RECONCEPT: 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.
RECONCEPT
Largest movements
- Tangible fixed assets -€307,920
down €307,920 (-99.6%), from €309,112 to €1,193
of which Land and buildings: -€301,488
- Receivables within one year +€19,985
up €19,985 (+30.2%), from €66,083 to €86,068
of which Trade receivables: +€13,915
- Debts after one year -€299,496
down €299,496 (-100.0%), from €299,496 to €0
- Trade debts +€47,211
up €47,211 (+176.9%), from €26,695 to €73,905
- Current portion of long-term debt -€33,809
down €33,809 (-100.0%), from €33,809 to €0
- Reserves +€15,053
up €15,053 (+39.9%), from €37,769 to €52,822
- Tax, wage and social debts -€13,740
down €13,740 (-54.2%), from €25,352 to €11,612
- Gross operating margin +€26,622
up €26,622 (+63.3%), from €42,061 to €68,683
- Depreciation -€20,760
down €20,760 (-92.6%), from €22,409 to €1,649
- Taxes -€19,848
down €19,848, from €14,781 to -€5,067
- Financial charges -€5,488
down €5,488 (-60.3%), from €9,104 to €3,616
- Other operating charges -€2,317
down €2,317 (-46.7%), from €4,965 to €2,649
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 | €445,748 | €156,014 | -€289,734 | -65.0% |
| Fixed assets | 21/28 | €377,112 | €67,193 | -€309,920 | -82.2% |
| Tangible fixed assets | 22/27 | €309,112 | €1,193 | -€307,920 | -99.6% |
| Land and buildings | 22 | €301,488 | €0 | -€301,488 | -100.0% |
| Plant, machinery and equipment | 23 | €4,783 | €0 | -€4,783 | -100.0% |
| Furniture and vehicles | 24 | €2,841 | €1,193 | -€1,649 | -58.0% |
| Financial fixed assets | 28 | €68,000 | €66,000 | -€2,000 | -2.9% |
| Current assets | 29/58 | €68,636 | €88,821 | +€20,186 | +29.4% |
| Amounts receivable within one year | 40/41 | €66,083 | €86,068 | +€19,985 | +30.2% |
| Trade receivables | 40 | €13,915 | €27,830 | +€13,915 | +100.0% |
| Other amounts receivable | 41 | €52,168 | €58,238 | +€6,070 | +11.6% |
| Cash at bank and in hand | 54/58 | €1,292 | €1,905 | +€613 | +47.5% |
| Deferred charges and accrued income | 490/1 | €1,261 | €849 | -€412 | -32.7% |
| Total equity and liabilities | 10/49 | €445,748 | €156,014 | -€289,734 | -65.0% |
| Equity | 10/15 | €55,039 | €70,093 | +€15,053 | +27.4% |
| Reserves | 13 | €37,769 | €52,822 | +€15,053 | +39.9% |
| Distributable reserves | 133 | €37,769 | €52,822 | +€15,053 | +39.9% |
| Profit (loss) carried forward | 14 | €17,271 | €17,271 | = | 0.0% |
| Amounts payable | 17/49 | €390,708 | €85,921 | -€304,787 | -78.0% |
| Amounts payable after more than one year | 17 | €299,496 | €0 | -€299,496 | -100.0% |
| Financial debts | 170/4 | €299,496 | €0 | -€299,496 | -100.0% |
| Amounts payable within one year | 42/48 | €91,212 | €85,921 | -€5,291 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €33,809 | €0 | -€33,809 | -100.0% |
| Financial debts | 43 | €5,357 | €404 | -€4,953 | -92.5% |
| Credit institutions | 430/8 | €5,357 | €404 | -€4,953 | -92.5% |
| Trade debts | 44 | €26,695 | €73,905 | +€47,211 | +176.9% |
| Suppliers | 440/4 | €26,695 | €73,905 | +€47,211 | +176.9% |
| Taxes, remuneration and social security | 45 | €25,352 | €11,612 | -€13,740 | -54.2% |
| Taxes | 450/3 | €25,352 | €11,612 | -€13,740 | -54.2% |
| Non-recurring operating income | 76A | - | €94,267 | +€94,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,409 | €1,649 | -€20,760 | -92.6% |
| Other operating charges | 640/8 | €4,965 | €2,649 | -€2,317 | -46.7% |
| Non-recurring operating charges | 66A | - | €50,783 | +€50,783 | |
| Gross operating margin | 9900 | €42,061 | €68,683 | +€26,622 | +63.3% |
| Operating profit (loss) | 9901 | €14,686 | €13,603 | -€1,084 | -7.4% |
| Financial charges | 65/66B | €9,104 | €3,616 | -€5,488 | -60.3% |
| Recurring financial charges | 65 | €9,104 | €3,616 | -€5,488 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €5,583 | €9,987 | +€4,404 | +78.9% |
| Income taxes | 67/77 | €14,781 | -€5,067 | -€19,848 | |
| Profit (loss) for the period | 9904 | -€9,198 | €15,053 | +€24,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,198 | €15,053 | +€24,251 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.