CONDUCT BELGIUM: what changed
CONDUCT BELGIUM
Largest movements
- Receivables within one year -€75,030
down €75,030 (-50.2%), from €149,480 to €74,450
of which Other amounts receivable: -€75,030
- Deferred charges and accrued income +€7,935
up €7,935, from €0 to €7,935
- Cash +€2,414
up €2,414 (+4.0%), from €60,246 to €62,660
mainly Receivables within one year (+€75,030) and Net result for the year (+€62,275)
- Other debts -€56,725
down €56,725 (-100%), from €56,725 to €0
- Profit (loss) carried forward +€12,275
up €12,275 (+56.0%), from €21,936 to €34,210
- Advances received -€11,316
down €11,316 (-100%), from €11,316 to €0
- Tax, wage and social debts -€9,086
down €9,086 (-22.2%), from €41,004 to €31,918
- Gross operating margin -€51,452
down €51,452 (-36.0%), from €142,743 to €91,290
- Taxes -€12,387
down €12,387 (-37.1%), from €33,415 to €21,028
- Financial charges -€6,753
down €6,753 (-45.5%), from €14,838 to €8,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,726 | €145,044 | -€64,682 | -30.8% |
| Current assets | 29/58 | €209,726 | €145,044 | -€64,682 | -30.8% |
| Amounts receivable within one year | 40/41 | €149,480 | €74,450 | -€75,030 | -50.2% |
| Trade receivables | 40 | €4,450 | €4,450 | = | 0.0% |
| Other amounts receivable | 41 | €145,030 | €70,000 | -€75,030 | -51.7% |
| Cash at bank and in hand | 54/58 | €60,246 | €62,660 | +€2,414 | +4.0% |
| Deferred charges and accrued income | 490/1 | €0 | €7,935 | +€7,935 | |
| Total equity and liabilities | 10/49 | €209,726 | €145,044 | -€64,682 | -30.8% |
| Equity | 10/15 | €89,586 | €101,860 | +€12,275 | +13.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,936 | €34,210 | +€12,275 | +56.0% |
| Amounts payable | 17/49 | €120,141 | €43,184 | -€76,956 | -64.1% |
| Amounts payable within one year | 42/48 | €120,141 | €43,184 | -€76,956 | -64.1% |
| Trade debts | 44 | €11,096 | €11,266 | +€170 | +1.5% |
| Suppliers | 440/4 | €11,096 | €11,266 | +€170 | +1.5% |
| Advances received on contracts in progress | 46 | €11,316 | €0 | -€11,316 | -100% |
| Taxes, remuneration and social security | 45 | €41,004 | €31,918 | -€9,086 | -22.2% |
| Taxes | 450/3 | €41,004 | €31,918 | -€9,086 | -22.2% |
| Other amounts payable | 47/48 | €56,725 | €0 | -€56,725 | -100% |
| Other operating charges | 640/8 | - | €596 | +€596 | |
| Gross operating margin | 9900 | €142,743 | €91,290 | -€51,452 | -36.0% |
| Operating profit (loss) | 9901 | €142,743 | €90,694 | -€52,049 | -36.5% |
| Financial income | 75/76B | - | €694 | +€694 | |
| Recurring financial income | 75 | - | €694 | +€694 | |
| Financial charges | 65/66B | €14,838 | €8,085 | -€6,753 | -45.5% |
| Recurring financial charges | 65 | €14,838 | €8,085 | -€6,753 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €127,905 | €83,303 | -€44,602 | -34.9% |
| Income taxes | 67/77 | €33,415 | €21,028 | -€12,387 | -37.1% |
| Profit (loss) for the period | 9904 | €94,490 | €62,275 | -€32,215 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,490 | €62,275 | -€32,215 | -34.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.