CONDAKO ENGINEERING: 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.
CONDAKO ENGINEERING
Largest movements
- Tangible fixed assets +€650,452
up €650,452 (+75.6%), from €860,934 to €1.5m
of which Plant, machinery and equipment: +€633,834
- Receivables within one year -€114,152
down €114,152 (-72.9%), from €156,685 to €42,533
of which Trade receivables: -€142,082
- Deferred charges and accrued income -€25,556
down €25,556 (-94.7%), from €26,986 to €1,430
- Other debts +€546,370
new in 2025: €546,370
- Debts after one year -€239,984
down €239,984 (-44.8%), from €535,090 to €295,106
of which Other amounts payable: -€535,090
- Current portion of long-term debt +€73,453
new in 2025: €73,453
- Trade debts +€56,555
up €56,555 (+102.6%), from €55,111 to €111,666
- Tax, wage and social debts +€50,877
up €50,877 (+2129.6%), from €2,389 to €53,266
of which Taxes: +€35,803
- Gross operating margin +€184,903
up €184,903 (+96.5%), from €191,653 to €376,556
- Staff costs +€149,536
up €149,536 (+993.9%), from €15,046 to €164,583
- Depreciation +€53,536
up €53,536 (+47.3%), from €113,270 to €166,806
- Financial charges -€29,378
down €29,378 (-62.5%), from €46,984 to €17,606
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,054,764 | €1,563,243 | +€508,479 | +48.2% |
| Fixed assets | 21/28 | €871,093 | €1,519,280 | +€648,188 | +74.4% |
| Intangible fixed assets | 21 | €10,159 | €7,894 | -€2,265 | -22.3% |
| Tangible fixed assets | 22/27 | €860,934 | €1,511,387 | +€650,452 | +75.6% |
| Plant, machinery and equipment | 23 | €852,392 | €1,486,226 | +€633,834 | +74.4% |
| Furniture and vehicles | 24 | €8,542 | €25,160 | +€16,618 | +194.5% |
| Current assets | 29/58 | €183,671 | €43,963 | -€139,708 | -76.1% |
| Amounts receivable within one year | 40/41 | €156,685 | €42,533 | -€114,152 | -72.9% |
| Trade receivables | 40 | €142,082 | - | -€142,082 | |
| Other amounts receivable | 41 | €14,603 | €42,533 | +€27,930 | +191.3% |
| Deferred charges and accrued income | 490/1 | €26,986 | €1,430 | -€25,556 | -94.7% |
| Total equity and liabilities | 10/49 | €1,054,764 | €1,563,243 | +€508,479 | +48.2% |
| Equity | 10/15 | €458,755 | €483,266 | +€24,511 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €440,155 | €464,666 | +€24,511 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €438,295 | €462,806 | +€24,511 | +5.6% |
| Amounts payable | 17/49 | €596,009 | €1,079,977 | +€483,968 | +81.2% |
| Amounts payable after more than one year | 17 | €535,090 | €295,106 | -€239,984 | -44.8% |
| Financial debts | 170/4 | - | €295,106 | +€295,106 | |
| Other amounts payable | 178/9 | €535,090 | - | -€535,090 | |
| Amounts payable within one year | 42/48 | €57,500 | €784,755 | +€727,255 | +1264.8% |
| Current portion of amounts payable after more than one year | 42 | - | €73,453 | +€73,453 | |
| Trade debts | 44 | €55,111 | €111,666 | +€56,555 | +102.6% |
| Suppliers | 440/4 | €55,111 | €111,666 | +€56,555 | +102.6% |
| Taxes, remuneration and social security | 45 | €2,389 | €53,266 | +€50,877 | +2129.6% |
| Taxes | 450/3 | - | €35,803 | +€35,803 | |
| Remuneration and social security | 454/9 | €2,389 | €17,462 | +€15,073 | +630.9% |
| Other amounts payable | 47/48 | - | €546,370 | +€546,370 | |
| Accrued charges and deferred income | 492/3 | €3,419 | €116 | -€3,303 | -96.6% |
| Remuneration, social security and pensions | 62 | €15,046 | €164,583 | +€149,536 | +993.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,270 | €166,806 | +€53,536 | +47.3% |
| Other operating charges | 640/8 | €699 | €582 | -€117 | -16.7% |
| Gross operating margin | 9900 | €191,653 | €376,556 | +€184,903 | +96.5% |
| Operating profit (loss) | 9901 | €62,637 | €44,585 | -€18,053 | -28.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46,984 | €17,606 | -€29,378 | -62.5% |
| Recurring financial charges | 65 | €46,984 | €17,606 | -€29,378 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €15,653 | €26,978 | +€11,325 | +72.3% |
| Income taxes | 67/77 | €1,562 | €2,467 | +€905 | +57.9% |
| Profit (loss) for the period | 9904 | €14,091 | €24,511 | +€10,420 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,091 | €24,511 | +€10,420 | +74.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.