Constant Top Management Consulting: 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 Top Management Consulting
Largest movements
- Cash -€25,205
down €25,205 (-66.6%), from €37,835 to €12,630
mainly Net result for the year (-€28,431) and Receivables within one year (-€11,478)
- Receivables within one year +€11,478
up €11,478 (+4,803%), from €239 to €11,717
of which Trade receivables: +€11,666
- Tangible fixed assets -€2,384
down €2,384 (-31.0%), from €7,694 to €5,310
of which Furniture and vehicles: -€1,687
- Deferred charges and accrued income -€2,270
down €2,270 (-79.8%), from €2,844 to €574
- Profit (loss) carried forward -€28,431
down €28,431 (-191%), from -€14,906 to -€43,337
- Tax, wage and social debts +€5,495
up €5,495 (+807%), from €681 to €6,176
- Other debts +€3,673
new in 2025: €3,673
- Trade debts +€882
up €882 (+56.1%), from €1,572 to €2,454
- Gross operating margin -€42,736
down €42,736, from €17,115 to -€25,621
- Other operating charges -€560
down €560 (-72.4%), from €773 to €213
- Depreciation +€292
up €292 (+14.0%), from €2,092 to €2,384
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.
Derived cash bridge
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 | €48,612 | €30,231 | -€18,381 | -37.8% |
| Fixed assets | 21/28 | €7,694 | €5,310 | -€2,384 | -31.0% |
| Tangible fixed assets | 22/27 | €7,694 | €5,310 | -€2,384 | -31.0% |
| Plant, machinery and equipment | 23 | €2,414 | €1,717 | -€697 | -28.9% |
| Furniture and vehicles | 24 | €5,280 | €3,593 | -€1,687 | -32.0% |
| Current assets | 29/58 | €40,918 | €24,921 | -€15,997 | -39.1% |
| Amounts receivable within one year | 40/41 | €239 | €11,717 | +€11,478 | +4,803% |
| Trade receivables | 40 | - | €11,666 | +€11,666 | |
| Other amounts receivable | 41 | €239 | €51 | -€188 | -78.7% |
| Cash at bank and in hand | 54/58 | €37,835 | €12,630 | -€25,205 | -66.6% |
| Deferred charges and accrued income | 490/1 | €2,844 | €574 | -€2,270 | -79.8% |
| Total equity and liabilities | 10/49 | €48,612 | €30,231 | -€18,381 | -37.8% |
| Equity | 10/15 | €46,359 | €17,928 | -€28,431 | -61.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,265 | €59,265 | = | 0.0% |
| Distributable reserves | 133 | €59,265 | €59,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,906 | -€43,337 | -€28,431 | -191% |
| Amounts payable | 17/49 | €2,253 | €12,303 | +€10,050 | +446% |
| Amounts payable within one year | 42/48 | €2,253 | €12,303 | +€10,050 | +446% |
| Trade debts | 44 | €1,572 | €2,454 | +€882 | +56.1% |
| Suppliers | 440/4 | €1,572 | €2,454 | +€882 | +56.1% |
| Taxes, remuneration and social security | 45 | €681 | €6,176 | +€5,495 | +807% |
| Taxes | 450/3 | €681 | €6,176 | +€5,495 | +807% |
| Other amounts payable | 47/48 | - | €3,673 | +€3,673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,092 | €2,384 | +€292 | +14.0% |
| Other operating charges | 640/8 | €773 | €213 | -€560 | -72.4% |
| Gross operating margin | 9900 | €17,115 | -€25,621 | -€42,736 | |
| Operating profit (loss) | 9901 | €14,250 | -€28,218 | -€42,468 | |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.3% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €14,181 | -€28,290 | -€42,471 | |
| Income taxes | 67/77 | €142 | €141 | -€1 | -0.7% |
| Profit (loss) for the period | 9904 | €14,039 | -€28,431 | -€42,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,039 | -€28,431 | -€42,470 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.