CODEBAT CONSTRUCTION: 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.
CODEBAT CONSTRUCTION
Largest movements
- Receivables within one year +€43,387
up €43,387 (+396.9%), from €10,932 to €54,319
of which Trade receivables: +€41,109
- Cash -€26,191
down €26,191 (-71.3%), from €36,742 to €10,551
mainly Receivables within one year (-€43,387) and Trade debts (-€14,186)
- Tangible fixed assets -€7,308
down €7,308 (-21.3%), from €34,344 to €27,036
- Deferred charges and accrued income -€1,777
no longer reported in 2025 (was €1,777)
- Profit (loss) carried forward +€14,510
up €14,510 (+63.4%), from €22,893 to €37,402
- Trade debts -€14,186
down €14,186 (-43.4%), from €32,686 to €18,500
- Tax, wage and social debts +€5,702
up €5,702 (+100.8%), from €5,658 to €11,360
- Other debts +€2,087
up €2,087 (+20.5%), from €10,158 to €12,245
- Gross operating margin +€9,165
up €9,165 (+35.9%), from €25,513 to €34,677
- Financial charges +€5,995
up €5,995 (+6146.3%), from €98 to €6,093
- Depreciation +€5,112
up €5,112 (+232.7%), from €2,196 to €7,308
- Other operating charges -€381
down €381 (-28.6%), from €1,332 to €950
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 | €83,794 | €91,907 | +€8,112 | +9.7% |
| Fixed assets | 21/28 | €34,344 | €27,036 | -€7,308 | -21.3% |
| Tangible fixed assets | 22/27 | €34,344 | €27,036 | -€7,308 | -21.3% |
| Furniture and vehicles | 24 | €34,344 | €27,036 | -€7,308 | -21.3% |
| Current assets | 29/58 | €49,450 | €64,871 | +€15,420 | +31.2% |
| Amounts receivable within one year | 40/41 | €10,932 | €54,319 | +€43,387 | +396.9% |
| Trade receivables | 40 | €2,475 | €43,584 | +€41,109 | +1660.7% |
| Other amounts receivable | 41 | €8,457 | €10,735 | +€2,279 | +26.9% |
| Cash at bank and in hand | 54/58 | €36,742 | €10,551 | -€26,191 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,777 | - | -€1,777 | |
| Total equity and liabilities | 10/49 | €83,794 | €91,907 | +€8,112 | +9.7% |
| Equity | 10/15 | €35,293 | €49,802 | +€14,510 | +41.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,893 | €37,402 | +€14,510 | +63.4% |
| Amounts payable | 17/49 | €48,502 | €42,105 | -€6,397 | -13.2% |
| Amounts payable within one year | 42/48 | €48,502 | €42,105 | -€6,397 | -13.2% |
| Trade debts | 44 | €32,686 | €18,500 | -€14,186 | -43.4% |
| Suppliers | 440/4 | €32,686 | €18,500 | -€14,186 | -43.4% |
| Taxes, remuneration and social security | 45 | €5,658 | €11,360 | +€5,702 | +100.8% |
| Taxes | 450/3 | €5,658 | €11,360 | +€5,702 | +100.8% |
| Other amounts payable | 47/48 | €10,158 | €12,245 | +€2,087 | +20.5% |
| Remuneration, social security and pensions | 62 | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,196 | €7,308 | +€5,112 | +232.7% |
| Other operating charges | 640/8 | €1,332 | €950 | -€381 | -28.6% |
| Gross operating margin | 9900 | €25,513 | €34,677 | +€9,165 | +35.9% |
| Operating profit (loss) | 9901 | €21,985 | €26,301 | +€4,316 | +19.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €98 | €6,093 | +€5,995 | +6146.3% |
| Recurring financial charges | 65 | €98 | €6,093 | +€5,995 | +6146.3% |
| Profit (loss) for the period before taxes | 9903 | €21,887 | €20,212 | -€1,675 | -7.7% |
| Income taxes | 67/77 | €5,669 | €5,702 | +€33 | +0.6% |
| Profit (loss) for the period | 9904 | €16,218 | €14,510 | -€1,708 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,218 | €14,510 | -€1,708 | -10.5% |
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 12 October 2026 via checked.be.