CONI: 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.
CONI
Largest movements
- Cash -€113,916
down €113,916 (-29.2%), from €390,474 to €276,557
mainly Contributions, distributions and other (-€150,000) and Other debts (-€100,000)
- Tangible fixed assets -€64,904
down €64,904 (-22.3%), from €290,911 to €226,007
of which Plant, machinery and equipment: -€39,094
- Current investments +€49,505
up €49,505 (+8.9%), from €557,942 to €607,447
- Other debts -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Trade debts -€57,181
down €57,181 (-7.0%), from €816,131 to €758,950
- Reserves +€51,109
up €51,109 (+5.3%), from €957,619 to €1.0m
of which Distributable reserves: +€51,109
- Tax, wage and social debts -€22,585
down €22,585 (-31.9%), from €70,896 to €48,311
of which Remuneration and social security: -€23,413
- Gross operating margin -€190,670
down €190,670 (-21.8%), from €872,992 to €682,322
- Staff costs -€73,609
down €73,609 (-16.2%), from €455,728 to €382,119
- Financial income +€21,590
up €21,590 (+100.8%), from €21,419 to €43,008
- Depreciation -€11,292
down €11,292 (-10.4%), from €108,439 to €97,147
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 | €2,164,646 | €2,035,988 | -€128,657 | -5.9% |
| Fixed assets | 21/28 | €290,911 | €226,007 | -€64,904 | -22.3% |
| Tangible fixed assets | 22/27 | €290,911 | €226,007 | -€64,904 | -22.3% |
| Plant, machinery and equipment | 23 | €210,985 | €171,891 | -€39,094 | -18.5% |
| Furniture and vehicles | 24 | €7,892 | €11,652 | +€3,761 | +47.7% |
| Other tangible fixed assets | 26 | €72,035 | €42,464 | -€29,570 | -41.1% |
| Current assets | 29/58 | €1,873,735 | €1,809,981 | -€63,754 | -3.4% |
| Stocks and contracts in progress | 3 | €430,998 | €446,659 | +€15,661 | +3.6% |
| Stocks | 30/36 | €430,998 | €446,659 | +€15,661 | +3.6% |
| Amounts receivable within one year | 40/41 | €456,504 | €447,481 | -€9,023 | -2.0% |
| Trade receivables | 40 | €7,780 | €5,302 | -€2,478 | -31.9% |
| Other amounts receivable | 41 | €448,724 | €442,179 | -€6,545 | -1.5% |
| Current investments | 50/53 | €557,942 | €607,447 | +€49,505 | +8.9% |
| Cash at bank and in hand | 54/58 | €390,474 | €276,557 | -€113,916 | -29.2% |
| Deferred charges and accrued income | 490/1 | €37,818 | €31,837 | -€5,981 | -15.8% |
| Total equity and liabilities | 10/49 | €2,164,646 | €2,035,988 | -€128,657 | -5.9% |
| Equity | 10/15 | €1,027,619 | €1,078,728 | +€51,109 | +5.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €957,619 | €1,008,728 | +€51,109 | +5.3% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €950,619 | €1,001,728 | +€51,109 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,137,027 | €957,261 | -€179,766 | -15.8% |
| Amounts payable within one year | 42/48 | €1,137,027 | €957,261 | -€179,766 | -15.8% |
| Trade debts | 44 | €816,131 | €758,950 | -€57,181 | -7.0% |
| Suppliers | 440/4 | €816,131 | €758,950 | -€57,181 | -7.0% |
| Taxes, remuneration and social security | 45 | €70,896 | €48,311 | -€22,585 | -31.9% |
| Taxes | 450/3 | €10,759 | €11,587 | +€828 | +7.7% |
| Remuneration and social security | 454/9 | €60,137 | €36,724 | -€23,413 | -38.9% |
| Other amounts payable | 47/48 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Remuneration, social security and pensions | 62 | €455,728 | €382,119 | -€73,609 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,439 | €97,147 | -€11,292 | -10.4% |
| Other operating charges | 640/8 | €11,713 | €12,432 | +€718 | +6.1% |
| Gross operating margin | 9900 | €872,992 | €682,322 | -€190,670 | -21.8% |
| Operating profit (loss) | 9901 | €297,113 | €190,625 | -€106,488 | -35.8% |
| Financial income | 75/76B | €21,419 | €43,008 | +€21,590 | +100.8% |
| Recurring financial income | 75 | €21,419 | €43,008 | +€21,590 | +100.8% |
| Financial charges | 65/66B | €18,799 | €20,140 | +€1,340 | +7.1% |
| Recurring financial charges | 65 | €18,799 | €20,140 | +€1,340 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €299,732 | €213,493 | -€86,239 | -28.8% |
| Income taxes | 67/77 | €11,981 | €12,385 | +€404 | +3.4% |
| Profit (loss) for the period | 9904 | €287,751 | €201,109 | -€86,642 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €287,751 | €201,109 | -€86,642 | -30.1% |
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 5 October 2026 via checked.be.