CORDEC SERVICES: what changed
Two fiscal 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.
CORDEC SERVICES
Largest movements
- Cash -€20,711
down €20,711 (-87.3%), from €23,734 to €3,024
mainly Receivables within one year (-€13,149) and Trade debts (-€5,670)
- Receivables within one year +€13,149
up €13,149 (+17.4%), from €75,489 to €88,639
of which Other amounts receivable: +€12,400
- Trade debts -€5,670
down €5,670 (-81.7%), from €6,937 to €1,266
- Profit (loss) carried forward -€2,079
down €2,079 (-9.7%), from €21,456 to €19,377
- Turnover -€54,859
no longer reported in 2024 (was €54,859)
- Purchases and services -€52,407
no longer reported in 2024 (was €52,407)
- Gross operating margin -€11,331
down €11,331, from €8,987 to -€2,344
- Financial income +€5,000
up €5,000 (+2777677.8%), from €0 to €5,000
- Financial charges +€944
up €944 (+428.7%), from €220 to €1,165
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,345 | €93,114 | -€8,231 | -8.1% |
| Fixed assets | 21/28 | €2,122 | €1,452 | -€670 | -31.6% |
| Tangible fixed assets | 22/27 | €2,122 | €1,452 | -€670 | -31.6% |
| Furniture and vehicles | 24 | €2,122 | €1,452 | -€670 | -31.6% |
| Current assets | 29/58 | €99,224 | €91,662 | -€7,561 | -7.6% |
| Amounts receivable within one year | 40/41 | €75,489 | €88,639 | +€13,149 | +17.4% |
| Trade receivables | 40 | €3,600 | €4,349 | +€749 | +20.8% |
| Other amounts receivable | 41 | €71,889 | €84,290 | +€12,400 | +17.2% |
| Cash at bank and in hand | 54/58 | €23,734 | €3,024 | -€20,711 | -87.3% |
| Total equity and liabilities | 10/49 | €101,345 | €93,114 | -€8,231 | -8.1% |
| Equity | 10/15 | €77,471 | €75,392 | -€2,079 | -2.7% |
| Contributions | 10/11 | €31,010 | €31,010 | = | 0.0% |
| Reserves | 13 | €25,005 | €25,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,255 | €6,255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,255 | €6,255 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,456 | €19,377 | -€2,079 | -9.7% |
| Provisions and deferred taxes | 16 | €14,000 | €14,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €14,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable | 17/49 | €9,875 | €3,722 | -€6,153 | -62.3% |
| Amounts payable within one year | 42/48 | €9,875 | €3,722 | -€6,153 | -62.3% |
| Trade debts | 44 | €6,937 | €1,266 | -€5,670 | -81.7% |
| Suppliers | 440/4 | €6,937 | €1,266 | -€5,670 | -81.7% |
| Taxes, remuneration and social security | 45 | €2,938 | €2,455 | -€483 | -16.4% |
| Taxes | 450/3 | €2,429 | €2,455 | +€26 | +1.1% |
| Remuneration and social security | 454/9 | €508 | - | -€508 | |
| Turnover | 70 | €54,859 | - | -€54,859 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,407 | - | -€52,407 | |
| Remuneration, social security and pensions | 62 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €670 | = | 0.0% |
| Other operating charges | 640/8 | €1,087 | €294 | -€793 | -73.0% |
| Gross operating margin | 9900 | €8,987 | -€2,344 | -€11,331 | |
| Operating profit (loss) | 9901 | €7,159 | -€3,308 | -€10,467 | |
| Financial income | 75/76B | €0 | €5,000 | +€5,000 | +2777677.8% |
| Recurring financial income | 75 | €0 | €5,000 | +€5,000 | +2777677.8% |
| Financial charges | 65/66B | €220 | €1,165 | +€944 | +428.7% |
| Recurring financial charges | 65 | €220 | €1,165 | +€944 | +428.7% |
| Profit (loss) for the period before taxes | 9903 | €6,939 | €527 | -€6,412 | -92.4% |
| Income taxes | 67/77 | €2,054 | €2,606 | +€551 | +26.8% |
| Profit (loss) for the period | 9904 | €4,885 | -€2,079 | -€6,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,885 | -€2,079 | -€6,963 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.