CONDERA: 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.
CONDERA
Largest movements
- Receivables within one year +€40,925
up €40,925 (+86.5%), from €47,314 to €88,239
of which Other amounts receivable: +€27,227
- Cash -€32,419
down €32,419 (-57.4%), from €56,512 to €24,093
mainly Contributions, distributions and other (-€58,117) and Receivables within one year (-€40,925)
- Current investments -€14,746
down €14,746 (-56.8%), from €25,964 to €11,218
- Tangible fixed assets -€14,576
down €14,576 (-4.9%), from €298,441 to €283,865
of which Land and buildings: -€9,196
- Receivables after one year -€6,250
no longer reported in 2025 (was €6,250)
- Reserves -€35,100
down €35,100 (-20.3%), from €173,224 to €138,124
of which Distributable reserves: -€35,100
- Debts after one year -€13,941
down €13,941 (-8.0%), from €173,780 to €159,839
- Tax, wage and social debts +€7,370
up €7,370 (+85.3%), from €8,644 to €16,014
- Contributions +€6,882
up €6,882 (+10.0%), from €68,820 to €75,702
- Gross operating margin -€18,218
down €18,218 (-23.4%), from €77,957 to €59,739
- Taxes -€5,408
down €5,408 (-29.0%), from €18,668 to €13,260
- Financial income +€4,965
up €4,965 (+264%), from €1,879 to €6,844
of which Non-recurring financial income: +€4,698
- Financial charges -€1,984
down €1,984 (-25.9%), from €7,651 to €5,667
- Depreciation -€1,359
down €1,359 (-7.7%), from €17,595 to €16,236
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 | €478,552 | €446,441 | -€32,111 | -6.7% |
| Fixed assets | 21/28 | €298,441 | €283,865 | -€14,576 | -4.9% |
| Tangible fixed assets | 22/27 | €298,441 | €283,865 | -€14,576 | -4.9% |
| Land and buildings | 22 | €275,888 | €266,692 | -€9,196 | -3.3% |
| Furniture and vehicles | 24 | €9,801 | €7,870 | -€1,931 | -19.7% |
| Other tangible fixed assets | 26 | €12,752 | €9,303 | -€3,449 | -27.0% |
| Current assets | 29/58 | €180,111 | €162,576 | -€17,535 | -9.7% |
| Amounts receivable after more than one year | 29 | €6,250 | - | -€6,250 | |
| Other amounts receivable | 291 | €6,250 | - | -€6,250 | |
| Amounts receivable within one year | 40/41 | €47,314 | €88,239 | +€40,925 | +86.5% |
| Trade receivables | 40 | €43,982 | €57,680 | +€13,698 | +31.1% |
| Other amounts receivable | 41 | €3,332 | €30,559 | +€27,227 | +817% |
| Current investments | 50/53 | €25,964 | €11,218 | -€14,746 | -56.8% |
| Cash at bank and in hand | 54/58 | €56,512 | €24,093 | -€32,419 | -57.4% |
| Deferred charges and accrued income | 490/1 | €44,071 | €39,026 | -€5,045 | -11.4% |
| Total equity and liabilities | 10/49 | €478,552 | €446,441 | -€32,111 | -6.7% |
| Equity | 10/15 | €251,865 | €223,726 | -€28,139 | -11.2% |
| Contributions | 10/11 | €68,820 | €75,702 | +€6,882 | +10.0% |
| Reserves | 13 | €173,224 | €138,124 | -€35,100 | -20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €171,364 | €136,264 | -€35,100 | -20.5% |
| Profit (loss) carried forward | 14 | €9,821 | €9,900 | +€79 | +0.8% |
| Amounts payable | 17/49 | €226,687 | €222,715 | -€3,972 | -1.8% |
| Amounts payable after more than one year | 17 | €173,780 | €159,839 | -€13,941 | -8.0% |
| Financial debts | 170/4 | €173,780 | €159,839 | -€13,941 | -8.0% |
| Amounts payable within one year | 42/48 | €52,907 | €62,876 | +€9,969 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €13,752 | €13,941 | +€189 | +1.4% |
| Trade debts | 44 | €97 | €2,440 | +€2,343 | +2,415% |
| Suppliers | 440/4 | €97 | €2,440 | +€2,343 | +2,415% |
| Taxes, remuneration and social security | 45 | €8,644 | €16,014 | +€7,370 | +85.3% |
| Taxes | 450/3 | €8,644 | €16,014 | +€7,370 | +85.3% |
| Other amounts payable | 47/48 | €30,414 | €30,481 | +€67 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,595 | €16,236 | -€1,359 | -7.7% |
| Other operating charges | 640/8 | €1,398 | €1,442 | +€44 | +3.1% |
| Gross operating margin | 9900 | €77,957 | €59,739 | -€18,218 | -23.4% |
| Operating profit (loss) | 9901 | €58,964 | €42,061 | -€16,903 | -28.7% |
| Financial income | 75/76B | €1,879 | €6,844 | +€4,965 | +264% |
| Recurring financial income | 75 | €1,879 | €2,146 | +€267 | +14.2% |
| Non-recurring financial income | 76B | - | €4,698 | +€4,698 | |
| Financial charges | 65/66B | €7,651 | €5,667 | -€1,984 | -25.9% |
| Recurring financial charges | 65 | €7,651 | €5,667 | -€1,984 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €53,192 | €43,238 | -€9,954 | -18.7% |
| Income taxes | 67/77 | €18,668 | €13,260 | -€5,408 | -29.0% |
| Profit (loss) for the period | 9904 | €34,524 | €29,978 | -€4,546 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,524 | €29,978 | -€4,546 | -13.2% |
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 31 October 2026 via checked.be.