CONCOORD: 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.
What changed
CONCOORD
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,129
2024 · €203,365-€77,236
Equity
€88,361
2024 · €92,232-€3,871
Cash
€8,869
2024 · €9,191-€322
Balance sheet total
€867,141
2024 · €1.3m-€472,807
Largest movements
Assets
- Receivables within one year -€465,511
down €465,511 (-36.7%), from €1.3m to €801,375
of which Trade receivables: -€481,132
Equity and liabilities
- Other debts -€302,000
down €302,000 (-69.9%), from €432,000 to €130,000
- Trade debts -€171,654
down €171,654 (-24.0%), from €713,892 to €542,238
- Tax, wage and social debts +€43,092
up €43,092 (+101.1%), from €42,635 to €85,727
of which Remuneration and social security: +€36,292
- Advances received -€32,000
down €32,000 (-100.0%), from €32,000 to €0
Income statement
- Turnover +€672,286
up €672,286 (+33.8%), from €2.0m to €2.7m
- Services and other goods +€590,491
up €590,491 (+52.6%), from €1.1m to €1.7m
- Staff costs +€115,014
up €115,014 (+17.5%), from €655,713 to €770,727
- Goods and materials +€49,891
new in 2025: €49,891
of which Purchases: +€55,638
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.
Result 2024
€203,365
Turnover
+€672,286
Other operating income
+€16,228
Goods and materials
-€49,891
Services and other goods
-€590,491
Staff costs
-€115,014
Depreciation
-€7,736
Other operating charges
+€419
Financial charges
-€2,793
Taxes
-€244
Result 2025
€126,129
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.
From operations
+€147,372
Investment
-€11,320
Financing
-€136,374
Cash 2024
€9,191
From operations (derived)
+€147,372
Net result for the year
+€126,129
Depreciation
+€24,041
Stocks and contracts
-€5,747
Receivables within one year
+€465,511
Trade debts
-€171,654
Tax, wage and social debts
+€43,092
Advances received
-€32,000
Other debts
-€302,000
Investment (derived)
-€11,320
Investment in fixed assets (net)
-€11,320
Financing
-€136,374
Debts after one year
-€6,648
Current portion of long-term debt
+€274
Contributions, distributions and other
-€130,000
Cash 2025
€8,869
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,339,948 | €867,141 | -€472,807 | -35.3% |
| Fixed assets | 21/28 | €59,457 | €46,736 | -€12,721 | -21.4% |
| Tangible fixed assets | 22/27 | €59,457 | €46,736 | -€12,721 | -21.4% |
| Plant, machinery and equipment | 23 | €11,977 | €6,853 | -€5,124 | -42.8% |
| Furniture and vehicles | 24 | €47,480 | €39,884 | -€7,597 | -16.0% |
| Current assets | 29/58 | €1,280,491 | €820,405 | -€460,086 | -35.9% |
| Stocks and contracts in progress | 3 | €4,414 | €10,161 | +€5,747 | +130.2% |
| Stocks | 30/36 | €4,414 | €10,161 | +€5,747 | +130.2% |
| Raw materials and consumables | 30/31 | €4,414 | €10,161 | +€5,747 | +130.2% |
| Amounts receivable within one year | 40/41 | €1,266,886 | €801,375 | -€465,511 | -36.7% |
| Trade receivables | 40 | €1,259,422 | €778,290 | -€481,132 | -38.2% |
| Other amounts receivable | 41 | €7,464 | €23,085 | +€15,621 | +209.3% |
| Cash at bank and in hand | 54/58 | €9,191 | €8,869 | -€322 | -3.5% |
| Total equity and liabilities | 10/49 | €1,339,948 | €867,141 | -€472,807 | -35.3% |
| Equity | 10/15 | €92,232 | €88,361 | -€3,871 | -4.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €21,250 | €21,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,482 | €4,611 | -€3,871 | -45.6% |
| Amounts payable | 17/49 | €1,247,716 | €778,780 | -€468,936 | -37.6% |
| Amounts payable after more than one year | 17 | €20,815 | €14,166 | -€6,648 | -31.9% |
| Financial debts | 170/4 | €20,815 | €14,166 | -€6,648 | -31.9% |
| Credit institutions | 173 | €20,815 | €14,166 | -€6,648 | -31.9% |
| Amounts payable within one year | 42/48 | €1,226,902 | €764,614 | -€462,288 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €6,374 | €6,648 | +€274 | +4.3% |
| Trade debts | 44 | €713,892 | €542,238 | -€171,654 | -24.0% |
| Suppliers | 440/4 | €713,892 | €542,238 | -€171,654 | -24.0% |
| Advances received on contracts in progress | 46 | €32,000 | €0 | -€32,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,635 | €85,727 | +€43,092 | +101.1% |
| Taxes | 450/3 | €231 | €7,031 | +€6,800 | +2944.7% |
| Remuneration and social security | 454/9 | €42,404 | €78,696 | +€36,292 | +85.6% |
| Other amounts payable | 47/48 | €432,000 | €130,000 | -€302,000 | -69.9% |
| Operating income | 70/76A | €2,001,029 | €2,689,543 | +€688,515 | +34.4% |
| Turnover | 70 | €1,989,222 | €2,661,508 | +€672,286 | +33.8% |
| Other operating income | 74 | €11,807 | €28,035 | +€16,228 | +137.5% |
| Operating charges | 60/66A | €1,795,578 | €2,558,292 | +€762,713 | +42.5% |
| Goods for resale, raw materials and consumables | 60 | - | €49,891 | +€49,891 | |
| Purchases | 600/8 | - | €55,638 | +€55,638 | |
| Change in stocks: decrease (increase) | 609 | - | -€5,747 | -€5,747 | |
| Services and other goods | 61 | €1,122,146 | €1,712,637 | +€590,491 | +52.6% |
| Remuneration, social security and pensions | 62 | €655,713 | €770,727 | +€115,014 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,305 | €24,041 | +€7,736 | +47.4% |
| Other operating charges | 640/8 | €1,414 | €995 | -€419 | -29.6% |
| Operating profit (loss) | 9901 | €205,451 | €131,252 | -€74,199 | -36.1% |
| Financial charges | 65/66B | €1,855 | €4,648 | +€2,793 | +150.6% |
| Recurring financial charges | 65 | €1,855 | €4,648 | +€2,793 | +150.6% |
| Debt charges | 650 | €1,293 | €3,988 | +€2,696 | +208.6% |
| Other financial charges | 652/9 | €562 | €659 | +€97 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €203,596 | €126,604 | -€76,992 | -37.8% |
| Income taxes | 67/77 | €231 | €475 | +€244 | +105.6% |
| Taxes | 670/3 | €231 | €475 | +€244 | +105.6% |
| Profit (loss) for the period | 9904 | €203,365 | €126,129 | -€77,236 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €203,365 | €126,129 | -€77,236 | -38.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.