CONNI: 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.
CONNI
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+12461.3%), from €12,838 to €1.6m
of which Land and buildings: +€1.6m
- Cash -€116,759
down €116,759 (-71.6%), from €163,054 to €46,295
mainly Investment in fixed assets (net) (-€1.8m) and Net result for the year (-€105,701)
- Current investments -€57,887
down €57,887 (-100.0%), from €57,887 to €0
- Receivables within one year +€50,949
up €50,949 (+1870.4%), from €2,724 to €53,673
of which Trade receivables: +€25,750
- Debts after one year +€1.2m
up €1.2m (+84334.2%), from €1,434 to €1.2m
- Current portion of long-term debt +€265,345
up €265,345 (+4654.7%), from €5,701 to €271,046
- Reserves -€105,701
down €105,701 (-58.2%), from €181,572 to €75,870
- Other debts +€102,375
up €102,375 (+585.8%), from €17,477 to €119,852
- Depreciation +€217,951
up €217,951 (+2601.8%), from €8,377 to €226,328
- Gross operating margin +€48,655
up €48,655 (+68.4%), from €71,150 to €119,804
- Financial income +€15,465
up €15,465 (+993.3%), from €1,557 to €17,022
- Taxes -€15,249
down €15,249 (-98.5%), from €15,477 to €229
- Financial charges +€14,838
up €14,838 (+4202.3%), from €353 to €15,191
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 | €237,012 | €1,714,761 | +€1.5m | +623.5% |
| Fixed assets | 21/28 | €12,838 | €1,612,657 | +€1.6m | +12461.3% |
| Tangible fixed assets | 22/27 | €12,838 | €1,612,657 | +€1.6m | +12461.3% |
| Land and buildings | 22 | - | €1,607,656 | +€1.6m | |
| Furniture and vehicles | 24 | €9,950 | €2,751 | -€7,199 | -72.3% |
| Other tangible fixed assets | 26 | €2,888 | €2,250 | -€638 | -22.1% |
| Current assets | 29/58 | €224,174 | €102,104 | -€122,070 | -54.5% |
| Amounts receivable within one year | 40/41 | €2,724 | €53,673 | +€50,949 | +1870.4% |
| Trade receivables | 40 | €0 | €25,750 | +€25,750 | |
| Other amounts receivable | 41 | €2,724 | €27,923 | +€25,199 | +925.1% |
| Current investments | 50/53 | €57,887 | €0 | -€57,887 | -100.0% |
| Cash at bank and in hand | 54/58 | €163,054 | €46,295 | -€116,759 | -71.6% |
| Deferred charges and accrued income | 490/1 | €508 | €2,135 | +€1,627 | +320.3% |
| Total equity and liabilities | 10/49 | €237,012 | €1,714,761 | +€1.5m | +623.5% |
| Equity | 10/15 | €200,172 | €94,470 | -€105,701 | -52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,572 | €75,870 | -€105,701 | -58.2% |
| Distributable reserves | 133 | €181,572 | €75,870 | -€105,701 | -58.2% |
| Amounts payable | 17/49 | €36,841 | €1,620,290 | +€1.6m | +4298.1% |
| Amounts payable after more than one year | 17 | €1,434 | €1,211,006 | +€1.2m | +84334.2% |
| Financial debts | 170/4 | €1,434 | €1,211,006 | +€1.2m | +84334.2% |
| Amounts payable within one year | 42/48 | €35,365 | €403,041 | +€367,676 | +1039.7% |
| Current portion of amounts payable after more than one year | 42 | €5,701 | €271,046 | +€265,345 | +4654.7% |
| Trade debts | 44 | €207 | €2,188 | +€1,981 | +957.4% |
| Suppliers | 440/4 | €207 | €2,188 | +€1,981 | +957.4% |
| Taxes, remuneration and social security | 45 | €11,980 | €9,955 | -€2,025 | -16.9% |
| Taxes | 450/3 | €11,980 | €9,955 | -€2,025 | -16.9% |
| Other amounts payable | 47/48 | €17,477 | €119,852 | +€102,375 | +585.8% |
| Accrued charges and deferred income | 492/3 | €42 | €6,243 | +€6,202 | +14900.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,377 | €226,328 | +€217,951 | +2601.8% |
| Other operating charges | 640/8 | €756 | €779 | +€23 | +3.0% |
| Gross operating margin | 9900 | €71,150 | €119,804 | +€48,655 | +68.4% |
| Operating profit (loss) | 9901 | €62,016 | -€107,303 | -€169,320 | |
| Financial income | 75/76B | €1,557 | €17,022 | +€15,465 | +993.3% |
| Recurring financial income | 75 | €1,557 | €17,022 | +€15,465 | +993.3% |
| Financial charges | 65/66B | €353 | €15,191 | +€14,838 | +4202.3% |
| Recurring financial charges | 65 | €353 | €15,191 | +€14,838 | +4202.3% |
| Profit (loss) for the period before taxes | 9903 | €63,220 | -€105,472 | -€168,693 | |
| Income taxes | 67/77 | €15,477 | €229 | -€15,249 | -98.5% |
| Profit (loss) for the period | 9904 | €47,743 | -€105,701 | -€153,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,743 | -€105,701 | -€153,444 |
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 11 October 2026 via checked.be.