CON-DOR: 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.
CON-DOR
Largest movements
- Cash +€491,831
up €491,831 (+24300.0%), from €2,024 to €493,855
mainly Investment in fixed assets (net) (+€336,354) and Net result for the year (+€85,164)
- Tangible fixed assets -€382,638
down €382,638 (-30.5%), from €1.3m to €871,063
of which Land and buildings: -€381,410
- Reserves +€85,164
up €85,164 (+116.9%), from €72,824 to €157,988
- Other debts +€45,450
up €45,450 (+1132.3%), from €4,014 to €49,464
- Debts after one year -€36,287
down €36,287 (-5.1%), from €718,126 to €681,839
of which Financial debts: -€36,287
- Trade debts +€21,645
up €21,645 (+278.6%), from €7,770 to €29,415
- Gross operating margin +€152,139
up €152,139 (+502.4%), from €30,285 to €182,424
- Taxes +€11,315
new in 2025: €11,315
- Depreciation +€6,814
up €6,814 (+17.3%), from €39,470 to €46,284
- Financial charges +€3,295
up €3,295 (+9.4%), from €34,869 to €38,164
- Financial income -€1,882
no longer reported in 2025 (was €1,882)
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 | €1,266,980 | €1,373,316 | +€106,336 | +8.4% |
| Fixed assets | 21/28 | €1,253,701 | €871,063 | -€382,638 | -30.5% |
| Tangible fixed assets | 22/27 | €1,253,701 | €871,063 | -€382,638 | -30.5% |
| Land and buildings | 22 | €1,250,198 | €868,788 | -€381,410 | -30.5% |
| Plant, machinery and equipment | 23 | €335 | €511 | +€176 | +52.5% |
| Furniture and vehicles | 24 | €3,168 | €1,764 | -€1,404 | -44.3% |
| Current assets | 29/58 | €13,279 | €502,253 | +€488,974 | +3682.3% |
| Amounts receivable within one year | 40/41 | €7,536 | €7,618 | +€82 | +1.1% |
| Other amounts receivable | 41 | €7,536 | €7,618 | +€82 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,024 | €493,855 | +€491,831 | +24300.0% |
| Deferred charges and accrued income | 490/1 | €3,719 | €780 | -€2,939 | -79.0% |
| Total equity and liabilities | 10/49 | €1,266,980 | €1,373,316 | +€106,336 | +8.4% |
| Equity | 10/15 | €282,789 | €367,953 | +€85,164 | +30.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,824 | €157,988 | +€85,164 | +116.9% |
| Distributable reserves | 133 | €72,824 | €157,988 | +€85,164 | +116.9% |
| Profit (loss) carried forward | 14 | €189,965 | €189,965 | = | 0.0% |
| Amounts payable | 17/49 | €984,191 | €1,005,363 | +€21,172 | +2.2% |
| Amounts payable after more than one year | 17 | €718,126 | €681,839 | -€36,287 | -5.1% |
| Financial debts | 170/4 | €714,676 | €678,389 | -€36,287 | -5.1% |
| Other amounts payable | 178/9 | €3,450 | €3,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €253,465 | €321,641 | +€68,176 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €235,233 | €236,287 | +€1,054 | +0.4% |
| Trade debts | 44 | €7,770 | €29,415 | +€21,645 | +278.6% |
| Suppliers | 440/4 | €7,770 | €29,415 | +€21,645 | +278.6% |
| Taxes, remuneration and social security | 45 | €6,448 | €6,475 | +€27 | +0.4% |
| Taxes | 450/3 | €6,448 | €6,475 | +€27 | +0.4% |
| Other amounts payable | 47/48 | €4,014 | €49,464 | +€45,450 | +1132.3% |
| Accrued charges and deferred income | 492/3 | €12,600 | €1,883 | -€10,717 | -85.1% |
| Non-recurring operating income | 76A | €413 | €132,650 | +€132,237 | +32018.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,470 | €46,284 | +€6,814 | +17.3% |
| Other operating charges | 640/8 | €2,491 | €1,497 | -€994 | -39.9% |
| Gross operating margin | 9900 | €30,285 | €182,424 | +€152,139 | +502.4% |
| Operating profit (loss) | 9901 | -€11,676 | €134,643 | +€146,319 | |
| Financial income | 75/76B | €1,882 | - | -€1,882 | |
| Recurring financial income | 75 | €1,882 | - | -€1,882 | |
| Financial charges | 65/66B | €34,869 | €38,164 | +€3,295 | +9.4% |
| Recurring financial charges | 65 | €34,869 | €38,164 | +€3,295 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,663 | €96,479 | +€141,142 | |
| Income taxes | 67/77 | - | €11,315 | +€11,315 | |
| Profit (loss) for the period | 9904 | -€44,663 | €85,164 | +€129,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,663 | €85,164 | +€129,827 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.