CODA: what changed
Two fiscal 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.
CODA
Largest movements
- Current investments +€1.7m
new in 2024: €1.7m
- Cash -€1.0m
down €1.0m (-72.2%), from €1.4m to €387,657
mainly Current investments (-€1.7m) and Investment in fixed assets (net) (-€89,445)
- Receivables within one year -€354,867
down €354,867 (-9.8%), from €3.6m to €3.3m
of which Other amounts receivable: -€231,697
- Tangible fixed assets -€122,926
down €122,926 (-2.4%), from €5.0m to €4.9m
of which Land and buildings: -€119,780
- Profit (loss) carried forward +€322,933
up €322,933 (+5.1%), from €6.3m to €6.7m
- Other operating charges -€40,082
down €40,082 (-87.9%), from €45,580 to €5,498
- Gross operating margin -€25,402
down €25,402 (-4.7%), from €538,619 to €513,216
- Financial income -€17,153
down €17,153 (-27.5%), from €62,322 to €45,168
- Staff costs -€7,434
down €7,434 (-98.9%), from €7,517 to €83
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,047,163 | €10,254,555 | +€207,392 | +2.1% |
| Fixed assets | 21/28 | €5,041,383 | €4,918,457 | -€122,926 | -2.4% |
| Tangible fixed assets | 22/27 | €5,031,323 | €4,908,397 | -€122,926 | -2.4% |
| Land and buildings | 22 | €4,945,263 | €4,825,483 | -€119,780 | -2.4% |
| Plant, machinery and equipment | 23 | €43,136 | €50,298 | +€7,162 | +16.6% |
| Furniture and vehicles | 24 | €42,924 | €32,615 | -€10,309 | -24.0% |
| Financial fixed assets | 28 | €10,060 | €10,060 | = | 0.0% |
| Current assets | 29/58 | €5,005,780 | €5,336,099 | +€330,319 | +6.6% |
| Amounts receivable within one year | 40/41 | €3,606,279 | €3,251,412 | -€354,867 | -9.8% |
| Trade receivables | 40 | €256,831 | €133,661 | -€123,170 | -48.0% |
| Other amounts receivable | 41 | €3,349,448 | €3,117,751 | -€231,697 | -6.9% |
| Current investments | 50/53 | - | €1,697,030 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €1,394,877 | €387,657 | -€1.0m | -72.2% |
| Deferred charges and accrued income | 490/1 | €4,624 | €0 | -€4,624 | -100.0% |
| Total equity and liabilities | 10/49 | €10,047,163 | €10,254,555 | +€207,392 | +2.1% |
| Equity | 10/15 | €8,431,080 | €8,709,389 | +€278,309 | +3.3% |
| Contributions | 10/11 | €840,828 | €840,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,327,514 | €6,650,446 | +€322,933 | +5.1% |
| Investment grants | 15 | €1,262,738 | €1,218,114 | -€44,624 | -3.5% |
| Amounts payable | 17/49 | €1,616,083 | €1,545,166 | -€70,917 | -4.4% |
| Amounts payable after more than one year | 17 | €1,305,211 | €1,230,663 | -€74,548 | -5.7% |
| Financial debts | 170/4 | €1,305,211 | €1,230,663 | -€74,548 | -5.7% |
| Amounts payable within one year | 42/48 | €93,372 | €133,253 | +€39,881 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €73,570 | €74,548 | +€978 | +1.3% |
| Trade debts | 44 | €19,802 | €58,705 | +€38,903 | +196.5% |
| Suppliers | 440/4 | €19,802 | €58,705 | +€38,903 | +196.5% |
| Accrued charges and deferred income | 492/3 | €217,500 | €181,250 | -€36,250 | -16.7% |
| Remuneration, social security and pensions | 62 | €7,517 | €83 | -€7,434 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,150 | €212,371 | +€2,221 | +1.1% |
| Other operating charges | 640/8 | €45,580 | €5,498 | -€40,082 | -87.9% |
| Gross operating margin | 9900 | €538,619 | €513,216 | -€25,402 | -4.7% |
| Operating profit (loss) | 9901 | €275,371 | €295,264 | +€19,893 | +7.2% |
| Financial income | 75/76B | €62,322 | €45,168 | -€17,153 | -27.5% |
| Recurring financial income | 75 | €62,322 | €45,168 | -€17,153 | -27.5% |
| Financial charges | 65/66B | €18,277 | €17,499 | -€778 | -4.3% |
| Recurring financial charges | 65 | €18,277 | €17,499 | -€778 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €319,416 | €322,933 | +€3,517 | +1.1% |
| Profit (loss) for the period | 9904 | €319,416 | €322,933 | +€3,517 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €319,416 | €322,933 | +€3,517 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.