Con Tigo: 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.
Con Tigo
Largest movements
- Cash -€22,614
down €22,614 (-25.4%), from €88,910 to €66,295
mainly Net result for the year (-€19,446) and Receivables within one year (-€5,263)
- Tangible fixed assets -€9,943
down €9,943 (-45.9%), from €21,666 to €11,723
of which Plant, machinery and equipment: -€6,702
- Receivables within one year +€5,263
up €5,263, from €0 to €5,263
of which Other amounts receivable: +€5,263
- Deferred charges and accrued income +€4,791
up €4,791 (+377%), from €1,272 to €6,063
- Reserves -€21,112
down €21,112 (-60.6%), from €34,812 to €13,700
- Tax, wage and social debts -€3,591
down €3,591 (-46.3%), from €7,756 to €4,164
- Debts after one year +€2,202
up €2,202 (+4.7%), from €46,864 to €49,066
of which Other amounts payable: +€2,202
- Trade debts +€1,204
up €1,204 (+32.9%), from €3,661 to €4,865
- Gross operating margin -€29,555
down €29,555, from €24,480 to -€5,075
- Taxes -€2,269
down €2,269 (-100%), from €2,269 to €0
- Depreciation -€1,207
down €1,207 (-10.6%), from €11,401 to €10,194
- Other operating charges -€1,035
down €1,035 (-29.7%), from €3,491 to €2,456
- Financial charges +€559
up €559 (+46.0%), from €1,214 to €1,773
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 | €115,854 | €93,461 | -€22,393 | -19.3% |
| Fixed assets | 21/28 | €21,666 | €11,723 | -€9,943 | -45.9% |
| Tangible fixed assets | 22/27 | €21,666 | €11,723 | -€9,943 | -45.9% |
| Plant, machinery and equipment | 23 | €18,238 | €11,536 | -€6,702 | -36.7% |
| Furniture and vehicles | 24 | €3,427 | €186 | -€3,241 | -94.6% |
| Current assets | 29/58 | €94,188 | €81,738 | -€12,450 | -13.2% |
| Stocks and contracts in progress | 3 | €4,007 | €4,118 | +€111 | +2.8% |
| Stocks | 30/36 | €4,007 | €4,118 | +€111 | +2.8% |
| Amounts receivable within one year | 40/41 | €0 | €5,263 | +€5,263 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €5,263 | +€5,263 | |
| Cash at bank and in hand | 54/58 | €88,910 | €66,295 | -€22,614 | -25.4% |
| Deferred charges and accrued income | 490/1 | €1,272 | €6,063 | +€4,791 | +377% |
| Total equity and liabilities | 10/49 | €115,854 | €93,461 | -€22,393 | -19.3% |
| Equity | 10/15 | €54,812 | €33,700 | -€21,112 | -38.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,812 | €13,700 | -€21,112 | -60.6% |
| Distributable reserves | 133 | €34,812 | €13,700 | -€21,112 | -60.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,042 | €59,761 | -€1,281 | -2.1% |
| Amounts payable after more than one year | 17 | €46,864 | €49,066 | +€2,202 | +4.7% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €46,864 | €49,066 | +€2,202 | +4.7% |
| Amounts payable within one year | 42/48 | €14,178 | €10,695 | -€3,483 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €1,043 | €0 | -€1,043 | -100% |
| Trade debts | 44 | €3,661 | €4,865 | +€1,204 | +32.9% |
| Suppliers | 440/4 | €3,661 | €4,865 | +€1,204 | +32.9% |
| Taxes, remuneration and social security | 45 | €7,756 | €4,164 | -€3,591 | -46.3% |
| Taxes | 450/3 | €7,756 | €4,164 | -€3,591 | -46.3% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €3,312 | +€3,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,401 | €10,194 | -€1,207 | -10.6% |
| Other operating charges | 640/8 | €3,491 | €2,456 | -€1,035 | -29.7% |
| Gross operating margin | 9900 | €24,480 | -€5,075 | -€29,555 | |
| Operating profit (loss) | 9901 | €9,587 | -€17,726 | -€27,313 | |
| Financial income | 75/76B | €194 | €52 | -€142 | -73.2% |
| Recurring financial income | 75 | €194 | €52 | -€142 | -73.2% |
| Financial charges | 65/66B | €1,214 | €1,773 | +€559 | +46.0% |
| Recurring financial charges | 65 | €1,214 | €1,773 | +€559 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €8,567 | -€19,446 | -€28,013 | |
| Income taxes | 67/77 | €2,269 | €0 | -€2,269 | -100% |
| Profit (loss) for the period | 9904 | €6,298 | -€19,446 | -€25,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,298 | -€19,446 | -€25,744 |
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 18 October 2026 via checked.be.