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
- Tangible fixed assets -€71,129
down €71,129 (-4.3%), from €1.7m to €1.6m
of which Land and buildings: -€73,051
- Cash -€31,658
down €31,658 (-69.0%), from €45,859 to €14,200
mainly Current portion of long-term debt (-€35,244) and Receivables within one year (-€30,153)
- Receivables within one year +€30,153
up €30,153 (+37.3%), from €80,806 to €110,959
of which Other amounts receivable: +€29,994
- Current portion of long-term debt -€35,244
down €35,244 (-68.2%), from €51,644 to €16,400
- Reserves -€28,688
down €28,688 (-3.9%), from €738,907 to €710,219
of which Tax-exempt reserves: -€15,871
- Trade debts +€27,190
up €27,190 (+384.3%), from €7,076 to €34,266
- Gross operating margin -€11,534
down €11,534 (-18.6%), from €61,956 to €50,422
- Financial charges -€2,185
down €2,185 (-50.9%), from €4,294 to €2,109
- Depreciation -€2,004
down €2,004 (-2.4%), from €82,452 to €80,448
- Other operating charges +€1,029
up €1,029 (+10.1%), from €10,179 to €11,208
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 | €1,797,740 | €1,725,105 | -€72,634 | -4.0% |
| Fixed assets | 21/28 | €1,671,075 | €1,599,946 | -€71,129 | -4.3% |
| Tangible fixed assets | 22/27 | €1,671,075 | €1,599,946 | -€71,129 | -4.3% |
| Land and buildings | 22 | €1,651,633 | €1,578,583 | -€73,051 | -4.4% |
| Plant, machinery and equipment | 23 | €19,441 | €21,363 | +€1,922 | +9.9% |
| Current assets | 29/58 | €126,665 | €125,159 | -€1,506 | -1.2% |
| Amounts receivable within one year | 40/41 | €80,806 | €110,959 | +€30,153 | +37.3% |
| Trade receivables | 40 | - | €159 | +€159 | |
| Other amounts receivable | 41 | €80,806 | €110,800 | +€29,994 | +37.1% |
| Cash at bank and in hand | 54/58 | €45,859 | €14,200 | -€31,658 | -69.0% |
| Total equity and liabilities | 10/49 | €1,797,740 | €1,725,105 | -€72,634 | -4.0% |
| Equity | 10/15 | €1,629,361 | €1,600,672 | -€28,688 | -1.8% |
| Contributions | 10/11 | €890,454 | €890,454 | = | 0.0% |
| Reserves | 13 | €738,907 | €710,219 | -€28,688 | -3.9% |
| Tax-exempt reserves | 132 | €46,663 | €30,792 | -€15,871 | -34.0% |
| Distributable reserves | 133 | €692,244 | €679,426 | -€12,818 | -1.9% |
| Provisions and deferred taxes | 16 | €43,995 | €29,343 | -€14,652 | -33.3% |
| Deferred taxes | 168 | €43,995 | €29,343 | -€14,652 | -33.3% |
| Amounts payable | 17/49 | €124,384 | €95,090 | -€29,294 | -23.6% |
| Amounts payable after more than one year | 17 | €17,137 | €579 | -€16,558 | -96.6% |
| Financial debts | 170/4 | €16,400 | - | -€16,400 | |
| Other amounts payable | 178/9 | €737 | €579 | -€158 | -21.4% |
| Amounts payable within one year | 42/48 | €106,036 | €94,511 | -€11,525 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €51,644 | €16,400 | -€35,244 | -68.2% |
| Trade debts | 44 | €7,076 | €34,266 | +€27,190 | +384.3% |
| Suppliers | 440/4 | €7,076 | €34,266 | +€27,190 | +384.3% |
| Advances received on contracts in progress | 46 | €40,000 | €40,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,316 | €3,845 | -€3,471 | -47.4% |
| Taxes | 450/3 | €7,316 | €3,845 | -€3,471 | -47.4% |
| Accrued charges and deferred income | 492/3 | €1,212 | - | -€1,212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,452 | €80,448 | -€2,004 | -2.4% |
| Other operating charges | 640/8 | €10,179 | €11,208 | +€1,029 | +10.1% |
| Gross operating margin | 9900 | €61,956 | €50,422 | -€11,534 | -18.6% |
| Operating profit (loss) | 9901 | -€30,675 | -€41,234 | -€10,559 | -34.4% |
| Financial income | 75/76B | €2 | €3 | +€0 | +4.5% |
| Recurring financial income | 75 | €2 | €3 | +€0 | +4.5% |
| Financial charges | 65/66B | €4,294 | €2,109 | -€2,185 | -50.9% |
| Recurring financial charges | 65 | €4,294 | €2,109 | -€2,185 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,967 | -€43,340 | -€8,374 | -23.9% |
| Transfer from deferred taxes | 780 | €14,652 | €14,652 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€20,315 | -€28,688 | -€8,374 | -41.2% |
| Transfer from tax-exempt reserves | 789 | €15,871 | €15,871 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,444 | -€12,818 | -€8,374 | -188.4% |
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 6 October 2026 via checked.be.