CONSEM: 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.
CONSEM
Largest movements
- Cash +€87,243
up €87,243 (+159%), from €54,888 to €142,132
mainly Net result for the year (+€67,587) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Reserves +€54,187
up €54,187 (+33.3%), from €162,666 to €216,853
- Other debts +€8,547
up €8,547 (+26.3%), from €32,500 to €41,047
- Tax, wage and social debts -€6,144
down €6,144 (-41.5%), from €14,798 to €8,654
- Gross operating margin -€19,349
down €19,349 (-14.7%), from €131,212 to €111,863
- Taxes -€6,663
down €6,663 (-16.8%), from €39,705 to €33,042
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 | €230,428 | €286,359 | +€55,931 | +24.3% |
| Fixed assets | 21/28 | €31,380 | €28,855 | -€2,525 | -8.0% |
| Tangible fixed assets | 22/27 | €31,380 | €28,855 | -€2,525 | -8.0% |
| Plant, machinery and equipment | 23 | €2,942 | €1,288 | -€1,654 | -56.2% |
| Furniture and vehicles | 24 | €13,115 | €9,419 | -€3,696 | -28.2% |
| Other tangible fixed assets | 26 | €15,323 | €18,147 | +€2,824 | +18.4% |
| Current assets | 29/58 | €199,049 | €257,505 | +€58,456 | +29.4% |
| Amounts receivable within one year | 40/41 | €16,047 | €13,264 | -€2,783 | -17.3% |
| Trade receivables | 40 | €16,047 | €13,260 | -€2,787 | -17.4% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Current investments | 50/53 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €54,888 | €142,132 | +€87,243 | +159% |
| Deferred charges and accrued income | 490/1 | €3,114 | €2,109 | -€1,005 | -32.3% |
| Total equity and liabilities | 10/49 | €230,428 | €286,359 | +€55,931 | +24.3% |
| Equity | 10/15 | €182,332 | €235,453 | +€53,121 | +29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,666 | €216,853 | +€54,187 | +33.3% |
| Distributable reserves | 133 | €162,666 | €216,853 | +€54,187 | +33.3% |
| Profit (loss) carried forward | 14 | €1,066 | €0 | -€1,066 | -100% |
| Amounts payable | 17/49 | €48,096 | €50,906 | +€2,810 | +5.8% |
| Amounts payable within one year | 42/48 | €47,724 | €50,906 | +€3,183 | +6.7% |
| Financial debts | 43 | - | €43 | +€43 | |
| Credit institutions | 430/8 | - | €43 | +€43 | |
| Trade debts | 44 | €425 | €1,162 | +€736 | +173% |
| Suppliers | 440/4 | €425 | €1,162 | +€736 | +173% |
| Taxes, remuneration and social security | 45 | €14,798 | €8,654 | -€6,144 | -41.5% |
| Taxes | 450/3 | €14,798 | €8,654 | -€6,144 | -41.5% |
| Other amounts payable | 47/48 | €32,500 | €41,047 | +€8,547 | +26.3% |
| Accrued charges and deferred income | 492/3 | €372 | €0 | -€372 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,616 | €6,835 | +€1,219 | +21.7% |
| Other operating charges | 640/8 | €963 | €1,287 | +€324 | +33.6% |
| Gross operating margin | 9900 | €131,212 | €111,863 | -€19,349 | -14.7% |
| Operating profit (loss) | 9901 | €124,633 | €103,742 | -€20,891 | -16.8% |
| Financial income | 75/76B | €1,261 | €1,151 | -€110 | -8.7% |
| Recurring financial income | 75 | €1,261 | €1,151 | -€110 | -8.7% |
| Financial charges | 65/66B | €4,456 | €4,264 | -€193 | -4.3% |
| Recurring financial charges | 65 | €4,456 | €4,264 | -€193 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €121,437 | €100,629 | -€20,808 | -17.1% |
| Income taxes | 67/77 | €39,705 | €33,042 | -€6,663 | -16.8% |
| Profit (loss) for the period | 9904 | €81,732 | €67,587 | -€14,146 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,732 | €67,587 | -€14,146 | -17.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.