LES CONCAVES: 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.
LES CONCAVES
Largest movements
- Cash +€15,405
up €15,405 (+15.5%), from €99,612 to €115,017
mainly Trade debts (+€43,534) and Other debts (+€31,920)
- Receivables within one year +€12,973
up €12,973 (+42.4%), from €30,569 to €43,542
of which Trade receivables: +€25,346
- Tangible fixed assets -€8,803
down €8,803 (-2.3%), from €377,797 to €368,994
of which Land and buildings: -€17,097
- Trade debts +€43,534
up €43,534 (+145.9%), from €29,836 to €73,370
- Reserves -€34,000
down €34,000 (-16.0%), from €211,860 to €177,860
of which Distributable reserves: -€34,000
- Other debts +€31,920
up €31,920 (+66.4%), from €48,085 to €80,005
- Debts after one year -€18,901
down €18,901 (-7.2%), from €263,691 to €244,789
- Short-term financial debts -€8,321
down €8,321 (-91.8%), from €9,065 to €744
- Gross operating margin -€4,023
down €4,023 (-5.1%), from €78,352 to €74,329
- Taxes -€1,737
down €1,737 (-11.4%), from €15,223 to €13,486
- Financial charges -€1,250
down €1,250 (-12.1%), from €10,331 to €9,081
- Depreciation +€828
up €828 (+3.7%), from €22,516 to €23,343
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 | €668,439 | €686,720 | +€18,281 | +2.7% |
| Fixed assets | 21/28 | €377,797 | €368,994 | -€8,803 | -2.3% |
| Tangible fixed assets | 22/27 | €377,797 | €368,994 | -€8,803 | -2.3% |
| Land and buildings | 22 | €355,354 | €338,257 | -€17,097 | -4.8% |
| Plant, machinery and equipment | 23 | €11,210 | €9,785 | -€1,425 | -12.7% |
| Furniture and vehicles | 24 | €11,233 | €20,951 | +€9,718 | +86.5% |
| Current assets | 29/58 | €290,642 | €317,727 | +€27,084 | +9.3% |
| Stocks and contracts in progress | 3 | €160,359 | €159,167 | -€1,192 | -0.7% |
| Stocks | 30/36 | €160,359 | €159,167 | -€1,192 | -0.7% |
| Amounts receivable within one year | 40/41 | €30,569 | €43,542 | +€12,973 | +42.4% |
| Trade receivables | 40 | €6,727 | €32,073 | +€25,346 | +376.8% |
| Other amounts receivable | 41 | €23,842 | €11,469 | -€12,372 | -51.9% |
| Cash at bank and in hand | 54/58 | €99,612 | €115,017 | +€15,405 | +15.5% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €668,439 | €686,720 | +€18,281 | +2.7% |
| Equity | 10/15 | €275,217 | €242,357 | -€32,860 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,860 | €177,860 | -€34,000 | -16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €210,000 | €176,000 | -€34,000 | -16.2% |
| Profit (loss) carried forward | 14 | €44,757 | €45,897 | +€1,140 | +2.5% |
| Amounts payable | 17/49 | €393,223 | €444,363 | +€51,141 | +13.0% |
| Amounts payable after more than one year | 17 | €263,691 | €244,789 | -€18,901 | -7.2% |
| Financial debts | 170/4 | €263,691 | €244,789 | -€18,901 | -7.2% |
| Amounts payable within one year | 42/48 | €129,532 | €199,574 | +€70,042 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €18,353 | €18,901 | +€549 | +3.0% |
| Financial debts | 43 | €9,065 | €744 | -€8,321 | -91.8% |
| Credit institutions | 430/8 | €9,065 | €744 | -€8,321 | -91.8% |
| Trade debts | 44 | €29,836 | €73,370 | +€43,534 | +145.9% |
| Suppliers | 440/4 | €29,836 | €73,370 | +€43,534 | +145.9% |
| Taxes, remuneration and social security | 45 | €24,193 | €26,554 | +€2,361 | +9.8% |
| Taxes | 450/3 | €24,193 | €26,554 | +€2,361 | +9.8% |
| Other amounts payable | 47/48 | €48,085 | €80,005 | +€31,920 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,516 | €23,343 | +€828 | +3.7% |
| Other operating charges | 640/8 | €2,172 | €2,822 | +€650 | +29.9% |
| Gross operating margin | 9900 | €78,352 | €74,329 | -€4,023 | -5.1% |
| Operating profit (loss) | 9901 | €53,664 | €48,163 | -€5,501 | -10.3% |
| Financial income | 75/76B | €313 | €544 | +€230 | +73.4% |
| Recurring financial income | 75 | €313 | €544 | +€230 | +73.4% |
| Financial charges | 65/66B | €10,331 | €9,081 | -€1,250 | -12.1% |
| Recurring financial charges | 65 | €10,331 | €9,081 | -€1,250 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €43,647 | €39,626 | -€4,021 | -9.2% |
| Income taxes | 67/77 | €15,223 | €13,486 | -€1,737 | -11.4% |
| Profit (loss) for the period | 9904 | €28,423 | €26,140 | -€2,283 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,423 | €26,140 | -€2,283 | -8.0% |
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 6 October 2026 via checked.be.