CONCILIUM: 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.
CONCILIUM
Largest movements
- Receivables within one year +€67,135
up €67,135 (+45.6%), from €147,281 to €214,416
of which Trade receivables: +€68,017
- Stocks and contracts -€55,992
down €55,992 (-59.3%), from €94,481 to €38,489
- Cash -€26,219
down €26,219 (-56.6%), from €46,292 to €20,073
mainly Receivables within one year (-€67,135) and Trade debts (-€32,514)
- Tangible fixed assets -€8,422
down €8,422 (-16.6%), from €50,638 to €42,216
of which Furniture and vehicles: -€7,892
- Trade debts -€32,514
down €32,514 (-21.7%), from €149,667 to €117,153
- Reserves +€30,977
up €30,977 (+52.4%), from €59,117 to €90,094
- Other debts -€13,656
down €13,656 (-50.1%), from €27,254 to €13,598
- Accrued charges and deferred income -€4,749
down €4,749 (-77.5%), from €6,129 to €1,380
- Tax, wage and social debts -€4,541
down €4,541 (-18.2%), from €24,916 to €20,375
of which Taxes: -€5,167
- Gross operating margin +€52,119
up €52,119 (+31.8%), from €163,654 to €215,773
- Financial charges +€51,898
up €51,898 (+673.9%), from €7,701 to €59,599
- Write-downs +€9,891
up €9,891, from -€9,891 to €0
- Other operating charges -€8,733
down €8,733 (-65.4%), from €13,345 to €4,613
- Depreciation +€2,877
up €2,877 (+23.0%), from €12,494 to €15,371
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 | €341,950 | €318,724 | -€23,226 | -6.8% |
| Fixed assets | 21/28 | €50,638 | €42,216 | -€8,422 | -16.6% |
| Tangible fixed assets | 22/27 | €50,638 | €42,216 | -€8,422 | -16.6% |
| Plant, machinery and equipment | 23 | €3,511 | €3,040 | -€471 | -13.4% |
| Furniture and vehicles | 24 | €24,561 | €16,669 | -€7,892 | -32.1% |
| Other tangible fixed assets | 26 | €22,566 | €22,508 | -€58 | -0.3% |
| Current assets | 29/58 | €291,312 | €276,508 | -€14,804 | -5.1% |
| Stocks and contracts in progress | 3 | €94,481 | €38,489 | -€55,992 | -59.3% |
| Stocks | 30/36 | €94,481 | €38,489 | -€55,992 | -59.3% |
| Amounts receivable within one year | 40/41 | €147,281 | €214,416 | +€67,135 | +45.6% |
| Trade receivables | 40 | €146,399 | €214,416 | +€68,017 | +46.5% |
| Other amounts receivable | 41 | €882 | €0 | -€882 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,292 | €20,073 | -€26,219 | -56.6% |
| Deferred charges and accrued income | 490/1 | €3,258 | €3,530 | +€272 | +8.3% |
| Total equity and liabilities | 10/49 | €341,950 | €318,724 | -€23,226 | -6.8% |
| Equity | 10/15 | €77,717 | €108,694 | +€30,977 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,117 | €90,094 | +€30,977 | +52.4% |
| Distributable reserves | 133 | €59,117 | €90,094 | +€30,977 | +52.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,233 | €210,030 | -€54,203 | -20.5% |
| Amounts payable within one year | 42/48 | €258,104 | €208,650 | -€49,454 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €6,268 | €7,524 | +€1,257 | +20.1% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €149,667 | €117,153 | -€32,514 | -21.7% |
| Suppliers | 440/4 | €149,667 | €117,153 | -€32,514 | -21.7% |
| Taxes, remuneration and social security | 45 | €24,916 | €20,375 | -€4,541 | -18.2% |
| Taxes | 450/3 | €10,527 | €5,360 | -€5,167 | -49.1% |
| Remuneration and social security | 454/9 | €14,389 | €15,015 | +€626 | +4.3% |
| Other amounts payable | 47/48 | €27,254 | €13,598 | -€13,656 | -50.1% |
| Accrued charges and deferred income | 492/3 | €6,129 | €1,380 | -€4,749 | -77.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €94,044 | €92,213 | -€1,831 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,494 | €15,371 | +€2,877 | +23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,891 | €0 | +€9,891 | |
| Other operating charges | 640/8 | €13,345 | €4,613 | -€8,733 | -65.4% |
| Gross operating margin | 9900 | €163,654 | €215,773 | +€52,119 | +31.8% |
| Operating profit (loss) | 9901 | €53,662 | €103,577 | +€49,915 | +93.0% |
| Financial income | 75/76B | €273 | €283 | +€9 | +3.4% |
| Recurring financial income | 75 | €273 | €283 | +€9 | +3.4% |
| Financial charges | 65/66B | €7,701 | €59,599 | +€51,898 | +673.9% |
| Recurring financial charges | 65 | €7,701 | €59,599 | +€51,898 | +673.9% |
| Profit (loss) for the period before taxes | 9903 | €46,234 | €44,260 | -€1,974 | -4.3% |
| Income taxes | 67/77 | €14,118 | €13,283 | -€835 | -5.9% |
| Profit (loss) for the period | 9904 | €32,116 | €30,977 | -€1,139 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,116 | €30,977 | -€1,139 | -3.5% |
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 12 October 2026 via checked.be.