CODIVES: 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.
CODIVES
Largest movements
- Current investments +€15,827
up €15,827 (+60.1%), from €26,351 to €42,178
- Cash +€11,049
up €11,049 (+40.1%), from €27,549 to €38,598
mainly Net result for the year (+€34,868) and Other debts (+€27,655)
- Receivables within one year -€5,571
down €5,571 (-98.6%), from €5,652 to €81
of which Trade receivables: -€5,032
- Other debts +€27,655
up €27,655 (+343.5%), from €8,050 to €35,705
- Tax, wage and social debts -€4,077
down €4,077 (-43.6%), from €9,342 to €5,265
- Financial income +€2,193
up €2,193 (+79.9%), from €2,745 to €4,938
- Taxes +€1,478
up €1,478 (+11.1%), from €13,353 to €14,831
- Gross operating margin +€591
up €591 (+1.3%), from €46,582 to €47,173
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 | €82,808 | €105,326 | +€22,518 | +27.2% |
| Current assets | 29/58 | €82,808 | €105,326 | +€22,518 | +27.2% |
| Amounts receivable after more than one year | 29 | €20,355 | €21,291 | +€936 | +4.6% |
| Other amounts receivable | 291 | €20,355 | €21,291 | +€936 | +4.6% |
| Amounts receivable within one year | 40/41 | €5,652 | €81 | -€5,571 | -98.6% |
| Trade receivables | 40 | €5,032 | - | -€5,032 | |
| Other amounts receivable | 41 | €620 | €81 | -€539 | -87.0% |
| Current investments | 50/53 | €26,351 | €42,178 | +€15,827 | +60.1% |
| Cash at bank and in hand | 54/58 | €27,549 | €38,598 | +€11,049 | +40.1% |
| Deferred charges and accrued income | 490/1 | €2,901 | €3,178 | +€277 | +9.6% |
| Total equity and liabilities | 10/49 | €82,808 | €105,326 | +€22,518 | +27.2% |
| Equity | 10/15 | €60,830 | €60,698 | -€132 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,859 | €80,859 | -€1,000 | -1.2% |
| Distributable reserves | 133 | €81,859 | €80,859 | -€1,000 | -1.2% |
| Profit (loss) carried forward | 14 | -€39,622 | -€38,753 | +€868 | +2.2% |
| Amounts payable | 17/49 | €21,978 | €44,628 | +€22,650 | +103.1% |
| Amounts payable within one year | 42/48 | €21,978 | €44,628 | +€22,650 | +103.1% |
| Trade debts | 44 | €4,586 | €3,658 | -€928 | -20.2% |
| Suppliers | 440/4 | €4,586 | €3,658 | -€928 | -20.2% |
| Taxes, remuneration and social security | 45 | €9,342 | €5,265 | -€4,077 | -43.6% |
| Taxes | 450/3 | €9,342 | €5,265 | -€4,077 | -43.6% |
| Other amounts payable | 47/48 | €8,050 | €35,705 | +€27,655 | +343.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | - | -€96 | |
| Other operating charges | 640/8 | €538 | €543 | +€5 | +0.9% |
| Gross operating margin | 9900 | €46,582 | €47,173 | +€591 | +1.3% |
| Operating profit (loss) | 9901 | €45,947 | €46,630 | +€683 | +1.5% |
| Financial income | 75/76B | €2,745 | €4,938 | +€2,193 | +79.9% |
| Recurring financial income | 75 | €2,745 | €4,938 | +€2,193 | +79.9% |
| Financial charges | 65/66B | €1,573 | €1,869 | +€296 | +18.8% |
| Recurring financial charges | 65 | €1,573 | €1,869 | +€296 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €47,119 | €49,699 | +€2,580 | +5.5% |
| Income taxes | 67/77 | €13,353 | €14,831 | +€1,478 | +11.1% |
| Profit (loss) for the period | 9904 | €33,766 | €34,868 | +€1,102 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,766 | €34,868 | +€1,102 | +3.3% |
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.