CODEL: 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.
CODEL
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+286.2%), from €8,734 to €33,734
- Receivables after one year -€20,000
down €20,000 (-9.5%), from €211,000 to €191,000
- Tangible fixed assets -€9,600
down €9,600 (-6.9%), from €138,244 to €128,644
of which Land and buildings: -€8,289
- Receivables within one year +€4,671
up €4,671 (+22.1%), from €21,109 to €25,780
of which Trade receivables: +€2,588
- Other debts -€28,357
down €28,357 (-36.4%), from €77,842 to €49,485
- Reserves +€22,680
up €22,680 (+9.4%), from €240,479 to €263,160
of which Non-distributable reserves: +€22,680
- Tax, wage and social debts +€5,840
up €5,840 (+13.7%), from €42,605 to €48,445
- Gross operating margin -€4,108
down €4,108 (-7.2%), from €57,073 to €52,965
- Depreciation -€3,111
down €3,111 (-23.4%), from €13,309 to €10,198
- Taxes -€1,540
down €1,540 (-9.2%), from €16,658 to €15,118
- Financial income -€680
down €680 (-14.3%), from €4,737 to €4,058
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,236 | €396,181 | +€945 | +0.2% |
| Fixed assets | 21/28 | €146,978 | €162,378 | +€15,400 | +10.5% |
| Tangible fixed assets | 22/27 | €138,244 | €128,644 | -€9,600 | -6.9% |
| Land and buildings | 22 | €134,107 | €125,817 | -€8,289 | -6.2% |
| Plant, machinery and equipment | 23 | €1,253 | €1,307 | +€54 | +4.3% |
| Furniture and vehicles | 24 | €2,884 | €1,519 | -€1,365 | -47.3% |
| Financial fixed assets | 28 | €8,734 | €33,734 | +€25,000 | +286.2% |
| Current assets | 29/58 | €248,258 | €233,803 | -€14,454 | -5.8% |
| Amounts receivable after more than one year | 29 | €211,000 | €191,000 | -€20,000 | -9.5% |
| Other amounts receivable | 291 | €211,000 | €191,000 | -€20,000 | -9.5% |
| Amounts receivable within one year | 40/41 | €21,109 | €25,780 | +€4,671 | +22.1% |
| Trade receivables | 40 | €5,277 | €7,865 | +€2,588 | +49.1% |
| Other amounts receivable | 41 | €15,832 | €17,915 | +€2,083 | +13.2% |
| Current investments | 50/53 | €6,561 | €6,432 | -€130 | -2.0% |
| Cash at bank and in hand | 54/58 | €3,468 | €4,946 | +€1,479 | +42.6% |
| Deferred charges and accrued income | 490/1 | €6,120 | €5,646 | -€474 | -7.8% |
| Total equity and liabilities | 10/49 | €395,236 | €396,181 | +€945 | +0.2% |
| Equity | 10/15 | €259,079 | €281,760 | +€22,680 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,479 | €263,160 | +€22,680 | +9.4% |
| Non-distributable reserves | 130/1 | €160,560 | €183,241 | +€22,680 | +14.1% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €158,700 | €181,381 | +€22,680 | +14.3% |
| Distributable reserves | 133 | €79,919 | €79,919 | = | 0.0% |
| Amounts payable | 17/49 | €136,156 | €114,421 | -€21,735 | -16.0% |
| Amounts payable within one year | 42/48 | €135,238 | €112,745 | -€22,493 | -16.6% |
| Trade debts | 44 | €14,791 | €14,815 | +€24 | +0.2% |
| Suppliers | 440/4 | €14,791 | €14,815 | +€24 | +0.2% |
| Taxes, remuneration and social security | 45 | €42,605 | €48,445 | +€5,840 | +13.7% |
| Taxes | 450/3 | €42,605 | €48,445 | +€5,840 | +13.7% |
| Other amounts payable | 47/48 | €77,842 | €49,485 | -€28,357 | -36.4% |
| Accrued charges and deferred income | 492/3 | €918 | €1,676 | +€758 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,309 | €10,198 | -€3,111 | -23.4% |
| Other operating charges | 640/8 | €2,628 | €3,059 | +€431 | +16.4% |
| Non-recurring operating charges | 66A | €3,121 | €4,062 | +€941 | +30.2% |
| Gross operating margin | 9900 | €57,073 | €52,965 | -€4,108 | -7.2% |
| Operating profit (loss) | 9901 | €38,015 | €35,645 | -€2,370 | -6.2% |
| Financial income | 75/76B | €4,737 | €4,058 | -€680 | -14.3% |
| Recurring financial income | 75 | €4,737 | €4,058 | -€680 | -14.3% |
| Financial charges | 65/66B | €1,832 | €1,904 | +€72 | +3.9% |
| Recurring financial charges | 65 | €1,832 | €1,904 | +€72 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €40,920 | €37,799 | -€3,121 | -7.6% |
| Income taxes | 67/77 | €16,658 | €15,118 | -€1,540 | -9.2% |
| Profit (loss) for the period | 9904 | €24,262 | €22,680 | -€1,581 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,262 | €22,680 | -€1,581 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.