LA CONCORDE: 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.
LA CONCORDE
Largest movements
- Deferred charges and accrued income -€136,560
down €136,560 (-98.6%), from €138,545 to €1,986
- Cash +€36,438
up €36,438 (+257.8%), from €14,132 to €50,570
mainly Deferred charges and accrued income (+€136,560) and Net result for the year (+€107,764)
- Tangible fixed assets -€19,105
down €19,105 (-10.5%), from €181,498 to €162,393
- Receivables after one year -€3,569
no longer reported in 2025 (was €3,569)
- Other debts -€188,296
down €188,296 (-15.0%), from €1.3m to €1.1m
- Profit (loss) carried forward +€107,764
up €107,764 (+7.2%), from -€1.5m to -€1.4m
- Short-term financial debts -€32,950
down €32,950 (-40.7%), from €80,950 to €48,000
- Current portion of long-term debt -€25,702
no longer reported in 2025 (was €25,702)
- Accrued charges and deferred income +€12,059
new in 2025: €12,059
- Depreciation -€7,927
down €7,927 (-29.3%), from €27,032 to €19,105
- Gross operating margin +€5,645
up €5,645 (+4.3%), from €131,278 to €136,923
- Financial charges -€4,281
down €4,281 (-40.1%), from €10,680 to €6,399
- Financial income +€2,551
up €2,551 (+233.5%), from €1,093 to €3,644
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 | €340,092 | €215,226 | -€124,866 | -36.7% |
| Fixed assets | 21/28 | €181,498 | €162,393 | -€19,105 | -10.5% |
| Tangible fixed assets | 22/27 | €181,498 | €162,393 | -€19,105 | -10.5% |
| Land and buildings | 22 | €181,498 | €162,393 | -€19,105 | -10.5% |
| Current assets | 29/58 | €158,594 | €52,834 | -€105,760 | -66.7% |
| Amounts receivable after more than one year | 29 | €3,569 | - | -€3,569 | |
| Other amounts receivable | 291 | €3,569 | - | -€3,569 | |
| Amounts receivable within one year | 40/41 | €2,348 | €278 | -€2,070 | -88.2% |
| Trade receivables | 40 | €1,346 | €278 | -€1,068 | -79.3% |
| Other amounts receivable | 41 | €1,002 | - | -€1,002 | |
| Cash at bank and in hand | 54/58 | €14,132 | €50,570 | +€36,438 | +257.8% |
| Deferred charges and accrued income | 490/1 | €138,545 | €1,986 | -€136,560 | -98.6% |
| Total equity and liabilities | 10/49 | €340,092 | €215,226 | -€124,866 | -36.7% |
| Equity | 10/15 | -€1,024,365 | -€916,601 | +€107,764 | +10.5% |
| Contributions | 10/11 | €362,000 | €362,000 | = | 0.0% |
| Capital | 10 | €362,000 | €362,000 | = | 0.0% |
| Issued capital | 100 | €362,000 | €362,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,447 | €1,447 | = | 0.0% |
| Reserves | 13 | €112,709 | €112,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,099 | €6,099 | = | 0.0% |
| Legal reserve | 130 | €6,099 | €6,099 | = | 0.0% |
| Distributable reserves | 133 | €106,610 | €106,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,500,521 | -€1,392,757 | +€107,764 | +7.2% |
| Amounts payable | 17/49 | €1,364,457 | €1,131,827 | -€232,630 | -17.0% |
| Amounts payable within one year | 42/48 | €1,364,457 | €1,119,768 | -€244,689 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €25,702 | - | -€25,702 | |
| Financial debts | 43 | €80,950 | €48,000 | -€32,950 | -40.7% |
| Other loans | 439 | €80,950 | €48,000 | -€32,950 | -40.7% |
| Trade debts | 44 | €74 | - | -€74 | |
| Suppliers | 440/4 | €74 | - | -€74 | |
| Taxes, remuneration and social security | 45 | - | €2,333 | +€2,333 | |
| Taxes | 450/3 | - | €2,333 | +€2,333 | |
| Other amounts payable | 47/48 | €1,257,731 | €1,069,435 | -€188,296 | -15.0% |
| Accrued charges and deferred income | 492/3 | - | €12,059 | +€12,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,032 | €19,105 | -€7,927 | -29.3% |
| Other operating charges | 640/8 | €8,494 | €7,299 | -€1,196 | -14.1% |
| Non-recurring operating charges | 66A | €342,485 | - | -€342,485 | |
| Gross operating margin | 9900 | €131,278 | €136,923 | +€5,645 | +4.3% |
| Operating profit (loss) | 9901 | -€246,734 | €110,519 | +€357,253 | |
| Financial income | 75/76B | €1,093 | €3,644 | +€2,551 | +233.5% |
| Recurring financial income | 75 | €1,093 | €3,644 | +€2,551 | +233.5% |
| Financial charges | 65/66B | €10,680 | €6,399 | -€4,281 | -40.1% |
| Recurring financial charges | 65 | €10,680 | €6,399 | -€4,281 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€256,321 | €107,764 | +€364,085 | |
| Profit (loss) for the period | 9904 | -€256,321 | €107,764 | +€364,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€256,321 | €107,764 | +€364,085 |
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 8 October 2026 via checked.be.