C-CONEX: 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.
C-CONEX
Largest movements
- Cash +€18,657
up €18,657 (+340.9%), from €5,473 to €24,130
mainly Other debts (+€34,015) and Net result for the year (+€26,238)
- Tangible fixed assets -€9,085
down €9,085 (-6.8%), from €133,254 to €124,170
of which Plant, machinery and equipment: -€4,694
- Other debts +€34,015
up €34,015 (+638.4%), from €5,328 to €39,343
- Contributions -€19,900
down €19,900 (-99.5%), from €20,000 to €100
- Reserves +€14,238
up €14,238 (+35.4%), from €40,227 to €54,465
- Debts after one year -€10,629
down €10,629 (-17.7%), from €59,985 to €49,356
- Profit (loss) carried forward -€7,516
no longer reported in 2025 (was €7,516)
- Gross operating margin +€8,840
up €8,840 (+20.5%), from €43,034 to €51,874
- Taxes +€1,661
up €1,661 (+19.5%), from €8,500 to €10,161
- Financial charges +€1,011
up €1,011 (+27.5%), from €3,681 to €4,692
- Depreciation -€852
down €852 (-8.6%), from €9,936 to €9,085
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.
Cash bridge derived
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 | €149,375 | €160,733 | +€11,358 | +7.6% |
| Fixed assets | 21/28 | €133,254 | €124,170 | -€9,085 | -6.8% |
| Tangible fixed assets | 22/27 | €133,254 | €124,170 | -€9,085 | -6.8% |
| Land and buildings | 22 | €113,602 | €109,388 | -€4,214 | -3.7% |
| Plant, machinery and equipment | 23 | €18,668 | €13,975 | -€4,694 | -25.1% |
| Furniture and vehicles | 24 | €984 | €807 | -€177 | -18.0% |
| Current assets | 29/58 | €16,120 | €36,563 | +€20,442 | +126.8% |
| Amounts receivable within one year | 40/41 | €10,096 | €11,202 | +€1,106 | +11.0% |
| Trade receivables | 40 | €10,096 | €11,202 | +€1,106 | +11.0% |
| Cash at bank and in hand | 54/58 | €5,473 | €24,130 | +€18,657 | +340.9% |
| Deferred charges and accrued income | 490/1 | €552 | €1,231 | +€679 | +123.1% |
| Total equity and liabilities | 10/49 | €149,375 | €160,733 | +€11,358 | +7.6% |
| Equity | 10/15 | €67,743 | €54,565 | -€13,178 | -19.5% |
| Contributions | 10/11 | €20,000 | €100 | -€19,900 | -99.5% |
| Reserves | 13 | €40,227 | €54,465 | +€14,238 | +35.4% |
| Distributable reserves | 133 | €40,227 | €54,465 | +€14,238 | +35.4% |
| Profit (loss) carried forward | 14 | €7,516 | - | -€7,516 | |
| Amounts payable | 17/49 | €81,632 | €106,168 | +€24,536 | +30.1% |
| Amounts payable after more than one year | 17 | €59,985 | €49,356 | -€10,629 | -17.7% |
| Financial debts | 170/4 | €59,985 | €49,356 | -€10,629 | -17.7% |
| Amounts payable within one year | 42/48 | €21,647 | €56,385 | +€34,738 | +160.5% |
| Current portion of amounts payable after more than one year | 42 | €13,225 | €10,629 | -€2,597 | -19.6% |
| Trade debts | 44 | €925 | €915 | -€10 | -1.1% |
| Suppliers | 440/4 | €925 | €915 | -€10 | -1.1% |
| Taxes, remuneration and social security | 45 | €2,168 | €5,498 | +€3,330 | +153.6% |
| Taxes | 450/3 | €2,168 | €5,498 | +€3,330 | +153.6% |
| Other amounts payable | 47/48 | €5,328 | €39,343 | +€34,015 | +638.4% |
| Accrued charges and deferred income | 492/3 | - | €427 | +€427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,936 | €9,085 | -€852 | -8.6% |
| Other operating charges | 640/8 | €2,138 | €1,700 | -€438 | -20.5% |
| Gross operating margin | 9900 | €43,034 | €51,874 | +€8,840 | +20.5% |
| Operating profit (loss) | 9901 | €30,960 | €41,090 | +€10,130 | +32.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +236.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +236.7% |
| Financial charges | 65/66B | €3,681 | €4,692 | +€1,011 | +27.5% |
| Recurring financial charges | 65 | €3,681 | €4,692 | +€1,011 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €27,280 | €36,399 | +€9,119 | +33.4% |
| Income taxes | 67/77 | €8,500 | €10,161 | +€1,661 | +19.5% |
| Profit (loss) for the period | 9904 | €18,779 | €26,238 | +€7,459 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,779 | €26,238 | +€7,459 | +39.7% |
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 10 October 2026 via checked.be.