CORDIER SALAISONS: 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 SALAISONS
Largest movements
- Cash +€439,771
up €439,771 (+77.4%), from €568,162 to €1.0m
mainly Depreciation (+€614,895) and Debts after one year (+€546,451)
- Tangible fixed assets -€397,639
down €397,639 (-7.5%), from €5.3m to €4.9m
of which Land and buildings: -€251,215
- Receivables within one year +€306,641
up €306,641 (+12.9%), from €2.4m to €2.7m
of which Other amounts receivable: +€293,834
- Current investments -€191,000
down €191,000 (-47.6%), from €401,000 to €210,000
- Current portion of long-term debt -€855,064
down €855,064 (-48.2%), from €1.8m to €917,318
- Debts after one year +€546,451
up €546,451 (+17.4%), from €3.1m to €3.7m
- Profit (loss) carried forward +€517,341
up €517,341 (+57.2%), from €904,712 to €1.4m
- Reserves -€273,650
down €273,650 (-78.3%), from €349,415 to €75,765
of which Tax-exempt reserves: -€273,650
- Investment grants +€224,605
new in 2025: €224,605
- Gross operating margin +€422,754
up €422,754 (+9.9%), from €4.3m to €4.7m
- Staff costs +€289,484
up €289,484 (+9.3%), from €3.1m to €3.4m
- Financial income +€121,856
up €121,856 (+378%), from €32,214 to €154,070
- Financial charges +€113,813
up €113,813 (+83.1%), from €136,928 to €250,742
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 | €10,831,830 | €10,971,894 | +€140,064 | +1.3% |
| Fixed assets | 21/28 | €5,284,243 | €4,883,498 | -€400,745 | -7.6% |
| Intangible fixed assets | 21 | €8,459 | €4,948 | -€3,511 | -41.5% |
| Tangible fixed assets | 22/27 | €5,268,437 | €4,870,798 | -€397,639 | -7.5% |
| Land and buildings | 22 | €4,141,494 | €3,890,280 | -€251,215 | -6.1% |
| Plant, machinery and equipment | 23 | €720,680 | €578,188 | -€142,492 | -19.8% |
| Furniture and vehicles | 24 | €178,226 | €157,224 | -€21,002 | -11.8% |
| Other tangible fixed assets | 26 | €228,036 | €245,106 | +€17,070 | +7.5% |
| Financial fixed assets | 28 | €7,347 | €7,752 | +€405 | +5.5% |
| Current assets | 29/58 | €5,547,588 | €6,088,396 | +€540,809 | +9.7% |
| Stocks and contracts in progress | 3 | €2,146,994 | €2,133,172 | -€13,822 | -0.6% |
| Stocks | 30/36 | €2,146,994 | €2,133,172 | -€13,822 | -0.6% |
| Amounts receivable within one year | 40/41 | €2,384,232 | €2,690,873 | +€306,641 | +12.9% |
| Trade receivables | 40 | €2,146,124 | €2,158,931 | +€12,807 | +0.6% |
| Other amounts receivable | 41 | €238,108 | €531,942 | +€293,834 | +123% |
| Current investments | 50/53 | €401,000 | €210,000 | -€191,000 | -47.6% |
| Cash at bank and in hand | 54/58 | €568,162 | €1,007,933 | +€439,771 | +77.4% |
| Deferred charges and accrued income | 490/1 | €47,200 | €46,418 | -€781 | -1.7% |
| Total equity and liabilities | 10/49 | €10,831,830 | €10,971,894 | +€140,064 | +1.3% |
| Equity | 10/15 | €1,409,126 | €1,877,422 | +€468,295 | +33.2% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €349,415 | €75,765 | -€273,650 | -78.3% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Legal reserve | 130 | €15,500 | €15,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €313,606 | €39,956 | -€273,650 | -87.3% |
| Distributable reserves | 133 | €20,309 | €20,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €904,712 | €1,422,052 | +€517,341 | +57.2% |
| Investment grants | 15 | - | €224,605 | +€224,605 | |
| Amounts payable | 17/49 | €9,422,704 | €9,094,472 | -€328,232 | -3.5% |
| Amounts payable after more than one year | 17 | €3,146,419 | €3,692,869 | +€546,451 | +17.4% |
| Financial debts | 170/4 | €3,146,419 | €3,692,869 | +€546,451 | +17.4% |
| Amounts payable within one year | 42/48 | €6,276,285 | €5,400,852 | -€875,433 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,772,383 | €917,318 | -€855,064 | -48.2% |
| Trade debts | 44 | €3,937,622 | €3,866,391 | -€71,231 | -1.8% |
| Suppliers | 440/4 | €3,937,622 | €3,866,391 | -€71,231 | -1.8% |
| Taxes, remuneration and social security | 45 | €385,507 | €336,369 | -€49,138 | -12.7% |
| Taxes | 450/3 | €75,862 | €59,560 | -€16,302 | -21.5% |
| Remuneration and social security | 454/9 | €309,645 | €276,809 | -€32,836 | -10.6% |
| Other amounts payable | 47/48 | €180,774 | €280,774 | +€100,000 | +55.3% |
| Accrued charges and deferred income | 492/3 | - | €751 | +€751 | |
| Non-recurring operating income | 76A | - | €3,830 | +€3,830 | |
| Remuneration, social security and pensions | 62 | €3,100,733 | €3,390,218 | +€289,484 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621,641 | €614,895 | -€6,746 | -1.1% |
| Other operating charges | 640/8 | €163,277 | €162,657 | -€620 | -0.4% |
| Gross operating margin | 9900 | €4,269,634 | €4,692,388 | +€422,754 | +9.9% |
| Operating profit (loss) | 9901 | €383,983 | €524,619 | +€140,636 | +36.6% |
| Financial income | 75/76B | €32,214 | €154,070 | +€121,856 | +378% |
| Recurring financial income | 75 | €32,214 | €154,070 | +€121,856 | +378% |
| Financial charges | 65/66B | €136,928 | €250,742 | +€113,813 | +83.1% |
| Recurring financial charges | 65 | €136,928 | €250,742 | +€113,813 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €279,269 | €427,948 | +€148,679 | +53.2% |
| Income taxes | 67/77 | €101,499 | €84,257 | -€17,242 | -17.0% |
| Profit (loss) for the period | 9904 | €177,770 | €343,691 | +€165,921 | +93.3% |
| Transfer from tax-exempt reserves | 789 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,770 | €617,341 | +€439,571 | +247% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.