CODDENS-RH: 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.
CODDENS-RH
Largest movements
- Cash +€32,434
up €32,434 (+375.6%), from €8,635 to €41,070
mainly Net result for the year (+€55,979) and Other debts (+€20,000)
- Receivables after one year +€15,131
new in 2025: €15,131
- Intangible fixed assets -€8,363
down €8,363 (-49.4%), from €16,943 to €8,581
- Receivables within one year +€5,427
up €5,427 (+22.0%), from €24,656 to €30,083
of which Trade receivables: +€8,506
- Deferred charges and accrued income +€1,253
up €1,253 (+162.8%), from €770 to €2,022
- Profit (loss) carried forward +€35,979
up €35,979 (+92.3%), from €38,998 to €74,977
- Other debts +€20,000
new in 2025: €20,000
- Trade debts -€6,628
down €6,628 (-93.6%), from €7,082 to €454
- Tax, wage and social debts -€2,419
down €2,419 (-30.9%), from €7,818 to €5,398
of which Taxes: -€2,419
- Gross operating margin +€23,252
up €23,252 (+36.0%), from €64,593 to €87,845
- Taxes +€1,961
up €1,961 (+10.4%), from €18,811 to €20,772
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 | €53,998 | €100,929 | +€46,932 | +86.9% |
| Fixed assets | 21/28 | €19,937 | €12,624 | -€7,313 | -36.7% |
| Intangible fixed assets | 21 | €16,943 | €8,581 | -€8,363 | -49.4% |
| Tangible fixed assets | 22/27 | €1,993 | €3,043 | +€1,049 | +52.6% |
| Furniture and vehicles | 24 | €1,993 | €3,043 | +€1,049 | +52.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €34,061 | €88,306 | +€54,245 | +159.3% |
| Amounts receivable after more than one year | 29 | - | €15,131 | +€15,131 | |
| Trade receivables | 290 | - | €15,131 | +€15,131 | |
| Amounts receivable within one year | 40/41 | €24,656 | €30,083 | +€5,427 | +22.0% |
| Trade receivables | 40 | €21,577 | €30,083 | +€8,506 | +39.4% |
| Other amounts receivable | 41 | €3,079 | - | -€3,079 | |
| Cash at bank and in hand | 54/58 | €8,635 | €41,070 | +€32,434 | +375.6% |
| Deferred charges and accrued income | 490/1 | €770 | €2,022 | +€1,253 | +162.8% |
| Total equity and liabilities | 10/49 | €53,998 | €100,929 | +€46,932 | +86.9% |
| Equity | 10/15 | €39,098 | €75,077 | +€35,979 | +92.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,998 | €74,977 | +€35,979 | +92.3% |
| Amounts payable | 17/49 | €14,899 | €25,852 | +€10,953 | +73.5% |
| Amounts payable within one year | 42/48 | €14,899 | €25,852 | +€10,953 | +73.5% |
| Trade debts | 44 | €7,082 | €454 | -€6,628 | -93.6% |
| Suppliers | 440/4 | €7,082 | €454 | -€6,628 | -93.6% |
| Taxes, remuneration and social security | 45 | €7,818 | €5,398 | -€2,419 | -30.9% |
| Taxes | 450/3 | €7,804 | €5,385 | -€2,419 | -31.0% |
| Remuneration and social security | 454/9 | €14 | €14 | = | 0.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,289 | €11,531 | -€758 | -6.2% |
| Other operating charges | 640/8 | €1,083 | €854 | -€229 | -21.2% |
| Gross operating margin | 9900 | €64,593 | €87,845 | +€23,252 | +36.0% |
| Operating profit (loss) | 9901 | €51,221 | €75,460 | +€24,239 | +47.3% |
| Financial income | 75/76B | €567 | €1,412 | +€845 | +149.1% |
| Recurring financial income | 75 | €567 | €1,412 | +€845 | +149.1% |
| Financial charges | 65/66B | €214 | €121 | -€93 | -43.5% |
| Recurring financial charges | 65 | €214 | €121 | -€93 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €51,573 | €76,751 | +€25,177 | +48.8% |
| Income taxes | 67/77 | €18,811 | €20,772 | +€1,961 | +10.4% |
| Profit (loss) for the period | 9904 | €32,762 | €55,979 | +€23,216 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,762 | €55,979 | +€23,216 | +70.9% |
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.