CHORDS IT CONSULTING: 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.
CHORDS IT CONSULTING
Largest movements
- Cash +€88,867
up €88,867 (+156%), from €56,975 to €145,842
mainly Net result for the year (+€123,567) and Depreciation (+€19,134)
- Current investments +€41,125
up €41,125 (+14.8%), from €277,900 to €319,025
- Tangible fixed assets -€18,867
down €18,867 (-5.5%), from €342,572 to €323,705
of which Land and buildings: -€12,057
- Reserves +€93,800
up €93,800 (+30.3%), from €309,460 to €403,260
- Tax, wage and social debts +€10,856
up €10,856 (+65.1%), from €16,670 to €27,526
- Profit (loss) carried forward +€10,434
up €10,434 (+5.7%), from €184,479 to €194,913
- Debts after one year -€8,099
down €8,099 (-5.9%), from €136,541 to €128,442
- Gross operating margin +€24,249
up €24,249 (+14.5%), from €167,128 to €191,377
- Depreciation -€18,566
down €18,566 (-49.2%), from €37,700 to €19,134
- Taxes +€16,498
up €16,498 (+48.1%), from €34,320 to €50,818
- Financial income +€10,012
up €10,012 (+8,782%), from €114 to €10,126
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,892 | €790,136 | +€112,244 | +16.6% |
| Fixed assets | 21/28 | €342,572 | €323,705 | -€18,867 | -5.5% |
| Tangible fixed assets | 22/27 | €342,572 | €323,705 | -€18,867 | -5.5% |
| Land and buildings | 22 | €311,926 | €299,869 | -€12,057 | -3.9% |
| Plant, machinery and equipment | 23 | €24,672 | €19,586 | -€5,086 | -20.6% |
| Furniture and vehicles | 24 | €5,974 | €4,250 | -€1,724 | -28.9% |
| Current assets | 29/58 | €335,320 | €466,431 | +€131,111 | +39.1% |
| Amounts receivable within one year | 40/41 | €445 | €1,024 | +€579 | +130% |
| Trade receivables | 40 | €187 | - | -€187 | |
| Other amounts receivable | 41 | €258 | €1,024 | +€766 | +297% |
| Current investments | 50/53 | €277,900 | €319,025 | +€41,125 | +14.8% |
| Cash at bank and in hand | 54/58 | €56,975 | €145,842 | +€88,867 | +156% |
| Deferred charges and accrued income | 490/1 | - | €540 | +€540 | |
| Total equity and liabilities | 10/49 | €677,892 | €790,136 | +€112,244 | +16.6% |
| Equity | 10/15 | €512,539 | €616,773 | +€104,234 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,460 | €403,260 | +€93,800 | +30.3% |
| Distributable reserves | 133 | €309,460 | €403,260 | +€93,800 | +30.3% |
| Profit (loss) carried forward | 14 | €184,479 | €194,913 | +€10,434 | +5.7% |
| Amounts payable | 17/49 | €165,353 | €173,363 | +€8,010 | +4.8% |
| Amounts payable after more than one year | 17 | €136,541 | €128,442 | -€8,099 | -5.9% |
| Financial debts | 170/4 | €136,541 | €128,442 | -€8,099 | -5.9% |
| Amounts payable within one year | 42/48 | €28,812 | €44,921 | +€16,109 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €9,909 | €16,524 | +€6,615 | +66.8% |
| Trade debts | 44 | €717 | €758 | +€41 | +5.7% |
| Suppliers | 440/4 | €717 | €758 | +€41 | +5.7% |
| Taxes, remuneration and social security | 45 | €16,670 | €27,526 | +€10,856 | +65.1% |
| Taxes | 450/3 | €16,670 | €27,526 | +€10,856 | +65.1% |
| Other amounts payable | 47/48 | €1,516 | €113 | -€1,403 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,700 | €19,134 | -€18,566 | -49.2% |
| Other operating charges | 640/8 | €2,068 | €2,149 | +€81 | +3.9% |
| Gross operating margin | 9900 | €167,128 | €191,377 | +€24,249 | +14.5% |
| Operating profit (loss) | 9901 | €127,360 | €170,094 | +€42,734 | +33.6% |
| Financial income | 75/76B | €114 | €10,126 | +€10,012 | +8,782% |
| Recurring financial income | 75 | €114 | €10,126 | +€10,012 | +8,782% |
| Financial charges | 65/66B | €5,889 | €5,835 | -€54 | -0.9% |
| Recurring financial charges | 65 | €5,889 | €5,835 | -€54 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €121,585 | €174,385 | +€52,800 | +43.4% |
| Income taxes | 67/77 | €34,320 | €50,818 | +€16,498 | +48.1% |
| Profit (loss) for the period | 9904 | €87,265 | €123,567 | +€36,302 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,265 | €123,567 | +€36,302 | +41.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.