CONDOR: what changed
What changed
CONDOR
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€48,749
2024 · -€27,552-€21,197
Equity
-€85,144
2024 · -€36,395-€48,749
Cash
€3,415
2024 · €2,493+€922
Balance sheet total
€193,378
2024 · €184,436+€8,942
Largest movements
Assets
- Tangible fixed assets +€8,538
up €8,538 (+5.8%), from €147,039 to €155,577
of which Furniture and vehicles: +€14,352
Equity and liabilities
- Other debts +€51,439
up €51,439 (+58.2%), from €88,327 to €139,767
- Profit (loss) carried forward -€48,749
down €48,749 (-52.7%), from -€92,579 to -€141,328
- Trade debts +€6,251
up €6,251 (+91.1%), from €6,864 to €13,115
Income statement
- Gross operating margin -€15,487
down €15,487 (-97.0%), from -€15,972 to -€31,459
- Depreciation +€4,830
up €4,830 (+48.4%), from €9,977 to €14,807
- Other operating charges +€731
up €731 (+53.9%), from €1,355 to €2,086
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.
Result 2024
-€27,552
Gross operating margin
-€15,487
Depreciation
-€4,830
Other operating charges
-€731
Other operating items
-€108
Financial income
-€18
Financial charges
-€22
Result 2025
-€48,749
lowers the resultnot broken down further in the accounts
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.
From operations
+€24,267
Investment
-€23,345
Financing
€0
Cash 2024
€2,493
From operations (derived)
+€24,267
Net result for the year
-€48,749
Depreciation
+€14,807
Receivables within one year
+€1,248
Deferred charges and accrued income
-€730
Trade debts
+€6,251
Other debts
+€51,439
Investment (derived)
-€23,345
Investment in fixed assets (net)
-€23,345
Cash 2025
€3,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,436 | €193,378 | +€8,942 | +4.8% |
| Fixed assets | 21/28 | €147,039 | €155,577 | +€8,538 | +5.8% |
| Tangible fixed assets | 22/27 | €147,039 | €155,577 | +€8,538 | +5.8% |
| Land and buildings | 22 | €126,813 | €121,006 | -€5,807 | -4.6% |
| Plant, machinery and equipment | 23 | €42 | €35 | -€7 | -16.7% |
| Furniture and vehicles | 24 | €20,184 | €34,536 | +€14,352 | +71.1% |
| Current assets | 29/58 | €37,397 | €37,801 | +€404 | +1.1% |
| Amounts receivable within one year | 40/41 | €34,721 | €33,472 | -€1,248 | -3.6% |
| Trade receivables | 40 | €7,262 | €7,040 | -€223 | -3.1% |
| Other amounts receivable | 41 | €27,458 | €26,433 | -€1,026 | -3.7% |
| Cash at bank and in hand | 54/58 | €2,493 | €3,415 | +€922 | +37.0% |
| Deferred charges and accrued income | 490/1 | €184 | €914 | +€730 | +397% |
| Total equity and liabilities | 10/49 | €184,436 | €193,378 | +€8,942 | +4.8% |
| Equity | 10/15 | -€36,395 | -€85,144 | -€48,749 | -134% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,584 | €37,584 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,248 | €4,248 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,388 | €2,388 | = | 0.0% |
| Distributable reserves | 133 | €33,336 | €33,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,579 | -€141,328 | -€48,749 | -52.7% |
| Amounts payable | 17/49 | €220,832 | €278,522 | +€57,690 | +26.1% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,232 | €154,922 | +€57,690 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €2,040 | €2,040 | = | 0.0% |
| Trade debts | 44 | €6,864 | €13,115 | +€6,251 | +91.1% |
| Suppliers | 440/4 | €6,864 | €13,115 | +€6,251 | +91.1% |
| Other amounts payable | 47/48 | €88,327 | €139,767 | +€51,439 | +58.2% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,977 | €14,807 | +€4,830 | +48.4% |
| Other operating charges | 640/8 | €1,355 | €2,086 | +€731 | +53.9% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | -€15,972 | -€31,459 | -€15,487 | -97.0% |
| Operating profit (loss) | 9901 | -€27,304 | -€48,460 | -€21,156 | -77.5% |
| Financial income | 75/76B | €24 | €6 | -€18 | -76.4% |
| Recurring financial income | 75 | €24 | €6 | -€18 | -76.4% |
| Financial charges | 65/66B | €272 | €295 | +€22 | +8.2% |
| Recurring financial charges | 65 | €272 | €295 | +€22 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,552 | -€48,749 | -€21,197 | -76.9% |
| Profit (loss) for the period | 9904 | -€27,552 | -€48,749 | -€21,197 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,552 | -€48,749 | -€21,197 | -76.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.