CONSTANDT: 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.
CONSTANDT
Largest movements
- Cash -€106,324
down €106,324 (-45.6%), from €233,332 to €127,008
mainly Investment in fixed assets (net) (-€152,031) and Receivables within one year (-€73,674)
- Receivables within one year +€73,674
up €73,674 (+7.8%), from €942,173 to €1.0m
of which Other amounts receivable: +€99,952
- Current investments +€54,438
up €54,438 (+50.5%), from €107,827 to €162,266
- Reserves +€216,987
up €216,987 (+13.2%), from €1.6m to €1.9m
of which Distributable reserves: +€216,987
- Current portion of long-term debt -€51,317
down €51,317 (-42.5%), from €120,687 to €69,370
- Tax, wage and social debts -€48,736
down €48,736 (-17.4%), from €279,914 to €231,179
of which Taxes: -€71,794
- Trade debts -€46,968
down €46,968 (-23.1%), from €203,390 to €156,422
- Accrued charges and deferred income -€25,000
down €25,000 (-22.6%), from €110,417 to €85,417
- Staff costs +€78,353
up €78,353 (+12.3%), from €637,876 to €716,230
- Gross operating margin +€35,163
up €35,163 (+3.2%), from €1.1m to €1.1m
- Other operating charges -€32,267
down €32,267 (-90.3%), from €35,723 to €3,456
- Financial charges +€31,679
up €31,679 (+110.4%), from €28,688 to €60,367
- Depreciation +€30,974
up €30,974 (+31.3%), from €98,921 to €129,895
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,431,635 | €2,493,897 | +€62,262 | +2.6% |
| Fixed assets | 21/28 | €325,789 | €347,924 | +€22,135 | +6.8% |
| Tangible fixed assets | 22/27 | €325,789 | €347,924 | +€22,135 | +6.8% |
| Plant, machinery and equipment | 23 | €67,673 | €123,443 | +€55,770 | +82.4% |
| Furniture and vehicles | 24 | €36,728 | €22,606 | -€14,123 | -38.5% |
| Other tangible fixed assets | 26 | €221,387 | €201,876 | -€19,512 | -8.8% |
| Current assets | 29/58 | €2,105,846 | €2,145,972 | +€40,126 | +1.9% |
| Amounts receivable after more than one year | 29 | €725,115 | €746,869 | +€21,753 | +3.0% |
| Other amounts receivable | 291 | €725,115 | €746,869 | +€21,753 | +3.0% |
| Stocks and contracts in progress | 3 | €78,522 | €80,092 | +€1,570 | +2.0% |
| Stocks | 30/36 | €78,522 | €80,092 | +€1,570 | +2.0% |
| Amounts receivable within one year | 40/41 | €942,173 | €1,015,847 | +€73,674 | +7.8% |
| Trade receivables | 40 | €77,565 | €51,287 | -€26,278 | -33.9% |
| Other amounts receivable | 41 | €864,609 | €964,561 | +€99,952 | +11.6% |
| Current investments | 50/53 | €107,827 | €162,266 | +€54,438 | +50.5% |
| Cash at bank and in hand | 54/58 | €233,332 | €127,008 | -€106,324 | -45.6% |
| Deferred charges and accrued income | 490/1 | €18,877 | €13,890 | -€4,986 | -26.4% |
| Total equity and liabilities | 10/49 | €2,431,635 | €2,493,897 | +€62,262 | +2.6% |
| Equity | 10/15 | €1,674,924 | €1,891,911 | +€216,987 | +13.0% |
| Contributions | 10/11 | €32,230 | €32,230 | = | 0.0% |
| Reserves | 13 | €1,642,694 | €1,859,681 | +€216,987 | +13.2% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Distributable reserves | 133 | €1,639,471 | €1,856,458 | +€216,987 | +13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €756,711 | €601,986 | -€154,725 | -20.4% |
| Amounts payable after more than one year | 17 | €42,302 | €59,598 | +€17,296 | +40.9% |
| Financial debts | 170/4 | €42,302 | €59,598 | +€17,296 | +40.9% |
| Amounts payable within one year | 42/48 | €603,992 | €456,971 | -€147,021 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €120,687 | €69,370 | -€51,317 | -42.5% |
| Trade debts | 44 | €203,390 | €156,422 | -€46,968 | -23.1% |
| Suppliers | 440/4 | €203,390 | €156,422 | -€46,968 | -23.1% |
| Taxes, remuneration and social security | 45 | €279,914 | €231,179 | -€48,736 | -17.4% |
| Taxes | 450/3 | €180,974 | €109,180 | -€71,794 | -39.7% |
| Remuneration and social security | 454/9 | €98,940 | €121,998 | +€23,058 | +23.3% |
| Accrued charges and deferred income | 492/3 | €110,417 | €85,417 | -€25,000 | -22.6% |
| Remuneration, social security and pensions | 62 | €637,876 | €716,230 | +€78,353 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,921 | €129,895 | +€30,974 | +31.3% |
| Other operating charges | 640/8 | €35,723 | €3,456 | -€32,267 | -90.3% |
| Gross operating margin | 9900 | €1,099,817 | €1,134,980 | +€35,163 | +3.2% |
| Operating profit (loss) | 9901 | €327,296 | €285,399 | -€41,897 | -12.8% |
| Financial income | 75/76B | €62,359 | €83,521 | +€21,163 | +33.9% |
| Recurring financial income | 75 | €62,359 | €83,521 | +€21,163 | +33.9% |
| Financial charges | 65/66B | €28,688 | €60,367 | +€31,679 | +110.4% |
| Recurring financial charges | 65 | €28,688 | €60,367 | +€31,679 | +110.4% |
| Profit (loss) for the period before taxes | 9903 | €360,967 | €308,553 | -€52,414 | -14.5% |
| Income taxes | 67/77 | €108,976 | €91,566 | -€17,409 | -16.0% |
| Profit (loss) for the period | 9904 | €251,991 | €216,987 | -€35,005 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €251,991 | €216,987 | -€35,005 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.