CONXION: 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.
What changed
CONXION
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.7m-€214,018
Equity
€9.4m
2024 · €7.9m+€1.5m
Cash
€5.4m
2024 · €1.6m+€3.8m
Balance sheet total
€44.5m
2024 · €39.3m+€5.1m
Largest movements
Assets
- Financial fixed assets -€4.6m
down €4.6m (-18.0%), from €25.5m to €20.9m
of which Affiliated companies: -€4.6m
- Cash +€3.8m
up €3.8m (+244%), from €1.6m to €5.4m
mainly Trade debts (+€3.7m) and Net result for the year (+€1.5m)
- Receivables within one year +€3.3m
up €3.3m (+43.8%), from €7.6m to €10.9m
of which Trade receivables: +€3.9m
- Intangible fixed assets +€2.2m
up €2.2m (+208%), from €1.0m to €3.2m
- Tangible fixed assets +€644,788
up €644,788 (+25.8%), from €2.5m to €3.1m
of which Land and buildings: +€927,371
Equity and liabilities
- Trade debts +€3.7m
up €3.7m (+67.9%), from €5.5m to €9.2m
- Debts after one year -€2.4m
down €2.4m (-11.1%), from €21.2m to €18.8m
of which Financial debts: -€2.1m
- Reserves +€1.5m
up €1.5m (+19.5%), from €7.8m to €9.4m
of which Distributable reserves: +€1.5m
- Tax, wage and social debts +€1.2m
up €1.2m (+94.5%), from €1.2m to €2.4m
of which Remuneration and social security: +€885,977
Income statement
- Turnover +€15.4m
up €15.4m (+37.0%), from €41.7m to €57.1m
- Goods and materials +€10.9m
up €10.9m (+42.5%), from €25.8m to €36.7m
of which Purchases: +€10.7m
- Services and other goods +€2.3m
up €2.3m (+39.1%), from €5.9m to €8.2m
- Financial charges +€2.0m
up €2.0m (+196%), from €999,577 to €3.0m
of which Non-recurring financial charges: +€2.0m
- Staff costs +€1.7m
up €1.7m (+25.1%), from €6.6m to €8.3m
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.
Result 2024
€1.7m
Turnover
+€15.4m
Other operating income
+€343,891
Goods and materials
-€10.9m
Services and other goods
-€2.3m
Staff costs
-€1.7m
Depreciation
-€437,039
Write-downs
-€85,990
Other operating charges
-€12,589
Other operating items
+€73,576
Financial income
+€1.6m
Financial charges
-€2.0m
Taxes
-€201,211
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.4m
Investment
+€469,089
Financing
-€2.0m
Cash 2024
€1.6m
From operations (derived)
+€5.4m
Net result for the year
+€1.5m
Depreciation
+€1.3m
Stocks and contracts
+€81,664
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€155,123
Trade debts
+€3.7m
Tax, wage and social debts
+€1.2m
Other debts
+€400,000
Accrued charges and deferred income
+€316,042
Investment (derived)
+€469,089
Investment in fixed assets (net)
+€469,089
Financing
-€2.0m
Debts after one year
-€2.4m
Current portion of long-term debt
+€313,471
Short-term financial debts
+€16,266
Cash 2025
€5.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,330,209 | €44,455,581 | +€5.1m | +13.0% |
| Fixed assets | 21/28 | €29,029,813 | €27,265,137 | -€1.8m | -6.1% |
| Intangible fixed assets | 21 | €1,044,788 | €3,213,434 | +€2.2m | +208% |
| Tangible fixed assets | 22/27 | €2,500,997 | €3,145,785 | +€644,788 | +25.8% |
| Land and buildings | 22 | €0 | €927,371 | +€927,371 | |
| Plant, machinery and equipment | 23 | €321,630 | €15,896 | -€305,734 | -95.1% |
| Furniture and vehicles | 24 | €1,692,187 | €1,024,841 | -€667,346 | -39.4% |
| Leasing and similar rights | 25 | €487,180 | €800,711 | +€313,531 | +64.4% |
| Other tangible fixed assets | 26 | - | €376,966 | +€376,966 | |
| Financial fixed assets | 28 | €25,484,027 | €20,905,918 | -€4.6m | -18.0% |
| Affiliated companies | 280/1 | €25,481,455 | €20,904,055 | -€4.6m | -18.0% |
| Participating interests | 280 | €25,481,455 | €20,904,055 | -€4.6m | -18.0% |
| Other financial fixed assets | 284/8 | €2,572 | €1,863 | -€709 | -27.6% |
| Amounts receivable and cash guarantees | 285/8 | €2,572 | €1,863 | -€709 | -27.6% |
| Current assets | 29/58 | €10,300,397 | €17,190,444 | +€6.9m | +66.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €454,736 | €373,072 | -€81,664 | -18.0% |
| Stocks | 30/36 | €454,736 | €373,072 | -€81,664 | -18.0% |
| Goods purchased for resale | 34 | €454,736 | €373,072 | -€81,664 | -18.0% |
| Amounts receivable within one year | 40/41 | €7,601,640 | €10,930,880 | +€3.3m | +43.8% |
| Trade receivables | 40 | €6,899,969 | €10,771,609 | +€3.9m | +56.1% |
| Other amounts receivable | 41 | €701,671 | €159,271 | -€542,400 | -77.3% |
| Cash at bank and in hand | 54/58 | €1,558,910 | €5,356,504 | +€3.8m | +244% |
| Deferred charges and accrued income | 490/1 | €685,111 | €529,987 | -€155,123 | -22.6% |
| Total equity and liabilities | 10/49 | €39,330,209 | €44,455,581 | +€5.1m | +13.0% |
| Equity | 10/15 | €7,864,798 | €9,394,322 | +€1.5m | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,846,198 | €9,375,722 | +€1.5m | +19.5% |
| Tax-exempt reserves | 132 | €1,489 | €25,296 | +€23,807 | +1,599% |
| Distributable reserves | 133 | €7,844,709 | €9,350,425 | +€1.5m | +19.2% |
| Amounts payable | 17/49 | €31,465,411 | €35,061,259 | +€3.6m | +11.4% |
| Amounts payable after more than one year | 17 | €21,191,173 | €18,835,240 | -€2.4m | -11.1% |
| Financial debts | 170/4 | €20,904,845 | €18,835,240 | -€2.1m | -9.9% |
| Subordinated loans | 170 | €1,500,000 | €1,500,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €213,174 | €406,543 | +€193,369 | +90.7% |
| Credit institutions | 173 | €19,191,671 | €16,928,696 | -€2.3m | -11.8% |
| Trade debts | 175 | €286,328 | €0 | -€286,328 | -100% |
| Suppliers | 1750 | €286,328 | €0 | -€286,328 | -100% |
| Amounts payable within one year | 42/48 | €9,613,619 | €15,249,357 | +€5.6m | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €2,598,891 | €2,912,362 | +€313,471 | +12.1% |
| Financial debts | 43 | €173,375 | €189,641 | +€16,266 | +9.4% |
| Credit institutions | 430/8 | €173,375 | €189,641 | +€16,266 | +9.4% |
| Trade debts | 44 | €5,499,701 | €9,232,346 | +€3.7m | +67.9% |
| Suppliers | 440/4 | €5,499,701 | €9,232,346 | +€3.7m | +67.9% |
| Taxes, remuneration and social security | 45 | €1,241,652 | €2,415,008 | +€1.2m | +94.5% |
| Taxes | 450/3 | €166,157 | €453,536 | +€287,379 | +173% |
| Remuneration and social security | 454/9 | €1,075,495 | €1,961,472 | +€885,977 | +82.4% |
| Other amounts payable | 47/48 | €100,000 | €500,000 | +€400,000 | +400% |
| Accrued charges and deferred income | 492/3 | €660,620 | €976,662 | +€316,042 | +47.8% |
| Operating income | 70/76A | €42,223,546 | €57,981,675 | +€15.8m | +37.3% |
| Turnover | 70 | €41,709,703 | €57,131,678 | +€15.4m | +37.0% |
| Other operating income | 74 | €498,692 | €842,583 | +€343,891 | +69.0% |
| Non-recurring operating income | 76A | €15,151 | €7,414 | -€7,737 | -51.1% |
| Operating charges | 60/66A | €39,309,474 | €54,685,793 | +€15.4m | +39.1% |
| Goods for resale, raw materials and consumables | 60 | €25,775,725 | €36,718,894 | +€10.9m | +42.5% |
| Purchases | 600/8 | €25,971,364 | €36,637,230 | +€10.7m | +41.1% |
| Change in stocks: decrease (increase) | 609 | -€195,639 | €81,664 | +€277,303 | |
| Services and other goods | 61 | €5,916,591 | €8,229,775 | +€2.3m | +39.1% |
| Remuneration, social security and pensions | 62 | €6,634,854 | €8,300,515 | +€1.7m | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858,548 | €1,295,587 | +€437,039 | +50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,203 | €87,194 | +€85,990 | +7,145% |
| Other operating charges | 640/8 | €41,240 | €53,830 | +€12,589 | +30.5% |
| Non-recurring operating charges | 66A | €81,314 | €0 | -€81,314 | -100% |
| Operating profit (loss) | 9901 | €2,914,073 | €3,295,882 | +€381,809 | +13.1% |
| Financial income | 75/76B | €454,192 | €2,022,233 | +€1.6m | +345% |
| Recurring financial income | 75 | €454,192 | €2,022,233 | +€1.6m | +345% |
| Income from financial fixed assets | 750 | €400,000 | €2,003,459 | +€1.6m | +401% |
| Income from current assets | 751 | €52,977 | €11,654 | -€41,324 | -78.0% |
| Other financial income | 752/9 | €1,214 | €7,120 | +€5,906 | +486% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €999,577 | €2,962,235 | +€2.0m | +196% |
| Recurring financial charges | 65 | €999,577 | €962,235 | -€37,342 | -3.7% |
| Debt charges | 650 | €974,639 | €941,056 | -€33,583 | -3.4% |
| Other financial charges | 652/9 | €24,938 | €21,180 | -€3,758 | -15.1% |
| Non-recurring financial charges | 66B | - | €2,000,000 | +€2.0m | |
| Profit (loss) for the period before taxes | 9903 | €2,368,687 | €2,355,879 | -€12,808 | -0.5% |
| Income taxes | 67/77 | €625,145 | €826,356 | +€201,211 | +32.2% |
| Taxes | 670/3 | €631,673 | €826,448 | +€194,776 | +30.8% |
| Tax adjustments and reversals of tax provisions | 77 | €6,527 | €93 | -€6,435 | -98.6% |
| Profit (loss) for the period | 9904 | €1,743,542 | €1,529,524 | -€214,018 | -12.3% |
| Transfer from tax-exempt reserves | 789 | €234,082 | €126,300 | -€107,782 | -46.0% |
| Transfer to tax-exempt reserves | 689 | - | €150,107 | +€150,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,977,624 | €1,505,716 | -€471,908 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.