Condegro: 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.
Condegro
Largest movements
- Tangible fixed assets -€29,669
down €29,669 (-64.9%), from €45,688 to €16,019
of which Furniture and vehicles: -€29,218
- Receivables within one year +€25,740
up €25,740 (+170.4%), from €15,102 to €40,842
of which Trade receivables: +€26,555
- Advances received +€35,601
up €35,601 (+591.3%), from €6,021 to €41,622
- Profit (loss) carried forward -€23,301
down €23,301 (-72.5%), from -€32,120 to -€55,420
- Trade debts -€9,990
down €9,990 (-51.7%), from €19,324 to €9,335
- Other debts -€8,690
down €8,690 (-23.0%), from €37,730 to €29,040
- Short-term financial debts +€5,462
up €5,462 (+114.1%), from €4,788 to €10,250
- Gross operating margin -€10,529
down €10,529, from €7,276 to -€3,252
- Financial charges -€727
down €727 (-20.3%), from €3,584 to €2,857
- Depreciation -€609
down €609 (-6.4%), from €9,503 to €8,894
- Other operating charges -€404
down €404 (-21.1%), from €1,910 to €1,506
- Taxes -€74
down €74 (-53.2%), from €140 to €65
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 | €61,905 | €57,887 | -€4,018 | -6.5% |
| Fixed assets | 21/28 | €45,688 | €16,019 | -€29,669 | -64.9% |
| Tangible fixed assets | 22/27 | €45,688 | €16,019 | -€29,669 | -64.9% |
| Land and buildings | 22 | €2,119 | €1,732 | -€388 | -18.3% |
| Plant, machinery and equipment | 23 | €63 | €0 | -€63 | -100.0% |
| Furniture and vehicles | 24 | €43,505 | €14,287 | -€29,218 | -67.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €16,217 | €41,868 | +€25,651 | +158.2% |
| Amounts receivable within one year | 40/41 | €15,102 | €40,842 | +€25,740 | +170.4% |
| Trade receivables | 40 | €13,102 | €39,657 | +€26,555 | +202.7% |
| Other amounts receivable | 41 | €2,000 | €1,185 | -€815 | -40.7% |
| Cash at bank and in hand | 54/58 | €159 | €0 | -€159 | -100.0% |
| Deferred charges and accrued income | 490/1 | €956 | €1,026 | +€70 | +7.3% |
| Total equity and liabilities | 10/49 | €61,905 | €57,887 | -€4,018 | -6.5% |
| Equity | 10/15 | -€9,583 | -€32,884 | -€23,301 | -243.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,936 | €3,936 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,076 | €2,076 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,120 | -€55,420 | -€23,301 | -72.5% |
| Amounts payable | 17/49 | €71,488 | €90,771 | +€19,283 | +27.0% |
| Amounts payable within one year | 42/48 | €71,488 | €90,771 | +€19,283 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,788 | €10,250 | +€5,462 | +114.1% |
| Credit institutions | 430/8 | €4,788 | €10,250 | +€5,462 | +114.1% |
| Trade debts | 44 | €19,324 | €9,335 | -€9,990 | -51.7% |
| Suppliers | 440/4 | €19,324 | €9,335 | -€9,990 | -51.7% |
| Advances received on contracts in progress | 46 | €6,021 | €41,622 | +€35,601 | +591.3% |
| Taxes, remuneration and social security | 45 | €3,625 | €524 | -€3,101 | -85.5% |
| Taxes | 450/3 | €3,625 | €524 | -€3,101 | -85.5% |
| Other amounts payable | 47/48 | €37,730 | €29,040 | -€8,690 | -23.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,950 | €579 | -€11,371 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,503 | €8,894 | -€609 | -6.4% |
| Other operating charges | 640/8 | €1,910 | €1,506 | -€404 | -21.1% |
| Non-recurring operating charges | 66A | - | €6,725 | +€6,725 | |
| Gross operating margin | 9900 | €7,276 | -€3,252 | -€10,529 | |
| Operating profit (loss) | 9901 | -€4,137 | -€20,378 | -€16,241 | -392.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,584 | €2,857 | -€727 | -20.3% |
| Recurring financial charges | 65 | €3,584 | €2,857 | -€727 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,721 | -€23,235 | -€15,514 | -200.9% |
| Income taxes | 67/77 | €140 | €65 | -€74 | -53.2% |
| Profit (loss) for the period | 9904 | -€7,861 | -€23,301 | -€15,440 | -196.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,861 | -€23,301 | -€15,440 | -196.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.