Condruvet: 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.
Condruvet
Largest movements
- Receivables within one year -€22,518
down €22,518 (-10.1%), from €223,609 to €201,091
of which Trade receivables: -€26,098
- Tangible fixed assets +€4,288
up €4,288 (+51.3%), from €8,358 to €12,646
- Trade debts -€14,033
down €14,033 (-4.1%), from €345,167 to €331,134
- Current portion of long-term debt -€4,920
no longer reported in 2025 (was €4,920)
- Gross operating margin +€1,625
up €1,625 (+35.3%), from €4,610 to €6,235
- Depreciation +€616
up €616 (+16.8%), from €3,662 to €4,278
- Other operating charges +€362
up €362 (+68.0%), from €532 to €893
- Financial charges -€140
down €140 (-59.9%), from €234 to €94
- Taxes +€135
up €135 (+101.1%), from €134 to €269
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 | €393,016 | €375,509 | -€17,507 | -4.5% |
| Fixed assets | 21/28 | €8,358 | €12,646 | +€4,288 | +51.3% |
| Tangible fixed assets | 22/27 | €8,358 | €12,646 | +€4,288 | +51.3% |
| Furniture and vehicles | 24 | €8,358 | €12,646 | +€4,288 | +51.3% |
| Current assets | 29/58 | €384,658 | €362,863 | -€21,795 | -5.7% |
| Amounts receivable within one year | 40/41 | €223,609 | €201,091 | -€22,518 | -10.1% |
| Trade receivables | 40 | €222,947 | €196,849 | -€26,098 | -11.7% |
| Other amounts receivable | 41 | €662 | €4,242 | +€3,579 | +540.7% |
| Cash at bank and in hand | 54/58 | €160,975 | €161,772 | +€797 | +0.5% |
| Deferred charges and accrued income | 490/1 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €393,016 | €375,509 | -€17,507 | -4.5% |
| Equity | 10/15 | €38,644 | €39,420 | +€776 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €893 | €893 | = | 0.0% |
| Distributable reserves | 133 | €893 | €893 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,351 | €26,127 | +€776 | +3.1% |
| Amounts payable | 17/49 | €354,373 | €336,089 | -€18,284 | -5.2% |
| Amounts payable within one year | 42/48 | €353,789 | €335,505 | -€18,284 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €4,920 | - | -€4,920 | |
| Trade debts | 44 | €345,167 | €331,134 | -€14,033 | -4.1% |
| Suppliers | 440/4 | €345,167 | €331,134 | -€14,033 | -4.1% |
| Taxes, remuneration and social security | 45 | €642 | €1,536 | +€894 | +139.2% |
| Taxes | 450/3 | €642 | €1,536 | +€894 | +139.2% |
| Other amounts payable | 47/48 | €3,060 | €2,835 | -€225 | -7.4% |
| Accrued charges and deferred income | 492/3 | €584 | €584 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,662 | €4,278 | +€616 | +16.8% |
| Other operating charges | 640/8 | €532 | €893 | +€362 | +68.0% |
| Gross operating margin | 9900 | €4,610 | €6,235 | +€1,625 | +35.3% |
| Operating profit (loss) | 9901 | €416 | €1,064 | +€648 | +155.6% |
| Financial income | 75/76B | €1 | €75 | +€74 | +6691.8% |
| Recurring financial income | 75 | €1 | €75 | +€74 | +6691.8% |
| Financial charges | 65/66B | €234 | €94 | -€140 | -59.9% |
| Recurring financial charges | 65 | €234 | €94 | -€140 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €183 | €1,045 | +€862 | +469.6% |
| Income taxes | 67/77 | €134 | €269 | +€135 | +101.1% |
| Profit (loss) for the period | 9904 | €50 | €776 | +€727 | +1456.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €776 | +€727 | +1456.3% |
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 12 October 2026 via checked.be.