CODL: 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.
CODL
Largest movements
- Tangible fixed assets +€996,700
up €996,700 (+28.6%), from €3.5m to €4.5m
of which Land and buildings: +€988,860
- Other debts +€1.0m
up €1.0m (+57.1%), from €1.8m to €2.8m
- Depreciation -€101,134
down €101,134 (-67.2%), from €150,442 to €49,308
- Gross operating margin +€2,426
up €2,426 (+3.5%), from €70,295 to €72,721
- Financial charges -€886
down €886 (-6.6%), from €13,349 to €12,462
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,485,952 | €4,494,831 | +€1.0m | +28.9% |
| Fixed assets | 21/28 | €3,481,126 | €4,477,826 | +€996,700 | +28.6% |
| Tangible fixed assets | 22/27 | €3,481,126 | €4,477,826 | +€996,700 | +28.6% |
| Land and buildings | 22 | €3,466,599 | €4,455,460 | +€988,860 | +28.5% |
| Furniture and vehicles | 24 | €14,526 | €22,366 | +€7,840 | +54.0% |
| Current assets | 29/58 | €4,826 | €17,005 | +€12,179 | +252.4% |
| Amounts receivable within one year | 40/41 | - | €2,088 | +€2,088 | |
| Trade receivables | 40 | - | €1,750 | +€1,750 | |
| Other amounts receivable | 41 | - | €338 | +€338 | |
| Cash at bank and in hand | 54/58 | €3,840 | €5,143 | +€1,303 | +33.9% |
| Deferred charges and accrued income | 490/1 | €986 | €9,774 | +€8,788 | +891.4% |
| Total equity and liabilities | 10/49 | €3,485,952 | €4,494,831 | +€1.0m | +28.9% |
| Equity | 10/15 | €1,140,655 | €1,140,625 | -€30 | 0.0% |
| Contributions | 10/11 | €1,356,200 | €1,356,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,545 | -€215,575 | -€30 | 0.0% |
| Amounts payable | 17/49 | €2,345,296 | €3,354,205 | +€1.0m | +43.0% |
| Amounts payable after more than one year | 17 | €496,948 | €464,388 | -€32,561 | -6.6% |
| Financial debts | 170/4 | €496,948 | €464,388 | -€32,561 | -6.6% |
| Amounts payable within one year | 42/48 | €1,844,108 | €2,882,850 | +€1.0m | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €31,800 | €32,561 | +€760 | +2.4% |
| Trade debts | 44 | €1,633 | €5,750 | +€4,117 | +252.1% |
| Suppliers | 440/4 | €1,633 | €5,750 | +€4,117 | +252.1% |
| Taxes, remuneration and social security | 45 | €461 | - | -€461 | |
| Taxes | 450/3 | €461 | - | -€461 | |
| Other amounts payable | 47/48 | €1,810,214 | €2,844,540 | +€1.0m | +57.1% |
| Accrued charges and deferred income | 492/3 | €4,240 | €6,968 | +€2,728 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,442 | €49,308 | -€101,134 | -67.2% |
| Other operating charges | 640/8 | €10,623 | €10,569 | -€54 | -0.5% |
| Gross operating margin | 9900 | €70,295 | €72,721 | +€2,426 | +3.5% |
| Operating profit (loss) | 9901 | -€90,770 | €12,844 | +€103,614 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,349 | €12,462 | -€886 | -6.6% |
| Recurring financial charges | 65 | €13,349 | €12,462 | -€886 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€104,119 | €382 | +€104,501 | |
| Income taxes | 67/77 | €461 | €412 | -€49 | -10.6% |
| Profit (loss) for the period | 9904 | -€104,579 | -€30 | +€104,550 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,579 | -€30 | +€104,550 | +100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.