Conquestum: 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.
Conquestum
Largest movements
- Current investments +€98,039
up €98,039 (+30.9%), from €316,917 to €414,955
- Cash -€30,740
down €30,740 (-6.2%), from €494,731 to €463,991
mainly Current investments (-€98,039) and Contributions, distributions and other (-€52,747)
- Tangible fixed assets -€17,494
down €17,494 (-26.5%), from €66,054 to €48,560
of which Furniture and vehicles: -€12,354
- Reserves +€104,856
up €104,856 (+14.9%), from €704,797 to €809,653
of which Distributable reserves: +€104,856
- Tax, wage and social debts -€23,780
down €23,780 (-34.0%), from €69,889 to €46,109
of which Taxes: -€27,455
- Debts after one year -€19,164
down €19,164 (-16.3%), from €117,250 to €98,086
- Gross operating margin -€21,990
down €21,990 (-6.5%), from €339,645 to €317,656
- Taxes -€9,107
down €9,107 (-11.5%), from €79,219 to €70,112
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,331,870 | €1,394,799 | +€62,929 | +4.7% |
| Fixed assets | 21/28 | €66,054 | €51,416 | -€14,638 | -22.2% |
| Intangible fixed assets | 21 | - | €2,856 | +€2,856 | |
| Tangible fixed assets | 22/27 | €66,054 | €48,560 | -€17,494 | -26.5% |
| Plant, machinery and equipment | 23 | €20,147 | €15,007 | -€5,140 | -25.5% |
| Furniture and vehicles | 24 | €45,907 | €33,553 | -€12,354 | -26.9% |
| Current assets | 29/58 | €1,265,816 | €1,343,383 | +€77,567 | +6.1% |
| Stocks and contracts in progress | 3 | €441,391 | €447,878 | +€6,486 | +1.5% |
| Stocks | 30/36 | €441,391 | €447,878 | +€6,486 | +1.5% |
| Amounts receivable within one year | 40/41 | €6,556 | €12,749 | +€6,193 | +94.5% |
| Trade receivables | 40 | €6,150 | €12,340 | +€6,190 | +100.6% |
| Other amounts receivable | 41 | €406 | €409 | +€3 | +0.8% |
| Current investments | 50/53 | €316,917 | €414,955 | +€98,039 | +30.9% |
| Cash at bank and in hand | 54/58 | €494,731 | €463,991 | -€30,740 | -6.2% |
| Deferred charges and accrued income | 490/1 | €6,220 | €3,810 | -€2,411 | -38.8% |
| Total equity and liabilities | 10/49 | €1,331,870 | €1,394,799 | +€62,929 | +4.7% |
| Equity | 10/15 | €964,345 | €1,069,201 | +€104,856 | +10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €704,797 | €809,653 | +€104,856 | +14.9% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €667,297 | €772,153 | +€104,856 | +15.7% |
| Profit (loss) carried forward | 14 | €239,548 | €239,548 | = | 0.0% |
| Amounts payable | 17/49 | €367,525 | €325,598 | -€41,927 | -11.4% |
| Amounts payable after more than one year | 17 | €117,250 | €98,086 | -€19,164 | -16.3% |
| Financial debts | 170/4 | €117,250 | €98,086 | -€19,164 | -16.3% |
| Amounts payable within one year | 42/48 | €200,445 | €172,652 | -€27,792 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €18,832 | €19,164 | +€332 | +1.8% |
| Trade debts | 44 | €14,523 | €20,274 | +€5,750 | +39.6% |
| Suppliers | 440/4 | €14,523 | €20,274 | +€5,750 | +39.6% |
| Advances received on contracts in progress | 46 | - | €14 | +€14 | |
| Taxes, remuneration and social security | 45 | €69,889 | €46,109 | -€23,780 | -34.0% |
| Taxes | 450/3 | €62,591 | €35,136 | -€27,455 | -43.9% |
| Remuneration and social security | 454/9 | €7,298 | €10,973 | +€3,675 | +50.4% |
| Other amounts payable | 47/48 | €97,200 | €87,091 | -€10,109 | -10.4% |
| Accrued charges and deferred income | 492/3 | €49,830 | €54,860 | +€5,030 | +10.1% |
| Remuneration, social security and pensions | 62 | €72,011 | €74,420 | +€2,409 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,006 | €21,038 | -€968 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,350 | €12,929 | -€421 | -3.2% |
| Other operating charges | 640/8 | €1,351 | €1,428 | +€78 | +5.8% |
| Gross operating margin | 9900 | €339,645 | €317,656 | -€21,990 | -6.5% |
| Operating profit (loss) | 9901 | €230,927 | €207,840 | -€23,087 | -10.0% |
| Financial income | 75/76B | €32,348 | €30,114 | -€2,234 | -6.9% |
| Recurring financial income | 75 | €32,348 | €30,114 | -€2,234 | -6.9% |
| Financial charges | 65/66B | €9,081 | €10,239 | +€1,157 | +12.7% |
| Recurring financial charges | 65 | €9,081 | €10,239 | +€1,157 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €254,194 | €227,715 | -€26,478 | -10.4% |
| Income taxes | 67/77 | €79,219 | €70,112 | -€9,107 | -11.5% |
| Profit (loss) for the period | 9904 | €174,974 | €157,603 | -€17,371 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,974 | €157,603 | -€17,371 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.