CONSTANT & Co: 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.
CONSTANT & Co
Largest movements
- Receivables within one year -€203,613
down €203,613 (-77.4%), from €263,171 to €59,558
of which Other amounts receivable: -€130,963
- Tangible fixed assets -€65,347
down €65,347 (-97.7%), from €66,900 to €1,553
of which Furniture and vehicles: -€65,078
- Cash +€29,372
up €29,372 (+48.1%), from €61,008 to €90,380
mainly Receivables within one year (+€203,613) and Depreciation (+€65,781)
- Deferred charges and accrued income +€11,115
up €11,115 (+73.5%), from €15,121 to €26,237
- Profit (loss) carried forward -€136,235
down €136,235 (-89.2%), from €152,723 to €16,487
- Debts after one year -€64,678
no longer reported in 2025 (was €64,678)
- Trade debts -€15,368
down €15,368 (-21.5%), from €71,545 to €56,177
- Current portion of long-term debt -€11,431
down €11,431 (-13.9%), from €82,519 to €71,088
- Gross operating margin +€171,061
up €171,061 (+41.5%), from €411,960 to €583,020
- Staff costs +€38,288
up €38,288 (+9.8%), from €390,822 to €429,110
- Depreciation -€34,569
down €34,569 (-34.4%), from €100,350 to €65,781
- Write-downs +€16,964
new in 2025: €16,964
- Financial charges -€15,911
down €15,911 (-81.1%), from €19,609 to €3,698
of which Non-recurring financial charges: -€15,617
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 | €407,624 | €179,151 | -€228,473 | -56.0% |
| Fixed assets | 21/28 | €68,324 | €2,976 | -€65,347 | -95.6% |
| Tangible fixed assets | 22/27 | €66,900 | €1,553 | -€65,347 | -97.7% |
| Plant, machinery and equipment | 23 | €1,822 | €1,553 | -€270 | -14.8% |
| Furniture and vehicles | 24 | €65,078 | - | -€65,078 | |
| Financial fixed assets | 28 | €1,424 | €1,424 | = | 0.0% |
| Current assets | 29/58 | €339,300 | €176,175 | -€163,125 | -48.1% |
| Amounts receivable within one year | 40/41 | €263,171 | €59,558 | -€203,613 | -77.4% |
| Trade receivables | 40 | €128,768 | €56,118 | -€72,650 | -56.4% |
| Other amounts receivable | 41 | €134,403 | €3,440 | -€130,963 | -97.4% |
| Cash at bank and in hand | 54/58 | €61,008 | €90,380 | +€29,372 | +48.1% |
| Deferred charges and accrued income | 490/1 | €15,121 | €26,237 | +€11,115 | +73.5% |
| Total equity and liabilities | 10/49 | €407,624 | €179,151 | -€228,473 | -56.0% |
| Equity | 10/15 | €173,183 | €36,947 | -€136,235 | -78.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,723 | €16,487 | -€136,235 | -89.2% |
| Amounts payable | 17/49 | €234,441 | €142,204 | -€92,237 | -39.3% |
| Amounts payable after more than one year | 17 | €64,678 | - | -€64,678 | |
| Financial debts | 170/4 | €64,678 | - | -€64,678 | |
| Amounts payable within one year | 42/48 | €169,763 | €142,204 | -€27,559 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €82,519 | €71,088 | -€11,431 | -13.9% |
| Trade debts | 44 | €71,545 | €56,177 | -€15,368 | -21.5% |
| Suppliers | 440/4 | €71,545 | €56,177 | -€15,368 | -21.5% |
| Taxes, remuneration and social security | 45 | €13,334 | €12,547 | -€788 | -5.9% |
| Taxes | 450/3 | €4,273 | €5,886 | +€1,613 | +37.8% |
| Remuneration and social security | 454/9 | €9,062 | €6,660 | -€2,401 | -26.5% |
| Other amounts payable | 47/48 | €2,365 | €2,392 | +€27 | +1.1% |
| Non-recurring operating income | 76A | €863 | - | -€863 | |
| Remuneration, social security and pensions | 62 | €390,822 | €429,110 | +€38,288 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,350 | €65,781 | -€34,569 | -34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,964 | +€16,964 | |
| Other operating charges | 640/8 | €29,102 | €34,527 | +€5,425 | +18.6% |
| Gross operating margin | 9900 | €411,960 | €583,020 | +€171,061 | +41.5% |
| Operating profit (loss) | 9901 | -€108,315 | €36,638 | +€144,953 | |
| Financial income | 75/76B | €1,485 | €399 | -€1,086 | -73.1% |
| Recurring financial income | 75 | €1,485 | €99 | -€1,386 | -93.3% |
| Non-recurring financial income | 76B | - | €300 | +€300 | |
| Financial charges | 65/66B | €19,609 | €3,698 | -€15,911 | -81.1% |
| Recurring financial charges | 65 | €3,992 | €3,698 | -€294 | -7.4% |
| Non-recurring financial charges | 66B | €15,617 | - | -€15,617 | |
| Profit (loss) for the period before taxes | 9903 | -€126,439 | €33,339 | +€159,778 | |
| Income taxes | 67/77 | €856 | €364 | -€491 | -57.4% |
| Profit (loss) for the period | 9904 | -€127,295 | €32,975 | +€160,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€127,295 | €32,975 | +€160,269 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.