Centre Condorcet: 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.
Centre Condorcet
Largest movements
- Receivables within one year -€25,910
down €25,910 (-44.7%), from €57,916 to €32,006
of which Trade receivables: -€27,235
- Cash -€12,401
down €12,401 (-16.4%), from €75,454 to €63,054
mainly Accrued charges and deferred income (-€40,418) and Investment in fixed assets (net) (-€3,850)
- Tangible fixed assets +€3,847
new in 2025: €3,847
- Intangible fixed assets -€3,750
down €3,750 (-25.0%), from €14,990 to €11,240
- Deferred charges and accrued income -€2,216
down €2,216 (-13.3%), from €16,711 to €14,496
- Accrued charges and deferred income -€40,418
down €40,418 (-26.9%), from €150,000 to €109,582
- Debts within one year -€3,157
down €3,157 (-24.6%), from €12,854 to €9,697
- Reserves +€3,146
up €3,146 (+142%), from €2,218 to €5,364
- Gross operating margin +€52,602
up €52,602 (+1,996%), from €2,636 to €55,238
- Staff costs +€22,955
up €22,955 (+96.3%), from €23,845 to €46,800
- Depreciation +€3,742
up €3,742 (+36,511%), from €10 to €3,753
- Financial charges +€727
up €727 (+84.2%), from €864 to €1,591
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 | €165,071 | €124,643 | -€40,429 | -24.5% |
| Fixed assets | 21/28 | €14,990 | €15,087 | +€97 | +0.6% |
| Intangible fixed assets | 21 | €14,990 | €11,240 | -€3,750 | -25.0% |
| Tangible fixed assets | 22/27 | - | €3,847 | +€3,847 | |
| Furniture and vehicles | 24 | - | €3,847 | +€3,847 | |
| Current assets | 29/58 | €150,082 | €109,556 | -€40,526 | -27.0% |
| Amounts receivable within one year | 40/41 | €57,916 | €32,006 | -€25,910 | -44.7% |
| Trade receivables | 40 | €56,500 | €29,265 | -€27,235 | -48.2% |
| Other amounts receivable | 41 | €1,416 | €2,741 | +€1,325 | +93.6% |
| Cash at bank and in hand | 54/58 | €75,454 | €63,054 | -€12,401 | -16.4% |
| Deferred charges and accrued income | 490/1 | €16,711 | €14,496 | -€2,216 | -13.3% |
| Total equity and liabilities | 10/49 | €165,071 | €124,643 | -€40,429 | -24.5% |
| Equity | 10/15 | €2,218 | €5,364 | +€3,146 | +142% |
| Reserves | 13 | €2,218 | €5,364 | +€3,146 | +142% |
| Amounts payable | 17/49 | €162,854 | €119,279 | -€43,575 | -26.8% |
| Amounts payable within one year | 42/48 | €12,854 | €9,697 | -€3,157 | -24.6% |
| Trade debts | 44 | €8,135 | €5,839 | -€2,296 | -28.2% |
| Suppliers | 440/4 | €8,135 | €5,839 | -€2,296 | -28.2% |
| Accrued charges and deferred income | 492/3 | €150,000 | €109,582 | -€40,418 | -26.9% |
| Remuneration, social security and pensions | 62 | €23,845 | €46,800 | +€22,955 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €3,753 | +€3,742 | +36,511% |
| Other operating charges | 640/8 | €170 | €66 | -€105 | -61.4% |
| Gross operating margin | 9900 | €2,636 | €55,238 | +€52,602 | +1,996% |
| Operating profit (loss) | 9901 | -€21,390 | €4,619 | +€26,009 | |
| Financial income | 75/76B | €224 | €169 | -€55 | -24.7% |
| Recurring financial income | 75 | €224 | €169 | -€55 | -24.7% |
| Financial charges | 65/66B | €864 | €1,591 | +€727 | +84.2% |
| Recurring financial charges | 65 | €864 | €1,591 | +€727 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,030 | €3,197 | +€25,226 | |
| Income taxes | 67/77 | €67 | €51 | -€17 | -24.7% |
| Profit (loss) for the period | 9904 | -€22,097 | €3,146 | +€25,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,097 | €3,146 | +€25,243 |
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 13 October 2026 via checked.be.