Conasa: 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.
Conasa
Largest movements
- Tangible fixed assets -€16,121
down €16,121 (-27.7%), from €58,237 to €42,116
of which Furniture and vehicles: -€14,797
- Deferred charges and accrued income -€15,000
no longer reported in 2025 (was €15,000)
- Cash -€13,865
down €13,865 (-18.0%), from €77,027 to €63,161
mainly Contributions, distributions and other (-€50,859) and Debts after one year (-€9,980)
- Receivables within one year -€5,843
down €5,843 (-26.8%), from €21,817 to €15,974
of which Other amounts receivable: -€5,059
- Reserves -€35,104
down €35,104 (-33.1%), from €105,951 to €70,847
- Debts after one year -€9,980
down €9,980 (-31.9%), from €31,319 to €21,338
- Tax, wage and social debts -€4,870
down €4,870 (-36.1%), from €13,508 to €8,638
- Accrued charges and deferred income -€4,116
no longer reported in 2025 (was €4,116)
- Gross operating margin -€19,073
down €19,073 (-30.2%), from €63,221 to €44,147
- Taxes -€4,393
down €4,393 (-43.2%), from €10,164 to €5,771
- Financial charges +€1,987
up €1,987 (+75.1%), from €2,647 to €4,634
- Financial income -€1,284
no longer reported in 2025 (was €1,284)
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 | €172,080 | €121,251 | -€50,829 | -29.5% |
| Fixed assets | 21/28 | €58,237 | €42,116 | -€16,121 | -27.7% |
| Tangible fixed assets | 22/27 | €58,237 | €42,116 | -€16,121 | -27.7% |
| Plant, machinery and equipment | 23 | €1,886 | €562 | -€1,324 | -70.2% |
| Furniture and vehicles | 24 | €56,350 | €41,554 | -€14,797 | -26.3% |
| Current assets | 29/58 | €113,843 | €79,135 | -€34,708 | -30.5% |
| Amounts receivable within one year | 40/41 | €21,817 | €15,974 | -€5,843 | -26.8% |
| Trade receivables | 40 | €16,758 | €15,974 | -€784 | -4.7% |
| Other amounts receivable | 41 | €5,059 | - | -€5,059 | |
| Cash at bank and in hand | 54/58 | €77,027 | €63,161 | -€13,865 | -18.0% |
| Deferred charges and accrued income | 490/1 | €15,000 | - | -€15,000 | |
| Total equity and liabilities | 10/49 | €172,080 | €121,251 | -€50,829 | -29.5% |
| Equity | 10/15 | €112,951 | €77,847 | -€35,104 | -31.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €105,951 | €70,847 | -€35,104 | -33.1% |
| Distributable reserves | 133 | €105,951 | €70,847 | -€35,104 | -33.1% |
| Amounts payable | 17/49 | €59,129 | €43,405 | -€15,725 | -26.6% |
| Amounts payable after more than one year | 17 | €31,319 | €21,338 | -€9,980 | -31.9% |
| Financial debts | 170/4 | €31,319 | €21,338 | -€9,980 | -31.9% |
| Amounts payable within one year | 42/48 | €23,694 | €22,066 | -€1,628 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €9,548 | €9,980 | +€433 | +4.5% |
| Trade debts | 44 | €639 | €2,338 | +€1,699 | +266% |
| Suppliers | 440/4 | €639 | €2,338 | +€1,699 | +266% |
| Taxes, remuneration and social security | 45 | €13,508 | €8,638 | -€4,870 | -36.1% |
| Taxes | 450/3 | €13,508 | €8,638 | -€4,870 | -36.1% |
| Other amounts payable | 47/48 | - | €1,110 | +€1,110 | |
| Accrued charges and deferred income | 492/3 | €4,116 | - | -€4,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,482 | €16,121 | -€361 | -2.2% |
| Other operating charges | 640/8 | €1,590 | €1,867 | +€277 | +17.4% |
| Gross operating margin | 9900 | €63,221 | €44,147 | -€19,073 | -30.2% |
| Operating profit (loss) | 9901 | €45,149 | €26,160 | -€18,989 | -42.1% |
| Financial income | 75/76B | €1,284 | - | -€1,284 | |
| Recurring financial income | 75 | €1,284 | - | -€1,284 | |
| Financial charges | 65/66B | €2,647 | €4,634 | +€1,987 | +75.1% |
| Recurring financial charges | 65 | €2,647 | €4,634 | +€1,987 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €43,787 | €21,526 | -€22,261 | -50.8% |
| Income taxes | 67/77 | €10,164 | €5,771 | -€4,393 | -43.2% |
| Profit (loss) for the period | 9904 | €33,622 | €15,755 | -€17,868 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,622 | €15,755 | -€17,868 | -53.1% |
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 14 October 2026 via checked.be.