Concordia: 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.
Concordia
Largest movements
- Tangible fixed assets -€264,108
down €264,108 (-9.2%), from €2.9m to €2.6m
- Cash +€58,524
up €58,524 (+1028.5%), from €5,691 to €64,215
mainly Depreciation (+€276,626) and Accrued charges and deferred income (+€5,809)
- Revaluation surpluses -€160,620
down €160,620 (-33.3%), from €481,861 to €321,241
- Debts after one year -€155,487
down €155,487 (-10.2%), from €1.5m to €1.4m
- Reserves +€146,725
up €146,725 (+24.9%), from €589,894 to €736,619
of which Distributable reserves: +€146,725
- Other debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Gross operating margin +€41,686
up €41,686 (+12.6%), from €330,225 to €371,911
- Taxes +€11,106
up €11,106 (+29.0%), from €38,307 to €49,413
- Financial charges -€4,421
down €4,421 (-12.1%), from €36,504 to €32,083
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 | €2,877,548 | €2,678,582 | -€198,967 | -6.9% |
| Fixed assets | 21/28 | €2,869,467 | €2,605,359 | -€264,108 | -9.2% |
| Tangible fixed assets | 22/27 | €2,869,467 | €2,605,359 | -€264,108 | -9.2% |
| Land and buildings | 22 | €2,869,467 | €2,605,359 | -€264,108 | -9.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,082 | €73,223 | +€65,141 | +806.1% |
| Amounts receivable within one year | 40/41 | €2,050 | €2,372 | +€322 | +15.7% |
| Trade receivables | 40 | €2,050 | €2,372 | +€322 | +15.7% |
| Cash at bank and in hand | 54/58 | €5,691 | €64,215 | +€58,524 | +1028.5% |
| Deferred charges and accrued income | 490/1 | €341 | €6,636 | +€6,295 | +1847.6% |
| Total equity and liabilities | 10/49 | €2,877,548 | €2,678,582 | -€198,967 | -6.9% |
| Equity | 10/15 | €1,133,755 | €1,119,859 | -€13,896 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €481,861 | €321,241 | -€160,620 | -33.3% |
| Reserves | 13 | €589,894 | €736,619 | +€146,725 | +24.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €583,694 | €730,419 | +€146,725 | +25.1% |
| Amounts payable | 17/49 | €1,743,793 | €1,558,722 | -€185,071 | -10.6% |
| Amounts payable after more than one year | 17 | €1,521,573 | €1,366,086 | -€155,487 | -10.2% |
| Financial debts | 170/4 | €1,521,573 | €1,366,086 | -€155,487 | -10.2% |
| Amounts payable within one year | 42/48 | €206,113 | €170,720 | -€35,394 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €151,987 | €155,487 | +€3,500 | +2.3% |
| Trade debts | 44 | €819 | €819 | = | 0.0% |
| Suppliers | 440/4 | €819 | €819 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,307 | €14,413 | +€1,106 | +8.3% |
| Taxes | 450/3 | €13,307 | €14,413 | +€1,106 | +8.3% |
| Other amounts payable | 47/48 | €40,000 | €0 | -€40,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,107 | €21,916 | +€5,809 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,875 | €276,626 | +€2,750 | +1.0% |
| Other operating charges | 640/8 | €29,901 | €27,685 | -€2,216 | -7.4% |
| Gross operating margin | 9900 | €330,225 | €371,911 | +€41,686 | +12.6% |
| Operating profit (loss) | 9901 | €26,449 | €67,601 | +€41,152 | +155.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €36,504 | €32,083 | -€4,421 | -12.1% |
| Recurring financial charges | 65 | €36,504 | €32,083 | -€4,421 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,055 | €35,518 | +€45,573 | |
| Income taxes | 67/77 | €38,307 | €49,413 | +€11,106 | +29.0% |
| Profit (loss) for the period | 9904 | -€48,362 | -€13,896 | +€34,467 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,362 | -€13,896 | +€34,467 | +71.3% |
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 7 October 2026 via checked.be.