LA CORDEE: 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.
LA CORDEE
Largest movements
- Tangible fixed assets -€17,177
down €17,177 (-5.8%), from €297,957 to €280,781
of which Land and buildings: -€11,034
- Debts after one year -€18,508
down €18,508 (-15.5%), from €119,276 to €100,768
- Profit (loss) carried forward +€9,891
up €9,891 (+11.9%), from €83,104 to €92,994
- Gross operating margin -€9,356
down €9,356 (-11.5%), from €81,196 to €71,839
- Staff costs -€4,586
down €4,586 (-12.5%), from €36,561 to €31,974
- Taxes +€3,294
up €3,294 (+60.0%), from €5,487 to €8,781
- Depreciation -€1,367
down €1,367 (-7.4%), from €18,544 to €17,177
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 | €348,270 | €334,973 | -€13,296 | -3.8% |
| Fixed assets | 21/28 | €298,292 | €281,115 | -€17,177 | -5.8% |
| Tangible fixed assets | 22/27 | €297,957 | €280,781 | -€17,177 | -5.8% |
| Land and buildings | 22 | €289,805 | €278,771 | -€11,034 | -3.8% |
| Plant, machinery and equipment | 23 | €8,152 | €2,009 | -€6,142 | -75.3% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €49,978 | €53,858 | +€3,881 | +7.8% |
| Stocks and contracts in progress | 3 | €2,264 | €2,528 | +€263 | +11.6% |
| Stocks | 30/36 | €2,264 | €2,528 | +€263 | +11.6% |
| Amounts receivable within one year | 40/41 | €5,289 | €6,763 | +€1,474 | +27.9% |
| Trade receivables | 40 | €5,289 | €6,763 | +€1,474 | +27.9% |
| Cash at bank and in hand | 54/58 | €42,425 | €44,568 | +€2,143 | +5.1% |
| Total equity and liabilities | 10/49 | €348,270 | €334,973 | -€13,296 | -3.8% |
| Equity | 10/15 | €103,431 | €113,322 | +€9,891 | +9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,735 | €1,735 | = | 0.0% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Reserves not available under the articles | 1311 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €744 | €744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,104 | €92,994 | +€9,891 | +11.9% |
| Amounts payable | 17/49 | €244,839 | €221,652 | -€23,187 | -9.5% |
| Amounts payable after more than one year | 17 | €119,276 | €100,768 | -€18,508 | -15.5% |
| Financial debts | 170/4 | €119,276 | €100,768 | -€18,508 | -15.5% |
| Amounts payable within one year | 42/48 | €125,562 | €120,883 | -€4,679 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €18,508 | €18,508 | = | 0.0% |
| Trade debts | 44 | €7,275 | €4,402 | -€2,873 | -39.5% |
| Suppliers | 440/4 | €7,275 | €4,402 | -€2,873 | -39.5% |
| Taxes, remuneration and social security | 45 | €12,111 | €10,305 | -€1,806 | -14.9% |
| Taxes | 450/3 | €12,111 | €10,305 | -€1,806 | -14.9% |
| Other amounts payable | 47/48 | €87,668 | €87,668 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,561 | €31,974 | -€4,586 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,544 | €17,177 | -€1,367 | -7.4% |
| Other operating charges | 640/8 | €1,891 | €1,762 | -€128 | -6.8% |
| Gross operating margin | 9900 | €81,196 | €71,839 | -€9,356 | -11.5% |
| Operating profit (loss) | 9901 | €24,201 | €20,926 | -€3,275 | -13.5% |
| Financial charges | 65/66B | €2,254 | €2,254 | = | 0.0% |
| Recurring financial charges | 65 | €2,254 | €2,254 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,947 | €18,672 | -€3,275 | -14.9% |
| Income taxes | 67/77 | €5,487 | €8,781 | +€3,294 | +60.0% |
| Profit (loss) for the period | 9904 | €16,460 | €9,891 | -€6,569 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,460 | €9,891 | -€6,569 | -39.9% |
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 10 October 2026 via checked.be.