CONSHUL: 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.
CONSHUL
Largest movements
- Cash -€43,050
down €43,050 (-46.3%), from €92,981 to €49,931
mainly Tax, wage and social debts (-€35,104) and Investment in fixed assets (net) (-€21,967)
- Tangible fixed assets +€20,283
up €20,283 (+241%), from €8,413 to €28,696
of which Furniture and vehicles: +€21,079
- Receivables within one year +€3,148
up €3,148 (+11.1%), from €28,402 to €31,550
of which Other amounts receivable: +€29,059
- Deferred charges and accrued income -€2,606
down €2,606 (-36.9%), from €7,057 to €4,451
- Tax, wage and social debts -€35,104
down €35,104 (-77.6%), from €45,226 to €10,122
of which Taxes: -€24,186
- Reserves +€13,158
up €13,158 (+15.0%), from €87,595 to €100,753
- Gross operating margin +€12,337
up €12,337 (+56.9%), from €21,700 to €34,038
- Write-downs +€11,862
new in 2025: €11,862
- Taxes +€1,366
up €1,366 (+31.2%), from €4,378 to €5,744
- Financial charges -€1,305
down €1,305 (-52.7%), from €2,475 to €1,170
- Depreciation +€487
up €487 (+40.7%), from €1,197 to €1,683
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 | €136,852 | €114,628 | -€22,224 | -16.2% |
| Fixed assets | 21/28 | €8,413 | €28,696 | +€20,283 | +241% |
| Tangible fixed assets | 22/27 | €8,413 | €28,696 | +€20,283 | +241% |
| Plant, machinery and equipment | 23 | €7,301 | €6,505 | -€796 | -10.9% |
| Furniture and vehicles | 24 | €1,112 | €22,191 | +€21,079 | +1,896% |
| Current assets | 29/58 | €128,439 | €85,932 | -€42,507 | -33.1% |
| Amounts receivable within one year | 40/41 | €28,402 | €31,550 | +€3,148 | +11.1% |
| Trade receivables | 40 | €28,402 | €2,491 | -€25,911 | -91.2% |
| Other amounts receivable | 41 | - | €29,059 | +€29,059 | |
| Cash at bank and in hand | 54/58 | €92,981 | €49,931 | -€43,050 | -46.3% |
| Deferred charges and accrued income | 490/1 | €7,057 | €4,451 | -€2,606 | -36.9% |
| Total equity and liabilities | 10/49 | €136,852 | €114,628 | -€22,224 | -16.2% |
| Equity | 10/15 | €90,595 | €103,753 | +€13,158 | +14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,595 | €100,753 | +€13,158 | +15.0% |
| Distributable reserves | 133 | €87,595 | €100,753 | +€13,158 | +15.0% |
| Amounts payable | 17/49 | €46,257 | €10,875 | -€35,382 | -76.5% |
| Amounts payable within one year | 42/48 | €46,257 | €10,875 | -€35,382 | -76.5% |
| Trade debts | 44 | €1,032 | €753 | -€278 | -27.0% |
| Suppliers | 440/4 | €1,032 | €753 | -€278 | -27.0% |
| Taxes, remuneration and social security | 45 | €45,226 | €10,122 | -€35,104 | -77.6% |
| Taxes | 450/3 | €34,308 | €10,122 | -€24,186 | -70.5% |
| Remuneration and social security | 454/9 | €10,918 | - | -€10,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,197 | €1,683 | +€487 | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,862 | +€11,862 | |
| Other operating charges | 640/8 | €588 | €420 | -€168 | -28.6% |
| Gross operating margin | 9900 | €21,700 | €34,038 | +€12,337 | +56.9% |
| Operating profit (loss) | 9901 | €19,916 | €20,072 | +€157 | +0.8% |
| Financial charges | 65/66B | €2,475 | €1,170 | -€1,305 | -52.7% |
| Recurring financial charges | 65 | €2,475 | €1,170 | -€1,305 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €17,441 | €18,902 | +€1,461 | +8.4% |
| Income taxes | 67/77 | €4,378 | €5,744 | +€1,366 | +31.2% |
| Profit (loss) for the period | 9904 | €13,063 | €13,158 | +€95 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,063 | €13,158 | +€95 | +0.7% |
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 25 October 2026 via checked.be.