Conduterra: 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.
Conduterra
Largest movements
- Cash +€596,153
up €596,153 (+128%), from €466,313 to €1.1m
mainly Net result for the year (+€349,000) and Advances received (+€342,371)
- Stocks and contracts +€170,364
up €170,364 (+34.4%), from €495,814 to €666,178
of which Contracts in progress: +€310,868
- Tangible fixed assets -€107,069
down €107,069 (-28.3%), from €378,735 to €271,666
- Receivables within one year -€60,337
down €60,337 (-2.7%), from €2.2m to €2.1m
of which Other amounts receivable: -€57,911
- Reserves +€348,666
up €348,666 (+22.5%), from €1.5m to €1.9m
of which Distributable reserves: +€348,666
- Advances received +€342,371
up €342,371 (+239%), from €143,387 to €485,758
- Short-term financial debts -€187,256
down €187,256 (-85.0%), from €220,215 to €32,959
- Tax, wage and social debts +€88,697
up €88,697 (+47.6%), from €186,527 to €275,225
of which Remuneration and social security: +€47,844
- Trade debts +€86,937
up €86,937 (+8.1%), from €1.1m to €1.2m
- Staff costs +€713,517
up €713,517 (+38.8%), from €1.8m to €2.6m
- Gross operating margin +€689,014
up €689,014 (+27.5%), from €2.5m to €3.2m
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.
Derived cash bridge
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 | €3,652,078 | €4,204,931 | +€552,853 | +15.1% |
| Fixed assets | 21/28 | €420,631 | €294,129 | -€126,502 | -30.1% |
| Intangible fixed assets | 21 | €3,186 | €1,478 | -€1,708 | -53.6% |
| Tangible fixed assets | 22/27 | €378,735 | €271,666 | -€107,069 | -28.3% |
| Plant, machinery and equipment | 23 | €134,319 | €91,008 | -€43,312 | -32.2% |
| Furniture and vehicles | 24 | €53,382 | €44,072 | -€9,309 | -17.4% |
| Leasing and similar rights | 25 | €166,168 | €116,124 | -€50,044 | -30.1% |
| Other tangible fixed assets | 26 | €24,866 | €20,462 | -€4,404 | -17.7% |
| Financial fixed assets | 28 | €38,710 | €20,985 | -€17,725 | -45.8% |
| Current assets | 29/58 | €3,231,447 | €3,910,803 | +€679,355 | +21.0% |
| Stocks and contracts in progress | 3 | €495,814 | €666,178 | +€170,364 | +34.4% |
| Stocks | 30/36 | €495,814 | €355,309 | -€140,504 | -28.3% |
| Contracts in progress | 37 | - | €310,868 | +€310,868 | |
| Amounts receivable within one year | 40/41 | €2,209,863 | €2,149,527 | -€60,337 | -2.7% |
| Trade receivables | 40 | €1,976,617 | €1,974,191 | -€2,426 | -0.1% |
| Other amounts receivable | 41 | €233,247 | €175,336 | -€57,911 | -24.8% |
| Cash at bank and in hand | 54/58 | €466,313 | €1,062,466 | +€596,153 | +128% |
| Deferred charges and accrued income | 490/1 | €59,458 | €32,633 | -€26,825 | -45.1% |
| Total equity and liabilities | 10/49 | €3,652,078 | €4,204,931 | +€552,853 | +15.1% |
| Equity | 10/15 | €1,747,607 | €2,096,607 | +€349,000 | +20.0% |
| Contributions | 10/11 | €198,430 | €198,430 | = | 0.0% |
| Capital | 10 | €198,430 | €198,430 | = | 0.0% |
| Issued capital | 100 | €198,430 | €198,430 | = | 0.0% |
| Reserves | 13 | €1,549,177 | €1,897,843 | +€348,666 | +22.5% |
| Non-distributable reserves | 130/1 | €19,843 | €19,843 | = | 0.0% |
| Legal reserve | 130 | €19,843 | €19,843 | = | 0.0% |
| Distributable reserves | 133 | €1,529,334 | €1,878,000 | +€348,666 | +22.8% |
| Profit (loss) carried forward | 14 | - | €334 | +€334 | |
| Amounts payable | 17/49 | €1,904,471 | €2,108,325 | +€203,853 | +10.7% |
| Amounts payable after more than one year | 17 | €153,819 | €98,057 | -€55,762 | -36.3% |
| Financial debts | 170/4 | €153,819 | €98,057 | -€55,762 | -36.3% |
| Amounts payable within one year | 42/48 | €1,750,653 | €2,010,268 | +€259,615 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €126,896 | €55,762 | -€71,134 | -56.1% |
| Financial debts | 43 | €220,215 | €32,959 | -€187,256 | -85.0% |
| Credit institutions | 430/8 | €220,215 | €32,959 | -€187,256 | -85.0% |
| Trade debts | 44 | €1,073,627 | €1,160,564 | +€86,937 | +8.1% |
| Suppliers | 440/4 | €1,073,627 | €1,160,564 | +€86,937 | +8.1% |
| Advances received on contracts in progress | 46 | €143,387 | €485,758 | +€342,371 | +239% |
| Taxes, remuneration and social security | 45 | €186,527 | €275,225 | +€88,697 | +47.6% |
| Taxes | 450/3 | €16,913 | €57,767 | +€40,854 | +242% |
| Remuneration and social security | 454/9 | €169,614 | €217,458 | +€47,844 | +28.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €319,411 | €0 | -€319,411 | -100% |
| Remuneration, social security and pensions | 62 | €1,839,466 | €2,552,983 | +€713,517 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,007 | €131,485 | +€28,478 | +27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,248 | +€8,248 | |
| Other operating charges | 640/8 | €6,303 | €8,371 | +€2,069 | +32.8% |
| Non-recurring operating charges | 66A | - | €1,539 | +€1,539 | |
| Gross operating margin | 9900 | €2,508,202 | €3,197,216 | +€689,014 | +27.5% |
| Operating profit (loss) | 9901 | €559,426 | €494,590 | -€64,836 | -11.6% |
| Financial income | 75/76B | €5,774 | €13,938 | +€8,164 | +141% |
| Recurring financial income | 75 | €5,774 | €13,938 | +€8,164 | +141% |
| Financial charges | 65/66B | €29,494 | €16,827 | -€12,667 | -42.9% |
| Recurring financial charges | 65 | €29,494 | €16,827 | -€12,667 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €535,706 | €491,701 | -€44,005 | -8.2% |
| Income taxes | 67/77 | €157,489 | €142,701 | -€14,789 | -9.4% |
| Profit (loss) for the period | 9904 | €378,217 | €349,000 | -€29,216 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €378,217 | €349,000 | -€29,216 | -7.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.