CORDONNERIE WILLIAM: 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.
CORDONNERIE WILLIAM
Largest movements
- Stocks and contracts +€5,630
up €5,630 (+23.5%), from €23,979 to €29,609
- Receivables within one year -€5,014
down €5,014 (-93.8%), from €5,347 to €333
of which Trade receivables: -€5,014
- Deferred charges and accrued income -€3,858
down €3,858 (-21.3%), from €18,113 to €14,255
- Tangible fixed assets +€3,372
new in 2025: €3,372
of which Plant, machinery and equipment: +€2,320
- Cash -€2,763
down €2,763 (-10.0%), from €27,671 to €24,907
mainly Stocks and contracts (-€5,630) and Trade debts (-€4,819)
- Profit (loss) carried forward +€6,926
up €6,926 (+31.0%), from €22,314 to €29,240
- Trade debts -€4,819
down €4,819 (-82.1%), from €5,873 to €1,054
- Tax, wage and social debts -€3,681
down €3,681 (-41.7%), from €8,837 to €5,156
of which Taxes: -€2,681
- Gross operating margin -€5,682
down €5,682 (-34.6%), from €16,413 to €10,731
- Taxes -€1,392
down €1,392 (-45.2%), from €3,079 to €1,686
- Depreciation +€367
new in 2025: €367
- Other operating charges +€318
up €318 (+27.1%), from €1,174 to €1,492
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 | €75,110 | €72,475 | -€2,635 | -3.5% |
| Fixed assets | 21/28 | - | €3,372 | +€3,372 | |
| Tangible fixed assets | 22/27 | - | €3,372 | +€3,372 | |
| Plant, machinery and equipment | 23 | - | €2,320 | +€2,320 | |
| Furniture and vehicles | 24 | - | €1,051 | +€1,051 | |
| Current assets | 29/58 | €75,110 | €69,103 | -€6,006 | -8.0% |
| Stocks and contracts in progress | 3 | €23,979 | €29,609 | +€5,630 | +23.5% |
| Stocks | 30/36 | €23,979 | €29,609 | +€5,630 | +23.5% |
| Amounts receivable within one year | 40/41 | €5,347 | €333 | -€5,014 | -93.8% |
| Trade receivables | 40 | €5,101 | €87 | -€5,014 | -98.3% |
| Other amounts receivable | 41 | €246 | €246 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,671 | €24,907 | -€2,763 | -10.0% |
| Deferred charges and accrued income | 490/1 | €18,113 | €14,255 | -€3,858 | -21.3% |
| Total equity and liabilities | 10/49 | €75,110 | €72,475 | -€2,635 | -3.5% |
| Equity | 10/15 | €27,314 | €34,240 | +€6,926 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,314 | €29,240 | +€6,926 | +31.0% |
| Amounts payable | 17/49 | €47,796 | €38,235 | -€9,561 | -20.0% |
| Amounts payable within one year | 42/48 | €47,391 | €38,235 | -€9,156 | -19.3% |
| Trade debts | 44 | €5,873 | €1,054 | -€4,819 | -82.1% |
| Suppliers | 440/4 | €5,873 | €1,054 | -€4,819 | -82.1% |
| Taxes, remuneration and social security | 45 | €8,837 | €5,156 | -€3,681 | -41.7% |
| Taxes | 450/3 | €7,837 | €5,156 | -€2,681 | -34.2% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €32,681 | €32,025 | -€657 | -2.0% |
| Accrued charges and deferred income | 492/3 | €405 | €0 | -€405 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €367 | +€367 | |
| Other operating charges | 640/8 | €1,174 | €1,492 | +€318 | +27.1% |
| Non-recurring operating charges | 66A | €148 | €0 | -€148 | -100.0% |
| Gross operating margin | 9900 | €16,413 | €10,731 | -€5,682 | -34.6% |
| Operating profit (loss) | 9901 | €15,091 | €8,872 | -€6,219 | -41.2% |
| Financial income | 75/76B | €0 | €14 | +€14 | +137200.0% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +137200.0% |
| Financial charges | 65/66B | €345 | €273 | -€72 | -20.9% |
| Recurring financial charges | 65 | €345 | €273 | -€72 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €14,747 | €8,613 | -€6,134 | -41.6% |
| Income taxes | 67/77 | €3,079 | €1,686 | -€1,392 | -45.2% |
| Profit (loss) for the period | 9904 | €11,668 | €6,926 | -€4,741 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,668 | €6,926 | -€4,741 | -40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.