CONCRED: 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.
CONCRED
Largest movements
- Receivables within one year -€49,134
down €49,134 (-19.8%), from €248,446 to €199,312
of which Other amounts receivable: -€110,737
- Deferred charges and accrued income +€19,871
up €19,871 (+5299.0%), from €375 to €20,246
- Receivables after one year -€12,507
down €12,507 (-5.2%), from €240,039 to €227,533
- Other debts -€20,568
down €20,568 (-9.7%), from €212,697 to €192,129
- Reserves -€17,571
down €17,571 (-5.2%), from €335,348 to €317,777
of which Distributable reserves: -€17,571
- Tax, wage and social debts -€17,287
down €17,287 (-35.8%), from €48,243 to €30,956
of which Remuneration and social security: -€21,965
- Short-term financial debts +€9,492
new in 2025: €9,492
- Gross operating margin -€192,238
down €192,238 (-65.3%), from €294,433 to €102,195
- Staff costs -€86,834
down €86,834 (-89.1%), from €97,431 to €10,597
- Financial income -€65,893
down €65,893 (-99.0%), from €66,550 to €657
of which Non-recurring financial income: -€66,106
- Other operating charges +€22,962
up €22,962 (+1012.7%), from €2,267 to €25,230
- Taxes -€11,350
down €11,350 (-44.9%), from €25,266 to €13,916
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 | €889,130 | €846,460 | -€42,670 | -4.8% |
| Fixed assets | 21/28 | €397,682 | €399,350 | +€1,667 | +0.4% |
| Tangible fixed assets | 22/27 | €397,682 | €398,450 | +€767 | +0.2% |
| Land and buildings | 22 | €390,986 | €394,640 | +€3,654 | +0.9% |
| Plant, machinery and equipment | 23 | €3,246 | €2,184 | -€1,062 | -32.7% |
| Furniture and vehicles | 24 | €3,450 | €1,626 | -€1,825 | -52.9% |
| Financial fixed assets | 28 | €0 | €900 | +€900 | |
| Current assets | 29/58 | €491,448 | €447,111 | -€44,337 | -9.0% |
| Amounts receivable after more than one year | 29 | €240,039 | €227,533 | -€12,507 | -5.2% |
| Other amounts receivable | 291 | €240,039 | €227,533 | -€12,507 | -5.2% |
| Amounts receivable within one year | 40/41 | €248,446 | €199,312 | -€49,134 | -19.8% |
| Trade receivables | 40 | €117,708 | €179,312 | +€61,604 | +52.3% |
| Other amounts receivable | 41 | €130,737 | €20,000 | -€110,737 | -84.7% |
| Cash at bank and in hand | 54/58 | €2,588 | €20 | -€2,568 | -99.2% |
| Deferred charges and accrued income | 490/1 | €375 | €20,246 | +€19,871 | +5299.0% |
| Total equity and liabilities | 10/49 | €889,130 | €846,460 | -€42,670 | -4.8% |
| Equity | 10/15 | €341,798 | €324,227 | -€17,571 | -5.1% |
| Contributions | 10/11 | €6,450 | €6,450 | = | 0.0% |
| Reserves | 13 | €335,348 | €317,777 | -€17,571 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,388 | €4,388 | = | 0.0% |
| Distributable reserves | 133 | €329,099 | €311,528 | -€17,571 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €547,333 | €522,234 | -€25,099 | -4.6% |
| Amounts payable after more than one year | 17 | €239,426 | €231,425 | -€8,001 | -3.3% |
| Financial debts | 170/4 | €239,426 | €231,425 | -€8,001 | -3.3% |
| Amounts payable within one year | 42/48 | €307,906 | €289,572 | -€18,334 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €13,219 | €22,000 | +€8,780 | +66.4% |
| Financial debts | 43 | - | €9,492 | +€9,492 | |
| Credit institutions | 430/8 | - | €9,492 | +€9,492 | |
| Trade debts | 44 | €33,748 | €34,995 | +€1,247 | +3.7% |
| Suppliers | 440/4 | €33,748 | €34,995 | +€1,247 | +3.7% |
| Taxes, remuneration and social security | 45 | €48,243 | €30,956 | -€17,287 | -35.8% |
| Taxes | 450/3 | €23,950 | €28,629 | +€4,678 | +19.5% |
| Remuneration and social security | 454/9 | €24,292 | €2,328 | -€21,965 | -90.4% |
| Other amounts payable | 47/48 | €212,697 | €192,129 | -€20,568 | -9.7% |
| Accrued charges and deferred income | 492/3 | - | €1,236 | +€1,236 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €97,431 | €10,597 | -€86,834 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,648 | €16,681 | +€1,033 | +6.6% |
| Other operating charges | 640/8 | €2,267 | €25,230 | +€22,962 | +1012.7% |
| Non-recurring operating charges | 66A | €143,615 | €0 | -€143,615 | -100.0% |
| Gross operating margin | 9900 | €294,433 | €102,195 | -€192,238 | -65.3% |
| Operating profit (loss) | 9901 | €35,472 | €49,688 | +€14,216 | +40.1% |
| Financial income | 75/76B | €66,550 | €657 | -€65,893 | -99.0% |
| Recurring financial income | 75 | €444 | €657 | +€213 | +48.1% |
| Non-recurring financial income | 76B | €66,106 | €0 | -€66,106 | -100.0% |
| Financial charges | 65/66B | €16,491 | €24,000 | +€7,510 | +45.5% |
| Recurring financial charges | 65 | €16,491 | €24,000 | +€7,510 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €85,531 | €26,345 | -€59,187 | -69.2% |
| Income taxes | 67/77 | €25,266 | €13,916 | -€11,350 | -44.9% |
| Profit (loss) for the period | 9904 | €60,265 | €12,429 | -€47,836 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,265 | €12,429 | -€47,836 | -79.4% |
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 7 October 2026 via checked.be.