LA CONFLUENCE: 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.
LA CONFLUENCE
Largest movements
- Tangible fixed assets -€12,184
down €12,184 (-29.5%), from €41,348 to €29,165
of which Furniture and vehicles: -€11,315
- Receivables within one year -€4,293
down €4,293 (-87.4%), from €4,911 to €618
- Stocks and contracts +€2,322
up €2,322 (+52.9%), from €4,390 to €6,711
- Profit (loss) carried forward -€11,177
down €11,177 (-19.3%), from -€58,045 to -€69,222
- Trade debts -€1,387
down €1,387 (-26.8%), from €5,168 to €3,781
- Other debts -€1,184
down €1,184 (-1.1%), from €107,598 to €106,414
- Gross operating margin +€1,872
up €1,872 (+130.0%), from €1,439 to €3,311
- Other operating charges +€698
up €698 (+51.8%), from €1,348 to €2,046
- Financial charges -€178
down €178 (-68.7%), from €259 to €81
- Depreciation -€93
down €93 (-0.8%), from €12,277 to €12,184
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 | €60,005 | €46,324 | -€13,681 | -22.8% |
| Fixed assets | 21/28 | €42,348 | €30,165 | -€12,184 | -28.8% |
| Tangible fixed assets | 22/27 | €41,348 | €29,165 | -€12,184 | -29.5% |
| Plant, machinery and equipment | 23 | €605 | €0 | -€605 | -100.0% |
| Furniture and vehicles | 24 | €39,243 | €27,928 | -€11,315 | -28.8% |
| Other tangible fixed assets | 26 | €1,500 | €1,236 | -€264 | -17.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €17,657 | €16,159 | -€1,497 | -8.5% |
| Stocks and contracts in progress | 3 | €4,390 | €6,711 | +€2,322 | +52.9% |
| Stocks | 30/36 | €4,390 | €6,711 | +€2,322 | +52.9% |
| Amounts receivable within one year | 40/41 | €4,911 | €618 | -€4,293 | -87.4% |
| Trade receivables | 40 | €4,911 | €618 | -€4,293 | -87.4% |
| Cash at bank and in hand | 54/58 | €7,778 | €7,925 | +€148 | +1.9% |
| Deferred charges and accrued income | 490/1 | €578 | €905 | +€327 | +56.5% |
| Total equity and liabilities | 10/49 | €60,005 | €46,324 | -€13,681 | -22.8% |
| Equity | 10/15 | -€53,045 | -€64,222 | -€11,177 | -21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,045 | -€69,222 | -€11,177 | -19.3% |
| Amounts payable | 17/49 | €113,050 | €110,546 | -€2,505 | -2.2% |
| Amounts payable within one year | 42/48 | €113,050 | €110,546 | -€2,505 | -2.2% |
| Trade debts | 44 | €5,168 | €3,781 | -€1,387 | -26.8% |
| Suppliers | 440/4 | €5,168 | €3,781 | -€1,387 | -26.8% |
| Taxes, remuneration and social security | 45 | €284 | €351 | +€66 | +23.3% |
| Taxes | 450/3 | €284 | €351 | +€66 | +23.3% |
| Other amounts payable | 47/48 | €107,598 | €106,414 | -€1,184 | -1.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €12,184 | -€93 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,348 | €2,046 | +€698 | +51.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,439 | €3,311 | +€1,872 | +130.0% |
| Operating profit (loss) | 9901 | -€12,186 | -€10,919 | +€1,267 | +10.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €259 | €81 | -€178 | -68.7% |
| Recurring financial charges | 65 | €259 | €81 | -€178 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,445 | -€11,001 | +€1,445 | +11.6% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,619 | -€11,177 | +€1,443 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,619 | -€11,177 | +€1,443 | +11.4% |
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 2 October 2026 via checked.be.