CONTENTO: 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.
CONTENTO
Largest movements
- Receivables within one year +€206,297
up €206,297 (+103.8%), from €198,695 to €404,992
of which Trade receivables: +€122,339
- Intangible fixed assets +€127,910
up €127,910 (+27.5%), from €465,586 to €593,496
- Cash +€51,194
up €51,194 (+47.9%), from €106,945 to €158,139
mainly Contributions, distributions and other (+€331,019) and Depreciation (+€134,963)
- Profit (loss) carried forward +€3.2m
up €3.2m (+99.4%), from -€3.2m to -€20,137
- Contributions -€2.9m
down €2.9m (-95.1%), from €3.0m to €149,205
of which Outside capital: -€2.4m
- Current portion of long-term debt +€112,348
up €112,348 (+109.1%), from €102,982 to €215,330
- Debts after one year +€78,533
up €78,533 (+27.7%), from €283,157 to €361,690
- Tax, wage and social debts -€74,372
down €74,372 (-57.6%), from €129,127 to €54,756
of which Taxes: -€85,765
- Staff costs -€232,767
down €232,767 (-50.8%), from €458,208 to €225,440
- Gross operating margin +€155,469
up €155,469 (+69.5%), from €223,755 to €379,223
- Depreciation +€59,597
up €59,597 (+79.1%), from €75,366 to €134,963
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 | €806,288 | €1,177,583 | +€371,295 | +46.0% |
| Fixed assets | 21/28 | €474,438 | €598,497 | +€124,059 | +26.1% |
| Intangible fixed assets | 21 | €465,586 | €593,496 | +€127,910 | +27.5% |
| Tangible fixed assets | 22/27 | €5,477 | €1,626 | -€3,851 | -70.3% |
| Plant, machinery and equipment | 23 | €624 | €108 | -€516 | -82.8% |
| Furniture and vehicles | 24 | €4,853 | €1,518 | -€3,335 | -68.7% |
| Financial fixed assets | 28 | €3,375 | €3,375 | = | 0.0% |
| Current assets | 29/58 | €331,850 | €579,086 | +€247,236 | +74.5% |
| Amounts receivable within one year | 40/41 | €198,695 | €404,992 | +€206,297 | +103.8% |
| Trade receivables | 40 | €198,695 | €321,034 | +€122,339 | +61.6% |
| Other amounts receivable | 41 | - | €83,958 | +€83,958 | |
| Cash at bank and in hand | 54/58 | €106,945 | €158,139 | +€51,194 | +47.9% |
| Deferred charges and accrued income | 490/1 | €26,211 | €15,956 | -€10,255 | -39.1% |
| Total equity and liabilities | 10/49 | €806,288 | €1,177,583 | +€371,295 | +46.0% |
| Equity | 10/15 | -€166,893 | €143,988 | +€310,881 | |
| Contributions | 10/11 | €3,039,100 | €149,205 | -€2.9m | -95.1% |
| Capital | 10 | €665,363 | €149,205 | -€516,158 | -77.6% |
| Issued capital | 100 | €665,363 | €149,205 | -€516,158 | -77.6% |
| Outside capital | 11 | €2,373,738 | €0 | -€2.4m | -100.0% |
| Share premium | 1100/10 | €2,373,738 | €0 | -€2.4m | -100.0% |
| Reserves | 13 | - | €14,920 | +€14,920 | |
| Non-distributable reserves | 130/1 | - | €14,920 | +€14,920 | |
| Legal reserve | 130 | - | €14,920 | +€14,920 | |
| Profit (loss) carried forward | 14 | -€3,205,993 | -€20,137 | +€3.2m | +99.4% |
| Amounts payable | 17/49 | €973,181 | €1,033,595 | +€60,414 | +6.2% |
| Amounts payable after more than one year | 17 | €283,157 | €361,690 | +€78,533 | +27.7% |
| Financial debts | 170/4 | €283,157 | €361,690 | +€78,533 | +27.7% |
| Amounts payable within one year | 42/48 | €671,117 | €664,232 | -€6,885 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €102,982 | €215,330 | +€112,348 | +109.1% |
| Financial debts | 43 | €281,122 | €270,304 | -€10,817 | -3.8% |
| Credit institutions | 430/8 | €281,122 | €270,304 | -€10,817 | -3.8% |
| Trade debts | 44 | €157,886 | €123,842 | -€34,043 | -21.6% |
| Suppliers | 440/4 | €157,886 | €123,842 | -€34,043 | -21.6% |
| Taxes, remuneration and social security | 45 | €129,127 | €54,756 | -€74,372 | -57.6% |
| Taxes | 450/3 | €89,013 | €3,248 | -€85,765 | -96.4% |
| Remuneration and social security | 454/9 | €40,115 | €51,508 | +€11,394 | +28.4% |
| Accrued charges and deferred income | 492/3 | €18,908 | €7,673 | -€11,235 | -59.4% |
| Remuneration, social security and pensions | 62 | €458,208 | €225,440 | -€232,767 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,366 | €134,963 | +€59,597 | +79.1% |
| Other operating charges | 640/8 | €330 | €0 | -€330 | -100.0% |
| Gross operating margin | 9900 | €223,755 | €379,223 | +€155,469 | +69.5% |
| Operating profit (loss) | 9901 | -€310,149 | €18,820 | +€328,969 | |
| Financial income | 75/76B | €564 | €112 | -€452 | -80.1% |
| Recurring financial income | 75 | €564 | €112 | -€452 | -80.1% |
| Financial charges | 65/66B | €35,975 | €38,998 | +€3,024 | +8.4% |
| Recurring financial charges | 65 | €35,975 | €38,998 | +€3,024 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€345,559 | -€20,066 | +€325,494 | +94.2% |
| Income taxes | 67/77 | €1,071 | €72 | -€999 | -93.3% |
| Profit (loss) for the period | 9904 | -€346,630 | -€20,137 | +€326,493 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€346,630 | -€20,137 | +€326,493 | +94.2% |
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 4 October 2026 via checked.be.