CONREN: 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.
CONREN
Largest movements
- Receivables within one year -€119,587
down €119,587 (-58.8%), from €203,243 to €83,656
of which Other amounts receivable: -€145,353
- Tangible fixed assets -€40,407
down €40,407 (-13.3%), from €302,997 to €262,590
of which Land and buildings: -€40,407
- Cash +€39,789
up €39,789 (+734%), from €5,424 to €45,212
mainly Receivables within one year (+€119,587) and Depreciation (+€40,407)
- Current portion of long-term debt -€52,015
down €52,015 (-64.3%), from €80,834 to €28,819
- Debts after one year -€29,332
down €29,332 (-14.7%), from €199,952 to €170,620
- Other debts -€14,821
down €14,821 (-8.6%), from €172,263 to €157,442
- Reserves -€12,800
down €12,800 (-20.9%), from €61,246 to €48,446
of which Tax-exempt reserves: -€12,800
- Tax, wage and social debts -€12,099
down €12,099 (-98.8%), from €12,250 to €151
- Gross operating margin +€29,721
up €29,721 (+176%), from €16,899 to €46,620
- Financial charges -€4,527
down €4,527 (-39.3%), from €11,524 to €6,996
- Other operating charges -€2,507
down €2,507 (-32.4%), from €7,737 to €5,230
- Depreciation -€819
down €819 (-2.0%), from €41,226 to €40,407
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.
Derived cash bridge
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 | €511,664 | €391,458 | -€120,205 | -23.5% |
| Fixed assets | 21/28 | €302,997 | €262,590 | -€40,407 | -13.3% |
| Tangible fixed assets | 22/27 | €302,997 | €262,590 | -€40,407 | -13.3% |
| Land and buildings | 22 | €302,997 | €262,590 | -€40,407 | -13.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €208,666 | €128,868 | -€79,798 | -38.2% |
| Amounts receivable within one year | 40/41 | €203,243 | €83,656 | -€119,587 | -58.8% |
| Trade receivables | 40 | €0 | €25,767 | +€25,767 | |
| Other amounts receivable | 41 | €203,243 | €57,889 | -€145,353 | -71.5% |
| Cash at bank and in hand | 54/58 | €5,424 | €45,212 | +€39,789 | +734% |
| Total equity and liabilities | 10/49 | €511,664 | €391,458 | -€120,205 | -23.5% |
| Equity | 10/15 | €40,516 | €34,374 | -€6,142 | -15.2% |
| Contributions | 10/11 | €22,857 | €22,857 | = | 0.0% |
| Reserves | 13 | €61,246 | €48,446 | -€12,800 | -20.9% |
| Tax-exempt reserves | 132 | €12,800 | - | -€12,800 | |
| Distributable reserves | 133 | €48,446 | €48,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,587 | -€36,929 | +€6,658 | +15.3% |
| Amounts payable | 17/49 | €471,147 | €357,084 | -€114,063 | -24.2% |
| Amounts payable after more than one year | 17 | €199,952 | €170,620 | -€29,332 | -14.7% |
| Financial debts | 170/4 | €199,952 | €170,620 | -€29,332 | -14.7% |
| Amounts payable within one year | 42/48 | €271,195 | €186,464 | -€84,731 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €80,834 | €28,819 | -€52,015 | -64.3% |
| Trade debts | 44 | €5,848 | €52 | -€5,796 | -99.1% |
| Suppliers | 440/4 | €5,848 | €52 | -€5,796 | -99.1% |
| Taxes, remuneration and social security | 45 | €12,250 | €151 | -€12,099 | -98.8% |
| Taxes | 450/3 | €12,250 | €151 | -€12,099 | -98.8% |
| Other amounts payable | 47/48 | €172,263 | €157,442 | -€14,821 | -8.6% |
| Non-recurring operating income | 76A | €11,983 | - | -€11,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,226 | €40,407 | -€819 | -2.0% |
| Other operating charges | 640/8 | €7,737 | €5,230 | -€2,507 | -32.4% |
| Gross operating margin | 9900 | €16,899 | €46,620 | +€29,721 | +176% |
| Operating profit (loss) | 9901 | -€32,063 | €984 | +€33,047 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,524 | €6,996 | -€4,527 | -39.3% |
| Recurring financial charges | 65 | €11,524 | €6,996 | -€4,527 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,587 | -€6,013 | +€37,574 | +86.2% |
| Income taxes | 67/77 | - | €129 | +€129 | |
| Profit (loss) for the period | 9904 | -€43,587 | -€6,142 | +€37,445 | +85.9% |
| Transfer from tax-exempt reserves | 789 | - | €12,800 | +€12,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,587 | €6,658 | +€50,245 |
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 20 October 2026 via checked.be.