CODIC HONGRIE: 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.
CODIC HONGRIE
Largest movements
- Receivables within one year -€2.5m
down €2.5m (-14.5%), from €17.2m to €14.7m
- Financial fixed assets -€229,190
no longer reported in 2024 (was €229,190)
- Cash -€195,583
down €195,583 (-89.4%), from €218,762 to €23,179
mainly Other debts (-€2.5m) and Net result for the year (-€407,643)
- Other debts -€2.5m
down €2.5m (-6.5%), from €38.8m to €36.3m
- Profit (loss) carried forward -€407,642
down €407,642 (-1.9%), from -€21.3m to -€21.7m
- Financial charges -€10.8m
down €10.8m (-66.2%), from €16.3m to €5.5m
of which Non-recurring financial charges: -€13.6m
- Financial income +€3.6m
up €3.6m (+234.7%), from €1.5m to €5.1m
of which Non-recurring financial income: +€4.0m
- Gross operating margin -€2,061
down €2,061 (-11.1%), from -€18,558 to -€20,619
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 | €17,645,432 | €14,725,107 | -€2.9m | -16.6% |
| Fixed assets | 21/28 | €229,190 | - | -€229,190 | |
| Financial fixed assets | 28 | €229,190 | - | -€229,190 | |
| Current assets | 29/58 | €17,416,242 | €14,725,107 | -€2.7m | -15.5% |
| Amounts receivable within one year | 40/41 | €17,197,480 | €14,701,928 | -€2.5m | -14.5% |
| Other amounts receivable | 41 | €17,197,480 | €14,701,928 | -€2.5m | -14.5% |
| Cash at bank and in hand | 54/58 | €218,762 | €23,179 | -€195,583 | -89.4% |
| Total equity and liabilities | 10/49 | €17,645,432 | €14,725,107 | -€2.9m | -16.6% |
| Equity | 10/15 | -€21,205,863 | -€21,613,505 | -€407,642 | -1.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,305,863 | -€21,713,505 | -€407,642 | -1.9% |
| Amounts payable | 17/49 | €38,851,295 | €36,338,612 | -€2.5m | -6.5% |
| Amounts payable within one year | 42/48 | €38,851,295 | €36,338,612 | -€2.5m | -6.5% |
| Trade debts | 44 | €12,161 | €17,367 | +€5,206 | +42.8% |
| Suppliers | 440/4 | €12,161 | €17,367 | +€5,206 | +42.8% |
| Other amounts payable | 47/48 | €38,839,134 | €36,321,245 | -€2.5m | -6.5% |
| Other operating charges | 640/8 | €960 | €968 | +€8 | +0.8% |
| Gross operating margin | 9900 | -€18,558 | -€20,619 | -€2,061 | -11.1% |
| Operating profit (loss) | 9901 | -€19,518 | -€21,587 | -€2,069 | -10.6% |
| Financial income | 75/76B | €1,525,054 | €5,104,784 | +€3.6m | +234.7% |
| Recurring financial income | 75 | €1,412,673 | €1,028,922 | -€383,751 | -27.2% |
| Non-recurring financial income | 76B | €112,381 | €4,075,862 | +€4.0m | +3526.8% |
| Financial charges | 65/66B | €16,261,478 | €5,490,840 | -€10.8m | -66.2% |
| Recurring financial charges | 65 | €2,078,764 | €4,911,559 | +€2.8m | +136.3% |
| Non-recurring financial charges | 66B | €14,182,714 | €579,281 | -€13.6m | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,755,942 | -€407,643 | +€14.3m | +97.2% |
| Profit (loss) for the period | 9904 | -€14,755,942 | -€407,643 | +€14.3m | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,755,942 | -€407,643 | +€14.3m | +97.2% |
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 9 October 2026 via checked.be.