CONDOMINIUM II: 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.
What changed
CONDOMINIUM II
NACE 68.121, Development of residential building projects
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€110,393
2023 · €342,258-€231,865
Equity
€525,446
2023 · €415,053+€110,393
Cash
€7,414
2023 · €1,247+€6,167
Balance sheet total
€1.8m
2023 · €1.4m+€392,435
Largest movements
Assets
- Stocks and contracts +€403,374
up €403,374 (+47.2%), from €854,192 to €1.3m
Equity and liabilities
- Debts after one year +€162,617
up €162,617 (+6822.6%), from €2,384 to €165,000
- Profit (loss) carried forward +€110,393
up €110,393 (+6.5%), from -€1.7m to -€1.6m
- Other debts +€86,282
up €86,282 (+9.3%), from €931,641 to €1.0m
- Trade debts +€34,307
up €34,307 (+215.2%), from €15,941 to €50,249
Income statement
- Gross operating margin -€252,421
down €252,421 (-72.9%), from €346,265 to €93,845
- Financial income +€249,930
up €249,930 (+41310.0%), from €605 to €250,535
of which Non-recurring financial income: +€227,000
From the 2023 result to the 2024 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.
Result 2023
€342,258
Gross operating margin
-€252,421
Depreciation
+€490
Other operating charges
-€676
Other operating items
-€227,000
Financial income
+€249,930
Financial charges
-€2,188
Result 2024
€110,393
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€168,190
Investment
+€12,903
Financing
+€161,454
Cash 2023
€1,247
From operations (derived)
-€168,190
Net result for the year
+€110,393
Depreciation
+€398
Stocks and contracts
-€403,374
Receivables within one year
+€3,517
Deferred charges and accrued income
+€287
Trade debts
+€34,307
Other debts
+€86,282
Investment (derived)
+€12,903
Investment in fixed assets (net)
+€12,903
Financing
+€161,454
Debts after one year
+€162,617
Current portion of long-term debt
-€1,163
Cash 2024
€7,414
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,814 | €1,773,250 | +€392,435 | +28.4% |
| Fixed assets | 21/28 | €35,459 | €22,157 | -€13,302 | -37.5% |
| Intangible fixed assets | 21 | €398 | €0 | -€398 | -100.0% |
| Tangible fixed assets | 22/27 | €19,678 | €19,678 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €19,678 | €19,678 | = | 0.0% |
| Financial fixed assets | 28 | €15,382 | €2,479 | -€12,903 | -83.9% |
| Current assets | 29/58 | €1,345,356 | €1,751,093 | +€405,737 | +30.2% |
| Stocks and contracts in progress | 3 | €854,192 | €1,257,566 | +€403,374 | +47.2% |
| Contracts in progress | 37 | €854,192 | €1,257,566 | +€403,374 | +47.2% |
| Amounts receivable within one year | 40/41 | €489,367 | €485,850 | -€3,517 | -0.7% |
| Trade receivables | 40 | €428,475 | €428,475 | = | 0.0% |
| Other amounts receivable | 41 | €60,892 | €57,375 | -€3,517 | -5.8% |
| Cash at bank and in hand | 54/58 | €1,247 | €7,414 | +€6,167 | +494.5% |
| Deferred charges and accrued income | 490/1 | €549 | €263 | -€287 | -52.2% |
| Total equity and liabilities | 10/49 | €1,380,814 | €1,773,250 | +€392,435 | +28.4% |
| Equity | 10/15 | €415,053 | €525,446 | +€110,393 | +26.6% |
| Contributions | 10/11 | €1,196,840 | €1,196,840 | = | 0.0% |
| Reserves | 13 | €926,057 | €926,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,184 | - | -€37,184 | |
| Reserves not available under the articles | 1311 | €37,184 | - | -€37,184 | |
| Tax-exempt reserves | 132 | €888,873 | €888,873 | = | 0.0% |
| Distributable reserves | 133 | - | €37,184 | +€37,184 | |
| Profit (loss) carried forward | 14 | -€1,707,844 | -€1,597,452 | +€110,393 | +6.5% |
| Amounts payable | 17/49 | €965,761 | €1,247,804 | +€282,043 | +29.2% |
| Amounts payable after more than one year | 17 | €2,384 | €165,000 | +€162,617 | +6822.6% |
| Financial debts | 170/4 | €2,384 | €165,000 | +€162,617 | +6822.6% |
| Amounts payable within one year | 42/48 | €963,378 | €1,082,804 | +€119,426 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €3,546 | €2,383 | -€1,163 | -32.8% |
| Trade debts | 44 | €15,941 | €50,249 | +€34,307 | +215.2% |
| Suppliers | 440/4 | €15,941 | €50,249 | +€34,307 | +215.2% |
| Taxes, remuneration and social security | 45 | €12,250 | €12,250 | = | 0.0% |
| Taxes | 450/3 | €12,250 | €12,250 | = | 0.0% |
| Other amounts payable | 47/48 | €931,641 | €1,017,922 | +€86,282 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €398 | -€490 | -55.1% |
| Other operating charges | 640/8 | €1,343 | €2,018 | +€676 | +50.3% |
| Non-recurring operating charges | 66A | - | €227,000 | +€227,000 | |
| Gross operating margin | 9900 | €346,265 | €93,845 | -€252,421 | -72.9% |
| Operating profit (loss) | 9901 | €344,035 | -€135,572 | -€479,607 | |
| Financial income | 75/76B | €605 | €250,535 | +€249,930 | +41310.0% |
| Recurring financial income | 75 | €605 | €23,535 | +€22,930 | +3790.0% |
| Non-recurring financial income | 76B | - | €227,000 | +€227,000 | |
| Financial charges | 65/66B | €2,382 | €4,570 | +€2,188 | +91.9% |
| Recurring financial charges | 65 | €2,382 | €4,570 | +€2,188 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €342,258 | €110,393 | -€231,865 | -67.7% |
| Profit (loss) for the period | 9904 | €342,258 | €110,393 | -€231,865 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €342,258 | €110,393 | -€231,865 | -67.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.