CON CARNE: 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.
CON CARNE
Largest movements
- Current investments +€600,000
new in 2026: €600,000
- Cash -€138,712
down €138,712 (-51.7%), from €268,432 to €129,720
mainly Current investments (-€600,000) and Other debts (-€28,065)
- Tangible fixed assets -€136,751
down €136,751 (-100%), from €136,751 to €0
- Reserves +€271,643
up €271,643 (+110%), from €247,691 to €519,333
- Tax, wage and social debts +€79,751
up €79,751, from €0 to €79,751
- Other debts -€28,065
down €28,065 (-19.9%), from €141,346 to €113,280
- Gross operating margin +€386,001
up €386,001 (+619%), from €62,399 to €448,400
- Taxes +€139,637
up €139,637 (+17,674%), from €790 to €140,427
- Depreciation -€11,846
down €11,846 (-100%), from €11,846 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,670 | €735,785 | +€326,115 | +79.6% |
| Fixed assets | 21/28 | €136,751 | €0 | -€136,751 | -100% |
| Tangible fixed assets | 22/27 | €136,751 | €0 | -€136,751 | -100% |
| Land and buildings | 22 | €136,751 | €0 | -€136,751 | -100% |
| Current assets | 29/58 | €272,919 | €735,785 | +€462,866 | +170% |
| Amounts receivable within one year | 40/41 | €3,514 | €6,065 | +€2,551 | +72.6% |
| Trade receivables | 40 | €2,922 | €1,065 | -€1,858 | -63.6% |
| Other amounts receivable | 41 | €591 | €5,000 | +€4,409 | +746% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €268,432 | €129,720 | -€138,712 | -51.7% |
| Deferred charges and accrued income | 490/1 | €973 | €0 | -€973 | -100% |
| Total equity and liabilities | 10/49 | €409,670 | €735,785 | +€326,115 | +79.6% |
| Equity | 10/15 | €267,691 | €539,333 | +€271,643 | +101% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €247,691 | €519,333 | +€271,643 | +110% |
| Distributable reserves | 133 | €247,691 | €519,333 | +€271,643 | +110% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,979 | €196,452 | +€54,472 | +38.4% |
| Amounts payable within one year | 42/48 | €141,979 | €196,452 | +€54,472 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €633 | €3,407 | +€2,774 | +438% |
| Suppliers | 440/4 | €633 | €3,407 | +€2,774 | +438% |
| Advances received on contracts in progress | 46 | - | €12 | +€12 | |
| Taxes, remuneration and social security | 45 | €0 | €79,751 | +€79,751 | |
| Taxes | 450/3 | €0 | €79,751 | +€79,751 | |
| Other amounts payable | 47/48 | €141,346 | €113,280 | -€28,065 | -19.9% |
| Non-recurring operating income | 76A | - | €403,249 | +€403,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,846 | €0 | -€11,846 | -100% |
| Other operating charges | 640/8 | €11,734 | €11,949 | +€215 | +1.8% |
| Gross operating margin | 9900 | €62,399 | €448,400 | +€386,001 | +619% |
| Operating profit (loss) | 9901 | €38,820 | €436,451 | +€397,631 | +1,024% |
| Financial income | 75/76B | €1,143 | €2,504 | +€1,361 | +119% |
| Recurring financial income | 75 | €1,143 | €2,504 | +€1,361 | +119% |
| Financial charges | 65/66B | €3,479 | €7,440 | +€3,961 | +114% |
| Recurring financial charges | 65 | €3,479 | €7,440 | +€3,961 | +114% |
| Profit (loss) for the period before taxes | 9903 | €36,483 | €431,515 | +€395,032 | +1,083% |
| Income taxes | 67/77 | €790 | €140,427 | +€139,637 | +17,674% |
| Profit (loss) for the period | 9904 | €35,693 | €291,088 | +€255,395 | +716% |
| Profit (loss) for the period to be appropriated | 9905 | €35,693 | €291,088 | +€255,395 | +716% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.