CONCORDIMMO: 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.
CONCORDIMMO
Largest movements
- Financial fixed assets +€750,000
new in 2023: €750,000
- Tangible fixed assets +€346,660
up €346,660 (+72.0%), from €481,445 to €828,105
- Receivables within one year +€225,015
up €225,015 (+1838.5%), from €12,239 to €237,254
of which Other amounts receivable: +€224,155
- Deferred charges and accrued income +€84,083
up €84,083 (+29545.2%), from €285 to €84,367
- Debts after one year +€1.3m
up €1.3m (+359.2%), from €370,000 to €1.7m
- Reserves +€241,608
up €241,608 (+12995.3%), from €1,859 to €243,467
of which Tax-exempt reserves: +€241,608
- Profit (loss) carried forward -€167,925
down €167,925 (-218.2%), from -€76,968 to -€244,893
- Other debts -€85,297
down €85,297 (-57.9%), from €147,344 to €62,047
- Provisions +€80,536
new in 2023: €80,536
- Gross operating margin +€326,103
up €326,103, from -€53,889 to €272,213
- Financial charges +€66,290
up €66,290 (+1125.0%), from €5,893 to €72,183
- Depreciation +€15,520
up €15,520 (+109.8%), from €14,139 to €29,659
- Provisions +€3,428
no longer reported in 2023 (was -€3,428)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,544 | €1,899,756 | +€1.4m | +284.1% |
| Fixed assets | 21/28 | €481,445 | €1,578,105 | +€1.1m | +227.8% |
| Tangible fixed assets | 22/27 | €481,445 | €828,105 | +€346,660 | +72.0% |
| Land and buildings | 22 | €481,445 | €828,105 | +€346,660 | +72.0% |
| Financial fixed assets | 28 | - | €750,000 | +€750,000 | |
| Current assets | 29/58 | €13,099 | €321,651 | +€308,553 | +2355.6% |
| Amounts receivable within one year | 40/41 | €12,239 | €237,254 | +€225,015 | +1838.5% |
| Trade receivables | 40 | - | €861 | +€861 | |
| Other amounts receivable | 41 | €12,239 | €236,393 | +€224,155 | +1831.5% |
| Cash at bank and in hand | 54/58 | €575 | €30 | -€545 | -94.8% |
| Deferred charges and accrued income | 490/1 | €285 | €84,367 | +€84,083 | +29545.2% |
| Total equity and liabilities | 10/49 | €494,544 | €1,899,756 | +€1.4m | +284.1% |
| Equity | 10/15 | -€62,709 | €10,975 | +€73,684 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €243,467 | +€241,608 | +12995.3% |
| Tax-exempt reserves | 132 | - | €241,608 | +€241,608 | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,968 | -€244,893 | -€167,925 | -218.2% |
| Provisions and deferred taxes | 16 | - | €80,536 | +€80,536 | |
| Deferred taxes | 168 | - | €80,536 | +€80,536 | |
| Amounts payable | 17/49 | €557,253 | €1,808,246 | +€1.3m | +224.5% |
| Amounts payable after more than one year | 17 | €370,000 | €1,699,000 | +€1.3m | +359.2% |
| Financial debts | 170/4 | €370,000 | €1,699,000 | +€1.3m | +359.2% |
| Amounts payable within one year | 42/48 | €180,753 | €105,746 | -€75,007 | -41.5% |
| Financial debts | 43 | - | €9,904 | +€9,904 | |
| Credit institutions | 430/8 | - | €9,904 | +€9,904 | |
| Trade debts | 44 | €33,409 | €33,795 | +€386 | +1.2% |
| Suppliers | 440/4 | €33,409 | €33,795 | +€386 | +1.2% |
| Other amounts payable | 47/48 | €147,344 | €62,047 | -€85,297 | -57.9% |
| Accrued charges and deferred income | 492/3 | €6,500 | €3,500 | -€3,000 | -46.2% |
| Non-recurring operating income | 76A | - | €339,024 | +€339,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,139 | €29,659 | +€15,520 | +109.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,428 | - | +€3,428 | |
| Other operating charges | 640/8 | €15,705 | €16,151 | +€447 | +2.8% |
| Gross operating margin | 9900 | -€53,889 | €272,213 | +€326,103 | |
| Operating profit (loss) | 9901 | -€80,305 | €226,403 | +€306,708 | |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €5,893 | €72,183 | +€66,290 | +1125.0% |
| Recurring financial charges | 65 | €5,893 | €72,183 | +€66,290 | +1125.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,149 | €154,220 | +€240,369 | |
| Transfer to deferred taxes | 680 | - | €80,536 | +€80,536 | |
| Profit (loss) for the period | 9904 | -€86,149 | €73,684 | +€159,833 | |
| Transfer to tax-exempt reserves | 689 | - | €241,608 | +€241,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,149 | -€167,925 | -€81,775 | -94.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.