CONTESSE: 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.
CONTESSE
Largest movements
- Stocks and contracts -€219,825
down €219,825 (-42.0%), from €523,125 to €303,300
- Cash -€140,914
down €140,914 (-94.6%), from €148,995 to €8,081
mainly Short-term financial debts (-€168,775) and Net result for the year (-€111,190)
- Receivables within one year -€31,671
down €31,671 (-19.2%), from €164,960 to €133,289
of which Trade receivables: -€28,903
- Short-term financial debts -€168,775
down €168,775 (-48.2%), from €350,000 to €181,225
- Trade debts -€104,094
down €104,094 (-62.9%), from €165,377 to €61,283
- Reserves -€100,694
down €100,694 (-84.5%), from €119,174 to €18,480
of which Distributable reserves: -€100,694
- Tax, wage and social debts -€15,812
down €15,812 (-62.8%), from €25,190 to €9,378
of which Remuneration and social security: -€11,006
- Profit (loss) carried forward -€10,496
new in 2025: -€10,496
- Staff costs -€60,808
down €60,808 (-52.6%), from €115,657 to €54,850
- Write-downs +€51,876
up €51,876, from -€18,176 to €33,700
- Financial charges -€37,166
down €37,166 (-64.1%), from €58,000 to €20,834
- Gross operating margin +€28,015
up €28,015, from -€23,225 to €4,791
- Other operating charges -€15,390
down €15,390 (-58.2%), from €26,427 to €11,037
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 | €844,541 | €444,671 | -€399,871 | -47.3% |
| Fixed assets | 21/28 | €7,461 | €0 | -€7,461 | -100.0% |
| Financial fixed assets | 28 | €7,461 | €0 | -€7,461 | -100.0% |
| Current assets | 29/58 | €837,080 | €444,671 | -€392,409 | -46.9% |
| Stocks and contracts in progress | 3 | €523,125 | €303,300 | -€219,825 | -42.0% |
| Stocks | 30/36 | €523,125 | €303,300 | -€219,825 | -42.0% |
| Amounts receivable within one year | 40/41 | €164,960 | €133,289 | -€31,671 | -19.2% |
| Trade receivables | 40 | €141,789 | €112,886 | -€28,903 | -20.4% |
| Other amounts receivable | 41 | €23,170 | €20,403 | -€2,767 | -11.9% |
| Cash at bank and in hand | 54/58 | €148,995 | €8,081 | -€140,914 | -94.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €844,541 | €444,671 | -€399,871 | -47.3% |
| Equity | 10/15 | €303,974 | €192,784 | -€111,190 | -36.6% |
| Contributions | 10/11 | €184,800 | €184,800 | = | 0.0% |
| Capital | 10 | €184,800 | €184,800 | = | 0.0% |
| Issued capital | 100 | €184,800 | €184,800 | = | 0.0% |
| Reserves | 13 | €119,174 | €18,480 | -€100,694 | -84.5% |
| Non-distributable reserves | 130/1 | €18,480 | €18,480 | = | 0.0% |
| Legal reserve | 130 | €18,480 | €18,480 | = | 0.0% |
| Distributable reserves | 133 | €100,694 | €0 | -€100,694 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€10,496 | -€10,496 | |
| Amounts payable | 17/49 | €540,567 | €251,886 | -€288,681 | -53.4% |
| Amounts payable within one year | 42/48 | €540,567 | €251,886 | -€288,681 | -53.4% |
| Financial debts | 43 | €350,000 | €181,225 | -€168,775 | -48.2% |
| Credit institutions | 430/8 | €350,000 | €181,225 | -€168,775 | -48.2% |
| Trade debts | 44 | €165,377 | €61,283 | -€104,094 | -62.9% |
| Suppliers | 440/4 | €165,377 | €61,283 | -€104,094 | -62.9% |
| Taxes, remuneration and social security | 45 | €25,190 | €9,378 | -€15,812 | -62.8% |
| Taxes | 450/3 | €7,492 | €2,687 | -€4,805 | -64.1% |
| Remuneration and social security | 454/9 | €17,698 | €6,692 | -€11,006 | -62.2% |
| Non-recurring operating income | 76A | - | €21,056 | +€21,056 | |
| Remuneration, social security and pensions | 62 | €115,657 | €54,850 | -€60,808 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,176 | €33,700 | +€51,876 | |
| Other operating charges | 640/8 | €26,427 | €11,037 | -€15,390 | -58.2% |
| Gross operating margin | 9900 | -€23,225 | €4,791 | +€28,015 | |
| Operating profit (loss) | 9901 | -€147,133 | -€94,796 | +€52,337 | +35.6% |
| Financial income | 75/76B | €0 | €4,339 | +€4,339 | +6199085.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | - | €4,339 | +€4,339 | |
| Financial charges | 65/66B | €58,000 | €20,834 | -€37,166 | -64.1% |
| Recurring financial charges | 65 | €58,000 | €20,834 | -€37,166 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | -€205,133 | -€111,291 | +€93,842 | +45.7% |
| Income taxes | 67/77 | €248 | -€101 | -€349 | |
| Profit (loss) for the period | 9904 | -€205,380 | -€111,190 | +€94,191 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,380 | -€111,190 | +€94,191 | +45.9% |
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 5 October 2026 via checked.be.