CODISCO: 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.
CODISCO
Largest movements
- Cash +€59,418
up €59,418 (+143%), from €41,606 to €101,024
mainly Net result for the year (+€48,288) and Depreciation (+€10,230)
- Tangible fixed assets -€10,230
down €10,230 (-3.1%), from €332,806 to €322,576
- Profit (loss) carried forward +€48,288
up €48,288 (+4.0%), from -€1.2m to -€1.2m
- Gross operating margin -€444,700
down €444,700 (-85.6%), from €519,636 to €74,936
- Financial charges -€119,383
down €119,383 (-99.0%), from €120,571 to €1,188
- Depreciation -€19,831
down €19,831 (-66.0%), from €30,062 to €10,230
- Other operating charges -€8,844
down €8,844 (-36.7%), from €24,075 to €15,231
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 | €378,510 | €426,798 | +€48,288 | +12.8% |
| Fixed assets | 21/28 | €336,004 | €325,774 | -€10,230 | -3.0% |
| Tangible fixed assets | 22/27 | €332,806 | €322,576 | -€10,230 | -3.1% |
| Land and buildings | 22 | €332,806 | €322,576 | -€10,230 | -3.1% |
| Financial fixed assets | 28 | €3,198 | €3,198 | = | 0.0% |
| Current assets | 29/58 | €42,506 | €101,024 | +€58,518 | +138% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,606 | €101,024 | +€59,418 | +143% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €378,510 | €426,798 | +€48,288 | +12.8% |
| Equity | 10/15 | -€865,997 | -€817,709 | +€48,288 | +5.6% |
| Contributions | 10/11 | €353,248 | €353,248 | = | 0.0% |
| Capital | 10 | €353,248 | €353,248 | = | 0.0% |
| Issued capital | 100 | €353,248 | €353,248 | = | 0.0% |
| Reserves | 13 | €3 | €3 | = | 0.0% |
| Distributable reserves | 133 | €3 | €3 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,219,248 | -€1,170,960 | +€48,288 | +4.0% |
| Amounts payable | 17/49 | €1,244,507 | €1,244,507 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,239,077 | €1,239,077 | = | 0.0% |
| Other amounts payable | 47/48 | €1,239,077 | €1,239,077 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,430 | €5,430 | = | 0.0% |
| Non-recurring operating income | 76A | €451,193 | - | -€451,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,062 | €10,230 | -€19,831 | -66.0% |
| Other operating charges | 640/8 | €24,075 | €15,231 | -€8,844 | -36.7% |
| Gross operating margin | 9900 | €519,636 | €74,936 | -€444,700 | -85.6% |
| Operating profit (loss) | 9901 | €465,500 | €49,476 | -€416,024 | -89.4% |
| Financial charges | 65/66B | €120,571 | €1,188 | -€119,383 | -99.0% |
| Recurring financial charges | 65 | €120,571 | €1,188 | -€119,383 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €344,929 | €48,288 | -€296,641 | -86.0% |
| Profit (loss) for the period | 9904 | €344,929 | €48,288 | -€296,641 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €344,929 | €48,288 | -€296,641 | -86.0% |
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 14 October 2026 via checked.be.