CODAHP: 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.
CODAHP
Largest movements
- Cash +€9,792
up €9,792 (+3.0%), from €325,384 to €335,177
mainly Net result for the year (+€21,851) and Deferred charges and accrued income (+€1,770)
- Reserves +€8,351
up €8,351 (+28.9%), from €28,912 to €37,263
of which Distributable reserves: +€7,222
- Financial income -€3,816
down €3,816 (-71.8%), from €5,317 to €1,501
- Taxes -€1,157
down €1,157 (-23.5%), from €4,926 to €3,769
- Gross operating margin +€643
up €643 (+2.3%), from €28,299 to €28,942
- Other operating charges +€522
up €522 (+12.5%), from €4,173 to €4,695
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.
Cash bridge derived
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 | €348,072 | €356,095 | +€8,023 | +2.3% |
| Fixed assets | 21/28 | €19,831 | €19,831 | = | 0.0% |
| Tangible fixed assets | 22/27 | €19,831 | €19,831 | = | 0.0% |
| Land and buildings | 22 | €19,831 | €19,831 | = | 0.0% |
| Current assets | 29/58 | €328,240 | €336,263 | +€8,023 | +2.4% |
| Cash at bank and in hand | 54/58 | €325,384 | €335,177 | +€9,792 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,856 | €1,087 | -€1,770 | -62.0% |
| Total equity and liabilities | 10/49 | €348,072 | €356,095 | +€8,023 | +2.3% |
| Equity | 10/15 | €332,829 | €341,181 | +€8,351 | +2.5% |
| Contributions | 10/11 | €303,917 | €303,917 | = | 0.0% |
| Capital | 10 | €303,917 | €303,917 | = | 0.0% |
| Issued capital | 100 | €303,917 | €303,917 | = | 0.0% |
| Reserves | 13 | €28,912 | €37,263 | +€8,351 | +28.9% |
| Non-distributable reserves | 130/1 | €2,255 | €3,383 | +€1,129 | +50.1% |
| Legal reserve | 130 | €2,255 | €3,383 | +€1,129 | +50.1% |
| Distributable reserves | 133 | €26,657 | €33,880 | +€7,222 | +27.1% |
| Amounts payable | 17/49 | €15,242 | €14,914 | -€328 | -2.2% |
| Amounts payable within one year | 42/48 | €15,242 | €14,914 | -€328 | -2.2% |
| Trade debts | 44 | €911 | €264 | -€647 | -71.0% |
| Suppliers | 440/4 | €911 | €264 | -€647 | -71.0% |
| Taxes, remuneration and social security | 45 | €831 | €1,150 | +€319 | +38.3% |
| Taxes | 450/3 | €831 | €1,150 | +€319 | +38.3% |
| Other amounts payable | 47/48 | €13,500 | €13,500 | = | 0.0% |
| Other operating charges | 640/8 | €4,173 | €4,695 | +€522 | +12.5% |
| Gross operating margin | 9900 | €28,299 | €28,942 | +€643 | +2.3% |
| Operating profit (loss) | 9901 | €24,126 | €24,247 | +€121 | +0.5% |
| Financial income | 75/76B | €5,317 | €1,501 | -€3,816 | -71.8% |
| Recurring financial income | 75 | €5,317 | €1,501 | -€3,816 | -71.8% |
| Financial charges | 65/66B | €133 | €128 | -€5 | -3.6% |
| Recurring financial charges | 65 | €133 | €128 | -€5 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €29,310 | €25,620 | -€3,690 | -12.6% |
| Income taxes | 67/77 | €4,926 | €3,769 | -€1,157 | -23.5% |
| Profit (loss) for the period | 9904 | €24,384 | €21,851 | -€2,533 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,384 | €21,851 | -€2,533 | -10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.