KODAK1: 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.
KODAK1
Largest movements
- Cash -€59,771
down €59,771 (-58.0%), from €102,992 to €43,221
mainly Net result for the year (-€46,213) and Receivables within one year (-€7,252)
- Receivables within one year +€7,252
up €7,252 (+90.2%), from €8,042 to €15,294
- Reserves -€46,213
down €46,213 (-49.8%), from €92,714 to €46,501
of which Distributable reserves: -€46,213
- Other debts -€5,720
down €5,720 (-40.0%), from €14,310 to €8,590
- Gross operating margin -€77,205
down €77,205, from €39,064 to -€38,141
- Taxes -€3,079
no longer reported in 2025 (was €3,079)
- Depreciation +€972
up €972 (+20.1%), from €4,835 to €5,807
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 | €126,713 | €73,691 | -€53,022 | -41.8% |
| Fixed assets | 21/28 | €15,679 | €15,176 | -€503 | -3.2% |
| Tangible fixed assets | 22/27 | €15,679 | €15,176 | -€503 | -3.2% |
| Plant, machinery and equipment | 23 | €12,007 | €14,314 | +€2,307 | +19.2% |
| Furniture and vehicles | 24 | €3,672 | €862 | -€2,810 | -76.5% |
| Current assets | 29/58 | €111,034 | €58,515 | -€52,519 | -47.3% |
| Amounts receivable within one year | 40/41 | €8,042 | €15,294 | +€7,252 | +90.2% |
| Other amounts receivable | 41 | €8,042 | €15,294 | +€7,252 | +90.2% |
| Cash at bank and in hand | 54/58 | €102,992 | €43,221 | -€59,771 | -58.0% |
| Total equity and liabilities | 10/49 | €126,713 | €73,691 | -€53,022 | -41.8% |
| Equity | 10/15 | €111,314 | €65,101 | -€46,213 | -41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,714 | €46,501 | -€46,213 | -49.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,854 | €44,641 | -€46,213 | -50.9% |
| Amounts payable | 17/49 | €15,399 | €8,590 | -€6,809 | -44.2% |
| Amounts payable within one year | 42/48 | €15,399 | €8,590 | -€6,809 | -44.2% |
| Trade debts | 44 | €1,089 | - | -€1,089 | |
| Suppliers | 440/4 | €1,089 | - | -€1,089 | |
| Other amounts payable | 47/48 | €14,310 | €8,590 | -€5,720 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,835 | €5,807 | +€972 | +20.1% |
| Other operating charges | 640/8 | €2,011 | €2,265 | +€254 | +12.6% |
| Gross operating margin | 9900 | €39,064 | -€38,141 | -€77,205 | |
| Operating profit (loss) | 9901 | €32,218 | -€46,213 | -€78,431 | |
| Financial income | 75/76B | €355 | - | -€355 | |
| Recurring financial income | 75 | €355 | - | -€355 | |
| Non-recurring financial income | 76B | €355 | - | -€355 | |
| Financial charges | 65/66B | €306 | €0 | -€306 | -99.9% |
| Recurring financial charges | 65 | €306 | €0 | -€306 | -99.9% |
| Non-recurring financial charges | 66B | €306 | €0 | -€306 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €32,267 | -€46,213 | -€78,480 | |
| Income taxes | 67/77 | €3,079 | - | -€3,079 | |
| Profit (loss) for the period | 9904 | €29,188 | -€46,213 | -€75,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,188 | -€46,213 | -€75,401 |
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 10 October 2026 via checked.be.