CODEMA FOOD: what changed
What changed
CODEMA FOOD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€155,794
2024 · €92,025+€63,769
Equity
€489,832
2024 · €334,038+€155,794
Cash
€348,645
2024 · €227,627+€121,019
Balance sheet total
€1.9m
2024 · €2.0m-€142,834
Largest movements
Assets
- Cash +€121,019
up €121,019 (+53.2%), from €227,627 to €348,645
mainly Depreciation (+€184,535) and Net result for the year (+€155,794)
- Intangible fixed assets -€93,720
down €93,720 (-14.3%), from €656,557 to €562,836
- Tangible fixed assets -€88,254
down €88,254 (-14.2%), from €622,220 to €533,966
of which Plant, machinery and equipment: -€60,188
- Stocks and contracts -€70,359
down €70,359 (-18.2%), from €387,300 to €316,940
Equity and liabilities
- Debts after one year -€221,250
down €221,250 (-23.5%), from €940,000 to €718,750
- Reserves +€155,794
up €155,794 (+84.7%), from €184,038 to €339,832
of which Distributable reserves: +€155,794
- Trade debts -€89,180
down €89,180 (-15.3%), from €583,911 to €494,730
Income statement
- Gross operating margin +€104,568
up €104,568 (+15.5%), from €674,860 to €779,427
- Taxes +€30,774
up €30,774 (+142%), from €21,624 to €52,397
- Staff costs +€13,616
up €13,616 (+4.0%), from €342,889 to €356,506
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€92,025
Gross operating margin
+€104,568
Staff costs
-€13,616
Depreciation
+€158
Other operating charges
+€12
Financial income
+€1,202
Financial charges
+€2,220
Taxes
-€30,774
Result 2025
€155,794
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€344,829
Investment
-€2,561
Financing
-€221,250
Cash 2024
€227,627
From operations (derived)
+€344,829
Net result for the year
+€155,794
Depreciation
+€184,535
Stocks and contracts
+€70,359
Receivables within one year
+€11,519
Trade debts
-€89,180
Tax, wage and social debts
+€11,015
Other debts
+€786
Investment (derived)
-€2,561
Investment in fixed assets (net)
-€2,561
Financing
-€221,250
Debts after one year
-€221,250
Cash 2025
€348,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,026,038 | €1,883,204 | -€142,834 | -7.0% |
| Fixed assets | 21/28 | €1,278,777 | €1,096,802 | -€181,974 | -14.2% |
| Intangible fixed assets | 21 | €656,557 | €562,836 | -€93,720 | -14.3% |
| Tangible fixed assets | 22/27 | €622,220 | €533,966 | -€88,254 | -14.2% |
| Plant, machinery and equipment | 23 | €443,657 | €383,469 | -€60,188 | -13.6% |
| Furniture and vehicles | 24 | €97 | €1,066 | +€969 | +997% |
| Other tangible fixed assets | 26 | €178,466 | €149,431 | -€29,035 | -16.3% |
| Current assets | 29/58 | €747,261 | €786,401 | +€39,140 | +5.2% |
| Stocks and contracts in progress | 3 | €387,300 | €316,940 | -€70,359 | -18.2% |
| Stocks | 30/36 | €387,300 | €316,940 | -€70,359 | -18.2% |
| Amounts receivable within one year | 40/41 | €132,335 | €120,816 | -€11,519 | -8.7% |
| Trade receivables | 40 | €65,351 | €71,742 | +€6,392 | +9.8% |
| Other amounts receivable | 41 | €66,985 | €49,074 | -€17,911 | -26.7% |
| Cash at bank and in hand | 54/58 | €227,627 | €348,645 | +€121,019 | +53.2% |
| Total equity and liabilities | 10/49 | €2,026,038 | €1,883,204 | -€142,834 | -7.0% |
| Equity | 10/15 | €334,038 | €489,832 | +€155,794 | +46.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | - | €150,000 | +€150,000 | |
| Issued capital | 100 | - | €150,000 | +€150,000 | |
| Reserves | 13 | €184,038 | €339,832 | +€155,794 | +84.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | - | €15,000 | +€15,000 | |
| Reserves not available under the articles | 1311 | €15,000 | - | -€15,000 | |
| Distributable reserves | 133 | €169,038 | €324,832 | +€155,794 | +92.2% |
| Amounts payable | 17/49 | €1,692,001 | €1,393,372 | -€298,629 | -17.6% |
| Amounts payable after more than one year | 17 | €940,000 | €718,750 | -€221,250 | -23.5% |
| Financial debts | 170/4 | €940,000 | €718,750 | -€221,250 | -23.5% |
| Amounts payable within one year | 42/48 | €752,001 | €674,622 | -€77,379 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €583,911 | €494,730 | -€89,180 | -15.3% |
| Suppliers | 440/4 | €583,911 | €494,730 | -€89,180 | -15.3% |
| Taxes, remuneration and social security | 45 | €68,090 | €79,105 | +€11,015 | +16.2% |
| Taxes | 450/3 | €1,059 | €9,309 | +€8,250 | +779% |
| Remuneration and social security | 454/9 | €67,031 | €69,797 | +€2,766 | +4.1% |
| Other amounts payable | 47/48 | - | €786 | +€786 | |
| Remuneration, social security and pensions | 62 | €342,889 | €356,506 | +€13,616 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,693 | €184,535 | -€158 | -0.1% |
| Other operating charges | 640/8 | €15,524 | €15,512 | -€12 | -0.1% |
| Gross operating margin | 9900 | €674,860 | €779,427 | +€104,568 | +15.5% |
| Operating profit (loss) | 9901 | €131,753 | €222,875 | +€91,121 | +69.2% |
| Financial income | 75/76B | €0 | €1,202 | +€1,202 | +667,700% |
| Recurring financial income | 75 | €0 | €1,202 | +€1,202 | +667,700% |
| Financial charges | 65/66B | €18,105 | €15,885 | -€2,220 | -12.3% |
| Recurring financial charges | 65 | €18,105 | €15,885 | -€2,220 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €113,649 | €208,192 | +€94,543 | +83.2% |
| Income taxes | 67/77 | €21,624 | €52,397 | +€30,774 | +142% |
| Profit (loss) for the period | 9904 | €92,025 | €155,794 | +€63,769 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,025 | €155,794 | +€63,769 | +69.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.