CODOS: 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.
CODOS
Largest movements
- Tangible fixed assets -€14,609
down €14,609 (-23.5%), from €62,097 to €47,488
of which Furniture and vehicles: -€13,385
- Cash -€9,365
down €9,365 (-26.5%), from €35,386 to €26,021
mainly Other debts (-€62,923) and Trade debts (-€14,937)
- Current investments +€6,352
up €6,352 (+1.9%), from €337,445 to €343,797
- Reserves +€72,735
up €72,735 (+21.6%), from €336,481 to €409,215
- Other debts -€62,923
no longer reported in 2025 (was €62,923)
- Trade debts -€14,937
down €14,937 (-75.1%), from €19,885 to €4,948
- Debts after one year -€7,871
down €7,871 (-28.5%), from €27,614 to €19,744
- Tax, wage and social debts -€5,186
down €5,186 (-32.2%), from €16,129 to €10,943
- Gross operating margin -€9,633
down €9,633 (-8.1%), from €119,573 to €109,940
- Financial income +€4,677
up €4,677 (+144%), from €3,237 to €7,914
- Taxes -€2,983
down €2,983 (-9.9%), from €30,016 to €27,033
- Depreciation +€2,433
up €2,433 (+19.0%), from €12,784 to €15,217
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 | €482,141 | €465,201 | -€16,940 | -3.5% |
| Fixed assets | 21/28 | €62,097 | €47,488 | -€14,609 | -23.5% |
| Tangible fixed assets | 22/27 | €62,097 | €47,488 | -€14,609 | -23.5% |
| Plant, machinery and equipment | 23 | €669 | €772 | +€103 | +15.4% |
| Furniture and vehicles | 24 | €56,805 | €43,420 | -€13,385 | -23.6% |
| Other tangible fixed assets | 26 | €4,623 | €3,296 | -€1,327 | -28.7% |
| Current assets | 29/58 | €420,044 | €417,713 | -€2,331 | -0.6% |
| Amounts receivable within one year | 40/41 | €29,309 | €29,860 | +€551 | +1.9% |
| Trade receivables | 40 | €29,308 | €26,945 | -€2,363 | -8.1% |
| Other amounts receivable | 41 | €1 | €2,915 | +€2,915 | +455,428% |
| Current investments | 50/53 | €337,445 | €343,797 | +€6,352 | +1.9% |
| Cash at bank and in hand | 54/58 | €35,386 | €26,021 | -€9,365 | -26.5% |
| Deferred charges and accrued income | 490/1 | €17,905 | €18,035 | +€131 | +0.7% |
| Total equity and liabilities | 10/49 | €482,141 | €465,201 | -€16,940 | -3.5% |
| Equity | 10/15 | €342,681 | €415,415 | +€72,735 | +21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €336,481 | €409,215 | +€72,735 | +21.6% |
| Distributable reserves | 133 | €336,481 | €409,215 | +€72,735 | +21.6% |
| Amounts payable | 17/49 | €139,460 | €49,786 | -€89,674 | -64.3% |
| Amounts payable after more than one year | 17 | €27,614 | €19,744 | -€7,871 | -28.5% |
| Financial debts | 170/4 | €27,614 | €19,744 | -€7,871 | -28.5% |
| Amounts payable within one year | 42/48 | €111,846 | €30,042 | -€81,804 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €7,538 | €7,871 | +€333 | +4.4% |
| Financial debts | 43 | €5,370 | €6,280 | +€910 | +16.9% |
| Credit institutions | 430/8 | €5,370 | €6,280 | +€910 | +16.9% |
| Trade debts | 44 | €19,885 | €4,948 | -€14,937 | -75.1% |
| Suppliers | 440/4 | €19,885 | €4,948 | -€14,937 | -75.1% |
| Taxes, remuneration and social security | 45 | €16,129 | €10,943 | -€5,186 | -32.2% |
| Taxes | 450/3 | €16,129 | €10,943 | -€5,186 | -32.2% |
| Other amounts payable | 47/48 | €62,923 | - | -€62,923 | |
| Non-recurring operating income | 76A | €12,923 | - | -€12,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,784 | €15,217 | +€2,433 | +19.0% |
| Other operating charges | 640/8 | €461 | €409 | -€52 | -11.2% |
| Gross operating margin | 9900 | €119,573 | €109,940 | -€9,633 | -8.1% |
| Operating profit (loss) | 9901 | €106,329 | €94,314 | -€12,015 | -11.3% |
| Financial income | 75/76B | €3,237 | €7,914 | +€4,677 | +144% |
| Recurring financial income | 75 | €3,237 | €7,914 | +€4,677 | +144% |
| Financial charges | 65/66B | €2,362 | €2,460 | +€98 | +4.1% |
| Recurring financial charges | 65 | €2,362 | €2,460 | +€98 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €107,204 | €99,768 | -€7,436 | -6.9% |
| Income taxes | 67/77 | €30,016 | €27,033 | -€2,983 | -9.9% |
| Profit (loss) for the period | 9904 | €77,188 | €72,735 | -€4,453 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,188 | €72,735 | -€4,453 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.