CONEXMA: 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.
CONEXMA
Largest movements
- Current investments +€67,465
up €67,465 (+94.2%), from €71,643 to €139,108
- Receivables within one year +€18,439
up €18,439 (+57.9%), from €31,842 to €50,281
of which Trade receivables: +€18,431
- Cash +€7,457
up €7,457 (+5.0%), from €148,559 to €156,016
mainly Other debts (+€100,000) and Net result for the year (+€94,864)
- Tangible fixed assets -€6,886
down €6,886 (-26.3%), from €26,167 to €19,281
of which Furniture and vehicles: -€4,788
- Deferred charges and accrued income -€4,127
down €4,127 (-43.1%), from €9,572 to €5,446
- Other debts +€100,000
up €100,000 (+76,109%), from €131 to €100,131
- Profit (loss) carried forward -€47,136
down €47,136 (-99.0%), from €47,592 to €456
- Reserves +€42,000
up €42,000 (+21.9%), from €191,860 to €233,860
- Tax, wage and social debts -€7,571
down €7,571 (-33.0%), from €22,947 to €15,376
- Trade debts -€4,218
down €4,218 (-71.2%), from €5,927 to €1,708
- Gross operating margin +€55,789
up €55,789 (+70.2%), from €79,526 to €135,315
- Taxes +€12,093
up €12,093 (+61.5%), from €19,653 to €31,746
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 | €287,783 | €370,132 | +€82,348 | +28.6% |
| Fixed assets | 21/28 | €26,167 | €19,281 | -€6,886 | -26.3% |
| Tangible fixed assets | 22/27 | €26,167 | €19,281 | -€6,886 | -26.3% |
| Plant, machinery and equipment | 23 | €4,097 | €3,140 | -€958 | -23.4% |
| Furniture and vehicles | 24 | €8,183 | €3,395 | -€4,788 | -58.5% |
| Other tangible fixed assets | 26 | €13,886 | €12,746 | -€1,141 | -8.2% |
| Current assets | 29/58 | €261,617 | €350,851 | +€89,234 | +34.1% |
| Amounts receivable within one year | 40/41 | €31,842 | €50,281 | +€18,439 | +57.9% |
| Trade receivables | 40 | €31,842 | €50,273 | +€18,431 | +57.9% |
| Other amounts receivable | 41 | €0 | €8 | +€8 | |
| Current investments | 50/53 | €71,643 | €139,108 | +€67,465 | +94.2% |
| Cash at bank and in hand | 54/58 | €148,559 | €156,016 | +€7,457 | +5.0% |
| Deferred charges and accrued income | 490/1 | €9,572 | €5,446 | -€4,127 | -43.1% |
| Total equity and liabilities | 10/49 | €287,783 | €370,132 | +€82,348 | +28.6% |
| Equity | 10/15 | €258,052 | €252,916 | -€5,136 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,860 | €233,860 | +€42,000 | +21.9% |
| Distributable reserves | 133 | €191,860 | €233,860 | +€42,000 | +21.9% |
| Profit (loss) carried forward | 14 | €47,592 | €456 | -€47,136 | -99.0% |
| Amounts payable | 17/49 | €29,731 | €117,216 | +€87,484 | +294% |
| Amounts payable within one year | 42/48 | €29,005 | €117,216 | +€88,211 | +304% |
| Trade debts | 44 | €5,927 | €1,708 | -€4,218 | -71.2% |
| Suppliers | 440/4 | €5,927 | €1,708 | -€4,218 | -71.2% |
| Taxes, remuneration and social security | 45 | €22,947 | €15,376 | -€7,571 | -33.0% |
| Taxes | 450/3 | €22,947 | €15,376 | -€7,571 | -33.0% |
| Other amounts payable | 47/48 | €131 | €100,131 | +€100,000 | +76,109% |
| Accrued charges and deferred income | 492/3 | €726 | €0 | -€726 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,206 | €8,665 | -€542 | -5.9% |
| Other operating charges | 640/8 | €1,153 | €1,133 | -€20 | -1.7% |
| Gross operating margin | 9900 | €79,526 | €135,315 | +€55,789 | +70.2% |
| Operating profit (loss) | 9901 | €69,166 | €125,517 | +€56,350 | +81.5% |
| Financial income | 75/76B | €2,965 | €2,790 | -€175 | -5.9% |
| Recurring financial income | 75 | €2,965 | €2,790 | -€175 | -5.9% |
| Financial charges | 65/66B | €1,884 | €1,697 | -€187 | -9.9% |
| Recurring financial charges | 65 | €1,884 | €1,697 | -€187 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €70,247 | €126,610 | +€56,363 | +80.2% |
| Income taxes | 67/77 | €19,653 | €31,746 | +€12,093 | +61.5% |
| Profit (loss) for the period | 9904 | €50,595 | €94,864 | +€44,269 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,595 | €94,864 | +€44,269 | +87.5% |
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 18 October 2026 via checked.be.