KORDI TEX: 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.
KORDI TEX
Largest movements
- Receivables within one year +€75,965
up €75,965 (+25.0%), from €303,845 to €379,810
of which Trade receivables: +€75,995
- Stocks and contracts -€38,560
down €38,560 (-43.2%), from €89,360 to €50,800
- Cash -€15,431
down €15,431 (-83.7%), from €18,431 to €2,999
mainly Trade debts (-€96,930) and Receivables within one year (-€75,965)
- Trade debts -€96,930
down €96,930 (-25.9%), from €373,804 to €276,873
- Profit (loss) carried forward +€86,015
up €86,015 (+62.7%), from -€137,132 to -€51,117
- Other debts +€24,595
up €24,595 (+155%), from €15,845 to €40,441
- Short-term financial debts +€12,299
new in 2025: €12,299
- Accrued charges and deferred income -€5,368
down €5,368 (-45.1%), from €11,905 to €6,537
- Gross operating margin +€77,368
up €77,368 (+290%), from €26,645 to €104,013
- Financial charges -€4,057
down €4,057 (-52.7%), from €7,699 to €3,642
- Staff costs -€3,350
down €3,350 (-22.2%), from €15,122 to €11,773
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 | €417,214 | €437,864 | +€20,650 | +4.9% |
| Fixed assets | 21/28 | €5,579 | €4,255 | -€1,324 | -23.7% |
| Tangible fixed assets | 22/27 | €5,579 | €4,255 | -€1,324 | -23.7% |
| Plant, machinery and equipment | 23 | €5,579 | €4,255 | -€1,324 | -23.7% |
| Current assets | 29/58 | €411,635 | €433,609 | +€21,974 | +5.3% |
| Stocks and contracts in progress | 3 | €89,360 | €50,800 | -€38,560 | -43.2% |
| Stocks | 30/36 | €89,360 | €50,800 | -€38,560 | -43.2% |
| Amounts receivable within one year | 40/41 | €303,845 | €379,810 | +€75,965 | +25.0% |
| Trade receivables | 40 | €301,186 | €377,181 | +€75,995 | +25.2% |
| Other amounts receivable | 41 | €2,658 | €2,629 | -€29 | -1.1% |
| Cash at bank and in hand | 54/58 | €18,431 | €2,999 | -€15,431 | -83.7% |
| Total equity and liabilities | 10/49 | €417,214 | €437,864 | +€20,650 | +4.9% |
| Equity | 10/15 | €2,728 | €88,743 | +€86,015 | +3,153% |
| Contributions | 10/11 | €138,000 | €138,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,132 | -€51,117 | +€86,015 | +62.7% |
| Amounts payable | 17/49 | €414,486 | €349,122 | -€65,365 | -15.8% |
| Amounts payable within one year | 42/48 | €402,582 | €342,585 | -€59,997 | -14.9% |
| Financial debts | 43 | - | €12,299 | +€12,299 | |
| Credit institutions | 430/8 | - | €12,299 | +€12,299 | |
| Trade debts | 44 | €373,804 | €276,873 | -€96,930 | -25.9% |
| Suppliers | 440/4 | €373,804 | €276,873 | -€96,930 | -25.9% |
| Taxes, remuneration and social security | 45 | €12,932 | €12,971 | +€39 | +0.3% |
| Taxes | 450/3 | €12,932 | €12,971 | +€39 | +0.3% |
| Other amounts payable | 47/48 | €15,845 | €40,441 | +€24,595 | +155% |
| Accrued charges and deferred income | 492/3 | €11,905 | €6,537 | -€5,368 | -45.1% |
| Remuneration, social security and pensions | 62 | €15,122 | €11,773 | -€3,350 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €1,100 | +€823 | +297% |
| Other operating charges | 640/8 | €1,173 | €1,483 | +€310 | +26.4% |
| Gross operating margin | 9900 | €26,645 | €104,013 | +€77,368 | +290% |
| Operating profit (loss) | 9901 | €10,072 | €89,657 | +€79,584 | +790% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,699 | €3,642 | -€4,057 | -52.7% |
| Recurring financial charges | 65 | €7,699 | €3,642 | -€4,057 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €2,373 | €86,015 | +€83,641 | +3,524% |
| Profit (loss) for the period | 9904 | €2,373 | €86,015 | +€83,641 | +3,524% |
| Profit (loss) for the period to be appropriated | 9905 | €2,373 | €86,015 | +€83,641 | +3,524% |
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 28 October 2026 via checked.be.