CONIFER GROUP: 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.
CONIFER GROUP
Largest movements
- Cash -€57,013
down €57,013 (-81.4%), from €70,044 to €13,031
mainly Net result for the year (-€58,492) and Stocks and contracts (-€52,625)
- Stocks and contracts +€52,625
up €52,625 (+11.2%), from €469,258 to €521,882
- Receivables within one year -€29,651
down €29,651 (-37.3%), from €79,542 to €49,891
of which Trade receivables: -€46,469
- Profit (loss) carried forward -€58,492
down €58,492 (-23.1%), from -€252,965 to -€311,457
- Other debts +€20,065
up €20,065 (+19.0%), from €105,867 to €125,932
- Gross operating margin -€12,310
down €12,310 (-51.1%), from -€24,095 to -€36,405
- Financial charges -€8,220
down €8,220 (-34.0%), from €24,198 to €15,978
- Other operating charges +€1,673
up €1,673 (+72.6%), from €2,304 to €3,977
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.
Derived cash bridge
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 | €631,209 | €590,254 | -€40,956 | -6.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,569 | €3,997 | -€1,572 | -28.2% |
| Tangible fixed assets | 22/27 | €5,569 | €3,997 | -€1,572 | -28.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,911 | €2,014 | -€897 | -30.8% |
| Furniture and vehicles | 24 | €2,658 | €1,983 | -€675 | -25.4% |
| Current assets | 29/58 | €625,640 | €586,257 | -€39,383 | -6.3% |
| Stocks and contracts in progress | 3 | €469,258 | €521,882 | +€52,625 | +11.2% |
| Stocks | 30/36 | €469,258 | €521,882 | +€52,625 | +11.2% |
| Amounts receivable within one year | 40/41 | €79,542 | €49,891 | -€29,651 | -37.3% |
| Trade receivables | 40 | €59,873 | €13,404 | -€46,469 | -77.6% |
| Other amounts receivable | 41 | €19,669 | €36,487 | +€16,818 | +85.5% |
| Cash at bank and in hand | 54/58 | €70,044 | €13,031 | -€57,013 | -81.4% |
| Deferred charges and accrued income | 490/1 | €6,795 | €1,451 | -€5,344 | -78.6% |
| Total equity and liabilities | 10/49 | €631,209 | €590,254 | -€40,956 | -6.5% |
| Equity | 10/15 | €79,337 | €20,845 | -€58,492 | -73.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,702 | €313,702 | = | 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% |
| Distributable reserves | 133 | €311,842 | €311,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,965 | -€311,457 | -€58,492 | -23.1% |
| Amounts payable | 17/49 | €551,872 | €569,408 | +€17,536 | +3.2% |
| Amounts payable after more than one year | 17 | €407,862 | €405,329 | -€2,532 | -0.6% |
| Financial debts | 170/4 | €407,862 | €405,329 | -€2,532 | -0.6% |
| Amounts payable within one year | 42/48 | €144,011 | €164,079 | +€20,068 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €13,685 | €16,761 | +€3,075 | +22.5% |
| Financial debts | 43 | - | €69 | +€69 | |
| Credit institutions | 430/8 | - | €69 | +€69 | |
| Trade debts | 44 | €14,222 | €11,661 | -€2,561 | -18.0% |
| Suppliers | 440/4 | €14,222 | €11,661 | -€2,561 | -18.0% |
| Advances received on contracts in progress | 46 | - | €2,541 | +€2,541 | |
| Taxes, remuneration and social security | 45 | €10,236 | €7,115 | -€3,121 | -30.5% |
| Taxes | 450/3 | €10,236 | €7,115 | -€3,121 | -30.5% |
| Other amounts payable | 47/48 | €105,867 | €125,932 | +€20,065 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,809 | €2,129 | +€320 | +17.7% |
| Other operating charges | 640/8 | €2,304 | €3,977 | +€1,673 | +72.6% |
| Gross operating margin | 9900 | -€24,095 | -€36,405 | -€12,310 | -51.1% |
| Operating profit (loss) | 9901 | -€28,209 | -€42,512 | -€14,303 | -50.7% |
| Financial income | 75/76B | €389 | €218 | -€171 | -43.9% |
| Recurring financial income | 75 | €389 | €218 | -€171 | -43.9% |
| Financial charges | 65/66B | €24,198 | €15,978 | -€8,220 | -34.0% |
| Recurring financial charges | 65 | €24,198 | €15,978 | -€8,220 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€52,018 | -€58,271 | -€6,253 | -12.0% |
| Income taxes | 67/77 | €195 | €220 | +€25 | +12.9% |
| Profit (loss) for the period | 9904 | -€52,213 | -€58,492 | -€6,278 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,213 | -€58,492 | -€6,278 | -12.0% |
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 14 October 2026 via checked.be.