Condaco: 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.
Condaco
Largest movements
- Current investments -€21,800
down €21,800 (-10.4%), from €210,026 to €188,226
- Cash +€17,611
up €17,611 (+23.2%), from €76,067 to €93,678
mainly Net result for the year (+€48,895) and Current investments (+€21,800)
- Tangible fixed assets -€7,411
down €7,411 (-32.8%), from €22,563 to €15,152
of which Plant, machinery and equipment: -€3,924
- Receivables within one year +€3,820
up €3,820 (+22.6%), from €16,917 to €20,737
- Other debts -€11,681
down €11,681 (-95.5%), from €12,228 to €547
- Reserves +€10,500
up €10,500 (+3.9%), from €269,691 to €280,191
of which Distributable reserves: +€10,500
- Tax, wage and social debts -€7,041
down €7,041 (-56.3%), from €12,497 to €5,456
of which Remuneration and social security: -€5,500
- Gross operating margin +€1,697
up €1,697 (+2.1%), from €80,780 to €82,476
- Financial charges +€955
up €955 (+27.5%), from €3,467 to €4,422
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 | €325,573 | €317,793 | -€7,780 | -2.4% |
| Fixed assets | 21/28 | €22,563 | €15,152 | -€7,411 | -32.8% |
| Tangible fixed assets | 22/27 | €22,563 | €15,152 | -€7,411 | -32.8% |
| Plant, machinery and equipment | 23 | €11,176 | €7,252 | -€3,924 | -35.1% |
| Furniture and vehicles | 24 | €11,386 | €7,900 | -€3,486 | -30.6% |
| Current assets | 29/58 | €303,010 | €302,641 | -€369 | -0.1% |
| Amounts receivable within one year | 40/41 | €16,917 | €20,737 | +€3,820 | +22.6% |
| Trade receivables | 40 | €16,917 | €20,737 | +€3,820 | +22.6% |
| Current investments | 50/53 | €210,026 | €188,226 | -€21,800 | -10.4% |
| Cash at bank and in hand | 54/58 | €76,067 | €93,678 | +€17,611 | +23.2% |
| Total equity and liabilities | 10/49 | €325,573 | €317,793 | -€7,780 | -2.4% |
| Equity | 10/15 | €296,059 | €306,954 | +€10,895 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,691 | €280,191 | +€10,500 | +3.9% |
| Tax-exempt reserves | 132 | €19,081 | €19,081 | = | 0.0% |
| Distributable reserves | 133 | €250,610 | €261,110 | +€10,500 | +4.2% |
| Profit (loss) carried forward | 14 | €7,769 | €8,164 | +€395 | +5.1% |
| Amounts payable | 17/49 | €29,514 | €10,839 | -€18,675 | -63.3% |
| Amounts payable within one year | 42/48 | €29,514 | €10,839 | -€18,675 | -63.3% |
| Trade debts | 44 | €4,788 | €4,835 | +€47 | +1.0% |
| Suppliers | 440/4 | €4,788 | €4,835 | +€47 | +1.0% |
| Taxes, remuneration and social security | 45 | €12,497 | €5,456 | -€7,041 | -56.3% |
| Taxes | 450/3 | €6,997 | €5,456 | -€1,541 | -22.0% |
| Remuneration and social security | 454/9 | €5,500 | - | -€5,500 | |
| Other amounts payable | 47/48 | €12,228 | €547 | -€11,681 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,566 | €7,411 | -€155 | -2.1% |
| Other operating charges | 640/8 | €884 | €1,354 | +€470 | +53.1% |
| Gross operating margin | 9900 | €80,780 | €82,476 | +€1,697 | +2.1% |
| Operating profit (loss) | 9901 | €72,329 | €73,712 | +€1,382 | +1.9% |
| Financial income | 75/76B | €199 | €598 | +€400 | +201% |
| Recurring financial income | 75 | €199 | €598 | +€400 | +201% |
| Financial charges | 65/66B | €3,467 | €4,422 | +€955 | +27.5% |
| Recurring financial charges | 65 | €3,467 | €4,422 | +€955 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €69,061 | €69,888 | +€827 | +1.2% |
| Income taxes | 67/77 | €20,307 | €20,993 | +€685 | +3.4% |
| Profit (loss) for the period | 9904 | €48,754 | €48,895 | +€141 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,754 | €48,895 | +€141 | +0.3% |
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 24 October 2026 via checked.be.