CONLE FINANCE: 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.
CONLE FINANCE
Largest movements
- Cash -€17.6m
down €17.6m (-84.9%), from €20.8m to €3.1m
mainly Current investments (-€16.1m) and Investment in fixed assets (net) (-€1.2m)
- Current investments +€16.1m
up €16.1m (+298%), from €5.4m to €21.5m
- Financial fixed assets +€1.2m
up €1.2m (+2.4%), from €47.3m to €48.4m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€2.1m
up €2.1m (+46,402%), from €4,502 to €2.1m
of which Non-recurring financial charges: +€1.1m
- Financial income -€710,052
down €710,052 (-21.6%), from €3.3m to €2.6m
- Taxes -€576,121
down €576,121 (-69.9%), from €824,042 to €247,921
- Gross operating margin +€13,094
up €13,094 (+30.8%), from -€42,493 to -€29,399
- Other operating charges +€8,292
up €8,292 (+180%), from €4,613 to €12,904
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 | €73,435,339 | €73,301,011 | -€134,327 | -0.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €47,260,000 | €48,415,250 | +€1.2m | +2.4% |
| Financial fixed assets | 28 | €47,260,000 | €48,415,250 | +€1.2m | +2.4% |
| Current assets | 29/58 | €26,175,339 | €24,885,761 | -€1.3m | -4.9% |
| Amounts receivable within one year | 40/41 | €2,570 | €2,117 | -€454 | -17.6% |
| Other amounts receivable | 41 | €2,570 | €2,117 | -€454 | -17.6% |
| Current investments | 50/53 | €5,394,655 | €21,487,043 | +€16.1m | +298% |
| Cash at bank and in hand | 54/58 | €20,777,992 | €3,134,458 | -€17.6m | -84.9% |
| Deferred charges and accrued income | 490/1 | €121 | €262,143 | +€262,022 | +216,332% |
| Total equity and liabilities | 10/49 | €73,435,339 | €73,301,011 | -€134,327 | -0.2% |
| Equity | 10/15 | €73,051,414 | €73,240,138 | +€188,724 | +0.3% |
| Contributions | 10/11 | €68,000,000 | €68,000,000 | = | 0.0% |
| Capital | 10 | €68,000,000 | €68,000,000 | = | 0.0% |
| Issued capital | 100 | €68,000,000 | €68,000,000 | = | 0.0% |
| Reserves | 13 | €5,051,414 | €5,240,138 | +€188,724 | +3.7% |
| Non-distributable reserves | 130/1 | €636,421 | €645,857 | +€9,436 | +1.5% |
| Legal reserve | 130 | €636,421 | €645,857 | +€9,436 | +1.5% |
| Distributable reserves | 133 | €4,414,993 | €4,594,281 | +€179,288 | +4.1% |
| Amounts payable | 17/49 | €383,925 | €60,874 | -€323,051 | -84.1% |
| Amounts payable within one year | 42/48 | €383,925 | €60,874 | -€323,051 | -84.1% |
| Trade debts | 44 | €16,225 | €14,352 | -€1,873 | -11.5% |
| Suppliers | 440/4 | €16,225 | €14,352 | -€1,873 | -11.5% |
| Taxes, remuneration and social security | 45 | €293,852 | €477 | -€293,375 | -99.8% |
| Taxes | 450/3 | €293,852 | €477 | -€293,375 | -99.8% |
| Other amounts payable | 47/48 | €73,848 | €46,045 | -€27,804 | -37.6% |
| Other operating charges | 640/8 | €4,613 | €12,904 | +€8,292 | +180% |
| Gross operating margin | 9900 | -€42,493 | -€29,399 | +€13,094 | +30.8% |
| Operating profit (loss) | 9901 | -€47,106 | -€42,303 | +€4,803 | +10.2% |
| Financial income | 75/76B | €3,282,348 | €2,572,296 | -€710,052 | -21.6% |
| Recurring financial income | 75 | €3,282,348 | €2,572,296 | -€710,052 | -21.6% |
| Financial charges | 65/66B | €4,502 | €2,093,348 | +€2.1m | +46,402% |
| Recurring financial charges | 65 | €4,502 | €959,917 | +€955,415 | +21,224% |
| Non-recurring financial charges | 66B | - | €1,133,431 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €3,230,741 | €436,645 | -€2.8m | -86.5% |
| Income taxes | 67/77 | €824,042 | €247,921 | -€576,121 | -69.9% |
| Profit (loss) for the period | 9904 | €2,406,698 | €188,724 | -€2.2m | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,406,698 | €188,724 | -€2.2m | -92.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.