CODINO: what changed
Two fiscal 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.
What changed
CODINO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€895
2024 · -€3,381+€2,486
Equity
-€15,077
2024 · -€14,182-€895
Cash
€473
2024 · €40+€433
Balance sheet total
€94,408
2024 · €280+€94,127
Largest movements
Assets
- Tangible fixed assets +€93,935
new in 2025: €93,935
Equity and liabilities
- Other debts +€94,959
up €94,959 (+656.6%), from €14,463 to €109,422
Income statement
- Gross operating margin +€2,515
up €2,515 (+90.0%), from -€2,795 to -€280
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.
Result 2024
-€3,381
Gross operating margin
+€2,515
Other operating charges
-€14
Financial income
+€0
Financial charges
-€15
Result 2025
-€895
Cash bridge derived
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.
From operations
+€94,367
Investment
-€93,935
Financing
€0
Cash 2024
€40
From operations (derived)
+€94,367
Net result for the year
-€895
Receivables within one year
+€240
Tax, wage and social debts
+€63
Other debts
+€94,959
Investment (derived)
-€93,935
Investment in fixed assets (net)
-€93,935
Cash 2025
€473
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280 | €94,408 | +€94,127 | +33561.7% |
| Fixed assets | 21/28 | - | €93,935 | +€93,935 | |
| Tangible fixed assets | 22/27 | - | €93,935 | +€93,935 | |
| Assets under construction and advance payments | 27 | - | €93,935 | +€93,935 | |
| Current assets | 29/58 | €280 | €473 | +€193 | +68.6% |
| Amounts receivable within one year | 40/41 | €240 | - | -€240 | |
| Other amounts receivable | 41 | €240 | - | -€240 | |
| Cash at bank and in hand | 54/58 | €40 | €473 | +€433 | +1070.1% |
| Total equity and liabilities | 10/49 | €280 | €94,408 | +€94,127 | +33561.7% |
| Equity | 10/15 | -€14,182 | -€15,077 | -€895 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,642 | -€35,537 | -€895 | -2.6% |
| Amounts payable | 17/49 | €14,463 | €109,484 | +€95,022 | +657.0% |
| Amounts payable within one year | 42/48 | €14,463 | €109,484 | +€95,022 | +657.0% |
| Taxes, remuneration and social security | 45 | - | €63 | +€63 | |
| Taxes | 450/3 | - | €63 | +€63 | |
| Other amounts payable | 47/48 | €14,463 | €109,422 | +€94,959 | +656.6% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | -€2,795 | -€280 | +€2,515 | +90.0% |
| Operating profit (loss) | 9901 | -€3,246 | -€745 | +€2,501 | +77.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,381 | -€895 | +€2,486 | +73.5% |
| Profit (loss) for the period | 9904 | -€3,381 | -€895 | +€2,486 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,381 | -€895 | +€2,486 | +73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.