CONCORDIM: 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.
CONCORDIM
Largest movements
- Receivables within one year -€64,571
down €64,571 (-16.3%), from €395,905 to €331,335
- Tangible fixed assets +€33,739
up €33,739 (+1.6%), from €2.1m to €2.1m
of which Furniture and vehicles: +€20,312
- Debts after one year -€104,052
down €104,052 (-30.9%), from €336,528 to €232,475
- Profit (loss) carried forward +€73,373
up €73,373 (+13.8%), from €531,666 to €605,039
- Trade debts -€26,722
down €26,722 (-70.0%), from €38,163 to €11,441
- Gross operating margin -€94,333
down €94,333 (-21.6%), from €435,791 to €341,458
- Taxes -€27,276
down €27,276 (-50.3%), from €54,221 to €26,944
- Staff costs +€21,633
up €21,633 (+66.3%), from €32,607 to €54,240
- Depreciation +€10,120
up €10,120 (+8.0%), from €127,254 to €137,374
- Financial charges -€7,902
down €7,902 (-46.2%), from €17,112 to €9,209
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 | €2,572,857 | €2,523,437 | -€49,420 | -1.9% |
| Fixed assets | 21/28 | €2,112,766 | €2,146,505 | +€33,739 | +1.6% |
| Tangible fixed assets | 22/27 | €2,112,411 | €2,146,150 | +€33,739 | +1.6% |
| Land and buildings | 22 | €2,111,927 | €2,123,508 | +€11,581 | +0.5% |
| Plant, machinery and equipment | 23 | - | €1,846 | +€1,846 | |
| Furniture and vehicles | 24 | €484 | €20,796 | +€20,312 | +4195.7% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €460,091 | €376,932 | -€83,158 | -18.1% |
| Amounts receivable within one year | 40/41 | €395,905 | €331,335 | -€64,571 | -16.3% |
| Other amounts receivable | 41 | €395,905 | €331,335 | -€64,571 | -16.3% |
| Cash at bank and in hand | 54/58 | €21,117 | €11,130 | -€9,986 | -47.3% |
| Deferred charges and accrued income | 490/1 | €43,069 | €34,467 | -€8,602 | -20.0% |
| Total equity and liabilities | 10/49 | €2,572,857 | €2,523,437 | -€49,420 | -1.9% |
| Equity | 10/15 | €599,866 | €673,239 | +€73,373 | +12.2% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Outside capital | 11 | €68,200 | €68,200 | = | 0.0% |
| Other | 1109/19 | €68,200 | €68,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €531,666 | €605,039 | +€73,373 | +13.8% |
| Amounts payable | 17/49 | €1,972,990 | €1,850,198 | -€122,792 | -6.2% |
| Amounts payable after more than one year | 17 | €336,528 | €232,475 | -€104,052 | -30.9% |
| Financial debts | 170/4 | €336,528 | €232,475 | -€104,052 | -30.9% |
| Amounts payable within one year | 42/48 | €1,636,463 | €1,617,723 | -€18,740 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €124,889 | €104,052 | -€20,837 | -16.7% |
| Trade debts | 44 | €38,163 | €11,441 | -€26,722 | -70.0% |
| Suppliers | 440/4 | €38,163 | €11,441 | -€26,722 | -70.0% |
| Taxes, remuneration and social security | 45 | €4,133 | €11,709 | +€7,577 | +183.3% |
| Taxes | 450/3 | €1,095 | €825 | -€270 | -24.7% |
| Remuneration and social security | 454/9 | €3,038 | €10,885 | +€7,847 | +258.3% |
| Other amounts payable | 47/48 | €1,469,278 | €1,490,520 | +€21,242 | +1.4% |
| Non-recurring operating income | 76A | €31,255 | - | -€31,255 | |
| Remuneration, social security and pensions | 62 | €32,607 | €54,240 | +€21,633 | +66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,254 | €137,374 | +€10,120 | +8.0% |
| Other operating charges | 640/8 | €46,509 | €40,709 | -€5,801 | -12.5% |
| Gross operating margin | 9900 | €435,791 | €341,458 | -€94,333 | -21.6% |
| Operating profit (loss) | 9901 | €229,420 | €109,135 | -€120,285 | -52.4% |
| Financial income | 75/76B | €0 | €391 | +€391 | +93009.5% |
| Recurring financial income | 75 | €0 | €391 | +€391 | +93009.5% |
| Financial charges | 65/66B | €17,112 | €9,209 | -€7,902 | -46.2% |
| Recurring financial charges | 65 | €17,112 | €9,209 | -€7,902 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €212,309 | €100,317 | -€111,992 | -52.7% |
| Income taxes | 67/77 | €54,221 | €26,944 | -€27,276 | -50.3% |
| Profit (loss) for the period | 9904 | €158,088 | €73,373 | -€84,716 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,088 | €73,373 | -€84,716 | -53.6% |
Source: filed annual accounts (NBB), fiscal 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.