CORDISCO FRERES: 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.
What changed
CORDISCO FRERES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€523,473
2024 · €286,754+€236,719
Equity
€1.7m
2024 · €1.3m+€416,330
Cash
€1.3m
2024 · €806,084+€458,127
Balance sheet total
€2.9m
2024 · €2.8m+€119,477
Largest movements
Assets
- Cash +€458,127
up €458,127 (+56.8%), from €806,084 to €1.3m
mainly Net result for the year (+€523,473) and Receivables within one year (+€187,023)
- Receivables within one year -€187,023
down €187,023 (-71.0%), from €263,590 to €76,567
of which Trade receivables: -€136,861
- Stocks and contracts -€145,112
down €145,112 (-14.4%), from €1.0m to €862,301
Equity and liabilities
- Profit (loss) carried forward +€416,330
up €416,330 (+34.4%), from €1.2m to €1.6m
- Trade debts -€312,456
down €312,456 (-27.0%), from €1.2m to €844,609
Income statement
- Gross operating margin +€331,944
up €331,944 (+56.7%), from €585,741 to €917,685
- Taxes +€81,779
up €81,779 (+73.5%), from €111,299 to €193,078
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.
Result 2024
€286,754
Gross operating margin
+€331,944
Staff costs
-€5,552
Provisions
-€2,800
Other operating charges
+€2,104
Other operating items
+€2,620
Financial income
-€1,984
Financial charges
-€7,834
Taxes
-€81,779
Result 2025
€523,473
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€565,269
Investment
€0
Financing
-€107,143
Cash 2024
€806,084
From operations (derived)
+€565,269
Net result for the year
+€523,473
Depreciation
+€6,515
Stocks and contracts
+€145,112
Receivables within one year
+€187,023
Provisions
+€2,800
Trade debts
-€312,456
Tax, wage and social debts
+€17,323
Other debts
-€4,521
Financing
-€107,143
Contributions, distributions and other
-€107,143
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,771,066 | €2,890,542 | +€119,477 | +4.3% |
| Fixed assets | 21/28 | €693,978 | €687,463 | -€6,515 | -0.9% |
| Tangible fixed assets | 22/27 | €536,924 | €530,409 | -€6,515 | -1.2% |
| Land and buildings | 22 | €536,601 | €530,369 | -€6,233 | -1.2% |
| Furniture and vehicles | 24 | €322 | €40 | -€282 | -87.5% |
| Financial fixed assets | 28 | €157,055 | €157,055 | = | 0.0% |
| Current assets | 29/58 | €2,077,088 | €2,203,079 | +€125,991 | +6.1% |
| Stocks and contracts in progress | 3 | €1,007,413 | €862,301 | -€145,112 | -14.4% |
| Stocks | 30/36 | €1,007,413 | €862,301 | -€145,112 | -14.4% |
| Amounts receivable within one year | 40/41 | €263,590 | €76,567 | -€187,023 | -71.0% |
| Trade receivables | 40 | €165,990 | €29,129 | -€136,861 | -82.5% |
| Other amounts receivable | 41 | €97,600 | €47,438 | -€50,162 | -51.4% |
| Cash at bank and in hand | 54/58 | €806,084 | €1,264,211 | +€458,127 | +56.8% |
| Total equity and liabilities | 10/49 | €2,771,066 | €2,890,542 | +€119,477 | +4.3% |
| Equity | 10/15 | €1,280,659 | €1,696,989 | +€416,330 | +32.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,749 | €51,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €12,390 | €12,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,210,318 | €1,626,648 | +€416,330 | +34.4% |
| Provisions and deferred taxes | 16 | €63,540 | €66,340 | +€2,800 | +4.4% |
| Provisions for liabilities and charges | 160/5 | €63,540 | €66,340 | +€2,800 | +4.4% |
| Pensions and similar obligations | 160 | - | €66,340 | +€66,340 | |
| Environmental obligations | 163 | €63,540 | - | -€63,540 | |
| Amounts payable | 17/49 | €1,426,867 | €1,127,213 | -€299,654 | -21.0% |
| Amounts payable within one year | 42/48 | €1,426,867 | €1,127,213 | -€299,654 | -21.0% |
| Trade debts | 44 | €1,157,065 | €844,609 | -€312,456 | -27.0% |
| Suppliers | 440/4 | €1,157,065 | €844,609 | -€312,456 | -27.0% |
| Taxes, remuneration and social security | 45 | €239,182 | €256,505 | +€17,323 | +7.2% |
| Taxes | 450/3 | €200,738 | €225,102 | +€24,364 | +12.1% |
| Remuneration and social security | 454/9 | €38,444 | €31,403 | -€7,041 | -18.3% |
| Other amounts payable | 47/48 | €30,620 | €26,099 | -€4,521 | -14.8% |
| Remuneration, social security and pensions | 62 | €154,761 | €160,313 | +€5,552 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,515 | €6,515 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,800 | +€2,800 | |
| Other operating charges | 640/8 | €14,291 | €12,187 | -€2,104 | -14.7% |
| Non-recurring operating charges | 66A | €2,620 | - | -€2,620 | |
| Gross operating margin | 9900 | €585,741 | €917,685 | +€331,944 | +56.7% |
| Operating profit (loss) | 9901 | €407,554 | €735,870 | +€328,316 | +80.6% |
| Financial income | 75/76B | €1,984 | - | -€1,984 | |
| Recurring financial income | 75 | €1,984 | - | -€1,984 | |
| Financial charges | 65/66B | €11,485 | €19,319 | +€7,834 | +68.2% |
| Recurring financial charges | 65 | €11,485 | €19,319 | +€7,834 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €398,053 | €716,551 | +€318,498 | +80.0% |
| Income taxes | 67/77 | €111,299 | €193,078 | +€81,779 | +73.5% |
| Profit (loss) for the period | 9904 | €286,754 | €523,473 | +€236,719 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €286,754 | €523,473 | +€236,719 | +82.6% |
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 25 October 2026 via checked.be.