CONFUCIUS GROUP: 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.
CONFUCIUS GROUP
Largest movements
- Receivables within one year +€26,292
new in 2025: €26,292
of which Trade receivables: +€19,800
- Tangible fixed assets -€11,905
down €11,905 (-6.9%), from €172,525 to €160,620
- Receivables after one year -€5,240
down €5,240 (-45.6%), from €11,500 to €6,260
- Profit (loss) carried forward +€15,725
up €15,725, from -€8,388 to €7,337
- Other debts -€10,532
no longer reported in 2025 (was €10,532)
- Short-term financial debts +€7,791
new in 2025: €7,791
- Debts after one year -€4,842
down €4,842 (-3.1%), from €157,040 to €152,198
of which Financial debts: -€4,842
- Gross operating margin +€37,170
up €37,170 (+675%), from €5,503 to €42,673
- Financial charges +€7,737
up €7,737 (+112%), from €6,911 to €14,647
- Depreciation +€5,311
up €5,311 (+80.6%), from €6,593 to €11,905
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,025 | €193,172 | +€9,147 | +5.0% |
| Fixed assets | 21/28 | €172,525 | €160,620 | -€11,905 | -6.9% |
| Tangible fixed assets | 22/27 | €172,525 | €160,620 | -€11,905 | -6.9% |
| Land and buildings | 22 | €172,525 | €160,620 | -€11,905 | -6.9% |
| Current assets | 29/58 | €11,500 | €32,552 | +€21,052 | +183% |
| Amounts receivable after more than one year | 29 | €11,500 | €6,260 | -€5,240 | -45.6% |
| Other amounts receivable | 291 | €11,500 | €6,260 | -€5,240 | -45.6% |
| Amounts receivable within one year | 40/41 | - | €26,292 | +€26,292 | |
| Trade receivables | 40 | - | €19,800 | +€19,800 | |
| Other amounts receivable | 41 | - | €6,492 | +€6,492 | |
| Total equity and liabilities | 10/49 | €184,025 | €193,172 | +€9,147 | +5.0% |
| Equity | 10/15 | €11,612 | €27,337 | +€15,725 | +135% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€8,388 | €7,337 | +€15,725 | |
| Amounts payable | 17/49 | €172,413 | €165,835 | -€6,578 | -3.8% |
| Amounts payable after more than one year | 17 | €157,040 | €152,198 | -€4,842 | -3.1% |
| Financial debts | 170/4 | €153,040 | €148,198 | -€4,842 | -3.2% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,373 | €13,637 | -€1,735 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €4,453 | €4,842 | +€389 | +8.7% |
| Financial debts | 43 | - | €7,791 | +€7,791 | |
| Credit institutions | 430/8 | - | €7,791 | +€7,791 | |
| Trade debts | 44 | €387 | €1,004 | +€617 | +159% |
| Suppliers | 440/4 | €387 | €1,004 | +€617 | +159% |
| Other amounts payable | 47/48 | €10,532 | - | -€10,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €11,905 | +€5,311 | +80.6% |
| Other operating charges | 640/8 | €387 | €396 | +€9 | +2.2% |
| Gross operating margin | 9900 | €5,503 | €42,673 | +€37,170 | +675% |
| Operating profit (loss) | 9901 | -€1,477 | €30,372 | +€31,850 | |
| Financial charges | 65/66B | €6,911 | €14,647 | +€7,737 | +112% |
| Recurring financial charges | 65 | €6,911 | €14,647 | +€7,737 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€8,388 | €15,725 | +€24,113 | |
| Profit (loss) for the period | 9904 | -€8,388 | €15,725 | +€24,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,388 | €15,725 | +€24,113 |
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 26 October 2026 via checked.be.