CODJO: 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.
CODJO
Largest movements
- Receivables within one year +€14,817
up €14,817 (+751.6%), from €1,971 to €16,788
of which Trade receivables: +€14,157
- Cash -€7,044
down €7,044 (-16.9%), from €41,581 to €34,537
mainly Contributions, distributions and other (-€34,350) and Receivables within one year (-€14,817)
- Tangible fixed assets +€1,549
up €1,549 (+197.2%), from €786 to €2,335
- Other debts +€26,850
up €26,850 (+358.0%), from €7,500 to €34,350
- Profit (loss) carried forward -€19,892
no longer reported in 2025 (was €19,892)
- Accrued charges and deferred income +€2,060
new in 2025: €2,060
- Trade debts +€1,119
up €1,119 (+105.1%), from €1,065 to €2,184
- Tax, wage and social debts -€745
down €745 (-4.7%), from €15,759 to €15,014
- Gross operating margin +€5,002
up €5,002 (+29.5%), from €16,971 to €21,973
- Taxes +€889
up €889 (+27.4%), from €3,240 to €4,129
- Depreciation +€668
up €668 (+66.4%), from €1,007 to €1,675
- Financial charges -€314
down €314 (-15.4%), from €2,034 to €1,720
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 | €46,715 | €56,108 | +€9,393 | +20.1% |
| Fixed assets | 21/28 | €1,086 | €2,635 | +€1,549 | +142.7% |
| Tangible fixed assets | 22/27 | €786 | €2,335 | +€1,549 | +197.2% |
| Furniture and vehicles | 24 | €786 | €2,335 | +€1,549 | +197.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €45,629 | €53,473 | +€7,844 | +17.2% |
| Amounts receivable within one year | 40/41 | €1,971 | €16,788 | +€14,817 | +751.6% |
| Trade receivables | 40 | - | €14,157 | +€14,157 | |
| Other amounts receivable | 41 | €1,971 | €2,631 | +€660 | +33.5% |
| Cash at bank and in hand | 54/58 | €41,581 | €34,537 | -€7,044 | -16.9% |
| Deferred charges and accrued income | 490/1 | €2,077 | €2,149 | +€71 | +3.4% |
| Total equity and liabilities | 10/49 | €46,715 | €56,108 | +€9,393 | +20.1% |
| Equity | 10/15 | €22,392 | €2,500 | -€19,892 | -88.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,892 | - | -€19,892 | |
| Amounts payable | 17/49 | €24,323 | €53,608 | +€29,285 | +120.4% |
| Amounts payable within one year | 42/48 | €24,323 | €51,548 | +€27,224 | +111.9% |
| Trade debts | 44 | €1,065 | €2,184 | +€1,119 | +105.1% |
| Suppliers | 440/4 | €1,065 | €2,184 | +€1,119 | +105.1% |
| Taxes, remuneration and social security | 45 | €15,759 | €15,014 | -€745 | -4.7% |
| Taxes | 450/3 | €15,759 | €15,014 | -€745 | -4.7% |
| Other amounts payable | 47/48 | €7,500 | €34,350 | +€26,850 | +358.0% |
| Accrued charges and deferred income | 492/3 | - | €2,060 | +€2,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €1,675 | +€668 | +66.4% |
| Gross operating margin | 9900 | €16,971 | €21,973 | +€5,002 | +29.5% |
| Operating profit (loss) | 9901 | €15,964 | €20,298 | +€4,334 | +27.1% |
| Financial income | 75/76B | €80 | €9 | -€70 | -88.2% |
| Recurring financial income | 75 | €80 | €9 | -€70 | -88.2% |
| Financial charges | 65/66B | €2,034 | €1,720 | -€314 | -15.4% |
| Recurring financial charges | 65 | €2,034 | €1,720 | -€314 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €14,010 | €18,587 | +€4,578 | +32.7% |
| Income taxes | 67/77 | €3,240 | €4,129 | +€889 | +27.4% |
| Profit (loss) for the period | 9904 | €10,769 | €14,458 | +€3,689 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,769 | €14,458 | +€3,689 | +34.3% |
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 11 October 2026 via checked.be.