CONQUEST: 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.
CONQUEST
Largest movements
- Receivables within one year +€25,771
up €25,771 (+149.4%), from €17,253 to €43,024
of which Other amounts receivable: +€43,014
- Reserves +€26,196
up €26,196 (+14.9%), from €176,261 to €202,457
of which Distributable reserves: +€26,196
- Financial income +€25,827
up €25,827 (+176778.6%), from €15 to €25,842
- Depreciation -€3,818
no longer reported in 2025 (was €3,818)
- Gross operating margin +€3,684
up €3,684, from -€2,721 to €963
- Other operating charges -€146
down €146 (-21.5%), from €677 to €531
- Financial charges +€75
up €75 (+2500.0%), from €3 to €78
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 | €572,923 | €599,502 | +€26,579 | +4.6% |
| Fixed assets | 21/28 | €508,277 | €505,495 | -€2,783 | -0.5% |
| Tangible fixed assets | 22/27 | €2,783 | - | -€2,783 | |
| Furniture and vehicles | 24 | €2,783 | - | -€2,783 | |
| Financial fixed assets | 28 | €505,495 | €505,495 | = | 0.0% |
| Current assets | 29/58 | €64,646 | €94,007 | +€29,362 | +45.4% |
| Amounts receivable within one year | 40/41 | €17,253 | €43,024 | +€25,771 | +149.4% |
| Trade receivables | 40 | €17,243 | - | -€17,243 | |
| Other amounts receivable | 41 | €11 | €43,024 | +€43,014 | +406943.2% |
| Cash at bank and in hand | 54/58 | €47,075 | €50,949 | +€3,874 | +8.2% |
| Deferred charges and accrued income | 490/1 | €317 | €33 | -€284 | -89.5% |
| Total equity and liabilities | 10/49 | €572,923 | €599,502 | +€26,579 | +4.6% |
| Equity | 10/15 | €566,261 | €592,457 | +€26,196 | +4.6% |
| Contributions | 10/11 | €390,000 | €390,000 | = | 0.0% |
| Capital | 10 | €390,000 | €390,000 | = | 0.0% |
| Issued capital | 100 | €390,000 | €390,000 | = | 0.0% |
| Reserves | 13 | €176,261 | €202,457 | +€26,196 | +14.9% |
| Non-distributable reserves | 130/1 | €39,000 | €39,000 | = | 0.0% |
| Legal reserve | 130 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €137,261 | €163,457 | +€26,196 | +19.1% |
| Amounts payable | 17/49 | €6,662 | €7,045 | +€383 | +5.7% |
| Amounts payable within one year | 42/48 | €6,662 | €7,023 | +€361 | +5.4% |
| Trade debts | 44 | €267 | €314 | +€47 | +17.8% |
| Suppliers | 440/4 | €267 | €314 | +€47 | +17.8% |
| Taxes, remuneration and social security | 45 | €6,396 | €6,709 | +€314 | +4.9% |
| Taxes | 450/3 | €3,406 | €3,575 | +€169 | +5.0% |
| Remuneration and social security | 454/9 | €2,990 | €3,134 | +€145 | +4.8% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Non-recurring operating income | 76A | - | €9,614 | +€9,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,818 | - | -€3,818 | |
| Other operating charges | 640/8 | €677 | €531 | -€146 | -21.5% |
| Gross operating margin | 9900 | -€2,721 | €963 | +€3,684 | |
| Operating profit (loss) | 9901 | -€7,216 | €432 | +€7,648 | |
| Financial income | 75/76B | €15 | €25,842 | +€25,827 | +176778.6% |
| Recurring financial income | 75 | €15 | €25,842 | +€25,827 | +176778.6% |
| Financial charges | 65/66B | €3 | €78 | +€75 | +2500.0% |
| Recurring financial charges | 65 | €3 | €78 | +€75 | +2500.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,204 | €26,196 | +€33,400 | |
| Profit (loss) for the period | 9904 | -€7,204 | €26,196 | +€33,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,204 | €26,196 | +€33,400 |
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 9 October 2026 via checked.be.