Codana: 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.
What changed
Codana
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,627
2024 · €8,200+€15,427
Equity
€185,776
2024 · €162,148+€23,627
Cash
€12,674
2024 · €12,203+€471
Balance sheet total
€799,517
2024 · €589,066+€210,452
Largest movements
Assets
- Stocks and contracts +€86,344
new in 2025: €86,344
- Financial fixed assets +€70,000
new in 2025: €70,000
- Receivables within one year +€50,786
up €50,786 (+9.4%), from €540,781 to €591,567
of which Trade receivables: +€114,083
Equity and liabilities
- Trade debts +€137,364
up €137,364 (+62.6%), from €219,542 to €356,906
- Tax, wage and social debts +€23,997
up €23,997 (+12.0%), from €200,661 to €224,659
of which Taxes: +€22,496
- Reserves +€23,194
up €23,194 (+283%), from €8,200 to €31,395
of which Distributable reserves: +€16,000
- Other debts +€18,945
new in 2025: €18,945
Income statement
- Purchases and services +€704,010
up €704,010 (+70.5%), from €998,259 to €1.7m
- Turnover +€349,724
up €349,724 (+15.6%), from €2.2m to €2.6m
- Write-downs +€96,466
new in 2025: €96,466
- Gross operating margin +€85,437
up €85,437 (+6.8%), from €1.3m to €1.3m
- Staff costs -€46,273
down €46,273 (-3.8%), from €1.2m to €1.2m
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.
Result 2024
€8,200
Gross operating margin
+€85,437
Staff costs
+€46,273
Depreciation
-€3,484
Write-downs
-€96,466
Provisions
-€754
Other operating charges
-€1,964
Other operating items
-€18,071
Financial income
-€1,198
Financial charges
-€14,108
Taxes
+€19,762
Result 2025
€23,627
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€84,284
Investment
-€83,813
Financing
€0
Cash 2024
€12,203
From operations (derived)
+€84,284
Net result for the year
+€23,627
Depreciation
+€9,543
Stocks and contracts
-€86,344
Receivables within one year
-€50,786
Deferred charges and accrued income
+€1,420
Provisions
+€754
Trade debts
+€137,364
Tax, wage and social debts
+€23,997
Advances received
+€6,168
Other debts
+€18,945
Accrued charges and deferred income
-€403
Investment (derived)
-€83,813
Investment in fixed assets (net)
-€83,813
Cash 2025
€12,674
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,066 | €799,517 | +€210,452 | +35.7% |
| Fixed assets | 21/28 | €17,729 | €91,999 | +€74,271 | +419% |
| Tangible fixed assets | 22/27 | €17,729 | €21,999 | +€4,271 | +24.1% |
| Plant, machinery and equipment | 23 | €17,729 | €21,999 | +€4,271 | +24.1% |
| Financial fixed assets | 28 | - | €70,000 | +€70,000 | |
| Current assets | 29/58 | €571,337 | €707,518 | +€136,181 | +23.8% |
| Stocks and contracts in progress | 3 | - | €86,344 | +€86,344 | |
| Contracts in progress | 37 | - | €86,344 | +€86,344 | |
| Amounts receivable within one year | 40/41 | €540,781 | €591,567 | +€50,786 | +9.4% |
| Trade receivables | 40 | €440,651 | €554,734 | +€114,083 | +25.9% |
| Other amounts receivable | 41 | €100,130 | €36,833 | -€63,297 | -63.2% |
| Cash at bank and in hand | 54/58 | €12,203 | €12,674 | +€471 | +3.9% |
| Deferred charges and accrued income | 490/1 | €18,353 | €16,933 | -€1,420 | -7.7% |
| Total equity and liabilities | 10/49 | €589,066 | €799,517 | +€210,452 | +35.7% |
| Equity | 10/15 | €162,148 | €185,776 | +€23,627 | +14.6% |
| Contributions | 10/11 | €153,948 | €153,948 | = | 0.0% |
| Capital | 10 | €153,948 | €153,948 | = | 0.0% |
| Issued capital | 100 | €153,948 | €153,948 | = | 0.0% |
| Reserves | 13 | €8,200 | €31,395 | +€23,194 | +283% |
| Non-distributable reserves | 130/1 | €8,200 | €15,395 | +€7,194 | +87.7% |
| Legal reserve | 130 | €8,200 | €15,395 | +€7,194 | +87.7% |
| Distributable reserves | 133 | - | €16,000 | +€16,000 | |
| Profit (loss) carried forward | 14 | - | €433 | +€433 | |
| Provisions and deferred taxes | 16 | - | €754 | +€754 | |
| Provisions for liabilities and charges | 160/5 | - | €754 | +€754 | |
| Pensions and similar obligations | 160 | - | €754 | +€754 | |
| Amounts payable | 17/49 | €426,917 | €612,988 | +€186,071 | +43.6% |
| Amounts payable within one year | 42/48 | €421,131 | €607,605 | +€186,474 | +44.3% |
| Trade debts | 44 | €219,542 | €356,906 | +€137,364 | +62.6% |
| Suppliers | 440/4 | €219,542 | €356,906 | +€137,364 | +62.6% |
| Advances received on contracts in progress | 46 | €927 | €7,095 | +€6,168 | +665% |
| Taxes, remuneration and social security | 45 | €200,661 | €224,659 | +€23,997 | +12.0% |
| Taxes | 450/3 | €70,635 | €93,131 | +€22,496 | +31.8% |
| Remuneration and social security | 454/9 | €130,027 | €131,528 | +€1,501 | +1.2% |
| Other amounts payable | 47/48 | - | €18,945 | +€18,945 | |
| Accrued charges and deferred income | 492/3 | €5,786 | €5,383 | -€403 | -7.0% |
| Turnover | 70 | €2,239,438 | €2,589,162 | +€349,724 | +15.6% |
| Non-recurring operating income | 76A | - | €69 | +€69 | |
| Goods, raw materials, services and sundry goods | 60/61 | €998,259 | €1,702,269 | +€704,010 | +70.5% |
| Remuneration, social security and pensions | 62 | €1,206,905 | €1,160,631 | -€46,273 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,059 | €9,543 | +€3,484 | +57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €96,466 | +€96,466 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €754 | +€754 | |
| Other operating charges | 640/8 | €2,802 | €4,766 | +€1,964 | +70.1% |
| Non-recurring operating charges | 66A | €874 | €18,945 | +€18,071 | +2,068% |
| Gross operating margin | 9900 | €1,254,586 | €1,340,023 | +€85,437 | +6.8% |
| Operating profit (loss) | 9901 | €37,948 | €48,919 | +€10,971 | +28.9% |
| Financial income | 75/76B | €1,619 | €420 | -€1,198 | -74.0% |
| Recurring financial income | 75 | €1,619 | €420 | -€1,198 | -74.0% |
| Financial charges | 65/66B | €10,878 | €24,986 | +€14,108 | +130% |
| Recurring financial charges | 65 | €10,878 | €24,986 | +€14,108 | +130% |
| Profit (loss) for the period before taxes | 9903 | €28,688 | €24,353 | -€4,335 | -15.1% |
| Income taxes | 67/77 | €20,487 | €726 | -€19,762 | -96.5% |
| Profit (loss) for the period | 9904 | €8,200 | €23,627 | +€15,427 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €8,200 | €23,627 | +€15,427 | +188% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.