CODRIMEX: 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.
CODRIMEX
Largest movements
- Tangible fixed assets +€896,528
up €896,528 (+101.5%), from €883,611 to €1.8m
of which Assets under construction and advance payments: +€1.1m
- Cash +€385,562
up €385,562 (+148.2%), from €260,124 to €645,686
mainly Net result for the year (+€684,451) and Debts after one year (+€629,606)
- Debts after one year +€629,606
up €629,606 (+152.5%), from €412,982 to €1.0m
- Other debts +€413,912
up €413,912 (+480.8%), from €86,089 to €500,000
- Profit (loss) carried forward +€184,451
up €184,451, from €0 to €184,451
- Current portion of long-term debt +€37,765
up €37,765 (+25.2%), from €150,129 to €187,894
- Gross operating margin +€850,011
up €850,011 (+266.1%), from €319,461 to €1.2m
- Taxes +€217,901
up €217,901 (+1307.5%), from €16,665 to €234,566
- Depreciation +€19,083
up €19,083 (+9.7%), from €196,454 to €215,536
- Financial charges +€15,938
up €15,938 (+81.5%), from €19,557 to €35,495
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 | €1,200,901 | €2,480,248 | +€1.3m | +106.5% |
| Fixed assets | 21/28 | €883,611 | €1,780,139 | +€896,528 | +101.5% |
| Tangible fixed assets | 22/27 | €883,611 | €1,780,139 | +€896,528 | +101.5% |
| Land and buildings | 22 | €179,763 | €129,817 | -€49,946 | -27.8% |
| Other tangible fixed assets | 26 | €670,180 | €492,263 | -€177,917 | -26.5% |
| Assets under construction and advance payments | 27 | €33,667 | €1,158,059 | +€1.1m | +3339.7% |
| Current assets | 29/58 | €317,290 | €700,110 | +€382,820 | +120.7% |
| Amounts receivable within one year | 40/41 | €57,161 | €54,421 | -€2,740 | -4.8% |
| Trade receivables | 40 | €55,318 | €54,421 | -€898 | -1.6% |
| Other amounts receivable | 41 | €1,843 | €0 | -€1,843 | -100.0% |
| Cash at bank and in hand | 54/58 | €260,124 | €645,686 | +€385,562 | +148.2% |
| Deferred charges and accrued income | 490/1 | €5 | €4 | -€1 | -27.9% |
| Total equity and liabilities | 10/49 | €1,200,901 | €2,480,248 | +€1.3m | +106.5% |
| Equity | 10/15 | €546,564 | €731,015 | +€184,451 | +33.7% |
| Contributions | 10/11 | €371,289 | €371,289 | = | 0.0% |
| Capital | 10 | €326,417 | €326,417 | = | 0.0% |
| Issued capital | 100 | €326,417 | €326,417 | = | 0.0% |
| Outside capital | 11 | €44,872 | €44,872 | = | 0.0% |
| Share premium | 1100/10 | €44,872 | €44,872 | = | 0.0% |
| Reserves | 13 | €175,275 | €175,275 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,642 | €32,642 | = | 0.0% |
| Legal reserve | 130 | €32,642 | €32,642 | = | 0.0% |
| Distributable reserves | 133 | €142,633 | €142,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €184,451 | +€184,451 | |
| Amounts payable | 17/49 | €654,337 | €1,749,234 | +€1.1m | +167.3% |
| Amounts payable after more than one year | 17 | €412,982 | €1,042,587 | +€629,606 | +152.5% |
| Financial debts | 170/4 | €412,982 | €1,042,587 | +€629,606 | +152.5% |
| Amounts payable within one year | 42/48 | €241,353 | €706,645 | +€465,292 | +192.8% |
| Current portion of amounts payable after more than one year | 42 | €150,129 | €187,894 | +€37,765 | +25.2% |
| Trade debts | 44 | €0 | €5,669 | +€5,669 | |
| Suppliers | 440/4 | €0 | €5,669 | +€5,669 | |
| Taxes, remuneration and social security | 45 | €5,136 | €13,082 | +€7,946 | +154.7% |
| Taxes | 450/3 | €5,136 | €13,082 | +€7,946 | +154.7% |
| Other amounts payable | 47/48 | €86,089 | €500,000 | +€413,912 | +480.8% |
| Accrued charges and deferred income | 492/3 | €2 | €1 | -€0 | -28.0% |
| Non-recurring operating income | 76A | €2,884 | €834,437 | +€831,553 | +28837.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,454 | €215,536 | +€19,083 | +9.7% |
| Other operating charges | 640/8 | €4,057 | €1,118 | -€2,939 | -72.4% |
| Gross operating margin | 9900 | €319,461 | €1,169,472 | +€850,011 | +266.1% |
| Operating profit (loss) | 9901 | €118,950 | €952,817 | +€833,867 | +701.0% |
| Financial income | 75/76B | €3,361 | €1,695 | -€1,666 | -49.6% |
| Recurring financial income | 75 | €3,361 | €1,695 | -€1,666 | -49.6% |
| Financial charges | 65/66B | €19,557 | €35,495 | +€15,938 | +81.5% |
| Recurring financial charges | 65 | €19,557 | €35,495 | +€15,938 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €102,754 | €919,017 | +€816,263 | +794.4% |
| Income taxes | 67/77 | €16,665 | €234,566 | +€217,901 | +1307.5% |
| Profit (loss) for the period | 9904 | €86,089 | €684,451 | +€598,362 | +695.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,089 | €684,451 | +€598,362 | +695.1% |
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 7 October 2026 via checked.be.