CONSELFIN: 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.
CONSELFIN
Largest movements
- Cash +€35,282
up €35,282 (+108%), from €32,542 to €67,824
mainly Depreciation (+€120,559) and Other debts (+€38,000)
- Intangible fixed assets +€20,251
up €20,251 (+6.0%), from €339,893 to €360,145
- Tangible fixed assets -€10,552
down €10,552 (-34.1%), from €30,972 to €20,420
of which Furniture and vehicles: -€11,643
- Deferred charges and accrued income +€6,923
up €6,923 (+12.9%), from €53,723 to €60,646
- Other debts +€38,000
up €38,000, from €0 to €38,000
- Current portion of long-term debt +€21,100
up €21,100 (+24.3%), from €86,728 to €107,828
- Debts after one year -€14,450
down €14,450 (-4.3%), from €338,191 to €323,741
- Gross operating margin +€43,138
up €43,138 (+14.3%), from €300,696 to €343,834
- Depreciation +€10,040
up €10,040 (+9.1%), from €110,519 to €120,559
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 | €465,101 | €513,537 | +€48,436 | +10.4% |
| Fixed assets | 21/28 | €371,280 | €380,979 | +€9,699 | +2.6% |
| Intangible fixed assets | 21 | €339,893 | €360,145 | +€20,251 | +6.0% |
| Tangible fixed assets | 22/27 | €30,972 | €20,420 | -€10,552 | -34.1% |
| Furniture and vehicles | 24 | €30,972 | €19,329 | -€11,643 | -37.6% |
| Leasing and similar rights | 25 | - | €1,091 | +€1,091 | |
| Financial fixed assets | 28 | €415 | €415 | = | 0.0% |
| Current assets | 29/58 | €93,821 | €132,558 | +€38,737 | +41.3% |
| Amounts receivable within one year | 40/41 | €7,556 | €4,089 | -€3,467 | -45.9% |
| Trade receivables | 40 | - | €3,967 | +€3,967 | |
| Other amounts receivable | 41 | €7,556 | €121 | -€7,435 | -98.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,542 | €67,824 | +€35,282 | +108% |
| Deferred charges and accrued income | 490/1 | €53,723 | €60,646 | +€6,923 | +12.9% |
| Total equity and liabilities | 10/49 | €465,101 | €513,537 | +€48,436 | +10.4% |
| Equity | 10/15 | €8,172 | €9,324 | +€1,152 | +14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172 | €1,324 | +€1,152 | +672% |
| Amounts payable | 17/49 | €456,929 | €504,214 | +€47,284 | +10.3% |
| Amounts payable after more than one year | 17 | €338,191 | €323,741 | -€14,450 | -4.3% |
| Financial debts | 170/4 | €338,191 | €323,741 | -€14,450 | -4.3% |
| Amounts payable within one year | 42/48 | €108,534 | €170,645 | +€62,111 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €86,728 | €107,828 | +€21,100 | +24.3% |
| Trade debts | 44 | €92 | €2,357 | +€2,265 | +2,461% |
| Suppliers | 440/4 | €92 | €2,357 | +€2,265 | +2,461% |
| Taxes, remuneration and social security | 45 | €21,714 | €22,460 | +€746 | +3.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €21,714 | €22,460 | +€746 | +3.4% |
| Other amounts payable | 47/48 | €0 | €38,000 | +€38,000 | |
| Accrued charges and deferred income | 492/3 | €10,205 | €9,828 | -€376 | -3.7% |
| Remuneration, social security and pensions | 62 | €178,262 | €181,065 | +€2,803 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,519 | €120,559 | +€10,040 | +9.1% |
| Other operating charges | 640/8 | €1,929 | €2,228 | +€299 | +15.5% |
| Gross operating margin | 9900 | €300,696 | €343,834 | +€43,138 | +14.3% |
| Operating profit (loss) | 9901 | €9,986 | €39,981 | +€29,996 | +300% |
| Financial income | 75/76B | €1,624 | €0 | -€1,624 | -100% |
| Recurring financial income | 75 | €1,624 | €0 | -€1,624 | -100% |
| Financial charges | 65/66B | €15,330 | €15,951 | +€620 | +4.0% |
| Recurring financial charges | 65 | €15,330 | €15,951 | +€620 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,720 | €24,031 | +€27,751 | |
| Income taxes | 67/77 | €2,931 | €4,879 | +€1,947 | +66.4% |
| Profit (loss) for the period | 9904 | -€6,652 | €19,152 | +€25,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,652 | €19,152 | +€25,804 |
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 22 October 2026 via checked.be.