Concrete Records: 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.
Concrete Records
Largest movements
- Tangible fixed assets +€648,155
up €648,155 (+158%), from €410,698 to €1.1m
of which Assets under construction and advance payments: +€455,626
- Receivables within one year -€41,501
down €41,501 (-88.5%), from €46,914 to €5,413
of which Trade receivables: -€42,957
- Cash -€35,503
down €35,503 (-50.5%), from €70,316 to €34,813
mainly Investment in fixed assets (net) (-€695,967) and Tax, wage and social debts (-€4,495)
- Debts after one year +€490,073
up €490,073 (+123%), from €397,700 to €887,773
- Reserves +€65,070
up €65,070 (+148%), from €43,906 to €108,976
- Current portion of long-term debt +€24,533
up €24,533 (+117%), from €21,002 to €45,535
- Gross operating margin +€93,529
up €93,529 (+141%), from €66,106 to €159,635
- Depreciation +€34,587
up €34,587 (+262%), from €13,225 to €47,811
- Financial charges +€16,892
up €16,892 (+275%), from €6,148 to €23,040
- Taxes +€10,584
up €10,584 (+126%), from €8,377 to €18,961
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 | €529,690 | €1,103,406 | +€573,717 | +108% |
| Fixed assets | 21/28 | €410,698 | €1,058,853 | +€648,155 | +158% |
| Tangible fixed assets | 22/27 | €410,698 | €1,058,853 | +€648,155 | +158% |
| Land and buildings | 22 | €367,079 | €566,213 | +€199,135 | +54.2% |
| Furniture and vehicles | 24 | €19,892 | €15,588 | -€4,304 | -21.6% |
| Other tangible fixed assets | 26 | €23,727 | €21,425 | -€2,303 | -9.7% |
| Assets under construction and advance payments | 27 | - | €455,626 | +€455,626 | |
| Current assets | 29/58 | €118,992 | €44,553 | -€74,439 | -62.6% |
| Amounts receivable within one year | 40/41 | €46,914 | €5,413 | -€41,501 | -88.5% |
| Trade receivables | 40 | €44,121 | €1,164 | -€42,957 | -97.4% |
| Other amounts receivable | 41 | €2,794 | €4,249 | +€1,456 | +52.1% |
| Cash at bank and in hand | 54/58 | €70,316 | €34,813 | -€35,503 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,761 | €4,327 | +€2,566 | +146% |
| Total equity and liabilities | 10/49 | €529,690 | €1,103,406 | +€573,717 | +108% |
| Equity | 10/15 | €48,906 | €113,976 | +€65,070 | +133% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,906 | €108,976 | +€65,070 | +148% |
| Distributable reserves | 133 | €43,906 | €108,976 | +€65,070 | +148% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €480,783 | €989,430 | +€508,647 | +106% |
| Amounts payable after more than one year | 17 | €397,700 | €887,773 | +€490,073 | +123% |
| Financial debts | 170/4 | €397,700 | €887,773 | +€490,073 | +123% |
| Amounts payable within one year | 42/48 | €78,545 | €98,594 | +€20,050 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €21,002 | €45,535 | +€24,533 | +117% |
| Trade debts | 44 | €12,211 | €14,774 | +€2,563 | +21.0% |
| Suppliers | 440/4 | €12,211 | €14,774 | +€2,563 | +21.0% |
| Taxes, remuneration and social security | 45 | €41,114 | €36,620 | -€4,495 | -10.9% |
| Taxes | 450/3 | €36,614 | €36,620 | +€5 | 0.0% |
| Remuneration and social security | 454/9 | €4,500 | €0 | -€4,500 | -100% |
| Other amounts payable | 47/48 | €4,218 | €1,666 | -€2,552 | -60.5% |
| Accrued charges and deferred income | 492/3 | €4,539 | €3,063 | -€1,476 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,225 | €47,811 | +€34,587 | +262% |
| Other operating charges | 640/8 | €2,436 | €3,281 | +€845 | +34.7% |
| Gross operating margin | 9900 | €66,106 | €159,635 | +€93,529 | +141% |
| Operating profit (loss) | 9901 | €50,446 | €108,543 | +€58,098 | +115% |
| Financial income | 75/76B | €141 | €194 | +€52 | +36.8% |
| Recurring financial income | 75 | €141 | €194 | +€52 | +36.8% |
| Financial charges | 65/66B | €6,148 | €23,040 | +€16,892 | +275% |
| Recurring financial charges | 65 | €6,148 | €23,040 | +€16,892 | +275% |
| Profit (loss) for the period before taxes | 9903 | €44,439 | €85,697 | +€41,258 | +92.8% |
| Income taxes | 67/77 | €8,377 | €18,961 | +€10,584 | +126% |
| Profit (loss) for the period | 9904 | €36,062 | €66,736 | +€30,674 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,062 | €66,736 | +€30,674 | +85.1% |
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 25 October 2026 via checked.be.