CONDRA: 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.
CONDRA
Largest movements
- Tangible fixed assets -€26,855
down €26,855 (-6.4%), from €419,666 to €392,811
of which Land and buildings: -€17,410
- Receivables within one year -€19,667
down €19,667 (-39.5%), from €49,825 to €30,159
of which Trade receivables: -€15,980
- Cash -€17,971
down €17,971 (-100.0%), from €17,971 to €0
mainly Debts after one year (-€41,500) and Other debts (-€27,899)
- Debts after one year -€41,500
down €41,500 (-11.0%), from €376,600 to €335,100
- Other debts -€27,899
down €27,899 (-52.8%), from €52,870 to €24,971
- Tax, wage and social debts -€5,568
down €5,568 (-42.1%), from €13,230 to €7,662
of which Remuneration and social security: -€8,787
- Profit (loss) carried forward +€5,005
up €5,005 (+32.6%), from -€15,354 to -€10,348
- Gross operating margin -€71,740
down €71,740 (-50.2%), from €142,811 to €71,071
- Staff costs -€50,549
down €50,549, from €47,340 to -€3,209
- Depreciation +€4,636
up €4,636 (+15.7%), from €29,474 to €34,110
- Other operating charges +€2,938
up €2,938 (+38.0%), from €7,738 to €10,675
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,621 | €426,891 | -€66,729 | -13.5% |
| Fixed assets | 21/28 | €425,324 | €396,169 | -€29,155 | -6.9% |
| Intangible fixed assets | 21 | €5,659 | €3,359 | -€2,300 | -40.6% |
| Tangible fixed assets | 22/27 | €419,666 | €392,811 | -€26,855 | -6.4% |
| Land and buildings | 22 | €380,212 | €362,801 | -€17,410 | -4.6% |
| Plant, machinery and equipment | 23 | €2,429 | €1,856 | -€573 | -23.6% |
| Furniture and vehicles | 24 | €37,025 | €28,153 | -€8,873 | -24.0% |
| Current assets | 29/58 | €68,296 | €30,722 | -€37,574 | -55.0% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,825 | €30,159 | -€19,667 | -39.5% |
| Trade receivables | 40 | €41,411 | €25,431 | -€15,980 | -38.6% |
| Other amounts receivable | 41 | €8,415 | €4,728 | -€3,687 | -43.8% |
| Cash at bank and in hand | 54/58 | €17,971 | €0 | -€17,971 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €63 | +€63 | |
| Total equity and liabilities | 10/49 | €493,621 | €426,891 | -€66,729 | -13.5% |
| Equity | 10/15 | €16,493 | €21,498 | +€5,005 | +30.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,647 | €25,647 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €15,647 | €15,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,354 | -€10,348 | +€5,005 | +32.6% |
| Amounts payable | 17/49 | €477,128 | €405,393 | -€71,735 | -15.0% |
| Amounts payable after more than one year | 17 | €376,600 | €335,100 | -€41,500 | -11.0% |
| Financial debts | 170/4 | €376,600 | €335,100 | -€41,500 | -11.0% |
| Amounts payable within one year | 42/48 | €99,792 | €68,742 | -€31,049 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €26,584 | €27,106 | +€522 | +2.0% |
| Financial debts | 43 | - | €665 | +€665 | |
| Credit institutions | 430/8 | - | €665 | +€665 | |
| Trade debts | 44 | €7,108 | €8,338 | +€1,231 | +17.3% |
| Suppliers | 440/4 | €7,108 | €8,338 | +€1,231 | +17.3% |
| Taxes, remuneration and social security | 45 | €13,230 | €7,662 | -€5,568 | -42.1% |
| Taxes | 450/3 | €4,443 | €7,662 | +€3,219 | +72.5% |
| Remuneration and social security | 454/9 | €8,787 | €0 | -€8,787 | -100.0% |
| Other amounts payable | 47/48 | €52,870 | €24,971 | -€27,899 | -52.8% |
| Accrued charges and deferred income | 492/3 | €736 | €1,550 | +€814 | +110.7% |
| Non-recurring operating income | 76A | €1,500 | €2,603 | +€1,103 | +73.5% |
| Remuneration, social security and pensions | 62 | €47,340 | -€3,209 | -€50,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,474 | €34,110 | +€4,636 | +15.7% |
| Other operating charges | 640/8 | €7,738 | €10,675 | +€2,938 | +38.0% |
| Non-recurring operating charges | 66A | €395 | €0 | -€395 | -100.0% |
| Gross operating margin | 9900 | €142,811 | €71,071 | -€71,740 | -50.2% |
| Operating profit (loss) | 9901 | €57,865 | €29,495 | -€28,370 | -49.0% |
| Financial income | 75/76B | €112 | €10 | -€101 | -90.7% |
| Recurring financial income | 75 | €112 | €10 | -€101 | -90.7% |
| Financial charges | 65/66B | €6,546 | €6,148 | -€398 | -6.1% |
| Recurring financial charges | 65 | €6,546 | €6,148 | -€398 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €51,431 | €23,358 | -€28,073 | -54.6% |
| Income taxes | 67/77 | €730 | €353 | -€378 | -51.7% |
| Profit (loss) for the period | 9904 | €50,701 | €23,005 | -€27,695 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,701 | €23,005 | -€27,695 | -54.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.