CODAXA: 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.
CODAXA
Largest movements
- Cash +€14,407
up €14,407 (+812.2%), from €1,774 to €16,181
mainly Depreciation (+€11,511) and Other debts (+€8,135)
- Tangible fixed assets -€11,511
down €11,511 (-36.7%), from €31,378 to €19,867
- Receivables within one year -€7,375
down €7,375 (-65.3%), from €11,287 to €3,912
of which Other amounts receivable: -€11,287
- Profit (loss) carried forward -€15,791
down €15,791 (-12.9%), from -€121,969 to -€137,760
- Other debts +€8,135
up €8,135 (+53.7%), from €15,142 to €23,277
- Tax, wage and social debts +€2,997
up €2,997 (+2079.7%), from €144 to €3,142
- Gross operating margin +€13,121
up €13,121 (+80.3%), from -€16,346 to -€3,225
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 | €47,538 | €43,328 | -€4,210 | -8.9% |
| Fixed assets | 21/28 | €31,378 | €19,867 | -€11,511 | -36.7% |
| Tangible fixed assets | 22/27 | €31,378 | €19,867 | -€11,511 | -36.7% |
| Furniture and vehicles | 24 | €31,378 | €19,867 | -€11,511 | -36.7% |
| Current assets | 29/58 | €16,160 | €23,461 | +€7,301 | +45.2% |
| Amounts receivable within one year | 40/41 | €11,287 | €3,912 | -€7,375 | -65.3% |
| Trade receivables | 40 | - | €3,912 | +€3,912 | |
| Other amounts receivable | 41 | €11,287 | €0 | -€11,287 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,774 | €16,181 | +€14,407 | +812.2% |
| Deferred charges and accrued income | 490/1 | €3,099 | €3,369 | +€269 | +8.7% |
| Total equity and liabilities | 10/49 | €47,538 | €43,328 | -€4,210 | -8.9% |
| Equity | 10/15 | €31,531 | €15,740 | -€15,791 | -50.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €128,500 | €128,500 | = | 0.0% |
| Distributable reserves | 133 | €128,500 | €128,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,969 | -€137,760 | -€15,791 | -12.9% |
| Amounts payable | 17/49 | €16,007 | €27,588 | +€11,581 | +72.3% |
| Amounts payable within one year | 42/48 | €16,007 | €27,588 | +€11,581 | +72.3% |
| Trade debts | 44 | €721 | €1,170 | +€449 | +62.3% |
| Suppliers | 440/4 | €721 | €1,170 | +€449 | +62.3% |
| Taxes, remuneration and social security | 45 | €144 | €3,142 | +€2,997 | +2079.7% |
| Taxes | 450/3 | €144 | €3,142 | +€2,997 | +2079.7% |
| Other amounts payable | 47/48 | €15,142 | €23,277 | +€8,135 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,511 | €11,511 | -€0 | 0.0% |
| Other operating charges | 640/8 | €776 | €800 | +€25 | +3.2% |
| Gross operating margin | 9900 | -€16,346 | -€3,225 | +€13,121 | +80.3% |
| Operating profit (loss) | 9901 | -€28,633 | -€15,536 | +€13,097 | +45.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €90 | €109 | +€19 | +21.0% |
| Recurring financial charges | 65 | €90 | €109 | +€19 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,723 | -€15,645 | +€13,078 | +45.5% |
| Income taxes | 67/77 | €144 | €146 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€28,867 | -€15,791 | +€13,076 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,867 | -€15,791 | +€13,076 | +45.3% |
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 7 October 2026 via checked.be.