CONSTANTIN: 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.
CONSTANTIN
Largest movements
- Receivables within one year -€36,662
down €36,662 (-31.9%), from €114,888 to €78,225
of which Other amounts receivable: -€35,808
- Cash +€6,004
up €6,004 (+362.8%), from €1,655 to €7,659
mainly Receivables within one year (+€36,662) and Net result for the year (+€18,931)
- Tangible fixed assets -€3,317
down €3,317 (-33.4%), from €9,922 to €6,605
of which Furniture and vehicles: -€3,518
- Trade debts -€70,340
down €70,340 (-87.7%), from €80,169 to €9,829
- Profit (loss) carried forward +€18,789
up €18,789 (+51.2%), from €36,668 to €55,457
- Accrued charges and deferred income +€17,066
new in 2023: €17,066
- Staff costs +€31,534
up €31,534 (+233.0%), from €13,532 to €45,066
- Gross operating margin +€24,881
up €24,881 (+46.6%), from €53,380 to €78,261
- Financial income -€6,078
no longer reported in 2023 (was €6,078)
- Other operating charges +€2,628
up €2,628 (+237.7%), from €1,106 to €3,733
- Taxes -€2,064
down €2,064 (-24.7%), from €8,371 to €6,308
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,664 | €93,689 | -€33,976 | -26.6% |
| Fixed assets | 21/28 | €11,122 | €7,805 | -€3,317 | -29.8% |
| Tangible fixed assets | 22/27 | €9,922 | €6,605 | -€3,317 | -33.4% |
| Plant, machinery and equipment | 23 | €671 | €872 | +€201 | +30.0% |
| Furniture and vehicles | 24 | €9,251 | €5,732 | -€3,518 | -38.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €116,542 | €85,884 | -€30,659 | -26.3% |
| Amounts receivable within one year | 40/41 | €114,888 | €78,225 | -€36,662 | -31.9% |
| Trade receivables | 40 | €12,258 | €11,404 | -€854 | -7.0% |
| Other amounts receivable | 41 | €102,630 | €66,822 | -€35,808 | -34.9% |
| Cash at bank and in hand | 54/58 | €1,655 | €7,659 | +€6,004 | +362.8% |
| Total equity and liabilities | 10/49 | €127,664 | €93,689 | -€33,976 | -26.6% |
| Equity | 10/15 | €39,168 | €57,957 | +€18,789 | +48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | - | €2,500 | +€2,500 | |
| Issued capital | 100 | - | €2,500 | +€2,500 | |
| Outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €36,668 | €55,457 | +€18,789 | +51.2% |
| Amounts payable | 17/49 | €88,496 | €35,731 | -€52,765 | -59.6% |
| Amounts payable within one year | 42/48 | €88,496 | €18,665 | -€69,830 | -78.9% |
| Trade debts | 44 | €80,169 | €9,829 | -€70,340 | -87.7% |
| Suppliers | 440/4 | €80,169 | €9,829 | -€70,340 | -87.7% |
| Taxes, remuneration and social security | 45 | €8,327 | €8,836 | +€510 | +6.1% |
| Taxes | 450/3 | €8,327 | €6,474 | -€1,853 | -22.3% |
| Remuneration and social security | 454/9 | €0 | €2,362 | +€2,362 | +23624000.0% |
| Accrued charges and deferred income | 492/3 | - | €17,066 | +€17,066 | |
| Remuneration, social security and pensions | 62 | €13,532 | €45,066 | +€31,534 | +233.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,727 | €4,053 | +€326 | +8.7% |
| Other operating charges | 640/8 | €1,106 | €3,733 | +€2,628 | +237.7% |
| Gross operating margin | 9900 | €53,380 | €78,261 | +€24,881 | +46.6% |
| Operating profit (loss) | 9901 | €35,015 | €25,409 | -€9,606 | -27.4% |
| Financial income | 75/76B | €6,078 | - | -€6,078 | |
| Recurring financial income | 75 | €6,078 | - | -€6,078 | |
| Financial charges | 65/66B | €36 | €170 | +€134 | +374.0% |
| Recurring financial charges | 65 | €36 | €170 | +€134 | +374.0% |
| Profit (loss) for the period before taxes | 9903 | €41,057 | €25,239 | -€15,818 | -38.5% |
| Income taxes | 67/77 | €8,371 | €6,308 | -€2,064 | -24.7% |
| Profit (loss) for the period | 9904 | €32,686 | €18,931 | -€13,754 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,686 | €18,931 | -€13,754 | -42.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.