CONDYCAN: 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.
CONDYCAN
Largest movements
- Cash -€43,610
down €43,610 (-70.6%), from €61,769 to €18,159
mainly Other debts (-€68,000) and Trade debts (-€4,193)
- Tangible fixed assets -€19,237
down €19,237 (-4.4%), from €436,123 to €416,886
- Other debts -€68,000
down €68,000 (-19.5%), from €348,000 to €280,000
- Profit (loss) carried forward +€12,125
up €12,125 (+120.9%), from €10,027 to €22,152
- Taxes +€2,135
up €2,135 (+112.0%), from €1,906 to €4,042
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 | €504,734 | €442,480 | -€62,253 | -12.3% |
| Fixed assets | 21/28 | €436,123 | €416,886 | -€19,237 | -4.4% |
| Tangible fixed assets | 22/27 | €436,123 | €416,886 | -€19,237 | -4.4% |
| Land and buildings | 22 | €436,123 | €416,886 | -€19,237 | -4.4% |
| Current assets | 29/58 | €68,610 | €25,594 | -€43,016 | -62.7% |
| Amounts receivable within one year | 40/41 | €5,656 | €6,552 | +€896 | +15.8% |
| Trade receivables | 40 | €62 | €0 | -€62 | -100.0% |
| Other amounts receivable | 41 | €5,594 | €6,552 | +€959 | +17.1% |
| Cash at bank and in hand | 54/58 | €61,769 | €18,159 | -€43,610 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,186 | €883 | -€302 | -25.5% |
| Total equity and liabilities | 10/49 | €504,734 | €442,480 | -€62,253 | -12.3% |
| Equity | 10/15 | €148,627 | €160,752 | +€12,125 | +8.2% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,027 | €22,152 | +€12,125 | +120.9% |
| Amounts payable | 17/49 | €356,107 | €281,729 | -€74,378 | -20.9% |
| Amounts payable after more than one year | 17 | €3,800 | €1,600 | -€2,200 | -57.9% |
| Other amounts payable | 178/9 | €3,800 | €1,600 | -€2,200 | -57.9% |
| Amounts payable within one year | 42/48 | €352,219 | €280,026 | -€72,193 | -20.5% |
| Trade debts | 44 | €4,219 | €26 | -€4,193 | -99.4% |
| Suppliers | 440/4 | €4,219 | €26 | -€4,193 | -99.4% |
| Other amounts payable | 47/48 | €348,000 | €280,000 | -€68,000 | -19.5% |
| Accrued charges and deferred income | 492/3 | €88 | €102 | +€15 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,237 | €19,237 | = | 0.0% |
| Other operating charges | 640/8 | €4,631 | €4,776 | +€145 | +3.1% |
| Gross operating margin | 9900 | €40,164 | €40,387 | +€223 | +0.6% |
| Operating profit (loss) | 9901 | €16,296 | €16,374 | +€78 | +0.5% |
| Financial charges | 65/66B | €183 | €208 | +€25 | +13.5% |
| Recurring financial charges | 65 | €183 | €208 | +€25 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €16,113 | €16,166 | +€53 | +0.3% |
| Income taxes | 67/77 | €1,906 | €4,042 | +€2,135 | +112.0% |
| Profit (loss) for the period | 9904 | €14,207 | €12,125 | -€2,082 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,207 | €12,125 | -€2,082 | -14.7% |
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.