CONSEIL: what changed
Two fiscal 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.
CONSEIL
Largest movements
- Cash +€122,927
up €122,927 (+72.8%), from €168,860 to €291,787
mainly Net result for the year (+€77,423) and Tax, wage and social debts (+€39,382)
- Tangible fixed assets -€15,096
down €15,096 (-5.1%), from €297,160 to €282,064
of which Land and buildings: -€14,660
- Receivables within one year -€6,775
down €6,775 (-82.2%), from €8,240 to €1,465
of which Trade receivables: -€4,250
- Reserves +€77,423
up €77,423 (+63.3%), from €122,317 to €199,739
of which Distributable reserves: +€73,658
- Tax, wage and social debts +€39,382
up €39,382 (+887.9%), from €4,435 to €43,817
- Other debts -€8,176
down €8,176 (-10.9%), from €75,228 to €67,052
- Trade debts -€7,467
down €7,467 (-52.1%), from €14,329 to €6,862
- Gross operating margin -€128,682
down €128,682 (-47.6%), from €270,255 to €141,573
- Taxes -€34,879
down €34,879 (-44.3%), from €78,679 to €43,800
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 | €476,367 | €577,471 | +€101,103 | +21.2% |
| Fixed assets | 21/28 | €297,160 | €282,064 | -€15,096 | -5.1% |
| Tangible fixed assets | 22/27 | €297,160 | €282,064 | -€15,096 | -5.1% |
| Land and buildings | 22 | €296,401 | €281,741 | -€14,660 | -4.9% |
| Plant, machinery and equipment | 23 | €759 | €323 | -€436 | -57.4% |
| Current assets | 29/58 | €179,208 | €295,407 | +€116,199 | +64.8% |
| Amounts receivable within one year | 40/41 | €8,240 | €1,465 | -€6,775 | -82.2% |
| Trade receivables | 40 | €4,250 | €0 | -€4,250 | -100.0% |
| Other amounts receivable | 41 | €3,990 | €1,465 | -€2,525 | -63.3% |
| Cash at bank and in hand | 54/58 | €168,860 | €291,787 | +€122,927 | +72.8% |
| Deferred charges and accrued income | 490/1 | €2,108 | €2,155 | +€47 | +2.2% |
| Total equity and liabilities | 10/49 | €476,367 | €577,471 | +€101,103 | +21.2% |
| Equity | 10/15 | €272,317 | €349,739 | +€77,423 | +28.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €122,317 | €199,739 | +€77,423 | +63.3% |
| Non-distributable reserves | 130/1 | €6,110 | €9,987 | +€3,877 | +63.4% |
| Legal reserve | 130 | €6,110 | €9,987 | +€3,877 | +63.4% |
| Tax-exempt reserves | 132 | €112 | €0 | -€112 | -100.0% |
| Distributable reserves | 133 | €116,094 | €189,752 | +€73,658 | +63.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €58 | €0 | -€58 | -100.0% |
| Deferred taxes | 168 | €58 | €0 | -€58 | -100.0% |
| Amounts payable | 17/49 | €203,993 | €227,731 | +€23,739 | +11.6% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,993 | €117,731 | +€23,739 | +25.3% |
| Trade debts | 44 | €14,329 | €6,862 | -€7,467 | -52.1% |
| Suppliers | 440/4 | €14,329 | €6,862 | -€7,467 | -52.1% |
| Taxes, remuneration and social security | 45 | €4,435 | €43,817 | +€39,382 | +887.9% |
| Taxes | 450/3 | €4,435 | €43,817 | +€39,382 | +887.9% |
| Other amounts payable | 47/48 | €75,228 | €67,052 | -€8,176 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,002 | €15,096 | -€906 | -5.7% |
| Other operating charges | 640/8 | €5,515 | €5,160 | -€356 | -6.5% |
| Gross operating margin | 9900 | €270,255 | €141,573 | -€128,682 | -47.6% |
| Operating profit (loss) | 9901 | €248,738 | €121,318 | -€127,420 | -51.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €241 | €153 | -€88 | -36.6% |
| Recurring financial charges | 65 | €241 | €153 | -€88 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €248,497 | €121,165 | -€127,333 | -51.2% |
| Transfer from deferred taxes | 780 | €408 | €58 | -€350 | -85.8% |
| Income taxes | 67/77 | €78,679 | €43,800 | -€34,879 | -44.3% |
| Profit (loss) for the period | 9904 | €170,226 | €77,423 | -€92,804 | -54.5% |
| Transfer from tax-exempt reserves | 789 | €792 | €112 | -€680 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €171,018 | €77,535 | -€93,483 | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.