CONCO: what changed
Two fiscal 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.
CONCO
Largest movements
- Cash +€255,404
up €255,404 (+29.5%), from €866,377 to €1.1m
mainly Receivables within one year (+€229,084) and Net result for the year (+€202,656)
- Receivables within one year -€229,084
down €229,084 (-88.4%), from €259,077 to €29,993
of which Trade receivables: -€194,330
- Deferred charges and accrued income -€110,544
down €110,544 (-94.0%), from €117,544 to €7,000
- Tangible fixed assets +€91,606
up €91,606 (+72.2%), from €126,836 to €218,443
of which Furniture and vehicles: +€98,116
- Other debts -€98,176
down €98,176 (-54.4%), from €180,543 to €82,367
- Reserves +€88,650
up €88,650 (+9.0%), from €986,910 to €1.1m
of which Distributable reserves: +€88,650
- Tax, wage and social debts +€18,302
new in 2025: €18,302
- Gross operating margin +€176,005
up €176,005 (+68.7%), from €256,053 to €432,058
- Taxes +€35,259
up €35,259 (+64.8%), from €54,381 to €89,640
- Financial charges +€13,374
up €13,374 (+325.5%), from €4,108 to €17,482
- Depreciation +€9,523
up €9,523 (+27.9%), from €34,083 to €43,606
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 | €1,371,233 | €1,378,791 | +€7,558 | +0.6% |
| Fixed assets | 21/28 | €128,236 | €220,019 | +€91,782 | +71.6% |
| Tangible fixed assets | 22/27 | €126,836 | €218,443 | +€91,606 | +72.2% |
| Plant, machinery and equipment | 23 | €17,541 | €11,031 | -€6,510 | -37.1% |
| Furniture and vehicles | 24 | €109,295 | €207,411 | +€98,116 | +89.8% |
| Financial fixed assets | 28 | €1,400 | €1,576 | +€176 | +12.6% |
| Current assets | 29/58 | €1,242,997 | €1,158,773 | -€84,224 | -6.8% |
| Amounts receivable within one year | 40/41 | €259,077 | €29,993 | -€229,084 | -88.4% |
| Trade receivables | 40 | €224,322 | €29,993 | -€194,330 | -86.6% |
| Other amounts receivable | 41 | €34,754 | - | -€34,754 | |
| Cash at bank and in hand | 54/58 | €866,377 | €1,121,780 | +€255,404 | +29.5% |
| Deferred charges and accrued income | 490/1 | €117,544 | €7,000 | -€110,544 | -94.0% |
| Total equity and liabilities | 10/49 | €1,371,233 | €1,378,791 | +€7,558 | +0.6% |
| Equity | 10/15 | €1,154,106 | €1,242,762 | +€88,656 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €986,910 | €1,075,560 | +€88,650 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €985,050 | €1,073,700 | +€88,650 | +9.0% |
| Profit (loss) carried forward | 14 | €148,596 | €148,602 | +€6 | 0.0% |
| Amounts payable | 17/49 | €217,127 | €136,029 | -€81,098 | -37.4% |
| Amounts payable within one year | 42/48 | €214,167 | €136,029 | -€78,138 | -36.5% |
| Trade debts | 44 | €33,624 | €35,360 | +€1,736 | +5.2% |
| Suppliers | 440/4 | €33,624 | €35,360 | +€1,736 | +5.2% |
| Taxes, remuneration and social security | 45 | - | €18,302 | +€18,302 | |
| Taxes | 450/3 | - | €18,302 | +€18,302 | |
| Other amounts payable | 47/48 | €180,543 | €82,367 | -€98,176 | -54.4% |
| Accrued charges and deferred income | 492/3 | €2,960 | - | -€2,960 | |
| Non-recurring operating income | 76A | €2,437 | - | -€2,437 | |
| Remuneration, social security and pensions | 62 | €43,367 | €45,647 | +€2,280 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,083 | €43,606 | +€9,523 | +27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,698 | €4,710 | +€2,012 | +74.6% |
| Other operating charges | 640/8 | €3,116 | €405 | -€2,711 | -87.0% |
| Non-recurring operating charges | 66A | - | €40,068 | +€40,068 | |
| Gross operating margin | 9900 | €256,053 | €432,058 | +€176,005 | +68.7% |
| Operating profit (loss) | 9901 | €172,788 | €297,622 | +€124,834 | +72.2% |
| Financial income | 75/76B | €13,206 | €12,156 | -€1,049 | -7.9% |
| Recurring financial income | 75 | €13,206 | €12,156 | -€1,049 | -7.9% |
| Financial charges | 65/66B | €4,108 | €17,482 | +€13,374 | +325.5% |
| Recurring financial charges | 65 | €4,108 | €17,482 | +€13,374 | +325.5% |
| Profit (loss) for the period before taxes | 9903 | €181,885 | €292,296 | +€110,411 | +60.7% |
| Income taxes | 67/77 | €54,381 | €89,640 | +€35,259 | +64.8% |
| Profit (loss) for the period | 9904 | €127,505 | €202,656 | +€75,152 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €127,505 | €202,656 | +€75,152 | +58.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.