CON-FORM: what changed
Two fiscal 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.
CON-FORM
Largest movements
- Tangible fixed assets -€42,049
down €42,049 (-10.0%), from €420,905 to €378,856
of which Land and buildings: -€22,551
- Receivables within one year -€16,210
down €16,210 (-9.3%), from €173,797 to €157,587
of which Other amounts receivable: -€13,617
- Debts after one year -€34,900
down €34,900 (-14.5%), from €240,134 to €205,234
- Other debts -€30,223
down €30,223 (-31.5%), from €95,890 to €65,667
- Reserves +€17,922
up €17,922 (+10.4%), from €172,110 to €190,033
of which Distributable reserves: +€17,922
- Turnover -€39,536
down €39,536 (-26.2%), from €150,708 to €111,171
- Gross operating margin -€34,314
down €34,314 (-30.3%), from €113,113 to €78,799
- Write-downs -€17,023
down €17,023 (-100.0%), from €17,023 to €0
- Purchases and services -€14,066
down €14,066 (-24.2%), from €58,163 to €44,096
- Taxes -€6,154
down €6,154 (-37.6%), from €16,364 to €10,210
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 | €599,882 | €545,336 | -€54,546 | -9.1% |
| Fixed assets | 21/28 | €420,905 | €378,856 | -€42,049 | -10.0% |
| Tangible fixed assets | 22/27 | €420,905 | €378,856 | -€42,049 | -10.0% |
| Land and buildings | 22 | €397,224 | €374,673 | -€22,551 | -5.7% |
| Furniture and vehicles | 24 | €23,681 | €4,183 | -€19,497 | -82.3% |
| Current assets | 29/58 | €178,977 | €166,480 | -€12,497 | -7.0% |
| Amounts receivable within one year | 40/41 | €173,797 | €157,587 | -€16,210 | -9.3% |
| Trade receivables | 40 | €157,584 | €154,991 | -€2,594 | -1.6% |
| Other amounts receivable | 41 | €16,213 | €2,596 | -€13,617 | -84.0% |
| Cash at bank and in hand | 54/58 | €407 | €3,866 | +€3,458 | +849.2% |
| Deferred charges and accrued income | 490/1 | €4,772 | €5,027 | +€255 | +5.3% |
| Total equity and liabilities | 10/49 | €599,882 | €545,336 | -€54,546 | -9.1% |
| Equity | 10/15 | €210,710 | €228,633 | +€17,922 | +8.5% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €172,110 | €190,033 | +€17,922 | +10.4% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €168,250 | €186,173 | +€17,922 | +10.7% |
| Amounts payable | 17/49 | €389,171 | €316,703 | -€72,468 | -18.6% |
| Amounts payable after more than one year | 17 | €240,134 | €205,234 | -€34,900 | -14.5% |
| Financial debts | 170/4 | €240,134 | €205,234 | -€34,900 | -14.5% |
| Amounts payable within one year | 42/48 | €149,037 | €111,469 | -€37,568 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €37,963 | €34,900 | -€3,063 | -8.1% |
| Financial debts | 43 | €828 | €0 | -€828 | -100.0% |
| Other loans | 439 | €828 | €0 | -€828 | -100.0% |
| Trade debts | 44 | €1,189 | €2,970 | +€1,782 | +149.9% |
| Suppliers | 440/4 | €1,189 | €2,970 | +€1,782 | +149.9% |
| Taxes, remuneration and social security | 45 | €13,167 | €7,932 | -€5,235 | -39.8% |
| Taxes | 450/3 | €13,167 | €7,932 | -€5,235 | -39.8% |
| Other amounts payable | 47/48 | €95,890 | €65,667 | -€30,223 | -31.5% |
| Turnover | 70 | €150,708 | €111,171 | -€39,536 | -26.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,163 | €44,096 | -€14,066 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,313 | €24,836 | -€5,478 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,023 | €0 | -€17,023 | -100.0% |
| Other operating charges | 640/8 | €5,939 | €6,928 | +€989 | +16.7% |
| Non-recurring operating charges | 66A | - | €10,213 | +€10,213 | |
| Gross operating margin | 9900 | €113,113 | €78,799 | -€34,314 | -30.3% |
| Operating profit (loss) | 9901 | €59,838 | €36,822 | -€23,015 | -38.5% |
| Financial income | 75/76B | €0 | €53 | +€53 | +29344.4% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +29344.4% |
| Financial charges | 65/66B | €11,106 | €8,743 | -€2,364 | -21.3% |
| Recurring financial charges | 65 | €11,106 | €8,743 | -€2,364 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €48,731 | €28,133 | -€20,599 | -42.3% |
| Income taxes | 67/77 | €16,364 | €10,210 | -€6,154 | -37.6% |
| Profit (loss) for the period | 9904 | €32,367 | €17,922 | -€14,445 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,367 | €17,922 | -€14,445 | -44.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.