Constellations: 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.
Constellations
Largest movements
- Cash -€63,887
down €63,887 (-99.2%), from €64,390 to €503
mainly Advances received (-€66,325) and Net result for the year (-€31,982)
- Receivables within one year -€40,095
down €40,095 (-39.9%), from €100,447 to €60,352
of which Trade receivables: -€54,814
- Stocks and contracts +€6,043
new in 2025: €6,043
- Advances received -€66,325
no longer reported in 2025 (was €66,325)
- Reserves -€31,982
down €31,982 (-41.5%), from €77,079 to €45,097
- Tax, wage and social debts +€2,000
up €2,000 (+26.4%), from €7,564 to €9,564
- Gross operating margin -€55,847
down €55,847, from €22,175 to -€33,672
- Taxes -€7,564
no longer reported in 2025 (was €7,564)
- Financial income +€1,275
up €1,275 (+68.5%), from €1,861 to €3,136
- Other operating charges +€1,205
new in 2025: €1,205
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 | €164,837 | €66,898 | -€97,939 | -59.4% |
| Current assets | 29/58 | €164,837 | €66,898 | -€97,939 | -59.4% |
| Stocks and contracts in progress | 3 | - | €6,043 | +€6,043 | |
| Stocks | 30/36 | - | €6,043 | +€6,043 | |
| Amounts receivable within one year | 40/41 | €100,447 | €60,352 | -€40,095 | -39.9% |
| Trade receivables | 40 | €54,814 | - | -€54,814 | |
| Other amounts receivable | 41 | €45,633 | €60,352 | +€14,719 | +32.3% |
| Cash at bank and in hand | 54/58 | €64,390 | €503 | -€63,887 | -99.2% |
| Total equity and liabilities | 10/49 | €164,837 | €66,898 | -€97,939 | -59.4% |
| Equity | 10/15 | €87,079 | €55,097 | -€31,982 | -36.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €77,079 | €45,097 | -€31,982 | -41.5% |
| Distributable reserves | 133 | €77,079 | €45,097 | -€31,982 | -41.5% |
| Amounts payable | 17/49 | €77,758 | €11,801 | -€65,957 | -84.8% |
| Amounts payable within one year | 42/48 | €77,758 | €11,801 | -€65,957 | -84.8% |
| Trade debts | 44 | €3,869 | €2,237 | -€1,632 | -42.2% |
| Suppliers | 440/4 | €3,869 | €2,237 | -€1,632 | -42.2% |
| Advances received on contracts in progress | 46 | €66,325 | - | -€66,325 | |
| Taxes, remuneration and social security | 45 | €7,564 | €9,564 | +€2,000 | +26.4% |
| Taxes | 450/3 | €7,564 | €9,564 | +€2,000 | +26.4% |
| Other operating charges | 640/8 | - | €1,205 | +€1,205 | |
| Gross operating margin | 9900 | €22,175 | -€33,672 | -€55,847 | |
| Operating profit (loss) | 9901 | €22,175 | -€34,877 | -€57,052 | |
| Financial income | 75/76B | €1,861 | €3,136 | +€1,275 | +68.5% |
| Recurring financial income | 75 | €1,861 | €3,136 | +€1,275 | +68.5% |
| Financial charges | 65/66B | €188 | €241 | +€52 | +27.9% |
| Recurring financial charges | 65 | €188 | €241 | +€52 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €23,847 | -€31,982 | -€55,829 | |
| Income taxes | 67/77 | €7,564 | - | -€7,564 | |
| Profit (loss) for the period | 9904 | €16,283 | -€31,982 | -€48,265 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,283 | -€31,982 | -€48,265 |
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 29 September 2026 via checked.be.