CONDIJTS: 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.
CONDIJTS
Largest movements
- Stocks and contracts -€106,417
down €106,417 (-54.5%), from €195,090 to €88,673
- Cash +€37,200
up €37,200 (+109.6%), from €33,943 to €71,142
mainly Stocks and contracts (+€106,417) and Debts after one year (+€35,420)
- Receivables within one year +€33,929
up €33,929 (+39.3%), from €86,352 to €120,281
of which Other amounts receivable: +€30,730
- Tangible fixed assets -€6,138
down €6,138 (-57.3%), from €10,704 to €4,565
of which Leasing and similar rights: -€4,607
- Deferred charges and accrued income -€3,755
down €3,755 (-76.8%), from €4,888 to €1,133
- Short-term financial debts -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Debts after one year +€35,420
new in 2025: €35,420
- Current portion of long-term debt +€8,611
up €8,611 (+1190.2%), from €724 to €9,334
- Reserves +€7,678
up €7,678 (+12.8%), from €59,950 to €67,628
- Trade debts +€3,988
new in 2025: €3,988
- Financial charges -€3,661
down €3,661 (-23.3%), from €15,695 to €12,034
- Depreciation -€2,763
down €2,763 (-63.4%), from €4,356 to €1,593
- Gross operating margin -€2,564
down €2,564 (-10.0%), from €25,534 to €22,970
- Taxes +€903
new in 2025: €903
- Financial income +€899
up €899 (+44.6%), from €2,017 to €2,916
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 | €331,046 | €285,865 | -€45,181 | -13.6% |
| Fixed assets | 21/28 | €10,774 | €4,636 | -€6,138 | -57.0% |
| Tangible fixed assets | 22/27 | €10,704 | €4,565 | -€6,138 | -57.3% |
| Land and buildings | 22 | €5,454 | €4,565 | -€888 | -16.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €643 | €0 | -€643 | -100.0% |
| Leasing and similar rights | 25 | €4,607 | - | -€4,607 | |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €320,272 | €281,229 | -€39,043 | -12.2% |
| Stocks and contracts in progress | 3 | €195,090 | €88,673 | -€106,417 | -54.5% |
| Stocks | 30/36 | €195,090 | €88,673 | -€106,417 | -54.5% |
| Amounts receivable within one year | 40/41 | €86,352 | €120,281 | +€33,929 | +39.3% |
| Trade receivables | 40 | €46,073 | €49,271 | +€3,199 | +6.9% |
| Other amounts receivable | 41 | €40,280 | €71,010 | +€30,730 | +76.3% |
| Cash at bank and in hand | 54/58 | €33,943 | €71,142 | +€37,200 | +109.6% |
| Deferred charges and accrued income | 490/1 | €4,888 | €1,133 | -€3,755 | -76.8% |
| Total equity and liabilities | 10/49 | €331,046 | €285,865 | -€45,181 | -13.6% |
| Equity | 10/15 | €78,068 | €86,220 | +€8,151 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €59,950 | €67,628 | +€7,678 | +12.8% |
| Distributable reserves | 133 | €59,950 | €67,628 | +€7,678 | +12.8% |
| Profit (loss) carried forward | 14 | -€474 | €0 | +€474 | |
| Amounts payable | 17/49 | €252,978 | €199,645 | -€53,333 | -21.1% |
| Amounts payable after more than one year | 17 | - | €35,420 | +€35,420 | |
| Financial debts | 170/4 | - | €35,420 | +€35,420 | |
| Amounts payable within one year | 42/48 | €252,978 | €164,225 | -€88,753 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €724 | €9,334 | +€8,611 | +1190.2% |
| Financial debts | 43 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Credit institutions | 430/8 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Trade debts | 44 | - | €3,988 | +€3,988 | |
| Suppliers | 440/4 | - | €3,988 | +€3,988 | |
| Taxes, remuneration and social security | 45 | €2,254 | €903 | -€1,352 | -60.0% |
| Taxes | 450/3 | €2,254 | €903 | -€1,352 | -60.0% |
| Non-recurring operating income | 76A | - | €5,063 | +€5,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €1,593 | -€2,763 | -63.4% |
| Other operating charges | 640/8 | €528 | €159 | -€369 | -69.9% |
| Non-recurring operating charges | 66A | €5,012 | €3,045 | -€1,967 | -39.2% |
| Gross operating margin | 9900 | €25,534 | €22,970 | -€2,564 | -10.0% |
| Operating profit (loss) | 9901 | €15,637 | €18,173 | +€2,535 | +16.2% |
| Financial income | 75/76B | €2,017 | €2,916 | +€899 | +44.6% |
| Recurring financial income | 75 | €2,017 | €2,916 | +€899 | +44.6% |
| Financial charges | 65/66B | €15,695 | €12,034 | -€3,661 | -23.3% |
| Recurring financial charges | 65 | €15,695 | €12,034 | -€3,661 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €1,959 | €9,054 | +€7,095 | +362.1% |
| Income taxes | 67/77 | - | €903 | +€903 | |
| Profit (loss) for the period | 9904 | €1,959 | €8,151 | +€6,192 | +316.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,959 | €8,151 | +€6,192 | +316.1% |
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 11 October 2026 via checked.be.