CONDAL: 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.
CONDAL
Largest movements
- Tangible fixed assets -€7,989
down €7,989 (-3.5%), from €226,533 to €218,544
of which Furniture and vehicles: -€4,699
- Stocks and contracts +€6,799
up €6,799 (+4.3%), from €158,501 to €165,300
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward +€22,029
new in 2025: €22,029
- Reserves -€20,330
down €20,330 (-6.4%), from €318,405 to €298,075
of which Distributable reserves: -€20,330
- Other debts +€16,054
up €16,054 (+28.5%), from €56,414 to €72,468
- Trade debts +€5,707
up €5,707 (+59.3%), from €9,622 to €15,329
- Gross operating margin -€16,355
down €16,355 (-35.8%), from €45,645 to €29,290
- Taxes -€6,620
down €6,620 (-60.4%), from €10,953 to €4,333
- Financial charges +€3,278
up €3,278 (+79.6%), from €4,118 to €7,396
- Depreciation -€955
down €955 (-6.3%), from €15,083 to €14,128
- Other operating charges -€874
down €874 (-53.9%), from €1,622 to €748
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 | €425,280 | €425,133 | -€148 | 0.0% |
| Fixed assets | 21/28 | €226,533 | €218,544 | -€7,989 | -3.5% |
| Tangible fixed assets | 22/27 | €226,533 | €218,544 | -€7,989 | -3.5% |
| Land and buildings | 22 | €192,775 | €190,582 | -€2,193 | -1.1% |
| Plant, machinery and equipment | 23 | €2,611 | €4,989 | +€2,379 | +91.1% |
| Furniture and vehicles | 24 | €14,333 | €9,634 | -€4,699 | -32.8% |
| Other tangible fixed assets | 26 | €16,814 | €13,339 | -€3,475 | -20.7% |
| Current assets | 29/58 | €198,748 | €206,589 | +€7,841 | +3.9% |
| Stocks and contracts in progress | 3 | €158,501 | €165,300 | +€6,799 | +4.3% |
| Stocks | 30/36 | €158,501 | €165,300 | +€6,799 | +4.3% |
| Amounts receivable within one year | 40/41 | €18,355 | €19,316 | +€962 | +5.2% |
| Trade receivables | 40 | €14,027 | €12,092 | -€1,936 | -13.8% |
| Other amounts receivable | 41 | €4,328 | €7,225 | +€2,897 | +66.9% |
| Cash at bank and in hand | 54/58 | €21,682 | €21,972 | +€290 | +1.3% |
| Deferred charges and accrued income | 490/1 | €210 | - | -€210 | |
| Total equity and liabilities | 10/49 | €425,280 | €425,133 | -€148 | 0.0% |
| Equity | 10/15 | €324,605 | €326,304 | +€1,699 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €318,405 | €298,075 | -€20,330 | -6.4% |
| Non-distributable reserves | 130/1 | €8,310 | €8,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,310 | €8,310 | = | 0.0% |
| Distributable reserves | 133 | €310,095 | €289,765 | -€20,330 | -6.6% |
| Profit (loss) carried forward | 14 | - | €22,029 | +€22,029 | |
| Amounts payable | 17/49 | €100,675 | €98,828 | -€1,847 | -1.8% |
| Amounts payable within one year | 42/48 | €98,551 | €94,325 | -€4,226 | -4.3% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €9,622 | €15,329 | +€5,707 | +59.3% |
| Suppliers | 440/4 | €9,622 | €15,329 | +€5,707 | +59.3% |
| Taxes, remuneration and social security | 45 | €7,515 | €6,528 | -€987 | -13.1% |
| Taxes | 450/3 | €7,515 | €6,528 | -€987 | -13.1% |
| Other amounts payable | 47/48 | €56,414 | €72,468 | +€16,054 | +28.5% |
| Accrued charges and deferred income | 492/3 | €2,124 | €4,503 | +€2,380 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,083 | €14,128 | -€955 | -6.3% |
| Other operating charges | 640/8 | €1,622 | €748 | -€874 | -53.9% |
| Gross operating margin | 9900 | €45,645 | €29,290 | -€16,355 | -35.8% |
| Operating profit (loss) | 9901 | €28,940 | €14,414 | -€14,526 | -50.2% |
| Financial income | 75/76B | €899 | €680 | -€219 | -24.3% |
| Recurring financial income | 75 | €899 | €680 | -€219 | -24.3% |
| Financial charges | 65/66B | €4,118 | €7,396 | +€3,278 | +79.6% |
| Recurring financial charges | 65 | €4,118 | €7,396 | +€3,278 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €25,720 | €7,698 | -€18,023 | -70.1% |
| Income taxes | 67/77 | €10,953 | €4,333 | -€6,620 | -60.4% |
| Profit (loss) for the period | 9904 | €14,768 | €3,365 | -€11,403 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,768 | €3,365 | -€11,403 | -77.2% |
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 16 October 2026 via checked.be.