Conshen: 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.
Conshen
Largest movements
- Receivables within one year +€31,141
up €31,141 (+10616.4%), from €293 to €31,434
of which Trade receivables: +€28,474
- Stocks and contracts +€18,856
new in 2025: €18,856
- Tangible fixed assets +€14,437
new in 2025: €14,437
- Cash -€12,162
down €12,162 (-11.9%), from €102,140 to €89,978
mainly Receivables within one year (-€31,141) and Stocks and contracts (-€18,856)
- Trade debts +€40,742
up €40,742 (+335.5%), from €12,142 to €52,884
- Other debts +€16,428
up €16,428 (+102.1%), from €16,092 to €32,520
- Profit (loss) carried forward -€11,661
new in 2025: -€11,661
- Current portion of long-term debt +€9,504
new in 2025: €9,504
- Debts after one year -€2,206
down €2,206 (-6.3%), from €35,000 to €32,794
- Gross operating margin -€46,739
down €46,739, from €37,126 to -€9,613
- Financial charges -€6,801
down €6,801 (-89.1%), from €7,634 to €832
- Taxes -€5,704
down €5,704 (-99.3%), from €5,743 to €38
- Depreciation +€890
new in 2025: €890
- Other operating charges -€419
down €419 (-51.6%), from €811 to €393
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 | €103,839 | €156,112 | +€52,272 | +50.3% |
| Fixed assets | 21/28 | - | €14,437 | +€14,437 | |
| Tangible fixed assets | 22/27 | - | €14,437 | +€14,437 | |
| Furniture and vehicles | 24 | - | €14,437 | +€14,437 | |
| Current assets | 29/58 | €103,839 | €141,675 | +€37,836 | +36.4% |
| Stocks and contracts in progress | 3 | - | €18,856 | +€18,856 | |
| Stocks | 30/36 | - | €18,856 | +€18,856 | |
| Amounts receivable within one year | 40/41 | €293 | €31,434 | +€31,141 | +10616.4% |
| Trade receivables | 40 | - | €28,474 | +€28,474 | |
| Other amounts receivable | 41 | €293 | €2,960 | +€2,667 | +909.2% |
| Cash at bank and in hand | 54/58 | €102,140 | €89,978 | -€12,162 | -11.9% |
| Deferred charges and accrued income | 490/1 | €1,406 | €1,406 | = | 0.0% |
| Total equity and liabilities | 10/49 | €103,839 | €156,112 | +€52,272 | +50.3% |
| Equity | 10/15 | €32,884 | €21,223 | -€11,661 | -35.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,884 | €30,884 | = | 0.0% |
| Distributable reserves | 133 | €30,884 | €30,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,661 | -€11,661 | |
| Amounts payable | 17/49 | €70,956 | €134,888 | +€63,933 | +90.1% |
| Amounts payable after more than one year | 17 | €35,000 | €32,794 | -€2,206 | -6.3% |
| Financial debts | 170/4 | €35,000 | €32,794 | -€2,206 | -6.3% |
| Amounts payable within one year | 42/48 | €35,956 | €102,095 | +€66,139 | +183.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,504 | +€9,504 | |
| Trade debts | 44 | €12,142 | €52,884 | +€40,742 | +335.5% |
| Suppliers | 440/4 | €12,142 | €52,884 | +€40,742 | +335.5% |
| Taxes, remuneration and social security | 45 | €7,721 | €7,187 | -€534 | -6.9% |
| Taxes | 450/3 | €7,721 | €7,187 | -€534 | -6.9% |
| Other amounts payable | 47/48 | €16,092 | €32,520 | +€16,428 | +102.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €890 | +€890 | |
| Other operating charges | 640/8 | €811 | €393 | -€419 | -51.6% |
| Gross operating margin | 9900 | €37,126 | -€9,613 | -€46,739 | |
| Operating profit (loss) | 9901 | €36,315 | -€10,896 | -€47,210 | |
| Financial income | 75/76B | €33 | €106 | +€73 | +219.9% |
| Recurring financial income | 75 | €33 | €106 | +€73 | +219.9% |
| Financial charges | 65/66B | €7,634 | €832 | -€6,801 | -89.1% |
| Recurring financial charges | 65 | €7,634 | €832 | -€6,801 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €28,714 | -€11,622 | -€40,336 | |
| Income taxes | 67/77 | €5,743 | €38 | -€5,704 | -99.3% |
| Profit (loss) for the period | 9904 | €22,971 | -€11,661 | -€34,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,971 | -€11,661 | -€34,632 |
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 1 October 2026 via checked.be.