CONA: 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.
What changed
CONA
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€882,526
2024 · €1.3m-€384,363
Equity
€8.6m
2024 · €9.3m-€688,903
Cash
€2.8m
2024 · €2.8m+€78,390
Balance sheet total
€13.3m
2024 · €14.1m-€804,347
Largest movements
Assets
- Stocks and contracts -€845,500
down €845,500 (-39.4%), from €2.1m to €1.3m
- Tangible fixed assets -€189,168
down €189,168 (-26.2%), from €722,891 to €533,722
of which Furniture and vehicles: -€102,830
- Receivables within one year +€187,018
up €187,018 (+10.5%), from €1.8m to €2.0m
of which Other amounts receivable: +€621,770
Equity and liabilities
- Reserves -€688,903
down €688,903 (-7.4%), from €9.3m to €8.6m
of which Distributable reserves: -€688,903
Income statement
- Goods and materials -€967,646
down €967,646 (-18.7%), from €5.2m to €4.2m
- Turnover +€548,788
up €548,788 (+4.3%), from €12.7m to €13.3m
- Services and other goods -€263,181
down €263,181 (-6.3%), from €4.2m to €3.9m
- Taxes -€163,762
down €163,762 (-32.8%), from €498,541 to €334,779
- Other operating income +€162,272
up €162,272 (+95.5%), from €169,924 to €332,196
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.
Result 2024
€1.3m
Turnover
+€548,788
Other operating income
+€162,272
Goods and materials
+€967,646
Services and other goods
+€263,181
Staff costs
+€42,534
Depreciation
-€2,867
Provisions
+€133,077
Other operating charges
+€8,835
Other operating items
-€2.6m
Financial income
-€32,098
Financial charges
+€7,600
Taxes
+€163,762
Result 2025
€882,526
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.
From operations
+€1.8m
Investment
+€24,354
Financing
-€1.7m
Cash 2024
€2.8m
From operations (derived)
+€1.8m
Net result for the year
+€882,526
Depreciation
+€205,443
Stocks and contracts
+€845,500
Receivables within one year
-€187,018
Deferred charges and accrued income
-€5,541
Trade debts
+€74,173
Tax, wage and social debts
-€6,725
Other debts
-€37,000
Investment (derived)
+€24,354
Investment in fixed assets (net)
-€16,139
Current investments
+€40,493
Financing
-€1.7m
Debts after one year
-€109,766
Current portion of long-term debt
-€36,126
Contributions, distributions and other
-€1.6m
Cash 2025
€2.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,122,464 | €13,318,117 | -€804,347 | -5.7% |
| Fixed assets | 21/28 | €873,779 | €684,475 | -€189,303 | -21.7% |
| Tangible fixed assets | 22/27 | €722,891 | €533,722 | -€189,168 | -26.2% |
| Land and buildings | 22 | €836 | €656 | -€180 | -21.5% |
| Plant, machinery and equipment | 23 | €231,951 | €176,259 | -€55,692 | -24.0% |
| Furniture and vehicles | 24 | €390,593 | €287,763 | -€102,830 | -26.3% |
| Leasing and similar rights | 25 | €89,091 | €51,247 | -€37,844 | -42.5% |
| Other tangible fixed assets | 26 | €10,419 | €17,797 | +€7,378 | +70.8% |
| Financial fixed assets | 28 | €150,888 | €150,753 | -€135 | -0.1% |
| Other financial fixed assets | 284/8 | €150,888 | €150,753 | -€135 | -0.1% |
| Amounts receivable and cash guarantees | 285/8 | €150,888 | €150,753 | -€135 | -0.1% |
| Current assets | 29/58 | €13,248,686 | €12,633,642 | -€615,044 | -4.6% |
| Amounts receivable after more than one year | 29 | €1,083,760 | €1,083,760 | = | 0.0% |
| Other amounts receivable | 291 | €1,083,760 | €1,083,760 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,145,500 | €1,300,000 | -€845,500 | -39.4% |
| Contracts in progress | 37 | €2,145,500 | €1,300,000 | -€845,500 | -39.4% |
| Amounts receivable within one year | 40/41 | €1,774,960 | €1,961,978 | +€187,018 | +10.5% |
| Trade receivables | 40 | €918,230 | €483,478 | -€434,751 | -47.3% |
| Other amounts receivable | 41 | €856,730 | €1,478,500 | +€621,770 | +72.6% |
| Current investments | 50/53 | €5,439,102 | €5,398,608 | -€40,493 | -0.7% |
| Other investments | 51/53 | €5,439,102 | €5,398,608 | -€40,493 | -0.7% |
| Cash at bank and in hand | 54/58 | €2,766,152 | €2,844,543 | +€78,390 | +2.8% |
| Deferred charges and accrued income | 490/1 | €39,212 | €44,753 | +€5,541 | +14.1% |
| Total equity and liabilities | 10/49 | €14,122,464 | €13,318,117 | -€804,347 | -5.7% |
| Equity | 10/15 | €9,314,011 | €8,625,108 | -€688,903 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,295,411 | €8,606,508 | -€688,903 | -7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,295,411 | €8,606,508 | -€688,903 | -7.4% |
| Provisions and deferred taxes | 16 | €662,356 | €662,356 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €662,356 | €662,356 | = | 0.0% |
| Other liabilities and charges | 164/5 | €662,356 | €662,356 | = | 0.0% |
| Amounts payable | 17/49 | €4,146,097 | €4,030,653 | -€115,444 | -2.8% |
| Amounts payable after more than one year | 17 | €312,569 | €202,803 | -€109,766 | -35.1% |
| Financial debts | 170/4 | €312,569 | €202,803 | -€109,766 | -35.1% |
| Leasing and similar obligations | 172 | €9,594 | €0 | -€9,594 | -100.0% |
| Credit institutions | 173 | €302,975 | €202,803 | -€100,172 | -33.1% |
| Amounts payable within one year | 42/48 | €3,833,528 | €3,827,850 | -€5,678 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €269,121 | €232,994 | -€36,126 | -13.4% |
| Trade debts | 44 | €2,669,213 | €2,743,386 | +€74,173 | +2.8% |
| Suppliers | 440/4 | €2,669,213 | €2,743,386 | +€74,173 | +2.8% |
| Taxes, remuneration and social security | 45 | €115,395 | €108,669 | -€6,725 | -5.8% |
| Taxes | 450/3 | €1,194 | €2,081 | +€888 | +74.4% |
| Remuneration and social security | 454/9 | €114,201 | €106,588 | -€7,613 | -6.7% |
| Other amounts payable | 47/48 | €779,800 | €742,800 | -€37,000 | -4.7% |
| Operating income | 70/76A | €14,773,132 | €12,837,099 | -€1.9m | -13.1% |
| Turnover | 70 | €12,740,713 | €13,289,500 | +€548,788 | +4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,845,500 | -€845,500 | -€2.7m | |
| Other operating income | 74 | €169,924 | €332,196 | +€162,272 | +95.5% |
| Non-recurring operating income | 76A | €16,996 | €60,902 | +€43,907 | +258.3% |
| Operating charges | 60/66A | €13,030,574 | €11,618,168 | -€1.4m | -10.8% |
| Goods for resale, raw materials and consumables | 60 | €5,179,940 | €4,212,294 | -€967,646 | -18.7% |
| Purchases | 600/8 | €5,179,940 | €4,212,294 | -€967,646 | -18.7% |
| Services and other goods | 61 | €4,196,798 | €3,933,617 | -€263,181 | -6.3% |
| Remuneration, social security and pensions | 62 | €3,289,083 | €3,246,549 | -€42,534 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,575 | €205,443 | +€2,867 | +1.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €133,077 | €0 | -€133,077 | -100.0% |
| Other operating charges | 640/8 | €29,100 | €20,265 | -€8,835 | -30.4% |
| Operating profit (loss) | 9901 | €1,742,558 | €1,218,931 | -€523,628 | -30.0% |
| Financial income | 75/76B | €60,536 | €28,438 | -€32,098 | -53.0% |
| Recurring financial income | 75 | €60,536 | €28,438 | -€32,098 | -53.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €26,778 | €10,864 | -€15,914 | -59.4% |
| Other financial income | 752/9 | €33,758 | €17,574 | -€16,184 | -47.9% |
| Financial charges | 65/66B | €37,664 | €30,064 | -€7,600 | -20.2% |
| Recurring financial charges | 65 | €37,664 | €30,064 | -€7,600 | -20.2% |
| Debt charges | 650 | €31,830 | €27,540 | -€4,289 | -13.5% |
| Other financial charges | 652/9 | €5,835 | €2,524 | -€3,311 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €1,765,430 | €1,217,305 | -€548,125 | -31.0% |
| Income taxes | 67/77 | €498,541 | €334,779 | -€163,762 | -32.8% |
| Taxes | 670/3 | €498,541 | €334,779 | -€163,762 | -32.8% |
| Profit (loss) for the period | 9904 | €1,266,889 | €882,526 | -€384,363 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,266,889 | €882,526 | -€384,363 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.