La Cordiante: what changed
What changed
La Cordiante
NACE 88.105, Social work activities without accommodation
filed annual accounts (NBB)
Net result for the year
€31,690
2024 · €35,951-€4,261
Equity
€380,773
2024 · €354,086+€26,687
Cash
€173,533
2024 · €380,101-€206,568
Balance sheet total
€549,278
2024 · €551,091-€1,813
Largest movements
Assets
- Current investments +€250,000
new in 2025: €250,000
- Cash -€206,568
down €206,568 (-54.3%), from €380,101 to €173,533
mainly Current investments (-€250,000) and Debts within one year (-€29,976)
- Receivables within one year -€25,304
down €25,304 (-28.7%), from €88,026 to €62,722
of which Other amounts receivable: -€13,979
- Tangible fixed assets -€11,640
down €11,640 (-20.5%), from €56,648 to €45,008
of which Furniture and vehicles: -€11,040
Equity and liabilities
- Profit (loss) carried forward +€31,690
up €31,690 (+9.3%), from €339,074 to €370,764
- Debts within one year -€29,976
down €29,976 (-25.3%), from €118,469 to €88,493
- Provisions +€25,000
up €25,000 (+45.5%), from €55,000 to €80,000
- Accrued charges and deferred income -€23,524
down €23,524 (-99.9%), from €23,536 to €12
Income statement
- Gross operating margin +€68,187
up €68,187 (+15.6%), from €436,336 to €504,523
- Staff costs +€60,414
up €60,414 (+16.6%), from €363,662 to €424,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€35,951
Gross operating margin
+€68,187
Staff costs
-€60,414
Depreciation
-€3,223
Other operating charges
+€966
Other operating items
-€10,300
Financial income
+€1,267
Financial charges
-€70
Taxes
-€674
Result 2025
€31,690
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€59,525
Investment
-€261,090
Financing
-€5,003
Cash 2024
€380,101
From operations (derived)
+€59,525
Net result for the year
+€31,690
Depreciation
+€27,750
Receivables within one year
+€25,304
Deferred charges and accrued income
+€3,281
Provisions
+€25,000
Debts within one year
-€29,976
Accrued charges and deferred income
-€23,524
Investment (derived)
-€261,090
Investment in fixed assets (net)
-€11,090
Current investments
-€250,000
Financing
-€5,003
Contributions, distributions and other
-€5,003
Cash 2025
€173,533
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,091 | €549,278 | -€1,813 | -0.3% |
| Fixed assets | 21/28 | €75,018 | €58,358 | -€16,660 | -22.2% |
| Tangible fixed assets | 22/27 | €56,648 | €45,008 | -€11,640 | -20.5% |
| Furniture and vehicles | 24 | €55,448 | €44,408 | -€11,040 | -19.9% |
| Other tangible fixed assets | 26 | €1,200 | €600 | -€600 | -50.0% |
| Financial fixed assets | 28 | €18,370 | €13,350 | -€5,020 | -27.3% |
| Current assets | 29/58 | €476,073 | €490,920 | +€14,847 | +3.1% |
| Amounts receivable within one year | 40/41 | €88,026 | €62,722 | -€25,304 | -28.7% |
| Trade receivables | 40 | €65,802 | €54,477 | -€11,325 | -17.2% |
| Other amounts receivable | 41 | €22,224 | €8,245 | -€13,979 | -62.9% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €380,101 | €173,533 | -€206,568 | -54.3% |
| Deferred charges and accrued income | 490/1 | €7,946 | €4,665 | -€3,281 | -41.3% |
| Total equity and liabilities | 10/49 | €551,091 | €549,278 | -€1,813 | -0.3% |
| Equity | 10/15 | €354,086 | €380,773 | +€26,687 | +7.5% |
| Profit (loss) carried forward | 14 | €339,074 | €370,764 | +€31,690 | +9.3% |
| Investment grants | 15 | €15,012 | €10,009 | -€5,003 | -33.3% |
| Provisions and deferred taxes | 16 | €55,000 | €80,000 | +€25,000 | +45.5% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €80,000 | +€25,000 | +45.5% |
| Major repairs and maintenance | 162 | - | €15,000 | +€15,000 | |
| Other liabilities and charges | 164/5 | €55,000 | €65,000 | +€10,000 | +18.2% |
| Amounts payable | 17/49 | €142,005 | €88,505 | -€53,500 | -37.7% |
| Amounts payable within one year | 42/48 | €118,469 | €88,493 | -€29,976 | -25.3% |
| Trade debts | 44 | €3,271 | €8,264 | +€4,993 | +153% |
| Suppliers | 440/4 | €3,271 | €8,264 | +€4,993 | +153% |
| Taxes, remuneration and social security | 45 | €52,964 | €66,920 | +€13,956 | +26.3% |
| Taxes | 450/3 | €8,878 | €14,476 | +€5,598 | +63.1% |
| Remuneration and social security | 454/9 | €44,086 | €52,444 | +€8,358 | +19.0% |
| Accrued charges and deferred income | 492/3 | €23,536 | €12 | -€23,524 | -99.9% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €363,662 | €424,076 | +€60,414 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,527 | €27,750 | +€3,223 | +13.1% |
| Other operating charges | 640/8 | €1,951 | €985 | -€966 | -49.5% |
| Non-recurring operating charges | 66A | €153 | €453 | +€300 | +196% |
| Gross operating margin | 9900 | €436,336 | €504,523 | +€68,187 | +15.6% |
| Operating profit (loss) | 9901 | €31,043 | €26,259 | -€4,784 | -15.4% |
| Financial income | 75/76B | €5,003 | €6,270 | +€1,267 | +25.3% |
| Recurring financial income | 75 | €5,003 | €6,270 | +€1,267 | +25.3% |
| Financial charges | 65/66B | €95 | €165 | +€70 | +73.7% |
| Recurring financial charges | 65 | €95 | €165 | +€70 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €35,951 | €32,364 | -€3,587 | -10.0% |
| Income taxes | 67/77 | - | €674 | +€674 | |
| Profit (loss) for the period | 9904 | €35,951 | €31,690 | -€4,261 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,951 | €31,690 | -€4,261 | -11.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.