NL CONCEPTION: 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.
NL CONCEPTION
Largest movements
- Receivables within one year +€41,418
up €41,418 (+145.5%), from €28,472 to €69,891
of which Trade receivables: +€42,340
- Tangible fixed assets +€5,321
up €5,321 (+493.5%), from €1,078 to €6,400
- Deferred charges and accrued income +€4,929
up €4,929 (+4010.5%), from €123 to €5,052
- Cash -€1,605
down €1,605 (-76.9%), from €2,087 to €482
mainly Receivables within one year (-€41,418) and Accrued charges and deferred income (-€7,884)
- Trade debts +€50,344
up €50,344 (+287.0%), from €17,539 to €67,883
- Accrued charges and deferred income -€7,884
no longer reported in 2025 (was €7,884)
- Advances received +€3,363
new in 2025: €3,363
- Reserves +€2,632
up €2,632 (+99.0%), from €2,657 to €5,289
- Other debts +€1,014
up €1,014 (+331.9%), from €305 to €1,319
- Gross operating margin +€2,082
up €2,082 (+45.9%), from €4,536 to €6,618
- Depreciation +€1,516
up €1,516 (+388.1%), from €391 to €1,907
- Other operating charges +€715
up €715 (+473.7%), from €151 to €866
- Financial income +€107
new in 2025: €107
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 | €32,636 | €82,349 | +€49,714 | +152.3% |
| Formation expenses | 20 | €875 | €525 | -€350 | -40.0% |
| Fixed assets | 21/28 | €1,078 | €6,400 | +€5,321 | +493.5% |
| Tangible fixed assets | 22/27 | €1,078 | €6,400 | +€5,321 | +493.5% |
| Plant, machinery and equipment | 23 | €1,078 | €6,400 | +€5,321 | +493.5% |
| Current assets | 29/58 | €30,682 | €75,425 | +€44,743 | +145.8% |
| Amounts receivable within one year | 40/41 | €28,472 | €69,891 | +€41,418 | +145.5% |
| Trade receivables | 40 | €27,542 | €69,882 | +€42,340 | +153.7% |
| Other amounts receivable | 41 | €930 | €8 | -€922 | -99.1% |
| Cash at bank and in hand | 54/58 | €2,087 | €482 | -€1,605 | -76.9% |
| Deferred charges and accrued income | 490/1 | €123 | €5,052 | +€4,929 | +4010.5% |
| Total equity and liabilities | 10/49 | €32,636 | €82,349 | +€49,714 | +152.3% |
| Equity | 10/15 | €5,657 | €8,289 | +€2,632 | +46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,657 | €5,289 | +€2,632 | +99.0% |
| Distributable reserves | 133 | €2,657 | €5,289 | +€2,632 | +99.0% |
| Amounts payable | 17/49 | €26,978 | €74,061 | +€47,082 | +174.5% |
| Amounts payable within one year | 42/48 | €19,094 | €74,061 | +€54,966 | +287.9% |
| Trade debts | 44 | €17,539 | €67,883 | +€50,344 | +287.0% |
| Suppliers | 440/4 | €17,539 | €67,883 | +€50,344 | +287.0% |
| Advances received on contracts in progress | 46 | - | €3,363 | +€3,363 | |
| Taxes, remuneration and social security | 45 | €1,250 | €1,496 | +€246 | +19.7% |
| Taxes | 450/3 | €1,250 | €1,496 | +€246 | +19.7% |
| Other amounts payable | 47/48 | €305 | €1,319 | +€1,014 | +331.9% |
| Accrued charges and deferred income | 492/3 | €7,884 | - | -€7,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €1,907 | +€1,516 | +388.1% |
| Other operating charges | 640/8 | €151 | €866 | +€715 | +473.7% |
| Gross operating margin | 9900 | €4,536 | €6,618 | +€2,082 | +45.9% |
| Operating profit (loss) | 9901 | €3,995 | €3,845 | -€149 | -3.7% |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €87 | €102 | +€15 | +17.4% |
| Recurring financial charges | 65 | €87 | €102 | +€15 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €3,907 | €3,850 | -€58 | -1.5% |
| Income taxes | 67/77 | €1,250 | €1,218 | -€32 | -2.6% |
| Profit (loss) for the period | 9904 | €2,657 | €2,632 | -€26 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,657 | €2,632 | -€26 | -1.0% |
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 9 October 2026 via checked.be.