KORDI: 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
KORDI
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €978,238+€281,227
Equity
€1.2m
2024 · €1.2m+€59,465
Cash
€16,220
2024 · €30,142-€13,922
Balance sheet total
€3.3m
2024 · €3.2m+€170,926
Largest movements
Assets
- Receivables within one year +€148,350
up €148,350 (+6.9%), from €2.1m to €2.3m
of which Other amounts receivable: +€140,391
- Stocks and contracts +€39,003
up €39,003 (+7.6%), from €511,647 to €550,651
Equity and liabilities
- Trade debts +€177,999
up €177,999 (+36.0%), from €494,136 to €672,135
- Other debts -€75,582
down €75,582 (-5.9%), from €1.3m to €1.2m
- Profit (loss) carried forward +€59,465
up €59,465 (+142.8%), from €41,642 to €101,107
Income statement
- Gross operating margin +€268,258
up €268,258 (+15.1%), from €1.8m to €2.0m
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
€978,238
Gross operating margin
+€268,258
Staff costs
+€1,039
Depreciation
-€7,412
Other operating charges
+€2,083
Financial income
+€12,089
Financial charges
+€5,231
Taxes
-€61
Result 2025
€1.3m
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.
From operations
+€1.2m
Investment
-€32,535
Financing
-€1.2m
Cash 2024
€30,142
From operations (derived)
+€1.2m
Net result for the year
+€1.3m
Depreciation
+€55,720
Stocks and contracts
-€39,003
Receivables within one year
-€148,350
Deferred charges and accrued income
-€20,679
Trade debts
+€177,999
Tax, wage and social debts
+€8,419
Other debts
-€75,582
Accrued charges and deferred income
+€5,089
Investment (derived)
-€32,535
Investment in fixed assets (net)
-€32,535
Financing
-€1.2m
Current portion of long-term debt
-€15,746
Short-term financial debts
+€11,282
Contributions, distributions and other
-€1.2m
Cash 2025
€16,220
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,173,626 | €3,344,552 | +€170,926 | +5.4% |
| Fixed assets | 21/28 | €182,985 | €159,800 | -€23,185 | -12.7% |
| Tangible fixed assets | 22/27 | €177,395 | €154,210 | -€23,185 | -13.1% |
| Plant, machinery and equipment | 23 | €44,151 | €57,681 | +€13,530 | +30.6% |
| Furniture and vehicles | 24 | €10,280 | €5,797 | -€4,483 | -43.6% |
| Other tangible fixed assets | 26 | €122,964 | €90,732 | -€32,231 | -26.2% |
| Financial fixed assets | 28 | €5,590 | €5,590 | = | 0.0% |
| Current assets | 29/58 | €2,990,642 | €3,184,752 | +€194,111 | +6.5% |
| Stocks and contracts in progress | 3 | €511,647 | €550,651 | +€39,003 | +7.6% |
| Stocks | 30/36 | €511,647 | €550,651 | +€39,003 | +7.6% |
| Amounts receivable within one year | 40/41 | €2,138,714 | €2,287,065 | +€148,350 | +6.9% |
| Trade receivables | 40 | €40,090 | €48,049 | +€7,959 | +19.9% |
| Other amounts receivable | 41 | €2,098,625 | €2,239,016 | +€140,391 | +6.7% |
| Cash at bank and in hand | 54/58 | €30,142 | €16,220 | -€13,922 | -46.2% |
| Deferred charges and accrued income | 490/1 | €310,138 | €330,817 | +€20,679 | +6.7% |
| Total equity and liabilities | 10/49 | €3,173,626 | €3,344,552 | +€170,926 | +5.4% |
| Equity | 10/15 | €1,175,116 | €1,234,581 | +€59,465 | +5.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,071,974 | €1,071,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,065,824 | €1,065,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,642 | €101,107 | +€59,465 | +142.8% |
| Amounts payable | 17/49 | €1,998,510 | €2,109,971 | +€111,461 | +5.6% |
| Amounts payable within one year | 42/48 | €1,986,416 | €2,092,789 | +€106,373 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €15,746 | €0 | -€15,746 | -100.0% |
| Financial debts | 43 | €64,853 | €76,135 | +€11,282 | +17.4% |
| Credit institutions | 430/8 | €64,853 | €76,135 | +€11,282 | +17.4% |
| Trade debts | 44 | €494,136 | €672,135 | +€177,999 | +36.0% |
| Suppliers | 440/4 | €494,136 | €672,135 | +€177,999 | +36.0% |
| Taxes, remuneration and social security | 45 | €136,100 | €144,519 | +€8,419 | +6.2% |
| Taxes | 450/3 | €3,956 | €9,342 | +€5,385 | +136.1% |
| Remuneration and social security | 454/9 | €132,143 | €135,177 | +€3,034 | +2.3% |
| Other amounts payable | 47/48 | €1,275,582 | €1,200,000 | -€75,582 | -5.9% |
| Accrued charges and deferred income | 492/3 | €12,094 | €17,183 | +€5,089 | +42.1% |
| Non-recurring operating income | 76A | €4,497 | €2,212 | -€2,285 | -50.8% |
| Remuneration, social security and pensions | 62 | €760,713 | €759,674 | -€1,039 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,307 | €55,720 | +€7,412 | +15.3% |
| Other operating charges | 640/8 | €4,450 | €2,366 | -€2,083 | -46.8% |
| Gross operating margin | 9900 | €1,779,029 | €2,047,287 | +€268,258 | +15.1% |
| Operating profit (loss) | 9901 | €965,559 | €1,229,527 | +€263,968 | +27.3% |
| Financial income | 75/76B | €45,048 | €57,137 | +€12,089 | +26.8% |
| Recurring financial income | 75 | €45,048 | €57,137 | +€12,089 | +26.8% |
| Financial charges | 65/66B | €32,302 | €27,071 | -€5,231 | -16.2% |
| Recurring financial charges | 65 | €32,302 | €27,071 | -€5,231 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €978,305 | €1,259,592 | +€281,288 | +28.8% |
| Income taxes | 67/77 | €67 | €128 | +€61 | +90.0% |
| Profit (loss) for the period | 9904 | €978,238 | €1,259,465 | +€281,227 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €978,238 | €1,259,465 | +€281,227 | +28.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.