CONEX: 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.
CONEX
Largest movements
- Cash -€226,496
down €226,496 (-33.5%), from €675,407 to €448,910
mainly Contributions, distributions and other (-€350,000) and Other debts (-€147,894)
- Receivables within one year -€10,155
down €10,155 (-4.3%), from €234,011 to €223,857
of which Trade receivables: -€8,298
- Profit (loss) carried forward -€166,668
down €166,668 (-46.5%), from €358,717 to €192,049
- Other debts -€147,894
down €147,894 (-93.7%), from €157,915 to €10,021
- Tax, wage and social debts +€68,374
up €68,374 (+509%), from €13,434 to €81,809
- Trade debts +€14,052
up €14,052 (+7.8%), from €179,965 to €194,017
- Gross operating margin +€54,290
up €54,290 (+21.6%), from €250,984 to €305,275
- Taxes +€6,178
up €6,178 (+12.2%), from €50,687 to €56,865
- Staff costs +€4,473
up €4,473 (+8.2%), from €54,755 to €59,228
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 | €911,218 | €674,089 | -€237,129 | -26.0% |
| Fixed assets | 21/28 | €55 | €55 | +€0 | 0.0% |
| Financial fixed assets | 28 | €55 | €55 | +€0 | 0.0% |
| Current assets | 29/58 | €911,163 | €674,034 | -€237,129 | -26.0% |
| Amounts receivable within one year | 40/41 | €234,011 | €223,857 | -€10,155 | -4.3% |
| Trade receivables | 40 | €231,970 | €223,672 | -€8,298 | -3.6% |
| Other amounts receivable | 41 | €2,041 | €185 | -€1,856 | -90.9% |
| Cash at bank and in hand | 54/58 | €675,407 | €448,910 | -€226,496 | -33.5% |
| Deferred charges and accrued income | 490/1 | €1,745 | €1,267 | -€478 | -27.4% |
| Total equity and liabilities | 10/49 | €911,218 | €674,089 | -€237,129 | -26.0% |
| Equity | 10/15 | €378,717 | €212,049 | -€166,668 | -44.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,717 | €192,049 | -€166,668 | -46.5% |
| Amounts payable | 17/49 | €532,501 | €462,040 | -€70,461 | -13.2% |
| Amounts payable within one year | 42/48 | €351,315 | €285,847 | -€65,468 | -18.6% |
| Trade debts | 44 | €179,965 | €194,017 | +€14,052 | +7.8% |
| Suppliers | 440/4 | €179,965 | €194,017 | +€14,052 | +7.8% |
| Taxes, remuneration and social security | 45 | €13,434 | €81,809 | +€68,374 | +509% |
| Taxes | 450/3 | €13,434 | €81,809 | +€68,374 | +509% |
| Other amounts payable | 47/48 | €157,915 | €10,021 | -€147,894 | -93.7% |
| Accrued charges and deferred income | 492/3 | €181,186 | €176,193 | -€4,993 | -2.8% |
| Remuneration, social security and pensions | 62 | €54,755 | €59,228 | +€4,473 | +8.2% |
| Other operating charges | 640/8 | €1,418 | €850 | -€568 | -40.1% |
| Non-recurring operating charges | 66A | €1,236 | - | -€1,236 | |
| Gross operating margin | 9900 | €250,984 | €305,275 | +€54,290 | +21.6% |
| Operating profit (loss) | 9901 | €193,576 | €245,197 | +€51,621 | +26.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,647 | €5,000 | +€1,352 | +37.1% |
| Recurring financial charges | 65 | €3,647 | €5,000 | +€1,352 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €189,929 | €240,197 | +€50,268 | +26.5% |
| Income taxes | 67/77 | €50,687 | €56,865 | +€6,178 | +12.2% |
| Profit (loss) for the period | 9904 | €139,242 | €183,332 | +€44,090 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €139,242 | €183,332 | +€44,090 | +31.7% |
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 16 October 2026 via checked.be.