CONDITOR: 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.
CONDITOR
Largest movements
- Tangible fixed assets -€57,882
down €57,882 (-5.3%), from €1.1m to €1.0m
- Debts after one year -€83,580
down €83,580 (-13.2%), from €631,066 to €547,486
- Reserves +€16,771
up €16,771 (+9.9%), from €169,118 to €185,889
of which Distributable reserves: +€16,771
- Other debts +€14,431
up €14,431 (+14.0%), from €102,796 to €117,227
- Gross operating margin +€3,004
up €3,004 (+2.1%), from €140,411 to €143,415
- Financial charges -€1,627
down €1,627 (-16.2%), from €10,070 to €8,443
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 | €1,107,935 | €1,052,630 | -€55,305 | -5.0% |
| Fixed assets | 21/28 | €1,082,589 | €1,024,707 | -€57,882 | -5.3% |
| Tangible fixed assets | 22/27 | €1,082,589 | €1,024,707 | -€57,882 | -5.3% |
| Land and buildings | 22 | €1,082,589 | €1,024,707 | -€57,882 | -5.3% |
| Current assets | 29/58 | €25,346 | €27,923 | +€2,577 | +10.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,213 | €22,673 | +€2,459 | +12.2% |
| Deferred charges and accrued income | 490/1 | €5,133 | €5,250 | +€117 | +2.3% |
| Total equity and liabilities | 10/49 | €1,107,935 | €1,052,630 | -€55,305 | -5.0% |
| Equity | 10/15 | €262,118 | €278,889 | +€16,771 | +6.4% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €169,118 | €185,889 | +€16,771 | +9.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €169,118 | €185,889 | +€16,771 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €845,817 | €773,742 | -€72,076 | -8.5% |
| Amounts payable after more than one year | 17 | €631,066 | €547,486 | -€83,580 | -13.2% |
| Financial debts | 170/4 | €631,066 | €547,486 | -€83,580 | -13.2% |
| Amounts payable within one year | 42/48 | €202,053 | €213,440 | +€11,387 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €82,587 | €83,580 | +€994 | +1.2% |
| Trade debts | 44 | €1,965 | €3,529 | +€1,565 | +79.7% |
| Suppliers | 440/4 | €1,965 | €3,529 | +€1,565 | +79.7% |
| Taxes, remuneration and social security | 45 | €14,706 | €9,104 | -€5,602 | -38.1% |
| Taxes | 450/3 | €14,706 | €9,104 | -€5,602 | -38.1% |
| Other amounts payable | 47/48 | €102,796 | €117,227 | +€14,431 | +14.0% |
| Accrued charges and deferred income | 492/3 | €12,698 | €12,815 | +€117 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,882 | €57,882 | = | 0.0% |
| Other operating charges | 640/8 | €6,155 | €6,287 | +€132 | +2.1% |
| Gross operating margin | 9900 | €140,411 | €143,415 | +€3,004 | +2.1% |
| Operating profit (loss) | 9901 | €76,374 | €79,247 | +€2,872 | +3.8% |
| Financial charges | 65/66B | €10,070 | €8,443 | -€1,627 | -16.2% |
| Recurring financial charges | 65 | €10,070 | €8,443 | -€1,627 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €66,304 | €70,803 | +€4,499 | +6.8% |
| Income taxes | 67/77 | €21,296 | €22,528 | +€1,233 | +5.8% |
| Profit (loss) for the period | 9904 | €45,008 | €48,275 | +€3,267 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,008 | €48,275 | +€3,267 | +7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.