@concreto: 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.
@concreto
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€36,309
up €36,309 (+62.9%), from €57,768 to €94,077
- Debts after one year -€25,513
down €25,513 (-3.2%), from €802,961 to €777,448
- Financial charges -€9,279
down €9,279 (-17.8%), from €52,016 to €42,737
- Gross operating margin +€5,217
up €5,217 (+5.8%), from €89,988 to €95,205
- Taxes +€2,862
up €2,862 (+25.5%), from €11,225 to €14,087
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 | €903,259 | €909,269 | +€6,010 | +0.7% |
| Fixed assets | 21/28 | €877,138 | €879,641 | +€2,503 | +0.3% |
| Tangible fixed assets | 22/27 | €1,638 | €4,141 | +€2,503 | +153% |
| Furniture and vehicles | 24 | €1,638 | €4,141 | +€2,503 | +153% |
| Financial fixed assets | 28 | €875,500 | €875,500 | = | 0.0% |
| Current assets | 29/58 | €26,121 | €29,627 | +€3,506 | +13.4% |
| Amounts receivable within one year | 40/41 | €21,159 | €22,048 | +€889 | +4.2% |
| Trade receivables | 40 | €21,109 | €22,048 | +€939 | +4.4% |
| Other amounts receivable | 41 | €50 | - | -€50 | |
| Cash at bank and in hand | 54/58 | €4,114 | €6,957 | +€2,843 | +69.1% |
| Deferred charges and accrued income | 490/1 | €848 | €622 | -€226 | -26.6% |
| Total equity and liabilities | 10/49 | €903,259 | €909,269 | +€6,010 | +0.7% |
| Equity | 10/15 | €70,168 | €106,477 | +€36,309 | +51.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,768 | €94,077 | +€36,309 | +62.9% |
| Amounts payable | 17/49 | €833,091 | €802,792 | -€30,299 | -3.6% |
| Amounts payable after more than one year | 17 | €802,961 | €777,448 | -€25,513 | -3.2% |
| Financial debts | 170/4 | €802,961 | €777,448 | -€25,513 | -3.2% |
| Amounts payable within one year | 42/48 | €30,130 | €25,344 | -€4,786 | -15.9% |
| Trade debts | 44 | €7,301 | €204 | -€7,097 | -97.2% |
| Suppliers | 440/4 | €7,301 | €204 | -€7,097 | -97.2% |
| Taxes, remuneration and social security | 45 | €22,135 | €17,381 | -€4,754 | -21.5% |
| Taxes | 450/3 | €22,135 | €17,381 | -€4,754 | -21.5% |
| Other amounts payable | 47/48 | €694 | €7,759 | +€7,065 | +1,018% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €812 | -€40 | -4.7% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Non-recurring operating charges | 66A | €297 | €205 | -€92 | -31.1% |
| Gross operating margin | 9900 | €89,988 | €95,205 | +€5,217 | +5.8% |
| Operating profit (loss) | 9901 | €87,753 | €93,069 | +€5,317 | +6.1% |
| Financial income | 75/76B | €83 | €63 | -€20 | -24.2% |
| Recurring financial income | 75 | €83 | €63 | -€20 | -24.2% |
| Financial charges | 65/66B | €52,016 | €42,737 | -€9,279 | -17.8% |
| Recurring financial charges | 65 | €52,016 | €42,737 | -€9,279 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €35,820 | €50,396 | +€14,576 | +40.7% |
| Income taxes | 67/77 | €11,225 | €14,087 | +€2,862 | +25.5% |
| Profit (loss) for the period | 9904 | €24,595 | €36,309 | +€11,714 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,595 | €36,309 | +€11,714 | +47.6% |
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 19 October 2026 via checked.be.