CONCORDYA: 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.
CONCORDYA
Largest movements
- Financial fixed assets +€152,213
new in 2025: €152,213
- Cash +€10,672
up €10,672 (+1321.8%), from €807 to €11,480
mainly Debts after one year (+€113,485) and Net result for the year (+€21,387)
- Receivables within one year +€5,923
up €5,923 (+17.3%), from €34,247 to €40,170
of which Trade receivables: +€6,123
- Deferred charges and accrued income +€5,171
up €5,171 (+7133.9%), from €72 to €5,243
- Debts after one year +€113,485
new in 2025: €113,485
- Reserves +€21,535
up €21,535 (+114.8%), from €18,759 to €40,294
- Current portion of long-term debt +€19,602
new in 2025: €19,602
- Tax, wage and social debts +€12,379
up €12,379 (+128.8%), from €9,612 to €21,991
of which Taxes: +€11,379
- Trade debts +€5,227
up €5,227 (+130.8%), from €3,997 to €9,223
- Gross operating margin +€28,596
up €28,596 (+744.1%), from €3,843 to €32,439
- Taxes +€5,622
up €5,622 (+535.9%), from €1,049 to €6,671
- Financial charges +€1,787
up €1,787 (+723.0%), from €247 to €2,035
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 | €37,516 | €209,595 | +€172,079 | +458.7% |
| Fixed assets | 21/28 | €2,390 | €152,702 | +€150,313 | +6290.1% |
| Tangible fixed assets | 22/27 | €2,390 | €490 | -€1,900 | -79.5% |
| Furniture and vehicles | 24 | €2,390 | €490 | -€1,900 | -79.5% |
| Financial fixed assets | 28 | - | €152,213 | +€152,213 | |
| Current assets | 29/58 | €35,126 | €56,893 | +€21,766 | +62.0% |
| Amounts receivable within one year | 40/41 | €34,247 | €40,170 | +€5,923 | +17.3% |
| Trade receivables | 40 | €33,807 | €39,930 | +€6,123 | +18.1% |
| Other amounts receivable | 41 | €440 | €240 | -€200 | -45.5% |
| Cash at bank and in hand | 54/58 | €807 | €11,480 | +€10,672 | +1321.8% |
| Deferred charges and accrued income | 490/1 | €72 | €5,243 | +€5,171 | +7133.9% |
| Total equity and liabilities | 10/49 | €37,516 | €209,595 | +€172,079 | +458.7% |
| Equity | 10/15 | €23,907 | €45,294 | +€21,387 | +89.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,759 | €40,294 | +€21,535 | +114.8% |
| Distributable reserves | 133 | €18,759 | €40,294 | +€21,535 | +114.8% |
| Profit (loss) carried forward | 14 | €148 | - | -€148 | |
| Amounts payable | 17/49 | €13,609 | €164,301 | +€150,692 | +1107.3% |
| Amounts payable after more than one year | 17 | - | €113,485 | +€113,485 | |
| Financial debts | 170/4 | - | €113,485 | +€113,485 | |
| Amounts payable within one year | 42/48 | €13,609 | €50,816 | +€37,208 | +273.4% |
| Current portion of amounts payable after more than one year | 42 | - | €19,602 | +€19,602 | |
| Trade debts | 44 | €3,997 | €9,223 | +€5,227 | +130.8% |
| Suppliers | 440/4 | €3,997 | €9,223 | +€5,227 | +130.8% |
| Taxes, remuneration and social security | 45 | €9,612 | €21,991 | +€12,379 | +128.8% |
| Taxes | 450/3 | €6,447 | €17,826 | +€11,379 | +176.5% |
| Remuneration and social security | 454/9 | €3,165 | €4,165 | +€1,000 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,900 | €1,900 | = | 0.0% |
| Other operating charges | 640/8 | €499 | €448 | -€51 | -10.3% |
| Gross operating margin | 9900 | €3,843 | €32,439 | +€28,596 | +744.1% |
| Operating profit (loss) | 9901 | €1,444 | €30,092 | +€28,647 | +1983.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €247 | €2,035 | +€1,787 | +723.0% |
| Recurring financial charges | 65 | €247 | €2,035 | +€1,787 | +723.0% |
| Profit (loss) for the period before taxes | 9903 | €1,197 | €28,057 | +€26,860 | +2244.2% |
| Income taxes | 67/77 | €1,049 | €6,671 | +€5,622 | +535.9% |
| Profit (loss) for the period | 9904 | €148 | €21,387 | +€21,239 | +14359.2% |
| Profit (loss) for the period to be appropriated | 9905 | €148 | €21,387 | +€21,239 | +14359.2% |
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 1 October 2026 via checked.be.