CONIMA: 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.
CONIMA
Largest movements
- Cash -€74,559
down €74,559 (-57.9%), from €128,866 to €54,307
mainly Receivables within one year (-€69,457) and Current portion of long-term debt (-€22,741)
- Receivables within one year +€69,457
up €69,457 (+44.6%), from €155,611 to €225,068
of which Other amounts receivable: +€48,699
- Tangible fixed assets -€12,963
down €12,963 (-32.0%), from €40,494 to €27,531
- Stocks and contracts -€10,306
down €10,306 (-44.2%), from €23,330 to €13,024
- Current portion of long-term debt -€22,741
no longer reported in 2025 (was €22,741)
- Trade debts +€19,983
up €19,983 (+60.0%), from €33,316 to €53,299
- Profit (loss) carried forward -€16,460
down €16,460 (-5.7%), from €288,071 to €271,611
- Tax, wage and social debts -€9,153
down €9,153 (-30.4%), from €30,083 to €20,930
of which Taxes: -€6,693
- Gross operating margin -€86,491
down €86,491 (-87.9%), from €98,445 to €11,954
- Taxes -€15,915
down €15,915 (-98.0%), from €16,243 to €328
- Staff costs -€13,190
down €13,190 (-69.4%), from €19,007 to €5,817
- Financial charges +€5,200
up €5,200 (+101.9%), from €5,102 to €10,302
of which Financial charges: +€3,379
- Financial income +€1,478
up €1,478 (+27.9%), from €5,300 to €6,778
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 | €557,601 | €529,230 | -€28,371 | -5.1% |
| Fixed assets | 21/28 | €49,794 | €36,831 | -€12,963 | -26.0% |
| Tangible fixed assets | 22/27 | €40,494 | €27,531 | -€12,963 | -32.0% |
| Furniture and vehicles | 24 | €40,494 | €27,531 | -€12,963 | -32.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €507,807 | €492,399 | -€15,408 | -3.0% |
| Stocks and contracts in progress | 3 | €23,330 | €13,024 | -€10,306 | -44.2% |
| Stocks | 30/36 | €23,330 | €13,024 | -€10,306 | -44.2% |
| Amounts receivable within one year | 40/41 | €155,611 | €225,068 | +€69,457 | +44.6% |
| Trade receivables | 40 | €27,634 | €48,392 | +€20,758 | +75.1% |
| Other amounts receivable | 41 | €127,977 | €176,676 | +€48,699 | +38.1% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €128,866 | €54,307 | -€74,559 | -57.9% |
| Total equity and liabilities | 10/49 | €557,601 | €529,230 | -€28,371 | -5.1% |
| Equity | 10/15 | €462,161 | €445,701 | -€16,460 | -3.6% |
| Contributions | 10/11 | €50,002 | €50,002 | = | 0.0% |
| Reserves | 13 | €124,088 | €124,088 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €120,588 | €120,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,071 | €271,611 | -€16,460 | -5.7% |
| Amounts payable | 17/49 | €95,440 | €83,529 | -€11,911 | -12.5% |
| Amounts payable within one year | 42/48 | €95,440 | €83,529 | -€11,911 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €22,741 | - | -€22,741 | |
| Trade debts | 44 | €33,316 | €53,299 | +€19,983 | +60.0% |
| Suppliers | 440/4 | €33,316 | €53,299 | +€19,983 | +60.0% |
| Taxes, remuneration and social security | 45 | €30,083 | €20,930 | -€9,153 | -30.4% |
| Taxes | 450/3 | €27,623 | €20,930 | -€6,693 | -24.2% |
| Remuneration and social security | 454/9 | €2,460 | - | -€2,460 | |
| Other amounts payable | 47/48 | €9,300 | €9,300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €19,007 | €5,817 | -€13,190 | -69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,160 | €15,670 | +€510 | +3.4% |
| Other operating charges | 640/8 | €2,003 | €3,075 | +€1,072 | +53.5% |
| Non-recurring operating charges | 66A | €32,624 | - | -€32,624 | |
| Gross operating margin | 9900 | €98,445 | €11,954 | -€86,491 | -87.9% |
| Operating profit (loss) | 9901 | €29,651 | -€12,608 | -€42,259 | |
| Financial income | 75/76B | €5,300 | €6,778 | +€1,478 | +27.9% |
| Recurring financial income | 75 | €5,300 | €6,778 | +€1,478 | +27.9% |
| Financial charges | 65/66B | €5,102 | €10,302 | +€5,200 | +101.9% |
| Recurring financial charges | 65 | €5,102 | €8,481 | +€3,379 | +66.2% |
| Non-recurring financial charges | 66B | - | €1,821 | +€1,821 | |
| Profit (loss) for the period before taxes | 9903 | €29,849 | -€16,132 | -€45,981 | |
| Income taxes | 67/77 | €16,243 | €328 | -€15,915 | -98.0% |
| Profit (loss) for the period | 9904 | €13,606 | -€16,460 | -€30,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,606 | -€16,460 | -€30,066 |
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 2 October 2026 via checked.be.