CONSELEC: 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.
CONSELEC
Largest movements
- Cash +€106,421
up €106,421 (+54.4%), from €195,788 to €302,209
mainly Net result for the year (+€114,712) and Trade debts (+€4,604)
- Receivables within one year +€10,496
up €10,496 (+89.0%), from €11,798 to €22,294
of which Trade receivables: +€11,900
- Reserves +€114,712
up €114,712 (+30.3%), from €379,012 to €493,724
- Gross operating margin +€27,272
up €27,272 (+19.7%), from €138,536 to €165,808
- Taxes +€10,789
up €10,789 (+23.9%), from €45,126 to €55,915
- Financial income +€6,669
up €6,669 (+266.5%), from €2,502 to €9,172
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 | €489,814 | €601,696 | +€111,882 | +22.8% |
| Fixed assets | 21/28 | €7,321 | €4,644 | -€2,677 | -36.6% |
| Tangible fixed assets | 22/27 | €6,571 | €3,894 | -€2,677 | -40.7% |
| Plant, machinery and equipment | 23 | €50 | - | -€50 | |
| Furniture and vehicles | 24 | €6,521 | €3,894 | -€2,627 | -40.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €482,494 | €597,052 | +€114,558 | +23.7% |
| Stocks and contracts in progress | 3 | €6,554 | €4,196 | -€2,358 | -36.0% |
| Stocks | 30/36 | €6,554 | €4,196 | -€2,358 | -36.0% |
| Amounts receivable within one year | 40/41 | €11,798 | €22,294 | +€10,496 | +89.0% |
| Trade receivables | 40 | €10,394 | €22,294 | +€11,900 | +114.5% |
| Other amounts receivable | 41 | €1,404 | - | -€1,404 | |
| Current investments | 50/53 | €268,353 | €268,353 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €195,788 | €302,209 | +€106,421 | +54.4% |
| Total equity and liabilities | 10/49 | €489,814 | €601,696 | +€111,882 | +22.8% |
| Equity | 10/15 | €391,412 | €506,124 | +€114,712 | +29.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €379,012 | €493,724 | +€114,712 | +30.3% |
| Distributable reserves | 133 | €379,012 | €493,724 | +€114,712 | +30.3% |
| Amounts payable | 17/49 | €98,403 | €95,572 | -€2,830 | -2.9% |
| Amounts payable within one year | 42/48 | €98,403 | €95,572 | -€2,830 | -2.9% |
| Trade debts | 44 | €26,507 | €31,111 | +€4,604 | +17.4% |
| Suppliers | 440/4 | €26,507 | €31,111 | +€4,604 | +17.4% |
| Taxes, remuneration and social security | 45 | €24,753 | €18,976 | -€5,776 | -23.3% |
| Taxes | 450/3 | €24,753 | €18,976 | -€5,776 | -23.3% |
| Other amounts payable | 47/48 | €47,143 | €45,485 | -€1,658 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €2,677 | -€179 | -6.3% |
| Other operating charges | 640/8 | €510 | €449 | -€60 | -11.8% |
| Gross operating margin | 9900 | €138,536 | €165,808 | +€27,272 | +19.7% |
| Operating profit (loss) | 9901 | €135,170 | €162,682 | +€27,512 | +20.4% |
| Financial income | 75/76B | €2,502 | €9,172 | +€6,669 | +266.5% |
| Recurring financial income | 75 | €2,502 | €9,172 | +€6,669 | +266.5% |
| Financial charges | 65/66B | €1,657 | €1,227 | -€430 | -26.0% |
| Recurring financial charges | 65 | €1,657 | €1,227 | -€430 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €136,016 | €170,627 | +€34,611 | +25.4% |
| Income taxes | 67/77 | €45,126 | €55,915 | +€10,789 | +23.9% |
| Profit (loss) for the period | 9904 | €90,890 | €114,712 | +€23,822 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,890 | €114,712 | +€23,822 | +26.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.