CONFIDIM: 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.
CONFIDIM
Largest movements
- Stocks and contracts +€583,073
up €583,073 (+387501.3%), from €150 to €583,224
- Deferred charges and accrued income -€228,473
down €228,473 (-100.0%), from €228,482 to €9
- Tangible fixed assets -€78,063
down €78,063 (-10.8%), from €720,100 to €642,038
of which Land and buildings: -€77,268
- Short-term financial debts +€299,419
up €299,419 (+51524.4%), from €581 to €300,000
- Other debts +€94,924
up €94,924 (+15.1%), from €627,341 to €722,265
- Profit (loss) carried forward -€69,043
down €69,043 (-36.0%), from -€191,568 to -€260,611
- Debts after one year -€31,863
down €31,863 (-10.8%), from €294,775 to €262,912
- Other operating charges +€20,962
up €20,962, from €0 to €20,962
- Gross operating margin +€17,828
up €17,828 (+57.1%), from €31,198 to €49,026
- Taxes +€11,182
new in 2025: €11,182
- Financial charges +€4,133
up €4,133 (+58.2%), from €7,102 to €11,235
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 | €958,044 | €1,235,850 | +€277,806 | +29.0% |
| Fixed assets | 21/28 | €720,100 | €642,038 | -€78,063 | -10.8% |
| Tangible fixed assets | 22/27 | €720,100 | €642,038 | -€78,063 | -10.8% |
| Land and buildings | 22 | €716,677 | €639,409 | -€77,268 | -10.8% |
| Furniture and vehicles | 24 | €3,423 | €2,628 | -€795 | -23.2% |
| Current assets | 29/58 | €237,944 | €593,812 | +€355,868 | +149.6% |
| Stocks and contracts in progress | 3 | €150 | €583,224 | +€583,073 | +387501.3% |
| Stocks | 30/36 | €150 | €583,224 | +€583,073 | +387501.3% |
| Amounts receivable within one year | 40/41 | €6,764 | €7,202 | +€438 | +6.5% |
| Other amounts receivable | 41 | €6,764 | €7,202 | +€438 | +6.5% |
| Current investments | 50/53 | €2,548 | €2,548 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €829 | +€829 | |
| Deferred charges and accrued income | 490/1 | €228,482 | €9 | -€228,473 | -100.0% |
| Total equity and liabilities | 10/49 | €958,044 | €1,235,850 | +€277,806 | +29.0% |
| Equity | 10/15 | -€15,895 | -€87,467 | -€71,573 | -450.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €15,673 | €13,144 | -€2,529 | -16.1% |
| Non-distributable reserves | 130/1 | €8,924 | €8,924 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,924 | €8,924 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,749 | €4,219 | -€2,529 | -37.5% |
| Profit (loss) carried forward | 14 | -€191,568 | -€260,611 | -€69,043 | -36.0% |
| Provisions and deferred taxes | 16 | €2,250 | €1,406 | -€843 | -37.5% |
| Deferred taxes | 168 | €2,250 | €1,406 | -€843 | -37.5% |
| Amounts payable | 17/49 | €971,690 | €1,321,911 | +€350,221 | +36.0% |
| Amounts payable after more than one year | 17 | €294,775 | €262,912 | -€31,863 | -10.8% |
| Financial debts | 170/4 | €294,775 | €262,912 | -€31,863 | -10.8% |
| Amounts payable within one year | 42/48 | €676,706 | €1,059,000 | +€382,294 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €36,900 | €34,716 | -€2,183 | -5.9% |
| Financial debts | 43 | €581 | €300,000 | +€299,419 | +51524.4% |
| Credit institutions | 430/8 | €581 | €300,000 | +€299,419 | +51524.4% |
| Trade debts | 44 | €11,884 | €2,018 | -€9,866 | -83.0% |
| Suppliers | 440/4 | €11,884 | €2,018 | -€9,866 | -83.0% |
| Other amounts payable | 47/48 | €627,341 | €722,265 | +€94,924 | +15.1% |
| Accrued charges and deferred income | 492/3 | €209 | €0 | -€209 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,634 | €78,063 | +€429 | +0.6% |
| Other operating charges | 640/8 | €0 | €20,962 | +€20,962 | |
| Gross operating margin | 9900 | €31,198 | €49,026 | +€17,828 | +57.1% |
| Operating profit (loss) | 9901 | -€46,436 | -€49,998 | -€3,563 | -7.7% |
| Financial charges | 65/66B | €7,102 | €11,235 | +€4,133 | +58.2% |
| Recurring financial charges | 65 | €7,102 | €11,235 | +€4,133 | +58.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,538 | -€61,234 | -€7,695 | -14.4% |
| Transfer from deferred taxes | 780 | €843 | €843 | = | 0.0% |
| Income taxes | 67/77 | - | €11,182 | +€11,182 | |
| Profit (loss) for the period | 9904 | -€52,695 | -€71,573 | -€18,877 | -35.8% |
| Transfer from tax-exempt reserves | 789 | €2,529 | €2,529 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,166 | -€69,043 | -€18,877 | -37.6% |
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.