CONCORDE INVEST: 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.
What changed
CONCORDE INVEST
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.6m-€122,357
Equity
€6.9m
2024 · €6.9m+€48,220
Cash
€780,530
2024 · €7,145+€773,385
Balance sheet total
€11.3m
2024 · €13.1m-€1.8m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-70.9%), from €2.1m to €623,665
of which Trade receivables: -€1.6m
- Tangible fixed assets -€986,198
down €986,198 (-14.2%), from €6.9m to €5.9m
of which Land and buildings: -€956,842
- Cash +€773,385
up €773,385 (+10,824%), from €7,145 to €780,530
mainly Receivables within one year (+€1.5m) and Net result for the year (+€1.4m)
Equity and liabilities
- Short-term financial debts -€1.4m
no longer reported in 2025 (was €1.4m)
- Trade debts -€181,513
down €181,513 (-83.8%), from €216,619 to €35,106
Income statement
- Financial income -€122,821
down €122,821 (-39.2%), from €313,163 to €190,342
of which Non-recurring financial income: -€200,974
- Financial charges -€73,406
down €73,406 (-57.2%), from €128,398 to €54,992
of which Financial charges: -€71,916
- Gross operating margin -€36,316
down €36,316 (-1.5%), from €2.4m to €2.3m
- Other operating charges +€30,658
up €30,658 (+244%), from €12,546 to €43,205
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
€1.6m
Gross operating margin
-€36,316
Staff costs
-€764
Depreciation
+€123
Provisions
-€4,353
Other operating charges
-€30,658
Financial income
-€122,821
Financial charges
+€73,406
Taxes
-€974
Result 2025
€1.4m
raises the resultlowers the result
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.
From operations
+€3.7m
Investment
-€20,655
Financing
-€2.9m
Cash 2024
€7,145
From operations (derived)
+€3.7m
Net result for the year
+€1.4m
Depreciation
+€999,483
Receivables after one year
+€60,000
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€40,588
Provisions
-€106,992
Trade debts
-€181,513
Tax, wage and social debts
-€54,192
Other debts
-€62,704
Accrued charges and deferred income
+€21,590
Investment (derived)
-€20,655
Investment in fixed assets (net)
-€20,655
Financing
-€2.9m
Debts after one year
-€55,000
Short-term financial debts
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€780,530
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,105,100 | €11,279,509 | -€1.8m | -13.9% |
| Fixed assets | 21/28 | €9,115,620 | €8,136,791 | -€978,828 | -10.7% |
| Tangible fixed assets | 22/27 | €6,931,062 | €5,944,864 | -€986,198 | -14.2% |
| Land and buildings | 22 | €6,838,475 | €5,881,633 | -€956,842 | -14.0% |
| Plant, machinery and equipment | 23 | €3,837 | €6,310 | +€2,474 | +64.5% |
| Furniture and vehicles | 24 | €88,751 | €56,921 | -€31,830 | -35.9% |
| Financial fixed assets | 28 | €2,184,557 | €2,191,927 | +€7,370 | +0.3% |
| Current assets | 29/58 | €3,989,481 | €3,142,717 | -€846,763 | -21.2% |
| 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% |
| Amounts receivable within one year | 40/41 | €2,143,225 | €623,665 | -€1.5m | -70.9% |
| Trade receivables | 40 | €1,875,602 | €319,101 | -€1.6m | -83.0% |
| Other amounts receivable | 41 | €267,623 | €304,564 | +€36,941 | +13.8% |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,145 | €780,530 | +€773,385 | +10,824% |
| Deferred charges and accrued income | 490/1 | €56,808 | €16,220 | -€40,588 | -71.4% |
| Total equity and liabilities | 10/49 | €13,105,100 | €11,279,509 | -€1.8m | -13.9% |
| Equity | 10/15 | €6,886,599 | €6,934,819 | +€48,220 | +0.7% |
| Contributions | 10/11 | €567,901 | €567,901 | = | 0.0% |
| Capital | 10 | €567,901 | €567,901 | = | 0.0% |
| Issued capital | 100 | €697,599 | €697,599 | = | 0.0% |
| Uncalled capital | 101 | €129,698 | €129,698 | = | 0.0% |
| Reserves | 13 | €6,318,698 | €6,366,917 | +€48,220 | +0.8% |
| Non-distributable reserves | 130/1 | €69,760 | €69,760 | = | 0.0% |
| Legal reserve | 130 | €69,760 | €69,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €403,286 | €322,629 | -€80,657 | -20.0% |
| Distributable reserves | 133 | €5,845,651 | €5,974,528 | +€128,877 | +2.2% |
| Provisions and deferred taxes | 16 | €1,306,613 | €1,199,622 | -€106,992 | -8.2% |
| Provisions for liabilities and charges | 160/5 | €797,606 | €792,416 | -€5,190 | -0.7% |
| Major repairs and maintenance | 162 | €797,606 | €792,416 | -€5,190 | -0.7% |
| Deferred taxes | 168 | €509,007 | €407,205 | -€101,801 | -20.0% |
| Amounts payable | 17/49 | €4,911,888 | €3,145,068 | -€1.8m | -36.0% |
| Amounts payable after more than one year | 17 | €986,250 | €931,250 | -€55,000 | -5.6% |
| Financial debts | 170/4 | €986,250 | €931,250 | -€55,000 | -5.6% |
| Amounts payable within one year | 42/48 | €3,922,135 | €2,188,726 | -€1.7m | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €55,000 | €55,000 | = | 0.0% |
| Financial debts | 43 | €1,435,000 | - | -€1.4m | |
| Credit institutions | 430/8 | €1,435,000 | - | -€1.4m | |
| Trade debts | 44 | €216,619 | €35,106 | -€181,513 | -83.8% |
| Suppliers | 440/4 | €216,619 | €35,106 | -€181,513 | -83.8% |
| Taxes, remuneration and social security | 45 | €74,128 | €19,936 | -€54,192 | -73.1% |
| Taxes | 450/3 | €65,611 | €10,769 | -€54,842 | -83.6% |
| Remuneration and social security | 454/9 | €8,517 | €9,167 | +€650 | +7.6% |
| Other amounts payable | 47/48 | €2,141,388 | €2,078,684 | -€62,704 | -2.9% |
| Accrued charges and deferred income | 492/3 | €3,503 | €25,093 | +€21,590 | +616% |
| Remuneration, social security and pensions | 62 | €46,775 | €47,539 | +€764 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €999,606 | €999,483 | -€123 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,543 | -€5,190 | +€4,353 | +45.6% |
| Other operating charges | 640/8 | €12,546 | €43,205 | +€30,658 | +244% |
| Gross operating margin | 9900 | €2,367,915 | €2,331,600 | -€36,316 | -1.5% |
| Operating profit (loss) | 9901 | €1,318,531 | €1,246,563 | -€71,968 | -5.5% |
| Financial income | 75/76B | €313,163 | €190,342 | -€122,821 | -39.2% |
| Recurring financial income | 75 | €104,819 | €182,972 | +€78,153 | +74.6% |
| Non-recurring financial income | 76B | €208,344 | €7,370 | -€200,974 | -96.5% |
| Financial charges | 65/66B | €128,398 | €54,992 | -€73,406 | -57.2% |
| Recurring financial charges | 65 | €126,908 | €54,992 | -€71,916 | -56.7% |
| Non-recurring financial charges | 66B | €1,490 | - | -€1,490 | |
| Profit (loss) for the period before taxes | 9903 | €1,503,296 | €1,381,912 | -€121,383 | -8.1% |
| Transfer from deferred taxes | 780 | €101,801 | €101,801 | = | 0.0% |
| Income taxes | 67/77 | €49,520 | €50,494 | +€974 | +2.0% |
| Profit (loss) for the period | 9904 | €1,555,577 | €1,433,220 | -€122,357 | -7.9% |
| Transfer from tax-exempt reserves | 789 | €80,657 | €80,657 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,636,234 | €1,513,877 | -€122,357 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.