IL CONSIGLIO: 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.
IL CONSIGLIO
Largest movements
- Cash +€236,499
up €236,499 (+154%), from €153,254 to €389,753
mainly Net result for the year (+€317,282) and Investment in fixed assets (net) (+€156,284)
- Tangible fixed assets -€162,264
down €162,264 (-50.0%), from €324,453 to €162,189
of which Land and buildings: -€160,414
- Current investments +€51,311
up €51,311 (+44.4%), from €115,685 to €166,996
- Reserves +€317,282
up €317,282 (+27.1%), from €1.2m to €1.5m
- Debts after one year -€193,813
down €193,813 (-20.2%), from €960,572 to €766,759
- Financial income -€519,219
down €519,219 (-99.9%), from €519,530 to €311
- Gross operating margin +€110,115
up €110,115 (+28.6%), from €385,661 to €495,776
- Depreciation -€9,577
down €9,577 (-61.6%), from €15,557 to €5,980
- Taxes -€8,338
down €8,338 (-5.5%), from €151,227 to €142,889
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 | €2,900,713 | €3,031,205 | +€130,492 | +4.5% |
| Fixed assets | 21/28 | €2,090,202 | €1,927,939 | -€162,264 | -7.8% |
| Tangible fixed assets | 22/27 | €324,453 | €162,189 | -€162,264 | -50.0% |
| Land and buildings | 22 | €322,603 | €162,189 | -€160,414 | -49.7% |
| Plant, machinery and equipment | 23 | €529 | €0 | -€529 | -100% |
| Furniture and vehicles | 24 | €1,321 | €0 | -€1,321 | -100% |
| Financial fixed assets | 28 | €1,765,750 | €1,765,750 | = | 0.0% |
| Current assets | 29/58 | €810,511 | €1,103,266 | +€292,756 | +36.1% |
| Amounts receivable within one year | 40/41 | €535,397 | €537,867 | +€2,470 | +0.5% |
| Trade receivables | 40 | €0 | €42,270 | +€42,270 | |
| Other amounts receivable | 41 | €535,397 | €495,597 | -€39,800 | -7.4% |
| Current investments | 50/53 | €115,685 | €166,996 | +€51,311 | +44.4% |
| Cash at bank and in hand | 54/58 | €153,254 | €389,753 | +€236,499 | +154% |
| Deferred charges and accrued income | 490/1 | €6,175 | €8,650 | +€2,476 | +40.1% |
| Total equity and liabilities | 10/49 | €2,900,713 | €3,031,205 | +€130,492 | +4.5% |
| Equity | 10/15 | €1,181,681 | €1,498,964 | +€317,282 | +26.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,169,281 | €1,486,564 | +€317,282 | +27.1% |
| Distributable reserves | 133 | €1,169,281 | €1,486,564 | +€317,282 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,719,032 | €1,532,242 | -€186,790 | -10.9% |
| Amounts payable after more than one year | 17 | €960,572 | €766,759 | -€193,813 | -20.2% |
| Financial debts | 170/4 | €960,572 | €766,759 | -€193,813 | -20.2% |
| Amounts payable within one year | 42/48 | €757,463 | €765,473 | +€8,010 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €159,196 | €151,912 | -€7,284 | -4.6% |
| Trade debts | 44 | €854 | €2,158 | +€1,303 | +153% |
| Suppliers | 440/4 | €854 | €2,158 | +€1,303 | +153% |
| Taxes, remuneration and social security | 45 | €96,459 | €125,450 | +€28,991 | +30.1% |
| Taxes | 450/3 | €96,459 | €125,450 | +€28,991 | +30.1% |
| Other amounts payable | 47/48 | €500,954 | €485,954 | -€15,000 | -3.0% |
| Accrued charges and deferred income | 492/3 | €997 | €10 | -€987 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,557 | €5,980 | -€9,577 | -61.6% |
| Other operating charges | 640/8 | €4,633 | €6,143 | +€1,511 | +32.6% |
| Gross operating margin | 9900 | €385,661 | €495,776 | +€110,115 | +28.6% |
| Operating profit (loss) | 9901 | €365,471 | €483,653 | +€118,181 | +32.3% |
| Financial income | 75/76B | €519,530 | €311 | -€519,219 | -99.9% |
| Recurring financial income | 75 | €519,530 | €311 | -€519,219 | -99.9% |
| Financial charges | 65/66B | €25,508 | €23,793 | -€1,715 | -6.7% |
| Recurring financial charges | 65 | €25,508 | €23,793 | -€1,715 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €859,493 | €460,171 | -€399,322 | -46.5% |
| Income taxes | 67/77 | €151,227 | €142,889 | -€8,338 | -5.5% |
| Profit (loss) for the period | 9904 | €708,266 | €317,282 | -€390,984 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €708,266 | €317,282 | -€390,984 | -55.2% |
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 16 October 2026 via checked.be.