CoDek: 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.
CoDek
Largest movements
- Intangible fixed assets -€11,556
down €11,556 (-52.3%), from €22,116 to €10,560
- Cash +€8,917
up €8,917 (+149%), from €6,003 to €14,920
mainly Depreciation (+€13,301) and Receivables within one year (+€5,778)
- Receivables within one year -€5,778
down €5,778 (-86.8%), from €6,658 to €880
of which Trade receivables: -€6,580
- Tangible fixed assets -€1,745
down €1,745 (-49.3%), from €3,541 to €1,796
of which Furniture and vehicles: -€1,405
- Profit (loss) carried forward -€11,488
down €11,488 (-22.2%), from -€51,779 to -€63,267
- Trade debts +€1,326
up €1,326 (+1,374%), from €97 to €1,422
- Gross operating margin +€6,386
up €6,386, from -€4,217 to €2,169
- Other operating charges +€112
up €112 (+58.6%), from €191 to €303
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 | €38,318 | €28,155 | -€10,162 | -26.5% |
| Fixed assets | 21/28 | €25,657 | €12,356 | -€13,301 | -51.8% |
| Intangible fixed assets | 21 | €22,116 | €10,560 | -€11,556 | -52.3% |
| Tangible fixed assets | 22/27 | €3,541 | €1,796 | -€1,745 | -49.3% |
| Plant, machinery and equipment | 23 | €808 | €468 | -€340 | -42.1% |
| Furniture and vehicles | 24 | €2,733 | €1,328 | -€1,405 | -51.4% |
| Current assets | 29/58 | €12,661 | €15,799 | +€3,139 | +24.8% |
| Amounts receivable within one year | 40/41 | €6,658 | €880 | -€5,778 | -86.8% |
| Trade receivables | 40 | €6,585 | €5 | -€6,580 | -99.9% |
| Other amounts receivable | 41 | €73 | €875 | +€802 | +1,102% |
| Cash at bank and in hand | 54/58 | €6,003 | €14,920 | +€8,917 | +149% |
| Total equity and liabilities | 10/49 | €38,318 | €28,155 | -€10,162 | -26.5% |
| Equity | 10/15 | -€21,779 | -€33,267 | -€11,488 | -52.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,779 | -€63,267 | -€11,488 | -22.2% |
| Amounts payable | 17/49 | €60,097 | €61,422 | +€1,326 | +2.2% |
| Amounts payable within one year | 42/48 | €60,097 | €61,422 | +€1,326 | +2.2% |
| Trade debts | 44 | €97 | €1,422 | +€1,326 | +1,374% |
| Suppliers | 440/4 | €97 | €1,422 | +€1,326 | +1,374% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,299 | €13,301 | +€2 | 0.0% |
| Other operating charges | 640/8 | €191 | €303 | +€112 | +58.6% |
| Gross operating margin | 9900 | -€4,217 | €2,169 | +€6,386 | |
| Operating profit (loss) | 9901 | -€17,707 | -€11,435 | +€6,272 | +35.4% |
| Financial income | 75/76B | €0 | €10 | +€10 | +12,400% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +12,400% |
| Financial charges | 65/66B | €61 | €63 | +€1 | +2.2% |
| Recurring financial charges | 65 | €61 | €63 | +€1 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,768 | -€11,488 | +€6,280 | +35.3% |
| Profit (loss) for the period | 9904 | -€17,768 | -€11,488 | +€6,280 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,768 | -€11,488 | +€6,280 | +35.3% |
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 14 October 2026 via checked.be.