TN 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.
TN CONDROZ
Largest movements
- Stocks and contracts +€139,903
up €139,903 (+1,805%), from €7,750 to €147,653
- Receivables within one year -€31,604
down €31,604 (-87.8%), from €35,994 to €4,390
of which Other amounts receivable: -€25,443
- Cash -€26,271
down €26,271 (-92.1%), from €28,531 to €2,260
mainly Stocks and contracts (-€139,903) and Net result for the year (-€34,084)
- Tangible fixed assets -€6,819
down €6,819 (-46.0%), from €14,818 to €7,998
of which Other tangible fixed assets: -€11,407
- Deferred charges and accrued income -€4,435
down €4,435 (-91.2%), from €4,864 to €428
- Other debts +€109,595
up €109,595 (+1,917%), from €5,718 to €115,314
- Profit (loss) carried forward -€34,084
down €34,084 (-64.2%), from €53,120 to €19,036
- Trade debts -€3,897
down €3,897 (-94.4%), from €4,130 to €233
- Tax, wage and social debts -€1,733
down €1,733 (-60.2%), from €2,877 to €1,144
- Gross operating margin -€66,834
down €66,834, from €46,157 to -€20,677
- Staff costs -€16,000
no longer reported in 2025 (was €16,000)
- Financial income -€1,517
down €1,517 (-99.2%), from €1,529 to €12
- Financial charges -€1,438
down €1,438 (-93.6%), from €1,537 to €99
- Other operating charges -€857
down €857 (-35.7%), from €2,400 to €1,543
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 | €92,849 | €162,730 | +€69,881 | +75.3% |
| Fixed assets | 21/28 | €15,710 | €7,998 | -€7,712 | -49.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,818 | €7,998 | -€6,819 | -46.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €185 | €4,772 | +€4,588 | +2,483% |
| Other tangible fixed assets | 26 | €14,633 | €3,226 | -€11,407 | -78.0% |
| Financial fixed assets | 28 | €893 | €0 | -€893 | -100% |
| Current assets | 29/58 | €77,139 | €154,732 | +€77,593 | +101% |
| Stocks and contracts in progress | 3 | €7,750 | €147,653 | +€139,903 | +1,805% |
| Stocks | 30/36 | €7,750 | €147,653 | +€139,903 | +1,805% |
| Amounts receivable within one year | 40/41 | €35,994 | €4,390 | -€31,604 | -87.8% |
| Trade receivables | 40 | €7,666 | €1,504 | -€6,162 | -80.4% |
| Other amounts receivable | 41 | €28,329 | €2,886 | -€25,443 | -89.8% |
| Cash at bank and in hand | 54/58 | €28,531 | €2,260 | -€26,271 | -92.1% |
| Deferred charges and accrued income | 490/1 | €4,864 | €428 | -€4,435 | -91.2% |
| Total equity and liabilities | 10/49 | €92,849 | €162,730 | +€69,881 | +75.3% |
| Equity | 10/15 | €67,380 | €33,296 | -€34,084 | -50.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,120 | €19,036 | -€34,084 | -64.2% |
| Amounts payable | 17/49 | €25,469 | €129,434 | +€103,965 | +408% |
| Amounts payable after more than one year | 17 | €12,743 | €12,743 | = | 0.0% |
| Other amounts payable | 178/9 | €12,743 | €12,743 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,726 | €116,691 | +€103,965 | +817% |
| Trade debts | 44 | €4,130 | €233 | -€3,897 | -94.4% |
| Suppliers | 440/4 | €4,130 | €233 | -€3,897 | -94.4% |
| Taxes, remuneration and social security | 45 | €2,877 | €1,144 | -€1,733 | -60.2% |
| Taxes | 450/3 | €2,877 | €1,144 | -€1,733 | -60.2% |
| Other amounts payable | 47/48 | €5,718 | €115,314 | +€109,595 | +1,917% |
| Remuneration, social security and pensions | 62 | €16,000 | - | -€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,735 | €11,778 | +€43 | +0.4% |
| Other operating charges | 640/8 | €2,400 | €1,543 | -€857 | -35.7% |
| Gross operating margin | 9900 | €46,157 | -€20,677 | -€66,834 | |
| Operating profit (loss) | 9901 | €16,022 | -€33,998 | -€50,020 | |
| Financial income | 75/76B | €1,529 | €12 | -€1,517 | -99.2% |
| Recurring financial income | 75 | €1,529 | €12 | -€1,517 | -99.2% |
| Financial charges | 65/66B | €1,537 | €99 | -€1,438 | -93.6% |
| Recurring financial charges | 65 | €1,537 | €99 | -€1,438 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €16,014 | -€34,084 | -€50,098 | |
| Income taxes | 67/77 | €357 | - | -€357 | |
| Profit (loss) for the period | 9904 | €15,657 | -€34,084 | -€49,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,657 | -€34,084 | -€49,742 |
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 14 October 2026 via checked.be.