CONDILUX: 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.
CONDILUX
Largest movements
- Receivables within one year +€25,906
up €25,906 (+94.3%), from €27,467 to €53,373
of which Trade receivables: +€30,000
- Tangible fixed assets -€9,240
down €9,240 (-25.4%), from €36,401 to €27,161
of which Furniture and vehicles: -€4,773
- Intangible fixed assets -€5,729
down €5,729 (-14.2%), from €40,377 to €34,648
- Tax, wage and social debts +€28,202
up €28,202 (+58.9%), from €47,892 to €76,094
of which Remuneration and social security: +€22,818
- Trade debts -€8,346
down €8,346 (-45.6%), from €18,310 to €9,964
- Investment grants -€4,958
down €4,958 (-14.0%), from €35,502 to €30,544
- Debts after one year -€4,688
no longer reported in 2025 (was €4,688)
- Gross operating margin +€96,922
up €96,922 (+23.3%), from €416,474 to €513,395
- Staff costs +€96,556
up €96,556 (+26.1%), from €369,495 to €466,051
- Other operating charges +€5,777
up €5,777 (+23.2%), from €24,892 to €30,670
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 | €137,286 | €148,239 | +€10,953 | +8.0% |
| Formation expenses | 20 | €0 | €0 | = | 0.0% |
| Fixed assets | 21/28 | €77,141 | €62,173 | -€14,969 | -19.4% |
| Intangible fixed assets | 21 | €40,377 | €34,648 | -€5,729 | -14.2% |
| Tangible fixed assets | 22/27 | €36,401 | €27,161 | -€9,240 | -25.4% |
| Land and buildings | 22 | €2,904 | €2,602 | -€302 | -10.4% |
| Plant, machinery and equipment | 23 | €10,380 | €8,889 | -€1,491 | -14.4% |
| Furniture and vehicles | 24 | €11,664 | €6,892 | -€4,773 | -40.9% |
| Other tangible fixed assets | 26 | €11,453 | €8,779 | -€2,674 | -23.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €60,145 | €86,066 | +€25,921 | +43.1% |
| Amounts receivable within one year | 40/41 | €27,467 | €53,373 | +€25,906 | +94.3% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €27,467 | €23,373 | -€4,094 | -14.9% |
| Cash at bank and in hand | 54/58 | €30,090 | €30,861 | +€771 | +2.6% |
| Deferred charges and accrued income | 490/1 | €2,588 | €1,832 | -€756 | -29.2% |
| Total equity and liabilities | 10/49 | €137,286 | €148,239 | +€10,953 | +8.0% |
| Equity | 10/15 | €61,356 | €57,493 | -€3,862 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,394 | €6,489 | +€1,096 | +20.3% |
| Investment grants | 15 | €35,502 | €30,544 | -€4,958 | -14.0% |
| Amounts payable | 17/49 | €75,931 | €90,746 | +€14,815 | +19.5% |
| Amounts payable after more than one year | 17 | €4,688 | - | -€4,688 | |
| Financial debts | 170/4 | €4,688 | - | -€4,688 | |
| Amounts payable within one year | 42/48 | €71,243 | €90,746 | +€19,502 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €5,041 | €4,688 | -€353 | -7.0% |
| Trade debts | 44 | €18,310 | €9,964 | -€8,346 | -45.6% |
| Suppliers | 440/4 | €18,310 | €9,964 | -€8,346 | -45.6% |
| Taxes, remuneration and social security | 45 | €47,892 | €76,094 | +€28,202 | +58.9% |
| Taxes | 450/3 | €5,610 | €10,994 | +€5,384 | +96.0% |
| Remuneration and social security | 454/9 | €42,282 | €65,100 | +€22,818 | +54.0% |
| Remuneration, social security and pensions | 62 | €369,495 | €466,051 | +€96,556 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,249 | €14,969 | +€719 | +5.0% |
| Other operating charges | 640/8 | €24,892 | €30,670 | +€5,777 | +23.2% |
| Gross operating margin | 9900 | €416,474 | €513,395 | +€96,922 | +23.3% |
| Operating profit (loss) | 9901 | €7,837 | €1,706 | -€6,131 | -78.2% |
| Financial income | 75/76B | €4,958 | €4,958 | = | 0.0% |
| Recurring financial income | 75 | €4,958 | €4,958 | = | 0.0% |
| Financial charges | 65/66B | €419 | €833 | +€414 | +98.8% |
| Recurring financial charges | 65 | €419 | €833 | +€414 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €12,376 | €5,831 | -€6,545 | -52.9% |
| Income taxes | 67/77 | €5,610 | €4,735 | -€875 | -15.6% |
| Profit (loss) for the period | 9904 | €6,766 | €1,096 | -€5,671 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,766 | €1,096 | -€5,671 | -83.8% |
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 6 October 2026 via checked.be.