Condottiere: 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.
Condottiere
Largest movements
- Cash -€43,808
down €43,808 (-57.9%), from €75,614 to €31,806
mainly Contributions, distributions and other (-€145,474) and Tax, wage and social debts (-€38,739)
- Receivables within one year +€26,809
up €26,809 (+21.1%), from €126,881 to €153,691
of which Other amounts receivable: +€26,753
- Tangible fixed assets -€8,303
down €8,303 (-22.4%), from €37,027 to €28,724
- Tax, wage and social debts -€38,739
down €38,739 (-59.1%), from €65,534 to €26,795
of which Taxes: -€35,758
- Trade debts +€14,451
up €14,451 (+160.6%), from €8,996 to €23,447
- Depreciation +€3,255
up €3,255 (+64.5%), from €5,049 to €8,303
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 | €239,618 | €214,317 | -€25,302 | -10.6% |
| Fixed assets | 21/28 | €37,123 | €28,820 | -€8,303 | -22.4% |
| Tangible fixed assets | 22/27 | €37,027 | €28,724 | -€8,303 | -22.4% |
| Furniture and vehicles | 24 | €37,027 | €28,724 | -€8,303 | -22.4% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €202,495 | €185,497 | -€16,998 | -8.4% |
| Amounts receivable within one year | 40/41 | €126,881 | €153,691 | +€26,809 | +21.1% |
| Trade receivables | 40 | €78,045 | €78,101 | +€56 | +0.1% |
| Other amounts receivable | 41 | €48,836 | €75,589 | +€26,753 | +54.8% |
| Cash at bank and in hand | 54/58 | €75,614 | €31,806 | -€43,808 | -57.9% |
| Total equity and liabilities | 10/49 | €239,618 | €214,317 | -€25,302 | -10.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €221,018 | €195,717 | -€25,302 | -11.4% |
| Amounts payable within one year | 42/48 | €221,018 | €195,717 | -€25,302 | -11.4% |
| Trade debts | 44 | €8,996 | €23,447 | +€14,451 | +160.6% |
| Suppliers | 440/4 | €8,996 | €23,447 | +€14,451 | +160.6% |
| Taxes, remuneration and social security | 45 | €65,534 | €26,795 | -€38,739 | -59.1% |
| Taxes | 450/3 | €62,553 | €26,795 | -€35,758 | -57.2% |
| Remuneration and social security | 454/9 | €2,981 | - | -€2,981 | |
| Other amounts payable | 47/48 | €146,488 | €145,474 | -€1,014 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,049 | €8,303 | +€3,255 | +64.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €193,563 | €194,993 | +€1,430 | +0.7% |
| Operating profit (loss) | 9901 | €187,987 | €186,146 | -€1,841 | -1.0% |
| Financial income | 75/76B | €1,505 | €3,281 | +€1,776 | +118.0% |
| Recurring financial income | 75 | €1,505 | €3,281 | +€1,776 | +118.0% |
| Financial charges | 65/66B | €74 | €233 | +€160 | +217.3% |
| Recurring financial charges | 65 | €74 | €233 | +€160 | +217.3% |
| Profit (loss) for the period before taxes | 9903 | €189,418 | €189,193 | -€225 | -0.1% |
| Income taxes | 67/77 | €42,930 | €43,719 | +€789 | +1.8% |
| Profit (loss) for the period | 9904 | €146,488 | €145,474 | -€1,014 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,488 | €145,474 | -€1,014 | -0.7% |
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 9 October 2026 via checked.be.