CONCORDO: 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.
CONCORDO
Largest movements
- Cash -€62,528
down €62,528 (-43.6%), from €143,393 to €80,865
mainly Contributions, distributions and other (-€80,000) and Other debts (-€68,072)
- Other debts -€68,072
down €68,072 (-100%), from €68,072 to €0
- Reserves +€6,205
up €6,205 (+10.0%), from €61,759 to €67,964
- Tax, wage and social debts -€2,677
down €2,677 (-10.2%), from €26,326 to €23,650
of which Taxes: -€10,447
- Taxes +€4,254
up €4,254 (+16.5%), from €25,784 to €30,038
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,683 | €99,457 | -€63,226 | -38.9% |
| Fixed assets | 21/28 | €2,605 | €1,908 | -€698 | -26.8% |
| Tangible fixed assets | 22/27 | €2,605 | €1,908 | -€698 | -26.8% |
| Furniture and vehicles | 24 | €2,605 | €1,908 | -€698 | -26.8% |
| Current assets | 29/58 | €160,078 | €97,550 | -€62,528 | -39.1% |
| Amounts receivable within one year | 40/41 | €16,045 | €16,045 | = | 0.0% |
| Trade receivables | 40 | €15,828 | €15,828 | = | 0.0% |
| Other amounts receivable | 41 | €216 | €216 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €143,393 | €80,865 | -€62,528 | -43.6% |
| Deferred charges and accrued income | 490/1 | €640 | €640 | = | 0.0% |
| Total equity and liabilities | 10/49 | €162,683 | €99,457 | -€63,226 | -38.9% |
| Equity | 10/15 | €67,759 | €73,964 | +€6,205 | +9.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €61,759 | €67,964 | +€6,205 | +10.0% |
| Distributable reserves | 133 | €61,759 | €67,964 | +€6,205 | +10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,924 | €25,494 | -€69,430 | -73.1% |
| Amounts payable within one year | 42/48 | €94,724 | €24,894 | -€69,830 | -73.7% |
| Trade debts | 44 | €326 | €1,244 | +€918 | +282% |
| Suppliers | 440/4 | €326 | €1,244 | +€918 | +282% |
| Taxes, remuneration and social security | 45 | €26,326 | €23,650 | -€2,677 | -10.2% |
| Taxes | 450/3 | €26,326 | €15,879 | -€10,447 | -39.7% |
| Remuneration and social security | 454/9 | - | €7,771 | +€7,771 | |
| Other amounts payable | 47/48 | €68,072 | €0 | -€68,072 | -100% |
| Accrued charges and deferred income | 492/3 | €200 | €600 | +€400 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €698 | +€431 | +162% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €119,995 | €119,450 | -€545 | -0.5% |
| Operating profit (loss) | 9901 | €119,201 | €118,209 | -€992 | -0.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,965 | €1,966 | +€1 | +0.1% |
| Recurring financial charges | 65 | €1,965 | €1,966 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €117,236 | €116,242 | -€993 | -0.8% |
| Income taxes | 67/77 | €25,784 | €30,038 | +€4,254 | +16.5% |
| Profit (loss) for the period | 9904 | €91,452 | €86,205 | -€5,248 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,452 | €86,205 | -€5,248 | -5.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.