Condor Technologies: what changed
Two fiscal 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 Technologies
NACE 77.225, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€693,047
2024 · -€2.4m+€1.7m
Equity
€3.6m
2024 · €4.3m-€693,047
Cash
€6,334
2024 · €29+€6,304
Balance sheet total
€7.7m
2024 · €7.5m+€168,110
Largest movements
Assets
- Receivables within one year +€142,193
up €142,193 (+5.9%), from €2.4m to €2.6m
of which Trade receivables: +€194,884
Equity and liabilities
- Other debts +€784,322
up €784,322 (+46.5%), from €1.7m to €2.5m
- Profit (loss) carried forward -€693,047
down €693,047 (-7.4%), from -€9.3m to -€10.0m
- Debts after one year +€94,978
up €94,978 (+18.3%), from €517,767 to €612,745
- Tax, wage and social debts -€90,007
down €90,007 (-99.3%), from €90,618 to €610
of which Taxes: -€73,151
Income statement
- Other operating charges -€924,807
down €924,807 (-98.8%), from €936,231 to €11,423
- Services and other goods -€426,808
down €426,808 (-45.1%), from €946,170 to €519,362
- Financial charges -€176,978
down €176,978 (-39.3%), from €450,751 to €273,773
of which Non-recurring financial charges: -€187,985
- Staff costs -€80,258
no longer reported in 2025 (was €80,258)
- Other operating income +€22,245
up €22,245 (+46.7%), from €47,663 to €69,907
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
-€2.4m
Turnover
-€12,523
Other operating income
+€22,245
Goods and materials
-€205
Services and other goods
+€426,808
Staff costs
+€80,258
Depreciation
-€3,215
Other operating charges
+€924,807
Other operating items
+€72,599
Financial charges
+€176,978
Taxes
-€3,416
Result 2025
-€693,047
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.
From operations
-€44,308
Investment
-€44,366
Financing
+€94,978
Cash 2024
€29
From operations (derived)
-€44,308
Net result for the year
-€693,047
Depreciation
+€23,569
Receivables within one year
-€142,193
Deferred charges and accrued income
+€1,185
Trade debts
+€36,508
Tax, wage and social debts
-€90,007
Other debts
+€784,322
Accrued charges and deferred income
+€35,356
Investment (derived)
-€44,366
Investment in fixed assets (net)
-€44,366
Financing
+€94,978
Debts after one year
+€94,978
Cash 2025
€6,334
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,486,443 | €7,654,553 | +€168,110 | +2.2% |
| Fixed assets | 21/28 | €39,631 | €60,428 | +€20,797 | +52.5% |
| Intangible fixed assets | 21 | €29,947 | €25,843 | -€4,104 | -13.7% |
| Tangible fixed assets | 22/27 | €9,684 | €33,585 | +€23,901 | +246.8% |
| Plant, machinery and equipment | 23 | €5,849 | €33,432 | +€27,583 | +471.6% |
| Furniture and vehicles | 24 | €3,836 | €153 | -€3,683 | -96.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Affiliated companies | 280/1 | - | €1,000 | +€1,000 | |
| Participating interests | 280 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €7,446,812 | €7,594,125 | +€147,313 | +2.0% |
| Stocks and contracts in progress | 3 | €5,018,340 | €5,018,340 | = | 0.0% |
| Stocks | 30/36 | €5,018,340 | €5,018,340 | = | 0.0% |
| Goods purchased for resale | 34 | €18,340 | €18,340 | = | 0.0% |
| Advance payments | 36 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,426,711 | €2,568,905 | +€142,193 | +5.9% |
| Trade receivables | 40 | €44,029 | €238,913 | +€194,884 | +442.6% |
| Other amounts receivable | 41 | €2,382,682 | €2,329,992 | -€52,690 | -2.2% |
| Cash at bank and in hand | 54/58 | €29 | €6,334 | +€6,304 | +21435.6% |
| Deferred charges and accrued income | 490/1 | €1,732 | €547 | -€1,185 | -68.4% |
| Total equity and liabilities | 10/49 | €7,486,443 | €7,654,553 | +€168,110 | +2.2% |
| Equity | 10/15 | €4,259,004 | €3,565,957 | -€693,047 | -16.3% |
| Contributions | 10/11 | €13,453,446 | €13,453,446 | = | 0.0% |
| Capital | 10 | €13,453,446 | €13,453,446 | = | 0.0% |
| Issued capital | 100 | €13,453,446 | €13,453,446 | = | 0.0% |
| Reserves | 13 | €123,925 | €123,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,925 | €123,925 | = | 0.0% |
| Legal reserve | 130 | €123,925 | €123,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,318,367 | -€10,011,415 | -€693,047 | -7.4% |
| Amounts payable | 17/49 | €3,227,439 | €4,088,596 | +€861,157 | +26.7% |
| Amounts payable after more than one year | 17 | €517,767 | €612,745 | +€94,978 | +18.3% |
| Financial debts | 170/4 | €517,767 | €612,745 | +€94,978 | +18.3% |
| Other loans | 174 | €517,767 | €612,745 | +€94,978 | +18.3% |
| Amounts payable within one year | 42/48 | €2,702,925 | €3,433,747 | +€730,823 | +27.0% |
| Trade debts | 44 | €924,857 | €961,365 | +€36,508 | +3.9% |
| Suppliers | 440/4 | €924,857 | €961,365 | +€36,508 | +3.9% |
| Taxes, remuneration and social security | 45 | €90,618 | €610 | -€90,007 | -99.3% |
| Taxes | 450/3 | €73,762 | €610 | -€73,151 | -99.2% |
| Remuneration and social security | 454/9 | €16,856 | - | -€16,856 | |
| Other amounts payable | 47/48 | €1,687,450 | €2,471,772 | +€784,322 | +46.5% |
| Accrued charges and deferred income | 492/3 | €6,748 | €42,104 | +€35,356 | +524.0% |
| Operating income | 70/76A | €62,278 | €144,599 | +€82,321 | +132.2% |
| Turnover | 70 | €14,615 | €2,092 | -€12,523 | -85.7% |
| Other operating income | 74 | €47,663 | €69,907 | +€22,245 | +46.7% |
| Non-recurring operating income | 76A | - | €72,599 | +€72,599 | |
| Operating charges | 60/66A | €1,983,537 | €555,084 | -€1.4m | -72.0% |
| Goods for resale, raw materials and consumables | 60 | €525 | €730 | +€205 | +39.0% |
| Purchases | 600/8 | €525 | €730 | +€205 | +39.0% |
| Services and other goods | 61 | €946,170 | €519,362 | -€426,808 | -45.1% |
| Remuneration, social security and pensions | 62 | €80,258 | - | -€80,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,354 | €23,569 | +€3,215 | +15.8% |
| Other operating charges | 640/8 | €936,231 | €11,423 | -€924,807 | -98.8% |
| Operating profit (loss) | 9901 | -€1,921,259 | -€410,485 | +€1.5m | +78.6% |
| Financial charges | 65/66B | €450,751 | €273,773 | -€176,978 | -39.3% |
| Recurring financial charges | 65 | €17,766 | €28,773 | +€11,007 | +62.0% |
| Debt charges | 650 | €13,189 | €21,203 | +€8,014 | +60.8% |
| Other financial charges | 652/9 | €4,577 | €7,570 | +€2,993 | +65.4% |
| Non-recurring financial charges | 66B | €432,985 | €245,000 | -€187,985 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,372,010 | -€684,258 | +€1.7m | +71.2% |
| Income taxes | 67/77 | €5,373 | €8,790 | +€3,416 | +63.6% |
| Taxes | 670/3 | €5,373 | €8,790 | +€3,416 | +63.6% |
| Profit (loss) for the period | 9904 | -€2,377,384 | -€693,047 | +€1.7m | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,377,384 | -€693,047 | +€1.7m | +70.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.