CONDROGEST: 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.
What changed
CONDROGEST
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,326
2024 · €139,260-€87,934
Equity
€355,858
2024 · €354,532+€1,326
Cash
€381,827
2024 · €285,299+€96,528
Balance sheet total
€1.1m
2024 · €1.0m+€58,661
Largest movements
Assets
- Cash +€96,528
up €96,528 (+33.8%), from €285,299 to €381,827
mainly Short-term financial debts (+€75,000) and Trade debts (+€68,239)
- Tangible fixed assets -€45,741
down €45,741 (-9.8%), from €465,145 to €419,404
of which Land and buildings: -€24,798
Equity and liabilities
- Other debts -€90,000
down €90,000 (-64.3%), from €140,000 to €50,000
- Short-term financial debts +€75,000
up €75,000 (+300.0%), from €25,000 to €100,000
- Trade debts +€68,239
up €68,239 (+25.3%), from €270,084 to €338,323
- Tax, wage and social debts +€20,851
up €20,851 (+11.9%), from €174,825 to €195,676
of which Taxes: +€42,831
Income statement
- Gross operating margin -€179,707
down €179,707 (-18.6%), from €965,559 to €785,853
- Staff costs -€76,053
down €76,053 (-10.8%), from €701,332 to €625,279
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.
Result 2024
€139,260
Gross operating margin
-€179,707
Staff costs
+€76,053
Depreciation
+€2,821
Other operating charges
-€489
Other operating items
-€611
Financial income
+€3,325
Financial charges
+€5,304
Taxes
+€5,369
Result 2025
€51,326
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.
From operations
+€94,892
Investment
-€7,097
Financing
+€8,733
Cash 2024
€285,299
From operations (derived)
+€94,892
Net result for the year
+€51,326
Depreciation
+€54,068
Receivables within one year
-€7,469
Deferred charges and accrued income
-€1,635
Provisions
-€488
Trade debts
+€68,239
Tax, wage and social debts
+€20,851
Other debts
-€90,000
Investment (derived)
-€7,097
Investment in fixed assets (net)
-€7,097
Financing
+€8,733
Debts after one year
-€9,464
Current portion of long-term debt
-€6,803
Short-term financial debts
+€75,000
Contributions, distributions and other
-€50,000
Cash 2025
€381,827
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,285 | €1,066,946 | +€58,661 | +5.8% |
| Fixed assets | 21/28 | €483,808 | €436,837 | -€46,971 | -9.7% |
| Intangible fixed assets | 21 | €14,457 | €13,040 | -€1,417 | -9.8% |
| Tangible fixed assets | 22/27 | €465,145 | €419,404 | -€45,741 | -9.8% |
| Land and buildings | 22 | €424,352 | €399,554 | -€24,798 | -5.8% |
| Plant, machinery and equipment | 23 | €8,738 | €4,275 | -€4,462 | -51.1% |
| Furniture and vehicles | 24 | €32,055 | €15,575 | -€16,481 | -51.4% |
| Financial fixed assets | 28 | €4,206 | €4,393 | +€188 | +4.5% |
| Current assets | 29/58 | €524,477 | €630,109 | +€105,631 | +20.1% |
| Amounts receivable within one year | 40/41 | €226,443 | €233,911 | +€7,469 | +3.3% |
| Trade receivables | 40 | €21,357 | €54,262 | +€32,905 | +154.1% |
| Other amounts receivable | 41 | €205,086 | €179,649 | -€25,436 | -12.4% |
| Cash at bank and in hand | 54/58 | €285,299 | €381,827 | +€96,528 | +33.8% |
| Deferred charges and accrued income | 490/1 | €12,735 | €14,370 | +€1,635 | +12.8% |
| Total equity and liabilities | 10/49 | €1,008,285 | €1,066,946 | +€58,661 | +5.8% |
| Equity | 10/15 | €354,532 | €355,858 | +€1,326 | +0.4% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €180,334 | €179,386 | -€948 | -0.5% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,481 | €29,533 | -€948 | -3.1% |
| Distributable reserves | 133 | €132,500 | €132,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €672 | €2,946 | +€2,274 | +338.1% |
| Provisions and deferred taxes | 16 | €10,897 | €10,409 | -€488 | -4.5% |
| Deferred taxes | 168 | €10,897 | €10,409 | -€488 | -4.5% |
| Amounts payable | 17/49 | €642,856 | €700,679 | +€57,822 | +9.0% |
| Amounts payable after more than one year | 17 | €16,680 | €7,215 | -€9,464 | -56.7% |
| Financial debts | 170/4 | €16,680 | €7,215 | -€9,464 | -56.7% |
| Amounts payable within one year | 42/48 | €626,177 | €693,463 | +€67,287 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €16,267 | €9,464 | -€6,803 | -41.8% |
| Financial debts | 43 | €25,000 | €100,000 | +€75,000 | +300.0% |
| Credit institutions | 430/8 | €25,000 | €100,000 | +€75,000 | +300.0% |
| Trade debts | 44 | €270,084 | €338,323 | +€68,239 | +25.3% |
| Suppliers | 440/4 | €270,084 | €338,323 | +€68,239 | +25.3% |
| Taxes, remuneration and social security | 45 | €174,825 | €195,676 | +€20,851 | +11.9% |
| Taxes | 450/3 | €46,860 | €89,691 | +€42,831 | +91.4% |
| Remuneration and social security | 454/9 | €127,965 | €105,985 | -€21,980 | -17.2% |
| Other amounts payable | 47/48 | €140,000 | €50,000 | -€90,000 | -64.3% |
| Remuneration, social security and pensions | 62 | €701,332 | €625,279 | -€76,053 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,889 | €54,068 | -€2,821 | -5.0% |
| Other operating charges | 640/8 | €13,739 | €14,228 | +€489 | +3.6% |
| Non-recurring operating charges | 66A | - | €611 | +€611 | |
| Gross operating margin | 9900 | €965,559 | €785,853 | -€179,707 | -18.6% |
| Operating profit (loss) | 9901 | €193,599 | €91,667 | -€101,932 | -52.7% |
| Financial income | 75/76B | €4,136 | €7,460 | +€3,325 | +80.4% |
| Recurring financial income | 75 | €4,136 | €7,460 | +€3,325 | +80.4% |
| Financial charges | 65/66B | €19,654 | €14,349 | -€5,304 | -27.0% |
| Recurring financial charges | 65 | €19,654 | €14,349 | -€5,304 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €178,081 | €84,778 | -€93,303 | -52.4% |
| Transfer from deferred taxes | 780 | €488 | €488 | = | 0.0% |
| Income taxes | 67/77 | €39,309 | €33,940 | -€5,369 | -13.7% |
| Profit (loss) for the period | 9904 | €139,260 | €51,326 | -€87,934 | -63.1% |
| Transfer from tax-exempt reserves | 789 | €948 | €948 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,208 | €52,274 | -€87,934 | -62.7% |
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 4 October 2026 via checked.be.