Confides: 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.
Confides
Largest movements
- Cash +€90,172
up €90,172 (+35.6%), from €253,380 to €343,552
mainly Net result for the year (+€124,142) and Investment in fixed assets (net) (+€73,368)
- Financial fixed assets -€81,733
down €81,733 (-99.9%), from €81,838 to €105
- Receivables within one year -€28,567
down €28,567 (-69.1%), from €41,362 to €12,795
of which Trade receivables: -€23,540
- Tangible fixed assets +€6,504
up €6,504 (+313.4%), from €2,075 to €8,579
of which Plant, machinery and equipment: +€4,452
- Reserves -€38,500
down €38,500 (-26.8%), from €143,500 to €105,000
- Tax, wage and social debts +€33,419
up €33,419 (+3716.8%), from €899 to €34,318
- Other debts -€9,038
down €9,038 (-4.2%), from €217,679 to €208,641
- Gross operating margin +€105,426
up €105,426 (+63.2%), from €166,926 to €272,352
- Financial charges +€80,424
up €80,424 (+19456.1%), from €413 to €80,837
of which Non-recurring financial charges: +€80,681
- Taxes +€28,329
up €28,329 (+77.9%), from €36,358 to €64,687
- Depreciation -€9,002
down €9,002 (-82.9%), from €10,863 to €1,861
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 | €382,067 | €368,498 | -€13,569 | -3.6% |
| Fixed assets | 21/28 | €83,913 | €8,684 | -€75,229 | -89.7% |
| Tangible fixed assets | 22/27 | €2,075 | €8,579 | +€6,504 | +313.4% |
| Plant, machinery and equipment | 23 | €788 | €5,239 | +€4,452 | +565.2% |
| Furniture and vehicles | 24 | €1,287 | €3,339 | +€2,052 | +159.4% |
| Financial fixed assets | 28 | €81,838 | €105 | -€81,733 | -99.9% |
| Current assets | 29/58 | €298,154 | €359,815 | +€61,660 | +20.7% |
| Amounts receivable within one year | 40/41 | €41,362 | €12,795 | -€28,567 | -69.1% |
| Trade receivables | 40 | €36,335 | €12,795 | -€23,540 | -64.8% |
| Other amounts receivable | 41 | €5,028 | €0 | -€5,028 | -100.0% |
| Cash at bank and in hand | 54/58 | €253,380 | €343,552 | +€90,172 | +35.6% |
| Deferred charges and accrued income | 490/1 | €3,412 | €3,468 | +€55 | +1.6% |
| Total equity and liabilities | 10/49 | €382,067 | €368,498 | -€13,569 | -3.6% |
| Equity | 10/15 | €162,100 | €123,600 | -€38,500 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,500 | €105,000 | -€38,500 | -26.8% |
| Distributable reserves | 133 | €143,500 | €105,000 | -€38,500 | -26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,967 | €244,898 | +€24,931 | +11.3% |
| Amounts payable within one year | 42/48 | €219,967 | €244,898 | +€24,931 | +11.3% |
| Trade debts | 44 | €1,389 | €1,939 | +€550 | +39.6% |
| Suppliers | 440/4 | €1,389 | €1,939 | +€550 | +39.6% |
| Taxes, remuneration and social security | 45 | €899 | €34,318 | +€33,419 | +3716.8% |
| Taxes | 450/3 | €899 | €34,318 | +€33,419 | +3716.8% |
| Other amounts payable | 47/48 | €217,679 | €208,641 | -€9,038 | -4.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,863 | €1,861 | -€9,002 | -82.9% |
| Other operating charges | 640/8 | €591 | €843 | +€252 | +42.7% |
| Gross operating margin | 9900 | €166,926 | €272,352 | +€105,426 | +63.2% |
| Operating profit (loss) | 9901 | €155,472 | €269,647 | +€114,176 | +73.4% |
| Financial income | 75/76B | €5 | €18 | +€13 | +252.9% |
| Recurring financial income | 75 | €5 | €18 | +€13 | +252.9% |
| Financial charges | 65/66B | €413 | €80,837 | +€80,424 | +19456.1% |
| Recurring financial charges | 65 | €413 | €156 | -€257 | -62.2% |
| Non-recurring financial charges | 66B | - | €80,681 | +€80,681 | |
| Profit (loss) for the period before taxes | 9903 | €155,063 | €188,829 | +€33,765 | +21.8% |
| Income taxes | 67/77 | €36,358 | €64,687 | +€28,329 | +77.9% |
| Profit (loss) for the period | 9904 | €118,705 | €124,142 | +€5,437 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,705 | €124,142 | +€5,437 | +4.6% |
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 6 October 2026 via checked.be.