CORMI BUILD: 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.
CORMI BUILD
Largest movements
- Receivables within one year +€126,588
up €126,588 (+135%), from €93,488 to €220,076
of which Other amounts receivable: +€101,541
- Cash -€121,140
down €121,140 (-81.7%), from €148,309 to €27,169
mainly Receivables within one year (-€126,588) and Debts after one year (-€55,454)
- Tangible fixed assets -€91,156
down €91,156 (-9.4%), from €974,511 to €883,355
- Debts after one year -€55,454
down €55,454 (-9.6%), from €577,180 to €521,726
- Tax, wage and social debts -€39,417
down €39,417 (-72.5%), from €54,370 to €14,954
of which Taxes: -€36,417
- Profit (loss) carried forward +€32,021
up €32,021 (+7.9%), from €405,703 to €437,724
- Trade debts -€13,830
down €13,830 (-13.9%), from €99,540 to €85,710
of which Suppliers: -€70,462
- Turnover -€808,169
down €808,169 (-48.3%), from €1.7m to €863,592
- Purchases and services -€649,300
down €649,300 (-48.1%), from €1.4m to €700,765
- Gross operating margin -€158,869
down €158,869 (-49.4%), from €321,696 to €162,827
- Taxes -€36,961
down €36,961 (-71.2%), from €51,915 to €14,954
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 | €1,216,308 | €1,130,600 | -€85,709 | -7.0% |
| Fixed assets | 21/28 | €974,511 | €883,355 | -€91,156 | -9.4% |
| Tangible fixed assets | 22/27 | €974,511 | €883,355 | -€91,156 | -9.4% |
| Land and buildings | 22 | €681,239 | €662,058 | -€19,181 | -2.8% |
| Plant, machinery and equipment | 23 | €32,213 | €27,223 | -€4,990 | -15.5% |
| Furniture and vehicles | 24 | €54,715 | €33,781 | -€20,934 | -38.3% |
| Leasing and similar rights | 25 | €175,469 | €132,534 | -€42,935 | -24.5% |
| Other tangible fixed assets | 26 | €30,875 | €27,758 | -€3,117 | -10.1% |
| Current assets | 29/58 | €241,797 | €247,245 | +€5,447 | +2.3% |
| Amounts receivable within one year | 40/41 | €93,488 | €220,076 | +€126,588 | +135% |
| Trade receivables | 40 | €62,612 | €87,658 | +€25,046 | +40.0% |
| Other amounts receivable | 41 | €30,877 | €132,418 | +€101,541 | +329% |
| Cash at bank and in hand | 54/58 | €148,309 | €27,169 | -€121,140 | -81.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,216,308 | €1,130,600 | -€85,709 | -7.0% |
| Equity | 10/15 | €411,903 | €443,924 | +€32,021 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €405,703 | €437,724 | +€32,021 | +7.9% |
| Amounts payable | 17/49 | €804,405 | €686,676 | -€117,729 | -14.6% |
| Amounts payable after more than one year | 17 | €577,180 | €521,726 | -€55,454 | -9.6% |
| Financial debts | 170/4 | €577,180 | €521,726 | -€55,454 | -9.6% |
| Amounts payable within one year | 42/48 | €227,225 | €164,950 | -€62,275 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €68,855 | €60,137 | -€8,718 | -12.7% |
| Trade debts | 44 | €99,540 | €85,710 | -€13,830 | -13.9% |
| Suppliers | 440/4 | €87,915 | €17,453 | -€70,462 | -80.1% |
| Bills of exchange payable | 441 | €11,626 | €68,257 | +€56,632 | +487% |
| Taxes, remuneration and social security | 45 | €54,370 | €14,954 | -€39,417 | -72.5% |
| Taxes | 450/3 | €51,370 | €14,954 | -€36,417 | -70.9% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €4,459 | €4,149 | -€310 | -6.9% |
| Turnover | 70 | €1,671,761 | €863,592 | -€808,169 | -48.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,350,065 | €700,765 | -€649,300 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,961 | €94,454 | +€3,493 | +3.8% |
| Other operating charges | 640/8 | €3,092 | €4,188 | +€1,096 | +35.4% |
| Gross operating margin | 9900 | €321,696 | €162,827 | -€158,869 | -49.4% |
| Operating profit (loss) | 9901 | €227,643 | €64,185 | -€163,458 | -71.8% |
| Financial income | 75/76B | €73 | €851 | +€778 | +1,067% |
| Recurring financial income | 75 | €73 | €851 | +€778 | +1,067% |
| Financial charges | 65/66B | €21,145 | €18,062 | -€3,083 | -14.6% |
| Recurring financial charges | 65 | €21,145 | €18,062 | -€3,083 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €206,571 | €46,974 | -€159,597 | -77.3% |
| Income taxes | 67/77 | €51,915 | €14,954 | -€36,961 | -71.2% |
| Profit (loss) for the period | 9904 | €154,656 | €32,021 | -€122,635 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €154,656 | €32,021 | -€122,635 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.