CONSTAN&ZOON: 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.
CONSTAN&ZOON
Largest movements
- Receivables within one year +€58,819
up €58,819 (+52.9%), from €111,182 to €170,001
of which Trade receivables: +€68,326
- Cash +€22,525
up €22,525 (+3090.6%), from €729 to €23,254
mainly Trade debts (+€70,429) and Depreciation (+€17,262)
- Tangible fixed assets -€5,846
down €5,846 (-27.1%), from €21,581 to €15,734
of which Furniture and vehicles: -€6,846
- Trade debts +€70,429
up €70,429 (+183.0%), from €38,494 to €108,923
of which Bills of exchange payable: +€69,542
- Reserves +€3,000
up €3,000 (+161.3%), from €1,860 to €4,860
of which Distributable reserves: +€3,000
- Profit (loss) carried forward +€2,926
up €2,926 (+5.9%), from €49,487 to €52,413
- Current portion of long-term debt +€2,573
up €2,573 (+31.9%), from €8,079 to €10,653
- Debts after one year -€2,389
down €2,389 (-14.4%), from €16,621 to €14,232
- Gross operating margin +€4,920
up €4,920 (+23.8%), from €20,699 to €25,619
- Depreciation +€3,807
up €3,807 (+28.3%), from €13,456 to €17,262
- Financial charges -€3,602
down €3,602 (-97.2%), from €3,707 to €105
of which Non-recurring financial charges: -€3,547
- Financial income -€2,795
down €2,795 (-78.8%), from €3,547 to €752
of which Financial income: -€2,795
- Taxes +€390
up €390 (+18.4%), from €2,118 to €2,508
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 | €133,491 | €208,989 | +€75,498 | +56.6% |
| Fixed assets | 21/28 | €21,581 | €15,734 | -€5,846 | -27.1% |
| Tangible fixed assets | 22/27 | €21,581 | €15,734 | -€5,846 | -27.1% |
| Plant, machinery and equipment | 23 | - | €1,000 | +€1,000 | |
| Furniture and vehicles | 24 | €21,581 | €14,734 | -€6,846 | -31.7% |
| Current assets | 29/58 | €111,911 | €193,255 | +€81,344 | +72.7% |
| Amounts receivable within one year | 40/41 | €111,182 | €170,001 | +€58,819 | +52.9% |
| Trade receivables | 40 | €22,445 | €90,771 | +€68,326 | +304.4% |
| Other amounts receivable | 41 | €88,737 | €79,231 | -€9,506 | -10.7% |
| Cash at bank and in hand | 54/58 | €729 | €23,254 | +€22,525 | +3090.6% |
| Total equity and liabilities | 10/49 | €133,491 | €208,989 | +€75,498 | +56.6% |
| Equity | 10/15 | €66,747 | €72,673 | +€5,926 | +8.9% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,860 | +€3,000 | +161.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €49,487 | €52,413 | +€2,926 | +5.9% |
| Amounts payable | 17/49 | €66,744 | €136,316 | +€69,572 | +104.2% |
| Amounts payable after more than one year | 17 | €16,621 | €14,232 | -€2,389 | -14.4% |
| Financial debts | 170/4 | €16,621 | €14,232 | -€2,389 | -14.4% |
| Amounts payable within one year | 42/48 | €50,123 | €122,083 | +€71,960 | +143.6% |
| Current portion of amounts payable after more than one year | 42 | €8,079 | €10,653 | +€2,573 | +31.9% |
| Trade debts | 44 | €38,494 | €108,923 | +€70,429 | +183.0% |
| Suppliers | 440/4 | €1,658 | €2,544 | +€886 | +53.4% |
| Bills of exchange payable | 441 | €36,836 | €106,378 | +€69,542 | +188.8% |
| Taxes, remuneration and social security | 45 | €3,550 | €2,508 | -€1,042 | -29.3% |
| Taxes | 450/3 | €3,550 | €2,508 | -€1,042 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,456 | €17,262 | +€3,807 | +28.3% |
| Other operating charges | 640/8 | €613 | €569 | -€44 | -7.2% |
| Gross operating margin | 9900 | €20,699 | €25,619 | +€4,920 | +23.8% |
| Operating profit (loss) | 9901 | €6,630 | €7,787 | +€1,157 | +17.5% |
| Financial income | 75/76B | €3,547 | €752 | -€2,795 | -78.8% |
| Recurring financial income | 75 | €3,547 | €752 | -€2,795 | -78.8% |
| Non-recurring financial income | 76B | €3,547 | €752 | -€2,795 | -78.8% |
| Financial charges | 65/66B | €3,707 | €105 | -€3,602 | -97.2% |
| Recurring financial charges | 65 | €160 | €105 | -€55 | -34.5% |
| Non-recurring financial charges | 66B | €3,547 | - | -€3,547 | |
| Profit (loss) for the period before taxes | 9903 | €6,470 | €8,434 | +€1,965 | +30.4% |
| Income taxes | 67/77 | €2,118 | €2,508 | +€390 | +18.4% |
| Profit (loss) for the period | 9904 | €4,352 | €5,926 | +€1,575 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,352 | €5,926 | +€1,575 | +36.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.