CONCORDANCE: 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.
CONCORDANCE
Largest movements
- Cash +€15,253
up €15,253 (+104.9%), from €14,541 to €29,794
mainly Net result for the year (+€18,224) and Tax, wage and social debts (+€9,196)
- Stocks and contracts +€12,095
up €12,095 (+48.3%), from €25,027 to €37,122
- Tangible fixed assets -€1,811
down €1,811 (-11.9%), from €15,265 to €13,454
of which Plant, machinery and equipment: -€2,817
- Intangible fixed assets +€1,227
new in 2025: €1,227
- Profit (loss) carried forward +€18,224
up €18,224 (+192.3%), from €9,476 to €27,701
- Tax, wage and social debts +€9,196
up €9,196 (+113.4%), from €8,113 to €17,309
- Other debts -€2,381
down €2,381 (-36.3%), from €6,562 to €4,180
- Trade debts +€1,995
up €1,995 (+67.4%), from €2,960 to €4,955
- Gross operating margin +€14,313
up €14,313 (+91.1%), from €15,712 to €30,025
- Taxes +€4,221
up €4,221 (+209.1%), from €2,018 to €6,240
- Depreciation +€1,224
up €1,224 (+40.8%), from €2,997 to €4,221
- Financial income -€326
no longer reported in 2025 (was €326)
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 | €57,111 | €84,146 | +€27,035 | +47.3% |
| Formation expenses | 20 | €97 | €0 | -€97 | -100.0% |
| Fixed assets | 21/28 | €17,415 | €16,831 | -€584 | -3.4% |
| Intangible fixed assets | 21 | - | €1,227 | +€1,227 | |
| Tangible fixed assets | 22/27 | €15,265 | €13,454 | -€1,811 | -11.9% |
| Plant, machinery and equipment | 23 | €12,922 | €10,105 | -€2,817 | -21.8% |
| Furniture and vehicles | 24 | €2,343 | €3,349 | +€1,006 | +42.9% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €39,600 | €67,315 | +€27,715 | +70.0% |
| Stocks and contracts in progress | 3 | €25,027 | €37,122 | +€12,095 | +48.3% |
| Stocks | 30/36 | €25,027 | €37,122 | +€12,095 | +48.3% |
| Amounts receivable within one year | 40/41 | - | €252 | +€252 | |
| Other amounts receivable | 41 | - | €252 | +€252 | |
| Cash at bank and in hand | 54/58 | €14,541 | €29,794 | +€15,253 | +104.9% |
| Deferred charges and accrued income | 490/1 | €32 | €147 | +€115 | +359.3% |
| Total equity and liabilities | 10/49 | €57,111 | €84,146 | +€27,035 | +47.3% |
| Equity | 10/15 | €39,476 | €57,701 | +€18,224 | +46.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,476 | €27,701 | +€18,224 | +192.3% |
| Amounts payable | 17/49 | €17,635 | €26,445 | +€8,810 | +50.0% |
| Amounts payable within one year | 42/48 | €17,635 | €26,445 | +€8,810 | +50.0% |
| Trade debts | 44 | €2,960 | €4,955 | +€1,995 | +67.4% |
| Suppliers | 440/4 | €2,960 | €4,955 | +€1,995 | +67.4% |
| Taxes, remuneration and social security | 45 | €8,113 | €17,309 | +€9,196 | +113.4% |
| Taxes | 450/3 | €8,113 | €17,309 | +€9,196 | +113.4% |
| Other amounts payable | 47/48 | €6,562 | €4,180 | -€2,381 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,997 | €4,221 | +€1,224 | +40.8% |
| Other operating charges | 640/8 | €1,063 | €1,092 | +€28 | +2.7% |
| Gross operating margin | 9900 | €15,712 | €30,025 | +€14,313 | +91.1% |
| Operating profit (loss) | 9901 | €11,652 | €24,713 | +€13,061 | +112.1% |
| Financial income | 75/76B | €326 | - | -€326 | |
| Recurring financial income | 75 | €326 | - | -€326 | |
| Financial charges | 65/66B | €483 | €248 | -€235 | -48.6% |
| Recurring financial charges | 65 | €483 | €248 | -€235 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €11,495 | €24,464 | +€12,970 | +112.8% |
| Income taxes | 67/77 | €2,018 | €6,240 | +€4,221 | +209.1% |
| Profit (loss) for the period | 9904 | €9,476 | €18,224 | +€8,748 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,476 | €18,224 | +€8,748 | +92.3% |
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 7 October 2026 via checked.be.