CONECTO

Absorbed by EXALTA KBO/BCE: BE 0433.961.964

CONECTO

Financial year 2024

Follow Report

Annual accounts 2024

abbreviated format, filed on 24-06-2025, 37 days before the deadline

€22.6m

▲ 4.5%

-€333,160

▼ €551,466

€1.4m

▼ 27.4%

€1.3m

▼ 26.8%

53.6%

▲ 0.9 percentage points

2.26

▼ 0.26

Money flows

of every €100 of turnover, €1.94 was lost in 2024

Balance sheet

balance sheet total €38.3m on 31-12-2024

What the company ownsHow it is paid for

in €m

Staff

Men and women85% women

40.7 men and 234.7 women in full-time equivalents in 2024.

€65,334

Men €64,207, women €65,494 per full-time equivalent. Jobs differ, so this is not a pay gap.

+15 people

people who joined people who left

In 2024, 1,021 people joined and 1,006 left. Training hours in 2024: 4,736. Agency workers: 4.7 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2009	2008	2007
Balance sheet: assets
`20/58`	38.3m	40.8m	42.4m	43.5m	44.4m	46.2m	48.3m	23.3m	23.7m	20.7m	19.7m	15.6m	16.1m	16.6m	17.8m	10.9m	7.7m
`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
`21/28`	26.7m	27.5m	27.3m	26.9m	28.3m	31.3m	32.9m	16.1m	14.4m	13.1m	11.5m	9.5m	9.2m	-	8.8m	8.5m	4.9m
`21`	69,818	85,119	99,062	125,375	59,007	49,818	27,640	0	0	1,345	3,148	1,438	1,013	0	1,765	3,479	250
`22/27`	26.6m	27.4m	27.2m	26.8m	28.2m	31.2m	32.8m	16.1m	14.4m	13.1m	11.5m	9.5m	9.2m	9.3m	8.8m	8.5m	4.9m
`22`	25.4m	26.0m	26.2m	25.9m	27.3m	29.6m	31.1m	15.3m	11.2m	11.7m	9.8m	8.3m	8.2m	7.8m	7.6m	3.0m	3.1m
`23`	701,168	762,022	397,728	398,312	436,566	486,800	565,216	313,082	228,159	258,989	304,691	320,993	358,145	416,917	449,406	59,436	76,018
`24`	245,081	201,634	217,360	229,688	284,977	361,476	440,308	207,515	146,848	168,990	201,715	138,154	155,544	179,982	209,756	78,299	59,479
`25`	-	-	-	-	-	-	-	-	-	-	-	-	-	374,313	-	-	-
`27`	233,542	429,394	355,930	300,322	176,501	184,794	104,995	79,544	2.7m	729,918	856,866	491,666	214,310	513,955	0	4.5m	745,829
`28`	25,000	25,000	74	74	74	74	74	74	74	74	74	74	74	74	74	74	74
`280/1`	25,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`280`	25,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`284/8`	-	0	74	74	74	74	74	74	74	74	74	74	74	74	74	74	74
`285/8`	-	0	74	74	74	74	74	74	74	74	74	74	74	74	74	74	74
`29/58`	11.7m	13.3m	15.1m	16.6m	16.1m	14.9m	15.4m	7.3m	9.3m	7.6m	8.3m	6.1m	6.9m	7.3m	9.0m	2.4m	2.8m
`29`	5.6m	6.3m	7.0m	7.8m	8.5m	7.4m	8.0m	4.2m	4.8m	5.1m	5.5m	2.8m	3.0m	3.2m	3.6m	-	-
`290`	-	-	-	69,279	69,279	-	-	-	-	-	-	-	-	-	-	-	-
`291`	5.6m	6.3m	7.0m	7.7m	8.4m	7.4m	8.0m	4.2m	4.8m	5.1m	5.5m	2.8m	3.0m	3.2m	3.6m	-	-
`3`	80,096	68,190	67,140	79,696	111,001	60,642	77,047	25,369	30,861	23,367	22,001	20,869	25,728	21,904	29,379	36,010	36,003
`30/36`	80,096	68,190	67,140	79,696	111,001	60,642	77,047	25,369	30,861	23,367	22,001	20,869	25,728	21,904	29,379	36,010	36,003
`30/31`	80,096	68,190	67,140	79,696	111,001	60,642	77,047	25,369	30,861	23,367	22,001	20,869	25,728	21,904	29,379	36,010	36,003
`40/41`	3.2m	3.5m	3.1m	2.7m	3.2m	2.9m	3.1m	1.6m	1.5m	1.3m	1.3m	1.1m	1.3m	1.1m	1.2m	822,510	630,974
`40`	2.2m	2.4m	2.2m	1.8m	2.1m	2.0m	2.1m	1.0m	896,995	852,187	855,828	825,624	804,736	713,955	660,372	560,490	522,025
`41`	993,737	1.1m	953,509	890,825	1.2m	864,498	996,345	629,684	557,428	432,531	455,736	317,104	477,841	426,182	550,853	262,020	108,950
`50/53`	500,000	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	2.2m	2.8m	4.8m	5.9m	4.2m	4.6m	4.1m	1.3m	2.9m	1.0m	1.3m	2.0m	2.5m	2.9m	4.1m	1.5m	2.0m
`490/1`	99,597	89,548	80,368	119,548	82,093	81,029	99,826	55,809	97,585	94,536	124,194	45,917	83,987	93,761	87,317	64,142	123,212
Balance sheet: equity and liabilities
`10/49`	38.3m	40.8m	42.4m	43.5m	44.4m	46.2m	48.3m	23.3m	23.7m	20.7m	19.7m	15.6m	16.1m	16.6m	17.8m	10.9m	7.7m
`10/15`	20.5m	21.5m	22.0m	22.2m	21.6m	21.4m	22.3m	9.5m	10.1m	10.4m	10.4m	7.5m	7.7m	7.9m	8.5m	5.4m	4.3m
`10`	11.2m	11.2m	11.2m	-	-	-	-	-	-	-	-	-	-	3.4m	-	-	-
`100`	-	-	-	-	-	-	-	-	-	-	-	-	-	2.7m	-	-	-
`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	691,311	-	-	-
`14`	1.1m	1.5m	1.5m	1.2m	51,402	-757,844	-337,698	45,084	260,097	347,230	147,628	250,275	235,134	181,203	370,993	596,833	132,569
`15`	8.2m	8.7m	9.3m	9.8m	10.4m	10.9m	11.5m	6.1m	6.4m	6.6m	6.9m	3.9m	4.1m	4.3m	4.7m	745,449	788,312
`16`	6,633	14,419	17,359	175,539	191,137	211,711	164,949	157,190	161,371	128,845	130,100	137,905	161,309	163,627	203,481	284,750	287,766
`160/5`	6,633	14,419	17,359	175,539	191,137	211,711	164,949	157,190	161,371	128,845	130,100	137,905	161,309	163,627	203,481	284,750	287,766
`160`	6,633	14,419	17,359	30,195	45,792	66,366	37,046	29,286	33,468	-	-	-	-	-	-	-	-
`162`	-	-	-	-	-	-	127,904	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	145,344	145,345	145,345	-	127,904	127,904	128,845	130,100	137,905	161,309	-	203,481	284,750	287,766
`17/49`	17.8m	19.3m	20.5m	21.1m	22.5m	24.6m	25.8m	13.7m	13.5m	10.2m	9.2m	8.0m	8.2m	8.6m	9.1m	5.2m	3.1m
`17`	11.9m	13.3m	14.7m	16.0m	17.4m	19.3m	20.6m	11.2m	10.6m	7.6m	6.7m	5.6m	6.0m	6.4m	7.0m	2.4m	1.3m
`170/4`	11.9m	13.3m	14.7m	16.0m	17.4m	19.3m	20.6m	11.2m	10.6m	7.6m	6.7m	5.6m	6.0m	6.4m	7.0m	2.4m	1.3m
`172`	-	-	-	-	-	570,000	585,000	600,000	615,000	630,000	645,000	660,000	675,000	675,025	675,074	-	-
`173`	11.9m	13.3m	14.7m	16.0m	17.3m	18.6m	19.8m	10.6m	9.9m	7.0m	6.0m	5.0m	5.3m	5.7m	6.4m	2.4m	1.3m
`174`	-	-	-	-	50,000	150,000	250,000	-	-	-	-	-	-	-	-	-	-
`42/48`	5.2m	5.3m	5.0m	4.5m	4.7m	4.8m	4.6m	1.9m	2.4m	2.0m	1.9m	1.5m	1.4m	1.4m	1.5m	2.3m	1.5m
`42`	1.4m	1.4m	1.3m	1.3m	1.3m	1.3m	1.4m	659,649	646,027	445,265	457,875	381,984	352,098	337,799	307,275	120,847	117,698
`44`	605,519	800,033	498,576	403,593	486,849	645,453	520,970	222,092	691,413	661,085	699,391	309,132	281,876	279,330	617,288	1.6m	717,949
`440/4`	605,519	800,033	498,576	403,593	486,849	645,453	520,970	222,092	691,413	661,085	699,391	309,132	281,876	279,330	617,288	1.6m	717,949
`46`	64,607	97,622	122,783	185,175	521,889	560,010	259,572	1,736	-	-	-	-	-	-	-	0	132,141
`45`	2.8m	2.8m	3.0m	2.5m	2.3m	2.2m	2.4m	1.0m	1.0m	843,500	780,349	817,271	747,423	796,266	561,772	601,490	553,269
`450/3`	398,477	424,049	630,602	340,736	315,784	320,499	140,844	120,113	162,937	70,865	63,692	75,330	77,697	120,069	50,032	70,523	61,097
`454/9`	2.4m	2.4m	2.3m	2.2m	1.9m	1.9m	2.2m	886,879	861,426	772,635	716,657	741,941	669,726	676,197	511,740	530,967	492,172
`47/48`	223,244	158,753	106,849	56,360	-	-	-	-	-	-	-	-	-	10,089	-	-	-
`492/3`	769,115	741,931	726,538	585,419	497,785	509,468	650,749	605,227	564,426	576,337	577,005	797,493	816,822	799,136	600,169	522,998	247,631
Income statement
`70/76A`	26.6m	26.0m	24.5m	23.5m	22.2m	20.9m	20.7m	10.5m	10.1m	9.9m	9.3m	9.1m	8.9m	-	7.3m	6.2m	5.7m
`70`	22.6m	21.6m	20.5m	18.6m	17.8m	18.3m	17.7m	8.1m	7.7m	7.6m	7.0m	6.8m	6.7m	6.1m	5.5m	4.9m	4.5m
`73`	3.7m	3.9m	3.7m	3.7m	3.5m	2.4m	2.7m	1.4m	1.4m	1.4m	1.4m	1.3m	1.3m	1.2m	1.1m	815,585	725,234
`74`	321,832	442,160	248,703	152,999	-	-	-	-	-	-	-	-	-	976,920	-	-	-
`76A`	-	5,000	15,768	1.1m	749,281	93,328	6,401	8,870	-	12,108	5,950	41,385	5,173	-	16,214	260,501	23,028
`60/66A`	27.0m	25.8m	24.0m	22.1m	21.6m	21.0m	20.2m	10.2m	10.0m	9.5m	9.0m	9.0m	8.7m	-	6.9m	5.9m	5.7m
`60`	1.6m	1.6m	1.4m	1.4m	1.4m	1.4m	1.4m	572,308	604,763	608,433	590,527	599,203	632,869	597,479	536,519	488,107	483,045
`600/8`	1.6m	1.6m	1.4m	1.3m	1.4m	1.4m	1.4m	566,816	612,257	609,799	591,659	594,344	636,693	589,551	529,888	488,114	473,838
`609`	-11,907	-1,049	12,556	31,305	-50,359	16,405	-17,874	5,492	-7,494	-1,366	-1,131	4,859	-3,824	7,927	6,631	-7	9,207
`61`	5.2m	4.7m	4.1m	3.6m	3.3m	3.4m	3.0m	1.9m	1.9m	1.8m	1.7m	1.8m	1.8m	1.8m	1.7m	1.2m	1.3m
`62`	18.0m	17.6m	16.7m	15.4m	14.4m	14.0m	13.5m	6.7m	6.6m	6.2m	6.0m	5.9m	5.7m	5.3m	4.3m	3.9m	3.6m
`630`	1.8m	1.8m	1.8m	1.8m	2.0m	2.1m	2.2m	1.0m	853,833	850,537	735,719	655,618	594,141	584,223	502,025	310,792	318,092
`631/4`	8,401	8,792	6,099	-	-	-	-	1,168	5,450	395	-	-	-	0	0	634	-
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,664	-	-	-
`640/8`	34,938	41,889	187,334	40,538	40,338	39,619	37,658	14,719	11,102	9,639	5,483	13,709	33,123	88,554	3,466	4,273	12,913
`66A`	328,977	33,929	33,308	1,665	512,122	4	18,759	170,680	20,630	2,332	188,412	8,841	4,160	-	386,611	8,360	15,940
`9901`	-333,160	218,305	519,730	1.4m	605,528	-104,337	543,885	247,474	130,719	358,084	263,794	135,884	216,864	-129,160	335,534	277,918	44,437
`75/76B`	390,663	386,808	368,070	367,958	882,899	312,113	312,321	141,812	143,027	147,818	102,099	111,448	114,810	-	10,938	18,026	42,523
`75`	386,359	386,758	368,070	367,958	312,124	312,113	312,321	141,812	143,027	147,818	102,099	111,448	114,810	128,845	10,938	18,026	42,523
`751`	19,889	19,694	-	-	-	1	-	141,812	143,027	147,818	102,099	111,418	114,303	128,845	10,243	17,920	42,264
`752/9`	366,470	367,064	368,070	367,958	312,124	312,113	312,321	-	-	0	0	30	507	0	695	106	259
`76B`	4,304	50	-	-	570,775	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	490,743	539,889	569,127	650,775	677,872	720,991	765,820	442,488	340,248	316,076	286,079	264,736	278,756	-	201,915	83,821	119,759
`65`	490,743	539,889	569,127	650,775	677,872	720,991	765,820	442,488	340,248	316,076	286,079	264,736	278,756	296,128	201,915	83,821	119,759
`650`	488,080	536,863	566,379	649,296	675,197	718,125	761,554	412,320	335,163	314,768	274,160	263,408	277,959	294,990	201,226	83,199	119,026
`652/9`	2,663	3,026	2,748	1,479	2,675	2,866	4,266	30,168	5,085	1,307	11,918	1,328	797	1,139	689	622	733
`9903`	-433,240	65,225	318,673	1.1m	810,555	-513,215	90,386	-53,203	-66,503	189,827	79,815	-17,404	52,919	-	144,558	212,123	-32,800
`67/77`	6,042	7,146	2,139	2,208	1,309	-	-	-	-	-	-	-	-	-	-	-	-
`670/3`	6,042	7,146	2,139	2,208	1,309	-	-	-	-	-	-	-	-	-	-	-	-
`9904`	-439,282	58,079	316,534	1.1m	809,246	-420,146	77,755	-215,013	-87,133	199,602	-102,648	15,141	53,932	-476,089	-225,839	464,264	-25,711
`9905`	-439,282	58,079	316,534	1.1m	809,246	-420,146	77,755	-215,013	-87,133	199,602	-102,648	15,141	-	-	-	-	-
Appropriation of the result
`9906`	1.1m	1.5m	1.5m	1.2m	51,402	-757,844	122,839	45,084	260,097	347,230	147,628	250,275	-	-	-	-	-
`14P`	1.5m	1.5m	1.2m	51,402	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	275.4	281.6	305.6	302.7	268.3	256	255.3	127.5	127.2	120	113	114	113	108.4	95.5	91.5	89.3
Men (FTE)`1003`	40.7	42.6	47.8	44.3	41.4	40.2	37.9	15.3	15.2	14	11	12	15	-	-	-	-
Women (FTE)`1003`	234.7	239	258.2	258.4	226.9	215.8	217.4	112.2	112	106	102	102	98	-	-	-	-
Agency workers`1501`	4.7	5.8	16.7	17.8	4.3	3.5	1.5	0.3	0.3	0.1	0.3	0.5	1.7	-	1.3	0.8	0.8
Hours worked`1013`	374,118	371,329	367,044	367,667	366,754	361,909	364,772	184,332	187,441	181,136	169,612	170,249	167,967	-	147,261	138,094	137,635
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 83 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 24-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2024	abbreviated format	24-06-2025	2025-00189319	PDF
31-12-2023	abbreviated format	11-07-2024	2024-00264606	PDF
31-12-2022	abbreviated format	31-07-2023	2023-00297303	PDF
31-12-2021	abbreviated format	20-07-2022	2022-20226285	PDF
31-12-2020	abbreviated format	02-07-2021	2021-29800225	PDF
31-12-2019	abbreviated format	22-09-2020	2020-54600394	PDF
31-12-2018	abbreviated format	15-07-2019	2019-34500437	PDF
31-12-2017	abbreviated format	15-06-2018	2018-19200506	PDF
31-12-2016	abbreviated format	29-06-2017	2017-26900390	PDF
31-12-2015	abbreviated format	16-06-2016	2016-19000421	PDF
31-12-2014	abbreviated format	11-06-2015	2015-16700461	PDF
31-12-2013	abbreviated format	17-06-2014	2014-18700592	PDF
31-12-2012	abbreviated format	25-06-2013	2013-22700351	PDF
31-12-2011	abbreviated format	22-06-2012	2012-20700526	PDF
31-12-2010	abbreviated format	29-06-2011	2011-18600223	PDF
31-12-2009	abbreviated format	01-07-2010	2010-27400034	PDF
31-12-2008	abbreviated format	11-06-2009	2009-21900372	PDF
31-12-2007	abbreviated format	24-06-2008	2008-25800130	PDF
31-12-2006	abbreviated format	29-06-2007	2007-30500304	PDF

Subsidies and aid

Flemish government 2022 to 2025, 22 entries, €1.9m awarded, €2.9m paid

Erkenning en financiering/subsidiëring van woonzorgcentra

€1.8m

Vlaams opleidingsverlof (VOV)

€52,005

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

€47,912

Relance budget 45 - Inzetten op kwaliteit en 'good governance' van WZC & vooruitschuif nieuw beleid

€13,764

Dienstencheques

€10,864

Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet

€1,800

Premie kwalificerend werkplekleren

€1,600

Stagebonus (discontinued)

€500

Subsidie voor alternatieve financiering ouderenzorg

3×

Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023

1×

Werkbaarheidscheque (discontinued)

1×

Year	Entries	Awarded	Paid
2025	1	€1.0m	€1.0m
2024	6	€0.2m	€0.5m
2023	8	€0.3m	€0.7m
2022	7	€0.4m	€0.7m

Key figures and ratios

per financial year, computed from the annual accounts

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2009	2008	2007
1.4m	2.0m	2.3m	3.2m	2.6m	2.0m	2.7m	1.3m	984,552	1.2m	999,513	791,502	811,006	455,063	837,559	588,709	362,529
1.3m	1.8m	2.1m	2.9m	2.8m	1.6m	2.3m	829,455	766,700	1.1m	633,071	670,759	648,073	108,134	276,186	775,055	292,381
1.2m	2.0m	2.1m	558,629	458,409	462,708	26.1m	2.8m	2.2m	2.5m	2.9m	988,119	552,329	569,859	5.7m	3.9m	755,404
-660,762	-2.0m	-1.0m	1.7m	-396,639	440,468	2.8m	-1.6m	1.9m	-303,905	-697,760	-421,266	-394,673	-	2.6m	-478,806	-
6.5m	8.0m	10.1m	12.0m	11.4m	10.1m	10.9m	5.4m	6.9m	5.6m	6.3m	4.5m	5.5m	5.9m	7.6m	93,781	1.2m
-1.5%	1.0%	2.5%	7.5%	3.4%	-0.6%	3.1%	3.0%	1.7%	4.7%	3.8%	2.0%	3.2%	-2.1%	6.1%	5.7%	1.0%
53.6%	52.6%	51.8%	51.0%	48.8%	46.2%	46.3%	40.7%	42.4%	50.2%	52.9%	48.2%	47.9%	47.3%	47.6%	49.6%	55.9%
2.26	2.52	3.00	3.66	3.44	3.09	3.39	3.81	3.90	3.86	4.25	3.99	4.93	5.15	6.06	1.04	1.81
2.24	2.51	2.98	3.64	3.42	3.08	3.38	3.80	3.89	3.85	4.24	3.98	4.91	5.13	6.04	1.02	1.78
0.87	0.90	0.93	0.95	1.04	1.15	1.15	1.44	1.34	0.98	0.88	1.06	1.07	1.09	1.08	0.96	0.72
-2.1%	0.3%	1.4%	5.0%	3.7%	-2.0%	0.3%	-2.3%	-0.9%	1.9%	-1.0%	0.2%	0.7%	-6.1%	-2.7%	8.6%	-0.6%
-1.1%	0.1%	0.7%	2.5%	1.8%	-0.9%	0.2%	-0.9%	-0.4%	1.0%	-0.5%	0.1%	0.3%	-2.9%	-1.3%	4.3%	-0.3%
2.96	3.70	4.03	4.90	3.85	2.73	3.61	3.13	2.94	3.84	3.65	3.00	2.92	1.54	4.16	7.08	3.05
35 days	40 days	39 days	36 days	43 days	40 days	43 days	45 days	42 days	41 days	45 days	44 days	44 days	43 days	44 days	42 days	42 days
32 days	47 days	33 days	30 days	38 days	49 days	43 days	32 days	102 days	100 days	109 days	47 days	42 days	43 days	101 days	333 days	151 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By geographic market 2020

Ter Hovingen (Gentbrugge) €9,214,36751.7%
Ter Rive (Gent) €4,404,99024.7%
Heilige Familie (Kieldrecht) €4,167,34323.4%
Rozendael (Gent) €33,2250.2%

Total €17,819,925

Source: 2020 accounts, page 20, filing 2021-29800225

All years (2019 to 2020)

By geographic market	2019	2020
Ter Hovingen (Gentbrugge)	€8,935,238	€9,214,367
Ter Rive (Gent)	€4,898,695	€4,404,990
Heilige Familie (Kieldrecht)	€4,077,176	€4,167,343
Rozendael (Gent)	€385,783	€33,225
Total	€18,296,892	€17,819,925

Social balance sheet

Item	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	342	325	329	374
full-time	142	130	153	172
part-time	200	195	176	202
in full-time equivalents	274.5	257.5	271.8	307.5
	275.4	281.6	306	302.7
On a permanent contract	279	273	276	276
Joined	1,021	1,033	518	269
Left	1,006	1,038	562	247
Agency workers, average number	4.7	5.8	16.7	17.8
Training hours	4,736	4,365	4,074	5,215

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others

Item	2024	2023	2022	2021
Debts secured on the company's own assets	€3.2m	€3.5m	€3.8m	€4.2m
Debts guaranteed by Belgian public bodies	€10.1m	€11.2m	€13.1m	€13.2m
Mortgages, amount registered	€4.4m	€4.4m	€4.4m	€4.4m
	€13.1m	€13.1m	€13.1m	€13.1m
Carrying value of the mortgaged assets	€5.3m	€5.6m	€6.0m	€6.4m
Pledge on other assets, amount secured	€2.2m	€2.2m	€2.2m	€2.2m
Carrying value of the other pledged assets	€2.2m	€2.2m	€2.2m	€1.8m

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2024	2023	2022	2021
Tangible fixed assets	€1.2m	€2.0m	€2.1m	€447,688
Intangible fixed assets	€21,145	€22,612	€24,090	€110,941
Financial fixed assets	-	€25,000	-	-
	€1.8m	€1.8m	€1.8m	€1.8m

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Auditor

fees

Item	2024	2023	2022	2021
Fee for the audit	€15,459	€12,367	€11,893	€12,306
Other work by the auditor	€13,274	-	€635	€1,924

Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)

Insights on CONECTO

The operating result for 2024 is a loss of €333,160, after a profit of €218,305 in 2023. It is the lowest result since 2007.

Debt's share of the balance-sheet total falls from 47.3% to 46.4%. Equity and debt are lower.

Large changes and their cause

2022 Net result -71% on 2021. The 2021 profit included a one-off income of €1,072,626.

Annual accounts 2024

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Staff

Men and women85% women

Staff cost per FTE€65,334

Joined and left+15 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 22 entries, €1.9m awarded, €2.9m paid

Key figures and ratios

Revenue breakdown

By geographic market 2020

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on CONECTO

in €m

in €m

€65,334

+15 people