Codic Invest RE B: 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 Invest RE B
Largest movements
- Stocks and contracts -€7.9m
down €7.9m (-45.4%), from €17.4m to €9.5m
- Current portion of long-term debt +€12.1m
new in 2024: €12.1m
- Debts after one year -€11.8m
no longer reported in 2024 (was €11.8m)
- Profit (loss) carried forward -€9.8m
down €9.8m (-20,912%), from -€46,775 to -€9.8m
- Other debts +€825,770
up €825,770 (+15.5%), from €5.3m to €6.1m
- Trade debts +€387,351
up €387,351 (+57.3%), from €676,255 to €1.1m
- Write-downs +€8.5m
new in 2024: €8.5m
- Financial charges +€652,360
up €652,360 (+233%), from €280,240 to €932,600
- Other operating charges +€458,452
up €458,452 (+119,252%), from €384 to €458,836
- Gross operating margin -€110,141
down €110,141 (-42.2%), from €261,026 to €150,885
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.
Derived cash bridge
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 | €17,933,537 | €9,707,106 | -€8.2m | -45.9% |
| Current assets | 29/58 | €17,933,537 | €9,707,106 | -€8.2m | -45.9% |
| Stocks and contracts in progress | 3 | €17,397,166 | €9,500,000 | -€7.9m | -45.4% |
| Stocks | 30/36 | €17,397,166 | €9,500,000 | -€7.9m | -45.4% |
| Amounts receivable within one year | 40/41 | €350,321 | €184,433 | -€165,888 | -47.4% |
| Trade receivables | 40 | €135,503 | €181,581 | +€46,078 | +34.0% |
| Other amounts receivable | 41 | €214,817 | €2,852 | -€211,965 | -98.7% |
| Cash at bank and in hand | 54/58 | €178,051 | - | -€178,051 | |
| Deferred charges and accrued income | 490/1 | €8,000 | €22,673 | +€14,673 | +183% |
| Total equity and liabilities | 10/49 | €17,933,537 | €9,707,106 | -€8.2m | -45.9% |
| Equity | 10/15 | -€45,775 | -€9,827,603 | -€9.8m | -21,369% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,775 | -€9,828,603 | -€9.8m | -20,912% |
| Amounts payable | 17/49 | €17,979,312 | €19,534,709 | +€1.6m | +8.7% |
| Amounts payable after more than one year | 17 | €11,800,000 | - | -€11.8m | |
| Financial debts | 170/4 | €11,800,000 | - | -€11.8m | |
| Amounts payable within one year | 42/48 | €5,997,160 | €19,331,521 | +€13.3m | +222% |
| Current portion of amounts payable after more than one year | 42 | - | €12,061,210 | +€12.1m | |
| Financial debts | 43 | - | €60,030 | +€60,030 | |
| Credit institutions | 430/8 | - | €60,030 | +€60,030 | |
| Trade debts | 44 | €676,255 | €1,063,606 | +€387,351 | +57.3% |
| Suppliers | 440/4 | €676,255 | €1,063,606 | +€387,351 | +57.3% |
| Other amounts payable | 47/48 | €5,320,905 | €6,146,675 | +€825,770 | +15.5% |
| Accrued charges and deferred income | 492/3 | €182,152 | €203,188 | +€21,036 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,541,277 | +€8.5m | |
| Other operating charges | 640/8 | €384 | €458,836 | +€458,452 | +119,252% |
| Gross operating margin | 9900 | €261,026 | €150,885 | -€110,141 | -42.2% |
| Operating profit (loss) | 9901 | €260,642 | -€8,849,228 | -€9.1m | |
| Financial charges | 65/66B | €280,240 | €932,600 | +€652,360 | +233% |
| Recurring financial charges | 65 | €280,240 | €932,600 | +€652,360 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€19,598 | -€9,781,828 | -€9.8m | -49,813% |
| Profit (loss) for the period | 9904 | -€19,598 | -€9,781,828 | -€9.8m | -49,813% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,598 | -€9,781,828 | -€9.8m | -49,813% |
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 13 October 2026 via checked.be.