CONSTANTIN GROUP: 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.
CONSTANTIN GROUP
Largest movements
- Tangible fixed assets -€7,326
down €7,326 (-3.3%), from €221,655 to €214,329
- Debts after one year +€20,849
up €20,849 (+14.5%), from €143,897 to €164,746
- Profit (loss) carried forward -€17,822
down €17,822 (-18.6%), from -€95,900 to -€113,722
- Other debts -€13,834
down €13,834 (-9.5%), from €145,950 to €132,115
- Accrued charges and deferred income +€2,863
up €2,863 (+87.5%), from €3,272 to €6,134
- Gross operating margin -€4,197
down €4,197 (-558%), from -€751 to -€4,948
- Other operating charges -€2,244
down €2,244 (-40.8%), from €5,494 to €3,250
- Financial charges -€784
down €784 (-25.4%), from €3,083 to €2,299
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 | €221,655 | €214,513 | -€7,142 | -3.2% |
| Fixed assets | 21/28 | €221,655 | €214,329 | -€7,326 | -3.3% |
| Tangible fixed assets | 22/27 | €221,655 | €214,329 | -€7,326 | -3.3% |
| Land and buildings | 22 | €221,655 | €214,329 | -€7,326 | -3.3% |
| Current assets | 29/58 | - | €184 | +€184 | |
| Cash at bank and in hand | 54/58 | - | €184 | +€184 | |
| Total equity and liabilities | 10/49 | €221,655 | €214,513 | -€7,142 | -3.2% |
| Equity | 10/15 | -€85,900 | -€103,722 | -€17,822 | -20.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,900 | -€113,722 | -€17,822 | -18.6% |
| Amounts payable | 17/49 | €307,555 | €318,235 | +€10,680 | +3.5% |
| Amounts payable after more than one year | 17 | €143,897 | €164,746 | +€20,849 | +14.5% |
| Financial debts | 170/4 | €143,897 | €164,746 | +€20,849 | +14.5% |
| Amounts payable within one year | 42/48 | €160,386 | €147,354 | -€13,032 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €11,995 | €12,151 | +€156 | +1.3% |
| Financial debts | 43 | €45 | - | -€45 | |
| Credit institutions | 430/8 | €45 | - | -€45 | |
| Trade debts | 44 | €2,397 | €3,088 | +€691 | +28.8% |
| Suppliers | 440/4 | €2,397 | €3,088 | +€691 | +28.8% |
| Other amounts payable | 47/48 | €145,950 | €132,115 | -€13,834 | -9.5% |
| Accrued charges and deferred income | 492/3 | €3,272 | €6,134 | +€2,863 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,326 | €7,326 | = | 0.0% |
| Other operating charges | 640/8 | €5,494 | €3,250 | -€2,244 | -40.8% |
| Gross operating margin | 9900 | -€751 | -€4,948 | -€4,197 | -558% |
| Operating profit (loss) | 9901 | -€13,571 | -€15,524 | -€1,953 | -14.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,083 | €2,299 | -€784 | -25.4% |
| Recurring financial charges | 65 | €3,083 | €2,299 | -€784 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,653 | -€17,822 | -€1,169 | -7.0% |
| Profit (loss) for the period | 9904 | -€16,653 | -€17,822 | -€1,169 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,653 | -€17,822 | -€1,169 | -7.0% |
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 13 October 2026 via checked.be.