Condo: what changed
Condo
Largest movements
- Receivables within one year +€96,074
up €96,074 (+366%), from €26,227 to €122,301
of which Other amounts receivable: +€96,149
- Cash -€60,237
down €60,237 (-48.2%), from €124,900 to €64,662
mainly Receivables within one year (-€96,074) and Other debts (-€40,635)
- Tangible fixed assets -€33,287
down €33,287 (-16.7%), from €199,702 to €166,415
- Current investments +€24,000
up €24,000 (+39.7%), from €60,528 to €84,528
- Reserves +€75,243
up €75,243 (+29.7%), from €253,091 to €328,334
- Other debts -€40,635
down €40,635 (-96.1%), from €42,301 to €1,666
- Tax, wage and social debts +€26,808
up €26,808 (+199%), from €13,462 to €40,270
- Debts after one year -€23,120
down €23,120 (-47.7%), from €48,504 to €25,384
- Current portion of long-term debt -€8,393
down €8,393 (-26.6%), from €31,513 to €23,120
- Gross operating margin +€9,372
up €9,372 (+6.8%), from €137,710 to €147,082
- Financial income +€4,147
up €4,147 (+635%), from €653 to €4,800
of which Financial income: +€4,147
- Taxes +€3,812
up €3,812 (+13.0%), from €29,324 to €33,136
- Depreciation -€2,280
down €2,280 (-6.4%), from €35,567 to €33,287
- Financial charges +€1,495
up €1,495 (+30.5%), from €4,897 to €6,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,878 | €445,307 | +€25,429 | +6.1% |
| Fixed assets | 21/28 | €199,702 | €166,415 | -€33,287 | -16.7% |
| Tangible fixed assets | 22/27 | €199,702 | €166,415 | -€33,287 | -16.7% |
| Land and buildings | 22 | €164,111 | €149,255 | -€14,856 | -9.1% |
| Plant, machinery and equipment | 23 | €1,015 | €0 | -€1,015 | -100% |
| Furniture and vehicles | 24 | €13,597 | €0 | -€13,597 | -100% |
| Other tangible fixed assets | 26 | €20,980 | €17,160 | -€3,820 | -18.2% |
| Current assets | 29/58 | €220,176 | €278,892 | +€58,716 | +26.7% |
| Amounts receivable within one year | 40/41 | €26,227 | €122,301 | +€96,074 | +366% |
| Trade receivables | 40 | €25,977 | €25,902 | -€75 | -0.3% |
| Other amounts receivable | 41 | €250 | €96,399 | +€96,149 | +38,459% |
| Current investments | 50/53 | €60,528 | €84,528 | +€24,000 | +39.7% |
| Cash at bank and in hand | 54/58 | €124,900 | €64,662 | -€60,237 | -48.2% |
| Deferred charges and accrued income | 490/1 | €8,522 | €7,401 | -€1,121 | -13.2% |
| Total equity and liabilities | 10/49 | €419,878 | €445,307 | +€25,429 | +6.1% |
| Equity | 10/15 | €281,289 | €354,866 | +€73,577 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €253,091 | €328,334 | +€75,243 | +29.7% |
| Distributable reserves | 133 | €253,091 | €328,334 | +€75,243 | +29.7% |
| Profit (loss) carried forward | 14 | €21,998 | €20,332 | -€1,666 | -7.6% |
| Amounts payable | 17/49 | €138,589 | €90,440 | -€48,149 | -34.7% |
| Amounts payable after more than one year | 17 | €48,504 | €25,384 | -€23,120 | -47.7% |
| Financial debts | 170/4 | €48,504 | €25,384 | -€23,120 | -47.7% |
| Amounts payable within one year | 42/48 | €88,521 | €65,056 | -€23,465 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €31,513 | €23,120 | -€8,393 | -26.6% |
| Trade debts | 44 | €1,245 | €0 | -€1,245 | -100% |
| Suppliers | 440/4 | €1,245 | €0 | -€1,245 | -100% |
| Taxes, remuneration and social security | 45 | €13,462 | €40,270 | +€26,808 | +199% |
| Taxes | 450/3 | €13,462 | €40,270 | +€26,808 | +199% |
| Other amounts payable | 47/48 | €42,301 | €1,666 | -€40,635 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,563 | €0 | -€1,563 | -100% |
| Non-recurring operating income | 76A | - | €9,500 | +€9,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,567 | €33,287 | -€2,280 | -6.4% |
| Other operating charges | 640/8 | €3,258 | €3,825 | +€567 | +17.4% |
| Gross operating margin | 9900 | €137,710 | €147,082 | +€9,372 | +6.8% |
| Operating profit (loss) | 9901 | €98,885 | €109,970 | +€11,085 | +11.2% |
| Financial income | 75/76B | €653 | €4,800 | +€4,147 | +635% |
| Recurring financial income | 75 | €653 | €4,800 | +€4,147 | +635% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,897 | €6,392 | +€1,495 | +30.5% |
| Recurring financial charges | 65 | €4,897 | €6,392 | +€1,495 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €94,642 | €108,379 | +€13,737 | +14.5% |
| Income taxes | 67/77 | €29,324 | €33,136 | +€3,812 | +13.0% |
| Profit (loss) for the period | 9904 | €65,318 | €75,243 | +€9,925 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,318 | €75,243 | +€9,925 | +15.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.