CODIMAT BRUXELLES: 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.
CODIMAT BRUXELLES
Largest movements
- Receivables within one year +€226,518
up €226,518 (+101%), from €224,348 to €450,867
of which Trade receivables: +€226,633
- Cash -€63,120
down €63,120 (-61.2%), from €103,198 to €40,078
mainly Receivables within one year (-€226,518) and Stocks and contracts (-€46,096)
- Stocks and contracts +€46,096
up €46,096 (+78.1%), from €59,003 to €105,099
- Intangible fixed assets -€20,977
down €20,977 (-40.8%), from €51,436 to €30,460
- Deferred charges and accrued income +€9,997
up €9,997 (+9,767%), from €102 to €10,099
- Trade debts +€86,656
up €86,656 (+45.5%), from €190,388 to €277,045
- Tax, wage and social debts +€47,733
up €47,733 (+94.6%), from €50,461 to €98,195
of which Taxes: +€36,532
- Profit (loss) carried forward +€39,442
up €39,442, from -€5,008 to €34,434
- Debts after one year +€10,314
up €10,314 (+4.0%), from €257,849 to €268,163
- Gross operating margin +€183,306
up €183,306 (+47.8%), from €383,086 to €566,392
- Staff costs +€149,212
up €149,212 (+54.2%), from €275,128 to €424,340
- Taxes +€11,347
up €11,347 (+76.5%), from €14,828 to €26,174
- Financial charges +€9,978
up €9,978 (+61.3%), from €16,284 to €26,262
- Depreciation -€5,809
down €5,809 (-13.5%), from €42,883 to €37,074
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 | €514,305 | €703,308 | +€189,003 | +36.7% |
| Fixed assets | 21/28 | €127,654 | €97,165 | -€30,488 | -23.9% |
| Intangible fixed assets | 21 | €51,436 | €30,460 | -€20,977 | -40.8% |
| Tangible fixed assets | 22/27 | €63,217 | €53,706 | -€9,512 | -15.0% |
| Plant, machinery and equipment | 23 | €45,860 | €39,473 | -€6,387 | -13.9% |
| Furniture and vehicles | 24 | €17,357 | €14,233 | -€3,124 | -18.0% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €386,652 | €606,143 | +€219,491 | +56.8% |
| Stocks and contracts in progress | 3 | €59,003 | €105,099 | +€46,096 | +78.1% |
| Stocks | 30/36 | €59,003 | €105,099 | +€46,096 | +78.1% |
| Amounts receivable within one year | 40/41 | €224,348 | €450,867 | +€226,518 | +101% |
| Trade receivables | 40 | €215,250 | €441,883 | +€226,633 | +105% |
| Other amounts receivable | 41 | €9,098 | €8,984 | -€114 | -1.3% |
| Cash at bank and in hand | 54/58 | €103,198 | €40,078 | -€63,120 | -61.2% |
| Deferred charges and accrued income | 490/1 | €102 | €10,099 | +€9,997 | +9,767% |
| Total equity and liabilities | 10/49 | €514,305 | €703,308 | +€189,003 | +36.7% |
| Equity | 10/15 | €14,992 | €54,434 | +€39,442 | +263% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,008 | €34,434 | +€39,442 | |
| Amounts payable | 17/49 | €499,313 | €648,874 | +€149,561 | +30.0% |
| Amounts payable after more than one year | 17 | €257,849 | €268,163 | +€10,314 | +4.0% |
| Financial debts | 170/4 | €257,849 | €268,163 | +€10,314 | +4.0% |
| Amounts payable within one year | 42/48 | €241,464 | €380,711 | +€139,247 | +57.7% |
| Financial debts | 43 | - | €4,482 | +€4,482 | |
| Credit institutions | 430/8 | - | €4,482 | +€4,482 | |
| Trade debts | 44 | €190,388 | €277,045 | +€86,656 | +45.5% |
| Suppliers | 440/4 | €190,388 | €277,045 | +€86,656 | +45.5% |
| Taxes, remuneration and social security | 45 | €50,461 | €98,195 | +€47,733 | +94.6% |
| Taxes | 450/3 | €16,369 | €52,901 | +€36,532 | +223% |
| Remuneration and social security | 454/9 | €34,092 | €45,293 | +€11,201 | +32.9% |
| Other amounts payable | 47/48 | €614 | €989 | +€375 | +61.0% |
| Remuneration, social security and pensions | 62 | €275,128 | €424,340 | +€149,212 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,883 | €37,074 | -€5,809 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,678 | €13,667 | -€5,011 | -26.8% |
| Other operating charges | 640/8 | €2,249 | €920 | -€1,328 | -59.1% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €383,086 | €566,392 | +€183,306 | +47.8% |
| Operating profit (loss) | 9901 | €44,148 | €90,390 | +€46,243 | +105% |
| Financial income | 75/76B | €42 | €1,488 | +€1,446 | +3,444% |
| Recurring financial income | 75 | €42 | €1,488 | +€1,446 | +3,444% |
| Financial charges | 65/66B | €16,284 | €26,262 | +€9,978 | +61.3% |
| Recurring financial charges | 65 | €16,284 | €26,262 | +€9,978 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €27,906 | €65,616 | +€37,710 | +135% |
| Income taxes | 67/77 | €14,828 | €26,174 | +€11,347 | +76.5% |
| Profit (loss) for the period | 9904 | €13,078 | €39,442 | +€26,364 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €13,078 | €39,442 | +€26,364 | +202% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.