CONDIUS: 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.
CONDIUS
Largest movements
- Stocks and contracts +€3.2m
up €3.2m (+11.2%), from €28.8m to €32.1m
- Receivables within one year -€2.7m
down €2.7m (-90.8%), from €3.0m to €273,738
of which Other amounts receivable: -€2.7m
- Cash +€943,640
up €943,640 (+440.9%), from €214,047 to €1.2m
mainly Net result for the year (+€3.9m) and Receivables within one year (+€2.7m)
- Reserves +€3.9m
up €3.9m (+36.5%), from €10.7m to €14.6m
of which Distributable reserves: +€4.6m
- Other debts -€3.1m
down €3.1m (-41.3%), from €7.6m to €4.5m
- Short-term financial debts +€578,458
up €578,458 (+3.2%), from €18.0m to €18.6m
- Financial income +€3.1m
up €3.1m (+3020.5%), from €102,227 to €3.2m
- Gross operating margin +€888,126
up €888,126 (+70.3%), from €1.3m to €2.2m
- Taxes +€246,138
up €246,138 (+3686.6%), from €6,677 to €252,814
- Financial charges -€155,434
down €155,434 (-11.6%), from €1.3m to €1.2m
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 | €38,447,822 | €39,760,673 | +€1.3m | +3.4% |
| Fixed assets | 21/28 | €6,037,671 | €6,037,671 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,075 | €12,075 | = | 0.0% |
| Furniture and vehicles | 24 | €12,075 | €12,075 | = | 0.0% |
| Financial fixed assets | 28 | €6,025,596 | €6,025,596 | = | 0.0% |
| Current assets | 29/58 | €32,410,150 | €33,723,002 | +€1.3m | +4.1% |
| Stocks and contracts in progress | 3 | €28,826,451 | €32,065,537 | +€3.2m | +11.2% |
| Stocks | 30/36 | €28,826,451 | €32,065,537 | +€3.2m | +11.2% |
| Amounts receivable within one year | 40/41 | €2,979,653 | €273,738 | -€2.7m | -90.8% |
| Trade receivables | 40 | €36,563 | €36,563 | = | 0.0% |
| Other amounts receivable | 41 | €2,943,090 | €237,174 | -€2.7m | -91.9% |
| Current investments | 50/53 | €122,000 | €122,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,047 | €1,157,687 | +€943,640 | +440.9% |
| Deferred charges and accrued income | 490/1 | €268,000 | €104,040 | -€163,960 | -61.2% |
| Total equity and liabilities | 10/49 | €38,447,822 | €39,760,673 | +€1.3m | +3.4% |
| Equity | 10/15 | €12,496,721 | €16,405,685 | +€3.9m | +31.3% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €10,696,721 | €14,605,685 | +€3.9m | +36.5% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Legal reserve | 130 | €180,000 | €180,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,919,299 | €1,238,927 | -€680,371 | -35.4% |
| Distributable reserves | 133 | €8,597,422 | €13,186,757 | +€4.6m | +53.4% |
| Amounts payable | 17/49 | €25,951,101 | €23,354,988 | -€2.6m | -10.0% |
| Amounts payable within one year | 42/48 | €25,950,629 | €23,335,638 | -€2.6m | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €165,331 | €176,276 | +€10,944 | +6.6% |
| Financial debts | 43 | €18,024,446 | €18,602,904 | +€578,458 | +3.2% |
| Credit institutions | 430/8 | €18,024,446 | €18,602,904 | +€578,458 | +3.2% |
| Trade debts | 44 | €104,975 | €37,193 | -€67,783 | -64.6% |
| Suppliers | 440/4 | €104,975 | €37,193 | -€67,783 | -64.6% |
| Taxes, remuneration and social security | 45 | €49,020 | €54,747 | +€5,727 | +11.7% |
| Taxes | 450/3 | €49,020 | €54,747 | +€5,727 | +11.7% |
| Other amounts payable | 47/48 | €7,606,857 | €4,464,519 | -€3.1m | -41.3% |
| Accrued charges and deferred income | 492/3 | €472 | €19,350 | +€18,878 | +4003.2% |
| Non-recurring operating income | 76A | €5,950 | €10,000 | +€4,050 | +68.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,715 | €776 | -€6,939 | -89.9% |
| Gross operating margin | 9900 | €1,263,551 | €2,151,677 | +€888,126 | +70.3% |
| Operating profit (loss) | 9901 | €1,255,836 | €2,150,901 | +€895,065 | +71.3% |
| Financial income | 75/76B | €102,227 | €3,189,972 | +€3.1m | +3020.5% |
| Recurring financial income | 75 | €102,227 | €3,189,972 | +€3.1m | +3020.5% |
| Financial charges | 65/66B | €1,334,529 | €1,179,095 | -€155,434 | -11.6% |
| Recurring financial charges | 65 | €1,334,529 | €1,179,095 | -€155,434 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €23,534 | €4,161,778 | +€4.1m | +17584.2% |
| Income taxes | 67/77 | €6,677 | €252,814 | +€246,138 | +3686.6% |
| Profit (loss) for the period | 9904 | €16,857 | €3,908,964 | +€3.9m | +23088.5% |
| Transfer from tax-exempt reserves | 789 | €182,671 | €680,371 | +€497,700 | +272.5% |
| Profit (loss) for the period to be appropriated | 9905 | €199,528 | €4,589,336 | +€4.4m | +2200.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.