.be.