LE CONDRUZE: 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.
LE CONDRUZE
Largest movements
- Cash +€47,389
up €47,389 (+16.6%), from €285,466 to €332,854
mainly Depreciation (+€43,832) and Receivables within one year (+€42,301)
- Receivables within one year -€42,301
down €42,301 (-55.7%), from €75,897 to €33,597
of which Trade receivables: -€43,390
- Tangible fixed assets -€40,915
down €40,915 (-14.2%), from €287,402 to €246,487
of which Land and buildings: -€41,500
- Trade debts -€30,738
down €30,738 (-51.5%), from €59,668 to €28,930
- Debts after one year -€21,050
down €21,050 (-8.8%), from €238,230 to €217,179
- Profit (loss) carried forward +€13,577
up €13,577 (+5.3%), from €256,465 to €270,042
- Other debts +€8,688
up €8,688 (+19.3%), from €45,070 to €53,758
- Staff costs +€34,493
up €34,493 (+23.3%), from €147,802 to €182,295
- Financial charges -€20,094
down €20,094 (-24.4%), from €82,449 to €62,356
- Gross operating margin -€16,628
down €16,628 (-5.1%), from €328,312 to €311,683
- Taxes -€6,760
down €6,760 (-59.8%), from €11,300 to €4,540
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,644 | €636,736 | -€31,908 | -4.8% |
| Fixed assets | 21/28 | €295,583 | €254,668 | -€40,915 | -13.8% |
| Tangible fixed assets | 22/27 | €287,402 | €246,487 | -€40,915 | -14.2% |
| Land and buildings | 22 | €286,980 | €245,480 | -€41,500 | -14.5% |
| Furniture and vehicles | 24 | €422 | €1,006 | +€585 | +139% |
| Financial fixed assets | 28 | €8,181 | €8,181 | = | 0.0% |
| Current assets | 29/58 | €373,061 | €382,068 | +€9,007 | +2.4% |
| Stocks and contracts in progress | 3 | €9,729 | €13,843 | +€4,113 | +42.3% |
| Stocks | 30/36 | €9,729 | €13,843 | +€4,113 | +42.3% |
| Amounts receivable within one year | 40/41 | €75,897 | €33,597 | -€42,301 | -55.7% |
| Trade receivables | 40 | €71,527 | €28,137 | -€43,390 | -60.7% |
| Other amounts receivable | 41 | €4,370 | €5,460 | +€1,090 | +24.9% |
| Cash at bank and in hand | 54/58 | €285,466 | €332,854 | +€47,389 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,775 | -€194 | -9.9% |
| Total equity and liabilities | 10/49 | €668,644 | €636,736 | -€31,908 | -4.8% |
| Equity | 10/15 | €264,525 | €278,102 | +€13,577 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,465 | €270,042 | +€13,577 | +5.3% |
| Amounts payable | 17/49 | €404,119 | €358,634 | -€45,485 | -11.3% |
| Amounts payable after more than one year | 17 | €238,230 | €217,179 | -€21,050 | -8.8% |
| Financial debts | 170/4 | €238,230 | €217,179 | -€21,050 | -8.8% |
| Amounts payable within one year | 42/48 | €164,629 | €140,398 | -€24,232 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €24,999 | €25,404 | +€404 | +1.6% |
| Trade debts | 44 | €59,668 | €28,930 | -€30,738 | -51.5% |
| Suppliers | 440/4 | €59,668 | €28,930 | -€30,738 | -51.5% |
| Taxes, remuneration and social security | 45 | €34,892 | €32,307 | -€2,585 | -7.4% |
| Taxes | 450/3 | €21,007 | €20,401 | -€606 | -2.9% |
| Remuneration and social security | 454/9 | €13,885 | €11,905 | -€1,979 | -14.3% |
| Other amounts payable | 47/48 | €45,070 | €53,758 | +€8,688 | +19.3% |
| Accrued charges and deferred income | 492/3 | €1,260 | €1,057 | -€203 | -16.1% |
| Remuneration, social security and pensions | 62 | €147,802 | €182,295 | +€34,493 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,341 | €43,832 | -€509 | -1.1% |
| Other operating charges | 640/8 | €4,886 | €6,677 | +€1,792 | +36.7% |
| Gross operating margin | 9900 | €328,312 | €311,683 | -€16,628 | -5.1% |
| Operating profit (loss) | 9901 | €131,283 | €78,879 | -€52,404 | -39.9% |
| Financial income | 75/76B | €3,002 | €1,593 | -€1,409 | -46.9% |
| Recurring financial income | 75 | €3,002 | €1,593 | -€1,409 | -46.9% |
| Financial charges | 65/66B | €82,449 | €62,356 | -€20,094 | -24.4% |
| Recurring financial charges | 65 | €82,449 | €62,356 | -€20,094 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €51,836 | €18,117 | -€33,720 | -65.1% |
| Income taxes | 67/77 | €11,300 | €4,540 | -€6,760 | -59.8% |
| Profit (loss) for the period | 9904 | €40,537 | €13,577 | -€26,960 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,537 | €13,577 | -€26,960 | -66.5% |
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 23 October 2026 via checked.be.