Concrete Wolf: 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.
Concrete Wolf
Largest movements
- Tangible fixed assets +€12,781
up €12,781 (+34.4%), from €37,131 to €49,912
of which Furniture and vehicles: +€29,736
- Deferred charges and accrued income -€10,352
no longer reported in 2025 (was €10,352)
- Receivables within one year -€5,271
down €5,271 (-20.6%), from €25,536 to €20,265
of which Other amounts receivable: -€9,565
- Cash +€1,433
up €1,433 (+24.9%), from €5,761 to €7,194
mainly Debts after one year (+€14,463) and Depreciation (+€10,680)
- Trade debts -€19,817
down €19,817 (-56.2%), from €35,250 to €15,432
- Debts after one year +€14,463
up €14,463 (+143.1%), from €10,109 to €24,572
- Profit (loss) carried forward +€9,604
new in 2025: €9,604
- Other debts -€4,827
down €4,827 (-97.3%), from €4,961 to €134
- Current portion of long-term debt -€1,520
down €1,520 (-11.4%), from €13,346 to €11,826
- Gross operating margin +€4,593
up €4,593 (+17.1%), from €26,796 to €31,390
- Other operating charges +€3,285
up €3,285 (+199.1%), from €1,649 to €4,934
- Financial charges +€1,503
up €1,503 (+108.1%), from €1,390 to €2,893
- Depreciation -€523
down €523 (-4.7%), from €11,203 to €10,680
- Staff costs +€407
new in 2025: €407
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 | €83,318 | €81,908 | -€1,409 | -1.7% |
| Fixed assets | 21/28 | €41,668 | €54,449 | +€12,781 | +30.7% |
| Tangible fixed assets | 22/27 | €37,131 | €49,912 | +€12,781 | +34.4% |
| Plant, machinery and equipment | 23 | €2,639 | €1,429 | -€1,210 | -45.9% |
| Furniture and vehicles | 24 | €18,747 | €48,483 | +€29,736 | +158.6% |
| Leasing and similar rights | 25 | €15,745 | - | -€15,745 | |
| Financial fixed assets | 28 | €4,538 | €4,538 | = | 0.0% |
| Current assets | 29/58 | €41,649 | €27,459 | -€14,190 | -34.1% |
| Amounts receivable within one year | 40/41 | €25,536 | €20,265 | -€5,271 | -20.6% |
| Trade receivables | 40 | €12,216 | €16,510 | +€4,294 | +35.2% |
| Other amounts receivable | 41 | €13,320 | €3,755 | -€9,565 | -71.8% |
| Cash at bank and in hand | 54/58 | €5,761 | €7,194 | +€1,433 | +24.9% |
| Deferred charges and accrued income | 490/1 | €10,352 | - | -€10,352 | |
| Total equity and liabilities | 10/49 | €83,318 | €81,908 | -€1,409 | -1.7% |
| Equity | 10/15 | €14,750 | €24,354 | +€9,604 | +65.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,750 | €10,750 | = | 0.0% |
| Distributable reserves | 133 | €10,750 | €10,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,604 | +€9,604 | |
| Amounts payable | 17/49 | €68,568 | €57,554 | -€11,014 | -16.1% |
| Amounts payable after more than one year | 17 | €10,109 | €24,572 | +€14,463 | +143.1% |
| Financial debts | 170/4 | €10,109 | €24,572 | +€14,463 | +143.1% |
| Amounts payable within one year | 42/48 | €58,459 | €32,982 | -€25,477 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €13,346 | €11,826 | -€1,520 | -11.4% |
| Trade debts | 44 | €35,250 | €15,432 | -€19,817 | -56.2% |
| Suppliers | 440/4 | €35,250 | €15,432 | -€19,817 | -56.2% |
| Taxes, remuneration and social security | 45 | €4,903 | €5,590 | +€687 | +14.0% |
| Taxes | 450/3 | €4,903 | €3,090 | -€1,813 | -37.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €4,961 | €134 | -€4,827 | -97.3% |
| Remuneration, social security and pensions | 62 | - | €407 | +€407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,203 | €10,680 | -€523 | -4.7% |
| Other operating charges | 640/8 | €1,649 | €4,934 | +€3,285 | +199.1% |
| Gross operating margin | 9900 | €26,796 | €31,390 | +€4,593 | +17.1% |
| Operating profit (loss) | 9901 | €13,944 | €15,368 | +€1,424 | +10.2% |
| Financial income | 75/76B | €61 | €219 | +€157 | +256.3% |
| Recurring financial income | 75 | €61 | €219 | +€157 | +256.3% |
| Financial charges | 65/66B | €1,390 | €2,893 | +€1,503 | +108.1% |
| Recurring financial charges | 65 | €1,390 | €2,893 | +€1,503 | +108.1% |
| Profit (loss) for the period before taxes | 9903 | €12,616 | €12,694 | +€78 | +0.6% |
| Income taxes | 67/77 | €3,298 | €3,090 | -€208 | -6.3% |
| Profit (loss) for the period | 9904 | €9,318 | €9,604 | +€287 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,318 | €9,604 | +€287 | +3.1% |
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.