ConDaSec: 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.
ConDaSec
Largest movements
- Cash -€12,869
down €12,869 (-36.0%), from €35,705 to €22,836
mainly Other debts (-€8,988) and Net result for the year (-€3,319)
- Tangible fixed assets -€1,345
down €1,345 (-73.8%), from €1,823 to €478
of which Plant, machinery and equipment: -€992
- Other debts -€8,988
down €8,988 (-96.8%), from €9,284 to €297
- Reserves -€3,319
down €3,319 (-41.9%), from €7,913 to €4,594
- Tax, wage and social debts -€1,642
no longer reported in 2025 (was €1,642)
- Gross operating margin -€3,612
down €3,612, from €2,093 to -€1,519
- Taxes -€142
no longer reported in 2025 (was €142)
- Depreciation -€100
down €100 (-6.9%), from €1,445 to €1,345
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 | €37,566 | €23,620 | -€13,945 | -37.1% |
| Fixed assets | 21/28 | €1,823 | €478 | -€1,345 | -73.8% |
| Tangible fixed assets | 22/27 | €1,823 | €478 | -€1,345 | -73.8% |
| Plant, machinery and equipment | 23 | €1,097 | €105 | -€992 | -90.4% |
| Furniture and vehicles | 24 | €726 | €373 | -€354 | -48.7% |
| Current assets | 29/58 | €35,743 | €23,143 | -€12,600 | -35.3% |
| Amounts receivable within one year | 40/41 | €38 | €307 | +€270 | +717% |
| Other amounts receivable | 41 | €38 | €307 | +€270 | +717% |
| Cash at bank and in hand | 54/58 | €35,705 | €22,836 | -€12,869 | -36.0% |
| Total equity and liabilities | 10/49 | €37,566 | €23,620 | -€13,945 | -37.1% |
| Equity | 10/15 | €26,513 | €23,194 | -€3,319 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,913 | €4,594 | -€3,319 | -41.9% |
| Distributable reserves | 133 | €7,913 | €4,594 | -€3,319 | -41.9% |
| Amounts payable | 17/49 | €11,052 | €427 | -€10,626 | -96.1% |
| Amounts payable within one year | 42/48 | €11,052 | €427 | -€10,626 | -96.1% |
| Trade debts | 44 | €126 | €130 | +€4 | +3.0% |
| Suppliers | 440/4 | €126 | €130 | +€4 | +3.0% |
| Taxes, remuneration and social security | 45 | €1,642 | - | -€1,642 | |
| Taxes | 450/3 | €1,642 | - | -€1,642 | |
| Other amounts payable | 47/48 | €9,284 | €297 | -€8,988 | -96.8% |
| Non-recurring operating income | 76A | €13,230 | - | -€13,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €1,345 | -€100 | -6.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,093 | -€1,519 | -€3,612 | |
| Operating profit (loss) | 9901 | €261 | -€3,264 | -€3,525 | |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €207 | -€3,319 | -€3,526 | |
| Income taxes | 67/77 | €142 | - | -€142 | |
| Profit (loss) for the period | 9904 | €65 | -€3,319 | -€3,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €65 | -€3,319 | -€3,384 |
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 19 October 2026 via checked.be.