conoX: 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.
conoX
Largest movements
- Cash +€47,327
up €47,327 (+43.1%), from €109,898 to €157,224
mainly Net result for the year (+€103,894) and Receivables within one year (+€37,382)
- Receivables within one year -€37,382
down €37,382 (-87.5%), from €42,740 to €5,358
of which Trade receivables: -€27,703
- Current investments +€23,999
up €23,999 (+32.4%), from €73,999 to €97,998
- Reserves +€60,144
up €60,144 (+34.1%), from €176,426 to €236,570
- Trade debts -€28,596
down €28,596 (-93.3%), from €30,649 to €2,053
- Gross operating margin +€18,313
up €18,313 (+14.4%), from €126,930 to €145,243
- Taxes +€14,049
up €14,049 (+55.0%), from €25,548 to €39,597
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 | €228,193 | €262,858 | +€34,665 | +15.2% |
| Fixed assets | 21/28 | €1,556 | €2,278 | +€721 | +46.4% |
| Tangible fixed assets | 22/27 | €1,556 | €2,278 | +€721 | +46.4% |
| Plant, machinery and equipment | 23 | €1,556 | €2,278 | +€721 | +46.4% |
| Current assets | 29/58 | €226,637 | €260,581 | +€33,944 | +15.0% |
| Amounts receivable within one year | 40/41 | €42,740 | €5,358 | -€37,382 | -87.5% |
| Trade receivables | 40 | €30,728 | €3,025 | -€27,703 | -90.2% |
| Other amounts receivable | 41 | €12,012 | €2,333 | -€9,679 | -80.6% |
| Current investments | 50/53 | €73,999 | €97,998 | +€23,999 | +32.4% |
| Cash at bank and in hand | 54/58 | €109,898 | €157,224 | +€47,327 | +43.1% |
| Total equity and liabilities | 10/49 | €228,193 | €262,858 | +€34,665 | +15.2% |
| Equity | 10/15 | €181,426 | €241,570 | +€60,144 | +33.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €176,426 | €236,570 | +€60,144 | +34.1% |
| Distributable reserves | 133 | €176,426 | €236,570 | +€60,144 | +34.1% |
| Amounts payable | 17/49 | €46,767 | €21,289 | -€25,478 | -54.5% |
| Amounts payable within one year | 42/48 | €46,767 | €21,289 | -€25,478 | -54.5% |
| Financial debts | 43 | €491 | €818 | +€327 | +66.5% |
| Credit institutions | 430/8 | €491 | €818 | +€327 | +66.5% |
| Trade debts | 44 | €30,649 | €2,053 | -€28,596 | -93.3% |
| Suppliers | 440/4 | €30,649 | €2,053 | -€28,596 | -93.3% |
| Taxes, remuneration and social security | 45 | €13,316 | €13,776 | +€460 | +3.5% |
| Taxes | 450/3 | €13,316 | €13,776 | +€460 | +3.5% |
| Other amounts payable | 47/48 | €2,311 | €4,642 | +€2,331 | +100.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €2,545 | +€1,373 | +117.2% |
| Gross operating margin | 9900 | €126,930 | €145,243 | +€18,313 | +14.4% |
| Operating profit (loss) | 9901 | €125,758 | €142,699 | +€16,940 | +13.5% |
| Financial income | 75/76B | €126 | €1,552 | +€1,426 | +1133.4% |
| Recurring financial income | 75 | €126 | €1,552 | +€1,426 | +1133.4% |
| Financial charges | 65/66B | €924 | €760 | -€164 | -17.8% |
| Recurring financial charges | 65 | €924 | €760 | -€164 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €124,960 | €143,491 | +€18,531 | +14.8% |
| Income taxes | 67/77 | €25,548 | €39,597 | +€14,049 | +55.0% |
| Profit (loss) for the period | 9904 | €99,411 | €103,894 | +€4,482 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,411 | €103,894 | +€4,482 | +4.5% |
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 7 October 2026 via checked.be.