CONCERTO FOREST NATIONAL: 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 FOREST NATIONAL
Largest movements
- Tangible fixed assets +€58,437
up €58,437 (+570%), from €10,252 to €68,689
of which Plant, machinery and equipment: +€61,498
- Cash -€28,018
down €28,018 (-51.1%), from €54,778 to €26,760
mainly Investment in fixed assets (net) (-€66,825) and Receivables within one year (-€13,424)
- Receivables within one year +€13,424
up €13,424 (+1,201%), from €1,118 to €14,542
of which Other amounts receivable: +€12,440
- Debts after one year +€34,325
up €34,325 (+1,135%), from €3,023 to €37,348
- Investment grants +€9,007
new in 2025: €9,007
- Current portion of long-term debt +€6,263
up €6,263 (+369%), from €1,698 to €7,961
- Tax, wage and social debts -€3,382
down €3,382 (-15.0%), from €22,525 to €19,143
- Other debts -€2,611
down €2,611 (-13.0%), from €20,030 to €17,419
- Staff costs +€27,542
up €27,542 (+30.6%), from €89,969 to €117,511
- Taxes -€8,733
down €8,733 (-68.0%), from €12,844 to €4,111
- Depreciation +€6,398
up €6,398 (+322%), from €1,990 to €8,388
- Financial income +€3,002
new in 2025: €3,002
- Gross operating margin +€1,827
up €1,827 (+1.2%), from €148,580 to €150,407
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 | €68,528 | €112,723 | +€44,195 | +64.5% |
| Fixed assets | 21/28 | €10,252 | €68,689 | +€58,437 | +570% |
| Tangible fixed assets | 22/27 | €10,252 | €68,689 | +€58,437 | +570% |
| Plant, machinery and equipment | 23 | - | €61,498 | +€61,498 | |
| Furniture and vehicles | 24 | €10,252 | €7,191 | -€3,061 | -29.9% |
| Current assets | 29/58 | €58,276 | €44,034 | -€14,242 | -24.4% |
| Stocks and contracts in progress | 3 | €2,380 | €2,732 | +€352 | +14.8% |
| Stocks | 30/36 | €2,380 | €2,732 | +€352 | +14.8% |
| Amounts receivable within one year | 40/41 | €1,118 | €14,542 | +€13,424 | +1,201% |
| Trade receivables | 40 | - | €984 | +€984 | |
| Other amounts receivable | 41 | €1,118 | €13,558 | +€12,440 | +1,113% |
| Cash at bank and in hand | 54/58 | €54,778 | €26,760 | -€28,018 | -51.1% |
| Total equity and liabilities | 10/49 | €68,528 | €112,723 | +€44,195 | +64.5% |
| Equity | 10/15 | €4,101 | €11,351 | +€7,250 | +177% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,101 | €344 | -€1,757 | -83.6% |
| Investment grants | 15 | - | €9,007 | +€9,007 | |
| Amounts payable | 17/49 | €64,427 | €101,372 | +€36,945 | +57.3% |
| Amounts payable after more than one year | 17 | €3,023 | €37,348 | +€34,325 | +1,135% |
| Financial debts | 170/4 | €3,023 | €37,348 | +€34,325 | +1,135% |
| Amounts payable within one year | 42/48 | €61,404 | €64,024 | +€2,620 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €1,698 | €7,961 | +€6,263 | +369% |
| Trade debts | 44 | €17,151 | €19,501 | +€2,350 | +13.7% |
| Suppliers | 440/4 | €17,151 | €19,501 | +€2,350 | +13.7% |
| Taxes, remuneration and social security | 45 | €22,525 | €19,143 | -€3,382 | -15.0% |
| Taxes | 450/3 | €22,525 | €19,143 | -€3,382 | -15.0% |
| Other amounts payable | 47/48 | €20,030 | €17,419 | -€2,611 | -13.0% |
| Remuneration, social security and pensions | 62 | €89,969 | €117,511 | +€27,542 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,990 | €8,388 | +€6,398 | +322% |
| Other operating charges | 640/8 | €3,398 | €3,588 | +€190 | +5.6% |
| Gross operating margin | 9900 | €148,580 | €150,407 | +€1,827 | +1.2% |
| Operating profit (loss) | 9901 | €53,223 | €20,920 | -€32,303 | -60.7% |
| Financial income | 75/76B | - | €3,002 | +€3,002 | |
| Recurring financial income | 75 | - | €3,002 | +€3,002 | |
| Financial charges | 65/66B | €2,278 | €4,068 | +€1,790 | +78.6% |
| Recurring financial charges | 65 | €2,278 | €4,068 | +€1,790 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €50,945 | €19,854 | -€31,091 | -61.0% |
| Income taxes | 67/77 | €12,844 | €4,111 | -€8,733 | -68.0% |
| Profit (loss) for the period | 9904 | €38,101 | €15,743 | -€22,358 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,101 | €15,743 | -€22,358 | -58.7% |
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 31 October 2026 via checked.be.