Conncept: 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.
Conncept
Largest movements
- Tangible fixed assets +€7,765
up €7,765 (+6.0%), from €129,235 to €137,000
of which Furniture and vehicles: +€18,748
- Cash +€6,822
up €6,822 (+29.4%), from €23,203 to €30,025
mainly Net result for the year (+€18,939) and Depreciation (+€16,267)
- Receivables within one year +€4,547
up €4,547 (+36.4%), from €12,489 to €17,035
- Deferred charges and accrued income -€3,997
no longer reported in 2025 (was €3,997)
- Profit (loss) carried forward +€18,939
up €18,939 (+47.2%), from -€40,147 to -€21,208
- Debts after one year -€8,647
down €8,647 (-8.6%), from €100,614 to €91,967
- Current portion of long-term debt +€7,745
up €7,745 (+70.4%), from €11,004 to €18,749
- Other debts -€2,669
down €2,669 (-10.3%), from €25,866 to €23,198
- Gross operating margin +€59,334
up €59,334, from -€17,802 to €41,532
- Financial charges -€3,649
down €3,649 (-49.6%), from €7,363 to €3,714
- Depreciation +€3,055
up €3,055 (+23.1%), from €13,212 to €16,267
- Other operating charges +€840
up €840 (+52.2%), from €1,608 to €2,448
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 | €168,923 | €184,060 | +€15,137 | +9.0% |
| Fixed assets | 21/28 | €129,235 | €137,000 | +€7,765 | +6.0% |
| Tangible fixed assets | 22/27 | €129,235 | €137,000 | +€7,765 | +6.0% |
| Land and buildings | 22 | €114,975 | €106,198 | -€8,777 | -7.6% |
| Plant, machinery and equipment | 23 | €2,522 | €2,161 | -€362 | -14.3% |
| Furniture and vehicles | 24 | €541 | €19,289 | +€18,748 | +3466.2% |
| Other tangible fixed assets | 26 | €11,196 | €9,352 | -€1,844 | -16.5% |
| Current assets | 29/58 | €39,688 | €47,060 | +€7,372 | +18.6% |
| Amounts receivable within one year | 40/41 | €12,489 | €17,035 | +€4,547 | +36.4% |
| Trade receivables | 40 | €12,489 | €17,035 | +€4,547 | +36.4% |
| Cash at bank and in hand | 54/58 | €23,203 | €30,025 | +€6,822 | +29.4% |
| Deferred charges and accrued income | 490/1 | €3,997 | - | -€3,997 | |
| Total equity and liabilities | 10/49 | €168,923 | €184,060 | +€15,137 | +9.0% |
| Equity | 10/15 | €23,285 | €42,224 | +€18,939 | +81.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,832 | €44,832 | = | 0.0% |
| Distributable reserves | 133 | €44,832 | €44,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,147 | -€21,208 | +€18,939 | +47.2% |
| Amounts payable | 17/49 | €145,638 | €141,836 | -€3,802 | -2.6% |
| Amounts payable after more than one year | 17 | €100,614 | €91,967 | -€8,647 | -8.6% |
| Financial debts | 170/4 | €100,614 | €91,967 | -€8,647 | -8.6% |
| Amounts payable within one year | 42/48 | €45,024 | €49,869 | +€4,845 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €11,004 | €18,749 | +€7,745 | +70.4% |
| Trade debts | 44 | €2,680 | €2,877 | +€197 | +7.3% |
| Suppliers | 440/4 | €2,680 | €2,877 | +€197 | +7.3% |
| Taxes, remuneration and social security | 45 | €5,473 | €5,045 | -€428 | -7.8% |
| Taxes | 450/3 | €5,473 | €5,045 | -€428 | -7.8% |
| Other amounts payable | 47/48 | €25,866 | €23,198 | -€2,669 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,212 | €16,267 | +€3,055 | +23.1% |
| Other operating charges | 640/8 | €1,608 | €2,448 | +€840 | +52.2% |
| Gross operating margin | 9900 | -€17,802 | €41,532 | +€59,334 | |
| Operating profit (loss) | 9901 | -€32,623 | €22,817 | +€55,439 | |
| Financial income | 75/76B | €62 | €45 | -€18 | -28.1% |
| Recurring financial income | 75 | €62 | €45 | -€18 | -28.1% |
| Financial charges | 65/66B | €7,363 | €3,714 | -€3,649 | -49.6% |
| Recurring financial charges | 65 | €7,363 | €3,714 | -€3,649 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,923 | €19,147 | +€59,071 | |
| Income taxes | 67/77 | €224 | €208 | -€15 | -6.8% |
| Profit (loss) for the period | 9904 | -€40,147 | €18,939 | +€59,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,147 | €18,939 | +€59,086 |
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 7 October 2026 via checked.be.