Codri: 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.
Codri
Largest movements
- Cash -€114,170
down €114,170 (-59.0%), from €193,492 to €79,322
mainly Contributions, distributions and other (-€263,318) and Debts after one year (-€17,059)
- Tangible fixed assets -€18,991
down €18,991 (-36.5%), from €52,002 to €33,011
- Reserves -€190,000
down €190,000 (-97.3%), from €195,263 to €5,263
- Other debts +€73,403
up €73,403 (+1479.8%), from €4,960 to €78,363
- Debts after one year -€17,059
down €17,059 (-53.7%), from €31,755 to €14,696
- Gross operating margin +€7,915
up €7,915 (+7.6%), from €104,701 to €112,616
- Taxes +€2,574
up €2,574 (+15.4%), from €16,671 to €19,246
- Financial income +€1,703
new in 2025: €1,703
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 | €262,868 | €130,025 | -€132,843 | -50.5% |
| Fixed assets | 21/28 | €52,002 | €33,011 | -€18,991 | -36.5% |
| Tangible fixed assets | 22/27 | €52,002 | €33,011 | -€18,991 | -36.5% |
| Furniture and vehicles | 24 | €52,002 | €33,011 | -€18,991 | -36.5% |
| Current assets | 29/58 | €210,865 | €97,014 | -€113,852 | -54.0% |
| Amounts receivable within one year | 40/41 | €17,374 | €17,692 | +€318 | +1.8% |
| Trade receivables | 40 | €16,045 | €15,098 | -€947 | -5.9% |
| Other amounts receivable | 41 | €1,329 | €2,594 | +€1,265 | +95.2% |
| Cash at bank and in hand | 54/58 | €193,492 | €79,322 | -€114,170 | -59.0% |
| Total equity and liabilities | 10/49 | €262,868 | €130,025 | -€132,843 | -50.5% |
| Equity | 10/15 | €200,263 | €10,263 | -€190,000 | -94.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €195,263 | €5,263 | -€190,000 | -97.3% |
| Distributable reserves | 133 | €195,263 | €5,263 | -€190,000 | -97.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €62,604 | €119,761 | +€57,157 | +91.3% |
| Amounts payable after more than one year | 17 | €31,755 | €14,696 | -€17,059 | -53.7% |
| Financial debts | 170/4 | €31,755 | €14,696 | -€17,059 | -53.7% |
| Amounts payable within one year | 42/48 | €30,672 | €104,780 | +€74,108 | +241.6% |
| Current portion of amounts payable after more than one year | 42 | €16,452 | €17,059 | +€607 | +3.7% |
| Trade debts | 44 | €102 | €1,444 | +€1,342 | +1315.9% |
| Suppliers | 440/4 | €102 | €1,444 | +€1,342 | +1315.9% |
| Taxes, remuneration and social security | 45 | €9,158 | €7,914 | -€1,244 | -13.6% |
| Taxes | 450/3 | €9,158 | €7,914 | -€1,244 | -13.6% |
| Other amounts payable | 47/48 | €4,960 | €78,363 | +€73,403 | +1479.8% |
| Accrued charges and deferred income | 492/3 | €177 | €285 | +€108 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,543 | €18,991 | +€449 | +2.4% |
| Other operating charges | 640/8 | €1,111 | €1,166 | +€55 | +4.9% |
| Gross operating margin | 9900 | €104,701 | €112,616 | +€7,915 | +7.6% |
| Operating profit (loss) | 9901 | €85,047 | €92,459 | +€7,411 | +8.7% |
| Financial income | 75/76B | - | €1,703 | +€1,703 | |
| Recurring financial income | 75 | - | €1,703 | +€1,703 | |
| Financial charges | 65/66B | €2,118 | €1,598 | -€520 | -24.5% |
| Recurring financial charges | 65 | €2,118 | €1,598 | -€520 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €82,929 | €92,563 | +€9,634 | +11.6% |
| Income taxes | 67/77 | €16,671 | €19,246 | +€2,574 | +15.4% |
| Profit (loss) for the period | 9904 | €66,258 | €73,318 | +€7,060 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,258 | €73,318 | +€7,060 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.