CODAWOOD: 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.
CODAWOOD
Largest movements
- Cash -€56,124
down €56,124 (-37.3%), from €150,274 to €94,150
mainly Investment in fixed assets (net) (-€64,088) and Receivables within one year (-€20,771)
- Tangible fixed assets +€36,331
up €36,331 (+36.4%), from €99,784 to €136,115
of which Land and buildings: +€36,511
- Receivables within one year +€20,771
up €20,771 (+188.8%), from €11,004 to €31,775
of which Other amounts receivable: +€15,335
- Debts after one year -€9,409
down €9,409 (-18.3%), from €51,378 to €41,969
- Profit (loss) carried forward +€8,621
up €8,621 (+4.3%), from €202,615 to €211,237
- Tax, wage and social debts +€4,618
up €4,618 (+78.9%), from €5,851 to €10,470
- Other debts -€4,458
no longer reported in 2025 (was €4,458)
- Staff costs +€51,512
new in 2025: €51,512
- Taxes -€10,447
down €10,447 (-74.2%), from €14,085 to €3,638
- Depreciation +€8,123
up €8,123 (+41.4%), from €19,635 to €27,757
- Financial income +€5,543
up €5,543 (+704.2%), from €787 to €6,330
- Gross operating margin +€2,887
up €2,887 (+3.4%), from €85,898 to €88,785
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 | €277,087 | €278,738 | +€1,651 | +0.6% |
| Fixed assets | 21/28 | €99,784 | €136,115 | +€36,331 | +36.4% |
| Tangible fixed assets | 22/27 | €99,784 | €136,115 | +€36,331 | +36.4% |
| Land and buildings | 22 | €70,599 | €107,110 | +€36,511 | +51.7% |
| Plant, machinery and equipment | 23 | €25,069 | €12,865 | -€12,204 | -48.7% |
| Furniture and vehicles | 24 | €4,116 | €16,140 | +€12,024 | +292.1% |
| Current assets | 29/58 | €177,303 | €142,623 | -€34,680 | -19.6% |
| Stocks and contracts in progress | 3 | €14,739 | €15,655 | +€917 | +6.2% |
| Stocks | 30/36 | €14,739 | €15,655 | +€917 | +6.2% |
| Amounts receivable within one year | 40/41 | €11,004 | €31,775 | +€20,771 | +188.8% |
| Trade receivables | 40 | €3,862 | €9,298 | +€5,436 | +140.7% |
| Other amounts receivable | 41 | €7,142 | €22,477 | +€15,335 | +214.7% |
| Cash at bank and in hand | 54/58 | €150,274 | €94,150 | -€56,124 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,043 | -€243 | -18.9% |
| Total equity and liabilities | 10/49 | €277,087 | €278,738 | +€1,651 | +0.6% |
| Equity | 10/15 | €206,115 | €214,737 | +€8,621 | +4.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,615 | €211,237 | +€8,621 | +4.3% |
| Amounts payable | 17/49 | €70,972 | €64,001 | -€6,970 | -9.8% |
| Amounts payable after more than one year | 17 | €51,378 | €41,969 | -€9,409 | -18.3% |
| Financial debts | 170/4 | €51,378 | €41,969 | -€9,409 | -18.3% |
| Amounts payable within one year | 42/48 | €19,593 | €22,032 | +€2,439 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €9,284 | €9,368 | +€84 | +0.9% |
| Trade debts | 44 | - | €2,194 | +€2,194 | |
| Suppliers | 440/4 | - | €2,194 | +€2,194 | |
| Taxes, remuneration and social security | 45 | €5,851 | €10,470 | +€4,618 | +78.9% |
| Taxes | 450/3 | €5,851 | €10,470 | +€4,618 | +78.9% |
| Other amounts payable | 47/48 | €4,458 | - | -€4,458 | |
| Remuneration, social security and pensions | 62 | - | €51,512 | +€51,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,635 | €27,757 | +€8,123 | +41.4% |
| Other operating charges | 640/8 | €1,041 | €1,668 | +€627 | +60.2% |
| Gross operating margin | 9900 | €85,898 | €88,785 | +€2,887 | +3.4% |
| Operating profit (loss) | 9901 | €65,223 | €7,848 | -€57,375 | -88.0% |
| Financial income | 75/76B | €787 | €6,330 | +€5,543 | +704.2% |
| Recurring financial income | 75 | €787 | €6,330 | +€5,543 | +704.2% |
| Financial charges | 65/66B | €2,164 | €1,918 | -€246 | -11.4% |
| Recurring financial charges | 65 | €2,164 | €1,918 | -€246 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €63,845 | €12,260 | -€51,586 | -80.8% |
| Income taxes | 67/77 | €14,085 | €3,638 | -€10,447 | -74.2% |
| Profit (loss) for the period | 9904 | €49,760 | €8,621 | -€41,139 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,760 | €8,621 | -€41,139 | -82.7% |
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 10 October 2026 via checked.be.