CoDynamics: 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.
CoDynamics
Largest movements
- Cash +€34,754
up €34,754 (+36.7%), from €94,729 to €129,483
mainly Depreciation (+€24,632) and Accrued charges and deferred income (+€15,596)
- Intangible fixed assets -€16,000
down €16,000 (-14.2%), from €112,395 to €96,395
- Receivables within one year -€4,853
down €4,853 (-87.3%), from €5,558 to €705
of which Other amounts receivable: -€5,204
- Accrued charges and deferred income +€15,596
up €15,596 (+323.9%), from €4,815 to €20,411
- Reserves +€9,950
up €9,950 (+23.1%), from €43,000 to €52,950
- Debts after one year -€9,343
down €9,343 (-5.8%), from €161,588 to €152,245
- Other debts -€7,340
down €7,340 (-68.0%), from €10,801 to €3,461
- Tax, wage and social debts +€3,083
up €3,083 (+83.3%), from €3,700 to €6,783
of which Taxes: +€2,898
- Gross operating margin -€7,446
down €7,446 (-13.7%), from €54,257 to €46,811
- Staff costs +€3,796
new in 2025: €3,796
- Depreciation -€2,869
down €2,869 (-10.4%), from €27,500 to €24,632
- Taxes -€2,362
down €2,362 (-47.8%), from €4,942 to €2,580
- Financial charges +€2,208
up €2,208 (+72.5%), from €3,046 to €5,254
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 | €248,618 | €262,805 | +€14,187 | +5.7% |
| Fixed assets | 21/28 | €145,575 | €129,806 | -€15,769 | -10.8% |
| Intangible fixed assets | 21 | €112,395 | €96,395 | -€16,000 | -14.2% |
| Tangible fixed assets | 22/27 | €33,181 | €33,412 | +€231 | +0.7% |
| Plant, machinery and equipment | 23 | €15,170 | €10,747 | -€4,423 | -29.2% |
| Furniture and vehicles | 24 | €1,794 | €8,467 | +€6,673 | +372.0% |
| Other tangible fixed assets | 26 | €16,217 | €14,198 | -€2,020 | -12.5% |
| Current assets | 29/58 | €103,042 | €132,998 | +€29,956 | +29.1% |
| Amounts receivable within one year | 40/41 | €5,558 | €705 | -€4,853 | -87.3% |
| Trade receivables | 40 | €0 | €351 | +€351 | |
| Other amounts receivable | 41 | €5,558 | €354 | -€5,204 | -93.6% |
| Cash at bank and in hand | 54/58 | €94,729 | €129,483 | +€34,754 | +36.7% |
| Deferred charges and accrued income | 490/1 | €2,756 | €2,811 | +€55 | +2.0% |
| Total equity and liabilities | 10/49 | €248,618 | €262,805 | +€14,187 | +5.7% |
| Equity | 10/15 | €58,053 | €67,992 | +€9,938 | +17.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €52,950 | +€9,950 | +23.1% |
| Distributable reserves | 133 | €43,000 | €52,950 | +€9,950 | +23.1% |
| Profit (loss) carried forward | 14 | €53 | €42 | -€12 | -22.3% |
| Amounts payable | 17/49 | €190,564 | €194,813 | +€4,249 | +2.2% |
| Amounts payable after more than one year | 17 | €161,588 | €152,245 | -€9,343 | -5.8% |
| Financial debts | 170/4 | €161,588 | €152,245 | -€9,343 | -5.8% |
| Amounts payable within one year | 42/48 | €24,161 | €22,157 | -€2,004 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €9,157 | €9,343 | +€186 | +2.0% |
| Trade debts | 44 | €503 | €2,570 | +€2,067 | +410.9% |
| Suppliers | 440/4 | €503 | €2,570 | +€2,067 | +410.9% |
| Taxes, remuneration and social security | 45 | €3,700 | €6,783 | +€3,083 | +83.3% |
| Taxes | 450/3 | €1,200 | €4,098 | +€2,898 | +241.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,684 | +€184 | +7.4% |
| Other amounts payable | 47/48 | €10,801 | €3,461 | -€7,340 | -68.0% |
| Accrued charges and deferred income | 492/3 | €4,815 | €20,411 | +€15,596 | +323.9% |
| Remuneration, social security and pensions | 62 | - | €3,796 | +€3,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €24,632 | -€2,869 | -10.4% |
| Other operating charges | 640/8 | €463 | €735 | +€272 | +58.8% |
| Gross operating margin | 9900 | €54,257 | €46,811 | -€7,446 | -13.7% |
| Operating profit (loss) | 9901 | €26,293 | €17,648 | -€8,646 | -32.9% |
| Financial income | 75/76B | €37 | €125 | +€87 | +234.9% |
| Recurring financial income | 75 | €37 | €125 | +€87 | +234.9% |
| Financial charges | 65/66B | €3,046 | €5,254 | +€2,208 | +72.5% |
| Recurring financial charges | 65 | €3,046 | €5,254 | +€2,208 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €23,284 | €12,518 | -€10,766 | -46.2% |
| Income taxes | 67/77 | €4,942 | €2,580 | -€2,362 | -47.8% |
| Profit (loss) for the period | 9904 | €18,342 | €9,938 | -€8,404 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,342 | €9,938 | -€8,404 | -45.8% |
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 4 October 2026 via checked.be.