CODIVIAN: 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.
CODIVIAN
Largest movements
- Tangible fixed assets -€60,000
down €60,000 (-10.9%), from €550,000 to €490,000
- Revaluation surpluses -€51,394
down €51,394 (-11.1%), from €462,997 to €411,602
- Reserves -€11,250
down €11,250 (-5.9%), from €189,830 to €178,580
of which Tax-exempt reserves: -€11,250
- Trade debts +€8,560
up €8,560 (+2209.5%), from €387 to €8,947
- Gross operating margin -€251,994
down €251,994, from €242,134 to -€9,860
- Financial income +€4,957
up €4,957 (+123.6%), from €4,012 to €8,969
- Taxes -€2,521
down €2,521 (-90.5%), from €2,784 to €263
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 | €779,214 | €719,578 | -€59,636 | -7.7% |
| Fixed assets | 21/28 | €550,000 | €490,000 | -€60,000 | -10.9% |
| Tangible fixed assets | 22/27 | €550,000 | €490,000 | -€60,000 | -10.9% |
| Land and buildings | 22 | €550,000 | €490,000 | -€60,000 | -10.9% |
| Current assets | 29/58 | €229,214 | €229,578 | +€364 | +0.2% |
| Amounts receivable within one year | 40/41 | €228,804 | €228,773 | -€31 | 0.0% |
| Other amounts receivable | 41 | €228,804 | €228,773 | -€31 | 0.0% |
| Cash at bank and in hand | 54/58 | €22 | €489 | +€467 | +2083.7% |
| Deferred charges and accrued income | 490/1 | €387 | €316 | -€71 | -18.4% |
| Total equity and liabilities | 10/49 | €779,214 | €719,578 | -€59,636 | -7.7% |
| Equity | 10/15 | €714,829 | €652,908 | -€61,921 | -8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €462,997 | €411,602 | -€51,394 | -11.1% |
| Reserves | 13 | €189,830 | €178,580 | -€11,250 | -5.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €183,630 | €172,380 | -€11,250 | -6.1% |
| Profit (loss) carried forward | 14 | €3 | €726 | +€723 | +26588.2% |
| Provisions and deferred taxes | 16 | €61,210 | €57,460 | -€3,750 | -6.1% |
| Deferred taxes | 168 | €61,210 | €57,460 | -€3,750 | -6.1% |
| Amounts payable | 17/49 | €3,175 | €9,211 | +€6,036 | +190.1% |
| Amounts payable within one year | 42/48 | €3,175 | €9,211 | +€6,036 | +190.1% |
| Trade debts | 44 | €387 | €8,947 | +€8,560 | +2209.5% |
| Suppliers | 440/4 | €387 | €8,947 | +€8,560 | +2209.5% |
| Taxes, remuneration and social security | 45 | €2,724 | €263 | -€2,461 | -90.3% |
| Taxes | 450/3 | €2,724 | €263 | -€2,461 | -90.3% |
| Other amounts payable | 47/48 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,366 | €8,606 | -€760 | -8.1% |
| Other operating charges | 640/8 | €4,337 | €4,285 | -€52 | -1.2% |
| Gross operating margin | 9900 | €242,134 | -€9,860 | -€251,994 | |
| Operating profit (loss) | 9901 | €228,431 | -€22,750 | -€251,182 | |
| Financial income | 75/76B | €4,012 | €8,969 | +€4,957 | +123.6% |
| Recurring financial income | 75 | €4,012 | €8,969 | +€4,957 | +123.6% |
| Financial charges | 65/66B | €60 | €232 | +€172 | +283.8% |
| Recurring financial charges | 65 | €60 | €232 | +€172 | +283.8% |
| Profit (loss) for the period before taxes | 9903 | €232,383 | -€14,014 | -€246,396 | |
| Transfer from deferred taxes | 780 | - | €3,750 | +€3,750 | |
| Transfer to deferred taxes | 680 | €61,210 | - | -€61,210 | |
| Income taxes | 67/77 | €2,784 | €263 | -€2,521 | -90.5% |
| Profit (loss) for the period | 9904 | €168,388 | -€10,527 | -€178,915 | |
| Transfer from tax-exempt reserves | 789 | €23,064 | €11,250 | -€11,814 | -51.2% |
| Transfer to tax-exempt reserves | 689 | €183,630 | - | -€183,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,823 | €723 | -€7,100 | -90.8% |
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 30 September 2026 via checked.be.