Konstant: what changed
Konstant
Largest movements
- Cash +€24,949
up €24,949 (+85.6%), from €29,131 to €54,080
mainly Other debts (+€53,247) and Net result for the year (+€47,911)
- Tangible fixed assets -€17,898
down €17,898 (-21.7%), from €82,501 to €64,603
of which Furniture and vehicles: -€9,430
- Receivables within one year +€14,312
up €14,312 (+49.9%), from €28,656 to €42,968
of which Trade receivables: +€17,583
- Other debts +€53,247
up €53,247 (+85.8%), from €62,057 to €115,304
- Reserves -€49,377
no longer reported in 2025 (was €49,377)
- Tax, wage and social debts +€19,883
up €19,883 (+271%), from €7,336 to €27,219
- Accrued charges and deferred income -€1,743
down €1,743 (-47.3%), from €3,686 to €1,943
- Gross operating margin -€9,033
down €9,033 (-10.0%), from €90,541 to €81,508
- Depreciation -€6,912
down €6,912 (-26.2%), from €26,422 to €19,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,259 | €165,861 | +€21,602 | +15.0% |
| Fixed assets | 21/28 | €84,901 | €67,003 | -€17,898 | -21.1% |
| Tangible fixed assets | 22/27 | €82,501 | €64,603 | -€17,898 | -21.7% |
| Plant, machinery and equipment | 23 | €4,048 | €1,301 | -€2,747 | -67.9% |
| Furniture and vehicles | 24 | €9,430 | - | -€9,430 | |
| Other tangible fixed assets | 26 | €69,023 | €63,302 | -€5,721 | -8.3% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €59,357 | €98,858 | +€39,501 | +66.5% |
| Amounts receivable within one year | 40/41 | €28,656 | €42,968 | +€14,312 | +49.9% |
| Trade receivables | 40 | €25,385 | €42,968 | +€17,583 | +69.3% |
| Other amounts receivable | 41 | €3,271 | - | -€3,271 | |
| Cash at bank and in hand | 54/58 | €29,131 | €54,080 | +€24,949 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,571 | €1,811 | +€240 | +15.3% |
| Total equity and liabilities | 10/49 | €144,259 | €165,861 | +€21,602 | +15.0% |
| Equity | 10/15 | €67,927 | €18,550 | -€49,377 | -72.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €49,377 | - | -€49,377 | |
| Distributable reserves | 133 | €49,377 | - | -€49,377 | |
| Amounts payable | 17/49 | €76,332 | €147,311 | +€70,979 | +93.0% |
| Amounts payable within one year | 42/48 | €72,646 | €145,368 | +€72,722 | +100% |
| Trade debts | 44 | €2,975 | €2,845 | -€130 | -4.4% |
| Suppliers | 440/4 | €2,975 | €2,845 | -€130 | -4.4% |
| Advances received on contracts in progress | 46 | €279 | - | -€279 | |
| Taxes, remuneration and social security | 45 | €7,336 | €27,219 | +€19,883 | +271% |
| Taxes | 450/3 | €7,336 | €27,219 | +€19,883 | +271% |
| Other amounts payable | 47/48 | €62,057 | €115,304 | +€53,247 | +85.8% |
| Accrued charges and deferred income | 492/3 | €3,686 | €1,943 | -€1,743 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,422 | €19,509 | -€6,912 | -26.2% |
| Other operating charges | 640/8 | €840 | €798 | -€42 | -5.0% |
| Gross operating margin | 9900 | €90,541 | €81,508 | -€9,033 | -10.0% |
| Operating profit (loss) | 9901 | €63,280 | €61,201 | -€2,079 | -3.3% |
| Financial charges | 65/66B | €174 | €88 | -€86 | -49.5% |
| Recurring financial charges | 65 | €174 | €88 | -€86 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €63,106 | €61,113 | -€1,993 | -3.2% |
| Income taxes | 67/77 | €13,729 | €13,202 | -€527 | -3.8% |
| Profit (loss) for the period | 9904 | €49,377 | €47,911 | -€1,466 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,377 | €47,911 | -€1,466 | -3.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.