CODI-INVEST: 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-INVEST
Largest movements
- Receivables within one year +€128,905
up €128,905 (+197%), from €65,478 to €194,383
of which Trade receivables: +€142,689
- Cash +€47,007
up €47,007 (+34.0%), from €138,340 to €185,347
mainly Other debts (+€164,117) and Trade debts (+€159,020)
- Stocks and contracts +€39,438
up €39,438 (+45.0%), from €87,563 to €127,001
- Tangible fixed assets +€32,287
up €32,287 (+40.6%), from €79,583 to €111,870
of which Other tangible fixed assets: +€30,719
- Deferred charges and accrued income -€13,075
down €13,075 (-38.1%), from €34,309 to €21,234
- Profit (loss) carried forward -€567,101
down €567,101 (-100%), from €567,101 to €0
- Reserves +€489,887
up €489,887 (+607%), from €80,719 to €570,606
of which Distributable reserves: +€489,887
- Other debts +€164,117
up €164,117 (+285%), from €57,515 to €221,632
- Trade debts +€159,020
up €159,020 (+1,431%), from €11,116 to €170,136
- Gross operating margin +€64,138
up €64,138 (+50.0%), from €128,246 to €192,384
- Taxes +€16,181
up €16,181 (+44.4%), from €36,447 to €52,628
- Financial charges -€2,101
down €2,101 (-24.4%), from €8,598 to €6,498
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 | €805,274 | €1,039,836 | +€234,562 | +29.1% |
| Fixed assets | 21/28 | €479,585 | €511,872 | +€32,287 | +6.7% |
| Tangible fixed assets | 22/27 | €79,583 | €111,870 | +€32,287 | +40.6% |
| Plant, machinery and equipment | 23 | €14,117 | €15,749 | +€1,632 | +11.6% |
| Furniture and vehicles | 24 | €14,449 | €14,385 | -€64 | -0.4% |
| Other tangible fixed assets | 26 | €51,016 | €81,735 | +€30,719 | +60.2% |
| Financial fixed assets | 28 | €400,002 | €400,002 | = | 0.0% |
| Current assets | 29/58 | €325,690 | €527,965 | +€202,275 | +62.1% |
| Stocks and contracts in progress | 3 | €87,563 | €127,001 | +€39,438 | +45.0% |
| Stocks | 30/36 | €87,563 | €127,001 | +€39,438 | +45.0% |
| Amounts receivable within one year | 40/41 | €65,478 | €194,383 | +€128,905 | +197% |
| Trade receivables | 40 | €29,680 | €172,369 | +€142,689 | +481% |
| Other amounts receivable | 41 | €35,798 | €22,014 | -€13,784 | -38.5% |
| Cash at bank and in hand | 54/58 | €138,340 | €185,347 | +€47,007 | +34.0% |
| Deferred charges and accrued income | 490/1 | €34,309 | €21,234 | -€13,075 | -38.1% |
| Total equity and liabilities | 10/49 | €805,274 | €1,039,836 | +€234,562 | +29.1% |
| Equity | 10/15 | €697,820 | €620,606 | -€77,214 | -11.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €80,719 | €570,606 | +€489,887 | +607% |
| Non-distributable reserves | 130/1 | €146 | €146 | = | 0.0% |
| Reserves not available under the articles | 1311 | €146 | €146 | = | 0.0% |
| Distributable reserves | 133 | €80,574 | €570,461 | +€489,887 | +608% |
| Profit (loss) carried forward | 14 | €567,101 | €0 | -€567,101 | -100% |
| Amounts payable | 17/49 | €107,454 | €419,230 | +€311,776 | +290% |
| Amounts payable within one year | 42/48 | €102,616 | €415,901 | +€313,285 | +305% |
| Current portion of amounts payable after more than one year | 42 | €25,195 | €20,529 | -€4,666 | -18.5% |
| Trade debts | 44 | €11,116 | €170,136 | +€159,020 | +1,431% |
| Suppliers | 440/4 | €11,116 | €170,136 | +€159,020 | +1,431% |
| Taxes, remuneration and social security | 45 | €8,790 | €3,604 | -€5,186 | -59.0% |
| Taxes | 450/3 | €8,790 | €3,604 | -€5,186 | -59.0% |
| Other amounts payable | 47/48 | €57,515 | €221,632 | +€164,117 | +285% |
| Accrued charges and deferred income | 492/3 | €4,838 | €3,329 | -€1,509 | -31.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,256 | €9,352 | +€96 | +1.0% |
| Other operating charges | 640/8 | €992 | €650 | -€342 | -34.4% |
| Non-recurring operating charges | 66A | - | €475 | +€475 | |
| Gross operating margin | 9900 | €128,246 | €192,384 | +€64,138 | +50.0% |
| Operating profit (loss) | 9901 | €117,999 | €181,908 | +€63,909 | +54.2% |
| Financial income | 75/76B | €1 | €5 | +€4 | +702% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +702% |
| Financial charges | 65/66B | €8,598 | €6,498 | -€2,101 | -24.4% |
| Recurring financial charges | 65 | €8,598 | €6,498 | -€2,101 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €109,401 | €175,415 | +€66,014 | +60.3% |
| Income taxes | 67/77 | €36,447 | €52,628 | +€16,181 | +44.4% |
| Profit (loss) for the period | 9904 | €72,954 | €122,786 | +€49,832 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,954 | €122,786 | +€49,832 | +68.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.