KONSTANTO: 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.
KONSTANTO
Largest movements
- Tangible fixed assets +€15,605
up €15,605 (+6.3%), from €247,152 to €262,757
of which Land and buildings: +€12,195
- Debts after one year -€21,836
down €21,836 (-8.8%), from €248,875 to €227,039
- Reserves +€18,097
up €18,097 (+5.7%), from €315,578 to €333,674
of which Distributable reserves: +€18,097
- Trade debts +€8,703
up €8,703 (+757%), from €1,150 to €9,853
- Financial income -€174,946
down €174,946 (-100.0%), from €174,950 to €4
of which Non-recurring financial income: -€174,950
- Financial charges -€6,661
down €6,661 (-31.0%), from €21,504 to €14,843
- Gross operating margin +€3,802
up €3,802 (+8.1%), from €47,217 to €51,019
- Taxes +€3,366
up €3,366 (+65.6%), from €5,130 to €8,496
- Other operating charges -€831
down €831 (-56.4%), from €1,473 to €642
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 | €642,885 | €656,922 | +€14,037 | +2.2% |
| Fixed assets | 21/28 | €597,652 | €613,257 | +€15,605 | +2.6% |
| Tangible fixed assets | 22/27 | €247,152 | €262,757 | +€15,605 | +6.3% |
| Land and buildings | 22 | €205,702 | €217,896 | +€12,195 | +5.9% |
| Plant, machinery and equipment | 23 | €3,700 | €6,667 | +€2,967 | +80.2% |
| Furniture and vehicles | 24 | €6,286 | €9,263 | +€2,976 | +47.3% |
| Other tangible fixed assets | 26 | €31,463 | €28,930 | -€2,533 | -8.1% |
| Financial fixed assets | 28 | €350,500 | €350,500 | = | 0.0% |
| Current assets | 29/58 | €45,233 | €43,665 | -€1,568 | -3.5% |
| Amounts receivable within one year | 40/41 | €6,311 | €3,599 | -€2,712 | -43.0% |
| Trade receivables | 40 | €555 | €1,962 | +€1,408 | +254% |
| Other amounts receivable | 41 | €5,756 | €1,637 | -€4,119 | -71.6% |
| Cash at bank and in hand | 54/58 | €34,201 | €34,573 | +€372 | +1.1% |
| Deferred charges and accrued income | 490/1 | €4,721 | €5,493 | +€772 | +16.4% |
| Total equity and liabilities | 10/49 | €642,885 | €656,922 | +€14,037 | +2.2% |
| Equity | 10/15 | €334,178 | €352,274 | +€18,097 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,578 | €333,674 | +€18,097 | +5.7% |
| Tax-exempt reserves | 132 | €112 | €112 | = | 0.0% |
| Distributable reserves | 133 | €315,465 | €333,562 | +€18,097 | +5.7% |
| Amounts payable | 17/49 | €308,707 | €304,648 | -€4,060 | -1.3% |
| Amounts payable after more than one year | 17 | €248,875 | €227,039 | -€21,836 | -8.8% |
| Financial debts | 170/4 | €248,875 | €227,039 | -€21,836 | -8.8% |
| Amounts payable within one year | 42/48 | €55,587 | €71,510 | +€15,922 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €41,361 | €38,205 | -€3,156 | -7.6% |
| Financial debts | 43 | - | €2,932 | +€2,932 | |
| Credit institutions | 430/8 | - | €2,932 | +€2,932 | |
| Trade debts | 44 | €1,150 | €9,853 | +€8,703 | +757% |
| Suppliers | 440/4 | €1,150 | €9,853 | +€8,703 | +757% |
| Taxes, remuneration and social security | 45 | €831 | €5,052 | +€4,221 | +508% |
| Taxes | 450/3 | €831 | €3,772 | +€2,941 | +354% |
| Remuneration and social security | 454/9 | - | €1,280 | +€1,280 | |
| Other amounts payable | 47/48 | €12,246 | €15,468 | +€3,222 | +26.3% |
| Accrued charges and deferred income | 492/3 | €4,244 | €6,099 | +€1,854 | +43.7% |
| Non-recurring operating income | 76A | - | €262 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,500 | €8,945 | +€445 | +5.2% |
| Other operating charges | 640/8 | €1,473 | €642 | -€831 | -56.4% |
| Gross operating margin | 9900 | €47,217 | €51,019 | +€3,802 | +8.1% |
| Operating profit (loss) | 9901 | €37,244 | €41,432 | +€4,188 | +11.2% |
| Financial income | 75/76B | €174,950 | €4 | -€174,946 | -100.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +19,900% |
| Non-recurring financial income | 76B | €174,950 | - | -€174,950 | |
| Financial charges | 65/66B | €21,504 | €14,843 | -€6,661 | -31.0% |
| Recurring financial charges | 65 | €21,504 | €14,843 | -€6,661 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €190,690 | €26,593 | -€164,097 | -86.1% |
| Income taxes | 67/77 | €5,130 | €8,496 | +€3,366 | +65.6% |
| Profit (loss) for the period | 9904 | €185,560 | €18,097 | -€167,464 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €185,560 | €18,097 | -€167,464 | -90.2% |
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 24 October 2026 via checked.be.