CONCORDE: 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.
CONCORDE
Largest movements
- Deferred charges and accrued income +€9,494
up €9,494 (+799.8%), from €1,187 to €10,681
- Tangible fixed assets +€2,888
up €2,888 (+11.9%), from €24,257 to €27,145
of which Plant, machinery and equipment: +€5,422
- Cash -€2,642
down €2,642 (-22.9%), from €11,520 to €8,878
mainly Net result for the year (-€46,288) and Deferred charges and accrued income (-€9,494)
- Other debts +€65,516
up €65,516 (+100.8%), from €64,984 to €130,501
- Profit (loss) carried forward -€46,288
down €46,288 (-83.0%), from -€55,743 to -€102,032
- Debts after one year -€6,111
down €6,111 (-100.0%), from €6,111 to €0
- Short-term financial debts -€3,103
down €3,103 (-65.9%), from €4,706 to €1,603
- Current portion of long-term debt +€1,111
up €1,111, from €0 to €1,111
- Staff costs +€15,612
up €15,612 (+17.2%), from €91,004 to €106,616
- Gross operating margin -€11,487
down €11,487 (-14.1%), from €81,703 to €70,216
- Depreciation -€4,376
down €4,376 (-45.0%), from €9,720 to €5,344
- Financial charges -€2,259
down €2,259 (-46.8%), from €4,830 to €2,572
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 | €82,609 | €92,534 | +€9,925 | +12.0% |
| Fixed assets | 21/28 | €29,735 | €32,623 | +€2,888 | +9.7% |
| Tangible fixed assets | 22/27 | €24,257 | €27,145 | +€2,888 | +11.9% |
| Plant, machinery and equipment | 23 | €4,426 | €9,848 | +€5,422 | +122.5% |
| Furniture and vehicles | 24 | €710 | €237 | -€474 | -66.7% |
| Other tangible fixed assets | 26 | €19,121 | €17,060 | -€2,061 | -10.8% |
| Financial fixed assets | 28 | €5,478 | €5,478 | = | 0.0% |
| Current assets | 29/58 | €52,874 | €59,911 | +€7,037 | +13.3% |
| Stocks and contracts in progress | 3 | €35,467 | €35,682 | +€215 | +0.6% |
| Stocks | 30/36 | €35,467 | €35,682 | +€215 | +0.6% |
| Amounts receivable within one year | 40/41 | €4,700 | €4,671 | -€29 | -0.6% |
| Trade receivables | 40 | €4,699 | €4,671 | -€28 | -0.6% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,520 | €8,878 | -€2,642 | -22.9% |
| Deferred charges and accrued income | 490/1 | €1,187 | €10,681 | +€9,494 | +799.8% |
| Total equity and liabilities | 10/49 | €82,609 | €92,534 | +€9,925 | +12.0% |
| Equity | 10/15 | -€35,166 | -€81,455 | -€46,288 | -131.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,985 | €1,985 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,985 | €0 | -€1,985 | -100.0% |
| Reserves not available under the articles | 1311 | €1,985 | €0 | -€1,985 | -100.0% |
| Distributable reserves | 133 | €0 | €1,985 | +€1,985 | |
| Profit (loss) carried forward | 14 | -€55,743 | -€102,032 | -€46,288 | -83.0% |
| Amounts payable | 17/49 | €117,776 | €173,989 | +€56,213 | +47.7% |
| Amounts payable after more than one year | 17 | €6,111 | €0 | -€6,111 | -100.0% |
| Financial debts | 170/4 | €6,111 | €0 | -€6,111 | -100.0% |
| Amounts payable within one year | 42/48 | €111,665 | €173,989 | +€62,324 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €1,111 | +€1,111 | |
| Financial debts | 43 | €4,706 | €1,603 | -€3,103 | -65.9% |
| Credit institutions | 430/8 | €4,706 | €1,603 | -€3,103 | -65.9% |
| Trade debts | 44 | €25,937 | €25,585 | -€352 | -1.4% |
| Suppliers | 440/4 | €25,937 | €25,585 | -€352 | -1.4% |
| Taxes, remuneration and social security | 45 | €16,037 | €15,189 | -€848 | -5.3% |
| Taxes | 450/3 | €16,037 | €6,489 | -€9,548 | -59.5% |
| Remuneration and social security | 454/9 | - | €8,700 | +€8,700 | |
| Other amounts payable | 47/48 | €64,984 | €130,501 | +€65,516 | +100.8% |
| Remuneration, social security and pensions | 62 | €91,004 | €106,616 | +€15,612 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,720 | €5,344 | -€4,376 | -45.0% |
| Other operating charges | 640/8 | €2,119 | €2,264 | +€145 | +6.8% |
| Gross operating margin | 9900 | €81,703 | €70,216 | -€11,487 | -14.1% |
| Operating profit (loss) | 9901 | -€21,141 | -€44,008 | -€22,868 | -108.2% |
| Financial income | 75/76B | €272 | €292 | +€19 | +7.2% |
| Recurring financial income | 75 | €272 | €292 | +€19 | +7.2% |
| Financial charges | 65/66B | €4,830 | €2,572 | -€2,259 | -46.8% |
| Recurring financial charges | 65 | €4,830 | €2,572 | -€2,259 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,699 | -€46,288 | -€20,590 | -80.1% |
| Profit (loss) for the period | 9904 | -€25,699 | -€46,288 | -€20,590 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,699 | -€46,288 | -€20,590 | -80.1% |
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 9 October 2026 via checked.be.