CONDUNET CONNECTIONS: 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.
CONDUNET CONNECTIONS
Largest movements
- Receivables within one year +€42,850
up €42,850 (+36.0%), from €119,038 to €161,888
of which Other amounts receivable: +€43,522
- Cash -€18,734
down €18,734 (-58.8%), from €31,836 to €13,101
mainly Receivables within one year (-€42,850) and Tax, wage and social debts (-€6,154)
- Current investments -€2,000
down €2,000 (-8.0%), from €25,000 to €23,000
- Reserves +€28,651
up €28,651 (+20.2%), from €142,033 to €170,683
- Tax, wage and social debts -€6,154
down €6,154 (-19.1%), from €32,176 to €26,022
- Gross operating margin -€18,868
down €18,868 (-34.3%), from €55,078 to €36,210
- Depreciation -€3,703
down €3,703 (-81.4%), from €4,547 to €844
- Taxes -€1,510
down €1,510 (-10.9%), from €13,804 to €12,294
- Financial income +€1,245
up €1,245 (+19.6%), from €6,336 to €7,581
- Financial charges +€638
up €638 (+160%), from €398 to €1,037
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 | €177,434 | €198,706 | +€21,271 | +12.0% |
| Fixed assets | 21/28 | €1,561 | €717 | -€844 | -54.1% |
| Tangible fixed assets | 22/27 | €1,561 | €717 | -€844 | -54.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,561 | €717 | -€844 | -54.1% |
| Current assets | 29/58 | €175,874 | €197,989 | +€22,115 | +12.6% |
| Amounts receivable within one year | 40/41 | €119,038 | €161,888 | +€42,850 | +36.0% |
| Trade receivables | 40 | €673 | - | -€673 | |
| Other amounts receivable | 41 | €118,365 | €161,888 | +€43,522 | +36.8% |
| Current investments | 50/53 | €25,000 | €23,000 | -€2,000 | -8.0% |
| Cash at bank and in hand | 54/58 | €31,836 | €13,101 | -€18,734 | -58.8% |
| Total equity and liabilities | 10/49 | €177,434 | €198,706 | +€21,271 | +12.0% |
| Equity | 10/15 | €144,033 | €172,683 | +€28,651 | +19.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €142,033 | €170,683 | +€28,651 | +20.2% |
| Distributable reserves | 133 | €142,033 | €170,683 | +€28,651 | +20.2% |
| Amounts payable | 17/49 | €33,402 | €26,022 | -€7,380 | -22.1% |
| Amounts payable within one year | 42/48 | €33,402 | €26,022 | -€7,380 | -22.1% |
| Trade debts | 44 | €1,226 | - | -€1,226 | |
| Suppliers | 440/4 | €1,226 | - | -€1,226 | |
| Taxes, remuneration and social security | 45 | €32,176 | €26,022 | -€6,154 | -19.1% |
| Taxes | 450/3 | €32,176 | €26,022 | -€6,154 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,547 | €844 | -€3,703 | -81.4% |
| Other operating charges | 640/8 | €568 | €966 | +€398 | +70.1% |
| Gross operating margin | 9900 | €55,078 | €36,210 | -€18,868 | -34.3% |
| Operating profit (loss) | 9901 | €49,963 | €34,400 | -€15,563 | -31.1% |
| Financial income | 75/76B | €6,336 | €7,581 | +€1,245 | +19.6% |
| Recurring financial income | 75 | €6,336 | €7,581 | +€1,245 | +19.6% |
| Financial charges | 65/66B | €398 | €1,037 | +€638 | +160% |
| Recurring financial charges | 65 | €398 | €1,037 | +€638 | +160% |
| Profit (loss) for the period before taxes | 9903 | €55,901 | €40,945 | -€14,957 | -26.8% |
| Income taxes | 67/77 | €13,804 | €12,294 | -€1,510 | -10.9% |
| Profit (loss) for the period | 9904 | €42,098 | €28,651 | -€13,447 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,098 | €28,651 | -€13,447 | -31.9% |
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 25 October 2026 via checked.be.