CONBUCO: 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.
CONBUCO
Largest movements
- Tangible fixed assets -€61,838
down €61,838 (-9.2%), from €674,528 to €612,690
of which Land and buildings: -€61,038
- Cash +€31,442
up €31,442 (+33.2%), from €94,610 to €126,052
mainly Depreciation (+€61,838) and Net result for the year (+€14,426)
- Debts after one year -€39,583
down €39,583 (-20.0%), from €197,604 to €158,021
- Reserves +€14,426
up €14,426 (+3.2%), from €447,041 to €461,467
of which Distributable reserves: +€23,167
- Gross operating margin -€21,141
down €21,141 (-17.7%), from €119,249 to €98,108
- Financial charges -€2,998
down €2,998 (-31.8%), from €9,429 to €6,431
- Taxes -€2,903
down €2,903 (-18.5%), from €15,721 to €12,818
- Other operating charges +€2,118
up €2,118 (+55.3%), from €3,832 to €5,950
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 | €795,938 | €761,656 | -€34,282 | -4.3% |
| Fixed assets | 21/28 | €674,528 | €612,690 | -€61,838 | -9.2% |
| Tangible fixed assets | 22/27 | €674,528 | €612,690 | -€61,838 | -9.2% |
| Land and buildings | 22 | €671,388 | €610,350 | -€61,038 | -9.1% |
| Furniture and vehicles | 24 | €3,140 | €2,340 | -€800 | -25.5% |
| Current assets | 29/58 | €121,410 | €148,966 | +€27,556 | +22.7% |
| Amounts receivable within one year | 40/41 | €24,054 | €19,786 | -€4,268 | -17.7% |
| Trade receivables | 40 | €24,054 | €17,972 | -€6,082 | -25.3% |
| Other amounts receivable | 41 | - | €1,814 | +€1,814 | |
| Cash at bank and in hand | 54/58 | €94,610 | €126,052 | +€31,442 | +33.2% |
| Deferred charges and accrued income | 490/1 | €2,746 | €3,128 | +€382 | +13.9% |
| Total equity and liabilities | 10/49 | €795,938 | €761,656 | -€34,282 | -4.3% |
| Equity | 10/15 | €503,326 | €517,752 | +€14,426 | +2.9% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Revaluation surpluses | 12 | €19,285 | €19,285 | = | 0.0% |
| Reserves | 13 | €447,041 | €461,467 | +€14,426 | +3.2% |
| Tax-exempt reserves | 132 | €113,135 | €104,394 | -€8,741 | -7.7% |
| Distributable reserves | 133 | €333,906 | €357,073 | +€23,167 | +6.9% |
| Provisions and deferred taxes | 16 | €36,712 | €33,798 | -€2,914 | -7.9% |
| Deferred taxes | 168 | €36,712 | €33,798 | -€2,914 | -7.9% |
| Amounts payable | 17/49 | €255,900 | €210,106 | -€45,794 | -17.9% |
| Amounts payable after more than one year | 17 | €197,604 | €158,021 | -€39,583 | -20.0% |
| Financial debts | 170/4 | €197,604 | €158,021 | -€39,583 | -20.0% |
| Amounts payable within one year | 42/48 | €52,985 | €47,470 | -€5,515 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €39,584 | €39,583 | -€1 | 0.0% |
| Trade debts | 44 | €1,833 | €3,139 | +€1,306 | +71.2% |
| Suppliers | 440/4 | €1,833 | €3,139 | +€1,306 | +71.2% |
| Taxes, remuneration and social security | 45 | €5,854 | €1,819 | -€4,035 | -68.9% |
| Taxes | 450/3 | €5,854 | €1,819 | -€4,035 | -68.9% |
| Other amounts payable | 47/48 | €5,714 | €2,929 | -€2,785 | -48.7% |
| Accrued charges and deferred income | 492/3 | €5,311 | €4,615 | -€696 | -13.1% |
| Non-recurring operating income | 76A | €4,200 | - | -€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,958 | €61,838 | -€120 | -0.2% |
| Other operating charges | 640/8 | €3,832 | €5,950 | +€2,118 | +55.3% |
| Gross operating margin | 9900 | €119,249 | €98,108 | -€21,141 | -17.7% |
| Operating profit (loss) | 9901 | €53,459 | €30,320 | -€23,139 | -43.3% |
| Financial income | 75/76B | €774 | €441 | -€333 | -43.0% |
| Recurring financial income | 75 | €774 | €441 | -€333 | -43.0% |
| Financial charges | 65/66B | €9,429 | €6,431 | -€2,998 | -31.8% |
| Recurring financial charges | 65 | €9,429 | €6,431 | -€2,998 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €44,804 | €24,330 | -€20,474 | -45.7% |
| Transfer from deferred taxes | 780 | €2,914 | €2,914 | = | 0.0% |
| Income taxes | 67/77 | €15,721 | €12,818 | -€2,903 | -18.5% |
| Profit (loss) for the period | 9904 | €31,997 | €14,426 | -€17,571 | -54.9% |
| Transfer from tax-exempt reserves | 789 | €8,741 | €8,741 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,738 | €23,167 | -€17,571 | -43.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.