CONDOTTI: 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.
CONDOTTI
Largest movements
- Receivables within one year +€52,477
up €52,477 (+74129.9%), from €71 to €52,547
of which Trade receivables: +€52,494
- Cash -€31,844
down €31,844 (-88.2%), from €36,090 to €4,246
mainly Receivables within one year (-€52,477) and Investment in fixed assets (net) (-€1,261)
- Deferred charges and accrued income -€1,343
down €1,343 (-68.0%), from €1,975 to €632
- Debts after one year +€9,000
up €9,000 (+10.7%), from €84,000 to €93,000
- Trade debts +€3,888
up €3,888 (+26.6%), from €14,628 to €18,515
- Profit (loss) carried forward +€3,788
up €3,788 (+3.0%), from -€124,557 to -€120,769
- Accrued charges and deferred income +€3,739
up €3,739 (+43.8%), from €8,540 to €12,278
- Gross operating margin +€23,070
up €23,070, from -€13,227 to €9,843
- Depreciation -€236
down €236 (-28.7%), from €821 to €585
- Financial charges +€145
up €145 (+4.1%), from €3,547 to €3,693
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,358 | €74,323 | +€19,965 | +36.7% |
| Fixed assets | 21/28 | €2,017 | €2,692 | +€676 | +33.5% |
| Tangible fixed assets | 22/27 | €1,990 | €2,665 | +€676 | +34.0% |
| Plant, machinery and equipment | 23 | €1,135 | €968 | -€168 | -14.8% |
| Furniture and vehicles | 24 | €854 | €1,698 | +€844 | +98.7% |
| Financial fixed assets | 28 | €27 | €27 | = | 0.0% |
| Current assets | 29/58 | €52,341 | €71,630 | +€19,289 | +36.9% |
| Stocks and contracts in progress | 3 | €14,205 | €14,205 | = | 0.0% |
| Stocks | 30/36 | €14,205 | €14,205 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71 | €52,547 | +€52,477 | +74129.9% |
| Trade receivables | 40 | - | €52,494 | +€52,494 | |
| Other amounts receivable | 41 | €71 | €53 | -€18 | -25.3% |
| Cash at bank and in hand | 54/58 | €36,090 | €4,246 | -€31,844 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,975 | €632 | -€1,343 | -68.0% |
| Total equity and liabilities | 10/49 | €54,358 | €74,323 | +€19,965 | +36.7% |
| Equity | 10/15 | -€57,764 | -€53,976 | +€3,788 | +6.6% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €793 | €793 | = | 0.0% |
| Distributable reserves | 133 | €793 | €793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,557 | -€120,769 | +€3,788 | +3.0% |
| Amounts payable | 17/49 | €112,122 | €128,299 | +€16,177 | +14.4% |
| Amounts payable after more than one year | 17 | €84,000 | €93,000 | +€9,000 | +10.7% |
| Financial debts | 170/4 | €84,000 | €93,000 | +€9,000 | +10.7% |
| Amounts payable within one year | 42/48 | €19,582 | €23,020 | +€3,438 | +17.6% |
| Trade debts | 44 | €14,628 | €18,515 | +€3,888 | +26.6% |
| Suppliers | 440/4 | €14,628 | €18,515 | +€3,888 | +26.6% |
| Taxes, remuneration and social security | 45 | €4,504 | €4,150 | -€354 | -7.9% |
| Taxes | 450/3 | €4,504 | €4,150 | -€354 | -7.9% |
| Other amounts payable | 47/48 | €451 | €355 | -€96 | -21.3% |
| Accrued charges and deferred income | 492/3 | €8,540 | €12,278 | +€3,739 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €585 | -€236 | -28.7% |
| Other operating charges | 640/8 | €1,220 | €1,330 | +€110 | +9.0% |
| Gross operating margin | 9900 | -€13,227 | €9,843 | +€23,070 | |
| Operating profit (loss) | 9901 | -€15,269 | €7,928 | +€23,196 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,547 | €3,693 | +€145 | +4.1% |
| Recurring financial charges | 65 | €3,547 | €3,693 | +€145 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,816 | €4,235 | +€23,050 | |
| Income taxes | 67/77 | €429 | €447 | +€18 | +4.2% |
| Profit (loss) for the period | 9904 | -€19,245 | €3,788 | +€23,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,245 | €3,788 | +€23,032 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.