Concordans: 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.
Concordans
Largest movements
- Cash +€23,930
up €23,930 (+413%), from €5,787 to €29,717
mainly Net result for the year (+€30,343) and Deferred charges and accrued income (+€10,233)
- Receivables within one year +€16,423
up €16,423 (+168%), from €9,775 to €26,198
of which Trade receivables: +€14,964
- Deferred charges and accrued income -€10,233
down €10,233 (-89.3%), from €11,455 to €1,222
- Tangible fixed assets -€2,315
down €2,315 (-36.0%), from €6,434 to €4,119
- Reserves +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€9,657
down €9,657 (-60.5%), from €15,954 to €6,298
- Other debts -€3,752
down €3,752 (-72.3%), from €5,187 to €1,435
- Tax, wage and social debts +€1,489
up €1,489 (+17.8%), from €8,355 to €9,844
of which Taxes: +€1,489
- Gross operating margin +€18,075
up €18,075 (+74.0%), from €24,417 to €42,492
- Taxes +€3,634
up €3,634 (+74.3%), from €4,890 to €8,524
- Depreciation -€530
down €530 (-18.6%), from €2,844 to €2,315
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 | €33,451 | €61,257 | +€27,806 | +83.1% |
| Fixed assets | 21/28 | €6,434 | €4,119 | -€2,315 | -36.0% |
| Tangible fixed assets | 22/27 | €6,434 | €4,119 | -€2,315 | -36.0% |
| Furniture and vehicles | 24 | €6,434 | €4,119 | -€2,315 | -36.0% |
| Current assets | 29/58 | €27,017 | €57,137 | +€30,121 | +111% |
| Amounts receivable within one year | 40/41 | €9,775 | €26,198 | +€16,423 | +168% |
| Trade receivables | 40 | €9,757 | €24,720 | +€14,964 | +153% |
| Other amounts receivable | 41 | €18 | €1,478 | +€1,460 | +8,046% |
| Cash at bank and in hand | 54/58 | €5,787 | €29,717 | +€23,930 | +413% |
| Deferred charges and accrued income | 490/1 | €11,455 | €1,222 | -€10,233 | -89.3% |
| Total equity and liabilities | 10/49 | €33,451 | €61,257 | +€27,806 | +83.1% |
| Equity | 10/15 | €18,454 | €48,798 | +€30,343 | +164% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €15,954 | €6,298 | -€9,657 | -60.5% |
| Amounts payable | 17/49 | €14,996 | €12,459 | -€2,537 | -16.9% |
| Amounts payable within one year | 42/48 | €14,996 | €12,459 | -€2,537 | -16.9% |
| Financial debts | 43 | €82 | €0 | -€82 | -100% |
| Credit institutions | 430/8 | €82 | €0 | -€82 | -100% |
| Trade debts | 44 | €1,373 | €1,180 | -€192 | -14.0% |
| Suppliers | 440/4 | €1,373 | €1,180 | -€192 | -14.0% |
| Taxes, remuneration and social security | 45 | €8,355 | €9,844 | +€1,489 | +17.8% |
| Taxes | 450/3 | €8,355 | €9,844 | +€1,489 | +17.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,187 | €1,435 | -€3,752 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,844 | €2,315 | -€530 | -18.6% |
| Other operating charges | 640/8 | €846 | €1,092 | +€247 | +29.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,417 | €42,492 | +€18,075 | +74.0% |
| Operating profit (loss) | 9901 | €20,727 | €39,085 | +€18,358 | +88.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €220 | €220 | -€1 | -0.3% |
| Recurring financial charges | 65 | €220 | €220 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €20,507 | €38,868 | +€18,361 | +89.5% |
| Income taxes | 67/77 | €4,890 | €8,524 | +€3,634 | +74.3% |
| Profit (loss) for the period | 9904 | €15,616 | €30,343 | +€14,727 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,616 | €30,343 | +€14,727 | +94.3% |
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 24 October 2026 via checked.be.