CONCORDE FINANCE: 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 FINANCE
Largest movements
- Receivables after one year +€6.9m
up €6.9m (+4.6%), from €151.1m to €158.0m
- Deferred charges and accrued income +€5.0m
up €5.0m (+55.3%), from €9.1m to €14.1m
- Cash -€4.1m
down €4.1m (-64.8%), from €6.3m to €2.2m
mainly Receivables after one year (-€6.9m) and Deferred charges and accrued income (-€5.0m)
- Financial fixed assets +€3.3m
up €3.3m (+53.5%), from €6.1m to €9.4m
- Profit (loss) carried forward +€8.0m
up €8.0m (+5.6%), from €141.2m to €149.2m
- Debts after one year +€3.9m
up €3.9m (+273%), from €1.4m to €5.4m
- Current portion of long-term debt -€3.0m
down €3.0m (-97.3%), from €3.1m to €83,124
- Tax, wage and social debts +€1.9m
up €1.9m (+793%), from €238,166 to €2.1m
- Financial charges -€2.7m
down €2.7m (-86.5%), from €3.1m to €419,960
of which Financial charges: -€2.8m
- Financial income +€2.0m
up €2.0m (+21.2%), from €9.2m to €11.2m
of which Financial income: +€1.4m
- Taxes +€1.6m
up €1.6m (+236%), from €692,962 to €2.3m
- Other operating charges -€428,774
down €428,774 (-50.0%), from €857,782 to €429,008
- Gross operating margin -€81,053
down €81,053 (-82.4%), from €98,373 to €17,319
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,138,034 | €188,496,743 | +€10.4m | +5.8% |
| Fixed assets | 21/28 | €8,184,910 | €11,496,065 | +€3.3m | +40.5% |
| Tangible fixed assets | 22/27 | €2,038,094 | €2,058,986 | +€20,893 | +1.0% |
| Land and buildings | 22 | €2,038,094 | €2,058,986 | +€20,893 | +1.0% |
| Financial fixed assets | 28 | €6,146,816 | €9,437,078 | +€3.3m | +53.5% |
| Current assets | 29/58 | €169,953,124 | €177,000,679 | +€7.0m | +4.1% |
| Amounts receivable after more than one year | 29 | €151,098,478 | €157,985,152 | +€6.9m | +4.6% |
| Other amounts receivable | 291 | €151,098,478 | €157,985,152 | +€6.9m | +4.6% |
| Amounts receivable within one year | 40/41 | €534,054 | €1,305,538 | +€771,484 | +144% |
| Trade receivables | 40 | €6,313 | €487,550 | +€481,237 | +7,622% |
| Other amounts receivable | 41 | €527,741 | €817,988 | +€290,247 | +55.0% |
| Current investments | 50/53 | €3,000,000 | €1,436,319 | -€1.6m | -52.1% |
| Cash at bank and in hand | 54/58 | €6,265,786 | €2,207,046 | -€4.1m | -64.8% |
| Deferred charges and accrued income | 490/1 | €9,054,806 | €14,066,623 | +€5.0m | +55.3% |
| Total equity and liabilities | 10/49 | €178,138,034 | €188,496,743 | +€10.4m | +5.8% |
| Equity | 10/15 | €165,403,222 | €173,378,147 | +€8.0m | +4.8% |
| Contributions | 10/11 | €22,000,000 | €22,000,000 | = | 0.0% |
| Reserves | 13 | €2,200,000 | €2,200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200,000 | €0 | -€2.2m | -100% |
| Reserves not available under the articles | 1311 | €2,200,000 | €0 | -€2.2m | -100% |
| Distributable reserves | 133 | - | €2,200,000 | +€2.2m | |
| Profit (loss) carried forward | 14 | €141,203,222 | €149,178,147 | +€8.0m | +5.6% |
| Amounts payable | 17/49 | €12,734,813 | €15,118,597 | +€2.4m | +18.7% |
| Amounts payable after more than one year | 17 | €1,446,021 | €5,395,319 | +€3.9m | +273% |
| Financial debts | 170/4 | €1,446,021 | €5,395,319 | +€3.9m | +273% |
| Amounts payable within one year | 42/48 | €3,371,225 | €2,219,451 | -€1.2m | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €3,124,155 | €83,124 | -€3.0m | -97.3% |
| Trade debts | 44 | €7,911 | €8,869 | +€957 | +12.1% |
| Suppliers | 440/4 | €7,911 | €8,869 | +€957 | +12.1% |
| Taxes, remuneration and social security | 45 | €238,166 | €2,126,380 | +€1.9m | +793% |
| Taxes | 450/3 | €238,166 | €2,126,380 | +€1.9m | +793% |
| Other amounts payable | 47/48 | €993 | €1,078 | +€85 | +8.6% |
| Accrued charges and deferred income | 492/3 | €7,917,566 | €7,503,827 | -€413,739 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,891 | €65,105 | +€4,214 | +6.9% |
| Other operating charges | 640/8 | €857,782 | €429,008 | -€428,774 | -50.0% |
| Gross operating margin | 9900 | €98,373 | €17,319 | -€81,053 | -82.4% |
| Operating profit (loss) | 9901 | -€820,300 | -€476,794 | +€343,507 | +41.9% |
| Financial income | 75/76B | €9,237,729 | €11,196,904 | +€2.0m | +21.2% |
| Recurring financial income | 75 | €9,237,729 | €10,666,383 | +€1.4m | +15.5% |
| Non-recurring financial income | 76B | - | €530,521 | +€530,521 | |
| Financial charges | 65/66B | €3,106,574 | €419,960 | -€2.7m | -86.5% |
| Recurring financial charges | 65 | €3,106,574 | €319,960 | -€2.8m | -89.7% |
| Non-recurring financial charges | 66B | - | €100,000 | +€100,000 | |
| Profit (loss) for the period before taxes | 9903 | €5,310,854 | €10,300,151 | +€5.0m | +93.9% |
| Income taxes | 67/77 | €692,962 | €2,325,226 | +€1.6m | +236% |
| Profit (loss) for the period | 9904 | €4,617,892 | €7,974,925 | +€3.4m | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,617,892 | €7,974,925 | +€3.4m | +72.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2023 and 31 August 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.