THE CONCORD GROUP: 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.
THE CONCORD GROUP
Largest movements
- Receivables within one year -€55,888
down €55,888 (-21.9%), from €255,318 to €199,430
of which Other amounts receivable: -€71,732
- Cash +€39,312
up €39,312 (+150%), from €26,294 to €65,606
mainly Receivables within one year (+€55,888) and Net result for the year (+€14,858)
- Trade debts -€47,837
down €47,837 (-76.2%), from €62,750 to €14,914
- Reserves +€14,858
up €14,858 (+1.5%), from €1.0m to €1.0m
of which Distributable reserves: +€14,858
- Financial income -€4,638
down €4,638 (-29.0%), from €16,000 to €11,362
- Gross operating margin +€4,015
up €4,015 (+18.9%), from €21,257 to €25,272
- Other operating charges -€1,430
down €1,430 (-28.5%), from €5,021 to €3,591
- Financial charges -€1,284
down €1,284 (-13.1%), from €9,813 to €8,529
- Depreciation +€358
up €358 (+4.1%), from €8,806 to €9,164
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 | €1,314,137 | €1,285,728 | -€28,409 | -2.2% |
| Fixed assets | 21/28 | €1,008,763 | €1,008,255 | -€508 | -0.1% |
| Intangible fixed assets | 21 | €481,676 | €479,797 | -€1,879 | -0.4% |
| Tangible fixed assets | 22/27 | €526,492 | €527,863 | +€1,371 | +0.3% |
| Land and buildings | 22 | €516,891 | €515,746 | -€1,146 | -0.2% |
| Plant, machinery and equipment | 23 | €742 | €205 | -€537 | -72.3% |
| Furniture and vehicles | 24 | €7,805 | €608 | -€7,197 | -92.2% |
| Other tangible fixed assets | 26 | €1,053 | €11,303 | +€10,250 | +973% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €305,374 | €277,473 | -€27,901 | -9.1% |
| Amounts receivable within one year | 40/41 | €255,318 | €199,430 | -€55,888 | -21.9% |
| Trade receivables | 40 | €55,935 | €71,779 | +€15,845 | +28.3% |
| Other amounts receivable | 41 | €199,383 | €127,651 | -€71,732 | -36.0% |
| Cash at bank and in hand | 54/58 | €26,294 | €65,606 | +€39,312 | +150% |
| Deferred charges and accrued income | 490/1 | €23,762 | €12,437 | -€11,325 | -47.7% |
| Total equity and liabilities | 10/49 | €1,314,137 | €1,285,728 | -€28,409 | -2.2% |
| Equity | 10/15 | €1,015,717 | €1,030,575 | +€14,858 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,009,517 | €1,024,375 | +€14,858 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,007,657 | €1,022,515 | +€14,858 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €298,420 | €255,153 | -€43,267 | -14.5% |
| Amounts payable within one year | 42/48 | €296,392 | €245,944 | -€50,448 | -17.0% |
| Trade debts | 44 | €62,750 | €14,914 | -€47,837 | -76.2% |
| Suppliers | 440/4 | €62,750 | €14,914 | -€47,837 | -76.2% |
| Taxes, remuneration and social security | 45 | €10,666 | €1,324 | -€9,342 | -87.6% |
| Taxes | 450/3 | €10,666 | €1,324 | -€9,342 | -87.6% |
| Other amounts payable | 47/48 | €222,975 | €229,706 | +€6,731 | +3.0% |
| Accrued charges and deferred income | 492/3 | €2,028 | €9,209 | +€7,181 | +354% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,806 | €9,164 | +€358 | +4.1% |
| Other operating charges | 640/8 | €5,021 | €3,591 | -€1,430 | -28.5% |
| Gross operating margin | 9900 | €21,257 | €25,272 | +€4,015 | +18.9% |
| Operating profit (loss) | 9901 | €7,430 | €12,516 | +€5,086 | +68.5% |
| Financial income | 75/76B | €16,000 | €11,362 | -€4,638 | -29.0% |
| Recurring financial income | 75 | €16,000 | €11,362 | -€4,638 | -29.0% |
| Financial charges | 65/66B | €9,813 | €8,529 | -€1,284 | -13.1% |
| Recurring financial charges | 65 | €9,813 | €8,529 | -€1,284 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €13,617 | €15,349 | +€1,733 | +12.7% |
| Income taxes | 67/77 | €314 | €491 | +€177 | +56.2% |
| Profit (loss) for the period | 9904 | €13,302 | €14,858 | +€1,556 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,302 | €14,858 | +€1,556 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.