CODITECH: 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.
CODITECH
Largest movements
- Cash -€55,763
down €55,763 (-68.2%), from €81,737 to €25,974
mainly Other debts (-€63,947) and Receivables within one year (-€20,686)
- Receivables within one year +€20,686
up €20,686 (+16.4%), from €126,507 to €147,193
of which Trade receivables: +€36,042
- Tangible fixed assets -€18,930
down €18,930 (-25.0%), from €75,738 to €56,808
of which Furniture and vehicles: -€9,787
- Stocks and contracts +€17,883
up €17,883 (+12.6%), from €141,387 to €159,271
- Other debts -€63,947
down €63,947 (-51.0%), from €125,274 to €61,327
- Reserves +€36,291
up €36,291 (+24.0%), from €151,491 to €187,782
of which Distributable reserves: +€36,291
- Trade debts -€13,398
down €13,398 (-30.4%), from €44,114 to €30,715
- Tax, wage and social debts +€7,919
up €7,919 (+19.7%), from €40,240 to €48,159
of which Remuneration and social security: +€4,921
- Gross operating margin +€102,884
up €102,884 (+77.0%), from €133,623 to €236,507
- Depreciation -€81,868
down €81,868 (-80.2%), from €102,018 to €20,150
- Staff costs +€46,713
up €46,713 (+41.7%), from €112,010 to €158,722
- Other operating charges +€10,536
up €10,536 (+1,758%), from €599 to €11,135
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 | €427,336 | €390,412 | -€36,924 | -8.6% |
| Fixed assets | 21/28 | €76,959 | €56,808 | -€20,150 | -26.2% |
| Intangible fixed assets | 21 | €1,221 | €0 | -€1,221 | -100% |
| Tangible fixed assets | 22/27 | €75,738 | €56,808 | -€18,930 | -25.0% |
| Plant, machinery and equipment | 23 | €37,244 | €28,101 | -€9,143 | -24.5% |
| Furniture and vehicles | 24 | €38,494 | €28,708 | -€9,787 | -25.4% |
| Current assets | 29/58 | €350,377 | €333,604 | -€16,774 | -4.8% |
| Stocks and contracts in progress | 3 | €141,387 | €159,271 | +€17,883 | +12.6% |
| Stocks | 30/36 | €141,387 | €159,271 | +€17,883 | +12.6% |
| Amounts receivable within one year | 40/41 | €126,507 | €147,193 | +€20,686 | +16.4% |
| Trade receivables | 40 | €96,311 | €132,354 | +€36,042 | +37.4% |
| Other amounts receivable | 41 | €30,196 | €14,839 | -€15,356 | -50.9% |
| Cash at bank and in hand | 54/58 | €81,737 | €25,974 | -€55,763 | -68.2% |
| Deferred charges and accrued income | 490/1 | €746 | €1,166 | +€420 | +56.4% |
| Total equity and liabilities | 10/49 | €427,336 | €390,412 | -€36,924 | -8.6% |
| Equity | 10/15 | €212,991 | €249,282 | +€36,291 | +17.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €151,491 | €187,782 | +€36,291 | +24.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €145,341 | €181,632 | +€36,291 | +25.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €214,345 | €141,130 | -€73,215 | -34.2% |
| Amounts payable within one year | 42/48 | €209,627 | €140,202 | -€69,426 | -33.1% |
| Trade debts | 44 | €44,114 | €30,715 | -€13,398 | -30.4% |
| Suppliers | 440/4 | €44,114 | €30,715 | -€13,398 | -30.4% |
| Taxes, remuneration and social security | 45 | €40,240 | €48,159 | +€7,919 | +19.7% |
| Taxes | 450/3 | €21,492 | €24,490 | +€2,998 | +14.0% |
| Remuneration and social security | 454/9 | €18,748 | €23,669 | +€4,921 | +26.2% |
| Other amounts payable | 47/48 | €125,274 | €61,327 | -€63,947 | -51.0% |
| Accrued charges and deferred income | 492/3 | €4,718 | €928 | -€3,789 | -80.3% |
| Remuneration, social security and pensions | 62 | €112,010 | €158,722 | +€46,713 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,018 | €20,150 | -€81,868 | -80.2% |
| Other operating charges | 640/8 | €599 | €11,135 | +€10,536 | +1,758% |
| Gross operating margin | 9900 | €133,623 | €236,507 | +€102,884 | +77.0% |
| Operating profit (loss) | 9901 | -€81,004 | €46,499 | +€127,503 | |
| Financial income | 75/76B | €827 | €0 | -€827 | -100% |
| Recurring financial income | 75 | €827 | €0 | -€827 | -100% |
| Financial charges | 65/66B | €9,743 | €10,047 | +€304 | +3.1% |
| Recurring financial charges | 65 | €9,743 | €10,047 | +€304 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€89,920 | €36,452 | +€126,371 | |
| Income taxes | 67/77 | €164 | €161 | -€3 | -2.0% |
| Profit (loss) for the period | 9904 | -€90,084 | €36,291 | +€126,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,084 | €36,291 | +€126,375 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.