Constell8: 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.
What changed
Constell8
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€691,817
2024 · -€722,608+€30,790
Equity
€542,818
2024 · €34,926+€507,893
Cash
€59,034
2024 · €51,927+€7,107
Balance sheet total
€1.6m
2024 · €1.4m+€187,135
Largest movements
Assets
- Intangible fixed assets +€102,002
up €102,002 (+8.1%), from €1.3m to €1.4m
- Receivables within one year +€84,023
up €84,023 (+361.4%), from €23,249 to €107,272
of which Other amounts receivable: +€82,995
Equity and liabilities
- Contributions +€1.3m
up €1.3m (+78.2%), from €1.6m to €2.9m
of which Capital: +€1.3m
- Profit (loss) carried forward -€691,817
down €691,817 (-42.6%), from -€1.6m to -€2.3m
- Debts after one year -€252,017
down €252,017 (-24.0%), from €1.1m to €800,000
- Investment grants -€54,631
down €54,631 (-100.0%), from €54,631 to €0
- Trade debts -€38,112
down €38,112 (-41.3%), from €92,306 to €54,194
Income statement
- Gross operating margin +€162,843
up €162,843 (+80.2%), from -€203,127 to -€40,284
- Staff costs +€158,067
up €158,067 (+124.8%), from €126,649 to €284,716
- Taxes -€71,715
down €71,715, from €0 to -€71,715
- Depreciation +€33,590
up €33,590 (+8.3%), from €403,974 to €437,563
- Financial charges -€22,112
down €22,112 (-39.5%), from €56,018 to €33,906
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.
Result 2024
-€722,608
Gross operating margin
+€162,843
Staff costs
-€158,067
Depreciation
-€33,590
Other operating charges
-€18,402
Other operating items
-€737
Financial income
-€15,084
Financial charges
+€22,112
Taxes
+€71,715
Result 2025
-€691,817
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.
From operations
-€367,346
Investment
-€541,998
Financing
+€916,451
Cash 2024
€51,927
From operations (derived)
-€367,346
Net result for the year
-€691,817
Depreciation
+€437,563
Stocks and contracts
+€11,568
Receivables within one year
-€84,023
Deferred charges and accrued income
-€3,138
Trade debts
-€38,112
Tax, wage and social debts
+€33,838
Other debts
-€110
Accrued charges and deferred income
-€33,115
Investment (derived)
-€541,998
Investment in fixed assets (net)
-€541,998
Financing
+€916,451
Debts after one year
-€252,017
Current portion of long-term debt
-€29,306
Short-term financial debts
-€1,936
Contributions, distributions and other
+€1.2m
Cash 2025
€59,034
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,363,684 | €1,550,819 | +€187,135 | +13.7% |
| Formation expenses | 20 | €0 | €1,523 | +€1,523 | |
| Fixed assets | 21/28 | €1,273,000 | €1,375,912 | +€102,912 | +8.1% |
| Intangible fixed assets | 21 | €1,264,907 | €1,366,909 | +€102,002 | +8.1% |
| Tangible fixed assets | 22/27 | €7,193 | €7,953 | +€760 | +10.6% |
| Plant, machinery and equipment | 23 | €4,664 | €1,467 | -€3,197 | -68.5% |
| Furniture and vehicles | 24 | €2,529 | €6,486 | +€3,957 | +156.4% |
| Financial fixed assets | 28 | €900 | €1,050 | +€150 | +16.7% |
| Current assets | 29/58 | €90,683 | €173,384 | +€82,700 | +91.2% |
| Stocks and contracts in progress | 3 | €14,274 | €2,706 | -€11,568 | -81.0% |
| Stocks | 30/36 | €14,274 | €2,706 | -€11,568 | -81.0% |
| Amounts receivable within one year | 40/41 | €23,249 | €107,272 | +€84,023 | +361.4% |
| Trade receivables | 40 | €7,528 | €8,557 | +€1,028 | +13.7% |
| Other amounts receivable | 41 | €15,721 | €98,716 | +€82,995 | +527.9% |
| Cash at bank and in hand | 54/58 | €51,927 | €59,034 | +€7,107 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,233 | €4,372 | +€3,138 | +254.5% |
| Total equity and liabilities | 10/49 | €1,363,684 | €1,550,819 | +€187,135 | +13.7% |
| Equity | 10/15 | €34,926 | €542,818 | +€507,893 | +1454.2% |
| Contributions | 10/11 | €1,603,222 | €2,857,563 | +€1.3m | +78.2% |
| Capital | 10 | €1,112,690 | €2,367,031 | +€1.3m | +112.7% |
| Issued capital | 100 | €1,112,690 | €2,367,031 | +€1.3m | +112.7% |
| Outside capital | 11 | €490,532 | €490,532 | = | 0.0% |
| Share premium | 1100/10 | €490,532 | €490,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,622,927 | -€2,314,745 | -€691,817 | -42.6% |
| Investment grants | 15 | €54,631 | €0 | -€54,631 | -100.0% |
| Amounts payable | 17/49 | €1,328,758 | €1,008,000 | -€320,758 | -24.1% |
| Amounts payable after more than one year | 17 | €1,052,017 | €800,000 | -€252,017 | -24.0% |
| Financial debts | 170/4 | €1,052,017 | €800,000 | -€252,017 | -24.0% |
| Amounts payable within one year | 42/48 | €205,676 | €170,051 | -€35,626 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €98,874 | €69,568 | -€29,306 | -29.6% |
| Financial debts | 43 | €1,936 | €0 | -€1,936 | -100.0% |
| Other loans | 439 | €1,936 | €0 | -€1,936 | -100.0% |
| Trade debts | 44 | €92,306 | €54,194 | -€38,112 | -41.3% |
| Suppliers | 440/4 | €92,306 | €54,194 | -€38,112 | -41.3% |
| Taxes, remuneration and social security | 45 | €12,451 | €46,289 | +€33,838 | +271.8% |
| Taxes | 450/3 | €218 | €0 | -€218 | -100.0% |
| Remuneration and social security | 454/9 | €12,232 | €46,289 | +€34,056 | +278.4% |
| Other amounts payable | 47/48 | €110 | €0 | -€110 | -100.0% |
| Accrued charges and deferred income | 492/3 | €71,065 | €37,950 | -€33,115 | -46.6% |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €126,649 | €284,716 | +€158,067 | +124.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403,974 | €437,563 | +€33,590 | +8.3% |
| Other operating charges | 640/8 | €3,554 | €21,956 | +€18,402 | +517.7% |
| Non-recurring operating charges | 66A | - | €737 | +€737 | |
| Gross operating margin | 9900 | -€203,127 | -€40,284 | +€162,843 | +80.2% |
| Operating profit (loss) | 9901 | -€737,304 | -€785,257 | -€47,952 | -6.5% |
| Financial income | 75/76B | €70,714 | €55,631 | -€15,084 | -21.3% |
| Recurring financial income | 75 | €70,714 | €55,631 | -€15,084 | -21.3% |
| Financial charges | 65/66B | €56,018 | €33,906 | -€22,112 | -39.5% |
| Recurring financial charges | 65 | €56,018 | €33,906 | -€22,112 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€722,608 | -€763,532 | -€40,924 | -5.7% |
| Income taxes | 67/77 | €0 | -€71,715 | -€71,715 | |
| Profit (loss) for the period | 9904 | -€722,608 | -€691,817 | +€30,790 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€722,608 | -€691,817 | +€30,790 | +4.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.