CONDEKA: 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.
CONDEKA
Largest movements
- Tangible fixed assets +€75,615
up €75,615 (+37.0%), from €204,612 to €280,227
of which Other tangible fixed assets: +€86,786
- Deferred charges and accrued income +€21,099
up €21,099 (+669.7%), from €3,150 to €24,250
- Profit (loss) carried forward -€96,906
down €96,906 (-99.9%), from €96,978 to €72
- Debts after one year +€75,206
new in 2025: €75,206
- Reserves +€43,209
up €43,209 (+14.3%), from €301,804 to €345,014
- Other debts +€36,181
up €36,181 (+49.0%), from €73,847 to €110,028
- Tax, wage and social debts +€18,466
up €18,466 (+250.5%), from €7,373 to €25,839
of which Taxes: +€18,466
- Gross operating margin +€79,061
up €79,061, from -€1,898 to €77,163
- Financial charges +€6,236
up €6,236 (+767.7%), from €812 to €7,048
- Taxes +€4,288
up €4,288 (+2014.9%), from €213 to €4,501
- Depreciation +€851
up €851 (+3.8%), from €22,663 to €23,515
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 | €502,414 | €592,659 | +€90,244 | +18.0% |
| Fixed assets | 21/28 | €204,612 | €280,227 | +€75,615 | +37.0% |
| Tangible fixed assets | 22/27 | €204,612 | €280,227 | +€75,615 | +37.0% |
| Plant, machinery and equipment | 23 | €3,080 | €1,969 | -€1,111 | -36.1% |
| Furniture and vehicles | 24 | €26,036 | €15,976 | -€10,060 | -38.6% |
| Other tangible fixed assets | 26 | €175,496 | €262,282 | +€86,786 | +49.5% |
| Current assets | 29/58 | €297,803 | €312,432 | +€14,629 | +4.9% |
| Amounts receivable within one year | 40/41 | €21,552 | €18,865 | -€2,687 | -12.5% |
| Trade receivables | 40 | €14,752 | €16,865 | +€2,113 | +14.3% |
| Other amounts receivable | 41 | €6,800 | €2,000 | -€4,800 | -70.6% |
| Current investments | 50/53 | €229,963 | €229,963 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,137 | €39,354 | -€3,783 | -8.8% |
| Deferred charges and accrued income | 490/1 | €3,150 | €24,250 | +€21,099 | +669.7% |
| Total equity and liabilities | 10/49 | €502,414 | €592,659 | +€90,244 | +18.0% |
| Equity | 10/15 | €417,382 | €363,686 | -€53,697 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,804 | €345,014 | +€43,209 | +14.3% |
| Distributable reserves | 133 | €301,804 | €345,014 | +€43,209 | +14.3% |
| Profit (loss) carried forward | 14 | €96,978 | €72 | -€96,906 | -99.9% |
| Amounts payable | 17/49 | €85,032 | €228,973 | +€143,941 | +169.3% |
| Amounts payable after more than one year | 17 | - | €75,206 | +€75,206 | |
| Financial debts | 170/4 | - | €75,206 | +€75,206 | |
| Amounts payable within one year | 42/48 | €85,032 | €153,767 | +€68,735 | +80.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,550 | +€11,550 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,812 | €6,350 | +€2,538 | +66.6% |
| Suppliers | 440/4 | €3,812 | €6,350 | +€2,538 | +66.6% |
| Taxes, remuneration and social security | 45 | €7,373 | €25,839 | +€18,466 | +250.5% |
| Taxes | 450/3 | €5,323 | €23,789 | +€18,466 | +346.9% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €73,847 | €110,028 | +€36,181 | +49.0% |
| Non-recurring operating income | 76A | - | €22,079 | +€22,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,663 | €23,515 | +€851 | +3.8% |
| Other operating charges | 640/8 | €712 | €759 | +€47 | +6.5% |
| Gross operating margin | 9900 | -€1,898 | €77,163 | +€79,061 | |
| Operating profit (loss) | 9901 | -€25,274 | €52,889 | +€78,163 | |
| Financial income | 75/76B | €1,173 | €1,869 | +€696 | +59.3% |
| Recurring financial income | 75 | €1,173 | €1,869 | +€696 | +59.3% |
| Financial charges | 65/66B | €812 | €7,048 | +€6,236 | +767.7% |
| Recurring financial charges | 65 | €812 | €7,048 | +€6,236 | +767.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,913 | €47,710 | +€72,623 | |
| Income taxes | 67/77 | €213 | €4,501 | +€4,288 | +2014.9% |
| Profit (loss) for the period | 9904 | -€25,126 | €43,209 | +€68,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,126 | €43,209 | +€68,335 |
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 5 October 2026 via checked.be.