CONDROCCASION: 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.
CONDROCCASION
Largest movements
- Tangible fixed assets +€294,429
up €294,429 (+49.7%), from €592,256 to €886,685
of which Land and buildings: +€283,014
- Cash -€35,346
down €35,346 (-11.8%), from €298,881 to €263,535
mainly Investment in fixed assets (net) (-€294,429) and Contributions, distributions and other (-€65,604)
- Debts after one year +€229,642
up €229,642 (+120.8%), from €190,057 to €419,700
- Profit (loss) carried forward +€29,888
up €29,888 (+16.7%), from €178,576 to €208,464
- Current portion of long-term debt +€21,983
up €21,983 (+82.0%), from €26,801 to €48,784
- Reserves -€15,906
down €15,906 (-5.2%), from €303,800 to €287,894
of which Distributable reserves: -€15,000
- Tax, wage and social debts -€14,785
down €14,785 (-86.6%), from €17,082 to €2,297
- Staff costs +€38,216
new in 2025: €38,216
- Depreciation -€31,739
no longer reported in 2025 (was €31,739)
- Taxes -€10,904
down €10,904 (-31.0%), from €35,159 to €24,255
- Gross operating margin -€6,147
down €6,147 (-3.5%), from €178,032 to €171,885
- Financial charges +€4,107
up €4,107 (+39.6%), from €10,377 to €14,484
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 | €894,717 | €1,151,205 | +€256,488 | +28.7% |
| Fixed assets | 21/28 | €592,256 | €886,685 | +€294,429 | +49.7% |
| Tangible fixed assets | 22/27 | €592,256 | €886,685 | +€294,429 | +49.7% |
| Land and buildings | 22 | €567,722 | €850,736 | +€283,014 | +49.9% |
| Plant, machinery and equipment | 23 | €24,534 | €35,949 | +€11,415 | +46.5% |
| Current assets | 29/58 | €302,461 | €264,520 | -€37,941 | -12.5% |
| Amounts receivable within one year | 40/41 | €3,579 | €984 | -€2,595 | -72.5% |
| Trade receivables | 40 | €3,579 | €984 | -€2,595 | -72.5% |
| Cash at bank and in hand | 54/58 | €298,881 | €263,535 | -€35,346 | -11.8% |
| Total equity and liabilities | 10/49 | €894,717 | €1,151,205 | +€256,488 | +28.7% |
| Equity | 10/15 | €643,576 | €657,558 | +€13,982 | +2.2% |
| Contributions | 10/11 | €161,200 | €161,200 | = | 0.0% |
| Capital | 10 | €161,200 | €161,200 | = | 0.0% |
| Issued capital | 100 | €161,200 | €161,200 | = | 0.0% |
| Reserves | 13 | €303,800 | €287,894 | -€15,906 | -5.2% |
| Non-distributable reserves | 130/1 | €16,120 | €16,120 | = | 0.0% |
| Legal reserve | 130 | €16,120 | €16,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,680 | €21,774 | -€906 | -4.0% |
| Distributable reserves | 133 | €265,000 | €250,000 | -€15,000 | -5.7% |
| Profit (loss) carried forward | 14 | €178,576 | €208,464 | +€29,888 | +16.7% |
| Provisions and deferred taxes | 16 | €7,560 | €7,258 | -€302 | -4.0% |
| Provisions for liabilities and charges | 160/5 | €7,560 | €7,258 | -€302 | -4.0% |
| Pensions and similar obligations | 160 | - | €7,258 | +€7,258 | |
| Taxes | 161 | €7,560 | - | -€7,560 | |
| Amounts payable | 17/49 | €243,581 | €486,389 | +€242,808 | +99.7% |
| Amounts payable after more than one year | 17 | €190,057 | €419,700 | +€229,642 | +120.8% |
| Financial debts | 170/4 | €190,057 | €419,700 | +€229,642 | +120.8% |
| Amounts payable within one year | 42/48 | €53,524 | €66,689 | +€13,165 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €26,801 | €48,784 | +€21,983 | +82.0% |
| Trade debts | 44 | €1,415 | €7,926 | +€6,511 | +460.0% |
| Suppliers | 440/4 | €1,415 | €7,926 | +€6,511 | +460.0% |
| Taxes, remuneration and social security | 45 | €17,082 | €2,297 | -€14,785 | -86.6% |
| Taxes | 450/3 | €17,082 | €2,297 | -€14,785 | -86.6% |
| Other amounts payable | 47/48 | €8,225 | €7,682 | -€543 | -6.6% |
| Remuneration, social security and pensions | 62 | - | €38,216 | +€38,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,739 | - | -€31,739 | |
| Other operating charges | 640/8 | €12,812 | €16,481 | +€3,669 | +28.6% |
| Gross operating margin | 9900 | €178,032 | €171,885 | -€6,147 | -3.5% |
| Operating profit (loss) | 9901 | €133,481 | €117,188 | -€16,293 | -12.2% |
| Financial income | 75/76B | €255 | €231 | -€24 | -9.3% |
| Recurring financial income | 75 | €255 | €231 | -€24 | -9.3% |
| Financial charges | 65/66B | €10,377 | €14,484 | +€4,107 | +39.6% |
| Recurring financial charges | 65 | €10,377 | €14,484 | +€4,107 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €123,359 | €102,935 | -€20,424 | -16.6% |
| Transfer from deferred taxes | 780 | €906 | €906 | = | 0.0% |
| Income taxes | 67/77 | €35,159 | €24,255 | -€10,904 | -31.0% |
| Profit (loss) for the period | 9904 | €89,106 | €79,586 | -€9,520 | -10.7% |
| Transfer from tax-exempt reserves | 789 | €302 | €302 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,408 | €79,888 | -€9,520 | -10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.