CODROX: 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.
CODROX
Largest movements
- Cash +€8,106
up €8,106 (+24.7%), from €32,854 to €40,960
mainly Net result for the year (+€6,534) and Receivables within one year (+€1,800)
- Receivables within one year -€1,800
down €1,800 (-29.5%), from €6,093 to €4,293
of which Trade receivables: -€2,441
- Reserves +€6,500
up €6,500 (+5,213%), from €125 to €6,625
of which Distributable reserves: +€6,500
- Tax, wage and social debts -€540
down €540 (-54.9%), from €984 to €444
- Gross operating margin +€5,692
up €5,692 (+100%), from €5,682 to €11,374
- Taxes +€1,730
up €1,730 (+121%), from €1,424 to €3,154
- Write-downs +€1,244
new in 2025: €1,244
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 | €39,017 | €45,326 | +€6,309 | +16.2% |
| Current assets | 29/58 | €39,017 | €45,326 | +€6,309 | +16.2% |
| Amounts receivable within one year | 40/41 | €6,093 | €4,293 | -€1,800 | -29.5% |
| Trade receivables | 40 | €5,987 | €3,546 | -€2,441 | -40.8% |
| Other amounts receivable | 41 | €106 | €746 | +€640 | +604% |
| Cash at bank and in hand | 54/58 | €32,854 | €40,960 | +€8,106 | +24.7% |
| Deferred charges and accrued income | 490/1 | €70 | €74 | +€3 | +4.7% |
| Total equity and liabilities | 10/49 | €39,017 | €45,326 | +€6,309 | +16.2% |
| Equity | 10/15 | €37,914 | €44,448 | +€6,534 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125 | €6,625 | +€6,500 | +5,213% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Distributable reserves | 133 | - | €6,500 | +€6,500 | |
| Profit (loss) carried forward | 14 | €31,589 | €31,623 | +€34 | +0.1% |
| Amounts payable | 17/49 | €1,103 | €878 | -€225 | -20.4% |
| Amounts payable within one year | 42/48 | €1,103 | €878 | -€225 | -20.4% |
| Trade debts | 44 | €119 | €434 | +€315 | +263% |
| Suppliers | 440/4 | €119 | €434 | +€315 | +263% |
| Taxes, remuneration and social security | 45 | €984 | €444 | -€540 | -54.9% |
| Taxes | 450/3 | €984 | €444 | -€540 | -54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,244 | +€1,244 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,682 | €11,374 | +€5,692 | +100% |
| Operating profit (loss) | 9901 | €5,295 | €9,730 | +€4,436 | +83.8% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €40 | €42 | +€2 | +4.6% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €5,311 | €9,688 | +€4,377 | +82.4% |
| Income taxes | 67/77 | €1,424 | €3,154 | +€1,730 | +121% |
| Profit (loss) for the period | 9904 | €3,887 | €6,534 | +€2,647 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,887 | €6,534 | +€2,647 | +68.1% |
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 15 October 2026 via checked.be.