CONRAD CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€319,927
down €319,927 (-49.5%), from €646,031 to €326,104
of which Trade receivables: -€323,191
- Cash -€60,942
down €60,942 (-25.2%), from €242,202 to €181,260
mainly Accrued charges and deferred income (-€289,400) and Trade debts (-€89,976)
- Tangible fixed assets -€51,423
down €51,423 (-6.9%), from €748,234 to €696,811
of which Furniture and vehicles: -€33,380
- Accrued charges and deferred income -€289,400
down €289,400 (-80.5%), from €359,400 to €70,000
- Trade debts -€89,976
down €89,976 (-45.5%), from €197,715 to €107,738
- Current portion of long-term debt -€47,599
down €47,599 (-76.5%), from €62,212 to €14,613
- Gross operating margin -€125,390
down €125,390 (-22.1%), from €566,581 to €441,191
- Taxes -€40,021
down €40,021 (-72.7%), from €55,059 to €15,038
- Other operating charges +€11,554
up €11,554 (+157.6%), from €7,332 to €18,886
- Staff costs +€9,269
up €9,269 (+3.0%), from €306,622 to €315,892
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 | €1,636,705 | €1,204,176 | -€432,529 | -26.4% |
| Fixed assets | 21/28 | €748,472 | €696,811 | -€51,660 | -6.9% |
| Intangible fixed assets | 21 | €237 | €0 | -€237 | -100.0% |
| Tangible fixed assets | 22/27 | €748,234 | €696,811 | -€51,423 | -6.9% |
| Land and buildings | 22 | €611,985 | €600,946 | -€11,039 | -1.8% |
| Plant, machinery and equipment | 23 | €41,206 | €34,202 | -€7,003 | -17.0% |
| Furniture and vehicles | 24 | €95,043 | €61,663 | -€33,380 | -35.1% |
| Current assets | 29/58 | €888,233 | €507,365 | -€380,869 | -42.9% |
| Amounts receivable within one year | 40/41 | €646,031 | €326,104 | -€319,927 | -49.5% |
| Trade receivables | 40 | €585,375 | €262,184 | -€323,191 | -55.2% |
| Other amounts receivable | 41 | €60,656 | €63,921 | +€3,265 | +5.4% |
| Cash at bank and in hand | 54/58 | €242,202 | €181,260 | -€60,942 | -25.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,636,705 | €1,204,176 | -€432,529 | -26.4% |
| Equity | 10/15 | €875,729 | €890,534 | +€14,806 | +1.7% |
| 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% |
| Revaluation surpluses | 12 | €444,612 | €444,612 | = | 0.0% |
| Reserves | 13 | €369,616 | €384,422 | +€14,806 | +4.0% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Distributable reserves | 133 | €362,816 | €377,622 | +€14,806 | +4.1% |
| Amounts payable | 17/49 | €760,976 | €313,642 | -€447,334 | -58.8% |
| Amounts payable after more than one year | 17 | €36,022 | €21,409 | -€14,613 | -40.6% |
| Financial debts | 170/4 | €36,022 | €21,409 | -€14,613 | -40.6% |
| Amounts payable within one year | 42/48 | €365,554 | €222,233 | -€143,321 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €62,212 | €14,613 | -€47,599 | -76.5% |
| Trade debts | 44 | €197,715 | €107,738 | -€89,976 | -45.5% |
| Suppliers | 440/4 | €197,715 | €107,738 | -€89,976 | -45.5% |
| Taxes, remuneration and social security | 45 | €105,627 | €99,881 | -€5,746 | -5.4% |
| Taxes | 450/3 | €75,230 | €64,780 | -€10,450 | -13.9% |
| Remuneration and social security | 454/9 | €30,397 | €35,102 | +€4,704 | +15.5% |
| Accrued charges and deferred income | 492/3 | €359,400 | €70,000 | -€289,400 | -80.5% |
| Remuneration, social security and pensions | 62 | €306,622 | €315,892 | +€9,269 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,634 | €70,641 | -€1,993 | -2.7% |
| Other operating charges | 640/8 | €7,332 | €18,886 | +€11,554 | +157.6% |
| Non-recurring operating charges | 66A | €10,000 | €1,873 | -€8,127 | -81.3% |
| Gross operating margin | 9900 | €566,581 | €441,191 | -€125,390 | -22.1% |
| Operating profit (loss) | 9901 | €169,992 | €33,898 | -€136,094 | -80.1% |
| Financial income | 75/76B | €94 | €37 | -€57 | -61.0% |
| Recurring financial income | 75 | €94 | €37 | -€57 | -61.0% |
| Financial charges | 65/66B | €5,633 | €4,091 | -€1,542 | -27.4% |
| Recurring financial charges | 65 | €5,633 | €4,091 | -€1,542 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €164,452 | €29,843 | -€134,609 | -81.9% |
| Income taxes | 67/77 | €55,059 | €15,038 | -€40,021 | -72.7% |
| Profit (loss) for the period | 9904 | €109,393 | €14,806 | -€94,588 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,393 | €14,806 | -€94,588 | -86.5% |
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 9 October 2026 via checked.be.