CODREA: 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.
CODREA
Largest movements
- Receivables within one year +€3,859
up €3,859 (+5.5%), from €69,841 to €73,700
of which Other amounts receivable: +€3,859
- Profit (loss) carried forward +€2,894
up €2,894 (+5.3%), from €54,321 to €57,215
- Tax, wage and social debts +€965
up €965 (+6.7%), from €14,402 to €15,367
- Gross operating margin -€3,982
no longer reported in 2024 (was €3,982)
- Taxes -€1,035
down €1,035 (-51.8%), from €2,000 to €965
- Financial income +€581
up €581 (+17.7%), from €3,278 to €3,859
- Depreciation -€249
no longer reported in 2024 (was €249)
- Financial charges -€170
no longer reported in 2024 (was €170)
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 | €70,899 | €74,902 | +€4,003 | +5.6% |
| Current assets | 29/58 | €70,899 | €74,902 | +€4,003 | +5.6% |
| Amounts receivable within one year | 40/41 | €69,841 | €73,700 | +€3,859 | +5.5% |
| Trade receivables | 40 | €6,692 | €6,691 | -€1 | 0.0% |
| Other amounts receivable | 41 | €63,150 | €67,009 | +€3,859 | +6.1% |
| Cash at bank and in hand | 54/58 | €1,058 | €1,058 | +€0 | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €144 | +€144 | |
| Total equity and liabilities | 10/49 | €70,899 | €74,902 | +€4,003 | +5.6% |
| Equity | 10/15 | €55,526 | €58,420 | +€2,894 | +5.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | - | €1 | +€1 | |
| Issued capital | 100 | - | €1 | +€1 | |
| Reserves | 13 | €1,204 | €1,204 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,204 | €1,204 | -€0 | 0.0% |
| Legal reserve | 130 | - | €1,204 | +€1,204 | |
| Reserves not available under the articles | 1311 | €1,204 | - | -€1,204 | |
| Profit (loss) carried forward | 14 | €54,321 | €57,215 | +€2,894 | +5.3% |
| Amounts payable | 17/49 | €15,372 | €16,482 | +€1,110 | +7.2% |
| Amounts payable within one year | 42/48 | €15,234 | €16,344 | +€1,110 | +7.3% |
| Trade debts | 44 | €832 | €977 | +€145 | +17.4% |
| Suppliers | 440/4 | €832 | €977 | +€145 | +17.4% |
| Taxes, remuneration and social security | 45 | €14,402 | €15,367 | +€965 | +6.7% |
| Taxes | 450/3 | €14,402 | €15,367 | +€965 | +6.7% |
| Accrued charges and deferred income | 492/3 | €138 | €138 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | - | -€249 | |
| Gross operating margin | 9900 | €3,982 | - | -€3,982 | |
| Operating profit (loss) | 9901 | €3,733 | - | -€3,733 | |
| Financial income | 75/76B | €3,278 | €3,859 | +€581 | +17.7% |
| Recurring financial income | 75 | €3,278 | €3,859 | +€581 | +17.7% |
| Financial charges | 65/66B | €170 | - | -€170 | |
| Recurring financial charges | 65 | €170 | - | -€170 | |
| Profit (loss) for the period before taxes | 9903 | €6,842 | €3,859 | -€2,983 | -43.6% |
| Income taxes | 67/77 | €2,000 | €965 | -€1,035 | -51.8% |
| Profit (loss) for the period | 9904 | €4,841 | €2,894 | -€1,947 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,841 | €2,894 | -€1,947 | -40.2% |
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 3 October 2026 via checked.be.