CONEO: what changed
CONEO
Largest movements
- Cash -€31,462
down €31,462 (-41.9%), from €75,133 to €43,672
mainly Other debts (-€18,386) and Receivables within one year (-€15,089)
- Tangible fixed assets -€21,869
down €21,869 (-91.6%), from €23,877 to €2,008
of which Furniture and vehicles: -€22,670
- Receivables within one year +€15,089
up €15,089 (+61.8%), from €24,434 to €39,523
of which Other amounts receivable: +€15,089
- Deferred charges and accrued income +€14,698
up €14,698, from €0 to €14,698
- Reserves +€21,257
up €21,257 (+43.2%), from €49,172 to €70,429
- Other debts -€18,386
down €18,386 (-68.4%), from €26,886 to €8,500
- Debts after one year -€12,010
down €12,010 (-100%), from €12,010 to €0
- Current portion of long-term debt -€11,886
down €11,886 (-100%), from €11,886 to €0
- Tax, wage and social debts -€5,652
down €5,652 (-36.9%), from €15,307 to €9,655
of which Taxes: -€5,652
- Taxes +€8,145
up €8,145 (+585%), from €1,391 to €9,536
- Depreciation -€4,593
down €4,593 (-34.1%), from €13,482 to €8,889
- Gross operating margin +€4,234
up €4,234 (+8.3%), from €51,272 to €55,506
- Financial charges +€3,059
up €3,059 (+578%), from €529 to €3,588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,545 | €100,001 | -€23,543 | -19.1% |
| Fixed assets | 21/28 | €23,977 | €2,108 | -€21,869 | -91.2% |
| Tangible fixed assets | 22/27 | €23,877 | €2,008 | -€21,869 | -91.6% |
| Plant, machinery and equipment | 23 | - | €801 | +€801 | |
| Furniture and vehicles | 24 | €23,877 | €1,207 | -€22,670 | -94.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €99,568 | €97,893 | -€1,674 | -1.7% |
| Amounts receivable within one year | 40/41 | €24,434 | €39,523 | +€15,089 | +61.8% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €12,334 | €27,423 | +€15,089 | +122% |
| Cash at bank and in hand | 54/58 | €75,133 | €43,672 | -€31,462 | -41.9% |
| Deferred charges and accrued income | 490/1 | €0 | €14,698 | +€14,698 | |
| Total equity and liabilities | 10/49 | €123,545 | €100,001 | -€23,543 | -19.1% |
| Equity | 10/15 | €52,576 | €75,429 | +€22,853 | +43.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,172 | €70,429 | +€21,257 | +43.2% |
| Distributable reserves | 133 | €49,172 | €70,429 | +€21,257 | +43.2% |
| Profit (loss) carried forward | 14 | -€1,596 | €0 | +€1,596 | |
| Amounts payable | 17/49 | €70,968 | €24,572 | -€46,396 | -65.4% |
| Amounts payable after more than one year | 17 | €12,010 | €0 | -€12,010 | -100% |
| Financial debts | 170/4 | €12,010 | €0 | -€12,010 | -100% |
| Amounts payable within one year | 42/48 | €58,959 | €24,572 | -€34,387 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €11,886 | €0 | -€11,886 | -100% |
| Trade debts | 44 | €4,880 | €6,417 | +€1,537 | +31.5% |
| Suppliers | 440/4 | €4,880 | €6,417 | +€1,537 | +31.5% |
| Taxes, remuneration and social security | 45 | €15,307 | €9,655 | -€5,652 | -36.9% |
| Taxes | 450/3 | €12,657 | €7,005 | -€5,652 | -44.7% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €26,886 | €8,500 | -€18,386 | -68.4% |
| Non-recurring operating income | 76A | - | €8,925 | +€8,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,482 | €8,889 | -€4,593 | -34.1% |
| Other operating charges | 640/8 | €490 | €639 | +€149 | +30.5% |
| Gross operating margin | 9900 | €51,272 | €55,506 | +€4,234 | +8.3% |
| Operating profit (loss) | 9901 | €37,300 | €45,977 | +€8,677 | +23.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €529 | €3,588 | +€3,059 | +578% |
| Recurring financial charges | 65 | €529 | €3,588 | +€3,059 | +578% |
| Profit (loss) for the period before taxes | 9903 | €36,771 | €42,389 | +€5,618 | +15.3% |
| Income taxes | 67/77 | €1,391 | €9,536 | +€8,145 | +585% |
| Profit (loss) for the period | 9904 | €35,380 | €32,853 | -€2,527 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,380 | €32,853 | -€2,527 | -7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.