CONEXIA: 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.
CONEXIA
Largest movements
- Receivables within one year +€113,427
up €113,427 (+28.0%), from €405,339 to €518,767
of which Other amounts receivable: +€130,851
- Cash -€27,577
down €27,577 (-98.1%), from €28,098 to €521
mainly Receivables within one year (-€113,427) and Tax, wage and social debts (-€66,741)
- Current portion of long-term debt +€75,139
up €75,139 (+3,074%), from €2,444 to €77,583
- Tax, wage and social debts -€66,741
down €66,741 (-89.5%), from €74,567 to €7,826
of which Taxes: -€53,303
- Trade debts +€47,000
up €47,000 (+239%), from €19,664 to €66,664
- Profit (loss) carried forward +€19,776
up €19,776 (+6.0%), from €329,225 to €349,001
- Short-term financial debts +€10,005
new in 2023: €10,005
- Gross operating margin -€149,468
down €149,468 (-83.2%), from €179,731 to €30,263
- Taxes -€40,467
down €40,467 (-85.0%), from €47,624 to €7,156
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,156 | €525,334 | +€85,178 | +19.4% |
| Fixed assets | 21/28 | €6,631 | €5,951 | -€680 | -10.3% |
| Tangible fixed assets | 22/27 | €6,545 | €5,865 | -€680 | -10.4% |
| Plant, machinery and equipment | 23 | €267 | €267 | = | 0.0% |
| Furniture and vehicles | 24 | €6,278 | €5,598 | -€680 | -10.8% |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €433,525 | €519,383 | +€85,859 | +19.8% |
| Amounts receivable within one year | 40/41 | €405,339 | €518,767 | +€113,427 | +28.0% |
| Trade receivables | 40 | €25,574 | €8,150 | -€17,424 | -68.1% |
| Other amounts receivable | 41 | €379,765 | €510,617 | +€130,851 | +34.5% |
| Cash at bank and in hand | 54/58 | €28,098 | €521 | -€27,577 | -98.1% |
| Deferred charges and accrued income | 490/1 | €87 | €95 | +€8 | +9.4% |
| Total equity and liabilities | 10/49 | €440,156 | €525,334 | +€85,178 | +19.4% |
| Equity | 10/15 | €343,480 | €363,256 | +€19,776 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,225 | €349,001 | +€19,776 | +6.0% |
| Amounts payable | 17/49 | €96,675 | €162,078 | +€65,402 | +67.7% |
| Amounts payable within one year | 42/48 | €96,675 | €162,078 | +€65,402 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €2,444 | €77,583 | +€75,139 | +3,074% |
| Financial debts | 43 | - | €10,005 | +€10,005 | |
| Credit institutions | 430/8 | - | €10,005 | +€10,005 | |
| Trade debts | 44 | €19,664 | €66,664 | +€47,000 | +239% |
| Suppliers | 440/4 | €19,664 | €66,664 | +€47,000 | +239% |
| Taxes, remuneration and social security | 45 | €74,567 | €7,826 | -€66,741 | -89.5% |
| Taxes | 450/3 | €61,129 | €7,826 | -€53,303 | -87.2% |
| Remuneration and social security | 454/9 | €13,438 | - | -€13,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €680 | +€386 | +131% |
| Other operating charges | 640/8 | €678 | €598 | -€80 | -11.8% |
| Gross operating margin | 9900 | €179,731 | €30,263 | -€149,468 | -83.2% |
| Operating profit (loss) | 9901 | €178,758 | €28,985 | -€149,773 | -83.8% |
| Financial charges | 65/66B | €2,464 | €2,053 | -€412 | -16.7% |
| Recurring financial charges | 65 | €2,464 | €2,053 | -€412 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €176,294 | €26,932 | -€149,362 | -84.7% |
| Income taxes | 67/77 | €47,624 | €7,156 | -€40,467 | -85.0% |
| Profit (loss) for the period | 9904 | €128,670 | €19,776 | -€108,894 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,670 | €19,776 | -€108,894 | -84.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.