NEW-CONCEPTS: 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.
NEW-CONCEPTS
Largest movements
- Tangible fixed assets -€2,558
down €2,558 (-20.8%), from €12,326 to €9,768
- Cash -€2,553
down €2,553 (-17.2%), from €14,851 to €12,298
mainly Trade debts (-€2,383) and Other debts (-€2,036)
- Stocks and contracts +€926
up €926 (+24.5%), from €3,784 to €4,710
- Deferred charges and accrued income -€858
no longer reported in 2025 (was €858)
- Trade debts -€2,383
down €2,383 (-49.9%), from €4,779 to €2,396
- Other debts -€2,036
down €2,036 (-92.3%), from €2,205 to €169
- Debts after one year -€1,606
down €1,606 (-14.7%), from €10,945 to €9,339
- Profit (loss) carried forward +€1,558
up €1,558 (+4.2%), from €37,250 to €38,808
- Tax, wage and social debts -€788
down €788 (-42.8%), from €1,842 to €1,055
- Gross operating margin -€4,223
down €4,223 (-39.4%), from €10,716 to €6,493
- Other operating charges -€1,312
down €1,312 (-54.8%), from €2,396 to €1,084
- Depreciation +€287
up €287 (+12.6%), from €2,271 to €2,558
- Financial charges -€213
down €213 (-16.6%), from €1,283 to €1,070
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 | €63,037 | €57,872 | -€5,165 | -8.2% |
| Fixed assets | 21/28 | €12,326 | €9,768 | -€2,558 | -20.8% |
| Tangible fixed assets | 22/27 | €12,326 | €9,768 | -€2,558 | -20.8% |
| Leasing and similar rights | 25 | €12,326 | €9,768 | -€2,558 | -20.8% |
| Current assets | 29/58 | €50,711 | €48,104 | -€2,607 | -5.1% |
| Stocks and contracts in progress | 3 | €3,784 | €4,710 | +€926 | +24.5% |
| Stocks | 30/36 | €3,784 | €4,710 | +€926 | +24.5% |
| Amounts receivable within one year | 40/41 | €31,219 | €31,096 | -€123 | -0.4% |
| Trade receivables | 40 | €31,219 | €31,096 | -€123 | -0.4% |
| Cash at bank and in hand | 54/58 | €14,851 | €12,298 | -€2,553 | -17.2% |
| Deferred charges and accrued income | 490/1 | €858 | - | -€858 | |
| Total equity and liabilities | 10/49 | €63,037 | €57,872 | -€5,165 | -8.2% |
| Equity | 10/15 | €41,750 | €43,308 | +€1,558 | +3.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,250 | €38,808 | +€1,558 | +4.2% |
| Amounts payable | 17/49 | €21,287 | €14,564 | -€6,723 | -31.6% |
| Amounts payable after more than one year | 17 | €10,945 | €9,339 | -€1,606 | -14.7% |
| Financial debts | 170/4 | €10,945 | €9,339 | -€1,606 | -14.7% |
| Amounts payable within one year | 42/48 | €10,342 | €5,225 | -€5,117 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €1,515 | €1,606 | +€91 | +6.0% |
| Trade debts | 44 | €4,779 | €2,396 | -€2,383 | -49.9% |
| Suppliers | 440/4 | €4,779 | €2,396 | -€2,383 | -49.9% |
| Taxes, remuneration and social security | 45 | €1,842 | €1,055 | -€788 | -42.8% |
| Taxes | 450/3 | €1,842 | €1,055 | -€788 | -42.8% |
| Other amounts payable | 47/48 | €2,205 | €169 | -€2,036 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,271 | €2,558 | +€287 | +12.6% |
| Other operating charges | 640/8 | €2,396 | €1,084 | -€1,312 | -54.8% |
| Non-recurring operating charges | 66A | €618 | - | -€618 | |
| Gross operating margin | 9900 | €10,716 | €6,493 | -€4,223 | -39.4% |
| Operating profit (loss) | 9901 | €5,431 | €2,851 | -€2,580 | -47.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,283 | €1,070 | -€213 | -16.6% |
| Recurring financial charges | 65 | €1,283 | €1,070 | -€213 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €4,148 | €1,783 | -€2,365 | -57.0% |
| Income taxes | 67/77 | €132 | €225 | +€93 | +70.7% |
| Profit (loss) for the period | 9904 | €4,017 | €1,558 | -€2,458 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,017 | €1,558 | -€2,458 | -61.2% |
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.