COR'DENTAL: 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.
COR'DENTAL
Largest movements
- Receivables after one year -€35,561
down €35,561 (-100%), from €35,561 to €0
- Receivables within one year +€27,594
up €27,594 (+25.1%), from €110,151 to €137,745
- Cash +€10,300
up €10,300 (+164%), from €6,288 to €16,588
mainly Net result for the year (+€40,547) and Receivables after one year (+€35,561)
- Deferred charges and accrued income +€7,452
up €7,452 (+70.0%), from €10,650 to €18,102
- Other debts -€40,804
down €40,804 (-100%), from €40,804 to €0
- Reserves +€40,547
up €40,547 (+33.2%), from €122,197 to €162,744
- Tax, wage and social debts +€10,502
up €10,502 (+215%), from €4,880 to €15,383
of which Taxes: +€10,502
- Gross operating margin +€22,908
up €22,908 (+70.7%), from €32,406 to €55,314
- Taxes +€5,776
up €5,776 (+51.4%), from €11,247 to €17,023
- Depreciation +€1,829
up €1,829 (+132%), from €1,386 to €3,215
- Financial income +€1,132
up €1,132 (+20.9%), from €5,417 to €6,549
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 | €168,772 | €178,318 | +€9,546 | +5.7% |
| Fixed assets | 21/28 | €6,121 | €5,883 | -€238 | -3.9% |
| Tangible fixed assets | 22/27 | €6,091 | €5,853 | -€238 | -3.9% |
| Plant, machinery and equipment | 23 | €179 | €0 | -€179 | -100% |
| Furniture and vehicles | 24 | €5,913 | €5,853 | -€60 | -1.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €162,650 | €172,435 | +€9,785 | +6.0% |
| Amounts receivable after more than one year | 29 | €35,561 | €0 | -€35,561 | -100% |
| Other amounts receivable | 291 | €35,561 | €0 | -€35,561 | -100% |
| Amounts receivable within one year | 40/41 | €110,151 | €137,745 | +€27,594 | +25.1% |
| Other amounts receivable | 41 | €110,151 | €137,745 | +€27,594 | +25.1% |
| Cash at bank and in hand | 54/58 | €6,288 | €16,588 | +€10,300 | +164% |
| Deferred charges and accrued income | 490/1 | €10,650 | €18,102 | +€7,452 | +70.0% |
| Total equity and liabilities | 10/49 | €168,772 | €178,318 | +€9,546 | +5.7% |
| Equity | 10/15 | €122,198 | €162,745 | +€40,547 | +33.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €122,197 | €162,744 | +€40,547 | +33.2% |
| Distributable reserves | 133 | €122,197 | €162,744 | +€40,547 | +33.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,573 | €15,573 | -€31,000 | -66.6% |
| Amounts payable within one year | 42/48 | €46,513 | €15,573 | -€30,940 | -66.5% |
| Trade debts | 44 | €829 | €191 | -€638 | -77.0% |
| Suppliers | 440/4 | €829 | €191 | -€638 | -77.0% |
| Taxes, remuneration and social security | 45 | €4,880 | €15,383 | +€10,502 | +215% |
| Taxes | 450/3 | €2,439 | €12,942 | +€10,502 | +431% |
| Remuneration and social security | 454/9 | €2,441 | €2,441 | = | 0.0% |
| Other amounts payable | 47/48 | €40,804 | €0 | -€40,804 | -100% |
| Accrued charges and deferred income | 492/3 | €60 | €0 | -€60 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €3,215 | +€1,829 | +132% |
| Other operating charges | 640/8 | €447 | €639 | +€192 | +42.9% |
| Gross operating margin | 9900 | €32,406 | €55,314 | +€22,908 | +70.7% |
| Operating profit (loss) | 9901 | €30,573 | €51,459 | +€20,887 | +68.3% |
| Financial income | 75/76B | €5,417 | €6,549 | +€1,132 | +20.9% |
| Recurring financial income | 75 | €5,417 | €6,549 | +€1,132 | +20.9% |
| Financial charges | 65/66B | €351 | €439 | +€88 | +25.2% |
| Recurring financial charges | 65 | €351 | €439 | +€88 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €35,639 | €57,570 | +€21,930 | +61.5% |
| Income taxes | 67/77 | €11,247 | €17,023 | +€5,776 | +51.4% |
| Profit (loss) for the period | 9904 | €24,393 | €40,547 | +€16,154 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,393 | €40,547 | +€16,154 | +66.2% |
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 18 October 2026 via checked.be.