CONDOR STAR: 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 STAR
Largest movements
- Receivables within one year +€1,476
up €1,476 (+15.9%), from €9,278 to €10,755
of which Other amounts receivable: +€3,373
- Tangible fixed assets -€802
down €802 (-65.2%), from €1,231 to €429
- Cash +€198
up €198 (+6.0%), from €3,315 to €3,513
mainly Net result for the year (+€1,722) and Depreciation (+€802)
- Profit (loss) carried forward +€1,722
up €1,722 (+23.7%), from €7,258 to €8,980
- Trade debts -€1,101
no longer reported in 2025 (was €1,101)
- Tax, wage and social debts +€252
up €252 (+54.3%), from €465 to €717
- Other operating charges +€413
up €413 (+107.3%), from €384 to €797
- Gross operating margin +€396
up €396 (+10.3%), from €3,827 to €4,223
- Taxes +€267
up €267 (+56.0%), from €477 to €744
- Financial charges -€163
down €163 (-50.9%), from €321 to €158
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.
Cash bridge derived
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 | €13,825 | €14,697 | +€872 | +6.3% |
| Fixed assets | 21/28 | €1,231 | €429 | -€802 | -65.2% |
| Tangible fixed assets | 22/27 | €1,231 | €429 | -€802 | -65.2% |
| Plant, machinery and equipment | 23 | €1,231 | €429 | -€802 | -65.2% |
| Current assets | 29/58 | €12,594 | €14,268 | +€1,675 | +13.3% |
| Amounts receivable within one year | 40/41 | €9,278 | €10,755 | +€1,476 | +15.9% |
| Trade receivables | 40 | €8,517 | €6,620 | -€1,897 | -22.3% |
| Other amounts receivable | 41 | €761 | €4,135 | +€3,373 | +443.1% |
| Cash at bank and in hand | 54/58 | €3,315 | €3,513 | +€198 | +6.0% |
| Total equity and liabilities | 10/49 | €13,825 | €14,697 | +€872 | +6.3% |
| Equity | 10/15 | €12,258 | €13,980 | +€1,722 | +14.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,258 | €8,980 | +€1,722 | +23.7% |
| Amounts payable | 17/49 | €1,566 | €717 | -€849 | -54.2% |
| Amounts payable within one year | 42/48 | €1,566 | €717 | -€849 | -54.2% |
| Trade debts | 44 | €1,101 | - | -€1,101 | |
| Suppliers | 440/4 | €1,101 | - | -€1,101 | |
| Taxes, remuneration and social security | 45 | €465 | €717 | +€252 | +54.3% |
| Taxes | 450/3 | €465 | €717 | +€252 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €802 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €797 | +€413 | +107.3% |
| Gross operating margin | 9900 | €3,827 | €4,223 | +€396 | +10.3% |
| Operating profit (loss) | 9901 | €2,640 | €2,623 | -€17 | -0.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €321 | €158 | -€163 | -50.9% |
| Recurring financial charges | 65 | €321 | €158 | -€163 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €2,321 | €2,466 | +€145 | +6.3% |
| Income taxes | 67/77 | €477 | €744 | +€267 | +56.0% |
| Profit (loss) for the period | 9904 | €1,844 | €1,722 | -€122 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €1,722 | -€122 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.