CONDOR: 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.
CONDOR
Largest movements
- Cash -€4,417
down €4,417 (-30.1%), from €14,678 to €10,261
mainly Other debts (-€5,929) and Net result for the year (-€2,726)
- Tangible fixed assets -€4,238
down €4,238 (-10.6%), from €40,158 to €35,920
- Other debts -€5,929
down €5,929 (-7.1%), from €83,591 to €77,662
- Profit (loss) carried forward -€2,726
down €2,726 (-3.9%), from -€69,998 to -€72,724
- Other operating charges +€433
up €433 (+41.3%), from €1,047 to €1,480
- Depreciation -€142
down €142 (-3.2%), from €4,380 to €4,238
- Gross operating margin +€49
up €49 (+1.6%), from €2,990 to €3,038
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 | €55,708 | €47,052 | -€8,655 | -15.5% |
| Fixed assets | 21/28 | €40,174 | €35,936 | -€4,238 | -10.5% |
| Tangible fixed assets | 22/27 | €40,158 | €35,920 | -€4,238 | -10.6% |
| Land and buildings | 22 | €40,158 | €35,920 | -€4,238 | -10.6% |
| Financial fixed assets | 28 | €16 | €16 | = | 0.0% |
| Current assets | 29/58 | €15,534 | €11,116 | -€4,417 | -28.4% |
| Stocks and contracts in progress | 3 | €855 | €855 | = | 0.0% |
| Stocks | 30/36 | €855 | €855 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,678 | €10,261 | -€4,417 | -30.1% |
| Total equity and liabilities | 10/49 | €55,708 | €47,052 | -€8,655 | -15.5% |
| Equity | 10/15 | -€28,761 | -€31,487 | -€2,726 | -9.5% |
| Contributions | 10/11 | €13,676 | €13,676 | = | 0.0% |
| Reserves | 13 | €27,562 | €27,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,702 | €25,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,998 | -€72,724 | -€2,726 | -3.9% |
| Amounts payable | 17/49 | €84,468 | €78,539 | -€5,929 | -7.0% |
| Amounts payable within one year | 42/48 | €84,468 | €78,539 | -€5,929 | -7.0% |
| Trade debts | 44 | €877 | €877 | = | 0.0% |
| Suppliers | 440/4 | €877 | €877 | = | 0.0% |
| Other amounts payable | 47/48 | €83,591 | €77,662 | -€5,929 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,380 | €4,238 | -€142 | -3.2% |
| Other operating charges | 640/8 | €1,047 | €1,480 | +€433 | +41.3% |
| Gross operating margin | 9900 | €2,990 | €3,038 | +€49 | +1.6% |
| Operating profit (loss) | 9901 | -€2,437 | -€2,680 | -€243 | -10.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,473 | -€2,726 | -€253 | -10.2% |
| Profit (loss) for the period | 9904 | -€2,473 | -€2,726 | -€253 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,473 | -€2,726 | -€253 | -10.2% |
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 15 October 2026 via checked.be.