CODALI: 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.
CODALI
Largest movements
- Receivables within one year +€17,448
up €17,448 (+2280.8%), from €765 to €18,213
- Cash -€7,166
down €7,166 (-72.9%), from €9,825 to €2,659
mainly Receivables within one year (-€17,448) and Debts after one year (-€4,424)
- Intangible fixed assets -€6,809
down €6,809 (-23.1%), from €29,506 to €22,697
- Tangible fixed assets -€2,652
down €2,652 (-42.9%), from €6,187 to €3,535
- Debts after one year -€4,424
down €4,424 (-15.7%), from €28,207 to €23,783
- Current portion of long-term debt +€4,424
new in 2025: €4,424
- Short-term financial debts -€4,152
no longer reported in 2025 (was €4,152)
- Profit (loss) carried forward +€4,016
up €4,016 (+45.7%), from €8,786 to €12,802
- Tax, wage and social debts +€2,004
up €2,004 (+78.9%), from €2,540 to €4,544
- Depreciation +€3,154
up €3,154 (+50.0%), from €6,307 to €9,461
- Gross operating margin -€2,042
down €2,042 (-10.0%), from €20,411 to €18,369
- Taxes -€536
down €536 (-21.1%), from €2,540 to €2,004
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 | €46,617 | €47,553 | +€936 | +2.0% |
| Fixed assets | 21/28 | €35,693 | €26,232 | -€9,461 | -26.5% |
| Intangible fixed assets | 21 | €29,506 | €22,697 | -€6,809 | -23.1% |
| Tangible fixed assets | 22/27 | €6,187 | €3,535 | -€2,652 | -42.9% |
| Plant, machinery and equipment | 23 | €6,187 | €3,535 | -€2,652 | -42.9% |
| Current assets | 29/58 | €10,924 | €21,321 | +€10,397 | +95.2% |
| Amounts receivable within one year | 40/41 | €765 | €18,213 | +€17,448 | +2280.8% |
| Other amounts receivable | 41 | €765 | €18,213 | +€17,448 | +2280.8% |
| Cash at bank and in hand | 54/58 | €9,825 | €2,659 | -€7,166 | -72.9% |
| Deferred charges and accrued income | 490/1 | €334 | €449 | +€115 | +34.4% |
| Total equity and liabilities | 10/49 | €46,617 | €47,553 | +€936 | +2.0% |
| Equity | 10/15 | €10,786 | €14,802 | +€4,016 | +37.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,786 | €12,802 | +€4,016 | +45.7% |
| Amounts payable | 17/49 | €35,831 | €32,751 | -€3,080 | -8.6% |
| Amounts payable after more than one year | 17 | €28,207 | €23,783 | -€4,424 | -15.7% |
| Financial debts | 170/4 | €28,207 | €23,783 | -€4,424 | -15.7% |
| Amounts payable within one year | 42/48 | €6,692 | €8,968 | +€2,276 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,424 | +€4,424 | |
| Financial debts | 43 | €4,152 | - | -€4,152 | |
| Credit institutions | 430/8 | €4,152 | - | -€4,152 | |
| Taxes, remuneration and social security | 45 | €2,540 | €4,544 | +€2,004 | +78.9% |
| Taxes | 450/3 | €2,540 | €4,544 | +€2,004 | +78.9% |
| Accrued charges and deferred income | 492/3 | €932 | - | -€932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,307 | €9,461 | +€3,154 | +50.0% |
| Other operating charges | 640/8 | €670 | €585 | -€85 | -12.7% |
| Gross operating margin | 9900 | €20,411 | €18,369 | -€2,042 | -10.0% |
| Operating profit (loss) | 9901 | €13,434 | €8,323 | -€5,111 | -38.0% |
| Financial charges | 65/66B | €2,108 | €2,303 | +€195 | +9.3% |
| Recurring financial charges | 65 | €2,108 | €2,303 | +€195 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €11,326 | €6,020 | -€5,306 | -46.8% |
| Income taxes | 67/77 | €2,540 | €2,004 | -€536 | -21.1% |
| Profit (loss) for the period | 9904 | €8,786 | €4,016 | -€4,770 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,786 | €4,016 | -€4,770 | -54.3% |
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 8 October 2026 via checked.be.