Confini: what changed
Confini
Largest movements
- Cash -€64,939
down €64,939 (-41.7%), from €155,769 to €90,830
mainly Contributions, distributions and other (-€301,295) and Tax, wage and social debts (-€43,026)
- Tangible fixed assets -€17,612
down €17,612 (-5.9%), from €298,891 to €281,279
of which Furniture and vehicles: -€18,630
- Receivables within one year -€6,262
down €6,262 (-14.2%), from €44,174 to €37,912
of which Other amounts receivable: -€18,824
- Reserves -€212,208
no longer reported in 2025 (was €212,208)
- Other debts +€188,913
up €188,913 (+164%), from €115,377 to €304,290
- Tax, wage and social debts -€43,026
down €43,026 (-51.3%), from €83,815 to €40,790
of which Remuneration and social security: -€45,029
- Debts after one year -€20,738
down €20,738 (-45.6%), from €45,456 to €24,717
of which Financial debts: -€20,828
- Gross operating margin +€22,643
up €22,643 (+16.0%), from €141,378 to €164,020
- Write-downs +€6,300
up €6,300 (+210%), from €3,000 to €9,300
- Financial charges -€6,098
down €6,098 (-79.0%), from €7,716 to €1,617
- Taxes +€4,765
up €4,765 (+24.3%), from €19,642 to €24,407
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,835 | €410,021 | -€88,814 | -17.8% |
| Fixed assets | 21/28 | €298,891 | €281,279 | -€17,612 | -5.9% |
| Tangible fixed assets | 22/27 | €298,891 | €281,279 | -€17,612 | -5.9% |
| Land and buildings | 22 | €217,172 | €205,199 | -€11,973 | -5.5% |
| Plant, machinery and equipment | 23 | €1,277 | €7,700 | +€6,423 | +503% |
| Furniture and vehicles | 24 | €61,402 | €42,772 | -€18,630 | -30.3% |
| Other tangible fixed assets | 26 | €19,041 | €25,608 | +€6,567 | +34.5% |
| Current assets | 29/58 | €199,944 | €128,742 | -€71,201 | -35.6% |
| Amounts receivable within one year | 40/41 | €44,174 | €37,912 | -€6,262 | -14.2% |
| Trade receivables | 40 | €23,257 | €35,819 | +€12,562 | +54.0% |
| Other amounts receivable | 41 | €20,917 | €2,093 | -€18,824 | -90.0% |
| Cash at bank and in hand | 54/58 | €155,769 | €90,830 | -€64,939 | -41.7% |
| Total equity and liabilities | 10/49 | €498,835 | €410,021 | -€88,814 | -17.8% |
| Equity | 10/15 | €230,808 | €18,600 | -€212,208 | -91.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,208 | - | -€212,208 | |
| Distributable reserves | 133 | €212,208 | - | -€212,208 | |
| Amounts payable | 17/49 | €268,027 | €391,421 | +€123,394 | +46.0% |
| Amounts payable after more than one year | 17 | €45,456 | €24,717 | -€20,738 | -45.6% |
| Financial debts | 170/4 | €45,456 | €24,627 | -€20,828 | -45.8% |
| Other amounts payable | 178/9 | - | €90 | +€90 | |
| Amounts payable within one year | 42/48 | €222,572 | €366,704 | +€144,132 | +64.8% |
| Current portion of amounts payable after more than one year | 42 | €20,572 | €20,828 | +€256 | +1.2% |
| Trade debts | 44 | €2,807 | €796 | -€2,011 | -71.6% |
| Suppliers | 440/4 | €2,807 | €796 | -€2,011 | -71.6% |
| Taxes, remuneration and social security | 45 | €83,815 | €40,790 | -€43,026 | -51.3% |
| Taxes | 450/3 | €9,593 | €11,596 | +€2,003 | +20.9% |
| Remuneration and social security | 454/9 | €74,222 | €29,194 | -€45,029 | -60.7% |
| Other amounts payable | 47/48 | €115,377 | €304,290 | +€188,913 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,667 | €34,809 | +€1,142 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €9,300 | +€6,300 | +210% |
| Other operating charges | 640/8 | €3,911 | €5,097 | +€1,185 | +30.3% |
| Gross operating margin | 9900 | €141,378 | €164,020 | +€22,643 | +16.0% |
| Operating profit (loss) | 9901 | €100,799 | €114,814 | +€14,015 | +13.9% |
| Financial income | 75/76B | €831 | €297 | -€534 | -64.3% |
| Recurring financial income | 75 | €831 | €297 | -€534 | -64.3% |
| Financial charges | 65/66B | €7,716 | €1,617 | -€6,098 | -79.0% |
| Recurring financial charges | 65 | €7,716 | €1,617 | -€6,098 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €93,914 | €113,493 | +€19,579 | +20.8% |
| Income taxes | 67/77 | €19,642 | €24,407 | +€4,765 | +24.3% |
| Profit (loss) for the period | 9904 | €74,272 | €89,087 | +€14,815 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,272 | €89,087 | +€14,815 | +19.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.