CONFRAS: 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.
CONFRAS
Largest movements
- Tangible fixed assets +€45,430
up €45,430 (+748.9%), from €6,067 to €51,497
of which Leasing and similar rights: +€46,730
- Stocks and contracts +€41,533
up €41,533 (+63.5%), from €65,444 to €106,977
of which Contracts in progress: +€33,659
- Receivables within one year -€18,251
down €18,251 (-37.8%), from €48,314 to €30,062
of which Trade receivables: -€16,047
- Debts after one year +€30,142
new in 2025: €30,142
- Trade debts +€12,034
up €12,034 (+21.2%), from €56,717 to €68,751
- Current portion of long-term debt +€11,588
new in 2025: €11,588
- Profit (loss) carried forward +€9,030
up €9,030 (+89.0%), from €10,141 to €19,172
- Short-term financial debts +€8,078
up €8,078 (+20.9%), from €38,732 to €46,810
- Gross operating margin +€46,486
up €46,486 (+112.3%), from €41,380 to €87,866
- Staff costs +€23,223
up €23,223 (+81.2%), from €28,587 to €51,810
- Depreciation +€11,941
up €11,941 (+1145.9%), from €1,042 to €12,983
- Taxes +€3,050
up €3,050 (+239.2%), from €1,275 to €4,326
- Financial income +€978
new in 2025: €978
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,825 | €188,536 | +€68,712 | +57.3% |
| Fixed assets | 21/28 | €6,067 | €51,497 | +€45,430 | +748.9% |
| Tangible fixed assets | 22/27 | €6,067 | €51,497 | +€45,430 | +748.9% |
| Plant, machinery and equipment | 23 | €6,067 | €4,767 | -€1,300 | -21.4% |
| Leasing and similar rights | 25 | - | €46,730 | +€46,730 | |
| Current assets | 29/58 | €113,758 | €137,039 | +€23,281 | +20.5% |
| Stocks and contracts in progress | 3 | €65,444 | €106,977 | +€41,533 | +63.5% |
| Stocks | 30/36 | €19,662 | €27,536 | +€7,874 | +40.0% |
| Contracts in progress | 37 | €45,782 | €79,441 | +€33,659 | +73.5% |
| Amounts receivable within one year | 40/41 | €48,314 | €30,062 | -€18,251 | -37.8% |
| Trade receivables | 40 | €16,047 | - | -€16,047 | |
| Other amounts receivable | 41 | €32,267 | €30,062 | -€2,205 | -6.8% |
| Total equity and liabilities | 10/49 | €119,825 | €188,536 | +€68,712 | +57.3% |
| Equity | 10/15 | €13,141 | €22,172 | +€9,030 | +68.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,141 | €19,172 | +€9,030 | +89.0% |
| Amounts payable | 17/49 | €106,683 | €166,365 | +€59,682 | +55.9% |
| Amounts payable after more than one year | 17 | - | €30,142 | +€30,142 | |
| Financial debts | 170/4 | - | €30,142 | +€30,142 | |
| Amounts payable within one year | 42/48 | €106,683 | €136,023 | +€29,340 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,588 | +€11,588 | |
| Financial debts | 43 | €38,732 | €46,810 | +€8,078 | +20.9% |
| Credit institutions | 430/8 | €38,732 | €46,810 | +€8,078 | +20.9% |
| Trade debts | 44 | €56,717 | €68,751 | +€12,034 | +21.2% |
| Suppliers | 440/4 | €56,717 | €68,751 | +€12,034 | +21.2% |
| Taxes, remuneration and social security | 45 | €11,234 | €8,875 | -€2,359 | -21.0% |
| Taxes | 450/3 | €5,051 | €8,875 | +€3,824 | +75.7% |
| Remuneration and social security | 454/9 | €6,183 | - | -€6,183 | |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €28,587 | €51,810 | +€23,223 | +81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,042 | €12,983 | +€11,941 | +1145.9% |
| Other operating charges | 640/8 | €2,673 | €2,194 | -€478 | -17.9% |
| Gross operating margin | 9900 | €41,380 | €87,866 | +€46,486 | +112.3% |
| Operating profit (loss) | 9901 | €9,078 | €20,879 | +€11,801 | +130.0% |
| Financial income | 75/76B | - | €978 | +€978 | |
| Recurring financial income | 75 | - | €978 | +€978 | |
| Financial charges | 65/66B | €7,666 | €8,501 | +€835 | +10.9% |
| Recurring financial charges | 65 | €7,666 | €8,501 | +€835 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,413 | €13,356 | +€11,943 | +845.4% |
| Income taxes | 67/77 | €1,275 | €4,326 | +€3,050 | +239.2% |
| Profit (loss) for the period | 9904 | €137 | €9,030 | +€8,893 | +6477.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137 | €9,030 | +€8,893 | +6477.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.