CORDIBO: 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.
CORDIBO
Largest movements
- Cash +€61,472
up €61,472 (+113%), from €54,310 to €115,783
mainly Net result for the year (+€44,255) and Receivables within one year (+€17,528)
- Receivables within one year -€17,528
down €17,528 (-41.2%), from €42,520 to €24,992
of which Trade receivables: -€22,671
- Tangible fixed assets -€17,476
down €17,476 (-41.6%), from €42,056 to €24,581
of which Furniture and vehicles: -€12,658
- Deferred charges and accrued income -€2,245
down €2,245 (-52.5%), from €4,274 to €2,029
- Reserves +€44,000
up €44,000 (+65.3%), from €67,360 to €111,360
- Tax, wage and social debts -€10,630
down €10,630 (-53.1%), from €20,032 to €9,402
- Current portion of long-term debt -€10,322
down €10,322 (-100%), from €10,322 to €0
- Trade debts +€3,033
up €3,033 (+108%), from €2,805 to €5,838
- Other debts -€1,940
down €1,940 (-5.0%), from €38,619 to €36,679
- Gross operating margin +€11,946
up €11,946 (+16.6%), from €71,841 to €83,786
- Taxes +€2,643
up €2,643 (+17.4%), from €15,214 to €17,857
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 | €143,161 | €167,385 | +€24,224 | +16.9% |
| Fixed assets | 21/28 | €42,056 | €24,581 | -€17,476 | -41.6% |
| Tangible fixed assets | 22/27 | €42,056 | €24,581 | -€17,476 | -41.6% |
| Plant, machinery and equipment | 23 | €1,383 | €954 | -€429 | -31.0% |
| Furniture and vehicles | 24 | €24,956 | €12,298 | -€12,658 | -50.7% |
| Other tangible fixed assets | 26 | €15,718 | €11,329 | -€4,389 | -27.9% |
| Current assets | 29/58 | €101,105 | €142,804 | +€41,699 | +41.2% |
| Amounts receivable within one year | 40/41 | €42,520 | €24,992 | -€17,528 | -41.2% |
| Trade receivables | 40 | €36,735 | €14,064 | -€22,671 | -61.7% |
| Other amounts receivable | 41 | €5,786 | €10,929 | +€5,143 | +88.9% |
| Cash at bank and in hand | 54/58 | €54,310 | €115,783 | +€61,472 | +113% |
| Deferred charges and accrued income | 490/1 | €4,274 | €2,029 | -€2,245 | -52.5% |
| Total equity and liabilities | 10/49 | €143,161 | €167,385 | +€24,224 | +16.9% |
| Equity | 10/15 | €68,720 | €112,974 | +€44,255 | +64.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,360 | €111,360 | +€44,000 | +65.3% |
| Distributable reserves | 133 | €67,360 | €111,360 | +€44,000 | +65.3% |
| Profit (loss) carried forward | 14 | €360 | €614 | +€255 | +70.8% |
| Amounts payable | 17/49 | €74,441 | €54,410 | -€20,031 | -26.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,779 | €51,919 | -€19,859 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €10,322 | €0 | -€10,322 | -100% |
| Trade debts | 44 | €2,805 | €5,838 | +€3,033 | +108% |
| Suppliers | 440/4 | €2,805 | €5,838 | +€3,033 | +108% |
| Taxes, remuneration and social security | 45 | €20,032 | €9,402 | -€10,630 | -53.1% |
| Taxes | 450/3 | €20,032 | €9,402 | -€10,630 | -53.1% |
| Other amounts payable | 47/48 | €38,619 | €36,679 | -€1,940 | -5.0% |
| Accrued charges and deferred income | 492/3 | €2,662 | €2,491 | -€172 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,852 | €17,476 | +€624 | +3.7% |
| Other operating charges | 640/8 | €1,392 | €1,449 | +€56 | +4.1% |
| Gross operating margin | 9900 | €71,841 | €83,786 | +€11,946 | +16.6% |
| Operating profit (loss) | 9901 | €53,597 | €64,862 | +€11,265 | +21.0% |
| Financial income | 75/76B | €222 | €0 | -€222 | -100.0% |
| Recurring financial income | 75 | €222 | €0 | -€222 | -100.0% |
| Financial charges | 65/66B | €3,080 | €2,750 | -€331 | -10.7% |
| Recurring financial charges | 65 | €3,080 | €2,750 | -€331 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €50,738 | €62,112 | +€11,374 | +22.4% |
| Income taxes | 67/77 | €15,214 | €17,857 | +€2,643 | +17.4% |
| Profit (loss) for the period | 9904 | €35,524 | €44,255 | +€8,731 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,524 | €44,255 | +€8,731 | +24.6% |
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 21 October 2026 via checked.be.