CONDAIR: 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.
CONDAIR
Largest movements
- Receivables within one year +€52,881
up €52,881 (+9.7%), from €542,859 to €595,739
of which Other amounts receivable: +€52,954
- Cash +€12,835
up €12,835 (+8.7%), from €147,517 to €160,352
mainly Other debts (+€300,000) and Net result for the year (+€34,274)
- Other debts +€300,000
new in 2025: €300,000
- Profit (loss) carried forward -€265,726
down €265,726 (-51.0%), from €521,068 to €255,342
- Tax, wage and social debts +€20,101
up €20,101 (+16.9%), from €118,958 to €139,059
of which Taxes: +€12,986
- Turnover -€54,048
down €54,048 (-4.7%), from €1.1m to €1.1m
- Purchases and services -€31,029
down €31,029 (-11.9%), from €260,263 to €229,234
- Gross operating margin -€24,988
down €24,988 (-2.8%), from €903,761 to €878,773
- Staff costs -€20,174
down €20,174 (-2.4%), from €832,743 to €812,569
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 | €733,390 | €789,731 | +€56,341 | +7.7% |
| Fixed assets | 21/28 | €18,236 | €14,816 | -€3,420 | -18.8% |
| Tangible fixed assets | 22/27 | €8,836 | €5,416 | -€3,420 | -38.7% |
| Plant, machinery and equipment | 23 | €8,836 | €5,416 | -€3,420 | -38.7% |
| Financial fixed assets | 28 | €9,400 | €9,400 | = | 0.0% |
| Current assets | 29/58 | €715,154 | €774,914 | +€59,760 | +8.4% |
| Amounts receivable within one year | 40/41 | €542,859 | €595,739 | +€52,881 | +9.7% |
| Trade receivables | 40 | €83 | €10 | -€73 | -88.0% |
| Other amounts receivable | 41 | €542,776 | €595,729 | +€52,954 | +9.8% |
| Cash at bank and in hand | 54/58 | €147,517 | €160,352 | +€12,835 | +8.7% |
| Deferred charges and accrued income | 490/1 | €24,778 | €18,823 | -€5,955 | -24.0% |
| Total equity and liabilities | 10/49 | €733,390 | €789,731 | +€56,341 | +7.7% |
| Equity | 10/15 | €589,268 | €323,542 | -€265,726 | -45.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €521,068 | €255,342 | -€265,726 | -51.0% |
| Amounts payable | 17/49 | €144,122 | €466,189 | +€322,067 | +223.5% |
| Amounts payable within one year | 42/48 | €144,122 | €461,189 | +€317,067 | +220.0% |
| Trade debts | 44 | €25,164 | €22,129 | -€3,035 | -12.1% |
| Suppliers | 440/4 | €25,164 | €22,129 | -€3,035 | -12.1% |
| Taxes, remuneration and social security | 45 | €118,958 | €139,059 | +€20,101 | +16.9% |
| Taxes | 450/3 | €4,909 | €17,894 | +€12,986 | +264.6% |
| Remuneration and social security | 454/9 | €114,049 | €121,165 | +€7,116 | +6.2% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Turnover | 70 | €1,146,551 | €1,092,503 | -€54,048 | -4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €260,263 | €229,234 | -€31,029 | -11.9% |
| Remuneration, social security and pensions | 62 | €832,743 | €812,569 | -€20,174 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,789 | €3,420 | +€631 | +22.6% |
| Gross operating margin | 9900 | €903,761 | €878,773 | -€24,988 | -2.8% |
| Operating profit (loss) | 9901 | €68,229 | €62,784 | -€5,445 | -8.0% |
| Financial charges | 65/66B | €13,631 | €10,760 | -€2,871 | -21.1% |
| Recurring financial charges | 65 | €13,631 | €10,760 | -€2,871 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €54,598 | €52,024 | -€2,574 | -4.7% |
| Income taxes | 67/77 | €19,093 | €17,750 | -€1,343 | -7.0% |
| Profit (loss) for the period | 9904 | €35,504 | €34,274 | -€1,230 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,504 | €34,274 | -€1,230 | -3.5% |
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.