CONCREET: what changed
CONCREET
Largest movements
- Tangible fixed assets +€53,819
up €53,819 (+160%), from €33,599 to €87,418
of which Plant, machinery and equipment: +€57,624
- Cash +€10,105
up €10,105 (+11.5%), from €88,179 to €98,284
mainly Debts after one year (+€27,216) and Net result for the year (+€20,083)
- Receivables within one year -€2,823
down €2,823 (-45.3%), from €6,234 to €3,410
of which Trade receivables: -€5,298
- Debts after one year +€27,216
up €27,216 (+1,946%), from €1,398 to €28,615
- Reserves +€20,083
up €20,083 (+25.2%), from €79,800 to €99,884
- Trade debts +€9,571
up €9,571 (+122%), from €7,815 to €17,386
- Current portion of long-term debt +€4,043
up €4,043 (+73.3%), from €5,512 to €9,555
- Gross operating margin +€17,715
up €17,715 (+75.0%), from €23,617 to €41,332
- Depreciation +€4,500
up €4,500 (+63.2%), from €7,122 to €11,622
- Taxes +€2,452
up €2,452 (+59.3%), from €4,138 to €6,590
- Financial charges +€1,096
up €1,096 (+281%), from €390 to €1,486
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,759 | €190,775 | +€62,016 | +48.2% |
| Fixed assets | 21/28 | €33,599 | €87,418 | +€53,819 | +160% |
| Tangible fixed assets | 22/27 | €33,599 | €87,418 | +€53,819 | +160% |
| Land and buildings | 22 | €24,249 | €21,978 | -€2,271 | -9.4% |
| Plant, machinery and equipment | 23 | €6,130 | €63,754 | +€57,624 | +940% |
| Furniture and vehicles | 24 | €3,220 | €1,685 | -€1,534 | -47.7% |
| Current assets | 29/58 | €95,160 | €103,358 | +€8,198 | +8.6% |
| Amounts receivable within one year | 40/41 | €6,234 | €3,410 | -€2,823 | -45.3% |
| Trade receivables | 40 | €5,298 | - | -€5,298 | |
| Other amounts receivable | 41 | €936 | €3,410 | +€2,474 | +264% |
| Cash at bank and in hand | 54/58 | €88,179 | €98,284 | +€10,105 | +11.5% |
| Deferred charges and accrued income | 490/1 | €748 | €1,664 | +€916 | +123% |
| Total equity and liabilities | 10/49 | €128,759 | €190,775 | +€62,016 | +48.2% |
| Equity | 10/15 | €92,200 | €112,284 | +€20,083 | +21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,800 | €99,884 | +€20,083 | +25.2% |
| Distributable reserves | 133 | €79,800 | €99,884 | +€20,083 | +25.2% |
| Amounts payable | 17/49 | €36,559 | €78,492 | +€41,933 | +115% |
| Amounts payable after more than one year | 17 | €1,398 | €28,615 | +€27,216 | +1,946% |
| Financial debts | 170/4 | €1,398 | €28,615 | +€27,216 | +1,946% |
| Amounts payable within one year | 42/48 | €35,160 | €49,477 | +€14,317 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €5,512 | €9,555 | +€4,043 | +73.3% |
| Trade debts | 44 | €7,815 | €17,386 | +€9,571 | +122% |
| Suppliers | 440/4 | €7,815 | €17,386 | +€9,571 | +122% |
| Taxes, remuneration and social security | 45 | €3,230 | €3,308 | +€78 | +2.4% |
| Taxes | 450/3 | €1,638 | €1,702 | +€64 | +3.9% |
| Remuneration and social security | 454/9 | €1,592 | €1,606 | +€14 | +0.9% |
| Other amounts payable | 47/48 | €18,603 | €19,228 | +€625 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,122 | €11,622 | +€4,500 | +63.2% |
| Other operating charges | 640/8 | €1,849 | €1,551 | -€299 | -16.2% |
| Non-recurring operating charges | 66A | €23 | - | -€23 | |
| Gross operating margin | 9900 | €23,617 | €41,332 | +€17,715 | +75.0% |
| Operating profit (loss) | 9901 | €14,623 | €28,159 | +€13,537 | +92.6% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €390 | €1,486 | +€1,096 | +281% |
| Recurring financial charges | 65 | €390 | €1,486 | +€1,096 | +281% |
| Profit (loss) for the period before taxes | 9903 | €14,268 | €26,673 | +€12,404 | +86.9% |
| Income taxes | 67/77 | €4,138 | €6,590 | +€2,452 | +59.3% |
| Profit (loss) for the period | 9904 | €10,131 | €20,083 | +€9,953 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,131 | €20,083 | +€9,953 | +98.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.