CORDIMMO: 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.
CORDIMMO
Largest movements
- Tangible fixed assets -€27,147
down €27,147 (-2.0%), from €1.4m to €1.4m
of which Land and buildings: -€26,785
- Debts after one year -€72,022
down €72,022 (-6.2%), from €1.2m to €1.1m
- Profit (loss) carried forward +€27,080
no longer reported in 2025 (was -€27,080)
- Reserves +€20,702
new in 2025: €20,702
- Gross operating margin +€6,678
up €6,678 (+6.7%), from €99,481 to €106,159
- Other operating charges +€2,620
up €2,620 (+42.3%), from €6,192 to €8,812
- Taxes +€2,070
new in 2025: €2,070
- Financial charges -€1,169
down €1,169 (-5.4%), from €21,518 to €20,348
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.
Cash bridge derived
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 | €1,423,119 | €1,402,938 | -€20,181 | -1.4% |
| Fixed assets | 21/28 | €1,385,140 | €1,357,993 | -€27,147 | -2.0% |
| Tangible fixed assets | 22/27 | €1,385,140 | €1,357,993 | -€27,147 | -2.0% |
| Land and buildings | 22 | €1,383,622 | €1,356,837 | -€26,785 | -1.9% |
| Plant, machinery and equipment | 23 | €373 | €269 | -€104 | -27.9% |
| Furniture and vehicles | 24 | €1,145 | €888 | -€257 | -22.5% |
| Current assets | 29/58 | €37,979 | €44,945 | +€6,966 | +18.3% |
| Amounts receivable within one year | 40/41 | €6,406 | €16,053 | +€9,647 | +150.6% |
| Trade receivables | 40 | €6,406 | €16,053 | +€9,647 | +150.6% |
| Cash at bank and in hand | 54/58 | €31,106 | €26,549 | -€4,557 | -14.7% |
| Deferred charges and accrued income | 490/1 | €467 | €2,343 | +€1,876 | +401.6% |
| Total equity and liabilities | 10/49 | €1,423,119 | €1,402,938 | -€20,181 | -1.4% |
| Equity | 10/15 | €122,920 | €170,702 | +€47,781 | +38.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | - | €20,702 | +€20,702 | |
| Distributable reserves | 133 | - | €20,702 | +€20,702 | |
| Profit (loss) carried forward | 14 | -€27,080 | - | +€27,080 | |
| Amounts payable | 17/49 | €1,300,198 | €1,232,236 | -€67,962 | -5.2% |
| Amounts payable after more than one year | 17 | €1,166,126 | €1,094,105 | -€72,022 | -6.2% |
| Financial debts | 170/4 | €1,166,126 | €1,094,105 | -€72,022 | -6.2% |
| Amounts payable within one year | 42/48 | €127,424 | €137,505 | +€10,081 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €70,751 | €72,022 | +€1,271 | +1.8% |
| Trade debts | 44 | €9,369 | €16,159 | +€6,790 | +72.5% |
| Suppliers | 440/4 | €9,369 | €16,159 | +€6,790 | +72.5% |
| Taxes, remuneration and social security | 45 | €6,200 | €7,625 | +€1,425 | +23.0% |
| Taxes | 450/3 | €6,200 | €7,625 | +€1,425 | +23.0% |
| Other amounts payable | 47/48 | €41,104 | €41,699 | +€595 | +1.4% |
| Accrued charges and deferred income | 492/3 | €6,648 | €627 | -€6,021 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,989 | €27,147 | +€157 | +0.6% |
| Other operating charges | 640/8 | €6,192 | €8,812 | +€2,620 | +42.3% |
| Gross operating margin | 9900 | €99,481 | €106,159 | +€6,678 | +6.7% |
| Operating profit (loss) | 9901 | €66,300 | €70,200 | +€3,900 | +5.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €21,518 | €20,348 | -€1,169 | -5.4% |
| Recurring financial charges | 65 | €21,518 | €20,348 | -€1,169 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €44,782 | €49,852 | +€5,069 | +11.3% |
| Income taxes | 67/77 | - | €2,070 | +€2,070 | |
| Profit (loss) for the period | 9904 | €44,782 | €47,781 | +€2,999 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,782 | €47,781 | +€2,999 | +6.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.