Codit holding: 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.
Codit holding
Largest movements
- Financial fixed assets +€8.4m
up €8.4m (+42.2%), from €19.8m to €28.2m
- Cash +€1.4m
up €1.4m (+93540.8%), from €1,534 to €1.4m
mainly Other debts (+€12.4m) and Receivables within one year (+€1.2m)
- Receivables within one year -€1.2m
down €1.2m (-55.2%), from €2.1m to €959,573
of which Other amounts receivable: -€1.4m
- Other debts +€12.4m
up €12.4m (+177.6%), from €7.0m to €19.4m
- Reserves -€5.1m
down €5.1m (-100.0%), from €5.1m to €0
of which Distributable reserves: -€5.1m
- Profit (loss) carried forward +€979,542
up €979,542 (+97.4%), from -€1.0m to -€25,917
- Financial charges +€3.1m
up €3.1m (+220.8%), from €1.4m to €4.5m
of which Non-recurring financial charges: +€3.2m
- Services and other goods -€503,950
down €503,950 (-21.3%), from €2.4m to €1.9m
- Other operating income -€492,185
down €492,185 (-74.1%), from €663,879 to €171,694
- Staff costs +€233,944
up €233,944 (+27.9%), from €838,876 to €1.1m
- Goods and materials -€174,854
down €174,854 (-58.0%), from €301,375 to €126,521
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 | €22,095,031 | €30,634,494 | +€8.5m | +38.6% |
| Fixed assets | 21/28 | €19,852,631 | €28,214,260 | +€8.4m | +42.1% |
| Tangible fixed assets | 22/27 | €10,038 | €5,195 | -€4,843 | -48.2% |
| Plant, machinery and equipment | 23 | €10,038 | €5,195 | -€4,843 | -48.2% |
| Financial fixed assets | 28 | €19,842,593 | €28,209,065 | +€8.4m | +42.2% |
| Affiliated companies | 280/1 | €19,842,593 | €28,209,065 | +€8.4m | +42.2% |
| Participating interests | 280 | €19,842,593 | €28,209,065 | +€8.4m | +42.2% |
| Current assets | 29/58 | €2,242,400 | €2,420,233 | +€177,834 | +7.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,142,395 | €959,573 | -€1.2m | -55.2% |
| Trade receivables | 40 | €315,812 | €523,101 | +€207,289 | +65.6% |
| Other amounts receivable | 41 | €1,826,582 | €436,471 | -€1.4m | -76.1% |
| Cash at bank and in hand | 54/58 | €1,534 | €1,436,188 | +€1.4m | +93540.8% |
| Deferred charges and accrued income | 490/1 | €98,471 | €24,472 | -€73,999 | -75.1% |
| Total equity and liabilities | 10/49 | €22,095,031 | €30,634,494 | +€8.5m | +38.6% |
| Equity | 10/15 | €14,402,696 | €10,249,311 | -€4.2m | -28.8% |
| Contributions | 10/11 | €10,275,228 | €10,275,228 | = | 0.0% |
| Reserves | 13 | €5,132,928 | €0 | -€5.1m | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,132,928 | €0 | -€5.1m | -100.0% |
| Profit (loss) carried forward | 14 | -€1,005,460 | -€25,917 | +€979,542 | +97.4% |
| Amounts payable | 17/49 | €7,692,335 | €20,385,183 | +€12.7m | +165.0% |
| Amounts payable within one year | 42/48 | €7,597,700 | €20,316,414 | +€12.7m | +167.4% |
| Trade debts | 44 | €473,840 | €772,534 | +€298,694 | +63.0% |
| Suppliers | 440/4 | €473,840 | €772,534 | +€298,694 | +63.0% |
| Taxes, remuneration and social security | 45 | €136,373 | €149,613 | +€13,240 | +9.7% |
| Taxes | 450/3 | €0 | €43 | +€43 | |
| Remuneration and social security | 454/9 | €136,373 | €149,569 | +€13,197 | +9.7% |
| Other amounts payable | 47/48 | €6,987,487 | €19,394,268 | +€12.4m | +177.6% |
| Accrued charges and deferred income | 492/3 | €94,635 | €68,769 | -€25,866 | -27.3% |
| Operating income | 70/76A | €3,819,260 | €3,335,932 | -€483,328 | -12.7% |
| Turnover | 70 | €3,155,356 | €3,164,116 | +€8,760 | +0.3% |
| Other operating income | 74 | €663,879 | €171,694 | -€492,185 | -74.1% |
| Non-recurring operating income | 76A | €25 | €122 | +€97 | +387.0% |
| Operating charges | 60/66A | €3,509,988 | €3,064,426 | -€445,562 | -12.7% |
| Goods for resale, raw materials and consumables | 60 | €301,375 | €126,521 | -€174,854 | -58.0% |
| Purchases | 600/8 | €301,375 | €126,521 | -€174,854 | -58.0% |
| Services and other goods | 61 | €2,361,970 | €1,858,020 | -€503,950 | -21.3% |
| Remuneration, social security and pensions | 62 | €838,876 | €1,072,820 | +€233,944 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,349 | €4,843 | -€506 | -9.5% |
| Other operating charges | 640/8 | €2,123 | €2,162 | +€40 | +1.9% |
| Non-recurring operating charges | 66A | €295 | €60 | -€236 | -79.8% |
| Operating profit (loss) | 9901 | €309,272 | €271,506 | -€37,766 | -12.2% |
| Financial income | 75/76B | €95,266 | €93,887 | -€1,379 | -1.4% |
| Recurring financial income | 75 | €95,266 | €39,887 | -€55,379 | -58.1% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €89,963 | €38,201 | -€51,762 | -57.5% |
| Other financial income | 752/9 | €5,303 | €1,686 | -€3,617 | -68.2% |
| Non-recurring financial income | 76B | - | €54,000 | +€54,000 | |
| Financial charges | 65/66B | €1,407,842 | €4,516,847 | +€3.1m | +220.8% |
| Recurring financial charges | 65 | €407,842 | €312,445 | -€95,398 | -23.4% |
| Debt charges | 650 | €402,509 | €310,891 | -€91,619 | -22.8% |
| Other financial charges | 652/9 | €5,333 | €1,554 | -€3,779 | -70.9% |
| Non-recurring financial charges | 66B | €1,000,000 | €4,204,402 | +€3.2m | +320.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,003,304 | -€4,151,454 | -€3.1m | -313.8% |
| Income taxes | 67/77 | €2,156 | €1,931 | -€224 | -10.4% |
| Taxes | 670/3 | €2,156 | €2,043 | -€112 | -5.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €112 | +€112 | |
| Profit (loss) for the period | 9904 | -€1,005,460 | -€4,153,385 | -€3.1m | -313.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,005,460 | -€4,153,385 | -€3.1m | -313.1% |
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 1 October 2026 via checked.be.