CONS-EPT: 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.
CONS-EPT
Largest movements
- Tangible fixed assets -€45,716
down €45,716 (-3.6%), from €1.3m to €1.2m
of which Land and buildings: -€52,292
- Cash -€21,196
down €21,196 (-30.3%), from €69,934 to €48,738
mainly Trade debts (-€62,859) and Debts after one year (-€53,318)
- Receivables within one year -€18,006
down €18,006 (-24.1%), from €74,749 to €56,743
of which Trade receivables: -€29,024
- Trade debts -€62,859
down €62,859 (-97.5%), from €64,502 to €1,643
- Debts after one year -€53,318
down €53,318 (-6.0%), from €895,921 to €842,603
- Reserves +€52,094
up €52,094 (+16.8%), from €310,725 to €362,819
of which Distributable reserves: +€124,542
- Other debts -€19,109
down €19,109 (-100.0%), from €19,109 to €0
- Provisions -€18,112
down €18,112 (-100.0%), from €18,112 to €0
- Gross operating margin +€18,363
up €18,363 (+13.8%), from €133,114 to €151,478
- Other operating charges +€6,656
up €6,656 (+301.1%), from €2,211 to €8,867
- Taxes +€6,250
up €6,250 (+28.3%), from €22,111 to €28,361
- Financial charges -€3,221
down €3,221 (-14.0%), from €22,936 to €19,715
- Depreciation +€2,324
up €2,324 (+4.4%), from €53,050 to €55,374
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 | €1,419,843 | €1,334,926 | -€84,917 | -6.0% |
| Fixed assets | 21/28 | €1,275,161 | €1,229,445 | -€45,716 | -3.6% |
| Tangible fixed assets | 22/27 | €1,275,161 | €1,229,445 | -€45,716 | -3.6% |
| Land and buildings | 22 | €1,268,678 | €1,216,386 | -€52,292 | -4.1% |
| Plant, machinery and equipment | 23 | €3,206 | €3,992 | +€786 | +24.5% |
| Furniture and vehicles | 24 | €3,277 | €9,066 | +€5,790 | +176.7% |
| Current assets | 29/58 | €144,683 | €105,481 | -€39,202 | -27.1% |
| Amounts receivable within one year | 40/41 | €74,749 | €56,743 | -€18,006 | -24.1% |
| Trade receivables | 40 | €74,140 | €45,116 | -€29,024 | -39.1% |
| Other amounts receivable | 41 | €610 | €11,627 | +€11,018 | +1807.6% |
| Cash at bank and in hand | 54/58 | €69,934 | €48,738 | -€21,196 | -30.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,419,843 | €1,334,926 | -€84,917 | -6.0% |
| Equity | 10/15 | €329,325 | €381,419 | +€52,094 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €310,725 | €362,819 | +€52,094 | +16.8% |
| Tax-exempt reserves | 132 | €72,448 | €0 | -€72,448 | -100.0% |
| Distributable reserves | 133 | €238,277 | €362,819 | +€124,542 | +52.3% |
| Provisions and deferred taxes | 16 | €18,112 | €0 | -€18,112 | -100.0% |
| Deferred taxes | 168 | €18,112 | €0 | -€18,112 | -100.0% |
| Amounts payable | 17/49 | €1,072,406 | €953,507 | -€118,900 | -11.1% |
| Amounts payable after more than one year | 17 | €895,921 | €842,603 | -€53,318 | -6.0% |
| Financial debts | 170/4 | €895,921 | €842,603 | -€53,318 | -6.0% |
| Amounts payable within one year | 42/48 | €176,485 | €110,904 | -€65,581 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €52,279 | €53,318 | +€1,040 | +2.0% |
| Financial debts | 43 | €1,426 | €1,727 | +€302 | +21.2% |
| Credit institutions | 430/8 | €1,426 | €1,727 | +€302 | +21.2% |
| Trade debts | 44 | €64,502 | €1,643 | -€62,859 | -97.5% |
| Suppliers | 440/4 | €64,502 | €1,643 | -€62,859 | -97.5% |
| Taxes, remuneration and social security | 45 | €39,170 | €54,215 | +€15,045 | +38.4% |
| Taxes | 450/3 | €38,029 | €53,037 | +€15,008 | +39.5% |
| Remuneration and social security | 454/9 | €1,141 | €1,178 | +€36 | +3.2% |
| Other amounts payable | 47/48 | €19,109 | €0 | -€19,109 | -100.0% |
| Remuneration, social security and pensions | 62 | €5,378 | €5,477 | +€99 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,050 | €55,374 | +€2,324 | +4.4% |
| Other operating charges | 640/8 | €2,211 | €8,867 | +€6,656 | +301.1% |
| Gross operating margin | 9900 | €133,114 | €151,478 | +€18,363 | +13.8% |
| Operating profit (loss) | 9901 | €72,475 | €81,759 | +€9,284 | +12.8% |
| Financial income | 75/76B | €48 | €299 | +€251 | +528.4% |
| Recurring financial income | 75 | €48 | €299 | +€251 | +528.4% |
| Financial charges | 65/66B | €22,936 | €19,715 | -€3,221 | -14.0% |
| Recurring financial charges | 65 | €22,936 | €19,715 | -€3,221 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €49,587 | €62,343 | +€12,756 | +25.7% |
| Transfer from deferred taxes | 780 | €2,846 | €18,112 | +€15,266 | +536.4% |
| Income taxes | 67/77 | €22,111 | €28,361 | +€6,250 | +28.3% |
| Profit (loss) for the period | 9904 | €30,322 | €52,094 | +€21,772 | +71.8% |
| Transfer from tax-exempt reserves | 789 | €11,384 | €72,448 | +€61,064 | +536.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,706 | €124,542 | +€82,836 | +198.6% |
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 9 October 2026 via checked.be.