CONSEBT: 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.
CONSEBT
Largest movements
- Cash +€247,236
up €247,236 (+156%), from €158,030 to €405,266
mainly Stocks and contracts (+€197,798) and Investment in fixed assets (net) (+€128,171)
- Stocks and contracts -€197,798
down €197,798 (-100%), from €197,798 to €0
- Tangible fixed assets -€159,362
down €159,362 (-22.4%), from €709,882 to €550,520
of which Land and buildings: -€145,435
- Receivables within one year -€62,689
down €62,689 (-61.0%), from €102,807 to €40,118
of which Trade receivables: -€47,738
- Other debts -€198,015
down €198,015 (-82.6%), from €239,696 to €41,681
- Reserves +€94,039
up €94,039 (+12.8%), from €737,199 to €831,238
of which Distributable reserves: +€94,039
- Trade debts -€48,199
down €48,199 (-82.5%), from €58,456 to €10,257
- Debts after one year -€21,439
down €21,439 (-15.4%), from €138,772 to €117,333
- Gross operating margin +€99,090
up €99,090 (+123%), from €80,829 to €179,919
- Taxes +€31,999
up €31,999 (+291%), from €10,989 to €42,988
- Depreciation -€12,272
down €12,272 (-28.2%), from €43,464 to €31,191
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 | €1,218,518 | €1,048,281 | -€170,236 | -14.0% |
| Fixed assets | 21/28 | €709,882 | €550,520 | -€159,362 | -22.4% |
| Tangible fixed assets | 22/27 | €709,882 | €550,520 | -€159,362 | -22.4% |
| Land and buildings | 22 | €554,752 | €409,318 | -€145,435 | -26.2% |
| Plant, machinery and equipment | 23 | €118,293 | €118,293 | = | 0.0% |
| Furniture and vehicles | 24 | €36,837 | €22,909 | -€13,927 | -37.8% |
| Current assets | 29/58 | €508,635 | €497,761 | -€10,874 | -2.1% |
| Stocks and contracts in progress | 3 | €197,798 | €0 | -€197,798 | -100% |
| Stocks | 30/36 | €197,798 | €0 | -€197,798 | -100% |
| Amounts receivable within one year | 40/41 | €102,807 | €40,118 | -€62,689 | -61.0% |
| Trade receivables | 40 | €65,591 | €17,853 | -€47,738 | -72.8% |
| Other amounts receivable | 41 | €37,216 | €22,265 | -€14,950 | -40.2% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,030 | €405,266 | +€247,236 | +156% |
| Deferred charges and accrued income | 490/1 | - | €2,377 | +€2,377 | |
| Total equity and liabilities | 10/49 | €1,218,518 | €1,048,281 | -€170,236 | -14.0% |
| Equity | 10/15 | €749,603 | €843,642 | +€94,039 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €737,199 | €831,238 | +€94,039 | +12.8% |
| Tax-exempt reserves | 132 | €339 | €339 | = | 0.0% |
| Distributable reserves | 133 | €736,860 | €830,899 | +€94,039 | +12.8% |
| Profit (loss) carried forward | 14 | €5 | €5 | = | 0.0% |
| Amounts payable | 17/49 | €468,914 | €204,639 | -€264,275 | -56.4% |
| Amounts payable after more than one year | 17 | €138,772 | €117,333 | -€21,439 | -15.4% |
| Financial debts | 170/4 | €138,772 | €117,333 | -€21,439 | -15.4% |
| Amounts payable within one year | 42/48 | €330,142 | €87,306 | -€242,836 | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €23,179 | €21,439 | -€1,740 | -7.5% |
| Trade debts | 44 | €58,456 | €10,257 | -€48,199 | -82.5% |
| Suppliers | 440/4 | €58,456 | €10,257 | -€48,199 | -82.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,811 | €13,928 | +€5,117 | +58.1% |
| Taxes | 450/3 | €6,554 | €11,632 | +€5,078 | +77.5% |
| Remuneration and social security | 454/9 | €2,257 | €2,296 | +€39 | +1.7% |
| Other amounts payable | 47/48 | €239,696 | €41,681 | -€198,015 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,464 | €31,191 | -€12,272 | -28.2% |
| Other operating charges | 640/8 | €3,645 | €4,659 | +€1,015 | +27.8% |
| Gross operating margin | 9900 | €80,829 | €179,919 | +€99,090 | +123% |
| Operating profit (loss) | 9901 | €33,720 | €144,068 | +€110,348 | +327% |
| Financial income | 75/76B | €1,271 | €114 | -€1,158 | -91.1% |
| Recurring financial income | 75 | €1,271 | €114 | -€1,158 | -91.1% |
| Financial charges | 65/66B | €7,360 | €7,155 | -€205 | -2.8% |
| Recurring financial charges | 65 | €7,360 | €7,155 | -€205 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €27,631 | €137,027 | +€109,395 | +396% |
| Income taxes | 67/77 | €10,989 | €42,988 | +€31,999 | +291% |
| Profit (loss) for the period | 9904 | €16,642 | €94,039 | +€77,397 | +465% |
| Profit (loss) for the period to be appropriated | 9905 | €16,642 | €94,039 | +€77,397 | +465% |
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.