CONINGS MANAGEMENT: 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.
CONINGS MANAGEMENT
Largest movements
- Cash -€104,059
down €104,059 (-53.5%), from €194,671 to €90,612
mainly Contributions, distributions and other (-€171,907) and Current investments (-€91,410)
- Receivables after one year -€99,000
down €99,000 (-12.2%), from €810,000 to €711,000
- Current investments +€91,410
up €91,410 (+8.1%), from €1.1m to €1.2m
- Receivables within one year +€59,003
up €59,003 (+27.3%), from €216,001 to €275,004
of which Other amounts receivable: +€51,597
- Tangible fixed assets -€53,377
down €53,377 (-30.6%), from €174,384 to €121,007
- Reserves -€188,379
down €188,379 (-8.3%), from €2.3m to €2.1m
of which Distributable reserves: -€188,379
- Other debts +€152,162
up €152,162 (+609%), from €24,990 to €177,152
- Tax, wage and social debts -€75,225
down €75,225 (-68.4%), from €109,898 to €34,673
of which Taxes: -€76,327
- Advances received +€43,500
new in 2025: €43,500
- Trade debts -€37,990
down €37,990 (-86.7%), from €43,836 to €5,846
- Financial income -€69,858
down €69,858 (-64.8%), from €107,888 to €38,030
- Gross operating margin +€40,005
up €40,005 (+58.7%), from €68,196 to €108,200
- Staff costs +€19,705
up €19,705 (+28.9%), from €68,132 to €87,837
- Taxes -€3,086
down €3,086 (-87.0%), from €3,547 to €461
- Financial charges +€2,030
up €2,030 (+114%), from €1,773 to €3,804
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 | €2,528,573 | €2,415,571 | -€113,003 | -4.5% |
| Fixed assets | 21/28 | €174,542 | €121,225 | -€53,317 | -30.5% |
| Tangible fixed assets | 22/27 | €174,384 | €121,007 | -€53,377 | -30.6% |
| Land and buildings | 22 | €48,274 | €24,964 | -€23,310 | -48.3% |
| Plant, machinery and equipment | 23 | €29,044 | €21,546 | -€7,498 | -25.8% |
| Furniture and vehicles | 24 | €97,066 | €74,497 | -€22,569 | -23.3% |
| Financial fixed assets | 28 | €158 | €218 | +€60 | +37.9% |
| Current assets | 29/58 | €2,354,032 | €2,294,345 | -€59,686 | -2.5% |
| Amounts receivable after more than one year | 29 | €810,000 | €711,000 | -€99,000 | -12.2% |
| Other amounts receivable | 291 | €810,000 | €711,000 | -€99,000 | -12.2% |
| Amounts receivable within one year | 40/41 | €216,001 | €275,004 | +€59,003 | +27.3% |
| Trade receivables | 40 | €81,135 | €88,541 | +€7,406 | +9.1% |
| Other amounts receivable | 41 | €134,866 | €186,462 | +€51,597 | +38.3% |
| Current investments | 50/53 | €1,124,960 | €1,216,370 | +€91,410 | +8.1% |
| Cash at bank and in hand | 54/58 | €194,671 | €90,612 | -€104,059 | -53.5% |
| Deferred charges and accrued income | 490/1 | €8,400 | €1,360 | -€7,040 | -83.8% |
| Total equity and liabilities | 10/49 | €2,528,573 | €2,415,571 | -€113,003 | -4.5% |
| Equity | 10/15 | €2,325,540 | €2,137,161 | -€188,379 | -8.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,263,540 | €2,075,161 | -€188,379 | -8.3% |
| Non-distributable reserves | 130/1 | €132,677 | €132,677 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €126,477 | €126,477 | = | 0.0% |
| Distributable reserves | 133 | €2,130,862 | €1,942,484 | -€188,379 | -8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €203,033 | €278,409 | +€75,376 | +37.1% |
| Amounts payable after more than one year | 17 | €17,239 | €12,020 | -€5,219 | -30.3% |
| Financial debts | 170/4 | €17,239 | €12,020 | -€5,219 | -30.3% |
| Amounts payable within one year | 42/48 | €185,795 | €266,389 | +€80,595 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €7,071 | €5,219 | -€1,852 | -26.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €43,836 | €5,846 | -€37,990 | -86.7% |
| Suppliers | 440/4 | €43,836 | €5,846 | -€37,990 | -86.7% |
| Advances received on contracts in progress | 46 | - | €43,500 | +€43,500 | |
| Taxes, remuneration and social security | 45 | €109,898 | €34,673 | -€75,225 | -68.4% |
| Taxes | 450/3 | €100,558 | €24,231 | -€76,327 | -75.9% |
| Remuneration and social security | 454/9 | €9,340 | €10,442 | +€1,102 | +11.8% |
| Other amounts payable | 47/48 | €24,990 | €177,152 | +€152,162 | +609% |
| Non-recurring operating income | 76A | €4,219 | €500 | -€3,719 | -88.1% |
| Remuneration, social security and pensions | 62 | €68,132 | €87,837 | +€19,705 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,455 | €59,015 | +€560 | +1.0% |
| Other operating charges | 640/8 | €10,878 | €11,586 | +€708 | +6.5% |
| Non-recurring operating charges | 66A | €2,888 | €0 | -€2,888 | -100% |
| Gross operating margin | 9900 | €68,196 | €108,200 | +€40,005 | +58.7% |
| Operating profit (loss) | 9901 | -€72,158 | -€50,238 | +€21,920 | +30.4% |
| Financial income | 75/76B | €107,888 | €38,030 | -€69,858 | -64.8% |
| Recurring financial income | 75 | €107,888 | €38,030 | -€69,858 | -64.8% |
| Financial charges | 65/66B | €1,773 | €3,804 | +€2,030 | +114% |
| Recurring financial charges | 65 | €1,773 | €3,804 | +€2,030 | +114% |
| Profit (loss) for the period before taxes | 9903 | €33,957 | -€16,011 | -€49,969 | |
| Income taxes | 67/77 | €3,547 | €461 | -€3,086 | -87.0% |
| Profit (loss) for the period | 9904 | €30,411 | -€16,472 | -€46,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,411 | -€16,472 | -€46,883 |
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 30 October 2026 via checked.be.