R-CONCEPT: 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.
R-CONCEPT
Largest movements
- Cash -€776,064
down €776,064 (-58.6%), from €1.3m to €547,256
mainly Contributions, distributions and other (-€771,000) and Tax, wage and social debts (-€331,352)
- Stocks and contracts -€258,889
down €258,889 (-24.4%), from €1.1m to €800,145
- Tangible fixed assets -€253,319
down €253,319 (-16.0%), from €1.6m to €1.3m
- Profit (loss) carried forward -€755,677
down €755,677 (-24.6%), from €3.1m to €2.3m
- Tax, wage and social debts -€331,352
down €331,352 (-60.0%), from €551,821 to €220,469
of which Taxes: -€316,067
- Debts after one year -€157,618
down €157,618 (-25.1%), from €628,808 to €471,190
- Current portion of long-term debt -€90,097
down €90,097 (-27.7%), from €325,342 to €235,245
- Gross operating margin -€115,679
down €115,679 (-4.2%), from €2.7m to €2.6m
- Staff costs -€77,192
down €77,192 (-3.4%), from €2.3m to €2.2m
- Depreciation -€41,667
down €41,667 (-11.5%), from €363,754 to €322,087
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,902,408 | €4,611,908 | -€1.3m | -21.9% |
| Fixed assets | 21/28 | €1,589,500 | €1,336,181 | -€253,319 | -15.9% |
| Tangible fixed assets | 22/27 | €1,584,198 | €1,330,879 | -€253,319 | -16.0% |
| Plant, machinery and equipment | 23 | €96,409 | €65,382 | -€31,027 | -32.2% |
| Furniture and vehicles | 24 | €120,740 | €117,362 | -€3,378 | -2.8% |
| Leasing and similar rights | 25 | €539,092 | €436,923 | -€102,169 | -19.0% |
| Other tangible fixed assets | 26 | €827,957 | €711,212 | -€116,745 | -14.1% |
| Financial fixed assets | 28 | €5,302 | €5,302 | = | 0.0% |
| Current assets | 29/58 | €4,312,908 | €3,275,726 | -€1.0m | -24.0% |
| Stocks and contracts in progress | 3 | €1,059,034 | €800,145 | -€258,889 | -24.4% |
| Stocks | 30/36 | €1,059,034 | €800,145 | -€258,889 | -24.4% |
| Amounts receivable within one year | 40/41 | €1,904,023 | €1,898,740 | -€5,282 | -0.3% |
| Trade receivables | 40 | €1,765,898 | €1,494,179 | -€271,719 | -15.4% |
| Other amounts receivable | 41 | €138,125 | €404,561 | +€266,437 | +192.9% |
| Cash at bank and in hand | 54/58 | €1,323,321 | €547,256 | -€776,064 | -58.6% |
| Deferred charges and accrued income | 490/1 | €26,530 | €29,584 | +€3,054 | +11.5% |
| Total equity and liabilities | 10/49 | €5,902,408 | €4,611,908 | -€1.3m | -21.9% |
| Equity | 10/15 | €3,534,680 | €2,779,003 | -€755,677 | -21.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €399,200 | €399,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €249,200 | €249,200 | = | 0.0% |
| Distributable reserves | 133 | €143,700 | €143,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,072,480 | €2,316,803 | -€755,677 | -24.6% |
| Amounts payable | 17/49 | €2,367,728 | €1,832,905 | -€534,823 | -22.6% |
| Amounts payable after more than one year | 17 | €628,808 | €471,190 | -€157,618 | -25.1% |
| Financial debts | 170/4 | €628,808 | €471,190 | -€157,618 | -25.1% |
| Amounts payable within one year | 42/48 | €1,380,919 | €955,714 | -€425,205 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €325,342 | €235,245 | -€90,097 | -27.7% |
| Trade debts | 44 | €503,546 | €499,790 | -€3,757 | -0.7% |
| Suppliers | 440/4 | €503,546 | €499,790 | -€3,757 | -0.7% |
| Taxes, remuneration and social security | 45 | €551,821 | €220,469 | -€331,352 | -60.0% |
| Taxes | 450/3 | €364,582 | €48,515 | -€316,067 | -86.7% |
| Remuneration and social security | 454/9 | €187,239 | €171,955 | -€15,285 | -8.2% |
| Other amounts payable | 47/48 | €210 | €210 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €358,000 | €406,000 | +€48,000 | +13.4% |
| Remuneration, social security and pensions | 62 | €2,266,646 | €2,189,453 | -€77,192 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,754 | €322,087 | -€41,667 | -11.5% |
| Other operating charges | 640/8 | €23,612 | €21,128 | -€2,483 | -10.5% |
| Gross operating margin | 9900 | €2,724,795 | €2,609,117 | -€115,679 | -4.2% |
| Operating profit (loss) | 9901 | €70,784 | €76,448 | +€5,664 | +8.0% |
| Financial income | 75/76B | €71 | €1 | -€69 | -98.1% |
| Recurring financial income | 75 | €71 | €1 | -€69 | -98.1% |
| Financial charges | 65/66B | €33,103 | €26,741 | -€6,362 | -19.2% |
| Recurring financial charges | 65 | €33,103 | €26,741 | -€6,362 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €37,752 | €49,708 | +€11,956 | +31.7% |
| Income taxes | 67/77 | €32,017 | €34,385 | +€2,368 | +7.4% |
| Profit (loss) for the period | 9904 | €5,735 | €15,323 | +€9,588 | +167.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,735 | €15,323 | +€9,588 | +167.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.