Costantin Solutions: 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.
Costantin Solutions
Largest movements
- Receivables within one year +€237,330
up €237,330 (+107%), from €221,359 to €458,689
of which Trade receivables: +€140,618
- Cash -€18,970
down €18,970 (-99.8%), from €19,015 to €45
mainly Receivables within one year (-€237,330) and Net result for the year (-€19,955)
- Tangible fixed assets -€5,883
down €5,883 (-26.0%), from €22,620 to €16,737
- Trade debts +€233,173
up €233,173 (+326%), from €71,548 to €304,721
- Profit (loss) carried forward -€19,955
down €19,955 (-12.9%), from €154,659 to €134,704
- Other debts -€7,500
no longer reported in 2024 (was €7,500)
- Short-term financial debts +€5,739
new in 2024: €5,739
- Gross operating margin -€84,421
down €84,421 (-95.9%), from €88,019 to €3,598
- Depreciation +€5,450
new in 2024: €5,450
- Financial income +€4,758
up €4,758 (+52.2%), from €9,115 to €13,873
- Taxes +€2,432
up €2,432 (+9.1%), from €26,702 to €29,134
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,319 | €479,430 | +€215,111 | +81.4% |
| Fixed assets | 21/28 | €22,716 | €16,833 | -€5,883 | -25.9% |
| Tangible fixed assets | 22/27 | €22,620 | €16,737 | -€5,883 | -26.0% |
| Furniture and vehicles | 24 | €22,620 | €16,737 | -€5,883 | -26.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €241,603 | €462,597 | +€220,994 | +91.5% |
| Amounts receivable within one year | 40/41 | €221,359 | €458,689 | +€237,330 | +107% |
| Trade receivables | 40 | €39,520 | €180,138 | +€140,618 | +356% |
| Other amounts receivable | 41 | €181,839 | €278,551 | +€96,711 | +53.2% |
| Cash at bank and in hand | 54/58 | €19,015 | €45 | -€18,970 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,229 | €3,863 | +€2,634 | +214% |
| Total equity and liabilities | 10/49 | €264,319 | €479,430 | +€215,111 | +81.4% |
| Equity | 10/15 | €173,259 | €153,304 | -€19,955 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,659 | €134,704 | -€19,955 | -12.9% |
| Amounts payable | 17/49 | €91,060 | €326,126 | +€235,066 | +258% |
| Amounts payable within one year | 42/48 | €91,060 | €325,806 | +€234,746 | +258% |
| Financial debts | 43 | - | €5,739 | +€5,739 | |
| Credit institutions | 430/8 | - | €5,739 | +€5,739 | |
| Trade debts | 44 | €71,548 | €304,721 | +€233,173 | +326% |
| Suppliers | 440/4 | €71,548 | €304,721 | +€233,173 | +326% |
| Taxes, remuneration and social security | 45 | €12,012 | €15,345 | +€3,333 | +27.7% |
| Remuneration and social security | 454/9 | €12,012 | €15,345 | +€3,333 | +27.7% |
| Other amounts payable | 47/48 | €7,500 | - | -€7,500 | |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,450 | +€5,450 | |
| Gross operating margin | 9900 | €88,019 | €3,598 | -€84,421 | -95.9% |
| Operating profit (loss) | 9901 | €88,019 | -€1,852 | -€89,871 | |
| Financial income | 75/76B | €9,115 | €13,873 | +€4,758 | +52.2% |
| Recurring financial income | 75 | €9,115 | €13,873 | +€4,758 | +52.2% |
| Financial charges | 65/66B | €2,720 | €2,842 | +€122 | +4.5% |
| Recurring financial charges | 65 | €2,720 | €2,842 | +€122 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €94,414 | €9,179 | -€85,235 | -90.3% |
| Income taxes | 67/77 | €26,702 | €29,134 | +€2,432 | +9.1% |
| Profit (loss) for the period | 9904 | €67,712 | -€19,955 | -€87,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,712 | -€19,955 | -€87,667 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.