KODA-VISE: 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.
KODA-VISE
Largest movements
- Cash -€33,315
down €33,315 (-55.8%), from €59,751 to €26,436
mainly Net result for the year (-€59,625) and Current portion of long-term debt (-€18,612)
- Tangible fixed assets -€21,142
down €21,142 (-28.6%), from €74,047 to €52,905
of which Furniture and vehicles: -€13,214
- Deferred charges and accrued income -€10,918
down €10,918 (-94.6%), from €11,547 to €629
- Receivables within one year +€2,319
up €2,319 (+19.6%), from €11,805 to €14,124
of which Trade receivables: +€2,491
- Profit (loss) carried forward -€59,625
down €59,625, from €29,746 to -€29,878
- Trade debts +€19,382
up €19,382 (+338%), from €5,727 to €25,109
- Current portion of long-term debt -€18,612
down €18,612 (-88.6%), from €21,005 to €2,393
- Accrued charges and deferred income -€6,446
down €6,446 (-91.4%), from €7,051 to €605
- Other debts +€4,047
up €4,047 (+18.3%), from €22,145 to €26,192
- Gross operating margin -€98,260
down €98,260 (-33.2%), from €296,355 to €198,095
- Staff costs +€16,657
up €16,657 (+7.8%), from €212,745 to €229,403
- Financial charges -€7,176
down €7,176 (-66.3%), from €10,829 to €3,652
- Depreciation +€4,412
up €4,412 (+23.9%), from €18,444 to €22,856
- Provisions -€3,262
no longer reported in 2025 (was €3,262)
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 | €172,041 | €108,985 | -€63,056 | -36.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €74,047 | €52,905 | -€21,142 | -28.6% |
| Tangible fixed assets | 22/27 | €74,047 | €52,905 | -€21,142 | -28.6% |
| Plant, machinery and equipment | 23 | €17,021 | €11,000 | -€6,021 | -35.4% |
| Furniture and vehicles | 24 | €50,314 | €37,100 | -€13,214 | -26.3% |
| Other tangible fixed assets | 26 | €6,712 | €4,805 | -€1,907 | -28.4% |
| Current assets | 29/58 | €97,993 | €56,080 | -€41,914 | -42.8% |
| Stocks and contracts in progress | 3 | €14,890 | €14,890 | = | 0.0% |
| Stocks | 30/36 | €14,890 | €14,890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,805 | €14,124 | +€2,319 | +19.6% |
| Trade receivables | 40 | €11,510 | €14,001 | +€2,491 | +21.6% |
| Other amounts receivable | 41 | €295 | €124 | -€172 | -58.2% |
| Cash at bank and in hand | 54/58 | €59,751 | €26,436 | -€33,315 | -55.8% |
| Deferred charges and accrued income | 490/1 | €11,547 | €629 | -€10,918 | -94.6% |
| Total equity and liabilities | 10/49 | €172,041 | €108,985 | -€63,056 | -36.7% |
| Equity | 10/15 | €49,746 | -€9,878 | -€59,625 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,746 | -€29,878 | -€59,625 | |
| Amounts payable | 17/49 | €122,294 | €118,863 | -€3,431 | -2.8% |
| Amounts payable after more than one year | 17 | €42,393 | €40,605 | -€1,789 | -4.2% |
| Financial debts | 170/4 | €2,393 | €0 | -€2,393 | -100% |
| Other amounts payable | 178/9 | €40,000 | €40,605 | +€605 | +1.5% |
| Amounts payable within one year | 42/48 | €72,850 | €77,654 | +€4,804 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €21,005 | €2,393 | -€18,612 | -88.6% |
| Trade debts | 44 | €5,727 | €25,109 | +€19,382 | +338% |
| Suppliers | 440/4 | €5,727 | €25,109 | +€19,382 | +338% |
| Taxes, remuneration and social security | 45 | €23,972 | €23,959 | -€13 | -0.1% |
| Taxes | 450/3 | €2,579 | €3,429 | +€850 | +33.0% |
| Remuneration and social security | 454/9 | €21,393 | €20,530 | -€863 | -4.0% |
| Other amounts payable | 47/48 | €22,145 | €26,192 | +€4,047 | +18.3% |
| Accrued charges and deferred income | 492/3 | €7,051 | €605 | -€6,446 | -91.4% |
| Remuneration, social security and pensions | 62 | €212,745 | €229,403 | +€16,657 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,444 | €22,856 | +€4,412 | +23.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,262 | - | -€3,262 | |
| Other operating charges | 640/8 | €2,471 | €1,812 | -€659 | -26.7% |
| Non-recurring operating charges | 66A | €4,371 | - | -€4,371 | |
| Gross operating margin | 9900 | €296,355 | €198,095 | -€98,260 | -33.2% |
| Operating profit (loss) | 9901 | €55,061 | -€55,976 | -€111,036 | |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €10,829 | €3,652 | -€7,176 | -66.3% |
| Recurring financial charges | 65 | €10,829 | €3,652 | -€7,176 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €44,232 | -€59,625 | -€103,857 | |
| Profit (loss) for the period | 9904 | €44,232 | -€59,625 | -€103,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,232 | -€59,625 | -€103,857 |
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 24 October 2026 via checked.be.