CONRADUS: 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.
CONRADUS
Largest movements
- Receivables within one year -€6,100
down €6,100 (-4.0%), from €151,957 to €145,857
of which Trade receivables: -€70,967
- Deferred charges and accrued income -€3,960
down €3,960 (-94.4%), from €4,195 to €235
- Tangible fixed assets +€1,993
up €1,993 (+623.7%), from €320 to €2,313
- Trade debts -€82,031
down €82,031 (-85.2%), from €96,283 to €14,252
- Profit (loss) carried forward +€45,566
up €45,566 (+188.4%), from €24,182 to €69,748
- Tax, wage and social debts +€29,801
up €29,801 (+75.7%), from €39,376 to €69,177
- Gross operating margin +€102,064
up €102,064 (+204.8%), from €49,848 to €151,913
- Write-downs +€66,349
new in 2025: €66,349
- Taxes +€18,582
up €18,582 (+130.3%), from €14,259 to €32,840
- Other operating charges +€2,880
up €2,880 (+129.4%), from €2,226 to €5,106
- Financial charges -€2,341
down €2,341 (-60.1%), from €3,896 to €1,555
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 | €160,841 | €154,178 | -€6,663 | -4.1% |
| Fixed assets | 21/28 | €320 | €2,313 | +€1,993 | +623.7% |
| Tangible fixed assets | 22/27 | €320 | €2,313 | +€1,993 | +623.7% |
| Furniture and vehicles | 24 | €320 | €2,313 | +€1,993 | +623.7% |
| Current assets | 29/58 | €160,521 | €151,865 | -€8,656 | -5.4% |
| Amounts receivable within one year | 40/41 | €151,957 | €145,857 | -€6,100 | -4.0% |
| Trade receivables | 40 | €143,475 | €72,508 | -€70,967 | -49.5% |
| Other amounts receivable | 41 | €8,482 | €73,349 | +€64,867 | +764.8% |
| Cash at bank and in hand | 54/58 | €4,370 | €5,773 | +€1,403 | +32.1% |
| Deferred charges and accrued income | 490/1 | €4,195 | €235 | -€3,960 | -94.4% |
| Total equity and liabilities | 10/49 | €160,841 | €154,178 | -€6,663 | -4.1% |
| Equity | 10/15 | €25,182 | €70,748 | +€45,566 | +180.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,182 | €69,748 | +€45,566 | +188.4% |
| Amounts payable | 17/49 | €135,659 | €83,429 | -€52,229 | -38.5% |
| Amounts payable within one year | 42/48 | €135,659 | €83,429 | -€52,229 | -38.5% |
| Trade debts | 44 | €96,283 | €14,252 | -€82,031 | -85.2% |
| Suppliers | 440/4 | €96,283 | €14,252 | -€82,031 | -85.2% |
| Taxes, remuneration and social security | 45 | €39,376 | €69,177 | +€29,801 | +75.7% |
| Taxes | 450/3 | €39,376 | €69,177 | +€29,801 | +75.7% |
| Non-recurring operating income | 76A | - | €1,829 | +€1,829 | |
| Goods, raw materials, services and sundry goods | 60/61 | €604,640 | €604,167 | -€473 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €507 | +€506 | +34389.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €66,349 | +€66,349 | |
| Other operating charges | 640/8 | €2,226 | €5,106 | +€2,880 | +129.4% |
| Gross operating margin | 9900 | €49,848 | €151,913 | +€102,064 | +204.8% |
| Operating profit (loss) | 9901 | €47,621 | €79,951 | +€32,330 | +67.9% |
| Financial income | 75/76B | €12 | €10 | -€1 | -11.7% |
| Recurring financial income | 75 | €12 | €10 | -€1 | -11.7% |
| Financial charges | 65/66B | €3,896 | €1,555 | -€2,341 | -60.1% |
| Recurring financial charges | 65 | €3,896 | €1,555 | -€2,341 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €43,737 | €78,406 | +€34,669 | +79.3% |
| Income taxes | 67/77 | €14,259 | €32,840 | +€18,582 | +130.3% |
| Profit (loss) for the period | 9904 | €29,478 | €45,566 | +€16,088 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,478 | €45,566 | +€16,088 | +54.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.