CONSORTIUM: 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.
CONSORTIUM
Largest movements
- Receivables within one year -€9,409
down €9,409 (-11.2%), from €83,737 to €74,328
of which Trade receivables: -€17,508
- Cash -€3,197
down €3,197 (-94.7%), from €3,377 to €179
mainly Tax, wage and social debts (-€11,190) and Trade debts (-€5,916)
- Tax, wage and social debts -€11,190
down €11,190 (-30.7%), from €36,432 to €25,241
of which Remuneration and social security: -€13,953
- Trade debts -€5,916
down €5,916 (-18.1%), from €32,619 to €26,703
- Profit (loss) carried forward +€4,137
up €4,137 (+31.5%), from €13,142 to €17,279
- Staff costs -€20,891
down €20,891 (-7.6%), from €276,447 to €255,556
- Gross operating margin -€19,915
down €19,915 (-7.1%), from €281,062 to €261,147
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 | €87,192 | €74,586 | -€12,606 | -14.5% |
| Fixed assets | 21/28 | €79 | €79 | = | 0.0% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €87,113 | €74,507 | -€12,606 | -14.5% |
| Amounts receivable within one year | 40/41 | €83,737 | €74,328 | -€9,409 | -11.2% |
| Trade receivables | 40 | €80,020 | €62,512 | -€17,508 | -21.9% |
| Other amounts receivable | 41 | €3,717 | €11,816 | +€8,099 | +218% |
| Cash at bank and in hand | 54/58 | €3,377 | €179 | -€3,197 | -94.7% |
| Total equity and liabilities | 10/49 | €87,192 | €74,586 | -€12,606 | -14.5% |
| Equity | 10/15 | €18,142 | €22,279 | +€4,137 | +22.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,142 | €17,279 | +€4,137 | +31.5% |
| Amounts payable | 17/49 | €69,051 | €52,308 | -€16,743 | -24.2% |
| Amounts payable within one year | 42/48 | €69,051 | €52,308 | -€16,743 | -24.2% |
| Trade debts | 44 | €32,619 | €26,703 | -€5,916 | -18.1% |
| Suppliers | 440/4 | €32,619 | €26,703 | -€5,916 | -18.1% |
| Taxes, remuneration and social security | 45 | €36,432 | €25,241 | -€11,190 | -30.7% |
| Taxes | 450/3 | - | €2,763 | +€2,763 | |
| Remuneration and social security | 454/9 | €36,432 | €22,479 | -€13,953 | -38.3% |
| Other amounts payable | 47/48 | - | €364 | +€364 | |
| Remuneration, social security and pensions | 62 | €276,447 | €255,556 | -€20,891 | -7.6% |
| Other operating charges | 640/8 | - | €269 | +€269 | |
| Gross operating margin | 9900 | €281,062 | €261,147 | -€19,915 | -7.1% |
| Operating profit (loss) | 9901 | €4,615 | €5,321 | +€706 | +15.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Non-recurring financial income | 76B | €4 | - | -€4 | |
| Financial charges | 65/66B | €460 | €268 | -€192 | -41.8% |
| Recurring financial charges | 65 | €460 | €268 | -€192 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €4,159 | €5,053 | +€894 | +21.5% |
| Income taxes | 67/77 | - | €916 | +€916 | |
| Profit (loss) for the period | 9904 | €4,159 | €4,137 | -€22 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,159 | €4,137 | -€22 | -0.5% |
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 17 October 2026 via checked.be.