CONPAPAS NV: 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.
CONPAPAS NV
Largest movements
- Receivables within one year +€5.9m
up €5.9m (+282.0%), from €2.1m to €8.0m
of which Other amounts receivable: +€5.4m
- Financial fixed assets -€2.3m
down €2.3m (-10.4%), from €21.8m to €19.5m
- Other debts +€3.4m
up €3.4m (+112.9%), from €3.0m to €6.3m
- Debts after one year -€650,000
no longer reported in 2025 (was €650,000)
- Trade debts +€623,109
up €623,109 (+222.9%), from €279,591 to €902,701
- Profit (loss) carried forward +€352,002
up €352,002 (+19.0%), from €1.9m to €2.2m
- Financial income +€2.7m
up €2.7m (+1705.0%), from €156,917 to €2.8m
of which Non-recurring financial income: +€2.6m
- Financial charges +€1.5m
up €1.5m (+1044.0%), from €143,672 to €1.6m
of which Non-recurring financial charges: +€1.4m
- Turnover -€1.4m
down €1.4m (-28.5%), from €4.8m to €3.4m
- Services and other goods -€327,832
down €327,832 (-12.5%), from €2.6m to €2.3m
- Taxes -€259,625
down €259,625 (-52.2%), from €497,723 to €238,098
of which Taxes: -€260,100
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 | €24,001,511 | €27,748,688 | +€3.7m | +15.6% |
| Fixed assets | 21/28 | €21,780,687 | €19,505,005 | -€2.3m | -10.4% |
| Financial fixed assets | 28 | €21,780,687 | €19,505,005 | -€2.3m | -10.4% |
| Affiliated companies | 280/1 | €21,780,687 | €19,505,005 | -€2.3m | -10.4% |
| Participating interests | 280 | €18,280,687 | €19,505,005 | +€1.2m | +6.7% |
| Amounts receivable | 281 | €3,500,000 | - | -€3.5m | |
| Current assets | 29/58 | €2,220,824 | €8,243,683 | +€6.0m | +271.2% |
| Amounts receivable within one year | 40/41 | €2,099,982 | €8,021,131 | +€5.9m | +282.0% |
| Trade receivables | 40 | €20,801 | €544,186 | +€523,386 | +2516.2% |
| Other amounts receivable | 41 | €2,079,181 | €7,476,945 | +€5.4m | +259.6% |
| Cash at bank and in hand | 54/58 | €99,520 | €201,371 | +€101,851 | +102.3% |
| Deferred charges and accrued income | 490/1 | €21,322 | €21,181 | -€141 | -0.7% |
| Total equity and liabilities | 10/49 | €24,001,511 | €27,748,688 | +€3.7m | +15.6% |
| Equity | 10/15 | €19,397,293 | €19,846,795 | +€449,502 | +2.3% |
| Contributions | 10/11 | €17,400,000 | €17,400,000 | = | 0.0% |
| Capital | 10 | €17,400,000 | €17,400,000 | = | 0.0% |
| Issued capital | 100 | €17,400,000 | €17,400,000 | = | 0.0% |
| Reserves | 13 | €141,100 | €238,600 | +€97,500 | +69.1% |
| Non-distributable reserves | 130/1 | €141,100 | €238,600 | +€97,500 | +69.1% |
| Legal reserve | 130 | €141,100 | €238,600 | +€97,500 | +69.1% |
| Profit (loss) carried forward | 14 | €1,856,193 | €2,208,195 | +€352,002 | +19.0% |
| Amounts payable | 17/49 | €4,604,218 | €7,901,893 | +€3.3m | +71.6% |
| Amounts payable after more than one year | 17 | €650,000 | - | -€650,000 | |
| Financial debts | 170/4 | €650,000 | - | -€650,000 | |
| Credit institutions | 173 | €650,000 | - | -€650,000 | |
| Amounts payable within one year | 42/48 | €3,949,148 | €7,896,823 | +€3.9m | +100.0% |
| Current portion of amounts payable after more than one year | 42 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €279,591 | €902,701 | +€623,109 | +222.9% |
| Suppliers | 440/4 | €279,591 | €902,701 | +€623,109 | +222.9% |
| Taxes, remuneration and social security | 45 | €45,284 | €12,552 | -€32,731 | -72.3% |
| Taxes | 450/3 | €23,166 | €12,552 | -€10,613 | -45.8% |
| Remuneration and social security | 454/9 | €22,118 | - | -€22,118 | |
| Other amounts payable | 47/48 | €2,974,273 | €6,331,570 | +€3.4m | +112.9% |
| Accrued charges and deferred income | 492/3 | €5,070 | €5,070 | = | 0.0% |
| Operating income | 70/76A | €4,772,394 | €3,410,930 | -€1.4m | -28.5% |
| Turnover | 70 | €4,772,200 | €3,410,800 | -€1.4m | -28.5% |
| Other operating income | 74 | €194 | €130 | -€64 | -32.9% |
| Operating charges | 60/66A | €2,828,728 | €2,412,156 | -€416,572 | -14.7% |
| Services and other goods | 61 | €2,614,136 | €2,286,303 | -€327,832 | -12.5% |
| Remuneration, social security and pensions | 62 | €214,475 | €125,727 | -€88,748 | -41.4% |
| Other operating charges | 640/8 | €118 | €127 | +€9 | +7.3% |
| Operating profit (loss) | 9901 | €1,943,666 | €998,774 | -€944,892 | -48.6% |
| Financial income | 75/76B | €156,917 | €2,832,408 | +€2.7m | +1705.0% |
| Recurring financial income | 75 | €156,917 | €208,090 | +€51,174 | +32.6% |
| Income from financial fixed assets | 750 | €140,000 | - | -€140,000 | |
| Income from current assets | 751 | €16,917 | €208,090 | +€191,173 | +1130.1% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €2,624,318 | +€2.6m | |
| Financial charges | 65/66B | €143,672 | €1,643,582 | +€1.5m | +1044.0% |
| Recurring financial charges | 65 | €143,672 | €243,582 | +€99,910 | +69.5% |
| Debt charges | 650 | €135,563 | €242,408 | +€106,845 | +78.8% |
| Other financial charges | 652/9 | €8,109 | €1,174 | -€6,935 | -85.5% |
| Non-recurring financial charges | 66B | - | €1,400,000 | +€1.4m | |
| Profit (loss) for the period before taxes | 9903 | €1,956,911 | €2,187,600 | +€230,689 | +11.8% |
| Income taxes | 67/77 | €497,723 | €238,098 | -€259,625 | -52.2% |
| Taxes | 670/3 | €499,100 | €239,000 | -€260,100 | -52.1% |
| Tax adjustments and reversals of tax provisions | 77 | €1,377 | €902 | -€475 | -34.5% |
| Profit (loss) for the period | 9904 | €1,459,188 | €1,949,502 | +€490,314 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,459,188 | €1,949,502 | +€490,314 | +33.6% |
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 12 October 2026 via checked.be.