CONCREBO: 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.
CONCREBO
Largest movements
- Stocks and contracts +€178,617
new in 2025: €178,617
- Cash -€47,579
down €47,579 (-63.6%), from €74,835 to €27,256
mainly Stocks and contracts (-€178,617) and Current investments (-€23,704)
- Current investments +€23,704
up €23,704 (+92.3%), from €25,679 to €49,383
- Receivables within one year +€12,271
up €12,271 (+419%), from €2,927 to €15,198
of which Trade receivables: +€12,271
- Other debts +€71,370
up €71,370 (+528%), from €13,506 to €84,876
- Reserves +€46,871
up €46,871 (+66.0%), from €70,987 to €117,857
- Trade debts +€21,442
up €21,442 (+457%), from €4,693 to €26,134
- Advances received +€12,906
new in 2025: €12,906
- Tax, wage and social debts +€12,667
up €12,667 (+62.0%), from €20,438 to €33,105
- Financial charges +€2,141
up €2,141 (+65.3%), from €3,279 to €5,419
- Gross operating margin +€1,546
up €1,546 (+2.3%), from €65,906 to €67,452
- Depreciation +€1,193
up €1,193 (+66.2%), from €1,801 to €2,994
- Financial income +€965
up €965 (+355%), from €272 to €1,237
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 | €114,623 | €283,011 | +€168,388 | +147% |
| Fixed assets | 21/28 | €6,353 | €5,541 | -€812 | -12.8% |
| Tangible fixed assets | 22/27 | €6,353 | €5,541 | -€812 | -12.8% |
| Plant, machinery and equipment | 23 | €1,215 | €3,127 | +€1,912 | +157% |
| Furniture and vehicles | 24 | €5,138 | €2,414 | -€2,724 | -53.0% |
| Current assets | 29/58 | €108,271 | €277,470 | +€169,200 | +156% |
| Stocks and contracts in progress | 3 | - | €178,617 | +€178,617 | |
| Stocks | 30/36 | - | €178,617 | +€178,617 | |
| Amounts receivable within one year | 40/41 | €2,927 | €15,198 | +€12,271 | +419% |
| Trade receivables | 40 | €2,879 | €15,150 | +€12,271 | +426% |
| Other amounts receivable | 41 | €48 | €48 | = | 0.0% |
| Current investments | 50/53 | €25,679 | €49,383 | +€23,704 | +92.3% |
| Cash at bank and in hand | 54/58 | €74,835 | €27,256 | -€47,579 | -63.6% |
| Deferred charges and accrued income | 490/1 | €4,829 | €7,016 | +€2,187 | +45.3% |
| Total equity and liabilities | 10/49 | €114,623 | €283,011 | +€168,388 | +147% |
| Equity | 10/15 | €75,987 | €122,857 | +€46,871 | +61.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,987 | €117,857 | +€46,871 | +66.0% |
| Distributable reserves | 133 | €70,987 | €117,857 | +€46,871 | +66.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €38,637 | €160,154 | +€121,518 | +315% |
| Amounts payable within one year | 42/48 | €38,637 | €157,021 | +€118,384 | +306% |
| Trade debts | 44 | €4,693 | €26,134 | +€21,442 | +457% |
| Suppliers | 440/4 | €4,693 | €26,134 | +€21,442 | +457% |
| Advances received on contracts in progress | 46 | - | €12,906 | +€12,906 | |
| Taxes, remuneration and social security | 45 | €20,438 | €33,105 | +€12,667 | +62.0% |
| Taxes | 450/3 | €20,438 | €33,105 | +€12,667 | +62.0% |
| Other amounts payable | 47/48 | €13,506 | €84,876 | +€71,370 | +528% |
| Accrued charges and deferred income | 492/3 | - | €3,133 | +€3,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,801 | €2,994 | +€1,193 | +66.2% |
| Other operating charges | 640/8 | €821 | €1,056 | +€236 | +28.7% |
| Gross operating margin | 9900 | €65,906 | €67,452 | +€1,546 | +2.3% |
| Operating profit (loss) | 9901 | €63,285 | €63,401 | +€117 | +0.2% |
| Financial income | 75/76B | €272 | €1,237 | +€965 | +355% |
| Recurring financial income | 75 | €272 | €1,237 | +€965 | +355% |
| Financial charges | 65/66B | €3,279 | €5,419 | +€2,141 | +65.3% |
| Recurring financial charges | 65 | €3,279 | €5,419 | +€2,141 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €60,278 | €59,219 | -€1,059 | -1.8% |
| Income taxes | 67/77 | €12,692 | €12,348 | -€343 | -2.7% |
| Profit (loss) for the period | 9904 | €47,586 | €46,871 | -€716 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,586 | €46,871 | -€716 | -1.5% |
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 23 October 2026 via checked.be.