JV CONSILIATUM: 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.
JV CONSILIATUM
Largest movements
- Cash -€158,168
down €158,168 (-65.3%), from €242,223 to €84,055
mainly Contributions, distributions and other (-€291,027) and Investment in fixed assets (net) (-€132,797)
- Tangible fixed assets +€117,430
up €117,430 (+1,620%), from €7,251 to €124,681
of which Land and buildings: +€115,903
- Receivables within one year +€7,771
up €7,771 (+125%), from €6,206 to €13,977
of which Trade receivables: +€10,507
- Deferred charges and accrued income -€2,989
down €2,989 (-76.8%), from €3,891 to €902
- Reserves -€100,597
down €100,597 (-55.6%), from €181,027 to €80,430
- Other debts +€63,762
up €63,762 (+213%), from €30,000 to €93,762
- Tax, wage and social debts +€7,164
up €7,164 (+30.6%), from €23,432 to €30,595
- Current portion of long-term debt -€6,335
down €6,335 (-100%), from €6,335 to €0
- Gross operating margin +€30,120
up €30,120 (+12.6%), from €238,331 to €268,450
- Depreciation +€9,001
up €9,001 (+122%), from €7,379 to €16,380
- Taxes +€4,341
up €4,341 (+7.9%), from €54,819 to €59,160
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 | €263,534 | €226,566 | -€36,968 | -14.0% |
| Fixed assets | 21/28 | €11,214 | €127,631 | +€116,417 | +1,038% |
| Intangible fixed assets | 21 | €3,154 | €2,136 | -€1,018 | -32.3% |
| Tangible fixed assets | 22/27 | €7,251 | €124,681 | +€117,430 | +1,620% |
| Land and buildings | 22 | - | €115,903 | +€115,903 | |
| Plant, machinery and equipment | 23 | - | €1,663 | +€1,663 | |
| Furniture and vehicles | 24 | €5,895 | €6,051 | +€155 | +2.6% |
| Other tangible fixed assets | 26 | €1,355 | €1,064 | -€291 | -21.5% |
| Financial fixed assets | 28 | €810 | €815 | +€5 | +0.6% |
| Current assets | 29/58 | €252,320 | €98,935 | -€153,385 | -60.8% |
| Amounts receivable within one year | 40/41 | €6,206 | €13,977 | +€7,771 | +125% |
| Trade receivables | 40 | €3,470 | €13,977 | +€10,507 | +303% |
| Other amounts receivable | 41 | €2,736 | €0 | -€2,736 | -100% |
| Cash at bank and in hand | 54/58 | €242,223 | €84,055 | -€158,168 | -65.3% |
| Deferred charges and accrued income | 490/1 | €3,891 | €902 | -€2,989 | -76.8% |
| Total equity and liabilities | 10/49 | €263,534 | €226,566 | -€36,968 | -14.0% |
| Equity | 10/15 | €199,627 | €99,030 | -€100,597 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,027 | €80,430 | -€100,597 | -55.6% |
| Distributable reserves | 133 | €181,027 | €80,430 | -€100,597 | -55.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,907 | €127,536 | +€63,629 | +99.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €63,854 | €126,261 | +€62,407 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €6,335 | €0 | -€6,335 | -100% |
| Financial debts | 43 | €577 | €752 | +€175 | +30.3% |
| Other loans | 439 | €577 | €752 | +€175 | +30.3% |
| Trade debts | 44 | €3,471 | €1,002 | -€2,468 | -71.1% |
| Suppliers | 440/4 | €3,471 | €1,002 | -€2,468 | -71.1% |
| Advances received on contracts in progress | 46 | €40 | €150 | +€110 | +275% |
| Taxes, remuneration and social security | 45 | €23,432 | €30,595 | +€7,164 | +30.6% |
| Taxes | 450/3 | €23,432 | €30,595 | +€7,164 | +30.6% |
| Other amounts payable | 47/48 | €30,000 | €93,762 | +€63,762 | +213% |
| Accrued charges and deferred income | 492/3 | €53 | €1,275 | +€1,222 | +2,313% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €16,380 | +€9,001 | +122% |
| Other operating charges | 640/8 | €1,560 | €1,311 | -€248 | -15.9% |
| Gross operating margin | 9900 | €238,331 | €268,450 | +€30,120 | +12.6% |
| Operating profit (loss) | 9901 | €229,391 | €250,759 | +€21,367 | +9.3% |
| Financial income | 75/76B | €77 | €7 | -€70 | -90.4% |
| Recurring financial income | 75 | €77 | €7 | -€70 | -90.4% |
| Financial charges | 65/66B | €185 | €1,176 | +€991 | +537% |
| Recurring financial charges | 65 | €185 | €1,176 | +€991 | +537% |
| Profit (loss) for the period before taxes | 9903 | €229,284 | €249,590 | +€20,306 | +8.9% |
| Income taxes | 67/77 | €54,819 | €59,160 | +€4,341 | +7.9% |
| Profit (loss) for the period | 9904 | €174,465 | €190,430 | +€15,965 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,465 | €190,430 | +€15,965 | +9.2% |
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 23 October 2026 via checked.be.