CONDIMUS: 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.
CONDIMUS
Largest movements
- Cash +€92,599
up €92,599 (+183%), from €50,616 to €143,216
mainly Net result for the year (+€64,072) and Receivables within one year (+€34,923)
- Receivables within one year -€34,923
down €34,923 (-40.9%), from €85,347 to €50,424
of which Trade receivables: -€33,426
- Tangible fixed assets +€16,221
up €16,221 (+101%), from €16,093 to €32,314
of which Furniture and vehicles: +€17,673
- Reserves +€64,072
up €64,072 (+50.7%), from €126,446 to €190,518
- Tax, wage and social debts +€13,538
up €13,538 (+783%), from €1,729 to €15,267
- Other debts -€4,405
down €4,405 (-93.4%), from €4,718 to €312
- Gross operating margin +€74,694
up €74,694 (+336%), from €22,228 to €96,922
- Taxes +€15,428
up €15,428 (+784%), from €1,968 to €17,396
- Depreciation +€8,730
up €8,730 (+158%), from €5,539 to €14,270
- Financial charges -€1,265
down €1,265 (-92.4%), from €1,369 to €104
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 | €152,056 | €225,954 | +€73,898 | +48.6% |
| Fixed assets | 21/28 | €16,093 | €32,314 | +€16,221 | +101% |
| Tangible fixed assets | 22/27 | €16,093 | €32,314 | +€16,221 | +101% |
| Plant, machinery and equipment | 23 | €1,255 | €533 | -€723 | -57.6% |
| Furniture and vehicles | 24 | €10,817 | €28,490 | +€17,673 | +163% |
| Other tangible fixed assets | 26 | €4,020 | €3,291 | -€729 | -18.1% |
| Current assets | 29/58 | €135,963 | €193,640 | +€57,677 | +42.4% |
| Amounts receivable within one year | 40/41 | €85,347 | €50,424 | -€34,923 | -40.9% |
| Trade receivables | 40 | €83,719 | €50,292 | -€33,426 | -39.9% |
| Other amounts receivable | 41 | €1,628 | €132 | -€1,497 | -91.9% |
| Cash at bank and in hand | 54/58 | €50,616 | €143,216 | +€92,599 | +183% |
| Total equity and liabilities | 10/49 | €152,056 | €225,954 | +€73,898 | +48.6% |
| Equity | 10/15 | €145,046 | €209,118 | +€64,072 | +44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,446 | €190,518 | +€64,072 | +50.7% |
| Distributable reserves | 133 | €126,446 | €190,518 | +€64,072 | +50.7% |
| Amounts payable | 17/49 | €7,010 | €16,836 | +€9,826 | +140% |
| Amounts payable within one year | 42/48 | €7,010 | €16,836 | +€9,826 | +140% |
| Trade debts | 44 | €564 | €1,257 | +€694 | +123% |
| Suppliers | 440/4 | €564 | €1,257 | +€694 | +123% |
| Taxes, remuneration and social security | 45 | €1,729 | €15,267 | +€13,538 | +783% |
| Taxes | 450/3 | €1,729 | €15,267 | +€13,538 | +783% |
| Other amounts payable | 47/48 | €4,718 | €312 | -€4,405 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,539 | €14,270 | +€8,730 | +158% |
| Other operating charges | 640/8 | €1,766 | €1,559 | -€207 | -11.7% |
| Gross operating margin | 9900 | €22,228 | €96,922 | +€74,694 | +336% |
| Operating profit (loss) | 9901 | €14,922 | €81,093 | +€66,171 | +443% |
| Financial income | 75/76B | €327 | €480 | +€152 | +46.5% |
| Recurring financial income | 75 | €327 | €480 | +€152 | +46.5% |
| Financial charges | 65/66B | €1,369 | €104 | -€1,265 | -92.4% |
| Recurring financial charges | 65 | €1,369 | €104 | -€1,265 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €13,880 | €81,468 | +€67,589 | +487% |
| Income taxes | 67/77 | €1,968 | €17,396 | +€15,428 | +784% |
| Profit (loss) for the period | 9904 | €11,912 | €64,072 | +€52,160 | +438% |
| Profit (loss) for the period to be appropriated | 9905 | €11,912 | €64,072 | +€52,160 | +438% |
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 21 October 2026 via checked.be.