CONFEDEX: 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.
CONFEDEX
Largest movements
- Receivables within one year +€17,202
up €17,202 (+113%), from €15,278 to €32,480
of which Trade receivables: +€9,785
- Cash -€5,711
down €5,711 (-20.6%), from €27,773 to €22,062
mainly Receivables within one year (-€17,202)
- Trade debts +€8,938
up €8,938 (+29.9%), from €29,916 to €38,854
- Profit (loss) carried forward +€2,504
up €2,504 (+173%), from €1,447 to €3,951
- Depreciation -€3,945
no longer reported in 2023 (was €3,945)
- Gross operating margin -€1,832
down €1,832 (-38.6%), from €4,749 to €2,918
- Financial income -€734
no longer reported in 2023 (was €734)
- Other operating charges +€133
up €133 (+189%), from €70 to €203
- Financial charges +€103
up €103 (+95.9%), from €107 to €211
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 | €54,885 | €66,377 | +€11,492 | +20.9% |
| Fixed assets | 21/28 | €11,835 | €11,835 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,835 | €11,835 | = | 0.0% |
| Furniture and vehicles | 24 | €11,835 | €11,835 | = | 0.0% |
| Current assets | 29/58 | €43,051 | €54,543 | +€11,492 | +26.7% |
| Amounts receivable within one year | 40/41 | €15,278 | €32,480 | +€17,202 | +113% |
| Trade receivables | 40 | - | €9,785 | +€9,785 | |
| Other amounts receivable | 41 | €15,278 | €22,695 | +€7,417 | +48.6% |
| Cash at bank and in hand | 54/58 | €27,773 | €22,062 | -€5,711 | -20.6% |
| Total equity and liabilities | 10/49 | €54,885 | €66,377 | +€11,492 | +20.9% |
| Equity | 10/15 | €21,907 | €24,461 | +€2,554 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,650 | +€50 | +0.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,447 | €3,951 | +€2,504 | +173% |
| Amounts payable | 17/49 | €32,978 | €41,916 | +€8,938 | +27.1% |
| Amounts payable within one year | 42/48 | €32,978 | €41,916 | +€8,938 | +27.1% |
| Trade debts | 44 | €29,916 | €38,854 | +€8,938 | +29.9% |
| Suppliers | 440/4 | €29,916 | €38,854 | +€8,938 | +29.9% |
| Taxes, remuneration and social security | 45 | €3,062 | €3,062 | = | 0.0% |
| Taxes | 450/3 | €3,062 | €3,062 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,945 | - | -€3,945 | |
| Other operating charges | 640/8 | €70 | €203 | +€133 | +189% |
| Gross operating margin | 9900 | €4,749 | €2,918 | -€1,832 | -38.6% |
| Operating profit (loss) | 9901 | €734 | €2,715 | +€1,981 | +270% |
| Financial income | 75/76B | €734 | - | -€734 | |
| Recurring financial income | 75 | €734 | - | -€734 | |
| Financial charges | 65/66B | €107 | €211 | +€103 | +95.9% |
| Recurring financial charges | 65 | €107 | €211 | +€103 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €1,361 | €2,504 | +€1,143 | +84.0% |
| Profit (loss) for the period | 9904 | €1,361 | €2,504 | +€1,143 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361 | €2,504 | +€1,143 | +84.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.