CONFEBEL: 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.
CONFEBEL
Largest movements
- Receivables after one year -€400,000
down €400,000 (-100%), from €400,000 to €0
- Stocks and contracts -€242,020
down €242,020 (-100%), from €242,020 to €0
- Tangible fixed assets -€33,453
down €33,453 (-3.1%), from €1.1m to €1.0m
of which Land and buildings: -€25,899
- Receivables within one year -€31,179
down €31,179 (-13.6%), from €229,427 to €198,248
of which Trade receivables: -€171,306
- Trade debts -€481,371
down €481,371 (-99.7%), from €483,018 to €1,648
of which Suppliers: -€464,123
- Other debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Debts after one year -€111,017
down €111,017 (-21.1%), from €526,679 to €415,662
- Advances received +€30,000
new in 2025: €30,000
- Reserves +€25,188
up €25,188 (+6.6%), from €381,801 to €406,989
- Gross operating margin +€41,546
up €41,546 (+41.4%), from €100,320 to €141,866
- Staff costs +€31,696
up €31,696 (+1,386%), from €2,286 to €33,982
- Depreciation +€29,938
up €29,938 (+73.9%), from €40,519 to €70,457
- Financial income +€13,878
up €13,878 (+118%), from €11,807 to €25,685
- Financial charges +€13,136
up €13,136 (+177%), from €7,425 to €20,561
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 | €2,108,884 | €1,401,460 | -€707,423 | -33.5% |
| Fixed assets | 21/28 | €1,088,079 | €1,050,888 | -€37,191 | -3.4% |
| Intangible fixed assets | 21 | €9,494 | €5,756 | -€3,738 | -39.4% |
| Tangible fixed assets | 22/27 | €1,078,585 | €1,045,132 | -€33,453 | -3.1% |
| Land and buildings | 22 | €934,424 | €908,524 | -€25,899 | -2.8% |
| Plant, machinery and equipment | 23 | €10,761 | €32,775 | +€22,014 | +205% |
| Furniture and vehicles | 24 | €110,102 | €84,302 | -€25,800 | -23.4% |
| Other tangible fixed assets | 26 | €23,298 | €19,530 | -€3,768 | -16.2% |
| Current assets | 29/58 | €1,020,805 | €350,572 | -€670,232 | -65.7% |
| Amounts receivable after more than one year | 29 | €400,000 | €0 | -€400,000 | -100% |
| Other amounts receivable | 291 | €400,000 | €0 | -€400,000 | -100% |
| Stocks and contracts in progress | 3 | €242,020 | €0 | -€242,020 | -100% |
| Stocks | 30/36 | €242,020 | €0 | -€242,020 | -100% |
| Amounts receivable within one year | 40/41 | €229,427 | €198,248 | -€31,179 | -13.6% |
| Trade receivables | 40 | €173,858 | €2,552 | -€171,306 | -98.5% |
| Other amounts receivable | 41 | €55,569 | €195,696 | +€140,127 | +252% |
| Cash at bank and in hand | 54/58 | €137,550 | €148,590 | +€11,040 | +8.0% |
| Deferred charges and accrued income | 490/1 | €11,807 | €3,734 | -€8,073 | -68.4% |
| Total equity and liabilities | 10/49 | €2,108,884 | €1,401,460 | -€707,423 | -33.5% |
| Equity | 10/15 | €876,538 | €901,726 | +€25,188 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €381,801 | €406,989 | +€25,188 | +6.6% |
| Distributable reserves | 133 | €381,801 | €406,989 | +€25,188 | +6.6% |
| Profit (loss) carried forward | 14 | €476,137 | €476,137 | = | 0.0% |
| Amounts payable | 17/49 | €1,232,346 | €499,734 | -€732,612 | -59.4% |
| Amounts payable after more than one year | 17 | €526,679 | €415,662 | -€111,017 | -21.1% |
| Financial debts | 170/4 | €526,679 | €415,662 | -€111,017 | -21.1% |
| Amounts payable within one year | 42/48 | €705,667 | €84,072 | -€621,595 | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €68,479 | €44,621 | -€23,858 | -34.8% |
| Trade debts | 44 | €483,018 | €1,648 | -€481,371 | -99.7% |
| Suppliers | 440/4 | €465,770 | €1,648 | -€464,123 | -99.6% |
| Bills of exchange payable | 441 | €17,248 | - | -€17,248 | |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €4,169 | €7,803 | +€3,634 | +87.2% |
| Taxes | 450/3 | €3,807 | €2,982 | -€825 | -21.7% |
| Remuneration and social security | 454/9 | €362 | €4,821 | +€4,459 | +1,231% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,286 | €33,982 | +€31,696 | +1,386% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,519 | €70,457 | +€29,938 | +73.9% |
| Other operating charges | 640/8 | €5,117 | €7,294 | +€2,177 | +42.6% |
| Gross operating margin | 9900 | €100,320 | €141,866 | +€41,546 | +41.4% |
| Operating profit (loss) | 9901 | €52,398 | €30,132 | -€22,266 | -42.5% |
| Financial income | 75/76B | €11,807 | €25,685 | +€13,878 | +118% |
| Recurring financial income | 75 | €11,807 | €25,685 | +€13,878 | +118% |
| Financial charges | 65/66B | €7,425 | €20,561 | +€13,136 | +177% |
| Recurring financial charges | 65 | €7,425 | €20,561 | +€13,136 | +177% |
| Profit (loss) for the period before taxes | 9903 | €56,780 | €35,257 | -€21,524 | -37.9% |
| Income taxes | 67/77 | €17,386 | €10,069 | -€7,318 | -42.1% |
| Profit (loss) for the period | 9904 | €39,394 | €25,188 | -€14,206 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,394 | €25,188 | -€14,206 | -36.1% |
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 19 October 2026 via checked.be.