ASD 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.
ASD CODDENS
Largest movements
- Cash -€195,279
down €195,279 (-41.0%), from €476,819 to €281,540
mainly Receivables within one year (-€144,765) and Contributions, distributions and other (-€106,771)
- Receivables within one year +€144,765
up €144,765 (+470%), from €30,787 to €175,552
of which Other amounts receivable: +€139,054
- Debts after one year -€29,694
down €29,694 (-9.8%), from €302,322 to €272,628
of which Financial debts: -€29,694
- Reserves -€26,000
down €26,000 (-5.9%), from €438,120 to €412,120
of which Distributable reserves: -€26,000
- Trade debts +€18,705
up €18,705 (+198%), from €9,470 to €28,175
- Other debts -€10,230
down €10,230 (-14.5%), from €70,492 to €60,261
- Gross operating margin -€40,637
down €40,637 (-22.9%), from €177,488 to €136,852
- Taxes -€26,198
down €26,198 (-65.5%), from €40,024 to €13,826
- Depreciation +€10,340
up €10,340 (+37.0%), from €27,955 to €38,295
- Financial charges -€3,263
down €3,263 (-41.9%), from €7,791 to €4,528
- Financial income -€2,793
down €2,793 (-48.6%), from €5,751 to €2,958
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 | €883,976 | €844,310 | -€39,666 | -4.5% |
| Fixed assets | 21/28 | €375,310 | €383,808 | +€8,498 | +2.3% |
| Tangible fixed assets | 22/27 | €375,217 | €383,715 | +€8,498 | +2.3% |
| Land and buildings | 22 | €333,076 | €337,348 | +€4,272 | +1.3% |
| Furniture and vehicles | 24 | €42,141 | €46,367 | +€4,226 | +10.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €508,667 | €460,502 | -€48,165 | -9.5% |
| Amounts receivable within one year | 40/41 | €30,787 | €175,552 | +€144,765 | +470% |
| Trade receivables | 40 | €21,747 | €27,458 | +€5,711 | +26.3% |
| Other amounts receivable | 41 | €9,040 | €148,094 | +€139,054 | +1,538% |
| Cash at bank and in hand | 54/58 | €476,819 | €281,540 | -€195,279 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,061 | €3,410 | +€2,350 | +222% |
| Total equity and liabilities | 10/49 | €883,976 | €844,310 | -€39,666 | -4.5% |
| Equity | 10/15 | €456,720 | €430,720 | -€26,000 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438,120 | €412,120 | -€26,000 | -5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €436,260 | €410,260 | -€26,000 | -6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €427,256 | €413,590 | -€13,666 | -3.2% |
| Amounts payable after more than one year | 17 | €302,322 | €272,628 | -€29,694 | -9.8% |
| Financial debts | 170/4 | €302,322 | €272,628 | -€29,694 | -9.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €124,934 | €135,431 | +€10,497 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €23,754 | €29,694 | +€5,940 | +25.0% |
| Trade debts | 44 | €9,470 | €28,175 | +€18,705 | +198% |
| Suppliers | 440/4 | €9,470 | €28,175 | +€18,705 | +198% |
| Taxes, remuneration and social security | 45 | €21,218 | €17,300 | -€3,918 | -18.5% |
| Taxes | 450/3 | €21,218 | €17,300 | -€3,918 | -18.5% |
| Other amounts payable | 47/48 | €70,492 | €60,261 | -€10,230 | -14.5% |
| Accrued charges and deferred income | 492/3 | €0 | €5,530 | +€5,530 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €453 | €250 | -€203 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,955 | €38,295 | +€10,340 | +37.0% |
| Other operating charges | 640/8 | €520 | €1,209 | +€689 | +133% |
| Non-recurring operating charges | 66A | - | €931 | +€931 | |
| Gross operating margin | 9900 | €177,488 | €136,852 | -€40,637 | -22.9% |
| Operating profit (loss) | 9901 | €148,561 | €96,167 | -€52,394 | -35.3% |
| Financial income | 75/76B | €5,751 | €2,958 | -€2,793 | -48.6% |
| Recurring financial income | 75 | €5,751 | €2,958 | -€2,793 | -48.6% |
| Financial charges | 65/66B | €7,791 | €4,528 | -€3,263 | -41.9% |
| Recurring financial charges | 65 | €7,791 | €4,528 | -€3,263 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €146,520 | €94,596 | -€51,924 | -35.4% |
| Income taxes | 67/77 | €40,024 | €13,826 | -€26,198 | -65.5% |
| Profit (loss) for the period | 9904 | €106,496 | €80,771 | -€25,726 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,496 | €80,771 | -€25,726 | -24.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.