CONCORDE: 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
CONCORDE
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€306,991
2024 · €653,590-€346,600
Equity
€6.8m
2024 · €6.9m-€38,009
Cash
€36,580
2024 · €91,662-€55,081
Balance sheet total
€13.6m
2024 · €14.1m-€510,304
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-35.5%), from €3.1m to €2.0m
- Tangible fixed assets +€688,124
up €688,124 (+9.2%), from €7.5m to €8.2m
of which Land and buildings: +€615,058
Equity and liabilities
- Short-term financial debts -€550,000
down €550,000 (-39.3%), from €1.4m to €850,000
- Other debts +€428,443
up €428,443 (+8.4%), from €5.1m to €5.5m
- Trade debts -€188,820
down €188,820 (-74.9%), from €252,119 to €63,298
Income statement
- Gross operating margin -€224,677
down €224,677 (-20.0%), from €1.1m to €898,549
- Financial income -€117,658
down €117,658 (-50.7%), from €232,290 to €114,633
of which Non-recurring financial income: -€200,974
- Depreciation +€23,216
up €23,216 (+5.2%), from €447,919 to €471,135
- Financial charges -€14,363
down €14,363 (-23.1%), from €62,157 to €47,794
of which Financial charges: -€12,874
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
€653,590
Gross operating margin
-€224,677
Staff costs
-€1,359
Depreciation
-€23,216
Other operating charges
+€6,271
Financial income
-€117,658
Financial charges
+€14,363
Taxes
-€324
Result 2025
€306,991
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
+€2.0m
Investment
-€1.2m
Financing
-€909,750
Cash 2024
€91,662
From operations (derived)
+€2.0m
Net result for the year
+€306,991
Depreciation
+€471,135
Receivables after one year
+€60,000
Stocks and contracts
+€1.1m
Receivables within one year
+€90,499
Deferred charges and accrued income
-€92,148
Provisions
-€40,441
Trade debts
-€188,820
Tax, wage and social debts
-€120,465
Other debts
+€428,443
Accrued charges and deferred income
+€13,739
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€909,750
Debts after one year
-€14,750
Short-term financial debts
-€550,000
Contributions, distributions and other
-€345,000
Cash 2025
€36,580
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,087,270 | €13,576,966 | -€510,304 | -3.6% |
| Fixed assets | 21/28 | €9,702,026 | €10,397,520 | +€695,493 | +7.2% |
| Tangible fixed assets | 22/27 | €7,519,913 | €8,208,037 | +€688,124 | +9.2% |
| Land and buildings | 22 | €7,503,403 | €8,118,461 | +€615,058 | +8.2% |
| Plant, machinery and equipment | 23 | - | €989 | +€989 | |
| Furniture and vehicles | 24 | €16,511 | €88,587 | +€72,076 | +436.5% |
| Financial fixed assets | 28 | €2,182,113 | €2,189,483 | +€7,370 | +0.3% |
| Current assets | 29/58 | €4,385,244 | €3,179,446 | -€1.2m | -27.5% |
| Amounts receivable after more than one year | 29 | €782,304 | €722,304 | -€60,000 | -7.7% |
| Other amounts receivable | 291 | €782,304 | €722,304 | -€60,000 | -7.7% |
| Stocks and contracts in progress | 3 | €3,075,933 | €1,983,568 | -€1.1m | -35.5% |
| Stocks | 30/36 | €3,075,933 | €1,983,568 | -€1.1m | -35.5% |
| Amounts receivable within one year | 40/41 | €369,972 | €279,473 | -€90,499 | -24.5% |
| Trade receivables | 40 | €346,207 | €245,618 | -€100,590 | -29.1% |
| Other amounts receivable | 41 | €23,765 | €33,855 | +€10,091 | +42.5% |
| Cash at bank and in hand | 54/58 | €91,662 | €36,580 | -€55,081 | -60.1% |
| Deferred charges and accrued income | 490/1 | €65,373 | €157,522 | +€92,148 | +141.0% |
| Total equity and liabilities | 10/49 | €14,087,270 | €13,576,966 | -€510,304 | -3.6% |
| Equity | 10/15 | €6,878,126 | €6,840,117 | -€38,009 | -0.6% |
| Contributions | 10/11 | €734,626 | €734,626 | = | 0.0% |
| Capital | 10 | €734,626 | €734,626 | = | 0.0% |
| Issued capital | 100 | €902,401 | €902,401 | = | 0.0% |
| Uncalled capital | 101 | €167,774 | €167,774 | = | 0.0% |
| Reserves | 13 | €6,143,500 | €6,105,491 | -€38,009 | -0.6% |
| Non-distributable reserves | 130/1 | €90,240 | €90,240 | = | 0.0% |
| Legal reserve | 130 | €90,240 | €90,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €977,918 | €782,335 | -€195,584 | -20.0% |
| Distributable reserves | 133 | €5,075,342 | €5,232,916 | +€157,574 | +3.1% |
| Provisions and deferred taxes | 16 | €202,206 | €161,765 | -€40,441 | -20.0% |
| Deferred taxes | 168 | €202,206 | €161,765 | -€40,441 | -20.0% |
| Amounts payable | 17/49 | €7,006,938 | €6,575,084 | -€431,854 | -6.2% |
| Amounts payable after more than one year | 17 | €100,957 | €86,207 | -€14,750 | -14.6% |
| Financial debts | 170/4 | €95,000 | €75,000 | -€20,000 | -21.1% |
| Other amounts payable | 178/9 | €5,957 | €11,207 | +€5,250 | +88.1% |
| Amounts payable within one year | 42/48 | €6,899,594 | €6,468,751 | -€430,843 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 43 | €1,400,000 | €850,000 | -€550,000 | -39.3% |
| Credit institutions | 430/8 | €1,400,000 | €850,000 | -€550,000 | -39.3% |
| Trade debts | 44 | €252,119 | €63,298 | -€188,820 | -74.9% |
| Suppliers | 440/4 | €252,119 | €63,298 | -€188,820 | -74.9% |
| Taxes, remuneration and social security | 45 | €149,486 | €29,021 | -€120,465 | -80.6% |
| Taxes | 450/3 | €140,783 | €21,684 | -€119,099 | -84.6% |
| Remuneration and social security | 454/9 | €8,703 | €7,337 | -€1,367 | -15.7% |
| Other amounts payable | 47/48 | €5,077,989 | €5,506,432 | +€428,443 | +8.4% |
| Accrued charges and deferred income | 492/3 | €6,386 | €20,126 | +€13,739 | +215.1% |
| Remuneration, social security and pensions | 62 | €62,739 | €64,098 | +€1,359 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447,919 | €471,135 | +€23,216 | +5.2% |
| Other operating charges | 640/8 | €168,571 | €162,301 | -€6,271 | -3.7% |
| Gross operating margin | 9900 | €1,123,225 | €898,549 | -€224,677 | -20.0% |
| Operating profit (loss) | 9901 | €443,996 | €201,016 | -€242,981 | -54.7% |
| Financial income | 75/76B | €232,290 | €114,633 | -€117,658 | -50.7% |
| Recurring financial income | 75 | €23,946 | €107,263 | +€83,317 | +347.9% |
| Non-recurring financial income | 76B | €208,344 | €7,370 | -€200,974 | -96.5% |
| Financial charges | 65/66B | €62,157 | €47,794 | -€14,363 | -23.1% |
| Recurring financial charges | 65 | €60,668 | €47,794 | -€12,874 | -21.2% |
| Non-recurring financial charges | 66B | €1,490 | - | -€1,490 | |
| Profit (loss) for the period before taxes | 9903 | €614,129 | €267,854 | -€346,275 | -56.4% |
| Transfer from deferred taxes | 780 | €40,441 | €40,441 | = | 0.0% |
| Income taxes | 67/77 | €980 | €1,305 | +€324 | +33.1% |
| Profit (loss) for the period | 9904 | €653,590 | €306,991 | -€346,600 | -53.0% |
| Transfer from tax-exempt reserves | 789 | €195,584 | €195,584 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €849,174 | €502,574 | -€346,600 | -40.8% |
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 5 October 2026 via checked.be.