Condor International Ltd: 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 International Ltd
Largest movements
- Cash +€2,544
up €2,544 (+181%), from €1,409 to €3,953
mainly Net result for the year (+€11,930) and Depreciation (+€8,720)
- Profit (loss) carried forward +€11,930
up €11,930 (+33.2%), from -€35,886 to -€23,956
- Other debts -€8,042
down €8,042 (-14.5%), from €55,406 to €47,364
- Gross operating margin +€2,348
up €2,348 (+10.8%), from €21,689 to €24,036
- Other operating charges +€455
up €455 (+16.2%), from €2,815 to €3,270
- Depreciation +€435
up €435 (+5.2%), from €8,286 to €8,720
- Financial charges -€301
down €301 (-72.2%), from €417 to €116
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 | €176,252 | €178,726 | +€2,473 | +1.4% |
| Fixed assets | 21/28 | €173,504 | €172,552 | -€952 | -0.5% |
| Tangible fixed assets | 22/27 | €172,163 | €171,211 | -€952 | -0.6% |
| Land and buildings | 22 | €170,295 | €163,714 | -€6,581 | -3.9% |
| Furniture and vehicles | 24 | €1,868 | €7,498 | +€5,629 | +301% |
| Financial fixed assets | 28 | €1,341 | €1,341 | = | 0.0% |
| Current assets | 29/58 | €2,749 | €6,174 | +€3,425 | +125% |
| Amounts receivable within one year | 40/41 | €1,340 | €2,069 | +€729 | +54.4% |
| Other amounts receivable | 41 | €1,340 | €2,069 | +€729 | +54.4% |
| Cash at bank and in hand | 54/58 | €1,409 | €3,953 | +€2,544 | +181% |
| Deferred charges and accrued income | 490/1 | - | €152 | +€152 | |
| Total equity and liabilities | 10/49 | €176,252 | €178,726 | +€2,473 | +1.4% |
| Equity | 10/15 | €118,405 | €130,336 | +€11,930 | +10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €134,291 | €134,291 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €115,541 | €115,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,886 | -€23,956 | +€11,930 | +33.2% |
| Amounts payable | 17/49 | €57,847 | €48,390 | -€9,457 | -16.3% |
| Amounts payable within one year | 42/48 | €57,847 | €48,390 | -€9,457 | -16.3% |
| Trade debts | 44 | €2,441 | €1,026 | -€1,415 | -58.0% |
| Suppliers | 440/4 | €2,441 | €1,026 | -€1,415 | -58.0% |
| Other amounts payable | 47/48 | €55,406 | €47,364 | -€8,042 | -14.5% |
| Non-recurring operating income | 76A | - | €4,400 | +€4,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,286 | €8,720 | +€435 | +5.2% |
| Other operating charges | 640/8 | €2,815 | €3,270 | +€455 | +16.2% |
| Gross operating margin | 9900 | €21,689 | €24,036 | +€2,348 | +10.8% |
| Operating profit (loss) | 9901 | €10,588 | €12,046 | +€1,458 | +13.8% |
| Financial charges | 65/66B | €417 | €116 | -€301 | -72.2% |
| Recurring financial charges | 65 | €417 | €116 | -€301 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €10,170 | €11,930 | +€1,760 | +17.3% |
| Profit (loss) for the period | 9904 | €10,170 | €11,930 | +€1,760 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,170 | €11,930 | +€1,760 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.