CONSTANCE: 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.
CONSTANCE
Largest movements
- Cash +€17,532
up €17,532 (+145.8%), from €12,023 to €29,554
mainly Depreciation (+€28,631) and Debts after one year (+€27,433)
- Debts after one year +€27,433
up €27,433 (+74.6%), from €36,779 to €64,212
of which Financial debts: +€27,433
- Other debts -€10,795
down €10,795 (-10.9%), from €99,398 to €88,603
- Profit (loss) carried forward +€10,003
up €10,003 (+8.4%), from €118,762 to €128,765
- Gross operating margin -€32,983
down €32,983 (-36.9%), from €89,440 to €56,456
- Taxes -€10,713
down €10,713 (-76.9%), from €13,932 to €3,220
- Depreciation +€6,017
up €6,017 (+26.6%), from €22,614 to €28,631
- Financial charges +€1,658
up €1,658 (+496.6%), from €334 to €1,991
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 | €610,472 | €627,209 | +€16,737 | +2.7% |
| Fixed assets | 21/28 | €318,994 | €317,796 | -€1,198 | -0.4% |
| Tangible fixed assets | 22/27 | €318,994 | €317,796 | -€1,198 | -0.4% |
| Land and buildings | 22 | €163,511 | €163,511 | = | 0.0% |
| Plant, machinery and equipment | 23 | €144,631 | €146,835 | +€2,204 | +1.5% |
| Furniture and vehicles | 24 | €10,852 | €7,450 | -€3,402 | -31.3% |
| Current assets | 29/58 | €291,478 | €309,413 | +€17,935 | +6.2% |
| Current investments | 50/53 | €268,005 | €268,005 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,023 | €29,554 | +€17,532 | +145.8% |
| Deferred charges and accrued income | 490/1 | €11,450 | €11,854 | +€404 | +3.5% |
| Total equity and liabilities | 10/49 | €610,472 | €627,209 | +€16,737 | +2.7% |
| Equity | 10/15 | €454,417 | €464,420 | +€10,003 | +2.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €274,155 | €274,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €274,155 | €274,155 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Own shares acquired | 1312 | €268,005 | €268,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,762 | €128,765 | +€10,003 | +8.4% |
| Amounts payable | 17/49 | €156,055 | €162,789 | +€6,734 | +4.3% |
| Amounts payable after more than one year | 17 | €36,779 | €64,212 | +€27,433 | +74.6% |
| Financial debts | 170/4 | €30,329 | €57,762 | +€27,433 | +90.5% |
| Other amounts payable | 178/9 | €6,450 | €6,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,737 | €92,326 | -€18,411 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €4,831 | €0 | -€4,831 | -100.0% |
| Trade debts | 44 | €3,068 | €466 | -€2,601 | -84.8% |
| Suppliers | 440/4 | €3,068 | €466 | -€2,601 | -84.8% |
| Taxes, remuneration and social security | 45 | €3,441 | €3,257 | -€184 | -5.3% |
| Taxes | 450/3 | €3,441 | €3,257 | -€184 | -5.3% |
| Other amounts payable | 47/48 | €99,398 | €88,603 | -€10,795 | -10.9% |
| Accrued charges and deferred income | 492/3 | €8,539 | €6,251 | -€2,287 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,614 | €28,631 | +€6,017 | +26.6% |
| Other operating charges | 640/8 | €12,456 | €12,735 | +€279 | +2.2% |
| Gross operating margin | 9900 | €89,440 | €56,456 | -€32,983 | -36.9% |
| Operating profit (loss) | 9901 | €54,370 | €15,091 | -€39,279 | -72.2% |
| Financial income | 75/76B | €1 | €123 | +€123 | +20800.0% |
| Recurring financial income | 75 | €1 | €123 | +€123 | +20800.0% |
| Financial charges | 65/66B | €334 | €1,991 | +€1,658 | +496.6% |
| Recurring financial charges | 65 | €334 | €1,991 | +€1,658 | +496.6% |
| Profit (loss) for the period before taxes | 9903 | €54,037 | €13,223 | -€40,814 | -75.5% |
| Income taxes | 67/77 | €13,932 | €3,220 | -€10,713 | -76.9% |
| Profit (loss) for the period | 9904 | €40,105 | €10,003 | -€30,102 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,105 | €10,003 | -€30,102 | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.