P-Concept-Construct: 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.
P-Concept-Construct
Largest movements
- Cash -€71,458
down €71,458 (-50.0%), from €142,978 to €71,520
mainly Contributions, distributions and other (-€95,636) and Other debts (-€77,604)
- Tangible fixed assets -€12,951
down €12,951 (-37.1%), from €34,943 to €21,992
of which Furniture and vehicles: -€11,506
- Other debts -€77,604
down €77,604 (-42.8%), from €181,287 to €103,683
- Tax, wage and social debts -€4,595
down €4,595 (-25.2%), from €18,250 to €13,655
of which Remuneration and social security: -€3,138
- Gross operating margin +€24,684
up €24,684 (+22.1%), from €111,546 to €136,230
- Taxes +€6,241
up €6,241 (+30.8%), from €20,259 to €26,500
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 | €203,947 | €120,796 | -€83,151 | -40.8% |
| Fixed assets | 21/28 | €34,943 | €21,992 | -€12,951 | -37.1% |
| Tangible fixed assets | 22/27 | €34,943 | €21,992 | -€12,951 | -37.1% |
| Plant, machinery and equipment | 23 | €2,788 | €1,343 | -€1,445 | -51.8% |
| Furniture and vehicles | 24 | €32,155 | €20,649 | -€11,506 | -35.8% |
| Current assets | 29/58 | €169,004 | €98,804 | -€70,200 | -41.5% |
| Amounts receivable within one year | 40/41 | €24,019 | €25,246 | +€1,227 | +5.1% |
| Trade receivables | 40 | €19,087 | €16,798 | -€2,289 | -12.0% |
| Other amounts receivable | 41 | €4,932 | €8,449 | +€3,517 | +71.3% |
| Cash at bank and in hand | 54/58 | €142,978 | €71,520 | -€71,458 | -50.0% |
| Deferred charges and accrued income | 490/1 | €2,007 | €2,038 | +€31 | +1.5% |
| Total equity and liabilities | 10/49 | €203,947 | €120,796 | -€83,151 | -40.8% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €200,947 | €117,796 | -€83,151 | -41.4% |
| Amounts payable within one year | 42/48 | €200,947 | €117,796 | -€83,151 | -41.4% |
| Trade debts | 44 | €1,410 | €458 | -€951 | -67.5% |
| Suppliers | 440/4 | €1,410 | €458 | -€951 | -67.5% |
| Taxes, remuneration and social security | 45 | €18,250 | €13,655 | -€4,595 | -25.2% |
| Taxes | 450/3 | €15,112 | €13,655 | -€1,457 | -9.6% |
| Remuneration and social security | 454/9 | €3,138 | €0 | -€3,138 | -100% |
| Other amounts payable | 47/48 | €181,287 | €103,683 | -€77,604 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,951 | €12,951 | = | 0.0% |
| Other operating charges | 640/8 | €1,116 | €1,141 | +€25 | +2.2% |
| Gross operating margin | 9900 | €111,546 | €136,230 | +€24,684 | +22.1% |
| Operating profit (loss) | 9901 | €97,479 | €122,138 | +€24,659 | +25.3% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | -€19 | €63 | +€82 | |
| Recurring financial charges | 65 | -€19 | €63 | +€82 | |
| Profit (loss) for the period before taxes | 9903 | €97,498 | €122,135 | +€24,637 | +25.3% |
| Income taxes | 67/77 | €20,259 | €26,500 | +€6,241 | +30.8% |
| Profit (loss) for the period | 9904 | €77,240 | €95,636 | +€18,396 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,240 | €95,636 | +€18,396 | +23.8% |
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 14 October 2026 via checked.be.