CODI BUSINESS: 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.
CODI BUSINESS
Largest movements
- Receivables within one year -€14,289
down €14,289 (-7.2%), from €198,652 to €184,363
of which Trade receivables: -€8,224
- Cash -€4,847
down €4,847 (-47.2%), from €10,277 to €5,430
mainly Trade debts (-€65,766) and Contributions, distributions and other (-€28,467)
- Trade debts -€65,766
down €65,766 (-55.5%), from €118,455 to €52,689
- Other debts +€31,691
up €31,691 (+177.3%), from €17,871 to €49,562
- Tax, wage and social debts +€22,627
up €22,627 (+95.3%), from €23,742 to €46,369
of which Taxes: +€38,275
- Current portion of long-term debt -€14,848
no longer reported in 2024 (was €14,848)
- Profit (loss) carried forward +€7,118
up €7,118 (+25.0%), from €28,467 to €35,586
- Turnover -€995,795
down €995,795 (-64.3%), from €1.5m to €553,681
- Purchases and services -€950,337
down €950,337 (-64.3%), from €1.5m to €527,129
- Staff costs -€38,600
down €38,600 (-66.9%), from €57,666 to €19,066
- Gross operating margin -€22,454
down €22,454 (-27.8%), from €80,651 to €58,197
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 | €212,770 | €193,593 | -€19,177 | -9.0% |
| Fixed assets | 21/28 | €2,027 | €2,027 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €2,027 | €2,027 | = | 0.0% |
| Current assets | 29/58 | €210,743 | €191,566 | -€19,177 | -9.1% |
| Amounts receivable within one year | 40/41 | €198,652 | €184,363 | -€14,289 | -7.2% |
| Trade receivables | 40 | €129,038 | €120,813 | -€8,224 | -6.4% |
| Other amounts receivable | 41 | €69,614 | €63,550 | -€6,064 | -8.7% |
| Cash at bank and in hand | 54/58 | €10,277 | €5,430 | -€4,847 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,773 | -€41 | -2.3% |
| Total equity and liabilities | 10/49 | €212,770 | €193,593 | -€19,177 | -9.0% |
| Equity | 10/15 | €33,467 | €40,586 | +€7,118 | +21.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,467 | €35,586 | +€7,118 | +25.0% |
| Amounts payable | 17/49 | €179,303 | €153,007 | -€26,296 | -14.7% |
| Amounts payable within one year | 42/48 | €174,916 | €148,620 | -€26,296 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €14,848 | - | -€14,848 | |
| Trade debts | 44 | €118,455 | €52,689 | -€65,766 | -55.5% |
| Suppliers | 440/4 | €118,455 | €52,689 | -€65,766 | -55.5% |
| Taxes, remuneration and social security | 45 | €23,742 | €46,369 | +€22,627 | +95.3% |
| Taxes | 450/3 | €8,094 | €46,369 | +€38,275 | +472.9% |
| Remuneration and social security | 454/9 | €15,648 | - | -€15,648 | |
| Other amounts payable | 47/48 | €17,871 | €49,562 | +€31,691 | +177.3% |
| Accrued charges and deferred income | 492/3 | €4,387 | €4,387 | = | 0.0% |
| Turnover | 70 | €1,549,476 | €553,681 | -€995,795 | -64.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,477,466 | €527,129 | -€950,337 | -64.3% |
| Remuneration, social security and pensions | 62 | €57,666 | €19,066 | -€38,600 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | - | -€331 | |
| Other operating charges | 640/8 | €939 | €962 | +€23 | +2.4% |
| Gross operating margin | 9900 | €80,651 | €58,197 | -€22,454 | -27.8% |
| Operating profit (loss) | 9901 | €21,715 | €38,169 | +€16,454 | +75.8% |
| Financial charges | 65/66B | €1,761 | €194 | -€1,567 | -89.0% |
| Recurring financial charges | 65 | €1,761 | €194 | -€1,567 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €19,954 | €37,975 | +€18,021 | +90.3% |
| Income taxes | 67/77 | €5,887 | €2,389 | -€3,498 | -59.4% |
| Profit (loss) for the period | 9904 | €14,067 | €35,586 | +€21,519 | +153.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,067 | €35,586 | +€21,519 | +153.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.