LE CONFUCIUS: 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.
LE CONFUCIUS
Largest movements
- Tangible fixed assets -€18,915
down €18,915 (-24.9%), from €75,824 to €56,909
of which Furniture and vehicles: -€11,995
- Cash -€4,466
down €4,466 (-4.4%), from €101,249 to €96,782
mainly Net result for the year (-€17,128) and Debts after one year (-€9,010)
- Intangible fixed assets -€3,182
down €3,182 (-52.2%), from €6,099 to €2,917
- Profit (loss) carried forward -€17,128
down €17,128, from €530 to -€16,598
- Debts after one year -€9,010
down €9,010 (-33.6%), from €26,787 to €17,777
- Accrued charges and deferred income -€3,757
no longer reported in 2025 (was €3,757)
- Other debts +€2,661
up €2,661 (+8.1%), from €32,908 to €35,568
- Tax, wage and social debts -€2,134
down €2,134 (-18.2%), from €11,697 to €9,563
of which Remuneration and social security: -€7,545
- Gross operating margin -€30,785
down €30,785 (-17.6%), from €174,419 to €143,634
- Taxes -€4,094
down €4,094 (-94.9%), from €4,314 to €220
- Staff costs -€3,847
down €3,847 (-2.9%), from €130,904 to €127,058
- Depreciation +€3,303
up €3,303 (+14.3%), from €23,116 to €26,419
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,429 | €167,333 | -€27,096 | -13.9% |
| Fixed assets | 21/28 | €82,107 | €60,010 | -€22,097 | -26.9% |
| Intangible fixed assets | 21 | €6,099 | €2,917 | -€3,182 | -52.2% |
| Tangible fixed assets | 22/27 | €75,824 | €56,909 | -€18,915 | -24.9% |
| Plant, machinery and equipment | 23 | €30,294 | €23,374 | -€6,920 | -22.8% |
| Furniture and vehicles | 24 | €45,530 | €33,535 | -€11,995 | -26.3% |
| Financial fixed assets | 28 | €184 | €184 | = | 0.0% |
| Current assets | 29/58 | €112,322 | €107,323 | -€4,999 | -4.5% |
| Stocks and contracts in progress | 3 | €1,412 | €1,194 | -€218 | -15.5% |
| Stocks | 30/36 | €1,412 | €1,194 | -€218 | -15.5% |
| Amounts receivable within one year | 40/41 | €8,779 | €8,731 | -€48 | -0.5% |
| Trade receivables | 40 | €2,468 | €3,325 | +€858 | +34.8% |
| Other amounts receivable | 41 | €6,312 | €5,406 | -€906 | -14.4% |
| Cash at bank and in hand | 54/58 | €101,249 | €96,782 | -€4,466 | -4.4% |
| Deferred charges and accrued income | 490/1 | €883 | €616 | -€267 | -30.2% |
| Total equity and liabilities | 10/49 | €194,429 | €167,333 | -€27,096 | -13.9% |
| Equity | 10/15 | €102,739 | €85,611 | -€17,128 | -16.7% |
| Contributions | 10/11 | €53,049 | €53,049 | = | 0.0% |
| Reserves | 13 | €49,160 | €49,160 | = | 0.0% |
| Distributable reserves | 133 | €49,160 | €49,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €530 | -€16,598 | -€17,128 | |
| Amounts payable | 17/49 | €91,690 | €81,722 | -€9,968 | -10.9% |
| Amounts payable after more than one year | 17 | €26,787 | €17,777 | -€9,010 | -33.6% |
| Financial debts | 170/4 | €26,787 | €17,777 | -€9,010 | -33.6% |
| Amounts payable within one year | 42/48 | €61,146 | €63,945 | +€2,799 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €8,643 | €9,010 | +€366 | +4.2% |
| Trade debts | 44 | €7,898 | €9,804 | +€1,906 | +24.1% |
| Suppliers | 440/4 | €7,898 | €9,804 | +€1,906 | +24.1% |
| Taxes, remuneration and social security | 45 | €11,697 | €9,563 | -€2,134 | -18.2% |
| Taxes | 450/3 | €4,152 | €9,563 | +€5,411 | +130% |
| Remuneration and social security | 454/9 | €7,545 | - | -€7,545 | |
| Other amounts payable | 47/48 | €32,908 | €35,568 | +€2,661 | +8.1% |
| Accrued charges and deferred income | 492/3 | €3,757 | - | -€3,757 | |
| Remuneration, social security and pensions | 62 | €130,904 | €127,058 | -€3,847 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,116 | €26,419 | +€3,303 | +14.3% |
| Other operating charges | 640/8 | €2,208 | €2,056 | -€152 | -6.9% |
| Non-recurring operating charges | 66A | €63 | €489 | +€426 | +675% |
| Gross operating margin | 9900 | €174,419 | €143,634 | -€30,785 | -17.6% |
| Operating profit (loss) | 9901 | €18,128 | -€12,387 | -€30,515 | |
| Financial income | 75/76B | €49 | €154 | +€105 | +215% |
| Recurring financial income | 75 | €49 | €154 | +€105 | +215% |
| Financial charges | 65/66B | €4,456 | €4,676 | +€219 | +4.9% |
| Recurring financial charges | 65 | €4,456 | €4,676 | +€219 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €13,720 | -€16,908 | -€30,629 | |
| Income taxes | 67/77 | €4,314 | €220 | -€4,094 | -94.9% |
| Profit (loss) for the period | 9904 | €9,407 | -€17,128 | -€26,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,407 | -€17,128 | -€26,535 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.