GALVANISATION DU CONDROZ: 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.
What changed
GALVANISATION DU CONDROZ
NACE 25.510, Coating of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€16,571
2024 · €62,398-€78,969
Equity
€582,642
2024 · €599,213-€16,571
Cash
€151,920
2024 · €227,688-€75,769
Balance sheet total
€3.2m
2024 · €1.5m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+310%), from €547,178 to €2.2m
of which Assets under construction and advance payments: +€1.1m
- Cash -€75,769
down €75,769 (-33.3%), from €227,688 to €151,920
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€62,032)
- Receivables within one year +€62,032
up €62,032 (+16.0%), from €388,107 to €450,139
- Stocks and contracts -€60,976
down €60,976 (-18.3%), from €333,179 to €272,203
Equity and liabilities
- Debts after one year +€1.1m
new in 2025: €1.1m
- Trade debts +€637,410
up €637,410 (+103%), from €618,405 to €1.3m
Income statement
- Turnover +€233,130
up €233,130 (+7.2%), from €3.2m to €3.5m
- Goods and materials +€142,748
up €142,748 (+10.5%), from €1.4m to €1.5m
of which Change in stocks: decrease (increase): +€98,233
- Services and other goods +€129,276
up €129,276 (+14.3%), from €902,304 to €1.0m
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.
Result 2024
€62,398
Turnover
+€233,130
Other operating income
-€7,967
Goods and materials
-€142,748
Services and other goods
-€129,276
Staff costs
-€4,268
Depreciation
-€1,976
Write-downs
-€14,572
Provisions
-€2,119
Other operating charges
-€2,668
Financial income
-€4,703
Financial charges
+€318
Deferred taxes and other
-€2,120
Result 2025
-€16,571
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€685,310
Investment
-€1.8m
Financing
+€1.1m
Cash 2024
€227,688
From operations (derived)
+€685,310
Net result for the year
-€16,571
Depreciation
+€105,659
Stocks and contracts
+€60,976
Receivables within one year
-€62,032
Deferred charges and accrued income
-€24,842
Provisions
-€4,000
Trade debts
+€637,410
Tax, wage and social debts
-€5,216
Accrued charges and deferred income
-€6,074
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.1m
Debts after one year
+€1.1m
Cash 2025
€151,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,515,138 | €3,170,687 | +€1.7m | +109% |
| Fixed assets | 21/28 | €563,828 | €2,269,248 | +€1.7m | +302% |
| Tangible fixed assets | 22/27 | €547,178 | €2,243,598 | +€1.7m | +310% |
| Land and buildings | 22 | €398,690 | €995,214 | +€596,524 | +150% |
| Plant, machinery and equipment | 23 | €147,120 | €122,213 | -€24,907 | -16.9% |
| Furniture and vehicles | 24 | €1,369 | €1,152 | -€216 | -15.8% |
| Assets under construction and advance payments | 27 | - | €1,125,019 | +€1.1m | |
| Financial fixed assets | 28 | €16,650 | €25,650 | +€9,000 | +54.1% |
| Other financial fixed assets | 284/8 | €16,650 | €25,650 | +€9,000 | +54.1% |
| Amounts receivable and cash guarantees | 285/8 | €16,650 | €25,650 | +€9,000 | +54.1% |
| Current assets | 29/58 | €951,310 | €901,440 | -€49,871 | -5.2% |
| Stocks and contracts in progress | 3 | €333,179 | €272,203 | -€60,976 | -18.3% |
| Stocks | 30/36 | €333,179 | €272,203 | -€60,976 | -18.3% |
| Raw materials and consumables | 30/31 | €333,179 | €272,203 | -€60,976 | -18.3% |
| Amounts receivable within one year | 40/41 | €388,107 | €450,139 | +€62,032 | +16.0% |
| Trade receivables | 40 | €388,107 | €450,139 | +€62,032 | +16.0% |
| Cash at bank and in hand | 54/58 | €227,688 | €151,920 | -€75,769 | -33.3% |
| Deferred charges and accrued income | 490/1 | €2,336 | €27,178 | +€24,842 | +1,063% |
| Total equity and liabilities | 10/49 | €1,515,138 | €3,170,687 | +€1.7m | +109% |
| Equity | 10/15 | €599,213 | €582,642 | -€16,571 | -2.8% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €81,086 | €81,086 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,500 | €32,500 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,882 | €13,882 | = | 0.0% |
| Distributable reserves | 133 | €34,704 | €34,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,127 | €176,556 | -€16,571 | -8.6% |
| Provisions and deferred taxes | 16 | €200,000 | €196,000 | -€4,000 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €196,000 | -€4,000 | -2.0% |
| Environmental obligations | 163 | €140,000 | €140,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €60,000 | €56,000 | -€4,000 | -6.7% |
| Amounts payable | 17/49 | €715,925 | €2,392,045 | +€1.7m | +234% |
| Amounts payable after more than one year | 17 | - | €1,050,000 | +€1.1m | |
| Financial debts | 170/4 | - | €1,050,000 | +€1.1m | |
| Other loans | 174 | - | €1,050,000 | +€1.1m | |
| Amounts payable within one year | 42/48 | €688,814 | €1,321,008 | +€632,194 | +91.8% |
| Trade debts | 44 | €618,405 | €1,255,815 | +€637,410 | +103% |
| Suppliers | 440/4 | €618,405 | €1,255,815 | +€637,410 | +103% |
| Taxes, remuneration and social security | 45 | €53,195 | €47,978 | -€5,216 | -9.8% |
| Taxes | 450/3 | €8,509 | €8,060 | -€449 | -5.3% |
| Remuneration and social security | 454/9 | €44,685 | €39,918 | -€4,767 | -10.7% |
| Other amounts payable | 47/48 | €17,214 | €17,214 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €27,111 | €21,038 | -€6,074 | -22.4% |
| Operating income | 70/76A | €3,284,601 | €3,509,764 | +€225,163 | +6.9% |
| Turnover | 70 | €3,227,855 | €3,460,984 | +€233,130 | +7.2% |
| Other operating income | 74 | €56,747 | €48,779 | -€7,967 | -14.0% |
| Operating charges | 60/66A | €3,227,323 | €3,524,950 | +€297,628 | +9.2% |
| Goods for resale, raw materials and consumables | 60 | €1,353,468 | €1,496,215 | +€142,748 | +10.5% |
| Purchases | 600/8 | €1,390,725 | €1,435,239 | +€44,514 | +3.2% |
| Change in stocks: decrease (increase) | 609 | -€37,257 | €60,976 | +€98,233 | |
| Services and other goods | 61 | €902,304 | €1,031,580 | +€129,276 | +14.3% |
| Remuneration, social security and pensions | 62 | €852,337 | €856,605 | +€4,268 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,682 | €105,659 | +€1,976 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,572 | - | +€14,572 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,887 | €8,006 | +€2,119 | +36.0% |
| Other operating charges | 640/8 | €24,217 | €26,885 | +€2,668 | +11.0% |
| Operating profit (loss) | 9901 | €57,278 | -€15,186 | -€72,465 | |
| Financial income | 75/76B | €4,927 | €225 | -€4,703 | -95.4% |
| Recurring financial income | 75 | €4,927 | €225 | -€4,703 | -95.4% |
| Income from financial fixed assets | 750 | - | €155 | +€155 | |
| Other financial income | 752/9 | €4,927 | €69 | -€4,858 | -98.6% |
| Financial charges | 65/66B | €1,928 | €1,609 | -€318 | -16.5% |
| Recurring financial charges | 65 | €1,928 | €1,609 | -€318 | -16.5% |
| Debt charges | 650 | €448 | - | -€448 | |
| Other financial charges | 652/9 | €1,480 | €1,609 | +€129 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €60,278 | -€16,571 | -€76,849 | |
| Transfer from deferred taxes | 780 | €2,120 | - | -€2,120 | |
| Profit (loss) for the period | 9904 | €62,398 | -€16,571 | -€78,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,398 | -€16,571 | -€78,969 |
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 30 October 2026 via checked.be.