ConsTand: 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.
ConsTand
Largest movements
- Cash +€96,195
up €96,195 (+405.7%), from €23,713 to €119,908
mainly Depreciation (+€89,286) and Other debts (+€34,278)
- Tangible fixed assets -€91,346
down €91,346 (-14.8%), from €617,703 to €526,357
of which Other tangible fixed assets: -€64,065
- Receivables within one year +€10,387
up €10,387 (+98.0%), from €10,597 to €20,985
of which Trade receivables: +€10,411
- Stocks and contracts -€9,858
down €9,858 (-27.1%), from €36,356 to €26,498
- Reserves -€34,803
down €34,803 (-10.3%), from €339,000 to €304,197
- Other debts +€34,278
up €34,278 (+108.2%), from €31,668 to €65,946
- Staff costs +€50,856
up €50,856 (+18.7%), from €272,477 to €323,333
- Gross operating margin -€48,526
down €48,526 (-11.1%), from €435,552 to €387,026
- Taxes -€13,886
down €13,886 (-100.0%), from €13,886 to €0
- Other operating charges -€11,907
down €11,907 (-77.1%), from €15,445 to €3,538
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 | €711,904 | €716,962 | +€5,058 | +0.7% |
| Fixed assets | 21/28 | €637,397 | €546,051 | -€91,346 | -14.3% |
| Tangible fixed assets | 22/27 | €617,703 | €526,357 | -€91,346 | -14.8% |
| Plant, machinery and equipment | 23 | €81,668 | €55,570 | -€26,098 | -32.0% |
| Furniture and vehicles | 24 | €3,925 | €2,742 | -€1,183 | -30.1% |
| Other tangible fixed assets | 26 | €532,111 | €468,045 | -€64,065 | -12.0% |
| Financial fixed assets | 28 | €19,694 | €19,694 | = | 0.0% |
| Current assets | 29/58 | €74,507 | €170,911 | +€96,404 | +129.4% |
| Stocks and contracts in progress | 3 | €36,356 | €26,498 | -€9,858 | -27.1% |
| Stocks | 30/36 | €36,356 | €26,498 | -€9,858 | -27.1% |
| Amounts receivable within one year | 40/41 | €10,597 | €20,985 | +€10,387 | +98.0% |
| Trade receivables | 40 | €10,574 | €20,985 | +€10,411 | +98.5% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,713 | €119,908 | +€96,195 | +405.7% |
| Deferred charges and accrued income | 490/1 | €3,841 | €3,520 | -€321 | -8.4% |
| Total equity and liabilities | 10/49 | €711,904 | €716,962 | +€5,058 | +0.7% |
| Equity | 10/15 | €391,261 | €354,197 | -€37,064 | -9.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €339,000 | €304,197 | -€34,803 | -10.3% |
| Distributable reserves | 133 | €339,000 | €304,197 | -€34,803 | -10.3% |
| Profit (loss) carried forward | 14 | €2,261 | €0 | -€2,261 | -100.0% |
| Amounts payable | 17/49 | €320,643 | €362,765 | +€42,122 | +13.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €195,264 | €237,175 | +€41,911 | +21.5% |
| Trade debts | 44 | €94,227 | €94,964 | +€737 | +0.8% |
| Suppliers | 440/4 | €94,227 | €94,964 | +€737 | +0.8% |
| Advances received on contracts in progress | 46 | €14,465 | €16,959 | +€2,494 | +17.2% |
| Taxes, remuneration and social security | 45 | €54,905 | €59,307 | +€4,402 | +8.0% |
| Taxes | 450/3 | €13,886 | €1,801 | -€12,086 | -87.0% |
| Remuneration and social security | 454/9 | €41,019 | €57,506 | +€16,488 | +40.2% |
| Other amounts payable | 47/48 | €31,668 | €65,946 | +€34,278 | +108.2% |
| Accrued charges and deferred income | 492/3 | €25,379 | €25,590 | +€211 | +0.8% |
| Remuneration, social security and pensions | 62 | €272,477 | €323,333 | +€50,856 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,160 | €89,286 | +€3,126 | +3.6% |
| Other operating charges | 640/8 | €15,445 | €3,538 | -€11,907 | -77.1% |
| Gross operating margin | 9900 | €435,552 | €387,026 | -€48,526 | -11.1% |
| Operating profit (loss) | 9901 | €61,470 | -€29,131 | -€90,601 | |
| Financial income | 75/76B | €1,303 | €33 | -€1,269 | -97.4% |
| Recurring financial income | 75 | €1,303 | €33 | -€1,269 | -97.4% |
| Financial charges | 65/66B | €11,153 | €7,966 | -€3,187 | -28.6% |
| Recurring financial charges | 65 | €11,153 | €7,966 | -€3,187 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €51,619 | -€37,064 | -€88,683 | |
| Income taxes | 67/77 | €13,886 | €0 | -€13,886 | -100.0% |
| Profit (loss) for the period | 9904 | €37,733 | -€37,064 | -€74,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,733 | -€37,064 | -€74,797 |
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 7 October 2026 via checked.be.