Conrad: 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.
Conrad
Largest movements
- Cash -€48,944
down €48,944 (-75.8%), from €64,585 to €15,642
mainly Net result for the year (-€42,162) and Debts after one year (-€33,444)
- Tangible fixed assets -€18,461
down €18,461 (-3.1%), from €589,419 to €570,958
of which Land and buildings: -€20,512
- Deferred charges and accrued income +€9,024
up €9,024 (+622.7%), from €1,449 to €10,473
- Profit (loss) carried forward -€42,162
down €42,162, from €0 to -€42,162
- Debts after one year -€33,444
down €33,444 (-12.6%), from €266,323 to €232,880
- Other debts +€17,592
up €17,592 (+7.0%), from €252,162 to €269,753
- Gross operating margin -€74,523
down €74,523, from €72,027 to -€2,496
- Depreciation -€6,971
down €6,971 (-20.8%), from €33,525 to €26,554
- Staff costs -€3,021
down €3,021, from €2,553 to -€468
- Financial charges +€2,172
up €2,172 (+23.1%), from €9,417 to €11,589
- Taxes -€899
down €899 (-81.5%), from €1,104 to €205
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 | €656,550 | €598,699 | -€57,851 | -8.8% |
| Fixed assets | 21/28 | €589,419 | €570,958 | -€18,461 | -3.1% |
| Tangible fixed assets | 22/27 | €589,419 | €570,958 | -€18,461 | -3.1% |
| Land and buildings | 22 | €588,273 | €567,761 | -€20,512 | -3.5% |
| Plant, machinery and equipment | 23 | €403 | €2,769 | +€2,366 | +587.1% |
| Furniture and vehicles | 24 | €743 | €428 | -€315 | -42.3% |
| Current assets | 29/58 | €67,131 | €27,741 | -€39,390 | -58.7% |
| Amounts receivable within one year | 40/41 | €1,096 | €1,626 | +€530 | +48.3% |
| Trade receivables | 40 | - | €831 | +€831 | |
| Other amounts receivable | 41 | €1,096 | €795 | -€301 | -27.5% |
| Cash at bank and in hand | 54/58 | €64,585 | €15,642 | -€48,944 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,449 | €10,473 | +€9,024 | +622.7% |
| Total equity and liabilities | 10/49 | €656,550 | €598,699 | -€57,851 | -8.8% |
| Equity | 10/15 | €94,085 | €51,924 | -€42,162 | -44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,885 | €87,885 | = | 0.0% |
| Distributable reserves | 133 | €87,885 | €87,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€42,162 | -€42,162 | |
| Amounts payable | 17/49 | €562,465 | €546,775 | -€15,689 | -2.8% |
| Amounts payable after more than one year | 17 | €266,323 | €232,880 | -€33,444 | -12.6% |
| Financial debts | 170/4 | €266,323 | €232,880 | -€33,444 | -12.6% |
| Amounts payable within one year | 42/48 | €291,268 | €306,792 | +€15,524 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €33,012 | €33,444 | +€432 | +1.3% |
| Trade debts | 44 | €1,554 | €313 | -€1,241 | -79.9% |
| Suppliers | 440/4 | €1,554 | €313 | -€1,241 | -79.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,540 | €3,282 | -€1,258 | -27.7% |
| Taxes | 450/3 | €4,540 | €927 | -€3,613 | -79.6% |
| Remuneration and social security | 454/9 | - | €2,355 | +€2,355 | |
| Other amounts payable | 47/48 | €252,162 | €269,753 | +€17,592 | +7.0% |
| Accrued charges and deferred income | 492/3 | €4,873 | €7,103 | +€2,230 | +45.8% |
| Non-recurring operating income | 76A | - | €15,500 | +€15,500 | |
| Remuneration, social security and pensions | 62 | €2,553 | -€468 | -€3,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,525 | €26,554 | -€6,971 | -20.8% |
| Other operating charges | 640/8 | €2,379 | €1,786 | -€593 | -24.9% |
| Gross operating margin | 9900 | €72,027 | -€2,496 | -€74,523 | |
| Operating profit (loss) | 9901 | €33,570 | -€30,368 | -€63,938 | |
| Financial charges | 65/66B | €9,417 | €11,589 | +€2,172 | +23.1% |
| Recurring financial charges | 65 | €9,417 | €11,589 | +€2,172 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €24,154 | -€41,957 | -€66,111 | |
| Income taxes | 67/77 | €1,104 | €205 | -€899 | -81.5% |
| Profit (loss) for the period | 9904 | €23,050 | -€42,162 | -€65,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,050 | -€42,162 | -€65,212 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.