STUDY CONCRETE ELEMENTS: 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.
STUDY CONCRETE ELEMENTS
Largest movements
- Tangible fixed assets -€226,706
down €226,706 (-10.7%), from €2.1m to €1.9m
of which Plant, machinery and equipment: -€137,955
- Receivables within one year +€138,147
up €138,147 (+31.3%), from €441,366 to €579,513
- Debts after one year -€220,301
down €220,301 (-14.5%), from €1.5m to €1.3m
- Other debts +€125,000
up €125,000 (+167%), from €75,000 to €200,000
- Tax, wage and social debts +€33,301
up €33,301 (+29.9%), from €111,458 to €144,759
of which Taxes: +€27,610
- Reserves -€29,560
down €29,560 (-5.6%), from €529,742 to €500,183
of which Distributable reserves: -€27,700
- Gross operating margin +€159,138
up €159,138 (+22.0%), from €722,769 to €881,907
- Staff costs +€81,452
up €81,452 (+107%), from €76,309 to €157,761
- Taxes +€28,307
up €28,307 (+45.7%), from €61,924 to €90,231
- Depreciation -€23,945
down €23,945 (-6.6%), from €362,987 to €339,042
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 | €2,593,849 | €2,506,152 | -€87,697 | -3.4% |
| Fixed assets | 21/28 | €2,113,476 | €1,886,771 | -€226,706 | -10.7% |
| Tangible fixed assets | 22/27 | €2,113,311 | €1,886,606 | -€226,706 | -10.7% |
| Plant, machinery and equipment | 23 | €1,578,207 | €1,440,252 | -€137,955 | -8.7% |
| Furniture and vehicles | 24 | €71,644 | €41,891 | -€29,753 | -41.5% |
| Leasing and similar rights | 25 | €463,460 | €404,462 | -€58,998 | -12.7% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €480,373 | €619,381 | +€139,009 | +28.9% |
| Amounts receivable within one year | 40/41 | €441,366 | €579,513 | +€138,147 | +31.3% |
| Trade receivables | 40 | €441,366 | €579,513 | +€138,147 | +31.3% |
| Cash at bank and in hand | 54/58 | €34,494 | €39,349 | +€4,855 | +14.1% |
| Deferred charges and accrued income | 490/1 | €4,512 | €520 | -€3,993 | -88.5% |
| Total equity and liabilities | 10/49 | €2,593,849 | €2,506,152 | -€87,697 | -3.4% |
| Equity | 10/15 | €598,342 | €568,783 | -€29,560 | -4.9% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €529,742 | €500,183 | -€29,560 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €527,882 | €500,183 | -€27,700 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,995,507 | €1,937,370 | -€58,137 | -2.9% |
| Amounts payable after more than one year | 17 | €1,516,490 | €1,296,189 | -€220,301 | -14.5% |
| Financial debts | 170/4 | €1,516,490 | €1,296,189 | -€220,301 | -14.5% |
| Amounts payable within one year | 42/48 | €479,017 | €641,181 | +€162,164 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €265,843 | €267,660 | +€1,817 | +0.7% |
| Financial debts | 43 | - | €13,333 | +€13,333 | |
| Credit institutions | 430/8 | - | €13,333 | +€13,333 | |
| Trade debts | 44 | €26,715 | €15,428 | -€11,287 | -42.2% |
| Suppliers | 440/4 | €26,715 | €15,428 | -€11,287 | -42.2% |
| Taxes, remuneration and social security | 45 | €111,458 | €144,759 | +€33,301 | +29.9% |
| Taxes | 450/3 | €98,510 | €126,120 | +€27,610 | +28.0% |
| Remuneration and social security | 454/9 | €12,949 | €18,640 | +€5,691 | +44.0% |
| Other amounts payable | 47/48 | €75,000 | €200,000 | +€125,000 | +167% |
| Remuneration, social security and pensions | 62 | €76,309 | €157,761 | +€81,452 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362,987 | €339,042 | -€23,945 | -6.6% |
| Other operating charges | 640/8 | €3,289 | €3,239 | -€50 | -1.5% |
| Gross operating margin | 9900 | €722,769 | €881,907 | +€159,138 | +22.0% |
| Operating profit (loss) | 9901 | €280,185 | €381,865 | +€101,680 | +36.3% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €21,882 | €21,198 | -€684 | -3.1% |
| Recurring financial charges | 65 | €21,882 | €21,198 | -€684 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €258,303 | €360,671 | +€102,369 | +39.6% |
| Income taxes | 67/77 | €61,924 | €90,231 | +€28,307 | +45.7% |
| Profit (loss) for the period | 9904 | €196,379 | €270,440 | +€74,062 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,379 | €270,440 | +€74,062 | +37.7% |
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 15 October 2026 via checked.be.