N-CONCEPTS: 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.
N-CONCEPTS
Largest movements
- Tangible fixed assets -€84,613
down €84,613 (-27.1%), from €312,724 to €228,111
of which Land and buildings: -€79,952
- Receivables within one year -€39,867
down €39,867 (-24.9%), from €160,161 to €120,294
of which Trade receivables: -€69,885
- Advances received -€54,222
down €54,222 (-27.3%), from €198,850 to €144,628
- Debts after one year -€50,491
down €50,491 (-21.3%), from €236,993 to €186,502
of which Financial debts: -€30,491
- Other debts -€41,072
down €41,072 (-45.5%), from €90,296 to €49,224
- Profit (loss) carried forward +€19,306
up €19,306, from -€9,659 to €9,647
- Tax, wage and social debts +€8,922
up €8,922 (+81.3%), from €10,979 to €19,901
of which Taxes: +€13,214
- Gross operating margin +€49,619
up €49,619 (+137%), from €36,322 to €85,941
- Depreciation -€7,176
down €7,176 (-28.4%), from €25,255 to €18,079
- Taxes +€7,076
up €7,076, from -€4,366 to €2,710
- Staff costs +€5,299
up €5,299 (+19.0%), from €27,843 to €33,142
- Other operating charges +€3,711
up €3,711 (+76.5%), from €4,850 to €8,561
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 | €593,594 | €473,653 | -€119,942 | -20.2% |
| Fixed assets | 21/28 | €313,980 | €229,367 | -€84,613 | -26.9% |
| Tangible fixed assets | 22/27 | €312,724 | €228,111 | -€84,613 | -27.1% |
| Land and buildings | 22 | €302,828 | €222,876 | -€79,952 | -26.4% |
| Furniture and vehicles | 24 | €3,509 | €3,264 | -€244 | -7.0% |
| Other tangible fixed assets | 26 | €6,387 | €1,970 | -€4,417 | -69.2% |
| Financial fixed assets | 28 | €1,256 | €1,256 | = | 0.0% |
| Current assets | 29/58 | €279,615 | €244,286 | -€35,329 | -12.6% |
| Amounts receivable within one year | 40/41 | €160,161 | €120,294 | -€39,867 | -24.9% |
| Trade receivables | 40 | €141,707 | €71,822 | -€69,885 | -49.3% |
| Other amounts receivable | 41 | €18,454 | €48,472 | +€30,018 | +163% |
| Cash at bank and in hand | 54/58 | €118,624 | €123,992 | +€5,368 | +4.5% |
| Deferred charges and accrued income | 490/1 | €830 | - | -€830 | |
| Total equity and liabilities | 10/49 | €593,594 | €473,653 | -€119,942 | -20.2% |
| Equity | 10/15 | €10,341 | €29,647 | +€19,306 | +187% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,659 | €9,647 | +€19,306 | |
| Amounts payable | 17/49 | €583,253 | €444,005 | -€139,248 | -23.9% |
| Amounts payable after more than one year | 17 | €236,993 | €186,502 | -€50,491 | -21.3% |
| Financial debts | 170/4 | €216,993 | €186,502 | -€30,491 | -14.1% |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €346,110 | €257,504 | -€88,606 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €27,456 | €28,296 | +€841 | +3.1% |
| Financial debts | 43 | €42 | €2,398 | +€2,356 | +5,666% |
| Credit institutions | 430/8 | €42 | €2,398 | +€2,356 | +5,666% |
| Trade debts | 44 | €18,488 | €13,057 | -€5,431 | -29.4% |
| Suppliers | 440/4 | €18,488 | €13,057 | -€5,431 | -29.4% |
| Advances received on contracts in progress | 46 | €198,850 | €144,628 | -€54,222 | -27.3% |
| Taxes, remuneration and social security | 45 | €10,979 | €19,901 | +€8,922 | +81.3% |
| Taxes | 450/3 | €2,536 | €15,750 | +€13,214 | +521% |
| Remuneration and social security | 454/9 | €8,443 | €4,151 | -€4,293 | -50.8% |
| Other amounts payable | 47/48 | €90,296 | €49,224 | -€41,072 | -45.5% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Remuneration, social security and pensions | 62 | €27,843 | €33,142 | +€5,299 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,255 | €18,079 | -€7,176 | -28.4% |
| Other operating charges | 640/8 | €4,850 | €8,561 | +€3,711 | +76.5% |
| Gross operating margin | 9900 | €36,322 | €85,941 | +€49,619 | +137% |
| Operating profit (loss) | 9901 | -€21,627 | €26,158 | +€47,785 | |
| Financial income | 75/76B | €1,793 | €2,771 | +€978 | +54.6% |
| Recurring financial income | 75 | €1,793 | €2,771 | +€978 | +54.6% |
| Financial charges | 65/66B | €8,974 | €6,914 | -€2,060 | -23.0% |
| Recurring financial charges | 65 | €8,974 | €6,914 | -€2,060 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,809 | €22,016 | +€50,824 | |
| Income taxes | 67/77 | -€4,366 | €2,710 | +€7,076 | |
| Profit (loss) for the period | 9904 | -€24,443 | €19,306 | +€43,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,443 | €19,306 | +€43,748 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.