CODUPI: 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.
CODUPI
Largest movements
- Tangible fixed assets -€9,539
down €9,539 (-21.9%), from €43,626 to €34,087
of which Furniture and vehicles: -€6,488
- Cash -€4,877
down €4,877 (-33.7%), from €14,467 to €9,590
mainly Net result for the year (-€15,738) and Tax, wage and social debts (-€4,430)
- Deferred charges and accrued income +€883
up €883 (+155%), from €570 to €1,453
- Profit (loss) carried forward -€15,738
new in 2025: -€15,738
- Tax, wage and social debts -€4,430
down €4,430 (-72.8%), from €6,083 to €1,653
- Trade debts +€4,016
up €4,016 (+68.3%), from €5,883 to €9,899
- Other debts +€2,645
new in 2025: €2,645
- Gross operating margin -€31,553
down €31,553 (-92.6%), from €34,061 to €2,508
- Taxes -€6,944
down €6,944 (-94.5%), from €7,347 to €404
- Depreciation +€3,675
up €3,675 (+36.8%), from €9,987 to €13,661
- Financial charges +€3,334
up €3,334 (+2,316%), from €144 to €3,478
- Financial income -€367
down €367 (-55.9%), from €656 to €289
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 | €69,809 | €56,303 | -€13,506 | -19.3% |
| Fixed assets | 21/28 | €43,884 | €34,146 | -€9,738 | -22.2% |
| Intangible fixed assets | 21 | €258 | €59 | -€199 | -77.2% |
| Tangible fixed assets | 22/27 | €43,626 | €34,087 | -€9,539 | -21.9% |
| Plant, machinery and equipment | 23 | €24,112 | €21,060 | -€3,051 | -12.7% |
| Furniture and vehicles | 24 | €19,514 | €13,026 | -€6,488 | -33.2% |
| Current assets | 29/58 | €25,925 | €22,158 | -€3,767 | -14.5% |
| Amounts receivable within one year | 40/41 | €10,888 | €11,115 | +€226 | +2.1% |
| Trade receivables | 40 | €1,535 | €1,607 | +€71 | +4.6% |
| Other amounts receivable | 41 | €9,353 | €9,508 | +€155 | +1.7% |
| Cash at bank and in hand | 54/58 | €14,467 | €9,590 | -€4,877 | -33.7% |
| Deferred charges and accrued income | 490/1 | €570 | €1,453 | +€883 | +155% |
| Total equity and liabilities | 10/49 | €69,809 | €56,303 | -€13,506 | -19.3% |
| Equity | 10/15 | €57,843 | €42,106 | -€15,738 | -27.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,251 | €39,251 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,382 | €6,382 | = | 0.0% |
| Distributable reserves | 133 | €32,869 | €32,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,738 | -€15,738 | |
| Amounts payable | 17/49 | €11,966 | €14,198 | +€2,232 | +18.7% |
| Amounts payable within one year | 42/48 | €11,966 | €14,198 | +€2,232 | +18.7% |
| Trade debts | 44 | €5,883 | €9,899 | +€4,016 | +68.3% |
| Suppliers | 440/4 | €5,883 | €9,899 | +€4,016 | +68.3% |
| Taxes, remuneration and social security | 45 | €6,083 | €1,653 | -€4,430 | -72.8% |
| Taxes | 450/3 | €6,083 | €1,653 | -€4,430 | -72.8% |
| Other amounts payable | 47/48 | - | €2,645 | +€2,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,987 | €13,661 | +€3,675 | +36.8% |
| Other operating charges | 640/8 | €899 | €992 | +€93 | +10.3% |
| Gross operating margin | 9900 | €34,061 | €2,508 | -€31,553 | -92.6% |
| Operating profit (loss) | 9901 | €23,176 | -€12,145 | -€35,321 | |
| Financial income | 75/76B | €656 | €289 | -€367 | -55.9% |
| Recurring financial income | 75 | €656 | €289 | -€367 | -55.9% |
| Financial charges | 65/66B | €144 | €3,478 | +€3,334 | +2,316% |
| Recurring financial charges | 65 | €144 | €3,478 | +€3,334 | +2,316% |
| Profit (loss) for the period before taxes | 9903 | €23,688 | -€15,334 | -€39,022 | |
| Income taxes | 67/77 | €7,347 | €404 | -€6,944 | -94.5% |
| Profit (loss) for the period | 9904 | €16,340 | -€15,738 | -€32,078 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,340 | -€15,738 | -€32,078 |
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 21 October 2026 via checked.be.