CONDROBEL: 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.
CONDROBEL
Largest movements
- Receivables within one year +€14,874
up €14,874 (+78.8%), from €18,886 to €33,760
of which Trade receivables: +€7,542
- Cash +€9,363
up €9,363 (+183.6%), from €5,099 to €14,462
mainly Net result for the year (+€25,736) and Depreciation (+€8,721)
- Intangible fixed assets -€3,500
down €3,500 (-15.4%), from €22,745 to €19,245
- Tangible fixed assets -€2,224
down €2,224 (-13.5%), from €16,455 to €14,232
of which Plant, machinery and equipment: -€1,917
- Reserves +€25,500
up €25,500 (+130.8%), from €19,500 to €45,000
- Debts after one year -€7,101
down €7,101 (-38.7%), from €18,333 to €11,232
- Tax, wage and social debts +€4,539
up €4,539 (+88.2%), from €5,146 to €9,685
of which Taxes: +€3,479
- Investment grants -€2,640
down €2,640 (-33.3%), from €7,921 to €5,281
- Trade debts -€1,822
down €1,822 (-84.7%), from €2,151 to €329
- Gross operating margin +€23,895
up €23,895 (+94.8%), from €25,212 to €49,107
- Taxes +€5,747
up €5,747 (+163.9%), from €3,506 to €9,253
- Staff costs +€2,060
up €2,060 (+45.7%), from €4,504 to €6,563
- Financial charges -€713
down €713 (-46.7%), from €1,528 to €814
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 | €65,240 | €84,025 | +€18,785 | +28.8% |
| Fixed assets | 21/28 | €39,201 | €33,477 | -€5,724 | -14.6% |
| Intangible fixed assets | 21 | €22,745 | €19,245 | -€3,500 | -15.4% |
| Tangible fixed assets | 22/27 | €16,455 | €14,232 | -€2,224 | -13.5% |
| Plant, machinery and equipment | 23 | €12,087 | €10,170 | -€1,917 | -15.9% |
| Furniture and vehicles | 24 | €1,119 | €1,313 | +€194 | +17.3% |
| Other tangible fixed assets | 26 | €3,249 | €2,749 | -€500 | -15.4% |
| Current assets | 29/58 | €26,039 | €50,548 | +€24,509 | +94.1% |
| Stocks and contracts in progress | 3 | €2,054 | €2,326 | +€272 | +13.3% |
| Stocks | 30/36 | €2,054 | €2,326 | +€272 | +13.3% |
| Amounts receivable within one year | 40/41 | €18,886 | €33,760 | +€14,874 | +78.8% |
| Trade receivables | 40 | €12,664 | €20,206 | +€7,542 | +59.5% |
| Other amounts receivable | 41 | €6,222 | €13,554 | +€7,332 | +117.8% |
| Cash at bank and in hand | 54/58 | €5,099 | €14,462 | +€9,363 | +183.6% |
| Total equity and liabilities | 10/49 | €65,240 | €84,025 | +€18,785 | +28.8% |
| Equity | 10/15 | €32,583 | €55,678 | +€23,095 | +70.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €45,000 | +€25,500 | +130.8% |
| Distributable reserves | 133 | €19,500 | €45,000 | +€25,500 | +130.8% |
| Profit (loss) carried forward | 14 | €161 | €397 | +€236 | +146.0% |
| Investment grants | 15 | €7,921 | €5,281 | -€2,640 | -33.3% |
| Amounts payable | 17/49 | €32,657 | €28,347 | -€4,310 | -13.2% |
| Amounts payable after more than one year | 17 | €18,333 | €11,232 | -€7,101 | -38.7% |
| Financial debts | 170/4 | €18,333 | €11,232 | -€7,101 | -38.7% |
| Amounts payable within one year | 42/48 | €14,324 | €17,116 | +€2,792 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €7,026 | €7,101 | +€75 | +1.1% |
| Trade debts | 44 | €2,151 | €329 | -€1,822 | -84.7% |
| Suppliers | 440/4 | €2,151 | €329 | -€1,822 | -84.7% |
| Taxes, remuneration and social security | 45 | €5,146 | €9,685 | +€4,539 | +88.2% |
| Taxes | 450/3 | €5,146 | €8,625 | +€3,479 | +67.6% |
| Remuneration and social security | 454/9 | - | €1,060 | +€1,060 | |
| Remuneration, social security and pensions | 62 | €4,504 | €6,563 | +€2,060 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,507 | €8,721 | +€214 | +2.5% |
| Other operating charges | 640/8 | €981 | €661 | -€320 | -32.6% |
| Non-recurring operating charges | 66A | €86 | - | -€86 | |
| Gross operating margin | 9900 | €25,212 | €49,107 | +€23,895 | +94.8% |
| Operating profit (loss) | 9901 | €11,135 | €33,162 | +€22,027 | +197.8% |
| Financial income | 75/76B | €2,859 | €2,640 | -€218 | -7.6% |
| Recurring financial income | 75 | €2,859 | €2,640 | -€218 | -7.6% |
| Financial charges | 65/66B | €1,528 | €814 | -€713 | -46.7% |
| Recurring financial charges | 65 | €1,528 | €814 | -€713 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €12,466 | €34,988 | +€22,523 | +180.7% |
| Income taxes | 67/77 | €3,506 | €9,253 | +€5,747 | +163.9% |
| Profit (loss) for the period | 9904 | €8,960 | €25,736 | +€16,776 | +187.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,960 | €25,736 | +€16,776 | +187.2% |
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 11 October 2026 via checked.be.