IMMO CONDROZ: 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.
IMMO CONDROZ
Largest movements
- Cash -€39,579
down €39,579 (-41.3%), from €95,941 to €56,362
mainly Investment in fixed assets (net) (-€25,187) and Net result for the year (-€17,543)
- Tangible fixed assets +€12,834
up €12,834 (+7.9%), from €162,513 to €175,347
of which Land and buildings: +€13,654
- Receivables within one year +€5,526
up €5,526 (+142.4%), from €3,880 to €9,406
of which Trade receivables: +€4,335
- Profit (loss) carried forward -€16,488
down €16,488 (-27.3%), from €60,289 to €43,800
- Trade debts -€8,574
down €8,574 (-98.4%), from €8,712 to €138
- Other debts +€4,279
up €4,279 (+54.7%), from €7,818 to €12,097
- Gross operating margin -€167,223
down €167,223, from €164,811 to -€2,412
- Taxes -€46,491
down €46,491, from €46,300 to -€191
- Other operating charges -€6,009
down €6,009 (-68.2%), from €8,806 to €2,797
- Depreciation +€3,708
up €3,708 (+42.9%), from €8,646 to €12,354
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 | €262,951 | €241,114 | -€21,838 | -8.3% |
| Fixed assets | 21/28 | €162,513 | €175,347 | +€12,834 | +7.9% |
| Tangible fixed assets | 22/27 | €162,513 | €175,347 | +€12,834 | +7.9% |
| Land and buildings | 22 | €158,751 | €172,405 | +€13,654 | +8.6% |
| Furniture and vehicles | 24 | €3,762 | €2,941 | -€821 | -21.8% |
| Current assets | 29/58 | €100,438 | €65,767 | -€34,671 | -34.5% |
| Amounts receivable within one year | 40/41 | €3,880 | €9,406 | +€5,526 | +142.4% |
| Trade receivables | 40 | - | €4,335 | +€4,335 | |
| Other amounts receivable | 41 | €3,880 | €5,071 | +€1,191 | +30.7% |
| Cash at bank and in hand | 54/58 | €95,941 | €56,362 | -€39,579 | -41.3% |
| Deferred charges and accrued income | 490/1 | €618 | - | -€618 | |
| Total equity and liabilities | 10/49 | €262,951 | €241,114 | -€21,838 | -8.3% |
| Equity | 10/15 | €240,634 | €223,450 | -€17,184 | -7.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €118,346 | €117,650 | -€696 | -0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,462 | €9,766 | -€696 | -6.7% |
| Distributable reserves | 133 | €101,684 | €101,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,289 | €43,800 | -€16,488 | -27.3% |
| Provisions and deferred taxes | 16 | €5,387 | €5,029 | -€358 | -6.7% |
| Provisions for liabilities and charges | 160/5 | €5,387 | €5,029 | -€358 | -6.7% |
| Taxes | 161 | €5,387 | €5,029 | -€358 | -6.7% |
| Amounts payable | 17/49 | €16,930 | €12,635 | -€4,295 | -25.4% |
| Amounts payable within one year | 42/48 | €16,530 | €12,235 | -€4,295 | -26.0% |
| Trade debts | 44 | €8,712 | €138 | -€8,574 | -98.4% |
| Suppliers | 440/4 | €8,712 | €138 | -€8,574 | -98.4% |
| Other amounts payable | 47/48 | €7,818 | €12,097 | +€4,279 | +54.7% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,646 | €12,354 | +€3,708 | +42.9% |
| Other operating charges | 640/8 | €8,806 | €2,797 | -€6,009 | -68.2% |
| Gross operating margin | 9900 | €164,811 | -€2,412 | -€167,223 | |
| Operating profit (loss) | 9901 | €147,359 | -€17,563 | -€164,923 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €192 | €170 | -€22 | -11.3% |
| Recurring financial charges | 65 | €192 | €170 | -€22 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €147,167 | -€17,733 | -€164,901 | |
| Income taxes | 67/77 | €46,300 | -€191 | -€46,491 | |
| Profit (loss) for the period | 9904 | €100,867 | -€17,543 | -€118,410 | |
| Transfer from tax-exempt reserves | 789 | €1,054 | €1,054 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,922 | -€16,488 | -€118,410 |
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 5 October 2026 via checked.be.