Constellation Avenue: 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.
Constellation Avenue
Largest movements
- Cash +€28,084
up €28,084 (+166.6%), from €16,861 to €44,945
mainly Net result for the year (+€38,452) and Depreciation (+€1,083)
- Receivables within one year +€6,425
up €6,425 (+29.5%), from €21,780 to €28,205
- Tangible fixed assets +€2,962
up €2,962 (+242.8%), from €1,220 to €4,181
of which Land and buildings: +€3,496
- Reserves +€38,452
up €38,452 (+122.5%), from €31,394 to €69,847
- Tax, wage and social debts -€1,345
down €1,345 (-30.0%), from €4,483 to €3,138
- Gross operating margin +€10,828
up €10,828 (+25.9%), from €41,783 to €52,611
- Taxes +€2,655
up €2,655 (+30.7%), from €8,661 to €11,316
- Depreciation +€700
up €700 (+182.8%), from €383 to €1,083
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,105 | €79,670 | +€37,565 | +89.2% |
| Fixed assets | 21/28 | €1,220 | €4,181 | +€2,962 | +242.8% |
| Tangible fixed assets | 22/27 | €1,220 | €4,181 | +€2,962 | +242.8% |
| Land and buildings | 22 | - | €3,496 | +€3,496 | |
| Furniture and vehicles | 24 | €1,220 | €685 | -€534 | -43.8% |
| Current assets | 29/58 | €40,885 | €75,488 | +€34,603 | +84.6% |
| Amounts receivable within one year | 40/41 | €21,780 | €28,205 | +€6,425 | +29.5% |
| Trade receivables | 40 | €21,780 | €28,205 | +€6,425 | +29.5% |
| Cash at bank and in hand | 54/58 | €16,861 | €44,945 | +€28,084 | +166.6% |
| Deferred charges and accrued income | 490/1 | €2,244 | €2,338 | +€94 | +4.2% |
| Total equity and liabilities | 10/49 | €42,105 | €79,670 | +€37,565 | +89.2% |
| Equity | 10/15 | €34,894 | €73,347 | +€38,452 | +110.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €31,394 | €69,847 | +€38,452 | +122.5% |
| Distributable reserves | 133 | €31,394 | €69,847 | +€38,452 | +122.5% |
| Amounts payable | 17/49 | €7,210 | €6,323 | -€887 | -12.3% |
| Amounts payable within one year | 42/48 | €7,210 | €6,313 | -€898 | -12.4% |
| Trade debts | 44 | €1,725 | €2,031 | +€307 | +17.8% |
| Suppliers | 440/4 | €1,725 | €2,031 | +€307 | +17.8% |
| Taxes, remuneration and social security | 45 | €4,483 | €3,138 | -€1,345 | -30.0% |
| Taxes | 450/3 | €4,483 | €3,138 | -€1,345 | -30.0% |
| Other amounts payable | 47/48 | €1,002 | €1,143 | +€141 | +14.0% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €1,083 | +€700 | +182.8% |
| Other operating charges | 640/8 | €324 | €448 | +€124 | +38.2% |
| Gross operating margin | 9900 | €41,783 | €52,611 | +€10,828 | +25.9% |
| Operating profit (loss) | 9901 | €41,075 | €51,080 | +€10,004 | +24.4% |
| Financial income | 75/76B | €18 | €133 | +€115 | +641.2% |
| Recurring financial income | 75 | €18 | €133 | +€115 | +641.2% |
| Financial charges | 65/66B | €1,038 | €1,445 | +€407 | +39.2% |
| Recurring financial charges | 65 | €1,038 | €1,445 | +€407 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €40,055 | €49,768 | +€9,713 | +24.2% |
| Income taxes | 67/77 | €8,661 | €11,316 | +€2,655 | +30.7% |
| Profit (loss) for the period | 9904 | €31,394 | €38,452 | +€7,058 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,394 | €38,452 | +€7,058 | +22.5% |
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.