K. Coninx: 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.
K. Coninx
Largest movements
- Receivables within one year +€528,929
up €528,929 (+121.2%), from €436,523 to €965,452
of which Other amounts receivable: +€273,643
- Cash -€311,060
down €311,060 (-75.3%), from €413,175 to €102,115
mainly Receivables within one year (-€528,929) and Contributions, distributions and other (-€275,000)
- Current investments +€115,737
up €115,737 (+65.5%), from €176,585 to €292,322
- Reserves +€530,000
up €530,000 (+193.5%), from €273,967 to €803,967
of which Distributable reserves: +€530,000
- Profit (loss) carried forward -€255,011
down €255,011 (-39.0%), from €653,085 to €398,074
- Tax, wage and social debts +€58,616
up €58,616 (+97.8%), from €59,908 to €118,524
- Gross operating margin +€365,594
up €365,594 (+94.9%), from €385,088 to €750,682
- Taxes +€116,983
up €116,983 (+97.4%), from €120,071 to €237,054
- Financial income +€33,332
up €33,332 (+687.6%), from €4,848 to €38,180
of which Non-recurring financial income: +€31,128
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 | €1,126,284 | €1,459,889 | +€333,605 | +29.6% |
| Current assets | 29/58 | €1,126,284 | €1,459,889 | +€333,605 | +29.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €436,523 | €965,452 | +€528,929 | +121.2% |
| Trade receivables | 40 | €427,022 | €682,307 | +€255,285 | +59.8% |
| Other amounts receivable | 41 | €9,502 | €283,145 | +€273,643 | +2879.9% |
| Current investments | 50/53 | €176,585 | €292,322 | +€115,737 | +65.5% |
| Cash at bank and in hand | 54/58 | €413,175 | €102,115 | -€311,060 | -75.3% |
| Total equity and liabilities | 10/49 | €1,126,284 | €1,459,889 | +€333,605 | +29.6% |
| Equity | 10/15 | €995,223 | €1,270,212 | +€274,989 | +27.6% |
| Contributions | 10/11 | €68,171 | €68,171 | +€0 | 0.0% |
| Reserves | 13 | €273,967 | €803,967 | +€530,000 | +193.5% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €2,150 | €2,150 | = | 0.0% |
| Distributable reserves | 133 | €265,000 | €795,000 | +€530,000 | +200.0% |
| Profit (loss) carried forward | 14 | €653,085 | €398,074 | -€255,011 | -39.0% |
| Provisions and deferred taxes | 16 | €70,706 | €70,706 | -€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,706 | €70,706 | -€0 | 0.0% |
| Other liabilities and charges | 164/5 | €70,706 | €70,706 | -€0 | 0.0% |
| Amounts payable | 17/49 | €60,355 | €118,971 | +€58,616 | +97.1% |
| Amounts payable within one year | 42/48 | €60,355 | €118,971 | +€58,616 | +97.1% |
| Trade debts | 44 | €448 | €447 | -€1 | -0.1% |
| Suppliers | 440/4 | €448 | €447 | -€1 | -0.1% |
| Taxes, remuneration and social security | 45 | €59,908 | €118,524 | +€58,616 | +97.8% |
| Taxes | 450/3 | €59,908 | €118,524 | +€58,616 | +97.8% |
| Other operating charges | 640/8 | €1,106 | €1,660 | +€554 | +50.1% |
| Gross operating margin | 9900 | €385,088 | €750,682 | +€365,594 | +94.9% |
| Operating profit (loss) | 9901 | €383,982 | €749,022 | +€365,040 | +95.1% |
| Financial income | 75/76B | €4,848 | €38,180 | +€33,332 | +687.6% |
| Recurring financial income | 75 | €4,848 | €7,052 | +€2,204 | +45.5% |
| Non-recurring financial income | 76B | - | €31,128 | +€31,128 | |
| Financial charges | 65/66B | €72 | €159 | +€88 | +122.4% |
| Recurring financial charges | 65 | €72 | €159 | +€88 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €388,758 | €787,043 | +€398,285 | +102.5% |
| Income taxes | 67/77 | €120,071 | €237,054 | +€116,983 | +97.4% |
| Profit (loss) for the period | 9904 | €268,688 | €549,989 | +€281,301 | +104.7% |
| Profit (loss) for the period to be appropriated | 9905 | €268,688 | €549,989 | +€281,301 | +104.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.