Confido: 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.
Confido
Largest movements
- Receivables within one year -€427,278
down €427,278 (-25.0%), from €1.7m to €1.3m
of which Other amounts receivable: -€429,945
- Stocks and contracts -€261,507
down €261,507 (-47.3%), from €552,543 to €291,036
- Advances received -€680,858
down €680,858 (-100.0%), from €680,858 to €0
- Reserves +€62,831
up €62,831 (+5.9%), from €1.1m to €1.1m
of which Distributable reserves: +€62,831
- Other debts -€33,798
down €33,798 (-51.9%), from €65,084 to €31,286
- Tax, wage and social debts -€31,842
down €31,842 (-23.5%), from €135,540 to €103,698
of which Taxes: -€31,519
- Gross operating margin -€98,888
down €98,888 (-32.7%), from €302,255 to €203,367
- Taxes -€32,576
down €32,576 (-49.4%), from €65,886 to €33,309
- Financial income -€5,894
down €5,894 (-16.5%), from €35,681 to €29,787
- Financial charges -€3,841
down €3,841 (-18.5%), from €20,741 to €16,900
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,465,928 | €1,766,835 | -€699,093 | -28.4% |
| Fixed assets | 21/28 | €16,416 | €9,150 | -€7,266 | -44.3% |
| Tangible fixed assets | 22/27 | €16,416 | €9,150 | -€7,266 | -44.3% |
| Furniture and vehicles | 24 | €16,416 | €9,150 | -€7,266 | -44.3% |
| Current assets | 29/58 | €2,449,512 | €1,757,685 | -€691,827 | -28.2% |
| Stocks and contracts in progress | 3 | €552,543 | €291,036 | -€261,507 | -47.3% |
| Contracts in progress | 37 | €552,543 | €291,036 | -€261,507 | -47.3% |
| Amounts receivable within one year | 40/41 | €1,711,971 | €1,284,693 | -€427,278 | -25.0% |
| Trade receivables | 40 | €247,610 | €250,277 | +€2,667 | +1.1% |
| Other amounts receivable | 41 | €1,464,361 | €1,034,416 | -€429,945 | -29.4% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,375 | €181,955 | -€1,420 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1,622 | €0 | -€1,622 | -100.0% |
| Total equity and liabilities | 10/49 | €2,465,928 | €1,766,835 | -€699,093 | -28.4% |
| Equity | 10/15 | €1,069,046 | €1,131,877 | +€62,831 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,056,646 | €1,119,477 | +€62,831 | +5.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,056,646 | €1,119,477 | +€62,831 | +5.9% |
| Amounts payable | 17/49 | €1,396,882 | €634,957 | -€761,925 | -54.5% |
| Amounts payable within one year | 42/48 | €1,396,882 | €634,933 | -€761,949 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €515,400 | €499,949 | -€15,451 | -3.0% |
| Suppliers | 440/4 | €515,400 | €499,949 | -€15,451 | -3.0% |
| Advances received on contracts in progress | 46 | €680,858 | €0 | -€680,858 | -100.0% |
| Taxes, remuneration and social security | 45 | €135,540 | €103,698 | -€31,842 | -23.5% |
| Taxes | 450/3 | €129,562 | €98,043 | -€31,519 | -24.3% |
| Remuneration and social security | 454/9 | €5,978 | €5,655 | -€323 | -5.4% |
| Other amounts payable | 47/48 | €65,084 | €31,286 | -€33,798 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Non-recurring operating income | 76A | - | €10,984 | +€10,984 | |
| Remuneration, social security and pensions | 62 | €112,655 | €110,369 | -€2,286 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,269 | €7,269 | = | 0.0% |
| Other operating charges | 640/8 | €3,742 | €2,476 | -€1,266 | -33.8% |
| Gross operating margin | 9900 | €302,255 | €203,367 | -€98,888 | -32.7% |
| Operating profit (loss) | 9901 | €178,589 | €83,253 | -€95,335 | -53.4% |
| Financial income | 75/76B | €35,681 | €29,787 | -€5,894 | -16.5% |
| Recurring financial income | 75 | €35,681 | €29,787 | -€5,894 | -16.5% |
| Financial charges | 65/66B | €20,741 | €16,900 | -€3,841 | -18.5% |
| Recurring financial charges | 65 | €20,741 | €16,900 | -€3,841 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €193,529 | €96,141 | -€97,388 | -50.3% |
| Income taxes | 67/77 | €65,886 | €33,309 | -€32,576 | -49.4% |
| Profit (loss) for the period | 9904 | €127,643 | €62,831 | -€64,812 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,643 | €62,831 | -€64,812 | -50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.