CONEXA: what changed
Two fiscal 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.
CONEXA
Largest movements
- Receivables within one year +€282,622
up €282,622 (+30.0%), from €941,827 to €1.2m
of which Trade receivables: +€353,025
- Cash +€91,034
up €91,034 (+9.8%), from €929,515 to €1.0m
mainly Net result for the year (+€477,574) and Trade debts (+€238,579)
- Tangible fixed assets +€87,306
up €87,306 (+163.6%), from €53,350 to €140,656
of which Other tangible fixed assets: +€87,313
- Reserves +€477,574
up €477,574 (+41.9%), from €1.1m to €1.6m
of which Distributable reserves: +€501,934
- Profit (loss) carried forward -€300,000
down €300,000 (-50.3%), from €596,276 to €296,276
- Trade debts +€238,579
up €238,579 (+52.3%), from €455,948 to €694,527
- Contributions -€225,000
down €225,000 (-92.4%), from €243,600 to €18,600
- Other debts +€188,031
up €188,031, from €0 to €188,031
- Gross operating margin -€424,697
down €424,697 (-36.7%), from €1.2m to €733,478
- Write-downs -€234,500
down €234,500 (-100.0%), from €234,500 to €0
- Taxes -€67,384
down €67,384 (-22.9%), from €294,157 to €226,773
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.
Cash bridge derived
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 | €2,497,860 | €2,948,111 | +€450,250 | +18.0% |
| Fixed assets | 21/28 | €53,350 | €140,656 | +€87,306 | +163.6% |
| Tangible fixed assets | 22/27 | €53,350 | €140,656 | +€87,306 | +163.6% |
| Plant, machinery and equipment | 23 | €400 | €183 | -€218 | -54.4% |
| Furniture and vehicles | 24 | €43,528 | €43,739 | +€211 | +0.5% |
| Other tangible fixed assets | 26 | €9,422 | €96,735 | +€87,313 | +926.7% |
| Current assets | 29/58 | €2,444,510 | €2,807,454 | +€362,944 | +14.8% |
| Stocks and contracts in progress | 3 | €48,168 | €37,456 | -€10,712 | -22.2% |
| Stocks | 30/36 | €48,168 | €37,456 | -€10,712 | -22.2% |
| Amounts receivable within one year | 40/41 | €941,827 | €1,224,449 | +€282,622 | +30.0% |
| Trade receivables | 40 | €843,158 | €1,196,183 | +€353,025 | +41.9% |
| Other amounts receivable | 41 | €98,670 | €28,266 | -€70,403 | -71.4% |
| Current investments | 50/53 | €525,000 | €525,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €929,515 | €1,020,549 | +€91,034 | +9.8% |
| Total equity and liabilities | 10/49 | €2,497,860 | €2,948,111 | +€450,250 | +18.0% |
| Equity | 10/15 | €1,979,489 | €1,932,063 | -€47,426 | -2.4% |
| Contributions | 10/11 | €243,600 | €18,600 | -€225,000 | -92.4% |
| Reserves | 13 | €1,139,613 | €1,617,188 | +€477,574 | +41.9% |
| Non-distributable reserves | 130/1 | €24,360 | €0 | -€24,360 | -100.0% |
| Reserves not available under the articles | 1311 | €24,360 | €0 | -€24,360 | -100.0% |
| Tax-exempt reserves | 132 | €15,253 | €15,253 | = | 0.0% |
| Distributable reserves | 133 | €1,100,000 | €1,601,934 | +€501,934 | +45.6% |
| Profit (loss) carried forward | 14 | €596,276 | €296,276 | -€300,000 | -50.3% |
| Amounts payable | 17/49 | €518,371 | €1,016,047 | +€497,676 | +96.0% |
| Amounts payable within one year | 42/48 | €518,371 | €1,016,047 | +€497,676 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €455,948 | €694,527 | +€238,579 | +52.3% |
| Suppliers | 440/4 | €455,948 | €694,527 | +€238,579 | +52.3% |
| Taxes, remuneration and social security | 45 | €62,423 | €133,490 | +€71,066 | +113.8% |
| Taxes | 450/3 | €62,423 | €133,490 | +€71,066 | +113.8% |
| Other amounts payable | 47/48 | €0 | €188,031 | +€188,031 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,046 | €17,867 | +€7,821 | +77.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €234,500 | €0 | -€234,500 | -100.0% |
| Other operating charges | 640/8 | €992 | €1,805 | +€813 | +82.0% |
| Gross operating margin | 9900 | €1,158,174 | €733,478 | -€424,697 | -36.7% |
| Operating profit (loss) | 9901 | €912,636 | €713,805 | -€198,831 | -21.8% |
| Financial income | 75/76B | €6,189 | €37 | -€6,152 | -99.4% |
| Recurring financial income | 75 | €6,189 | €37 | -€6,152 | -99.4% |
| Financial charges | 65/66B | €7,286 | €9,495 | +€2,209 | +30.3% |
| Recurring financial charges | 65 | €7,286 | €9,495 | +€2,209 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €911,539 | €704,347 | -€207,192 | -22.7% |
| Income taxes | 67/77 | €294,157 | €226,773 | -€67,384 | -22.9% |
| Profit (loss) for the period | 9904 | €617,382 | €477,574 | -€139,808 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €617,382 | €477,574 | -€139,808 | -22.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.