CODIMA: what changed
CODIMA
Largest movements
- Cash +€64,761
up €64,761 (+24.3%), from €266,254 to €331,014
mainly Net result for the year (+€64,517) and Other debts (+€61,795)
- Tangible fixed assets -€25,661
down €25,661 (-35.9%), from €71,440 to €45,779
of which Furniture and vehicles: -€23,577
- Stocks and contracts +€18,362
up €18,362 (+10.1%), from €182,262 to €200,625
- Receivables within one year +€13,916
up €13,916 (+67.2%), from €20,703 to €34,618
of which Trade receivables: +€14,689
- Other debts +€61,795
up €61,795 (+24,053%), from €257 to €62,052
- Trade debts +€38,568
up €38,568 (+30.0%), from €128,548 to €167,116
- Tax, wage and social debts -€23,350
down €23,350 (-58.2%), from €40,099 to €16,749
of which Taxes: -€13,501
- Debts after one year -€10,861
no longer reported in 2025 (was €10,861)
- Gross operating margin +€83,206
up €83,206 (+71.2%), from €116,939 to €200,145
- Staff costs -€7,144
down €7,144 (-5.9%), from €120,302 to €113,157
- Financial income -€3,278
down €3,278 (-75.9%), from €4,318 to €1,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,378 | €614,660 | +€71,282 | +13.1% |
| Fixed assets | 21/28 | €71,440 | €45,779 | -€25,661 | -35.9% |
| Tangible fixed assets | 22/27 | €71,440 | €45,779 | -€25,661 | -35.9% |
| Furniture and vehicles | 24 | €69,356 | €45,779 | -€23,577 | -34.0% |
| Other tangible fixed assets | 26 | €2,084 | - | -€2,084 | |
| Current assets | 29/58 | €471,938 | €568,881 | +€96,943 | +20.5% |
| Stocks and contracts in progress | 3 | €182,262 | €200,625 | +€18,362 | +10.1% |
| Stocks | 30/36 | €182,262 | €200,625 | +€18,362 | +10.1% |
| Amounts receivable within one year | 40/41 | €20,703 | €34,618 | +€13,916 | +67.2% |
| Trade receivables | 40 | €16,895 | €31,584 | +€14,689 | +86.9% |
| Other amounts receivable | 41 | €3,808 | €3,035 | -€773 | -20.3% |
| Cash at bank and in hand | 54/58 | €266,254 | €331,014 | +€64,761 | +24.3% |
| Deferred charges and accrued income | 490/1 | €2,720 | €2,624 | -€96 | -3.5% |
| Total equity and liabilities | 10/49 | €543,378 | €614,660 | +€71,282 | +13.1% |
| Equity | 10/15 | €352,023 | €356,540 | +€4,517 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,563 | €336,080 | +€4,517 | +1.4% |
| Amounts payable | 17/49 | €191,355 | €258,120 | +€66,765 | +34.9% |
| Amounts payable after more than one year | 17 | €10,861 | - | -€10,861 | |
| Financial debts | 170/4 | €10,861 | - | -€10,861 | |
| Amounts payable within one year | 42/48 | €179,407 | €256,777 | +€77,370 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €10,503 | €10,861 | +€358 | +3.4% |
| Trade debts | 44 | €128,548 | €167,116 | +€38,568 | +30.0% |
| Suppliers | 440/4 | €128,548 | €167,116 | +€38,568 | +30.0% |
| Taxes, remuneration and social security | 45 | €40,099 | €16,749 | -€23,350 | -58.2% |
| Taxes | 450/3 | €17,522 | €4,021 | -€13,501 | -77.1% |
| Remuneration and social security | 454/9 | €22,577 | €12,728 | -€9,849 | -43.6% |
| Other amounts payable | 47/48 | €257 | €62,052 | +€61,795 | +24,053% |
| Accrued charges and deferred income | 492/3 | €1,088 | €1,343 | +€255 | +23.5% |
| Non-recurring operating income | 76A | - | €4,121 | +€4,121 | |
| Remuneration, social security and pensions | 62 | €120,302 | €113,157 | -€7,144 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,540 | €17,972 | +€431 | +2.5% |
| Other operating charges | 640/8 | €1,880 | €777 | -€1,103 | -58.7% |
| Gross operating margin | 9900 | €116,939 | €200,145 | +€83,206 | +71.2% |
| Operating profit (loss) | 9901 | -€22,783 | €68,238 | +€91,022 | |
| Financial income | 75/76B | €4,318 | €1,040 | -€3,278 | -75.9% |
| Recurring financial income | 75 | €4,318 | €1,040 | -€3,278 | -75.9% |
| Financial charges | 65/66B | €5,159 | €4,449 | -€710 | -13.8% |
| Recurring financial charges | 65 | €5,159 | €4,449 | -€710 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,625 | €64,829 | +€88,454 | |
| Income taxes | 67/77 | €385 | €312 | -€73 | -18.9% |
| Profit (loss) for the period | 9904 | -€24,010 | €64,517 | +€88,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,010 | €64,517 | +€88,527 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.