Condor 3: 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 3
Largest movements
- Cash -€3,334
down €3,334 (-34.3%), from €9,715 to €6,380
mainly Other debts (-€35,971) and Net result for the year (-€8,148)
- Debts after one year +€40,051
new in 2025: €40,051
- Other debts -€35,971
no longer reported in 2025 (was €35,971)
- Profit (loss) carried forward -€8,148
down €8,148 (-29.9%), from -€27,257 to -€35,405
- Financial charges -€6,225
down €6,225 (-57.0%), from €10,918 to €4,693
- Gross operating margin +€95
up €95 (+3.0%), from -€3,150 to -€3,055
- Other operating charges +€66
up €66 (+19.8%), from €334 to €400
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 | €167,215 | €163,880 | -€3,334 | -2.0% |
| Fixed assets | 21/28 | €157,500 | €157,500 | = | 0.0% |
| Financial fixed assets | 28 | €157,500 | €157,500 | = | 0.0% |
| Current assets | 29/58 | €9,715 | €6,380 | -€3,334 | -34.3% |
| Cash at bank and in hand | 54/58 | €9,715 | €6,380 | -€3,334 | -34.3% |
| Total equity and liabilities | 10/49 | €167,215 | €163,880 | -€3,334 | -2.0% |
| Equity | 10/15 | €131,243 | €123,095 | -€8,148 | -6.2% |
| Contributions | 10/11 | €158,500 | €158,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,257 | -€35,405 | -€8,148 | -29.9% |
| Amounts payable | 17/49 | €35,971 | €40,785 | +€4,814 | +13.4% |
| Amounts payable after more than one year | 17 | - | €40,051 | +€40,051 | |
| Other amounts payable | 178/9 | - | €40,051 | +€40,051 | |
| Amounts payable within one year | 42/48 | €35,971 | €734 | -€35,237 | -98.0% |
| Trade debts | 44 | - | €734 | +€734 | |
| Suppliers | 440/4 | - | €734 | +€734 | |
| Other amounts payable | 47/48 | €35,971 | - | -€35,971 | |
| Other operating charges | 640/8 | €334 | €400 | +€66 | +19.8% |
| Gross operating margin | 9900 | -€3,150 | -€3,055 | +€95 | +3.0% |
| Operating profit (loss) | 9901 | -€3,484 | -€3,455 | +€29 | +0.8% |
| Financial charges | 65/66B | €10,918 | €4,693 | -€6,225 | -57.0% |
| Recurring financial charges | 65 | €10,918 | €4,693 | -€6,225 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,402 | -€8,148 | +€6,254 | +43.4% |
| Profit (loss) for the period | 9904 | -€14,402 | -€8,148 | +€6,254 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,402 | -€8,148 | +€6,254 | +43.4% |
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 26 October 2026 via checked.be.