KONAX: 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.
KONAX
Largest movements
- Cash +€136,383
up €136,383 (+168.2%), from €81,069 to €217,452
mainly Net result for the year (+€112,649) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-22.2%), from €450,000 to €350,000
- Stocks and contracts +€91,199
up €91,199 (+32.5%), from €280,317 to €371,516
- Tangible fixed assets -€21,312
down €21,312 (-15.4%), from €138,636 to €117,324
of which Plant, machinery and equipment: -€21,738
- Receivables within one year +€16,678
up €16,678 (+5.0%), from €331,001 to €347,679
of which Other amounts receivable: +€16,173
- Reserves +€112,649
up €112,649 (+26.5%), from €424,742 to €537,392
- Tax, wage and social debts +€58,877
up €58,877 (+114.7%), from €51,318 to €110,195
of which Taxes: +€38,850
- Debts after one year -€18,427
down €18,427 (-29.2%), from €63,004 to €44,578
- Trade debts -€15,286
down €15,286 (-20.2%), from €75,815 to €60,529
- Gross operating margin +€178,739
up €178,739 (+43.4%), from €411,811 to €590,549
- Staff costs +€91,767
up €91,767 (+31.3%), from €293,027 to €384,794
- Taxes +€20,150
up €20,150 (+211.5%), from €9,526 to €29,676
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 | €1,314,375 | €1,452,862 | +€138,487 | +10.5% |
| Fixed assets | 21/28 | €168,900 | €163,668 | -€5,232 | -3.1% |
| Intangible fixed assets | 21 | €20,653 | €36,733 | +€16,081 | +77.9% |
| Tangible fixed assets | 22/27 | €138,636 | €117,324 | -€21,312 | -15.4% |
| Land and buildings | 22 | €8,713 | €7,696 | -€1,017 | -11.7% |
| Plant, machinery and equipment | 23 | €86,152 | €64,414 | -€21,738 | -25.2% |
| Furniture and vehicles | 24 | €43,771 | €45,213 | +€1,443 | +3.3% |
| Financial fixed assets | 28 | €9,611 | €9,611 | = | 0.0% |
| Current assets | 29/58 | €1,145,475 | €1,289,194 | +€143,719 | +12.5% |
| Stocks and contracts in progress | 3 | €280,317 | €371,516 | +€91,199 | +32.5% |
| Stocks | 30/36 | €280,317 | €371,516 | +€91,199 | +32.5% |
| Amounts receivable within one year | 40/41 | €331,001 | €347,679 | +€16,678 | +5.0% |
| Trade receivables | 40 | €330,075 | €330,579 | +€505 | +0.2% |
| Other amounts receivable | 41 | €926 | €17,100 | +€16,173 | +1745.8% |
| Current investments | 50/53 | €450,000 | €350,000 | -€100,000 | -22.2% |
| Cash at bank and in hand | 54/58 | €81,069 | €217,452 | +€136,383 | +168.2% |
| Deferred charges and accrued income | 490/1 | €3,088 | €2,547 | -€542 | -17.5% |
| Total equity and liabilities | 10/49 | €1,314,375 | €1,452,862 | +€138,487 | +10.5% |
| Equity | 10/15 | €969,167 | €1,081,816 | +€112,649 | +11.6% |
| Contributions | 10/11 | €544,424 | €544,424 | = | 0.0% |
| Reserves | 13 | €424,742 | €537,392 | +€112,649 | +26.5% |
| Distributable reserves | 133 | €424,742 | €537,392 | +€112,649 | +26.5% |
| Provisions and deferred taxes | 16 | €140,000 | €140,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €140,000 | €140,000 | = | 0.0% |
| Environmental obligations | 163 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable | 17/49 | €205,208 | €231,046 | +€25,838 | +12.6% |
| Amounts payable after more than one year | 17 | €63,004 | €44,578 | -€18,427 | -29.2% |
| Financial debts | 170/4 | €63,004 | €44,578 | -€18,427 | -29.2% |
| Amounts payable within one year | 42/48 | €142,204 | €186,468 | +€44,264 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €15,070 | €15,744 | +€673 | +4.5% |
| Trade debts | 44 | €75,815 | €60,529 | -€15,286 | -20.2% |
| Suppliers | 440/4 | €75,815 | €60,529 | -€15,286 | -20.2% |
| Taxes, remuneration and social security | 45 | €51,318 | €110,195 | +€58,877 | +114.7% |
| Taxes | 450/3 | €15,631 | €54,481 | +€38,850 | +248.5% |
| Remuneration and social security | 454/9 | €35,687 | €55,714 | +€20,027 | +56.1% |
| Remuneration, social security and pensions | 62 | €293,027 | €384,794 | +€91,767 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,816 | €54,110 | +€5,295 | +10.8% |
| Other operating charges | 640/8 | €4,953 | €6,115 | +€1,162 | +23.5% |
| Non-recurring operating charges | 66A | €163 | - | -€163 | |
| Gross operating margin | 9900 | €411,811 | €590,549 | +€178,739 | +43.4% |
| Operating profit (loss) | 9901 | €64,853 | €145,530 | +€80,677 | +124.4% |
| Financial income | 75/76B | €7,348 | €2,937 | -€4,411 | -60.0% |
| Recurring financial income | 75 | €7,348 | €2,937 | -€4,411 | -60.0% |
| Financial charges | 65/66B | €3,589 | €6,142 | +€2,553 | +71.1% |
| Recurring financial charges | 65 | €3,589 | €6,142 | +€2,553 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €68,611 | €142,325 | +€73,713 | +107.4% |
| Income taxes | 67/77 | €9,526 | €29,676 | +€20,150 | +211.5% |
| Profit (loss) for the period | 9904 | €59,086 | €112,649 | +€53,564 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,086 | €112,649 | +€53,564 | +90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.