CORDIER CONSTRUCT: 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.
CORDIER CONSTRUCT
Largest movements
- Receivables within one year +€32,848
up €32,848 (+24.1%), from €136,098 to €168,946
of which Trade receivables: +€26,849
- Cash +€26,495
up €26,495 (+22.9%), from €115,715 to €142,210
mainly Other debts (+€34,602) and Trade debts (+€33,772)
- Stocks and contracts -€23,857
down €23,857 (-87.1%), from €27,402 to €3,545
- Reserves -€34,602
down €34,602 (-24.1%), from €143,751 to €109,149
- Other debts +€34,602
new in 2025: €34,602
- Trade debts +€33,772
up €33,772 (+40.1%), from €84,255 to €118,027
- Tax, wage and social debts +€11,308
up €11,308 (+133%), from €8,490 to €19,798
- Profit (loss) carried forward -€7,195
new in 2025: -€7,195
- Gross operating margin -€30,683
down €30,683 (-28.1%), from €109,185 to €78,502
- Staff costs +€16,283
up €16,283 (+24.2%), from €67,399 to €83,683
- Taxes -€9,172
down €9,172 (-87.8%), from €10,445 to €1,274
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 | €281,308 | €319,194 | +€37,886 | +13.5% |
| Fixed assets | 21/28 | €1,770 | €1,770 | = | 0.0% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €279,538 | €317,424 | +€37,886 | +13.6% |
| Stocks and contracts in progress | 3 | €27,402 | €3,545 | -€23,857 | -87.1% |
| Contracts in progress | 37 | €27,402 | €3,545 | -€23,857 | -87.1% |
| Amounts receivable within one year | 40/41 | €136,098 | €168,946 | +€32,848 | +24.1% |
| Trade receivables | 40 | €117,013 | €143,862 | +€26,849 | +22.9% |
| Other amounts receivable | 41 | €19,086 | €25,084 | +€5,998 | +31.4% |
| Cash at bank and in hand | 54/58 | €115,715 | €142,210 | +€26,495 | +22.9% |
| Deferred charges and accrued income | 490/1 | €323 | €2,724 | +€2,400 | +742% |
| Total equity and liabilities | 10/49 | €281,308 | €319,194 | +€37,886 | +13.5% |
| Equity | 10/15 | €143,751 | €101,955 | -€41,797 | -29.1% |
| Reserves | 13 | €143,751 | €109,149 | -€34,602 | -24.1% |
| Distributable reserves | 133 | €143,751 | €109,149 | -€34,602 | -24.1% |
| Profit (loss) carried forward | 14 | - | -€7,195 | -€7,195 | |
| Provisions and deferred taxes | 16 | €7,800 | €7,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,800 | €7,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,800 | €7,800 | = | 0.0% |
| Amounts payable | 17/49 | €129,757 | €209,440 | +€79,682 | +61.4% |
| Amounts payable within one year | 42/48 | €129,757 | €209,440 | +€79,682 | +61.4% |
| Trade debts | 44 | €84,255 | €118,027 | +€33,772 | +40.1% |
| Suppliers | 440/4 | €84,255 | €118,027 | +€33,772 | +40.1% |
| Advances received on contracts in progress | 46 | €37,012 | €37,012 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,490 | €19,798 | +€11,308 | +133% |
| Remuneration and social security | 454/9 | €8,490 | €19,798 | +€11,308 | +133% |
| Other amounts payable | 47/48 | - | €34,602 | +€34,602 | |
| Remuneration, social security and pensions | 62 | €67,399 | €83,683 | +€16,283 | +24.2% |
| Other operating charges | 640/8 | €623 | €640 | +€16 | +2.6% |
| Gross operating margin | 9900 | €109,185 | €78,502 | -€30,683 | -28.1% |
| Operating profit (loss) | 9901 | €41,162 | -€5,820 | -€46,982 | |
| Financial income | 75/76B | €379 | €358 | -€21 | -5.5% |
| Recurring financial income | 75 | €379 | €358 | -€21 | -5.5% |
| Financial charges | 65/66B | €592 | €458 | -€134 | -22.6% |
| Recurring financial charges | 65 | €592 | €458 | -€134 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €40,948 | -€5,921 | -€46,869 | |
| Income taxes | 67/77 | €10,445 | €1,274 | -€9,172 | -87.8% |
| Profit (loss) for the period | 9904 | €30,503 | -€7,195 | -€37,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,503 | -€7,195 | -€37,698 |
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 13 October 2026 via checked.be.