CODAM: 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.
CODAM
Largest movements
- Receivables within one year +€40,176
up €40,176 (+25.4%), from €158,361 to €198,537
- Tangible fixed assets -€11,686
down €11,686 (-1.9%), from €611,895 to €600,210
of which Land and buildings: -€27,518
- Other debts +€27,550
up €27,550 (+6.3%), from €439,336 to €466,886
- Profit (loss) carried forward +€16,282
up €16,282 (+40.3%), from €40,414 to €56,696
- Debts after one year -€15,225
down €15,225 (-8.2%), from €185,497 to €170,272
- Gross operating margin +€11,884
up €11,884 (+26.9%), from €44,096 to €55,979
- Taxes +€4,369
up €4,369 (+252.7%), from €1,729 to €6,098
- Financial income +€3,386
up €3,386 (+45.5%), from €7,436 to €10,822
- Financial charges -€1,450
down €1,450 (-19.8%), from €7,320 to €5,869
- Depreciation +€914
up €914 (+2.7%), from €33,765 to €34,679
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 | €774,566 | €804,140 | +€29,575 | +3.8% |
| Fixed assets | 21/28 | €612,317 | €600,631 | -€11,686 | -1.9% |
| Tangible fixed assets | 22/27 | €611,895 | €600,210 | -€11,686 | -1.9% |
| Land and buildings | 22 | €605,028 | €577,510 | -€27,518 | -4.5% |
| Plant, machinery and equipment | 23 | €2,067 | €19,674 | +€17,607 | +851.8% |
| Furniture and vehicles | 24 | €4,800 | €3,026 | -€1,774 | -37.0% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €162,249 | €203,509 | +€41,261 | +25.4% |
| Amounts receivable within one year | 40/41 | €158,361 | €198,537 | +€40,176 | +25.4% |
| Other amounts receivable | 41 | €158,361 | €198,537 | +€40,176 | +25.4% |
| Cash at bank and in hand | 54/58 | €1,598 | €2,582 | +€984 | +61.6% |
| Deferred charges and accrued income | 490/1 | €2,290 | €2,390 | +€100 | +4.4% |
| Total equity and liabilities | 10/49 | €774,566 | €804,140 | +€29,575 | +3.8% |
| Equity | 10/15 | €94,950 | €111,233 | +€16,282 | +17.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,414 | €56,696 | +€16,282 | +40.3% |
| Amounts payable | 17/49 | €679,615 | €692,908 | +€13,292 | +2.0% |
| Amounts payable after more than one year | 17 | €185,497 | €170,272 | -€15,225 | -8.2% |
| Financial debts | 170/4 | €185,497 | €170,272 | -€15,225 | -8.2% |
| Amounts payable within one year | 42/48 | €493,625 | €522,126 | +€28,502 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €41,031 | €35,029 | -€6,001 | -14.6% |
| Trade debts | 44 | €11,528 | €14,111 | +€2,583 | +22.4% |
| Suppliers | 440/4 | €11,528 | €14,111 | +€2,583 | +22.4% |
| Taxes, remuneration and social security | 45 | €1,730 | €6,100 | +€4,370 | +252.6% |
| Taxes | 450/3 | €1,730 | €6,100 | +€4,370 | +252.6% |
| Other amounts payable | 47/48 | €439,336 | €466,886 | +€27,550 | +6.3% |
| Accrued charges and deferred income | 492/3 | €494 | €509 | +€16 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,765 | €34,679 | +€914 | +2.7% |
| Other operating charges | 640/8 | €3,975 | €3,873 | -€103 | -2.6% |
| Gross operating margin | 9900 | €44,096 | €55,979 | +€11,884 | +26.9% |
| Operating profit (loss) | 9901 | €6,355 | €17,428 | +€11,073 | +174.2% |
| Financial income | 75/76B | €7,436 | €10,822 | +€3,386 | +45.5% |
| Recurring financial income | 75 | €7,436 | €10,822 | +€3,386 | +45.5% |
| Financial charges | 65/66B | €7,320 | €5,869 | -€1,450 | -19.8% |
| Recurring financial charges | 65 | €7,320 | €5,869 | -€1,450 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €6,471 | €22,380 | +€15,909 | +245.8% |
| Income taxes | 67/77 | €1,729 | €6,098 | +€4,369 | +252.7% |
| Profit (loss) for the period | 9904 | €4,743 | €16,282 | +€11,540 | +243.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,743 | €16,282 | +€11,540 | +243.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.