CONSIGLIO: 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.
CONSIGLIO
Largest movements
- Tangible fixed assets -€66,967
down €66,967 (-4.5%), from €1.5m to €1.4m
of which Leasing and similar rights: -€59,031
- Receivables within one year +€45,948
up €45,948 (+75.1%), from €61,202 to €107,150
of which Trade receivables: +€45,270
- Cash +€25,673
up €25,673 (+122%), from €21,010 to €46,683
mainly Net result for the year (+€227,157) and Depreciation (+€66,157)
- Profit (loss) carried forward +€237,059
up €237,059 (+61.3%), from -€386,631 to -€149,572
- Other debts -€132,870
down €132,870 (-41.3%), from €321,864 to €188,995
- Debts after one year -€110,004
down €110,004 (-42.1%), from €261,302 to €151,298
- Tax, wage and social debts +€35,978
up €35,978 (+176%), from €20,475 to €56,453
- Gross operating margin +€330,239
up €330,239 (+798%), from €41,384 to €371,622
- Taxes +€35,924
up €35,924 (+1,346%), from €2,669 to €38,593
- Depreciation -€25,535
down €25,535 (-27.8%), from €91,692 to €66,157
- Other operating charges +€9,417
up €9,417 (+75.5%), from €12,473 to €21,890
- Financial charges -€7,343
down €7,343 (-25.6%), from €28,679 to €21,336
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 | €1,586,991 | €1,602,596 | +€15,605 | +1.0% |
| Fixed assets | 21/28 | €1,489,592 | €1,422,624 | -€66,967 | -4.5% |
| Tangible fixed assets | 22/27 | €1,479,592 | €1,412,624 | -€66,967 | -4.5% |
| Land and buildings | 22 | €595,642 | €594,383 | -€1,259 | -0.2% |
| Plant, machinery and equipment | 23 | €4,476 | €3,336 | -€1,140 | -25.5% |
| Furniture and vehicles | 24 | €15,376 | €9,837 | -€5,538 | -36.0% |
| Leasing and similar rights | 25 | €844,198 | €785,168 | -€59,031 | -7.0% |
| Other tangible fixed assets | 26 | €19,900 | €19,900 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €97,400 | €179,972 | +€82,572 | +84.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,202 | €107,150 | +€45,948 | +75.1% |
| Trade receivables | 40 | €57,592 | €102,862 | +€45,270 | +78.6% |
| Other amounts receivable | 41 | €3,610 | €4,288 | +€678 | +18.8% |
| Cash at bank and in hand | 54/58 | €21,010 | €46,683 | +€25,673 | +122% |
| Deferred charges and accrued income | 490/1 | €10,187 | €21,138 | +€10,951 | +107% |
| Total equity and liabilities | 10/49 | €1,586,991 | €1,602,596 | +€15,605 | +1.0% |
| Equity | 10/15 | €432,931 | €660,087 | +€227,157 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €589,947 | €589,947 | = | 0.0% |
| Reserves | 13 | €211,015 | €201,112 | -€9,903 | -4.7% |
| Tax-exempt reserves | 132 | €207,955 | €198,053 | -€9,903 | -4.8% |
| Distributable reserves | 133 | €3,059 | €3,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386,631 | -€149,572 | +€237,059 | +61.3% |
| Provisions and deferred taxes | 16 | €69,318 | €66,018 | -€3,301 | -4.8% |
| Deferred taxes | 168 | €69,318 | €66,018 | -€3,301 | -4.8% |
| Amounts payable | 17/49 | €1,084,742 | €876,491 | -€208,251 | -19.2% |
| Amounts payable after more than one year | 17 | €261,302 | €151,298 | -€110,004 | -42.1% |
| Financial debts | 170/4 | €261,302 | €151,298 | -€110,004 | -42.1% |
| Amounts payable within one year | 42/48 | €823,440 | €725,193 | -€98,247 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €110,004 | €110,004 | = | 0.0% |
| Financial debts | 43 | €353,799 | €350,000 | -€3,799 | -1.1% |
| Credit institutions | 430/8 | €353,799 | €350,000 | -€3,799 | -1.1% |
| Trade debts | 44 | €17,298 | €19,742 | +€2,444 | +14.1% |
| Suppliers | 440/4 | €17,298 | €19,742 | +€2,444 | +14.1% |
| Taxes, remuneration and social security | 45 | €20,475 | €56,453 | +€35,978 | +176% |
| Taxes | 450/3 | €20,475 | €56,453 | +€35,978 | +176% |
| Other amounts payable | 47/48 | €321,864 | €188,995 | -€132,870 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,692 | €66,157 | -€25,535 | -27.8% |
| Other operating charges | 640/8 | €12,473 | €21,890 | +€9,417 | +75.5% |
| Gross operating margin | 9900 | €41,384 | €371,622 | +€330,239 | +798% |
| Operating profit (loss) | 9901 | -€62,781 | €283,576 | +€346,356 | |
| Financial income | 75/76B | €1,166 | €209 | -€957 | -82.1% |
| Recurring financial income | 75 | €1,166 | €209 | -€957 | -82.1% |
| Financial charges | 65/66B | €28,679 | €21,336 | -€7,343 | -25.6% |
| Recurring financial charges | 65 | €28,679 | €21,336 | -€7,343 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€90,294 | €262,448 | +€352,743 | |
| Transfer from deferred taxes | 780 | €3,301 | €3,301 | = | 0.0% |
| Income taxes | 67/77 | €2,669 | €38,593 | +€35,924 | +1,346% |
| Profit (loss) for the period | 9904 | -€89,662 | €227,157 | +€316,819 | |
| Transfer from tax-exempt reserves | 789 | €9,903 | €9,903 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,760 | €237,059 | +€316,819 |
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 27 October 2026 via checked.be.