CONDORVAST: 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.
CONDORVAST
Largest movements
- Tangible fixed assets -€1,953
down €1,953 (-95.4%), from €2,047 to €95
- Receivables within one year -€1,235
down €1,235 (-11.3%), from €10,940 to €9,705
of which Other amounts receivable: -€888
- Cash +€775
up €775 (+18.9%), from €4,099 to €4,874
mainly Depreciation (+€1,953) and Trade debts (+€1,373)
- Profit (loss) carried forward -€3,134
down €3,134 (-6.6%), from -€47,358 to -€50,492
- Trade debts +€1,373
up €1,373 (+63.1%), from €2,174 to €3,547
- Other debts -€734
no longer reported in 2025 (was €734)
- Gross operating margin -€6,170
down €6,170, from €5,997 to -€173
- Depreciation +€207
up €207 (+11.9%), from €1,745 to €1,953
- Financial charges -€133
down €133 (-28.8%), from €461 to €328
- Taxes +€131
up €131 (+375%), from €35 to €166
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 | €17,086 | €14,674 | -€2,412 | -14.1% |
| Fixed assets | 21/28 | €2,047 | €95 | -€1,953 | -95.4% |
| Tangible fixed assets | 22/27 | €2,047 | €95 | -€1,953 | -95.4% |
| Furniture and vehicles | 24 | €2,047 | €95 | -€1,953 | -95.4% |
| Current assets | 29/58 | €15,038 | €14,579 | -€460 | -3.1% |
| Amounts receivable within one year | 40/41 | €10,940 | €9,705 | -€1,235 | -11.3% |
| Trade receivables | 40 | €10,052 | €9,705 | -€347 | -3.5% |
| Other amounts receivable | 41 | €888 | - | -€888 | |
| Cash at bank and in hand | 54/58 | €4,099 | €4,874 | +€775 | +18.9% |
| Total equity and liabilities | 10/49 | €17,086 | €14,674 | -€2,412 | -14.1% |
| Equity | 10/15 | €14,142 | €11,008 | -€3,134 | -22.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,358 | -€50,492 | -€3,134 | -6.6% |
| Amounts payable | 17/49 | €2,944 | €3,665 | +€721 | +24.5% |
| Amounts payable within one year | 42/48 | €2,944 | €3,665 | +€721 | +24.5% |
| Trade debts | 44 | €2,174 | €3,547 | +€1,373 | +63.1% |
| Suppliers | 440/4 | €2,174 | €3,547 | +€1,373 | +63.1% |
| Taxes, remuneration and social security | 45 | €35 | €118 | +€83 | +238% |
| Taxes | 450/3 | €35 | €118 | +€83 | +238% |
| Other amounts payable | 47/48 | €734 | - | -€734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,745 | €1,953 | +€207 | +11.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €5,997 | -€173 | -€6,170 | |
| Operating profit (loss) | 9901 | €3,747 | -€2,645 | -€6,392 | |
| Financial income | 75/76B | €1 | €5 | +€5 | +568% |
| Recurring financial income | 75 | €1 | €5 | +€5 | +568% |
| Financial charges | 65/66B | €461 | €328 | -€133 | -28.8% |
| Recurring financial charges | 65 | €461 | €328 | -€133 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €3,287 | -€2,968 | -€6,255 | |
| Income taxes | 67/77 | €35 | €166 | +€131 | +375% |
| Profit (loss) for the period | 9904 | €3,252 | -€3,134 | -€6,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,252 | -€3,134 | -€6,385 |
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 16 October 2026 via checked.be.