CONSOLID: 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.
CONSOLID
Largest movements
- Current investments +€150,000
up €150,000 (+25.0%), from €600,000 to €750,000
- Tangible fixed assets -€133,051
down €133,051 (-15.4%), from €865,798 to €732,747
of which Land and buildings: -€132,824
- Receivables within one year +€82,820
up €82,820 (+126.5%), from €65,449 to €148,269
of which Other amounts receivable: +€57,307
- Financial fixed assets +€50,000
up €50,000 (+5.0%), from €1.0m to €1.1m
- Reserves +€265,728
up €265,728 (+17.9%), from €1.5m to €1.7m
of which Tax-exempt reserves: +€201,383
- Other debts -€91,804
down €91,804 (-10.8%), from €852,758 to €760,954
- Provisions +€67,128
up €67,128 (+1767.2%), from €3,799 to €70,926
- Debts after one year -€62,500
down €62,500 (-29.4%), from €212,500 to €150,000
- Gross operating margin +€234,117
up €234,117 (+146.9%), from €159,367 to €393,484
- Taxes -€8,215
down €8,215 (-27.0%), from €30,424 to €22,209
- Depreciation -€5,447
down €5,447 (-12.9%), from €42,202 to €36,755
- Financial charges +€4,632
up €4,632 (+14.4%), from €32,165 to €36,797
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 | €2,661,154 | €2,831,539 | +€170,385 | +6.4% |
| Fixed assets | 21/28 | €1,872,447 | €1,789,397 | -€83,051 | -4.4% |
| Tangible fixed assets | 22/27 | €865,798 | €732,747 | -€133,051 | -15.4% |
| Land and buildings | 22 | €860,980 | €728,156 | -€132,824 | -15.4% |
| Furniture and vehicles | 24 | €4,818 | €4,591 | -€227 | -4.7% |
| Financial fixed assets | 28 | €1,006,649 | €1,056,649 | +€50,000 | +5.0% |
| Current assets | 29/58 | €788,707 | €1,042,142 | +€253,435 | +32.1% |
| Amounts receivable within one year | 40/41 | €65,449 | €148,269 | +€82,820 | +126.5% |
| Trade receivables | 40 | €27,299 | €52,811 | +€25,513 | +93.5% |
| Other amounts receivable | 41 | €38,150 | €95,457 | +€57,307 | +150.2% |
| Current investments | 50/53 | €600,000 | €750,000 | +€150,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €40,690 | €46,509 | +€5,819 | +14.3% |
| Deferred charges and accrued income | 490/1 | €82,568 | €97,365 | +€14,797 | +17.9% |
| Total equity and liabilities | 10/49 | €2,661,154 | €2,831,539 | +€170,385 | +6.4% |
| Equity | 10/15 | €1,488,917 | €1,754,645 | +€265,728 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,482,717 | €1,748,445 | +€265,728 | +17.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,396 | €212,778 | +€201,383 | +1767.2% |
| Distributable reserves | 133 | €1,471,321 | €1,535,667 | +€64,346 | +4.4% |
| Provisions and deferred taxes | 16 | €3,799 | €70,926 | +€67,128 | +1767.2% |
| Deferred taxes | 168 | €3,799 | €70,926 | +€67,128 | +1767.2% |
| Amounts payable | 17/49 | €1,168,439 | €1,005,968 | -€162,471 | -13.9% |
| Amounts payable after more than one year | 17 | €212,500 | €150,000 | -€62,500 | -29.4% |
| Financial debts | 170/4 | €212,500 | €150,000 | -€62,500 | -29.4% |
| Amounts payable within one year | 42/48 | €929,109 | €836,197 | -€92,911 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €62,500 | €62,500 | = | 0.0% |
| Trade debts | 44 | €1,365 | €5,323 | +€3,958 | +290.1% |
| Suppliers | 440/4 | €1,365 | €5,323 | +€3,958 | +290.1% |
| Taxes, remuneration and social security | 45 | €12,486 | €7,421 | -€5,066 | -40.6% |
| Taxes | 450/3 | €12,486 | €7,421 | -€5,066 | -40.6% |
| Other amounts payable | 47/48 | €852,758 | €760,954 | -€91,804 | -10.8% |
| Accrued charges and deferred income | 492/3 | €26,830 | €19,770 | -€7,060 | -26.3% |
| Non-recurring operating income | 76A | €0 | €283,704 | +€283,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,202 | €36,755 | -€5,447 | -12.9% |
| Other operating charges | 640/8 | €8,388 | €6,333 | -€2,055 | -24.5% |
| Gross operating margin | 9900 | €159,367 | €393,484 | +€234,117 | +146.9% |
| Operating profit (loss) | 9901 | €108,777 | €350,396 | +€241,619 | +222.1% |
| Financial income | 75/76B | €38,537 | €41,465 | +€2,928 | +7.6% |
| Recurring financial income | 75 | €38,537 | €41,465 | +€2,928 | +7.6% |
| Financial charges | 65/66B | €32,165 | €36,797 | +€4,632 | +14.4% |
| Recurring financial charges | 65 | €32,165 | €36,797 | +€4,632 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €115,149 | €355,065 | +€239,916 | +208.4% |
| Transfer from deferred taxes | 780 | €186 | €3,799 | +€3,612 | +1937.7% |
| Transfer to deferred taxes | 680 | - | €70,926 | +€70,926 | |
| Income taxes | 67/77 | €30,424 | €22,209 | -€8,215 | -27.0% |
| Profit (loss) for the period | 9904 | €84,911 | €265,728 | +€180,817 | +212.9% |
| Transfer from tax-exempt reserves | 789 | €559 | €11,396 | +€10,836 | +1937.8% |
| Transfer to tax-exempt reserves | 689 | - | €212,778 | +€212,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,470 | €64,346 | -€21,124 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.