CONDOR SAFETY: 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
CONDOR SAFETY
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,190
2024 · €52,860-€12,669
Equity
€869,475
2024 · €879,285-€9,810
Cash
€223,586
2024 · €70,727+€152,859
Balance sheet total
€3.3m
2024 · €3.2m+€110,522
Largest movements
Assets
- Cash +€152,859
up €152,859 (+216%), from €70,727 to €223,586
mainly Depreciation (+€123,451) and Trade debts (+€73,300)
- Stocks and contracts -€63,564
down €63,564 (-3.8%), from €1.7m to €1.6m
- Tangible fixed assets +€58,130
up €58,130 (+20.5%), from €283,168 to €341,299
of which Leasing and similar rights: +€93,609
Equity and liabilities
- Trade debts +€73,300
up €73,300 (+7.8%), from €938,309 to €1.0m
- Debts after one year +€44,360
up €44,360 (+22.9%), from €193,829 to €238,188
Income statement
- Gross operating margin +€46,482
up €46,482 (+4.3%), from €1.1m to €1.1m
- Staff costs +€34,548
up €34,548 (+4.1%), from €840,078 to €874,626
- Depreciation +€24,153
up €24,153 (+24.3%), from €99,298 to €123,451
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.
Result 2024
€52,860
Gross operating margin
+€46,482
Staff costs
-€34,548
Depreciation
-€24,153
Write-downs
-€459
Other operating charges
+€45
Other operating items
-€8,835
Financial income
+€1,634
Financial charges
+€5,385
Taxes
+€1,779
Result 2025
€40,190
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€317,361
Investment
-€172,675
Financing
+€8,173
Cash 2024
€70,727
From operations (derived)
+€317,361
Net result for the year
+€40,190
Depreciation
+€123,451
Stocks and contracts
+€63,564
Receivables within one year
+€31,608
Deferred charges and accrued income
-€3,611
Trade debts
+€73,300
Tax, wage and social debts
+€818
Other debts
+€11,307
Accrued charges and deferred income
-€23,266
Investment (derived)
-€172,675
Investment in fixed assets (net)
-€172,675
Financing
+€8,173
Debts after one year
+€44,360
Current portion of long-term debt
+€13,813
Contributions, distributions and other
-€50,000
Cash 2025
€223,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,155,781 | €3,266,303 | +€110,522 | +3.5% |
| Fixed assets | 21/28 | €429,000 | €478,224 | +€49,224 | +11.5% |
| Intangible fixed assets | 21 | €60,632 | €41,135 | -€19,497 | -32.2% |
| Tangible fixed assets | 22/27 | €283,168 | €341,299 | +€58,130 | +20.5% |
| Plant, machinery and equipment | 23 | €62,093 | €78,990 | +€16,897 | +27.2% |
| Furniture and vehicles | 24 | €221,075 | €168,699 | -€52,375 | -23.7% |
| Leasing and similar rights | 25 | - | €93,609 | +€93,609 | |
| Financial fixed assets | 28 | €85,200 | €95,790 | +€10,590 | +12.4% |
| Current assets | 29/58 | €2,726,781 | €2,788,079 | +€61,299 | +2.2% |
| Stocks and contracts in progress | 3 | €1,685,626 | €1,622,061 | -€63,564 | -3.8% |
| Stocks | 30/36 | €1,685,626 | €1,622,061 | -€63,564 | -3.8% |
| Amounts receivable within one year | 40/41 | €926,792 | €895,184 | -€31,608 | -3.4% |
| Trade receivables | 40 | €895,562 | €865,184 | -€30,377 | -3.4% |
| Other amounts receivable | 41 | €31,230 | €30,000 | -€1,230 | -3.9% |
| Cash at bank and in hand | 54/58 | €70,727 | €223,586 | +€152,859 | +216% |
| Deferred charges and accrued income | 490/1 | €43,636 | €47,248 | +€3,611 | +8.3% |
| Total equity and liabilities | 10/49 | €3,155,781 | €3,266,303 | +€110,522 | +3.5% |
| Equity | 10/15 | €879,285 | €869,475 | -€9,810 | -1.1% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €241,857 | €216,857 | -€25,000 | -10.3% |
| Non-distributable reserves | 130/1 | €3,750 | €3,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,750 | €3,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,107 | €38,107 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Profit (loss) carried forward | 14 | €599,928 | €615,118 | +€15,190 | +2.5% |
| Provisions and deferred taxes | 16 | €62,783 | €62,783 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €62,783 | €62,783 | = | 0.0% |
| Pensions and similar obligations | 160 | €62,783 | €62,783 | = | 0.0% |
| Amounts payable | 17/49 | €2,213,712 | €2,334,044 | +€120,332 | +5.4% |
| Amounts payable after more than one year | 17 | €193,829 | €238,188 | +€44,360 | +22.9% |
| Financial debts | 170/4 | €193,829 | €238,188 | +€44,360 | +22.9% |
| Amounts payable within one year | 42/48 | €1,982,644 | €2,081,883 | +€99,239 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €109,856 | €123,670 | +€13,813 | +12.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €938,309 | €1,011,608 | +€73,300 | +7.8% |
| Suppliers | 440/4 | €938,309 | €1,011,608 | +€73,300 | +7.8% |
| Taxes, remuneration and social security | 45 | €258,711 | €259,529 | +€818 | +0.3% |
| Taxes | 450/3 | €89,411 | €100,289 | +€10,879 | +12.2% |
| Remuneration and social security | 454/9 | €169,300 | €159,240 | -€10,060 | -5.9% |
| Other amounts payable | 47/48 | €175,768 | €187,076 | +€11,307 | +6.4% |
| Accrued charges and deferred income | 492/3 | €37,240 | €13,973 | -€23,266 | -62.5% |
| Non-recurring operating income | 76A | €29,562 | €5,000 | -€24,562 | -83.1% |
| Remuneration, social security and pensions | 62 | €840,078 | €874,626 | +€34,548 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,298 | €123,451 | +€24,153 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €459 | +€459 | |
| Other operating charges | 640/8 | €3,506 | €3,460 | -€45 | -1.3% |
| Non-recurring operating charges | 66A | - | €8,835 | +€8,835 | |
| Gross operating margin | 9900 | €1,083,814 | €1,130,297 | +€46,482 | +4.3% |
| Operating profit (loss) | 9901 | €140,933 | €119,465 | -€21,468 | -15.2% |
| Financial income | 75/76B | €1,581 | €3,216 | +€1,634 | +103% |
| Recurring financial income | 75 | €1,581 | €3,216 | +€1,634 | +103% |
| Financial charges | 65/66B | €62,346 | €56,960 | -€5,385 | -8.6% |
| Recurring financial charges | 65 | €62,346 | €56,960 | -€5,385 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €80,168 | €65,720 | -€14,448 | -18.0% |
| Income taxes | 67/77 | €27,309 | €25,530 | -€1,779 | -6.5% |
| Profit (loss) for the period | 9904 | €52,860 | €40,190 | -€12,669 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,860 | €40,190 | -€12,669 | -24.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.