KONDER: what changed
KONDER
Largest movements
- Tangible fixed assets +€21,355
up €21,355 (+44.2%), from €48,351 to €69,706
of which Other tangible fixed assets: +€23,411
- Receivables within one year +€16,838
up €16,838 (+103%), from €16,418 to €33,256
of which Trade receivables: +€18,960
- Cash +€4,928
up €4,928 (+2.1%), from €235,181 to €240,109
mainly Net result for the year (+€108,677) and Other debts (+€52,192)
- Deferred charges and accrued income +€4,224
up €4,224 (+29.4%), from €14,369 to €18,593
- Other debts +€52,192
up €52,192 (+936%), from €5,579 to €57,771
- Reserves -€38,322
down €38,322 (-16.0%), from €239,088 to €200,765
of which Distributable reserves: -€38,322
- Accrued charges and deferred income +€13,111
up €13,111 (+940%), from €1,394 to €14,506
- Current portion of long-term debt +€11,799
up €11,799 (+186%), from €6,351 to €18,150
- Debts after one year +€8,425
up €8,425 (+84.5%), from €9,967 to €18,392
- Gross operating margin +€66,177
up €66,177 (+13.9%), from €476,851 to €543,028
- Financial income -€14,931
down €14,931 (-96.2%), from €15,518 to €587
of which Non-recurring financial income: -€12,673
- Taxes +€9,675
up €9,675 (+31.8%), from €30,399 to €40,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,914 | €377,803 | +€48,889 | +14.9% |
| Fixed assets | 21/28 | €48,351 | €69,706 | +€21,355 | +44.2% |
| Tangible fixed assets | 22/27 | €48,351 | €69,706 | +€21,355 | +44.2% |
| Plant, machinery and equipment | 23 | €31,697 | €25,315 | -€6,383 | -20.1% |
| Furniture and vehicles | 24 | - | €10,477 | +€10,477 | |
| Leasing and similar rights | 25 | €15,881 | €9,731 | -€6,150 | -38.7% |
| Other tangible fixed assets | 26 | €773 | €24,184 | +€23,411 | +3,027% |
| Current assets | 29/58 | €280,563 | €308,096 | +€27,534 | +9.8% |
| Stocks and contracts in progress | 3 | €14,595 | €16,138 | +€1,544 | +10.6% |
| Stocks | 30/36 | €14,595 | €16,138 | +€1,544 | +10.6% |
| Amounts receivable within one year | 40/41 | €16,418 | €33,256 | +€16,838 | +103% |
| Trade receivables | 40 | €13,213 | €32,173 | +€18,960 | +143% |
| Other amounts receivable | 41 | €3,205 | €1,083 | -€2,121 | -66.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €235,181 | €240,109 | +€4,928 | +2.1% |
| Deferred charges and accrued income | 490/1 | €14,369 | €18,593 | +€4,224 | +29.4% |
| Total equity and liabilities | 10/49 | €328,914 | €377,803 | +€48,889 | +14.9% |
| Equity | 10/15 | €266,672 | €228,349 | -€38,322 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,088 | €200,765 | -€38,322 | -16.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €239,088 | €200,765 | -€38,322 | -16.0% |
| Profit (loss) carried forward | 14 | €8,984 | €8,984 | = | 0.0% |
| Amounts payable | 17/49 | €62,243 | €149,453 | +€87,211 | +140% |
| Amounts payable after more than one year | 17 | €9,967 | €18,392 | +€8,425 | +84.5% |
| Financial debts | 170/4 | €9,967 | €18,392 | +€8,425 | +84.5% |
| Amounts payable within one year | 42/48 | €50,881 | €116,556 | +€65,675 | +129% |
| Current portion of amounts payable after more than one year | 42 | €6,351 | €18,150 | +€11,799 | +186% |
| Trade debts | 44 | €10,573 | €6,627 | -€3,946 | -37.3% |
| Suppliers | 440/4 | €10,573 | €6,627 | -€3,946 | -37.3% |
| Taxes, remuneration and social security | 45 | €28,378 | €34,008 | +€5,630 | +19.8% |
| Taxes | 450/3 | €17,187 | €25,545 | +€8,358 | +48.6% |
| Remuneration and social security | 454/9 | €11,191 | €8,463 | -€2,729 | -24.4% |
| Other amounts payable | 47/48 | €5,579 | €57,771 | +€52,192 | +936% |
| Accrued charges and deferred income | 492/3 | €1,394 | €14,506 | +€13,111 | +940% |
| Remuneration, social security and pensions | 62 | €347,860 | €347,324 | -€535 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,456 | €29,792 | +€5,337 | +21.8% |
| Other operating charges | 640/8 | €6,859 | €9,803 | +€2,944 | +42.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €476,851 | €543,028 | +€66,177 | +13.9% |
| Operating profit (loss) | 9901 | €97,676 | €156,108 | +€58,431 | +59.8% |
| Financial income | 75/76B | €15,518 | €587 | -€14,931 | -96.2% |
| Recurring financial income | 75 | €2,845 | €587 | -€2,258 | -79.4% |
| Non-recurring financial income | 76B | €12,673 | €0 | -€12,673 | -100% |
| Financial charges | 65/66B | €8,754 | €7,944 | -€810 | -9.3% |
| Recurring financial charges | 65 | €8,754 | €7,944 | -€810 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €104,440 | €148,750 | +€44,310 | +42.4% |
| Income taxes | 67/77 | €30,399 | €40,074 | +€9,675 | +31.8% |
| Profit (loss) for the period | 9904 | €74,042 | €108,677 | +€34,635 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,042 | €108,677 | +€34,635 | +46.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.