CODONESU MARIE-THERESE: 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.
CODONESU MARIE-THERESE
Largest movements
- Deferred charges and accrued income +€22,002
up €22,002 (+185%), from €11,870 to €33,872
- Receivables within one year +€8,201
new in 2025: €8,201
of which Trade receivables: +€4,532
- Trade debts +€45,234
up €45,234 (+2,384%), from €1,897 to €47,131
- Profit (loss) carried forward -€13,048
down €13,048 (-51.0%), from -€25,590 to -€38,638
- Other debts -€1,642
down €1,642 (-94.3%), from €1,742 to €100
- Gross operating margin -€16,552
down €16,552, from €11,010 to -€5,542
- Other operating charges +€5,678
up €5,678 (+669%), from €849 to €6,527
- Financial charges -€359
down €359 (-30.0%), from €1,196 to €838
of which Financial charges: -€359
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 | €22,404 | €52,950 | +€30,546 | +136% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €22,379 | €52,925 | +€30,546 | +136% |
| Amounts receivable within one year | 40/41 | - | €8,201 | +€8,201 | |
| Trade receivables | 40 | - | €4,532 | +€4,532 | |
| Other amounts receivable | 41 | - | €3,669 | +€3,669 | |
| Cash at bank and in hand | 54/58 | €10,509 | €10,852 | +€342 | +3.3% |
| Deferred charges and accrued income | 490/1 | €11,870 | €33,872 | +€22,002 | +185% |
| Total equity and liabilities | 10/49 | €22,404 | €52,950 | +€30,546 | +136% |
| Equity | 10/15 | €18,470 | €5,422 | -€13,048 | -70.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,660 | €31,660 | = | 0.0% |
| Distributable reserves | 133 | €31,660 | €31,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,590 | -€38,638 | -€13,048 | -51.0% |
| Amounts payable | 17/49 | €3,935 | €47,528 | +€43,594 | +1,108% |
| Amounts payable within one year | 42/48 | €3,921 | €47,511 | +€43,590 | +1,112% |
| Trade debts | 44 | €1,897 | €47,131 | +€45,234 | +2,384% |
| Suppliers | 440/4 | €1,897 | €47,131 | +€45,234 | +2,384% |
| Taxes, remuneration and social security | 45 | €282 | €280 | -€2 | -0.6% |
| Taxes | 450/3 | €282 | €280 | -€2 | -0.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,742 | €100 | -€1,642 | -94.3% |
| Accrued charges and deferred income | 492/3 | €14 | €17 | +€4 | +26.4% |
| Other operating charges | 640/8 | €849 | €6,527 | +€5,678 | +669% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €11,010 | -€5,542 | -€16,552 | |
| Operating profit (loss) | 9901 | €10,160 | -€12,069 | -€22,230 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,196 | €838 | -€359 | -30.0% |
| Recurring financial charges | 65 | €1,196 | €838 | -€359 | -30.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €8,964 | -€12,907 | -€21,871 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €8,824 | -€13,048 | -€21,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,824 | -€13,048 | -€21,872 |
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 26 October 2026 via checked.be.