Constant van Blerk: 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 van Blerk
Largest movements
- Cash +€22,325
up €22,325 (+465%), from €4,796 to €27,121
mainly Debts after one year (+€27,000) and Stocks and contracts (+€20,260)
- Stocks and contracts -€20,260
down €20,260 (-8.8%), from €229,727 to €209,467
- Debts after one year +€27,000
up €27,000 (+12.7%), from €212,872 to €239,872
- Profit (loss) carried forward -€22,702
down €22,702 (-24.3%), from -€93,330 to -€116,032
- Other operating charges -€101,831
down €101,831 (-99.4%), from €102,407 to €575
- Write-downs +€96,233
no longer reported in 2025 (was -€96,233)
- Gross operating margin -€52,852
down €52,852, from €32,157 to -€20,695
- Financial income -€379
no longer reported in 2025 (was €379)
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 | €243,296 | €246,987 | +€3,690 | +1.5% |
| Fixed assets | 21/28 | €372 | €372 | = | 0.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €242,925 | €246,615 | +€3,690 | +1.5% |
| Stocks and contracts in progress | 3 | €229,727 | €209,467 | -€20,260 | -8.8% |
| Stocks | 30/36 | €229,727 | €209,467 | -€20,260 | -8.8% |
| Amounts receivable within one year | 40/41 | €8,401 | €8,690 | +€289 | +3.4% |
| Trade receivables | 40 | €5,581 | €5,581 | = | 0.0% |
| Other amounts receivable | 41 | €2,820 | €3,109 | +€289 | +10.2% |
| Cash at bank and in hand | 54/58 | €4,796 | €27,121 | +€22,325 | +465% |
| Deferred charges and accrued income | 490/1 | - | €1,337 | +€1,337 | |
| Total equity and liabilities | 10/49 | €243,296 | €246,987 | +€3,690 | +1.5% |
| Equity | 10/15 | €11,007 | -€11,695 | -€22,702 | |
| Contributions | 10/11 | €94,852 | €94,852 | = | 0.0% |
| Capital | 10 | €94,852 | €94,852 | = | 0.0% |
| Issued capital | 100 | €94,852 | €94,852 | = | 0.0% |
| Reserves | 13 | €9,485 | €9,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,485 | €9,485 | = | 0.0% |
| Legal reserve | 130 | €9,485 | €9,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,330 | -€116,032 | -€22,702 | -24.3% |
| Amounts payable | 17/49 | €232,289 | €258,682 | +€26,392 | +11.4% |
| Amounts payable after more than one year | 17 | €212,872 | €239,872 | +€27,000 | +12.7% |
| Other amounts payable | 178/9 | €212,872 | €239,872 | +€27,000 | +12.7% |
| Amounts payable within one year | 42/48 | €19,417 | €18,810 | -€608 | -3.1% |
| Trade debts | 44 | €17,417 | €18,710 | +€1,292 | +7.4% |
| Suppliers | 440/4 | €17,417 | €18,710 | +€1,292 | +7.4% |
| Other amounts payable | 47/48 | €2,000 | €100 | -€1,900 | -95.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€96,233 | - | +€96,233 | |
| Other operating charges | 640/8 | €102,407 | €575 | -€101,831 | -99.4% |
| Gross operating margin | 9900 | €32,157 | -€20,695 | -€52,852 | |
| Operating profit (loss) | 9901 | €25,983 | -€21,270 | -€47,253 | |
| Financial income | 75/76B | €379 | - | -€379 | |
| Recurring financial income | 75 | €379 | - | -€379 | |
| Financial charges | 65/66B | €1,692 | €1,432 | -€260 | -15.4% |
| Recurring financial charges | 65 | €1,692 | €1,432 | -€260 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €24,670 | -€22,702 | -€47,372 | |
| Profit (loss) for the period | 9904 | €24,670 | -€22,702 | -€47,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,670 | -€22,702 | -€47,372 |
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 21 October 2026 via checked.be.