QONNEX: 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.
QONNEX
Largest movements
- Cash +€57,217
up €57,217 (+45.0%), from €127,082 to €184,299
mainly Net result for the year (+€15,727) and Other debts (+€11,348)
- Tangible fixed assets -€18,472
down €18,472 (-48.5%), from €38,054 to €19,582
of which Furniture and vehicles: -€18,458
- Receivables within one year -€6,897
down €6,897 (-27.5%), from €25,075 to €18,178
of which Other amounts receivable: -€8,582
- Stocks and contracts -€5,873
down €5,873 (-4.5%), from €129,491 to €123,618
- Reserves +€15,727
up €15,727 (+8.4%), from €187,874 to €203,601
- Other debts +€11,348
up €11,348 (+36.1%), from €31,410 to €42,758
- Current portion of long-term debt -€3,829
no longer reported in 2025 (was €3,829)
- Staff costs -€2,887
down €2,887 (-33.7%), from €8,569 to €5,682
- Depreciation -€1,422
down €1,422 (-14.5%), from €9,806 to €8,384
- Financial charges +€792
up €792 (+50.4%), from €1,569 to €2,361
- Other operating charges +€566
up €566 (+33.3%), from €1,699 to €2,265
- Gross operating margin +€522
up €522 (+1.2%), from €44,256 to €44,778
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 | €324,059 | €349,391 | +€25,332 | +7.8% |
| Fixed assets | 21/28 | €40,939 | €22,467 | -€18,472 | -45.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €38,054 | €19,582 | -€18,472 | -48.5% |
| Plant, machinery and equipment | 23 | €2,653 | €2,639 | -€14 | -0.5% |
| Furniture and vehicles | 24 | €35,401 | €16,942 | -€18,458 | -52.1% |
| Financial fixed assets | 28 | €2,885 | €2,885 | = | 0.0% |
| Current assets | 29/58 | €283,120 | €326,924 | +€43,804 | +15.5% |
| Stocks and contracts in progress | 3 | €129,491 | €123,618 | -€5,873 | -4.5% |
| Stocks | 30/36 | €129,491 | €123,618 | -€5,873 | -4.5% |
| Amounts receivable within one year | 40/41 | €25,075 | €18,178 | -€6,897 | -27.5% |
| Trade receivables | 40 | €16,493 | €18,178 | +€1,685 | +10.2% |
| Other amounts receivable | 41 | €8,582 | - | -€8,582 | |
| Cash at bank and in hand | 54/58 | €127,082 | €184,299 | +€57,217 | +45.0% |
| Deferred charges and accrued income | 490/1 | €1,472 | €830 | -€642 | -43.6% |
| Total equity and liabilities | 10/49 | €324,059 | €349,391 | +€25,332 | +7.8% |
| Equity | 10/15 | €273,892 | €289,620 | +€15,727 | +5.7% |
| Contributions | 10/11 | €46,400 | €46,400 | = | 0.0% |
| Reserves | 13 | €187,874 | €203,601 | +€15,727 | +8.4% |
| Distributable reserves | 133 | €187,874 | €203,601 | +€15,727 | +8.4% |
| Profit (loss) carried forward | 14 | €39,618 | €39,618 | = | 0.0% |
| Amounts payable | 17/49 | €50,167 | €59,771 | +€9,605 | +19.1% |
| Amounts payable within one year | 42/48 | €50,167 | €59,771 | +€9,605 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €3,829 | - | -€3,829 | |
| Trade debts | 44 | €3,089 | €4,392 | +€1,303 | +42.2% |
| Suppliers | 440/4 | €3,089 | €4,392 | +€1,303 | +42.2% |
| Taxes, remuneration and social security | 45 | €11,840 | €12,622 | +€782 | +6.6% |
| Taxes | 450/3 | €6,999 | €7,674 | +€676 | +9.7% |
| Remuneration and social security | 454/9 | €4,841 | €4,947 | +€107 | +2.2% |
| Other amounts payable | 47/48 | €31,410 | €42,758 | +€11,348 | +36.1% |
| Remuneration, social security and pensions | 62 | €8,569 | €5,682 | -€2,887 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,806 | €8,384 | -€1,422 | -14.5% |
| Other operating charges | 640/8 | €1,699 | €2,265 | +€566 | +33.3% |
| Non-recurring operating charges | 66A | - | €876 | +€876 | |
| Gross operating margin | 9900 | €44,256 | €44,778 | +€522 | +1.2% |
| Operating profit (loss) | 9901 | €24,183 | €27,571 | +€3,389 | +14.0% |
| Financial income | 75/76B | €5 | €201 | +€196 | +3,629% |
| Recurring financial income | 75 | €5 | €201 | +€196 | +3,629% |
| Financial charges | 65/66B | €1,569 | €2,361 | +€792 | +50.4% |
| Recurring financial charges | 65 | €1,569 | €2,361 | +€792 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €22,619 | €25,411 | +€2,793 | +12.3% |
| Income taxes | 67/77 | €9,971 | €9,684 | -€287 | -2.9% |
| Profit (loss) for the period | 9904 | €12,647 | €15,727 | +€3,080 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,647 | €15,727 | +€3,080 | +24.4% |
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.