KODAC: 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.
KODAC
Largest movements
- Receivables within one year +€22,621
up €22,621 (+115.0%), from €19,677 to €42,298
of which Other amounts receivable: +€19,252
- Tangible fixed assets -€20,547
down €20,547 (-25.3%), from €81,197 to €60,650
of which Furniture and vehicles: -€18,133
- Cash +€3,372
up €3,372 (+6.7%), from €50,188 to €53,561
mainly Depreciation (+€25,573) and Other debts (+€25,000)
- Other debts +€25,000
new in 2025: €25,000
- Debts after one year -€13,558
down €13,558 (-41.2%), from €32,919 to €19,361
- Reserves -€11,715
down €11,715 (-13.0%), from €90,430 to €78,715
- Trade debts +€2,721
up €2,721 (+990.0%), from €275 to €2,996
- Tax, wage and social debts +€2,282
up €2,282 (+23.4%), from €9,747 to €12,029
- Gross operating margin +€6,623
up €6,623 (+14.4%), from €45,856 to €52,478
- Depreciation +€2,415
up €2,415 (+10.4%), from €23,158 to €25,573
- Taxes +€1,384
up €1,384 (+33.2%), from €4,174 to €5,559
- Financial income +€560
up €560 (+244.6%), from €229 to €790
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 | €151,396 | €156,659 | +€5,262 | +3.5% |
| Fixed assets | 21/28 | €81,197 | €60,650 | -€20,547 | -25.3% |
| Tangible fixed assets | 22/27 | €81,197 | €60,650 | -€20,547 | -25.3% |
| Furniture and vehicles | 24 | €61,058 | €42,925 | -€18,133 | -29.7% |
| Other tangible fixed assets | 26 | €20,139 | €17,725 | -€2,414 | -12.0% |
| Current assets | 29/58 | €70,200 | €96,009 | +€25,809 | +36.8% |
| Amounts receivable within one year | 40/41 | €19,677 | €42,298 | +€22,621 | +115.0% |
| Trade receivables | 40 | €12,656 | €16,025 | +€3,369 | +26.6% |
| Other amounts receivable | 41 | €7,021 | €26,273 | +€19,252 | +274.2% |
| Cash at bank and in hand | 54/58 | €50,188 | €53,561 | +€3,372 | +6.7% |
| Deferred charges and accrued income | 490/1 | €335 | €150 | -€184 | -55.1% |
| Total equity and liabilities | 10/49 | €151,396 | €156,659 | +€5,262 | +3.5% |
| Equity | 10/15 | €95,430 | €83,715 | -€11,715 | -12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,430 | €78,715 | -€11,715 | -13.0% |
| Distributable reserves | 133 | €90,430 | €78,715 | -€11,715 | -13.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,967 | €72,944 | +€16,978 | +30.3% |
| Amounts payable after more than one year | 17 | €32,919 | €19,361 | -€13,558 | -41.2% |
| Financial debts | 170/4 | €32,919 | €19,361 | -€13,558 | -41.2% |
| Amounts payable within one year | 42/48 | €23,047 | €53,583 | +€30,536 | +132.5% |
| Current portion of amounts payable after more than one year | 42 | €13,025 | €13,558 | +€533 | +4.1% |
| Trade debts | 44 | €275 | €2,996 | +€2,721 | +990.0% |
| Suppliers | 440/4 | €275 | €2,996 | +€2,721 | +990.0% |
| Taxes, remuneration and social security | 45 | €9,747 | €12,029 | +€2,282 | +23.4% |
| Taxes | 450/3 | €9,747 | €12,029 | +€2,282 | +23.4% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,158 | €25,573 | +€2,415 | +10.4% |
| Other operating charges | 640/8 | €2,614 | €2,520 | -€93 | -3.6% |
| Gross operating margin | 9900 | €45,856 | €52,478 | +€6,623 | +14.4% |
| Operating profit (loss) | 9901 | €20,083 | €24,384 | +€4,301 | +21.4% |
| Financial income | 75/76B | €229 | €790 | +€560 | +244.6% |
| Recurring financial income | 75 | €229 | €790 | +€560 | +244.6% |
| Financial charges | 65/66B | €2,368 | €1,919 | -€450 | -19.0% |
| Recurring financial charges | 65 | €2,368 | €1,919 | -€450 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €17,944 | €23,255 | +€5,311 | +29.6% |
| Income taxes | 67/77 | €4,174 | €5,559 | +€1,384 | +33.2% |
| Profit (loss) for the period | 9904 | €13,770 | €17,697 | +€3,926 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,770 | €17,697 | +€3,926 | +28.5% |
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 8 October 2026 via checked.be.