GONDECOR: 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.
GONDECOR
Largest movements
- Receivables within one year +€19,834
up €19,834 (+58.9%), from €33,673 to €53,507
of which Other amounts receivable: +€26,651
- Cash +€10,199
up €10,199 (+582.1%), from €1,752 to €11,951
mainly Net result for the year (+€18,623) and Advances received (+€14,457)
- Tangible fixed assets +€924
up €924 (+54.5%), from €1,696 to €2,620
- Advances received +€14,457
new in 2025: €14,457
- Reserves +€13,623
up €13,623 (+114.4%), from €11,908 to €25,531
- Trade debts -€6,502
no longer reported in 2025 (was €6,502)
- Other debts +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€4,381
up €4,381 (+180.5%), from €2,427 to €6,808
- Gross operating margin +€20,200
up €20,200 (+642.3%), from €3,145 to €23,345
- Taxes +€3,057
up €3,057 (+311.9%), from €980 to €4,037
- Financial income +€627
up €627 (+44.2%), from €1,418 to €2,045
- Financial charges +€403
up €403 (+2121.1%), from €19 to €422
- Other operating charges -€340
down €340 (-35.7%), from €952 to €612
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 | €37,170 | €68,127 | +€30,957 | +83.3% |
| Fixed assets | 21/28 | €1,745 | €2,669 | +€924 | +53.0% |
| Tangible fixed assets | 22/27 | €1,696 | €2,620 | +€924 | +54.5% |
| Furniture and vehicles | 24 | €1,696 | €2,620 | +€924 | +54.5% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €35,425 | €65,458 | +€30,033 | +84.8% |
| Amounts receivable within one year | 40/41 | €33,673 | €53,507 | +€19,834 | +58.9% |
| Trade receivables | 40 | €8,419 | €1,602 | -€6,817 | -81.0% |
| Other amounts receivable | 41 | €25,254 | €51,905 | +€26,651 | +105.5% |
| Cash at bank and in hand | 54/58 | €1,752 | €11,951 | +€10,199 | +582.1% |
| Total equity and liabilities | 10/49 | €37,170 | €68,127 | +€30,957 | +83.3% |
| Equity | 10/15 | €27,398 | €41,021 | +€13,623 | +49.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €11,908 | €25,531 | +€13,623 | +114.4% |
| Distributable reserves | 133 | €11,908 | €25,531 | +€13,623 | +114.4% |
| Profit (loss) carried forward | 14 | €9,293 | €9,293 | = | 0.0% |
| Amounts payable | 17/49 | €9,772 | €27,106 | +€17,334 | +177.4% |
| Amounts payable within one year | 42/48 | €8,929 | €26,265 | +€17,336 | +194.2% |
| Trade debts | 44 | €6,502 | - | -€6,502 | |
| Suppliers | 440/4 | €6,502 | - | -€6,502 | |
| Advances received on contracts in progress | 46 | - | €14,457 | +€14,457 | |
| Taxes, remuneration and social security | 45 | €2,427 | €6,808 | +€4,381 | +180.5% |
| Taxes | 450/3 | €2,427 | €6,808 | +€4,381 | +180.5% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €843 | €841 | -€2 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,429 | €1,696 | +€267 | +18.7% |
| Other operating charges | 640/8 | €952 | €612 | -€340 | -35.7% |
| Gross operating margin | 9900 | €3,145 | €23,345 | +€20,200 | +642.3% |
| Operating profit (loss) | 9901 | €764 | €21,037 | +€20,273 | +2653.5% |
| Financial income | 75/76B | €1,418 | €2,045 | +€627 | +44.2% |
| Recurring financial income | 75 | €1,418 | €2,045 | +€627 | +44.2% |
| Financial charges | 65/66B | €19 | €422 | +€403 | +2121.1% |
| Recurring financial charges | 65 | €19 | €422 | +€403 | +2121.1% |
| Profit (loss) for the period before taxes | 9903 | €2,163 | €22,660 | +€20,497 | +947.6% |
| Income taxes | 67/77 | €980 | €4,037 | +€3,057 | +311.9% |
| Profit (loss) for the period | 9904 | €1,183 | €18,623 | +€17,440 | +1474.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,183 | €18,623 | +€17,440 | +1474.2% |
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 12 October 2026 via checked.be.