Confluenza: 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.
Confluenza
Largest movements
- Receivables within one year +€13,489
up €13,489 (+81.7%), from €16,513 to €30,002
of which Trade receivables: +€14,302
- Cash -€10,608
down €10,608 (-41.3%), from €25,671 to €15,063
mainly Contributions, distributions and other (-€37,525) and Receivables within one year (-€13,489)
- Tangible fixed assets -€9,878
down €9,878 (-20.0%), from €49,397 to €39,519
of which Furniture and vehicles: -€11,318
- Other debts +€22,525
up €22,525, from €0 to €22,525
- Reserves -€20,803
down €20,803 (-47.6%), from €43,739 to €22,936
- Debts after one year -€7,219
down €7,219 (-26.0%), from €27,762 to €20,543
- Tax, wage and social debts -€1,169
down €1,169 (-9.5%), from €12,373 to €11,204
- Depreciation +€6,218
up €6,218 (+97.6%), from €6,370 to €12,589
- Gross operating margin +€4,921
up €4,921 (+15.4%), from €31,951 to €36,872
- Taxes -€1,865
down €1,865 (-25.4%), from €7,343 to €5,479
- Other operating charges -€840
down €840 (-54.9%), from €1,531 to €691
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 | €93,719 | €87,115 | -€6,603 | -7.0% |
| Fixed assets | 21/28 | €49,397 | €39,519 | -€9,878 | -20.0% |
| Tangible fixed assets | 22/27 | €49,397 | €39,519 | -€9,878 | -20.0% |
| Furniture and vehicles | 24 | €38,620 | €27,301 | -€11,318 | -29.3% |
| Other tangible fixed assets | 26 | €10,777 | €12,218 | +€1,441 | +13.4% |
| Current assets | 29/58 | €44,322 | €47,596 | +€3,274 | +7.4% |
| Amounts receivable within one year | 40/41 | €16,513 | €30,002 | +€13,489 | +81.7% |
| Trade receivables | 40 | €8,458 | €22,760 | +€14,302 | +169.1% |
| Other amounts receivable | 41 | €8,055 | €7,242 | -€813 | -10.1% |
| Cash at bank and in hand | 54/58 | €25,671 | €15,063 | -€10,608 | -41.3% |
| Deferred charges and accrued income | 490/1 | €2,138 | €2,531 | +€393 | +18.4% |
| Total equity and liabilities | 10/49 | €93,719 | €87,115 | -€6,603 | -7.0% |
| Equity | 10/15 | €45,739 | €24,936 | -€20,803 | -45.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,739 | €22,936 | -€20,803 | -47.6% |
| Distributable reserves | 133 | €43,739 | €22,936 | -€20,803 | -47.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,979 | €62,179 | +€14,200 | +29.6% |
| Amounts payable after more than one year | 17 | €27,762 | €20,543 | -€7,219 | -26.0% |
| Financial debts | 170/4 | €27,762 | €20,543 | -€7,219 | -26.0% |
| Amounts payable within one year | 42/48 | €20,218 | €41,636 | +€21,419 | +105.9% |
| Current portion of amounts payable after more than one year | 42 | €6,969 | €7,219 | +€250 | +3.6% |
| Trade debts | 44 | €875 | €689 | -€187 | -21.3% |
| Suppliers | 440/4 | €875 | €689 | -€187 | -21.3% |
| Taxes, remuneration and social security | 45 | €12,373 | €11,204 | -€1,169 | -9.5% |
| Taxes | 450/3 | €12,373 | €11,204 | -€1,169 | -9.5% |
| Other amounts payable | 47/48 | €0 | €22,525 | +€22,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €12,589 | +€6,218 | +97.6% |
| Other operating charges | 640/8 | €1,531 | €691 | -€840 | -54.9% |
| Gross operating margin | 9900 | €31,951 | €36,872 | +€4,921 | +15.4% |
| Operating profit (loss) | 9901 | €24,049 | €23,592 | -€457 | -1.9% |
| Financial income | 75/76B | €2 | €16 | +€14 | +711.4% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +711.4% |
| Financial charges | 65/66B | €1,141 | €1,409 | +€268 | +23.5% |
| Recurring financial charges | 65 | €1,141 | €1,409 | +€268 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €22,911 | €22,200 | -€711 | -3.1% |
| Income taxes | 67/77 | €7,343 | €5,479 | -€1,865 | -25.4% |
| Profit (loss) for the period | 9904 | €15,568 | €16,721 | +€1,154 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,568 | €16,721 | +€1,154 | +7.4% |
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 11 October 2026 via checked.be.