CONSERT: 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.
CONSERT
Largest movements
- Current investments +€48,000
new in 2025: €48,000
- Tangible fixed assets +€18,452
up €18,452 (+214.6%), from €8,597 to €27,049
- Receivables within one year -€18,009
down €18,009 (-31.0%), from €58,187 to €40,178
of which Trade receivables: -€28,208
- Cash -€3,794
down €3,794 (-5.5%), from €69,048 to €65,254
mainly Current investments (-€48,000) and Contributions, distributions and other (-€40,889)
- Other debts +€35,194
up €35,194 (+1136.0%), from €3,098 to €38,292
- Reserves +€11,825
up €11,825 (+9.2%), from €128,296 to €140,121
of which Distributable reserves: +€11,825
- Trade debts -€3,156
down €3,156 (-89.0%), from €3,546 to €390
- Gross operating margin +€27,087
up €27,087 (+43.8%), from €61,882 to €88,969
- Taxes +€8,300
up €8,300 (+40.8%), from €20,337 to €28,637
- Depreciation +€4,985
up €4,985 (+137.5%), from €3,626 to €8,610
- Financial income +€3,012
new in 2025: €3,012
- Staff costs +€984
new in 2025: €984
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 | €161,327 | €206,973 | +€45,645 | +28.3% |
| Fixed assets | 21/28 | €33,907 | €52,359 | +€18,452 | +54.4% |
| Tangible fixed assets | 22/27 | €8,597 | €27,049 | +€18,452 | +214.6% |
| Plant, machinery and equipment | 23 | €6,010 | €10,843 | +€4,832 | +80.4% |
| Furniture and vehicles | 24 | €2,587 | €9,274 | +€6,688 | +258.6% |
| Other tangible fixed assets | 26 | - | €6,932 | +€6,932 | |
| Financial fixed assets | 28 | €25,310 | €25,310 | = | 0.0% |
| Current assets | 29/58 | €127,420 | €154,614 | +€27,193 | +21.3% |
| Amounts receivable within one year | 40/41 | €58,187 | €40,178 | -€18,009 | -31.0% |
| Trade receivables | 40 | €49,049 | €20,840 | -€28,208 | -57.5% |
| Other amounts receivable | 41 | €9,139 | €19,338 | +€10,199 | +111.6% |
| Current investments | 50/53 | - | €48,000 | +€48,000 | |
| Cash at bank and in hand | 54/58 | €69,048 | €65,254 | -€3,794 | -5.5% |
| Deferred charges and accrued income | 490/1 | €185 | €1,181 | +€996 | +538.7% |
| Total equity and liabilities | 10/49 | €161,327 | €206,973 | +€45,645 | +28.3% |
| Equity | 10/15 | €128,896 | €140,721 | +€11,825 | +9.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €128,296 | €140,121 | +€11,825 | +9.2% |
| Non-distributable reserves | 130/1 | €2,220 | €2,220 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,220 | €2,220 | = | 0.0% |
| Distributable reserves | 133 | €126,076 | €137,900 | +€11,825 | +9.4% |
| Amounts payable | 17/49 | €32,431 | €66,252 | +€33,821 | +104.3% |
| Amounts payable within one year | 42/48 | €32,431 | €66,252 | +€33,821 | +104.3% |
| Trade debts | 44 | €3,546 | €390 | -€3,156 | -89.0% |
| Suppliers | 440/4 | €3,546 | €390 | -€3,156 | -89.0% |
| Taxes, remuneration and social security | 45 | €25,787 | €27,570 | +€1,783 | +6.9% |
| Taxes | 450/3 | €25,787 | €25,055 | -€732 | -2.8% |
| Remuneration and social security | 454/9 | - | €2,515 | +€2,515 | |
| Other amounts payable | 47/48 | €3,098 | €38,292 | +€35,194 | +1136.0% |
| Remuneration, social security and pensions | 62 | - | €984 | +€984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,626 | €8,610 | +€4,985 | +137.5% |
| Other operating charges | 640/8 | €293 | €536 | +€243 | +83.0% |
| Gross operating margin | 9900 | €61,882 | €88,969 | +€27,087 | +43.8% |
| Operating profit (loss) | 9901 | €57,963 | €78,838 | +€20,875 | +36.0% |
| Financial income | 75/76B | - | €3,012 | +€3,012 | |
| Recurring financial income | 75 | - | €3,012 | +€3,012 | |
| Financial charges | 65/66B | €528 | €500 | -€28 | -5.4% |
| Recurring financial charges | 65 | €528 | €500 | -€28 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €57,435 | €81,350 | +€23,915 | +41.6% |
| Income taxes | 67/77 | €20,337 | €28,637 | +€8,300 | +40.8% |
| Profit (loss) for the period | 9904 | €37,099 | €52,714 | +€15,615 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,099 | €52,714 | +€15,615 | +42.1% |
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.