DE CONCURRENTIE: 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.
DE CONCURRENTIE
Largest movements
- Cash +€29,948
up €29,948 (+31.4%), from €95,433 to €125,381
mainly Depreciation (+€37,356) and Other debts (+€36,457)
- Receivables within one year -€11,902
down €11,902 (-46.1%), from €25,820 to €13,918
of which Trade receivables: -€11,902
- Tangible fixed assets -€5,274
down €5,274 (-5.8%), from €90,491 to €85,217
of which Plant, machinery and equipment: -€11,042
- Other debts +€36,457
up €36,457 (+558302.1%), from €7 to €36,464
- Trade debts -€11,952
down €11,952 (-91.8%), from €13,016 to €1,064
- Reserves -€9,013
down €9,013 (-4.3%), from €209,683 to €200,670
- Debts after one year +€4,924
up €4,924 (+561.7%), from €877 to €5,800
- Tax, wage and social debts -€4,900
down €4,900 (-22.8%), from €21,446 to €16,546
- Gross operating margin +€14,450
up €14,450 (+33.1%), from €43,661 to €58,112
- Taxes +€5,324
up €5,324 (+209.3%), from €2,544 to €7,868
- Depreciation -€1,518
down €1,518 (-3.9%), from €38,874 to €37,356
- Financial income +€1,348
up €1,348 (+61.5%), from €2,191 to €3,539
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 | €270,274 | €282,246 | +€11,972 | +4.4% |
| Fixed assets | 21/28 | €90,491 | €85,217 | -€5,274 | -5.8% |
| Tangible fixed assets | 22/27 | €90,491 | €85,217 | -€5,274 | -5.8% |
| Plant, machinery and equipment | 23 | €25,625 | €14,583 | -€11,042 | -43.1% |
| Furniture and vehicles | 24 | €28,893 | €42,938 | +€14,045 | +48.6% |
| Other tangible fixed assets | 26 | €35,973 | €27,696 | -€8,277 | -23.0% |
| Current assets | 29/58 | €179,783 | €197,029 | +€17,246 | +9.6% |
| Amounts receivable after more than one year | 29 | €20,200 | €20,200 | = | 0.0% |
| Other amounts receivable | 291 | €20,200 | €20,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,820 | €13,918 | -€11,902 | -46.1% |
| Trade receivables | 40 | €23,001 | €11,099 | -€11,902 | -51.7% |
| Other amounts receivable | 41 | €2,819 | €2,819 | = | 0.0% |
| Current investments | 50/53 | €38,330 | €37,530 | -€800 | -2.1% |
| Cash at bank and in hand | 54/58 | €95,433 | €125,381 | +€29,948 | +31.4% |
| Total equity and liabilities | 10/49 | €270,274 | €282,246 | +€11,972 | +4.4% |
| Equity | 10/15 | €226,883 | €217,870 | -€9,013 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €209,683 | €200,670 | -€9,013 | -4.3% |
| Distributable reserves | 133 | €209,683 | €200,670 | -€9,013 | -4.3% |
| Profit (loss) carried forward | 14 | €11,000 | €11,000 | = | 0.0% |
| Amounts payable | 17/49 | €43,391 | €64,376 | +€20,985 | +48.4% |
| Amounts payable after more than one year | 17 | €877 | €5,800 | +€4,924 | +561.7% |
| Financial debts | 170/4 | €877 | €5,800 | +€4,924 | +561.7% |
| Amounts payable within one year | 42/48 | €42,515 | €58,576 | +€16,061 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €8,046 | €4,501 | -€3,544 | -44.1% |
| Trade debts | 44 | €13,016 | €1,064 | -€11,952 | -91.8% |
| Suppliers | 440/4 | €13,016 | €1,064 | -€11,952 | -91.8% |
| Taxes, remuneration and social security | 45 | €21,446 | €16,546 | -€4,900 | -22.8% |
| Taxes | 450/3 | €21,446 | €16,546 | -€4,900 | -22.8% |
| Other amounts payable | 47/48 | €7 | €36,464 | +€36,457 | +558302.1% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,874 | €37,356 | -€1,518 | -3.9% |
| Other operating charges | 640/8 | €1,773 | €1,690 | -€83 | -4.7% |
| Gross operating margin | 9900 | €43,661 | €58,112 | +€14,450 | +33.1% |
| Operating profit (loss) | 9901 | €3,014 | €19,065 | +€16,051 | +532.6% |
| Financial income | 75/76B | €2,191 | €3,539 | +€1,348 | +61.5% |
| Recurring financial income | 75 | €2,191 | €3,539 | +€1,348 | +61.5% |
| Financial charges | 65/66B | €894 | €749 | -€145 | -16.2% |
| Recurring financial charges | 65 | €894 | €749 | -€145 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €4,310 | €21,855 | +€17,544 | +407.0% |
| Income taxes | 67/77 | €2,544 | €7,868 | +€5,324 | +209.3% |
| Profit (loss) for the period | 9904 | €1,767 | €13,987 | +€12,221 | +691.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,767 | €13,987 | +€12,221 | +691.7% |
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.