Confidentius: 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.
Confidentius
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Deferred charges and accrued income -€56,752
down €56,752 (-90.0%), from €63,085 to €6,333
- Cash +€53,148
up €53,148 (+974.7%), from €5,453 to €58,600
mainly Net result for the year (+€158,484) and Current investments (+€70,000)
- Receivables within one year +€21,145
up €21,145 (+62.8%), from €33,697 to €54,841
of which Trade receivables: +€12,931
- Tangible fixed assets +€11,911
up €11,911 (+2.0%), from €593,727 to €605,638
of which Land and buildings: +€10,575
- Other debts -€64,567
down €64,567 (-99.3%), from €65,000 to €433
- Short-term financial debts +€27,816
up €27,816 (+18.5%), from €150,134 to €177,950
- Debts after one year -€14,820
down €14,820 (-15.1%), from €98,386 to €83,566
- Reserves -€11,516
down €11,516 (-3.1%), from €376,989 to €365,474
of which Distributable reserves: -€11,516
- Accrued charges and deferred income +€10,629
up €10,629 (+71.2%), from €14,929 to €25,558
- Gross operating margin -€30,057
down €30,057 (-10.3%), from €292,527 to €262,470
- Depreciation -€10,771
down €10,771 (-24.2%), from €44,543 to €33,772
- Taxes -€6,950
down €6,950 (-12.6%), from €55,014 to €48,065
- Write-downs +€5,285
new in 2025: €5,285
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 | €766,211 | €725,662 | -€40,549 | -5.3% |
| Fixed assets | 21/28 | €593,977 | €605,888 | +€11,911 | +2.0% |
| Tangible fixed assets | 22/27 | €593,727 | €605,638 | +€11,911 | +2.0% |
| Land and buildings | 22 | €573,469 | €584,044 | +€10,575 | +1.8% |
| Plant, machinery and equipment | 23 | €13,521 | €14,202 | +€681 | +5.0% |
| Furniture and vehicles | 24 | €6,737 | €7,392 | +€655 | +9.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €172,235 | €119,775 | -€52,460 | -30.5% |
| Amounts receivable within one year | 40/41 | €33,697 | €54,841 | +€21,145 | +62.8% |
| Trade receivables | 40 | €31,969 | €44,900 | +€12,931 | +40.5% |
| Other amounts receivable | 41 | €1,728 | €9,942 | +€8,214 | +475.3% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €5,453 | €58,600 | +€53,148 | +974.7% |
| Deferred charges and accrued income | 490/1 | €63,085 | €6,333 | -€56,752 | -90.0% |
| Total equity and liabilities | 10/49 | €766,211 | €725,662 | -€40,549 | -5.3% |
| Equity | 10/15 | €396,989 | €385,474 | -€11,516 | -2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €376,989 | €365,474 | -€11,516 | -3.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €374,989 | €363,474 | -€11,516 | -3.1% |
| Amounts payable | 17/49 | €369,222 | €340,189 | -€29,033 | -7.9% |
| Amounts payable after more than one year | 17 | €98,386 | €83,566 | -€14,820 | -15.1% |
| Financial debts | 170/4 | €98,386 | €83,566 | -€14,820 | -15.1% |
| Amounts payable within one year | 42/48 | €255,907 | €231,065 | -€24,842 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €14,637 | €14,819 | +€183 | +1.2% |
| Financial debts | 43 | €150,134 | €177,950 | +€27,816 | +18.5% |
| Other loans | 439 | €150,134 | €177,950 | +€27,816 | +18.5% |
| Trade debts | 44 | €10,676 | €20,476 | +€9,800 | +91.8% |
| Suppliers | 440/4 | €10,676 | €20,476 | +€9,800 | +91.8% |
| Advances received on contracts in progress | 46 | €947 | €1,542 | +€595 | +62.9% |
| Taxes, remuneration and social security | 45 | €14,514 | €15,845 | +€1,331 | +9.2% |
| Taxes | 450/3 | €13,270 | €13,964 | +€694 | +5.2% |
| Remuneration and social security | 454/9 | €1,244 | €1,882 | +€638 | +51.3% |
| Other amounts payable | 47/48 | €65,000 | €433 | -€64,567 | -99.3% |
| Accrued charges and deferred income | 492/3 | €14,929 | €25,558 | +€10,629 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,543 | €33,772 | -€10,771 | -24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,285 | +€5,285 | |
| Other operating charges | 640/8 | €4,536 | €6,438 | +€1,902 | +41.9% |
| Gross operating margin | 9900 | €292,527 | €262,470 | -€30,057 | -10.3% |
| Operating profit (loss) | 9901 | €243,448 | €216,975 | -€26,473 | -10.9% |
| Financial income | 75/76B | €2,136 | €1,908 | -€228 | -10.7% |
| Recurring financial income | 75 | €2,136 | €1,908 | -€228 | -10.7% |
| Financial charges | 65/66B | €9,442 | €12,334 | +€2,892 | +30.6% |
| Recurring financial charges | 65 | €9,442 | €12,334 | +€2,892 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €236,141 | €206,549 | -€29,592 | -12.5% |
| Income taxes | 67/77 | €55,014 | €48,065 | -€6,950 | -12.6% |
| Profit (loss) for the period | 9904 | €181,127 | €158,484 | -€22,643 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €181,127 | €158,484 | -€22,643 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.