CONDECO: 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.
CONDECO
Largest movements
- Tangible fixed assets -€18,871
down €18,871 (-14.0%), from €134,748 to €115,877
of which Land and buildings: -€9,465
- Cash +€17,039
up €17,039 (+892%), from €1,909 to €18,948
mainly Depreciation (+€18,046) and Accrued charges and deferred income (+€15,000)
- Receivables within one year -€2,345
down €2,345 (-70.4%), from €3,331 to €986
of which Other amounts receivable: -€3,171
- Other debts -€18,096
down €18,096 (-19.2%), from €94,196 to €76,100
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Profit (loss) carried forward -€2,002
down €2,002 (-4.3%), from -€46,190 to -€48,193
- Depreciation -€2,780
down €2,780 (-13.3%), from €20,826 to €18,046
- Gross operating margin +€1,186
up €1,186 (+6.3%), from €18,721 to €19,907
- Other operating charges +€571
up €571 (+17.6%), from €3,252 to €3,823
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 | €139,989 | €135,811 | -€4,178 | -3.0% |
| Fixed assets | 21/28 | €134,748 | €115,877 | -€18,871 | -14.0% |
| Tangible fixed assets | 22/27 | €134,748 | €115,877 | -€18,871 | -14.0% |
| Land and buildings | 22 | €81,098 | €71,632 | -€9,465 | -11.7% |
| Plant, machinery and equipment | 23 | €52,825 | €44,244 | -€8,581 | -16.2% |
| Furniture and vehicles | 24 | €826 | €0 | -€826 | -100% |
| Current assets | 29/58 | €5,241 | €19,934 | +€14,694 | +280% |
| Amounts receivable within one year | 40/41 | €3,331 | €986 | -€2,345 | -70.4% |
| Trade receivables | 40 | - | €826 | +€826 | |
| Other amounts receivable | 41 | €3,331 | €160 | -€3,171 | -95.2% |
| Cash at bank and in hand | 54/58 | €1,909 | €18,948 | +€17,039 | +892% |
| Total equity and liabilities | 10/49 | €139,989 | €135,811 | -€4,178 | -3.0% |
| Equity | 10/15 | €42,588 | €40,586 | -€2,002 | -4.7% |
| Contributions | 10/11 | €84,284 | €84,284 | = | 0.0% |
| Capital | 10 | €84,284 | - | -€84,284 | |
| Issued capital | 100 | €84,284 | - | -€84,284 | |
| Reserves | 13 | €4,495 | €4,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,495 | €4,495 | = | 0.0% |
| Legal reserve | 130 | €4,495 | - | -€4,495 | |
| Reserves not available under the articles | 1311 | - | €4,495 | +€4,495 | |
| Profit (loss) carried forward | 14 | -€46,190 | -€48,193 | -€2,002 | -4.3% |
| Amounts payable | 17/49 | €97,400 | €95,225 | -€2,176 | -2.2% |
| Amounts payable within one year | 42/48 | €97,400 | €80,225 | -€17,176 | -17.6% |
| Trade debts | 44 | €3,205 | €4,125 | +€920 | +28.7% |
| Suppliers | 440/4 | €3,205 | €4,125 | +€920 | +28.7% |
| Other amounts payable | 47/48 | €94,196 | €76,100 | -€18,096 | -19.2% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,826 | €18,046 | -€2,780 | -13.3% |
| Other operating charges | 640/8 | €3,252 | €3,823 | +€571 | +17.6% |
| Gross operating margin | 9900 | €18,721 | €19,907 | +€1,186 | +6.3% |
| Operating profit (loss) | 9901 | -€5,357 | -€1,962 | +€3,394 | +63.4% |
| Financial charges | 65/66B | €182 | €40 | -€143 | -78.2% |
| Recurring financial charges | 65 | €182 | €40 | -€143 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,539 | -€2,002 | +€3,537 | +63.9% |
| Profit (loss) for the period | 9904 | -€5,539 | -€2,002 | +€3,537 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,539 | -€2,002 | +€3,537 | +63.9% |
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.