INSIDE CONCEPT: 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.
INSIDE CONCEPT
Largest movements
- Cash -€37,514
no longer reported in 2025 (was €37,514)
mainly Accrued charges and deferred income (-€42,844) and Trade debts (-€37,056)
- Receivables within one year -€28,617
down €28,617 (-8.6%), from €333,572 to €304,955
of which Trade receivables: -€26,715
- Accrued charges and deferred income -€42,844
no longer reported in 2025 (was €42,844)
- Trade debts -€37,056
down €37,056 (-32.8%), from €113,128 to €76,072
- Short-term financial debts +€13,179
new in 2025: €13,179
- Profit (loss) carried forward -€11,371
down €11,371 (-6.4%), from €178,857 to €167,487
- Tax, wage and social debts +€10,437
new in 2025: €10,437
- Gross operating margin -€73,003
down €73,003 (-44.8%), from €163,003 to €90,001
- Taxes +€62,430
up €62,430 (+4526.7%), from €1,379 to €63,809
- Write-downs -€32,649
down €32,649 (-73.5%), from €44,408 to €11,759
- Staff costs +€18,326
new in 2025: €18,326
- Depreciation -€4,309
down €4,309 (-61.3%), from €7,027 to €2,717
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 | €373,865 | €304,955 | -€68,910 | -18.4% |
| Fixed assets | 21/28 | €2,717 | - | -€2,717 | |
| Tangible fixed assets | 22/27 | €2,717 | - | -€2,717 | |
| Plant, machinery and equipment | 23 | €257 | - | -€257 | |
| Furniture and vehicles | 24 | €2,461 | - | -€2,461 | |
| Current assets | 29/58 | €371,147 | €304,955 | -€66,192 | -17.8% |
| Amounts receivable within one year | 40/41 | €333,572 | €304,955 | -€28,617 | -8.6% |
| Trade receivables | 40 | €327,741 | €301,026 | -€26,715 | -8.2% |
| Other amounts receivable | 41 | €5,831 | €3,929 | -€1,902 | -32.6% |
| Cash at bank and in hand | 54/58 | €37,514 | - | -€37,514 | |
| Deferred charges and accrued income | 490/1 | €61 | - | -€61 | |
| Total equity and liabilities | 10/49 | €373,865 | €304,955 | -€68,910 | -18.4% |
| Equity | 10/15 | €194,439 | €183,068 | -€11,371 | -5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,181 | €3,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,321 | €1,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,857 | €167,487 | -€11,371 | -6.4% |
| Amounts payable | 17/49 | €179,426 | €121,887 | -€57,539 | -32.1% |
| Amounts payable within one year | 42/48 | €136,582 | €121,887 | -€14,695 | -10.8% |
| Financial debts | 43 | - | €13,179 | +€13,179 | |
| Credit institutions | 430/8 | - | €13,179 | +€13,179 | |
| Trade debts | 44 | €113,128 | €76,072 | -€37,056 | -32.8% |
| Suppliers | 440/4 | €113,128 | €76,072 | -€37,056 | -32.8% |
| Taxes, remuneration and social security | 45 | - | €10,437 | +€10,437 | |
| Taxes | 450/3 | - | €10,437 | +€10,437 | |
| Other amounts payable | 47/48 | €23,454 | €22,199 | -€1,255 | -5.4% |
| Accrued charges and deferred income | 492/3 | €42,844 | - | -€42,844 | |
| Remuneration, social security and pensions | 62 | - | €18,326 | +€18,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €2,717 | -€4,309 | -61.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €44,408 | €11,759 | -€32,649 | -73.5% |
| Other operating charges | 640/8 | €4,227 | €4,233 | +€6 | +0.2% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €163,003 | €90,001 | -€73,003 | -44.8% |
| Operating profit (loss) | 9901 | €107,342 | €52,965 | -€54,377 | -50.7% |
| Financial income | 75/76B | €27 | €297 | +€269 | +984.6% |
| Recurring financial income | 75 | €27 | €297 | +€269 | +984.6% |
| Financial charges | 65/66B | €679 | €823 | +€144 | +21.3% |
| Recurring financial charges | 65 | €679 | €823 | +€144 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €106,691 | €52,439 | -€54,252 | -50.8% |
| Income taxes | 67/77 | €1,379 | €63,809 | +€62,430 | +4526.7% |
| Profit (loss) for the period | 9904 | €105,312 | -€11,371 | -€116,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,312 | -€11,371 | -€116,682 |
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.