CODA MANAGEMENT: 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.
CODA MANAGEMENT
Largest movements
- Receivables within one year +€25,385
up €25,385 (+29.5%), from €86,038 to €111,423
of which Trade receivables: +€22,085
- Financial fixed assets +€8,000
new in 2024: €8,000
- Tangible fixed assets +€7,409
up €7,409 (+441%), from €1,681 to €9,090
- Cash -€2,765
down €2,765 (-3.5%), from €80,110 to €77,344
mainly Contributions, distributions and other (-€81,000) and Receivables within one year (-€25,385)
- Other debts +€70,500
up €70,500 (+13,350%), from €528 to €71,028
- Profit (loss) carried forward -€68,635
down €68,635 (-68.3%), from €100,554 to €31,919
- Tax, wage and social debts +€19,146
up €19,146 (+38.0%), from €50,318 to €69,464
of which Taxes: +€21,564
- Trade debts +€17,018
up €17,018 (+265%), from €6,429 to €23,447
- Gross operating margin -€29,684
down €29,684 (-28.7%), from €103,563 to €73,879
- Taxes -€6,174
down €6,174 (-47.9%), from €12,888 to €6,714
- Depreciation +€2,813
up €2,813 (+620%), from €453 to €3,266
- Staff costs -€1,633
down €1,633 (-3.5%), from €46,154 to €44,521
- Financial charges +€1,528
up €1,528 (+489%), from €312 to €1,841
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.
Derived cash bridge
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 | €167,829 | €205,858 | +€38,029 | +22.7% |
| Fixed assets | 21/28 | €1,681 | €17,090 | +€15,409 | +916% |
| Tangible fixed assets | 22/27 | €1,681 | €9,090 | +€7,409 | +441% |
| Furniture and vehicles | 24 | €1,681 | €9,090 | +€7,409 | +441% |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €166,148 | €188,768 | +€22,620 | +13.6% |
| Amounts receivable within one year | 40/41 | €86,038 | €111,423 | +€25,385 | +29.5% |
| Trade receivables | 40 | €32,915 | €55,000 | +€22,085 | +67.1% |
| Other amounts receivable | 41 | €53,123 | €56,423 | +€3,300 | +6.2% |
| Cash at bank and in hand | 54/58 | €80,110 | €77,344 | -€2,765 | -3.5% |
| Total equity and liabilities | 10/49 | €167,829 | €205,858 | +€38,029 | +22.7% |
| Equity | 10/15 | €110,554 | €41,919 | -€68,635 | -62.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,554 | €31,919 | -€68,635 | -68.3% |
| Amounts payable | 17/49 | €57,275 | €163,939 | +€106,664 | +186% |
| Amounts payable within one year | 42/48 | €57,275 | €163,939 | +€106,664 | +186% |
| Trade debts | 44 | €6,429 | €23,447 | +€17,018 | +265% |
| Suppliers | 440/4 | €6,429 | €23,447 | +€17,018 | +265% |
| Taxes, remuneration and social security | 45 | €50,318 | €69,464 | +€19,146 | +38.0% |
| Taxes | 450/3 | €42,290 | €63,854 | +€21,564 | +51.0% |
| Remuneration and social security | 454/9 | €8,028 | €5,610 | -€2,418 | -30.1% |
| Other amounts payable | 47/48 | €528 | €71,028 | +€70,500 | +13,350% |
| Remuneration, social security and pensions | 62 | €46,154 | €44,521 | -€1,633 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €3,266 | +€2,813 | +620% |
| Other operating charges | 640/8 | €740 | €244 | -€496 | -67.1% |
| Non-recurring operating charges | 66A | €990 | €5,204 | +€4,214 | +426% |
| Gross operating margin | 9900 | €103,563 | €73,879 | -€29,684 | -28.7% |
| Operating profit (loss) | 9901 | €55,225 | €20,644 | -€34,581 | -62.6% |
| Financial income | 75/76B | - | €276 | +€276 | |
| Recurring financial income | 75 | - | €276 | +€276 | |
| Financial charges | 65/66B | €312 | €1,841 | +€1,528 | +489% |
| Recurring financial charges | 65 | €312 | €1,841 | +€1,528 | +489% |
| Profit (loss) for the period before taxes | 9903 | €54,912 | €19,079 | -€35,833 | -65.3% |
| Income taxes | 67/77 | €12,888 | €6,714 | -€6,174 | -47.9% |
| Profit (loss) for the period | 9904 | €42,025 | €12,365 | -€29,659 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,025 | €12,365 | -€29,659 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.