CONDOR: what changed
CONDOR
Largest movements
- Cash -€4,417
down €4,417 (-30.1%), from €14,678 to €10,261
mainly Other debts (-€5,929) and Net result for the year (-€2,726)
- Tangible fixed assets -€4,238
down €4,238 (-10.6%), from €40,158 to €35,920
- Other debts -€5,929
down €5,929 (-7.1%), from €83,591 to €77,662
- Profit (loss) carried forward -€2,726
down €2,726 (-3.9%), from -€69,998 to -€72,724
- Other operating charges +€433
up €433 (+41.3%), from €1,047 to €1,480
- Depreciation -€142
down €142 (-3.2%), from €4,380 to €4,238
- Gross operating margin +€49
up €49 (+1.6%), from €2,990 to €3,038
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 | €55,708 | €47,052 | -€8,655 | -15.5% |
| Fixed assets | 21/28 | €40,174 | €35,936 | -€4,238 | -10.5% |
| Tangible fixed assets | 22/27 | €40,158 | €35,920 | -€4,238 | -10.6% |
| Land and buildings | 22 | €40,158 | €35,920 | -€4,238 | -10.6% |
| Financial fixed assets | 28 | €16 | €16 | = | 0.0% |
| Current assets | 29/58 | €15,534 | €11,116 | -€4,417 | -28.4% |
| Stocks and contracts in progress | 3 | €855 | €855 | = | 0.0% |
| Stocks | 30/36 | €855 | €855 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,678 | €10,261 | -€4,417 | -30.1% |
| Total equity and liabilities | 10/49 | €55,708 | €47,052 | -€8,655 | -15.5% |
| Equity | 10/15 | -€28,761 | -€31,487 | -€2,726 | -9.5% |
| Contributions | 10/11 | €13,676 | €13,676 | = | 0.0% |
| Reserves | 13 | €27,562 | €27,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,702 | €25,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,998 | -€72,724 | -€2,726 | -3.9% |
| Amounts payable | 17/49 | €84,468 | €78,539 | -€5,929 | -7.0% |
| Amounts payable within one year | 42/48 | €84,468 | €78,539 | -€5,929 | -7.0% |
| Trade debts | 44 | €877 | €877 | = | 0.0% |
| Suppliers | 440/4 | €877 | €877 | = | 0.0% |
| Other amounts payable | 47/48 | €83,591 | €77,662 | -€5,929 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,380 | €4,238 | -€142 | -3.2% |
| Other operating charges | 640/8 | €1,047 | €1,480 | +€433 | +41.3% |
| Gross operating margin | 9900 | €2,990 | €3,038 | +€49 | +1.6% |
| Operating profit (loss) | 9901 | -€2,437 | -€2,680 | -€243 | -10.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,473 | -€2,726 | -€253 | -10.2% |
| Profit (loss) for the period | 9904 | -€2,473 | -€2,726 | -€253 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,473 | -€2,726 | -€253 | -10.2% |
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 2 November 2026 via checked.be.