AJ CONDROZ: 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.
AJ CONDROZ
Largest movements
- Cash +€20,288
up €20,288 (+578.7%), from €3,506 to €23,793
mainly Depreciation (+€15,303) and Net result for the year (+€10,328)
- Tangible fixed assets -€15,303
down €15,303 (-2.5%), from €618,535 to €603,232
- Profit (loss) carried forward +€10,328
up €10,328 (+34.7%), from -€29,773 to -€19,446
- Current portion of long-term debt -€10,319
no longer reported in 2025 (was €10,319)
- Revaluation surpluses -€8,000
down €8,000 (-2.0%), from €409,692 to €401,692
- Reserves +€8,000
up €8,000 (+4.0%), from €198,111 to €206,111
of which Distributable reserves: +€8,000
- Gross operating margin +€1,010
up €1,010 (+2.6%), from €38,477 to €39,487
- Financial charges -€715
down €715 (-79.5%), from €899 to €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 | €635,585 | €632,832 | -€2,753 | -0.4% |
| Fixed assets | 21/28 | €618,535 | €603,232 | -€15,303 | -2.5% |
| Tangible fixed assets | 22/27 | €618,535 | €603,232 | -€15,303 | -2.5% |
| Land and buildings | 22 | €618,535 | €603,232 | -€15,303 | -2.5% |
| Current assets | 29/58 | €17,050 | €29,599 | +€12,549 | +73.6% |
| Amounts receivable within one year | 40/41 | €9,544 | €5,806 | -€3,738 | -39.2% |
| Other amounts receivable | 41 | €9,544 | €5,806 | -€3,738 | -39.2% |
| Cash at bank and in hand | 54/58 | €3,506 | €23,793 | +€20,288 | +578.7% |
| Deferred charges and accrued income | 490/1 | €4,000 | - | -€4,000 | |
| Total equity and liabilities | 10/49 | €635,585 | €632,832 | -€2,753 | -0.4% |
| Equity | 10/15 | €615,313 | €625,641 | +€10,328 | +1.7% |
| Contributions | 10/11 | €37,284 | €37,284 | = | 0.0% |
| Revaluation surpluses | 12 | €409,692 | €401,692 | -€8,000 | -2.0% |
| Reserves | 13 | €198,111 | €206,111 | +€8,000 | +4.0% |
| Non-distributable reserves | 130/1 | €3,228 | €3,228 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,228 | €3,228 | = | 0.0% |
| Distributable reserves | 133 | €194,882 | €202,882 | +€8,000 | +4.1% |
| Profit (loss) carried forward | 14 | -€29,773 | -€19,446 | +€10,328 | +34.7% |
| Amounts payable | 17/49 | €20,272 | €7,191 | -€13,081 | -64.5% |
| Amounts payable within one year | 42/48 | €19,884 | €6,791 | -€13,093 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | €10,319 | - | -€10,319 | |
| Taxes, remuneration and social security | 45 | €9,565 | €6,791 | -€2,774 | -29.0% |
| Taxes | 450/3 | €9,565 | €6,791 | -€2,774 | -29.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,390 | €15,303 | -€87 | -0.6% |
| Other operating charges | 640/8 | €6,978 | €7,251 | +€272 | +3.9% |
| Gross operating margin | 9900 | €38,477 | €39,487 | +€1,010 | +2.6% |
| Operating profit (loss) | 9901 | €16,110 | €16,934 | +€824 | +5.1% |
| Financial charges | 65/66B | €899 | €184 | -€715 | -79.5% |
| Recurring financial charges | 65 | €899 | €184 | -€715 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €15,211 | €16,750 | +€1,539 | +10.1% |
| Income taxes | 67/77 | €6,369 | €6,422 | +€54 | +0.8% |
| Profit (loss) for the period | 9904 | €8,842 | €10,328 | +€1,485 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,842 | €10,328 | +€1,485 | +16.8% |
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 10 October 2026 via checked.be.