CONEXIM: 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.
CONEXIM
Largest movements
- Cash +€26,400
up €26,400 (+55.4%), from €47,648 to €74,048
mainly Receivables within one year (+€14,740) and Net result for the year (+€10,852)
- Receivables within one year -€14,740
down €14,740 (-79.5%), from €18,541 to €3,802
of which Trade receivables: -€9,247
- Tangible fixed assets -€3,438
down €3,438 (-44.9%), from €7,652 to €4,214
- Reserves +€10,600
up €10,600 (+48.5%), from €21,860 to €32,460
- Trade debts -€5,992
down €5,992 (-66.6%), from €8,998 to €3,006
- Tax, wage and social debts +€1,814
up €1,814 (+58.5%), from €3,099 to €4,913
- Advances received +€1,000
new in 2025: €1,000
- Gross operating margin +€14,696
up €14,696 (+199.4%), from €7,370 to €22,066
- Taxes +€4,316
up €4,316 (+202.6%), from €2,130 to €6,446
- Other operating charges +€830
up €830 (+62.9%), from €1,320 to €2,150
- Depreciation -€827
down €827 (-19.4%), from €4,264 to €3,438
- Financial charges +€541
up €541 (+394.5%), from €137 to €678
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 | €74,125 | €82,333 | +€8,208 | +11.1% |
| Fixed assets | 21/28 | €7,652 | €4,214 | -€3,438 | -44.9% |
| Tangible fixed assets | 22/27 | €7,652 | €4,214 | -€3,438 | -44.9% |
| Furniture and vehicles | 24 | €7,652 | €4,214 | -€3,438 | -44.9% |
| Current assets | 29/58 | €66,473 | €78,118 | +€11,646 | +17.5% |
| Amounts receivable within one year | 40/41 | €18,541 | €3,802 | -€14,740 | -79.5% |
| Trade receivables | 40 | €13,049 | €3,802 | -€9,247 | -70.9% |
| Other amounts receivable | 41 | €5,493 | - | -€5,493 | |
| Cash at bank and in hand | 54/58 | €47,648 | €74,048 | +€26,400 | +55.4% |
| Deferred charges and accrued income | 490/1 | €283 | €268 | -€15 | -5.3% |
| Total equity and liabilities | 10/49 | €74,125 | €82,333 | +€8,208 | +11.1% |
| Equity | 10/15 | €60,930 | €71,782 | +€10,852 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €32,460 | +€10,600 | +48.5% |
| Non-distributable reserves | 130/1 | €21,860 | €32,460 | +€10,600 | +48.5% |
| Reserves not available under the articles | 1311 | €21,860 | €32,460 | +€10,600 | +48.5% |
| Profit (loss) carried forward | 14 | €20,470 | €20,722 | +€252 | +1.2% |
| Amounts payable | 17/49 | €13,194 | €10,551 | -€2,644 | -20.0% |
| Amounts payable within one year | 42/48 | €12,097 | €9,453 | -€2,644 | -21.9% |
| Trade debts | 44 | €8,998 | €3,006 | -€5,992 | -66.6% |
| Suppliers | 440/4 | €8,998 | €3,006 | -€5,992 | -66.6% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €3,099 | €4,913 | +€1,814 | +58.5% |
| Taxes | 450/3 | €3,099 | €4,913 | +€1,814 | +58.5% |
| Other amounts payable | 47/48 | - | €534 | +€534 | |
| Accrued charges and deferred income | 492/3 | €1,098 | €1,098 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,264 | €3,438 | -€827 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€701 | -€757 | -€56 | -8.0% |
| Other operating charges | 640/8 | €1,320 | €2,150 | +€830 | +62.9% |
| Gross operating margin | 9900 | €7,370 | €22,066 | +€14,696 | +199.4% |
| Operating profit (loss) | 9901 | €2,487 | €17,235 | +€14,748 | +593.0% |
| Financial income | 75/76B | €901 | €741 | -€160 | -17.7% |
| Recurring financial income | 75 | €901 | €741 | -€160 | -17.7% |
| Financial charges | 65/66B | €137 | €678 | +€541 | +394.5% |
| Recurring financial charges | 65 | €137 | €678 | +€541 | +394.5% |
| Profit (loss) for the period before taxes | 9903 | €3,251 | €17,298 | +€14,048 | +432.2% |
| Income taxes | 67/77 | €2,130 | €6,446 | +€4,316 | +202.6% |
| Profit (loss) for the period | 9904 | €1,120 | €10,852 | +€9,732 | +868.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,120 | €10,852 | +€9,732 | +868.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.