CODU 08: 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.
CODU 08
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+56.9%), from €2.1m to €3.3m
- Profit (loss) carried forward +€1.2m
up €1.2m (+12.1%), from €10.2m to €11.4m
- Financial income +€1.2m
up €1.2m (+1449.4%), from €81,507 to €1.3m
- Taxes +€13,469
up €13,469 (+112.8%), from €11,945 to €25,415
- Gross operating margin -€3,020
down €3,020 (-97.5%), from -€3,098 to -€6,117
- Write-downs +€730
up €730 (+25.8%), from €2,826 to €3,556
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 | €33,337,542 | €34,564,305 | +€1.2m | +3.7% |
| Fixed assets | 21/28 | €31,157,272 | €31,157,272 | = | 0.0% |
| Financial fixed assets | 28 | €31,157,272 | €31,157,272 | = | 0.0% |
| Current assets | 29/58 | €2,180,271 | €3,407,033 | +€1.2m | +56.3% |
| Amounts receivable within one year | 40/41 | €2,095,283 | €3,288,288 | +€1.2m | +56.9% |
| Other amounts receivable | 41 | €2,095,283 | €3,288,288 | +€1.2m | +56.9% |
| Cash at bank and in hand | 54/58 | €3,481 | €5,925 | +€2,444 | +70.2% |
| Deferred charges and accrued income | 490/1 | €81,507 | €112,820 | +€31,313 | +38.4% |
| Total equity and liabilities | 10/49 | €33,337,542 | €34,564,305 | +€1.2m | +3.7% |
| Equity | 10/15 | €33,323,031 | €34,549,329 | +€1.2m | +3.7% |
| Contributions | 10/11 | €22,538,245 | €22,538,245 | = | 0.0% |
| Reserves | 13 | €622,360 | €622,360 | = | 0.0% |
| Distributable reserves | 133 | €622,360 | €622,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,162,425 | €11,388,724 | +€1.2m | +12.1% |
| Amounts payable | 17/49 | €14,512 | €14,976 | +€464 | +3.2% |
| Amounts payable within one year | 42/48 | €14,512 | €14,976 | +€464 | +3.2% |
| Trade debts | 44 | €2,242 | €2,292 | +€50 | +2.2% |
| Suppliers | 440/4 | €2,242 | €2,292 | +€50 | +2.2% |
| Taxes, remuneration and social security | 45 | - | €415 | +€415 | |
| Taxes | 450/3 | - | €415 | +€415 | |
| Other amounts payable | 47/48 | €12,270 | €12,270 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,826 | €3,556 | +€730 | +25.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€3,098 | -€6,117 | -€3,020 | -97.5% |
| Operating profit (loss) | 9901 | -€6,891 | -€10,672 | -€3,780 | -54.9% |
| Financial income | 75/76B | €81,507 | €1,262,875 | +€1.2m | +1449.4% |
| Recurring financial income | 75 | €81,507 | €1,262,875 | +€1.2m | +1449.4% |
| Financial charges | 65/66B | €490 | €490 | = | 0.0% |
| Recurring financial charges | 65 | €490 | €490 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €74,126 | €1,251,713 | +€1.2m | +1588.6% |
| Income taxes | 67/77 | €11,945 | €25,415 | +€13,469 | +112.8% |
| Profit (loss) for the period | 9904 | €62,181 | €1,226,298 | +€1.2m | +1872.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,181 | €1,226,298 | +€1.2m | +1872.2% |
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 29 September 2026 via checked.be.