CONSTANCE K: 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 K
Largest movements
- Receivables within one year +€43,955
up €43,955 (+21.6%), from €203,900 to €247,854
of which Trade receivables: +€43,955
- Cash +€32,833
up €32,833 (+100.9%), from €32,548 to €65,381
mainly Net result for the year (+€253,144) and Tax, wage and social debts (+€47,390)
- Tangible fixed assets +€14,511
up €14,511 (+20.6%), from €70,491 to €85,002
of which Furniture and vehicles: +€9,556
- Profit (loss) carried forward +€73,144
up €73,144 (+62.0%), from €117,886 to €191,030
- Tax, wage and social debts +€47,390
up €47,390 (+61.7%), from €76,824 to €124,214
- Short-term financial debts -€11,469
down €11,469 (-36.4%), from €31,469 to €20,000
- Debts after one year -€9,321
down €9,321 (-17.4%), from €53,600 to €44,279
- Gross operating margin +€41,582
up €41,582 (+13.3%), from €312,122 to €353,704
- Taxes +€15,937
up €15,937 (+20.3%), from €78,485 to €94,422
- Other operating charges -€9,076
down €9,076 (-95.1%), from €9,539 to €463
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 | €308,689 | €399,987 | +€91,298 | +29.6% |
| Fixed assets | 21/28 | €72,241 | €86,752 | +€14,511 | +20.1% |
| Tangible fixed assets | 22/27 | €70,491 | €85,002 | +€14,511 | +20.6% |
| Land and buildings | 22 | €69,000 | €69,000 | = | 0.0% |
| Furniture and vehicles | 24 | €1,491 | €11,047 | +€9,556 | +641.1% |
| Other tangible fixed assets | 26 | - | €4,955 | +€4,955 | |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €236,448 | €313,235 | +€76,787 | +32.5% |
| Amounts receivable within one year | 40/41 | €203,900 | €247,854 | +€43,955 | +21.6% |
| Trade receivables | 40 | €173,265 | €217,220 | +€43,955 | +25.4% |
| Other amounts receivable | 41 | €30,635 | €30,635 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,548 | €65,381 | +€32,833 | +100.9% |
| Total equity and liabilities | 10/49 | €308,689 | €399,987 | +€91,298 | +29.6% |
| Equity | 10/15 | €125,946 | €199,090 | +€73,144 | +58.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,886 | €191,030 | +€73,144 | +62.0% |
| Amounts payable | 17/49 | €182,742 | €200,897 | +€18,155 | +9.9% |
| Amounts payable after more than one year | 17 | €53,600 | €44,279 | -€9,321 | -17.4% |
| Financial debts | 170/4 | €53,600 | €44,279 | -€9,321 | -17.4% |
| Amounts payable within one year | 42/48 | €129,142 | €156,618 | +€27,476 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €13,017 | €9,321 | -€3,696 | -28.4% |
| Financial debts | 43 | €31,469 | €20,000 | -€11,469 | -36.4% |
| Credit institutions | 430/8 | €31,469 | €20,000 | -€11,469 | -36.4% |
| Trade debts | 44 | €4,473 | €1,503 | -€2,970 | -66.4% |
| Suppliers | 440/4 | €4,473 | €1,503 | -€2,970 | -66.4% |
| Taxes, remuneration and social security | 45 | €76,824 | €124,214 | +€47,390 | +61.7% |
| Taxes | 450/3 | €76,824 | €124,214 | +€47,390 | +61.7% |
| Other amounts payable | 47/48 | €3,358 | €1,580 | -€1,779 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €1,760 | +€1,163 | +195.1% |
| Other operating charges | 640/8 | €9,539 | €463 | -€9,076 | -95.1% |
| Gross operating margin | 9900 | €312,122 | €353,704 | +€41,582 | +13.3% |
| Operating profit (loss) | 9901 | €301,986 | €351,481 | +€49,495 | +16.4% |
| Financial income | 75/76B | €3 | €13 | +€10 | +385.8% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +385.8% |
| Financial charges | 65/66B | €3,946 | €3,928 | -€18 | -0.5% |
| Recurring financial charges | 65 | €3,946 | €3,928 | -€18 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €298,043 | €347,566 | +€49,523 | +16.6% |
| Income taxes | 67/77 | €78,485 | €94,422 | +€15,937 | +20.3% |
| Profit (loss) for the period | 9904 | €219,558 | €253,144 | +€33,586 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €219,558 | €253,144 | +€33,586 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.