BOUWONDERNEMING CORDIER: 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.
BOUWONDERNEMING CORDIER
Largest movements
- Cash -€13,173
down €13,173 (-39.0%), from €33,800 to €20,627
mainly Net result for the year (-€21,101) and Debts after one year (-€12,392)
- Tangible fixed assets -€12,740
down €12,740 (-26.0%), from €48,942 to €36,202
of which Furniture and vehicles: -€12,264
- Receivables within one year -€7,483
down €7,483 (-11.6%), from €64,476 to €56,993
of which Other amounts receivable: -€6,218
- Profit (loss) carried forward -€21,101
down €21,101 (-77.8%), from €27,123 to €6,023
- Debts after one year -€12,392
down €12,392 (-54.6%), from €22,687 to €10,294
- Gross operating margin -€24,788
down €24,788, from €19,099 to -€5,690
- Staff costs -€13,028
down €13,028 (-96.8%), from €13,455 to €427
- Financial charges -€583
down €583 (-29.1%), from €2,001 to €1,418
- Financial income +€237
up €237 (+155%), from €153 to €390
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 | €168,537 | €134,746 | -€33,791 | -20.0% |
| Fixed assets | 21/28 | €49,076 | €36,335 | -€12,740 | -26.0% |
| Tangible fixed assets | 22/27 | €48,942 | €36,202 | -€12,740 | -26.0% |
| Plant, machinery and equipment | 23 | €42 | - | -€42 | |
| Furniture and vehicles | 24 | €45,460 | €33,197 | -€12,264 | -27.0% |
| Other tangible fixed assets | 26 | €3,440 | €3,005 | -€434 | -12.6% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €119,461 | €98,411 | -€21,051 | -17.6% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,476 | €56,993 | -€7,483 | -11.6% |
| Trade receivables | 40 | €19,458 | €18,193 | -€1,265 | -6.5% |
| Other amounts receivable | 41 | €45,018 | €38,800 | -€6,218 | -13.8% |
| Cash at bank and in hand | 54/58 | €33,800 | €20,627 | -€13,173 | -39.0% |
| Deferred charges and accrued income | 490/1 | €17,686 | €17,291 | -€395 | -2.2% |
| Total equity and liabilities | 10/49 | €168,537 | €134,746 | -€33,791 | -20.0% |
| Equity | 10/15 | €127,235 | €106,134 | -€21,101 | -16.6% |
| Contributions | 10/11 | €74,544 | €74,544 | = | 0.0% |
| Reserves | 13 | €25,568 | €25,568 | = | 0.0% |
| Distributable reserves | 133 | €25,568 | €25,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,123 | €6,023 | -€21,101 | -77.8% |
| Amounts payable | 17/49 | €41,302 | €28,612 | -€12,690 | -30.7% |
| Amounts payable after more than one year | 17 | €22,687 | €10,294 | -€12,392 | -54.6% |
| Financial debts | 170/4 | €22,687 | €10,294 | -€12,392 | -54.6% |
| Amounts payable within one year | 42/48 | €17,615 | €17,317 | -€298 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €11,863 | €12,392 | +€529 | +4.5% |
| Trade debts | 44 | €3,127 | €2,300 | -€827 | -26.4% |
| Suppliers | 440/4 | €3,127 | €2,300 | -€827 | -26.4% |
| Taxes, remuneration and social security | 45 | €2,625 | €2,625 | = | 0.0% |
| Taxes | 450/3 | €2,625 | €2,625 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €13,455 | €427 | -€13,028 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,867 | €12,740 | -€127 | -1.0% |
| Other operating charges | 640/8 | €1,220 | €1,040 | -€179 | -14.7% |
| Gross operating margin | 9900 | €19,099 | -€5,690 | -€24,788 | |
| Operating profit (loss) | 9901 | -€8,444 | -€19,897 | -€11,453 | -136% |
| Financial income | 75/76B | €153 | €390 | +€237 | +155% |
| Recurring financial income | 75 | €153 | €390 | +€237 | +155% |
| Financial charges | 65/66B | €2,001 | €1,418 | -€583 | -29.1% |
| Recurring financial charges | 65 | €2,001 | €1,418 | -€583 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,292 | -€20,925 | -€10,633 | -103% |
| Income taxes | 67/77 | €113 | €176 | +€63 | +55.6% |
| Profit (loss) for the period | 9904 | -€10,404 | -€21,101 | -€10,696 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,404 | -€21,101 | -€10,696 | -103% |
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 22 October 2026 via checked.be.