CODY ELEC: 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.
CODY ELEC
Largest movements
- Receivables within one year -€64,482
down €64,482 (-47.2%), from €136,616 to €72,134
of which Trade receivables: -€40,050
- Stocks and contracts +€38,975
up €38,975 (+158%), from €24,590 to €63,565
- Cash +€14,050
new in 2025: €14,050
mainly Receivables within one year (+€64,482) and Trade debts (+€7,030)
- Tangible fixed assets -€3,278
down €3,278 (-50.4%), from €6,508 to €3,230
of which Furniture and vehicles: -€2,473
- Deferred charges and accrued income +€2,292
up €2,292 (+55.3%), from €4,144 to €6,435
- Short-term financial debts -€7,122
no longer reported in 2025 (was €7,122)
- Trade debts +€7,030
up €7,030 (+7.6%), from €93,008 to €100,038
- Current portion of long-term debt -€5,747
down €5,747 (-73.0%), from €7,878 to €2,130
- Tax, wage and social debts -€3,230
down €3,230 (-22.7%), from €14,206 to €10,976
of which Remuneration and social security: -€2,119
- Profit (loss) carried forward -€2,922
down €2,922 (-10.2%), from €28,791 to €25,869
- Other operating charges +€30,070
up €30,070 (+3,551%), from €847 to €30,917
- Gross operating margin +€15,596
up €15,596 (+9.8%), from €158,807 to €174,403
- Staff costs -€14,497
down €14,497 (-10.1%), from €143,582 to €129,085
- Taxes +€6,447
up €6,447 (+153%), from €4,215 to €10,662
- Depreciation -€1,864
down €1,864 (-24.2%), from €7,702 to €5,838
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 | €171,907 | €159,464 | -€12,443 | -7.2% |
| Fixed assets | 21/28 | €6,557 | €3,280 | -€3,278 | -50.0% |
| Tangible fixed assets | 22/27 | €6,508 | €3,230 | -€3,278 | -50.4% |
| Plant, machinery and equipment | 23 | €1,149 | €345 | -€804 | -70.0% |
| Furniture and vehicles | 24 | €5,359 | €2,885 | -€2,473 | -46.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €165,350 | €156,185 | -€9,165 | -5.5% |
| Stocks and contracts in progress | 3 | €24,590 | €63,565 | +€38,975 | +158% |
| Stocks | 30/36 | €24,590 | €63,565 | +€38,975 | +158% |
| Amounts receivable within one year | 40/41 | €136,616 | €72,134 | -€64,482 | -47.2% |
| Trade receivables | 40 | €77,027 | €36,977 | -€40,050 | -52.0% |
| Other amounts receivable | 41 | €59,590 | €35,158 | -€24,432 | -41.0% |
| Cash at bank and in hand | 54/58 | - | €14,050 | +€14,050 | |
| Deferred charges and accrued income | 490/1 | €4,144 | €6,435 | +€2,292 | +55.3% |
| Total equity and liabilities | 10/49 | €171,907 | €159,464 | -€12,443 | -7.2% |
| Equity | 10/15 | €49,242 | €46,320 | -€2,922 | -5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,791 | €25,869 | -€2,922 | -10.2% |
| Amounts payable | 17/49 | €122,665 | €113,145 | -€9,520 | -7.8% |
| Amounts payable after more than one year | 17 | €451 | - | -€451 | |
| Financial debts | 170/4 | €451 | - | -€451 | |
| Amounts payable within one year | 42/48 | €122,214 | €113,145 | -€9,069 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €7,878 | €2,130 | -€5,747 | -73.0% |
| Financial debts | 43 | €7,122 | - | -€7,122 | |
| Credit institutions | 430/8 | €7,122 | - | -€7,122 | |
| Trade debts | 44 | €93,008 | €100,038 | +€7,030 | +7.6% |
| Suppliers | 440/4 | €93,008 | €100,038 | +€7,030 | +7.6% |
| Taxes, remuneration and social security | 45 | €14,206 | €10,976 | -€3,230 | -22.7% |
| Taxes | 450/3 | €1,111 | - | -€1,111 | |
| Remuneration and social security | 454/9 | €13,095 | €10,976 | -€2,119 | -16.2% |
| Remuneration, social security and pensions | 62 | €143,582 | €129,085 | -€14,497 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,702 | €5,838 | -€1,864 | -24.2% |
| Other operating charges | 640/8 | €847 | €30,917 | +€30,070 | +3,551% |
| Gross operating margin | 9900 | €158,807 | €174,403 | +€15,596 | +9.8% |
| Operating profit (loss) | 9901 | €6,676 | €8,563 | +€1,887 | +28.3% |
| Financial income | 75/76B | €267 | €143 | -€125 | -46.6% |
| Recurring financial income | 75 | €267 | €143 | -€125 | -46.6% |
| Financial charges | 65/66B | €1,728 | €967 | -€761 | -44.0% |
| Recurring financial charges | 65 | €1,728 | €967 | -€761 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €5,216 | €7,739 | +€2,524 | +48.4% |
| Income taxes | 67/77 | €4,215 | €10,662 | +€6,447 | +153% |
| Profit (loss) for the period | 9904 | €1,001 | -€2,922 | -€3,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,001 | -€2,922 | -€3,923 |
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 23 October 2026 via checked.be.