CONSEQUENS: 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.
CONSEQUENS
Largest movements
- Cash -€96,674
down €96,674 (-69.4%), from €139,243 to €42,569
mainly Contributions, distributions and other (-€101,800) and Current investments (-€75,091)
- Current investments +€75,091
new in 2025: €75,091
- Receivables within one year +€1,855
up €1,855 (+8.7%), from €21,375 to €23,230
of which Other amounts receivable: +€3,453
- Reserves -€58,168
down €58,168 (-56.9%), from €102,288 to €44,121
- Other debts +€39,085
up €39,085 (+76.8%), from €50,876 to €89,961
- Tax, wage and social debts -€4,059
down €4,059 (-51.0%), from €7,957 to €3,898
- Accrued charges and deferred income +€2,230
up €2,230 (+3,597%), from €62 to €2,292
- Gross operating margin +€9,286
up €9,286 (+18.2%), from €51,119 to €60,405
- Financial charges +€3,065
up €3,065 (+609%), from €503 to €3,568
- Taxes +€1,191
up €1,191 (+11.5%), from €10,396 to €11,587
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 | €164,663 | €143,788 | -€20,876 | -12.7% |
| Fixed assets | 21/28 | €3,272 | €1,930 | -€1,342 | -41.0% |
| Tangible fixed assets | 22/27 | €3,272 | €1,930 | -€1,342 | -41.0% |
| Plant, machinery and equipment | 23 | €1,931 | €1,537 | -€394 | -20.4% |
| Furniture and vehicles | 24 | €1,341 | €393 | -€948 | -70.7% |
| Current assets | 29/58 | €161,391 | €141,857 | -€19,534 | -12.1% |
| Amounts receivable within one year | 40/41 | €21,375 | €23,230 | +€1,855 | +8.7% |
| Trade receivables | 40 | €16,771 | €15,173 | -€1,597 | -9.5% |
| Other amounts receivable | 41 | €4,604 | €8,057 | +€3,453 | +75.0% |
| Current investments | 50/53 | - | €75,091 | +€75,091 | |
| Cash at bank and in hand | 54/58 | €139,243 | €42,569 | -€96,674 | -69.4% |
| Deferred charges and accrued income | 490/1 | €773 | €967 | +€194 | +25.1% |
| Total equity and liabilities | 10/49 | €164,663 | €143,788 | -€20,876 | -12.7% |
| Equity | 10/15 | €104,788 | €46,621 | -€58,168 | -55.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €102,288 | €44,121 | -€58,168 | -56.9% |
| Distributable reserves | 133 | €102,288 | €44,121 | -€58,168 | -56.9% |
| Amounts payable | 17/49 | €59,875 | €97,167 | +€37,292 | +62.3% |
| Amounts payable within one year | 42/48 | €59,813 | €94,875 | +€35,062 | +58.6% |
| Trade debts | 44 | €980 | €1,016 | +€36 | +3.7% |
| Suppliers | 440/4 | €980 | €1,016 | +€36 | +3.7% |
| Taxes, remuneration and social security | 45 | €7,957 | €3,898 | -€4,059 | -51.0% |
| Taxes | 450/3 | €7,957 | €3,898 | -€4,059 | -51.0% |
| Other amounts payable | 47/48 | €50,876 | €89,961 | +€39,085 | +76.8% |
| Accrued charges and deferred income | 492/3 | €62 | €2,292 | +€2,230 | +3,597% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €1,342 | +€303 | +29.2% |
| Other operating charges | 640/8 | €525 | €409 | -€116 | -22.2% |
| Gross operating margin | 9900 | €51,119 | €60,405 | +€9,286 | +18.2% |
| Operating profit (loss) | 9901 | €49,555 | €58,655 | +€9,100 | +18.4% |
| Financial income | 75/76B | €171 | €132 | -€39 | -22.6% |
| Recurring financial income | 75 | €171 | €132 | -€39 | -22.6% |
| Financial charges | 65/66B | €503 | €3,568 | +€3,065 | +609% |
| Recurring financial charges | 65 | €503 | €3,568 | +€3,065 | +609% |
| Profit (loss) for the period before taxes | 9903 | €49,223 | €55,219 | +€5,996 | +12.2% |
| Income taxes | 67/77 | €10,396 | €11,587 | +€1,191 | +11.5% |
| Profit (loss) for the period | 9904 | €38,828 | €43,632 | +€4,805 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,828 | €43,632 | +€4,805 | +12.4% |
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 14 October 2026 via checked.be.