AANNEMING KEVIN CODDENS: 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.
AANNEMING KEVIN CODDENS
Largest movements
- Receivables within one year +€57,600
up €57,600 (+18.0%), from €319,996 to €377,596
of which Other amounts receivable: +€39,207
- Tangible fixed assets +€22,875
new in 2025: €22,875
of which Furniture and vehicles: +€14,178
- Cash -€5,775
down €5,775 (-99.4%), from €5,808 to €33
mainly Receivables within one year (-€57,600) and Investment in fixed assets (net) (-€25,845)
- Reserves +€69,228
up €69,228 (+58.2%), from €118,979 to €188,208
- Tax, wage and social debts +€22,084
up €22,084 (+123%), from €17,989 to €40,073
of which Taxes: +€14,702
- Trade debts -€12,978
down €12,978 (-7.8%), from €165,978 to €152,999
- Other debts -€11,987
down €11,987 (-54.5%), from €21,987 to €10,000
- Accrued charges and deferred income +€7,468
new in 2025: €7,468
- Gross operating margin -€47,888
down €47,888 (-29.2%), from €164,077 to €116,189
- Staff costs +€25,802
new in 2025: €25,802
- Taxes -€16,493
down €16,493 (-38.8%), from €42,542 to €26,048
- Financial income +€10,641
up €10,641 (+2,902%), from €367 to €11,007
- Depreciation +€2,970
new in 2025: €2,970
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 | €326,933 | €400,748 | +€73,815 | +22.6% |
| Fixed assets | 21/28 | - | €22,875 | +€22,875 | |
| Tangible fixed assets | 22/27 | - | €22,875 | +€22,875 | |
| Land and buildings | 22 | - | €8,697 | +€8,697 | |
| Furniture and vehicles | 24 | - | €14,178 | +€14,178 | |
| Current assets | 29/58 | €326,933 | €377,873 | +€50,940 | +15.6% |
| Amounts receivable within one year | 40/41 | €319,996 | €377,596 | +€57,600 | +18.0% |
| Trade receivables | 40 | €140,693 | €159,086 | +€18,393 | +13.1% |
| Other amounts receivable | 41 | €179,303 | €218,510 | +€39,207 | +21.9% |
| Cash at bank and in hand | 54/58 | €5,808 | €33 | -€5,775 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,129 | €244 | -€885 | -78.4% |
| Total equity and liabilities | 10/49 | €326,933 | €400,748 | +€73,815 | +22.6% |
| Equity | 10/15 | €120,979 | €190,208 | +€69,228 | +57.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €118,979 | €188,208 | +€69,228 | +58.2% |
| Distributable reserves | 133 | €118,979 | €188,208 | +€69,228 | +58.2% |
| Amounts payable | 17/49 | €205,954 | €210,540 | +€4,587 | +2.2% |
| Amounts payable within one year | 42/48 | €205,954 | €203,072 | -€2,882 | -1.4% |
| Trade debts | 44 | €165,978 | €152,999 | -€12,978 | -7.8% |
| Suppliers | 440/4 | €165,978 | €152,999 | -€12,978 | -7.8% |
| Taxes, remuneration and social security | 45 | €17,989 | €40,073 | +€22,084 | +123% |
| Taxes | 450/3 | €17,989 | €32,691 | +€14,702 | +81.7% |
| Remuneration and social security | 454/9 | - | €7,382 | +€7,382 | |
| Other amounts payable | 47/48 | €21,987 | €10,000 | -€11,987 | -54.5% |
| Accrued charges and deferred income | 492/3 | - | €7,468 | +€7,468 | |
| Remuneration, social security and pensions | 62 | - | €25,802 | +€25,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,970 | +€2,970 | |
| Other operating charges | 640/8 | €2,760 | €2,350 | -€410 | -14.9% |
| Gross operating margin | 9900 | €164,077 | €116,189 | -€47,888 | -29.2% |
| Operating profit (loss) | 9901 | €161,317 | €85,067 | -€76,250 | -47.3% |
| Financial income | 75/76B | €367 | €11,007 | +€10,641 | +2,902% |
| Recurring financial income | 75 | €367 | €11,007 | +€10,641 | +2,902% |
| Financial charges | 65/66B | €162 | €797 | +€635 | +391% |
| Recurring financial charges | 65 | €162 | €797 | +€635 | +391% |
| Profit (loss) for the period before taxes | 9903 | €161,521 | €95,277 | -€66,244 | -41.0% |
| Income taxes | 67/77 | €42,542 | €26,048 | -€16,493 | -38.8% |
| Profit (loss) for the period | 9904 | €118,979 | €69,228 | -€49,751 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,979 | €69,228 | -€49,751 | -41.8% |
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 20 October 2026 via checked.be.