CONSTRENEL: 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.
CONSTRENEL
Largest movements
- Receivables within one year -€20,825
down €20,825 (-62.8%), from €33,165 to €12,340
of which Trade receivables: -€19,723
- Current investments +€20,000
new in 2025: €20,000
- Cash +€19,052
up €19,052 (+37.2%), from €51,249 to €70,301
mainly Receivables within one year (+€20,825) and Other debts (+€5,120)
- Deferred charges and accrued income -€3,255
down €3,255 (-44.2%), from €7,371 to €4,116
- Other debts +€5,120
up €5,120 (+46.2%), from €11,072 to €16,191
- Reserves +€4,378
up €4,378 (+8.5%), from €51,809 to €56,187
of which Distributable reserves: +€4,378
- Trade debts +€2,435
up €2,435 (+486%), from €501 to €2,936
- Tax, wage and social debts +€2,112
up €2,112 (+25.4%), from €8,302 to €10,413
of which Remuneration and social security: +€2,127
- Gross operating margin +€2,019
up €2,019 (+4.3%), from €46,685 to €48,704
- Financial charges +€930
up €930 (+214%), from €433 to €1,363
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 | €93,505 | €107,550 | +€14,045 | +15.0% |
| Fixed assets | 21/28 | €1,720 | €793 | -€927 | -53.9% |
| Tangible fixed assets | 22/27 | €1,720 | €793 | -€927 | -53.9% |
| Plant, machinery and equipment | 23 | €1,599 | €793 | -€806 | -50.4% |
| Furniture and vehicles | 24 | €121 | €0 | -€121 | -100% |
| Current assets | 29/58 | €91,785 | €106,758 | +€14,972 | +16.3% |
| Amounts receivable within one year | 40/41 | €33,165 | €12,340 | -€20,825 | -62.8% |
| Trade receivables | 40 | €29,536 | €9,813 | -€19,723 | -66.8% |
| Other amounts receivable | 41 | €3,629 | €2,527 | -€1,102 | -30.4% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €51,249 | €70,301 | +€19,052 | +37.2% |
| Deferred charges and accrued income | 490/1 | €7,371 | €4,116 | -€3,255 | -44.2% |
| Total equity and liabilities | 10/49 | €93,505 | €107,550 | +€14,045 | +15.0% |
| Equity | 10/15 | €73,631 | €78,009 | +€4,378 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,809 | €56,187 | +€4,378 | +8.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €51,809 | €56,187 | +€4,378 | +8.5% |
| Profit (loss) carried forward | 14 | €15,622 | €15,622 | = | 0.0% |
| Amounts payable | 17/49 | €19,874 | €29,541 | +€9,667 | +48.6% |
| Amounts payable within one year | 42/48 | €19,874 | €29,541 | +€9,667 | +48.6% |
| Trade debts | 44 | €501 | €2,936 | +€2,435 | +486% |
| Suppliers | 440/4 | €501 | €2,936 | +€2,435 | +486% |
| Taxes, remuneration and social security | 45 | €8,302 | €10,413 | +€2,112 | +25.4% |
| Taxes | 450/3 | €3,256 | €3,241 | -€15 | -0.5% |
| Remuneration and social security | 454/9 | €5,045 | €7,172 | +€2,127 | +42.2% |
| Other amounts payable | 47/48 | €11,072 | €16,191 | +€5,120 | +46.2% |
| Remuneration, social security and pensions | 62 | €38,406 | €38,377 | -€29 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €806 | -€367 | -31.3% |
| Other operating charges | 640/8 | €1,159 | €1,058 | -€101 | -8.7% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €46,685 | €48,704 | +€2,019 | +4.3% |
| Operating profit (loss) | 9901 | €5,947 | €8,343 | +€2,396 | +40.3% |
| Financial income | 75/76B | €194 | €179 | -€15 | -7.8% |
| Recurring financial income | 75 | €194 | €179 | -€15 | -7.8% |
| Financial charges | 65/66B | €433 | €1,363 | +€930 | +214% |
| Recurring financial charges | 65 | €433 | €1,363 | +€930 | +214% |
| Profit (loss) for the period before taxes | 9903 | €5,707 | €7,159 | +€1,451 | +25.4% |
| Income taxes | 67/77 | €2,422 | €2,780 | +€358 | +14.8% |
| Profit (loss) for the period | 9904 | €3,285 | €4,378 | +€1,093 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,285 | €4,378 | +€1,093 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.