CONSTELLATIONS - STERRENBEELDEN: 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.
CONSTELLATIONS - STERRENBEELDEN
Largest movements
- Cash +€335,139
up €335,139 (+21.9%), from €1.5m to €1.9m
mainly Accrued charges and deferred income (+€462,391) and Depreciation (+€106,509)
- Receivables within one year +€171,937
up €171,937 (+16.7%), from €1.0m to €1.2m
of which Other amounts receivable: +€165,318
- Tangible fixed assets -€106,509
down €106,509 (-4.9%), from €2.2m to €2.1m
of which Land and buildings: -€105,942
- Accrued charges and deferred income +€462,391
up €462,391 (+34.5%), from €1.3m to €1.8m
- Investment grants -€69,103
down €69,103 (-4.7%), from €1.5m to €1.4m
- Financial income -€14,632
down €14,632 (-27.6%), from €53,070 to €38,438
- Gross operating margin +€12,252
up €12,252 (+8.3%), from €148,258 to €160,510
- Taxes -€4,534
down €4,534 (-41.2%), from €11,008 to €6,474
- Staff costs +€4,433
up €4,433 (+6.1%), from €73,143 to €77,576
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 | €4,749,885 | €5,147,917 | +€398,032 | +8.4% |
| Fixed assets | 21/28 | €2,176,719 | €2,070,210 | -€106,509 | -4.9% |
| Tangible fixed assets | 22/27 | €2,176,719 | €2,070,210 | -€106,509 | -4.9% |
| Land and buildings | 22 | €2,175,721 | €2,069,779 | -€105,942 | -4.9% |
| Furniture and vehicles | 24 | €999 | €431 | -€568 | -56.8% |
| Current assets | 29/58 | €2,573,165 | €3,077,707 | +€504,542 | +19.6% |
| Amounts receivable after more than one year | 29 | €8,649 | €4,324 | -€4,324 | -50.0% |
| Other amounts receivable | 291 | €8,649 | €4,324 | -€4,324 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,027,522 | €1,199,460 | +€171,937 | +16.7% |
| Trade receivables | 40 | €10,880 | €17,500 | +€6,620 | +60.8% |
| Other amounts receivable | 41 | €1,016,642 | €1,181,960 | +€165,318 | +16.3% |
| Cash at bank and in hand | 54/58 | €1,533,549 | €1,868,687 | +€335,139 | +21.9% |
| Deferred charges and accrued income | 490/1 | €3,445 | €5,235 | +€1,790 | +52.0% |
| Total equity and liabilities | 10/49 | €4,749,885 | €5,147,917 | +€398,032 | +8.4% |
| Equity | 10/15 | €3,386,926 | €3,320,606 | -€66,320 | -2.0% |
| Profit (loss) carried forward | 14 | €1,912,726 | €1,915,510 | +€2,784 | +0.1% |
| Investment grants | 15 | €1,474,199 | €1,405,096 | -€69,103 | -4.7% |
| Amounts payable | 17/49 | €1,362,959 | €1,827,311 | +€464,352 | +34.1% |
| Amounts payable within one year | 42/48 | €22,675 | €24,636 | +€1,961 | +8.6% |
| Trade debts | 44 | €118 | €0 | -€118 | -100% |
| Suppliers | 440/4 | €118 | €0 | -€118 | -100% |
| Taxes, remuneration and social security | 45 | €17,129 | €19,208 | +€2,079 | +12.1% |
| Taxes | 450/3 | €3,669 | €3,993 | +€324 | +8.8% |
| Remuneration and social security | 454/9 | €13,460 | €15,215 | +€1,755 | +13.0% |
| Accrued charges and deferred income | 492/3 | €1,340,283 | €1,802,674 | +€462,391 | +34.5% |
| Remuneration, social security and pensions | 62 | €73,143 | €77,576 | +€4,433 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,640 | €106,509 | -€130 | -0.1% |
| Other operating charges | 640/8 | €4,749 | €4,745 | -€4 | -0.1% |
| Gross operating margin | 9900 | €148,258 | €160,510 | +€12,252 | +8.3% |
| Operating profit (loss) | 9901 | -€36,274 | -€28,321 | +€7,953 | +21.9% |
| Financial income | 75/76B | €53,070 | €38,438 | -€14,632 | -27.6% |
| Recurring financial income | 75 | €53,070 | €38,438 | -€14,632 | -27.6% |
| Financial charges | 65/66B | €822 | €859 | +€38 | +4.6% |
| Recurring financial charges | 65 | €822 | €859 | +€38 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €15,974 | €9,258 | -€6,716 | -42.0% |
| Income taxes | 67/77 | €11,008 | €6,474 | -€4,534 | -41.2% |
| Profit (loss) for the period | 9904 | €4,966 | €2,784 | -€2,182 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,966 | €2,784 | -€2,182 | -43.9% |
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 24 October 2026 via checked.be.