F. CONCEPT: 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.
What changed
F. CONCEPT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€215,097
2024 · €331,977-€547,074
Equity
€1.5m
2024 · €1.7m-€215,097
Cash
€75,979
2024 · €378,654-€302,676
Balance sheet total
€5.1m
2024 · €5.5m-€401,035
Largest movements
Assets
- Cash -€302,676
down €302,676 (-79.9%), from €378,654 to €75,979
mainly Net result for the year (-€215,097) and Debts after one year (-€136,991)
- Tangible fixed assets -€84,626
down €84,626 (-3.0%), from €2.8m to €2.7m
of which Land and buildings: -€86,651
Equity and liabilities
- Profit (loss) carried forward -€199,896
down €199,896 (-36.4%), from €548,706 to €348,810
- Debts after one year -€136,991
down €136,991 (-17.8%), from €771,050 to €634,059
Income statement
- Financial income -€451,385
down €451,385 (-100.0%), from €451,387 to €2
of which Non-recurring financial income: -€446,375
- Gross operating margin -€66,942
down €66,942 (-32.6%), from €205,052 to €138,111
- Other operating charges +€39,258
up €39,258 (+707%), from €5,549 to €44,807
- Financial charges -€12,137
down €12,137 (-6.2%), from €195,831 to €183,694
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.
Result 2024
€331,977
Gross operating margin
-€66,942
Staff costs
-€1,371
Depreciation
-€955
Other operating charges
-€39,258
Financial income
-€451,385
Financial charges
+€12,137
Taxes
+€699
Result 2025
-€215,097
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€109,582
Investment
-€53,330
Financing
-€139,763
Cash 2024
€378,654
From operations (derived)
-€109,582
Net result for the year
-€215,097
Depreciation
+€137,956
Receivables within one year
+€6,000
Deferred charges and accrued income
+€7,734
Provisions
-€15,135
Trade debts
+€12,415
Tax, wage and social debts
-€641
Other debts
-€41,294
Accrued charges and deferred income
-€1,520
Investment (derived)
-€53,330
Investment in fixed assets (net)
-€53,330
Financing
-€139,763
Debts after one year
-€136,991
Current portion of long-term debt
-€2,772
Cash 2025
€75,979
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,494,585 | €5,093,550 | -€401,035 | -7.3% |
| Fixed assets | 21/28 | €5,101,562 | €5,016,936 | -€84,626 | -1.7% |
| Tangible fixed assets | 22/27 | €2,827,507 | €2,742,881 | -€84,626 | -3.0% |
| Land and buildings | 22 | €2,764,015 | €2,677,364 | -€86,651 | -3.1% |
| Furniture and vehicles | 24 | €6,884 | €5,086 | -€1,799 | -26.1% |
| Other tangible fixed assets | 26 | €56,607 | €56,607 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €3,823 | +€3,823 | |
| Financial fixed assets | 28 | €2,274,055 | €2,274,055 | = | 0.0% |
| Current assets | 29/58 | €393,023 | €76,614 | -€316,409 | -80.5% |
| Amounts receivable within one year | 40/41 | €6,000 | - | -€6,000 | |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €378,654 | €75,979 | -€302,676 | -79.9% |
| Deferred charges and accrued income | 490/1 | €8,369 | €636 | -€7,734 | -92.4% |
| Total equity and liabilities | 10/49 | €5,494,585 | €5,093,550 | -€401,035 | -7.3% |
| Equity | 10/15 | €1,732,688 | €1,517,592 | -€215,097 | -12.4% |
| Contributions | 10/11 | €256,200 | €256,200 | = | 0.0% |
| Capital | 10 | €256,200 | €256,200 | = | 0.0% |
| Issued capital | 100 | €268,600 | €268,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €927,783 | €912,582 | -€15,201 | -1.6% |
| Non-distributable reserves | 130/1 | €26,860 | €26,860 | = | 0.0% |
| Legal reserve | 130 | €26,860 | €26,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €265,923 | €250,722 | -€15,201 | -5.7% |
| Distributable reserves | 133 | €635,000 | €635,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €548,706 | €348,810 | -€199,896 | -36.4% |
| Provisions and deferred taxes | 16 | €2,266,633 | €2,251,498 | -€15,135 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €2,177,992 | €2,167,924 | -€10,068 | -0.5% |
| Environmental obligations | 163 | €2,177,992 | €2,167,924 | -€10,068 | -0.5% |
| Deferred taxes | 168 | €88,641 | €83,574 | -€5,067 | -5.7% |
| Amounts payable | 17/49 | €1,495,264 | €1,324,460 | -€170,804 | -11.4% |
| Amounts payable after more than one year | 17 | €771,050 | €634,059 | -€136,991 | -17.8% |
| Financial debts | 170/4 | €771,050 | €634,059 | -€136,991 | -17.8% |
| Amounts payable within one year | 42/48 | €722,694 | €690,401 | -€32,293 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €346,212 | €343,440 | -€2,772 | -0.8% |
| Trade debts | 44 | €25,238 | €37,652 | +€12,415 | +49.2% |
| Suppliers | 440/4 | €25,238 | €37,652 | +€12,415 | +49.2% |
| Taxes, remuneration and social security | 45 | €3,991 | €3,350 | -€641 | -16.1% |
| Taxes | 450/3 | €3,991 | €3,350 | -€641 | -16.1% |
| Other amounts payable | 47/48 | €347,253 | €305,959 | -€41,294 | -11.9% |
| Accrued charges and deferred income | 492/3 | €1,520 | - | -€1,520 | |
| Remuneration, social security and pensions | 62 | - | €1,371 | +€1,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,001 | €137,956 | +€955 | +0.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,068 | -€10,068 | = | 0.0% |
| Other operating charges | 640/8 | €5,549 | €44,807 | +€39,258 | +707% |
| Gross operating margin | 9900 | €205,052 | €138,111 | -€66,942 | -32.6% |
| Operating profit (loss) | 9901 | €72,569 | -€35,956 | -€108,525 | |
| Financial income | 75/76B | €451,387 | €2 | -€451,385 | -100.0% |
| Recurring financial income | 75 | €5,012 | €2 | -€5,010 | -100.0% |
| Non-recurring financial income | 76B | €446,375 | - | -€446,375 | |
| Financial charges | 65/66B | €195,831 | €183,694 | -€12,137 | -6.2% |
| Recurring financial charges | 65 | €195,831 | €183,694 | -€12,137 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €328,125 | -€219,647 | -€547,773 | |
| Transfer from deferred taxes | 780 | €5,067 | €5,067 | = | 0.0% |
| Income taxes | 67/77 | €1,215 | €516 | -€699 | -57.5% |
| Profit (loss) for the period | 9904 | €331,977 | -€215,097 | -€547,074 | |
| Transfer from tax-exempt reserves | 789 | €15,201 | €15,201 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €347,178 | -€199,896 | -€547,074 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.