CORDE MEO: 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.
CORDE MEO
Largest movements
- Cash +€4,956
up €4,956 (+34.1%), from €14,527 to €19,483
mainly Net result for the year (+€5,101) and Depreciation (+€2,188)
- Receivables within one year -€652
down €652 (-89.1%), from €732 to €80
of which Other amounts receivable: -€454
- Profit (loss) carried forward +€5,101
up €5,101 (+12.5%), from -€40,866 to -€35,765
- Other debts +€1,967
up €1,967 (+75.9%), from €2,591 to €4,558
- Tax, wage and social debts -€1,757
down €1,757 (-68.4%), from €2,570 to €813
of which Remuneration and social security: -€1,957
- Trade debts -€976
down €976 (-66.2%), from €1,475 to €498
- Gross operating margin +€7,424
up €7,424 (+303%), from €2,450 to €9,875
- Other operating charges -€844
down €844 (-26.2%), from €3,221 to €2,377
- Depreciation +€127
up €127 (+6.1%), from €2,062 to €2,188
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 | €22,957 | €27,292 | +€4,335 | +18.9% |
| Fixed assets | 21/28 | €6,208 | €6,022 | -€186 | -3.0% |
| Tangible fixed assets | 22/27 | €6,208 | €6,022 | -€186 | -3.0% |
| Land and buildings | 22 | €2,034 | €3,150 | +€1,116 | +54.9% |
| Plant, machinery and equipment | 23 | €3,179 | €2,293 | -€886 | -27.9% |
| Furniture and vehicles | 24 | €996 | €579 | -€416 | -41.8% |
| Current assets | 29/58 | €16,749 | €21,270 | +€4,521 | +27.0% |
| Amounts receivable after more than one year | 29 | €1,400 | €1,400 | = | 0.0% |
| Other amounts receivable | 291 | €1,400 | €1,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €732 | €80 | -€652 | -89.1% |
| Trade receivables | 40 | €198 | - | -€198 | |
| Other amounts receivable | 41 | €534 | €80 | -€454 | -85.0% |
| Cash at bank and in hand | 54/58 | €14,527 | €19,483 | +€4,956 | +34.1% |
| Deferred charges and accrued income | 490/1 | €90 | €307 | +€217 | +242% |
| Total equity and liabilities | 10/49 | €22,957 | €27,292 | +€4,335 | +18.9% |
| Equity | 10/15 | €15,841 | €20,943 | +€5,101 | +32.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €26,708 | €26,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €23,708 | €23,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,866 | -€35,765 | +€5,101 | +12.5% |
| Amounts payable | 17/49 | €7,116 | €6,350 | -€766 | -10.8% |
| Amounts payable within one year | 42/48 | €6,636 | €5,870 | -€766 | -11.5% |
| Trade debts | 44 | €1,475 | €498 | -€976 | -66.2% |
| Suppliers | 440/4 | €1,475 | €498 | -€976 | -66.2% |
| Taxes, remuneration and social security | 45 | €2,570 | €813 | -€1,757 | -68.4% |
| Taxes | 450/3 | €614 | €813 | +€200 | +32.5% |
| Remuneration and social security | 454/9 | €1,957 | - | -€1,957 | |
| Other amounts payable | 47/48 | €2,591 | €4,558 | +€1,967 | +75.9% |
| Accrued charges and deferred income | 492/3 | €480 | €480 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €146 | €149 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,062 | €2,188 | +€127 | +6.1% |
| Other operating charges | 640/8 | €3,221 | €2,377 | -€844 | -26.2% |
| Gross operating margin | 9900 | €2,450 | €9,875 | +€7,424 | +303% |
| Operating profit (loss) | 9901 | -€2,978 | €5,161 | +€8,139 | |
| Financial income | 75/76B | €44 | €32 | -€12 | -27.1% |
| Recurring financial income | 75 | €44 | €32 | -€12 | -27.1% |
| Financial charges | 65/66B | €99 | €92 | -€7 | -6.9% |
| Recurring financial charges | 65 | €99 | €92 | -€7 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,033 | €5,101 | +€8,134 | |
| Profit (loss) for the period | 9904 | -€3,033 | €5,101 | +€8,134 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,033 | €5,101 | +€8,134 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.