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 +€19,751
up €19,751 (+87.5%), from €22,565 to €42,316
mainly Net result for the year (+€42,320) and Depreciation (+€14,420)
- Receivables within one year +€5,497
up €5,497 (+56.1%), from €9,795 to €15,293
of which Trade receivables: +€15,000
- Tangible fixed assets -€3,120
down €3,120 (-7.7%), from €40,778 to €37,658
of which Other tangible fixed assets: -€7,666
- Profit (loss) carried forward +€42,320
up €42,320 (+39.2%), from -€107,883 to -€65,563
- Other debts -€25,608
down €25,608 (-16.3%), from €156,799 to €131,192
- Trade debts +€4,159
up €4,159 (+245.9%), from €1,692 to €5,851
- Tax, wage and social debts +€1,256
up €1,256 (+43.7%), from €2,872 to €4,128
of which Taxes: +€3,301
- Gross operating margin +€82,816
up €82,816, from -€18,946 to €63,870
- Staff costs -€20,078
down €20,078, from €19,985 to -€93
- Depreciation +€5,110
up €5,110 (+54.9%), from €9,310 to €14,420
- Taxes +€4,068
up €4,068 (+196.9%), from €2,066 to €6,135
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 | €73,138 | €95,266 | +€22,128 | +30.3% |
| Fixed assets | 21/28 | €40,778 | €37,658 | -€3,120 | -7.7% |
| Tangible fixed assets | 22/27 | €40,778 | €37,658 | -€3,120 | -7.7% |
| Plant, machinery and equipment | 23 | €649 | €495 | -€154 | -23.7% |
| Furniture and vehicles | 24 | €28,796 | €33,495 | +€4,699 | +16.3% |
| Other tangible fixed assets | 26 | €11,333 | €3,667 | -€7,666 | -67.6% |
| Current assets | 29/58 | €32,360 | €57,608 | +€25,248 | +78.0% |
| Amounts receivable within one year | 40/41 | €9,795 | €15,293 | +€5,497 | +56.1% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €9,795 | €293 | -€9,503 | -97.0% |
| Cash at bank and in hand | 54/58 | €22,565 | €42,316 | +€19,751 | +87.5% |
| Total equity and liabilities | 10/49 | €73,138 | €95,266 | +€22,128 | +30.3% |
| Equity | 10/15 | -€88,225 | -€45,905 | +€42,320 | +48.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,458 | €13,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €958 | €958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €958 | €958 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,883 | -€65,563 | +€42,320 | +39.2% |
| Amounts payable | 17/49 | €161,363 | €141,171 | -€20,192 | -12.5% |
| Amounts payable within one year | 42/48 | €161,363 | €141,171 | -€20,192 | -12.5% |
| Trade debts | 44 | €1,692 | €5,851 | +€4,159 | +245.9% |
| Suppliers | 440/4 | €1,692 | €5,851 | +€4,159 | +245.9% |
| Taxes, remuneration and social security | 45 | €2,872 | €4,128 | +€1,256 | +43.7% |
| Taxes | 450/3 | €827 | €4,128 | +€3,301 | +399.3% |
| Remuneration and social security | 454/9 | €2,045 | €0 | -€2,045 | -100.0% |
| Other amounts payable | 47/48 | €156,799 | €131,192 | -€25,608 | -16.3% |
| Remuneration, social security and pensions | 62 | €19,985 | -€93 | -€20,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,310 | €14,420 | +€5,110 | +54.9% |
| Other operating charges | 640/8 | €1,330 | €906 | -€425 | -31.9% |
| Gross operating margin | 9900 | -€18,946 | €63,870 | +€82,816 | |
| Operating profit (loss) | 9901 | -€49,572 | €48,637 | +€98,209 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €161 | €182 | +€21 | +13.1% |
| Recurring financial charges | 65 | €161 | €182 | +€21 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,733 | €48,455 | +€98,188 | |
| Income taxes | 67/77 | €2,066 | €6,135 | +€4,068 | +196.9% |
| Profit (loss) for the period | 9904 | -€51,799 | €42,320 | +€94,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,799 | €42,320 | +€94,119 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.