Codanics: 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.
Codanics
Largest movements
- Cash +€34,147
up €34,147 (+95.0%), from €35,947 to €70,094
mainly Net result for the year (+€33,195) and Depreciation (+€11,796)
- Tangible fixed assets +€5,135
up €5,135 (+11.7%), from €43,730 to €48,865
- Receivables within one year +€2,369
up €2,369 (+12.6%), from €18,755 to €21,124
of which Other amounts receivable: +€5,124
- Reserves +€32,362
up €32,362 (+129%), from €25,058 to €57,420
- Short-term financial debts +€8,815
new in 2025: €8,815
- Tax, wage and social debts -€8,451
down €8,451 (-52.6%), from €16,065 to €7,614
of which Taxes: -€8,451
- Other debts +€6,828
up €6,828 (+125%), from €5,453 to €12,282
- Current portion of long-term debt +€4,446
up €4,446 (+49.0%), from €9,076 to €13,522
- Gross operating margin +€18,781
up €18,781 (+48.6%), from €38,628 to €57,409
- Depreciation +€7,216
up €7,216 (+158%), from €4,579 to €11,796
- Taxes +€3,071
up €3,071 (+44.3%), from €6,938 to €10,010
- Financial charges +€1,151
up €1,151 (+152%), from €756 to €1,907
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,011 | €140,788 | +€41,777 | +42.2% |
| Fixed assets | 21/28 | €43,730 | €48,865 | +€5,135 | +11.7% |
| Tangible fixed assets | 22/27 | €43,730 | €48,865 | +€5,135 | +11.7% |
| Furniture and vehicles | 24 | €43,730 | €48,865 | +€5,135 | +11.7% |
| Current assets | 29/58 | €55,281 | €91,922 | +€36,641 | +66.3% |
| Amounts receivable within one year | 40/41 | €18,755 | €21,124 | +€2,369 | +12.6% |
| Trade receivables | 40 | €18,755 | €16,000 | -€2,755 | -14.7% |
| Other amounts receivable | 41 | - | €5,124 | +€5,124 | |
| Cash at bank and in hand | 54/58 | €35,947 | €70,094 | +€34,147 | +95.0% |
| Deferred charges and accrued income | 490/1 | €579 | €705 | +€126 | +21.7% |
| Total equity and liabilities | 10/49 | €99,011 | €140,788 | +€41,777 | +42.2% |
| Equity | 10/15 | €30,058 | €62,420 | +€32,362 | +108% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,058 | €57,420 | +€32,362 | +129% |
| Distributable reserves | 133 | €25,058 | €57,420 | +€32,362 | +129% |
| Amounts payable | 17/49 | €68,952 | €78,368 | +€9,415 | +13.7% |
| Amounts payable after more than one year | 17 | €35,553 | €33,193 | -€2,360 | -6.6% |
| Financial debts | 170/4 | €35,553 | €33,193 | -€2,360 | -6.6% |
| Amounts payable within one year | 42/48 | €33,021 | €44,796 | +€11,775 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €9,076 | €13,522 | +€4,446 | +49.0% |
| Financial debts | 43 | - | €8,815 | +€8,815 | |
| Credit institutions | 430/8 | - | €8,815 | +€8,815 | |
| Trade debts | 44 | €2,426 | €2,564 | +€138 | +5.7% |
| Suppliers | 440/4 | €2,426 | €2,564 | +€138 | +5.7% |
| Taxes, remuneration and social security | 45 | €16,065 | €7,614 | -€8,451 | -52.6% |
| Taxes | 450/3 | €12,431 | €3,980 | -€8,451 | -68.0% |
| Remuneration and social security | 454/9 | €3,634 | €3,634 | = | 0.0% |
| Other amounts payable | 47/48 | €5,453 | €12,282 | +€6,828 | +125% |
| Accrued charges and deferred income | 492/3 | €378 | €379 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,579 | €11,796 | +€7,216 | +158% |
| Other operating charges | 640/8 | €465 | €946 | +€481 | +103% |
| Gross operating margin | 9900 | €38,628 | €57,409 | +€18,781 | +48.6% |
| Operating profit (loss) | 9901 | €33,583 | €44,667 | +€11,084 | +33.0% |
| Financial income | 75/76B | €3 | €445 | +€442 | +14,823% |
| Recurring financial income | 75 | €3 | €445 | +€442 | +14,823% |
| Financial charges | 65/66B | €756 | €1,907 | +€1,151 | +152% |
| Recurring financial charges | 65 | €756 | €1,907 | +€1,151 | +152% |
| Profit (loss) for the period before taxes | 9903 | €32,829 | €43,204 | +€10,375 | +31.6% |
| Income taxes | 67/77 | €6,938 | €10,010 | +€3,071 | +44.3% |
| Profit (loss) for the period | 9904 | €25,891 | €33,195 | +€7,303 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,891 | €33,195 | +€7,303 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.