Fin Concept: 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.
Fin Concept
Largest movements
- Cash +€54,941
up €54,941 (+337%), from €16,309 to €71,250
mainly Other debts (+€44,280) and Depreciation (+€19,530)
- Tangible fixed assets -€19,530
down €19,530 (-4.3%), from €459,395 to €439,865
of which Land and buildings: -€13,699
- Other debts +€44,280
up €44,280 (+295%), from €15,000 to €59,280
- Gross operating margin +€5,675
up €5,675 (+17.0%), from €33,312 to €38,987
- Taxes +€2,808
up €2,808 (+1,075%), from €261 to €3,069
- Financial charges +€680
up €680 (+10.6%), from €6,422 to €7,103
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 | €1,785,606 | €1,821,956 | +€36,350 | +2.0% |
| Fixed assets | 21/28 | €1,751,535 | €1,732,005 | -€19,530 | -1.1% |
| Tangible fixed assets | 22/27 | €459,395 | €439,865 | -€19,530 | -4.3% |
| Land and buildings | 22 | €441,947 | €428,248 | -€13,699 | -3.1% |
| Furniture and vehicles | 24 | €17,448 | €11,617 | -€5,831 | -33.4% |
| Financial fixed assets | 28 | €1,292,140 | €1,292,140 | = | 0.0% |
| Current assets | 29/58 | €34,071 | €89,951 | +€55,880 | +164% |
| Amounts receivable within one year | 40/41 | €5,836 | €14,616 | +€8,780 | +150% |
| Trade receivables | 40 | €242 | €14,610 | +€14,368 | +5,937% |
| Other amounts receivable | 41 | €5,594 | €6 | -€5,588 | -99.9% |
| Cash at bank and in hand | 54/58 | €16,309 | €71,250 | +€54,941 | +337% |
| Deferred charges and accrued income | 490/1 | €11,927 | €4,085 | -€7,841 | -65.7% |
| Total equity and liabilities | 10/49 | €1,785,606 | €1,821,956 | +€36,350 | +2.0% |
| Equity | 10/15 | €1,681,773 | €1,682,086 | +€313 | 0.0% |
| Contributions | 10/11 | €1,328,471 | €1,328,471 | = | 0.0% |
| Reserves | 13 | €384,535 | €384,848 | +€313 | +0.1% |
| Distributable reserves | 133 | €384,535 | €384,848 | +€313 | +0.1% |
| Profit (loss) carried forward | 14 | -€31,233 | -€31,233 | = | 0.0% |
| Amounts payable | 17/49 | €103,833 | €139,870 | +€36,037 | +34.7% |
| Amounts payable within one year | 42/48 | €103,833 | €139,870 | +€36,037 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €61,865 | €51,003 | -€10,863 | -17.6% |
| Trade debts | 44 | €21,802 | €14,812 | -€6,990 | -32.1% |
| Suppliers | 440/4 | €21,802 | €14,812 | -€6,990 | -32.1% |
| Taxes, remuneration and social security | 45 | €5,166 | €14,776 | +€9,610 | +186% |
| Taxes | 450/3 | €5,166 | €12,822 | +€7,656 | +148% |
| Remuneration and social security | 454/9 | - | €1,954 | +€1,954 | |
| Other amounts payable | 47/48 | €15,000 | €59,280 | +€44,280 | +295% |
| Remuneration, social security and pensions | 62 | €3,406 | €3,018 | -€388 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,768 | €19,530 | -€238 | -1.2% |
| Other operating charges | 640/8 | €6,100 | €5,958 | -€143 | -2.3% |
| Gross operating margin | 9900 | €33,312 | €38,987 | +€5,675 | +17.0% |
| Operating profit (loss) | 9901 | €4,038 | €10,482 | +€6,444 | +160% |
| Financial income | 75/76B | €42 | €3 | -€39 | -92.7% |
| Recurring financial income | 75 | €42 | €3 | -€39 | -92.7% |
| Financial charges | 65/66B | €6,422 | €7,103 | +€680 | +10.6% |
| Recurring financial charges | 65 | €6,422 | €7,103 | +€680 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,343 | €3,382 | +€5,725 | |
| Income taxes | 67/77 | €261 | €3,069 | +€2,808 | +1,075% |
| Profit (loss) for the period | 9904 | -€2,604 | €313 | +€2,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,604 | €313 | +€2,917 |
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 13 October 2026 via checked.be.