CONDI: 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.
CONDI
Largest movements
- Cash +€51,597
up €51,597 (+159%), from €32,546 to €84,143
mainly Depreciation (+€45,905) and Net result for the year (+€27,424)
- Tangible fixed assets -€25,540
down €25,540 (-3.4%), from €758,172 to €732,632
of which Land and buildings: -€18,203
- Receivables within one year +€15,950
up €15,950 (+58.8%), from €27,111 to €43,060
of which Other amounts receivable: +€24,190
- Tax, wage and social debts +€23,557
up €23,557 (+212%), from €11,128 to €34,685
- Debts after one year +€14,235
up €14,235 (+7.2%), from €197,454 to €211,689
of which Financial debts: +€9,670
- Taxes +€10,569
up €10,569 (+82.1%), from €12,876 to €23,445
- Other operating charges -€4,484
down €4,484 (-26.3%), from €17,062 to €12,578
- Financial charges -€3,854
down €3,854 (-38.9%), from €9,902 to €6,048
- Gross operating margin +€3,694
up €3,694 (+3.4%), from €107,622 to €111,316
- Depreciation +€3,079
up €3,079 (+7.2%), from €42,827 to €45,905
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 | €818,008 | €861,556 | +€43,548 | +5.3% |
| Fixed assets | 21/28 | €758,172 | €732,632 | -€25,540 | -3.4% |
| Tangible fixed assets | 22/27 | €758,172 | €732,632 | -€25,540 | -3.4% |
| Land and buildings | 22 | €382,694 | €364,491 | -€18,203 | -4.8% |
| Furniture and vehicles | 24 | €375,478 | €368,141 | -€7,337 | -2.0% |
| Current assets | 29/58 | €59,836 | €128,924 | +€69,087 | +115% |
| Amounts receivable within one year | 40/41 | €27,111 | €43,060 | +€15,950 | +58.8% |
| Trade receivables | 40 | €8,688 | €448 | -€8,240 | -94.8% |
| Other amounts receivable | 41 | €18,422 | €42,612 | +€24,190 | +131% |
| Cash at bank and in hand | 54/58 | €32,546 | €84,143 | +€51,597 | +159% |
| Deferred charges and accrued income | 490/1 | €180 | €1,721 | +€1,541 | +856% |
| Total equity and liabilities | 10/49 | €818,008 | €861,556 | +€43,548 | +5.3% |
| Equity | 10/15 | €481,170 | €488,594 | +€7,424 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €344,634 | €352,058 | +€7,424 | +2.2% |
| Tax-exempt reserves | 132 | €171,986 | €153,425 | -€18,561 | -10.8% |
| Distributable reserves | 133 | €172,648 | €198,633 | +€25,984 | +15.1% |
| Profit (loss) carried forward | 14 | €117,936 | €117,936 | = | 0.0% |
| Provisions and deferred taxes | 16 | €77,535 | €73,507 | -€4,028 | -5.2% |
| Deferred taxes | 168 | €77,535 | €73,507 | -€4,028 | -5.2% |
| Amounts payable | 17/49 | €259,303 | €299,455 | +€40,152 | +15.5% |
| Amounts payable after more than one year | 17 | €197,454 | €211,689 | +€14,235 | +7.2% |
| Financial debts | 170/4 | €91,914 | €101,584 | +€9,670 | +10.5% |
| Other amounts payable | 178/9 | €105,540 | €110,105 | +€4,565 | +4.3% |
| Amounts payable within one year | 42/48 | €61,849 | €87,765 | +€25,916 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €22,360 | €18,972 | -€3,388 | -15.2% |
| Trade debts | 44 | €9,956 | €10,704 | +€748 | +7.5% |
| Suppliers | 440/4 | €9,956 | €10,704 | +€748 | +7.5% |
| Taxes, remuneration and social security | 45 | €11,128 | €34,685 | +€23,557 | +212% |
| Taxes | 450/3 | €11,128 | €34,685 | +€23,557 | +212% |
| Other amounts payable | 47/48 | €18,404 | €23,404 | +€5,000 | +27.2% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,827 | €45,905 | +€3,079 | +7.2% |
| Other operating charges | 640/8 | €17,062 | €12,578 | -€4,484 | -26.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €107,622 | €111,316 | +€3,694 | +3.4% |
| Operating profit (loss) | 9901 | €47,733 | €52,832 | +€5,099 | +10.7% |
| Financial income | 75/76B | €0 | €56 | +€56 | |
| Recurring financial income | 75 | €0 | €56 | +€56 | |
| Financial charges | 65/66B | €9,902 | €6,048 | -€3,854 | -38.9% |
| Recurring financial charges | 65 | €9,902 | €6,048 | -€3,854 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €37,831 | €46,841 | +€9,010 | +23.8% |
| Transfer from deferred taxes | 780 | €4,029 | €4,028 | -€1 | 0.0% |
| Income taxes | 67/77 | €12,876 | €23,445 | +€10,569 | +82.1% |
| Profit (loss) for the period | 9904 | €28,984 | €27,424 | -€1,560 | -5.4% |
| Transfer from tax-exempt reserves | 789 | €18,559 | €18,561 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,543 | €45,984 | -€1,559 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.