CoDevCo: 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.
CoDevCo
Largest movements
- Receivables within one year +€21,499
up €21,499 (+220.4%), from €9,753 to €31,252
of which Trade receivables: +€16,504
- Cash -€17,246
down €17,246 (-10.0%), from €172,966 to €155,720
mainly Receivables within one year (-€21,499) and Trade debts (-€3,227)
- Reserves +€3,920
up €3,920 (+2.4%), from €166,134 to €170,054
- Trade debts -€3,227
down €3,227 (-65.9%), from €4,898 to €1,671
of which Suppliers: -€3,007
- Tax, wage and social debts +€1,900
up €1,900 (+29.0%), from €6,542 to €8,442
- Gross operating margin -€47,163
down €47,163 (-82.3%), from €57,304 to €10,141
- Taxes -€12,922
down €12,922 (-83.6%), from €15,449 to €2,527
- Depreciation -€1,352
down €1,352 (-44.9%), from €3,012 to €1,661
- Other operating charges -€904
down €904 (-78.9%), from €1,146 to €242
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 | €186,874 | €189,467 | +€2,593 | +1.4% |
| Fixed assets | 21/28 | €4,156 | €2,495 | -€1,661 | -40.0% |
| Tangible fixed assets | 22/27 | €4,156 | €2,495 | -€1,661 | -40.0% |
| Plant, machinery and equipment | 23 | €4,156 | €2,495 | -€1,661 | -40.0% |
| Current assets | 29/58 | €182,718 | €186,972 | +€4,253 | +2.3% |
| Amounts receivable within one year | 40/41 | €9,753 | €31,252 | +€21,499 | +220.4% |
| Trade receivables | 40 | €9,753 | €26,257 | +€16,504 | +169.2% |
| Other amounts receivable | 41 | - | €4,995 | +€4,995 | |
| Cash at bank and in hand | 54/58 | €172,966 | €155,720 | -€17,246 | -10.0% |
| Total equity and liabilities | 10/49 | €186,874 | €189,467 | +€2,593 | +1.4% |
| Equity | 10/15 | €175,434 | €179,354 | +€3,920 | +2.2% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €166,134 | €170,054 | +€3,920 | +2.4% |
| Distributable reserves | 133 | €166,134 | €170,054 | +€3,920 | +2.4% |
| Amounts payable | 17/49 | €11,440 | €10,113 | -€1,327 | -11.6% |
| Amounts payable within one year | 42/48 | €11,440 | €10,113 | -€1,327 | -11.6% |
| Trade debts | 44 | €4,898 | €1,671 | -€3,227 | -65.9% |
| Suppliers | 440/4 | €4,678 | €1,671 | -€3,007 | -64.3% |
| Bills of exchange payable | 441 | €220 | - | -€220 | |
| Taxes, remuneration and social security | 45 | €6,542 | €8,442 | +€1,900 | +29.0% |
| Taxes | 450/3 | €6,542 | €8,442 | +€1,900 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €1,661 | -€1,352 | -44.9% |
| Other operating charges | 640/8 | €1,146 | €242 | -€904 | -78.9% |
| Gross operating margin | 9900 | €57,304 | €10,141 | -€47,163 | -82.3% |
| Operating profit (loss) | 9901 | €53,146 | €8,239 | -€44,907 | -84.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €490 | €74 | -€416 | -84.9% |
| Recurring financial charges | 65 | €490 | €74 | -€416 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €52,656 | €8,165 | -€44,491 | -84.5% |
| Income taxes | 67/77 | €15,449 | €2,527 | -€12,922 | -83.6% |
| Profit (loss) for the period | 9904 | €37,207 | €5,638 | -€31,569 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,207 | €5,638 | -€31,569 | -84.8% |
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 29 September 2026 via checked.be.