CONCORMED: 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.
CONCORMED
Largest movements
- Cash -€26,731
down €26,731 (-39.8%), from €67,174 to €40,444
mainly Contributions, distributions and other (-€144,000) and Investment in fixed assets (net) (-€18,127)
- Intangible fixed assets -€18,000
down €18,000 (-19.6%), from €91,820 to €73,820
- Tangible fixed assets +€13,304
up €13,304 (+208.5%), from €6,380 to €19,684
of which Land and buildings: +€9,028
- Receivables within one year -€2,656
down €2,656 (-25.7%), from €10,354 to €7,698
of which Trade receivables: -€1,342
- Profit (loss) carried forward -€93,367
down €93,367 (-99.4%), from €93,925 to €558
- Other debts +€65,684
up €65,684 (+123.9%), from €53,000 to €118,684
- Debts after one year -€7,493
down €7,493 (-38.8%), from €19,298 to €11,806
- Gross operating margin -€4,541
down €4,541 (-4.8%), from €93,697 to €89,156
- Taxes -€2,097
down €2,097 (-13.7%), from €15,278 to €13,181
- Financial charges +€1,198
up €1,198 (+130.6%), from €917 to €2,115
- Depreciation +€1,003
up €1,003 (+4.6%), from €21,820 to €22,823
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 | €177,267 | €142,377 | -€34,890 | -19.7% |
| Fixed assets | 21/28 | €98,200 | €93,504 | -€4,696 | -4.8% |
| Intangible fixed assets | 21 | €91,820 | €73,820 | -€18,000 | -19.6% |
| Tangible fixed assets | 22/27 | €6,380 | €19,684 | +€13,304 | +208.5% |
| Land and buildings | 22 | €3,891 | €12,919 | +€9,028 | +232.0% |
| Plant, machinery and equipment | 23 | €1,599 | €2,234 | +€635 | +39.7% |
| Furniture and vehicles | 24 | €890 | €4,532 | +€3,642 | +409.2% |
| Current assets | 29/58 | €79,067 | €48,873 | -€30,194 | -38.2% |
| Amounts receivable within one year | 40/41 | €10,354 | €7,698 | -€2,656 | -25.7% |
| Trade receivables | 40 | €2,094 | €752 | -€1,342 | -64.1% |
| Other amounts receivable | 41 | €8,260 | €6,946 | -€1,314 | -15.9% |
| Cash at bank and in hand | 54/58 | €67,174 | €40,444 | -€26,731 | -39.8% |
| Deferred charges and accrued income | 490/1 | €1,538 | €731 | -€807 | -52.5% |
| Total equity and liabilities | 10/49 | €177,267 | €142,377 | -€34,890 | -19.7% |
| Equity | 10/15 | €96,925 | €3,558 | -€93,367 | -96.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,925 | €558 | -€93,367 | -99.4% |
| Amounts payable | 17/49 | €80,342 | €138,819 | +€58,477 | +72.8% |
| Amounts payable after more than one year | 17 | €19,298 | €11,806 | -€7,493 | -38.8% |
| Financial debts | 170/4 | €19,298 | €11,806 | -€7,493 | -38.8% |
| Amounts payable within one year | 42/48 | €61,044 | €127,013 | +€65,970 | +108.1% |
| Current portion of amounts payable after more than one year | 42 | €7,204 | €7,493 | +€289 | +4.0% |
| Trade debts | 44 | €839 | €837 | -€3 | -0.3% |
| Suppliers | 440/4 | €839 | €837 | -€3 | -0.3% |
| Other amounts payable | 47/48 | €53,000 | €118,684 | +€65,684 | +123.9% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,820 | €22,823 | +€1,003 | +4.6% |
| Other operating charges | 640/8 | €1,498 | €827 | -€670 | -44.8% |
| Gross operating margin | 9900 | €93,697 | €89,156 | -€4,541 | -4.8% |
| Operating profit (loss) | 9901 | €70,380 | €65,506 | -€4,874 | -6.9% |
| Financial income | 75/76B | €0 | €424 | +€423 | +211685.0% |
| Recurring financial income | 75 | €0 | €424 | +€423 | +211685.0% |
| Financial charges | 65/66B | €917 | €2,115 | +€1,198 | +130.6% |
| Recurring financial charges | 65 | €917 | €2,115 | +€1,198 | +130.6% |
| Profit (loss) for the period before taxes | 9903 | €69,463 | €63,815 | -€5,648 | -8.1% |
| Income taxes | 67/77 | €15,278 | €13,181 | -€2,097 | -13.7% |
| Profit (loss) for the period | 9904 | €54,185 | €50,633 | -€3,551 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,185 | €50,633 | -€3,551 | -6.6% |
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 28 September 2026 via checked.be.