CODIPRO: 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.
CODIPRO
Largest movements
- Current investments +€150,000
up €150,000 (+74.9%), from €200,307 to €350,307
- Cash -€67,667
down €67,667 (-25.1%), from €269,405 to €201,737
mainly Current investments (-€150,000) and Investment in fixed assets (net) (-€20,569)
- Reserves +€81,162
up €81,162 (+14.9%), from €545,343 to €626,505
- Gross operating margin -€15,127
down €15,127 (-9.7%), from €155,660 to €140,533
- Financial income +€8,685
up €8,685 (+310.2%), from €2,800 to €11,485
- Taxes -€4,423
down €4,423 (-9.7%), from €45,695 to €41,272
- Depreciation +€2,365
up €2,365 (+10.7%), from €22,156 to €24,521
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,880 | €744,989 | +€82,109 | +12.4% |
| Fixed assets | 21/28 | €190,647 | €186,695 | -€3,952 | -2.1% |
| Tangible fixed assets | 22/27 | €190,647 | €186,695 | -€3,952 | -2.1% |
| Land and buildings | 22 | €183,834 | €177,525 | -€6,309 | -3.4% |
| Plant, machinery and equipment | 23 | €2,178 | €1,634 | -€545 | -25.0% |
| Furniture and vehicles | 24 | €4,635 | €7,537 | +€2,901 | +62.6% |
| Current assets | 29/58 | €472,233 | €558,294 | +€86,062 | +18.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,173 | +€2,173 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €2,173 | +€2,173 | |
| Current investments | 50/53 | €200,307 | €350,307 | +€150,000 | +74.9% |
| Cash at bank and in hand | 54/58 | €269,405 | €201,737 | -€67,667 | -25.1% |
| Deferred charges and accrued income | 490/1 | €2,521 | €4,077 | +€1,556 | +61.7% |
| Total equity and liabilities | 10/49 | €662,880 | €744,989 | +€82,109 | +12.4% |
| Equity | 10/15 | €557,743 | €638,905 | +€81,162 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €545,343 | €626,505 | +€81,162 | +14.9% |
| Distributable reserves | 133 | €545,343 | €626,505 | +€81,162 | +14.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,136 | €106,084 | +€948 | +0.9% |
| Amounts payable within one year | 42/48 | €105,136 | €106,084 | +€948 | +0.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,315 | €13,637 | +€5,322 | +64.0% |
| Suppliers | 440/4 | €8,315 | €13,637 | +€5,322 | +64.0% |
| Taxes, remuneration and social security | 45 | €4,855 | €0 | -€4,855 | -100.0% |
| Taxes | 450/3 | €4,855 | €0 | -€4,855 | -100.0% |
| Other amounts payable | 47/48 | €91,966 | €92,447 | +€481 | +0.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,156 | €24,521 | +€2,365 | +10.7% |
| Other operating charges | 640/8 | €4,183 | €4,050 | -€134 | -3.2% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100.0% |
| Gross operating margin | 9900 | €155,660 | €140,533 | -€15,127 | -9.7% |
| Operating profit (loss) | 9901 | €128,320 | €111,962 | -€16,358 | -12.7% |
| Financial income | 75/76B | €2,800 | €11,485 | +€8,685 | +310.2% |
| Recurring financial income | 75 | €2,800 | €11,485 | +€8,685 | +310.2% |
| Financial charges | 65/66B | €149 | €1,013 | +€864 | +579.1% |
| Recurring financial charges | 65 | €149 | €1,013 | +€864 | +579.1% |
| Profit (loss) for the period before taxes | 9903 | €130,971 | €122,434 | -€8,537 | -6.5% |
| Income taxes | 67/77 | €45,695 | €41,272 | -€4,423 | -9.7% |
| Profit (loss) for the period | 9904 | €85,276 | €81,162 | -€4,114 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,276 | €81,162 | -€4,114 | -4.8% |
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 8 October 2026 via checked.be.