CONDAKO: 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.
CONDAKO
Largest movements
- Receivables within one year +€140,280
up €140,280 (+18.8%), from €747,055 to €887,335
of which Trade receivables: +€135,799
- Stocks and contracts -€110,399
down €110,399 (-18.8%), from €588,488 to €478,089
- Cash -€39,363
down €39,363 (-38.2%), from €103,010 to €63,646
mainly Debts after one year (-€757,309) and Receivables within one year (-€140,280)
- Tangible fixed assets -€35,974
down €35,974 (-19.4%), from €185,899 to €149,925
of which Other tangible fixed assets: -€25,423
- Debts after one year -€757,309
down €757,309 (-67.5%), from €1.1m to €365,000
of which Financial debts: -€444,000
- Other debts +€679,298
new in 2025: €679,298
- Trade debts +€110,997
up €110,997 (+143.3%), from €77,439 to €188,436
- Accrued charges and deferred income -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Financial charges +€23,691
up €23,691 (+53.4%), from €44,397 to €68,088
- Gross operating margin -€18,661
down €18,661 (-8.9%), from €208,765 to €190,104
- Staff costs -€14,892
down €14,892 (-25.5%), from €58,411 to €43,519
- Other operating charges +€8,329
up €8,329 (+94.2%), from €8,837 to €17,166
- Depreciation -€8,108
down €8,108 (-16.2%), from €49,920 to €41,812
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 | €1,635,549 | €1,581,262 | -€54,287 | -3.3% |
| Fixed assets | 21/28 | €185,899 | €149,925 | -€35,974 | -19.4% |
| Tangible fixed assets | 22/27 | €185,899 | €149,925 | -€35,974 | -19.4% |
| Plant, machinery and equipment | 23 | €21,580 | €17,621 | -€3,959 | -18.3% |
| Furniture and vehicles | 24 | €32,935 | €26,344 | -€6,591 | -20.0% |
| Other tangible fixed assets | 26 | €131,383 | €105,960 | -€25,423 | -19.4% |
| Current assets | 29/58 | €1,449,651 | €1,431,337 | -€18,313 | -1.3% |
| Stocks and contracts in progress | 3 | €588,488 | €478,089 | -€110,399 | -18.8% |
| Stocks | 30/36 | €588,488 | €478,089 | -€110,399 | -18.8% |
| Amounts receivable within one year | 40/41 | €747,055 | €887,335 | +€140,280 | +18.8% |
| Trade receivables | 40 | €665,848 | €801,647 | +€135,799 | +20.4% |
| Other amounts receivable | 41 | €81,207 | €85,688 | +€4,481 | +5.5% |
| Cash at bank and in hand | 54/58 | €103,010 | €63,646 | -€39,363 | -38.2% |
| Deferred charges and accrued income | 490/1 | €11,098 | €2,267 | -€8,831 | -79.6% |
| Total equity and liabilities | 10/49 | €1,635,549 | €1,581,262 | -€54,287 | -3.3% |
| Equity | 10/15 | €322,616 | €336,225 | +€13,610 | +4.2% |
| Contributions | 10/11 | €84,072 | €84,072 | = | 0.0% |
| Reserves | 13 | €238,544 | €252,153 | +€13,610 | +5.7% |
| Distributable reserves | 133 | €238,544 | €252,153 | +€13,610 | +5.7% |
| Amounts payable | 17/49 | €1,312,934 | €1,245,037 | -€67,897 | -5.2% |
| Amounts payable after more than one year | 17 | €1,122,309 | €365,000 | -€757,309 | -67.5% |
| Financial debts | 170/4 | €809,000 | €365,000 | -€444,000 | -54.9% |
| Other amounts payable | 178/9 | €313,309 | €0 | -€313,309 | -100.0% |
| Amounts payable within one year | 42/48 | €90,625 | €880,037 | +€789,412 | +871.1% |
| Trade debts | 44 | €77,439 | €188,436 | +€110,997 | +143.3% |
| Suppliers | 440/4 | €77,439 | €188,436 | +€110,997 | +143.3% |
| Taxes, remuneration and social security | 45 | €13,186 | €12,303 | -€883 | -6.7% |
| Taxes | 450/3 | €5,486 | €6,412 | +€926 | +16.9% |
| Remuneration and social security | 454/9 | €7,699 | €5,891 | -€1,809 | -23.5% |
| Other amounts payable | 47/48 | - | €679,298 | +€679,298 | |
| Accrued charges and deferred income | 492/3 | €100,000 | €0 | -€100,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €58,411 | €43,519 | -€14,892 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,920 | €41,812 | -€8,108 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,499 | €0 | -€3,499 | -100.0% |
| Other operating charges | 640/8 | €8,837 | €17,166 | +€8,329 | +94.2% |
| Gross operating margin | 9900 | €208,765 | €190,104 | -€18,661 | -8.9% |
| Operating profit (loss) | 9901 | €88,098 | €87,607 | -€491 | -0.6% |
| Financial income | 75/76B | €456 | €1,110 | +€655 | +143.8% |
| Recurring financial income | 75 | €456 | €1,110 | +€655 | +143.8% |
| Financial charges | 65/66B | €44,397 | €68,088 | +€23,691 | +53.4% |
| Recurring financial charges | 65 | €44,397 | €68,088 | +€23,691 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €44,157 | €20,630 | -€23,528 | -53.3% |
| Income taxes | 67/77 | €11,983 | €7,020 | -€4,963 | -41.4% |
| Profit (loss) for the period | 9904 | €32,174 | €13,610 | -€18,565 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,174 | €13,610 | -€18,565 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.