KODAUKSTE: 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.
KODAUKSTE
Largest movements
- Cash -€8,771
down €8,771 (-21.7%), from €40,328 to €31,557
mainly Contributions, distributions and other (-€29,000) and Debts after one year (-€12,473)
- Intangible fixed assets -€8,571
down €8,571 (-21.8%), from €39,261 to €30,689
- Tangible fixed assets +€4,361
up €4,361 (+143.6%), from €3,037 to €7,398
of which Furniture and vehicles: +€4,571
- Debts after one year -€12,473
down €12,473 (-46.8%), from €26,626 to €14,153
- Profit (loss) carried forward -€8,713
down €8,713 (-28.5%), from €30,526 to €21,813
- Tax, wage and social debts +€8,278
up €8,278 (+59.9%), from €13,821 to €22,099
- Other debts -€1,208
down €1,208 (-73.0%), from €1,655 to €447
- Gross operating margin -€14,442
down €14,442 (-27.4%), from €52,754 to €38,312
- Taxes -€3,893
down €3,893 (-35.9%), from €10,843 to €6,950
- Other operating charges -€1,202
down €1,202 (-70.8%), from €1,698 to €496
- Depreciation -€1,175
down €1,175 (-11.5%), from €10,228 to €9,054
- Financial charges -€664
down €664 (-30.3%), from €2,189 to €1,525
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 | €107,838 | €94,645 | -€13,193 | -12.2% |
| Fixed assets | 21/28 | €42,298 | €38,088 | -€4,210 | -10.0% |
| Intangible fixed assets | 21 | €39,261 | €30,689 | -€8,571 | -21.8% |
| Tangible fixed assets | 22/27 | €3,037 | €7,398 | +€4,361 | +143.6% |
| Furniture and vehicles | 24 | €2,156 | €6,728 | +€4,571 | +212.0% |
| Other tangible fixed assets | 26 | €881 | €671 | -€210 | -23.8% |
| Current assets | 29/58 | €65,540 | €56,557 | -€8,983 | -13.7% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,000 | = | 0.0% |
| Trade receivables | 40 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,328 | €31,557 | -€8,771 | -21.7% |
| Deferred charges and accrued income | 490/1 | €212 | - | -€212 | |
| Total equity and liabilities | 10/49 | €107,838 | €94,645 | -€13,193 | -12.2% |
| Equity | 10/15 | €53,526 | €44,813 | -€8,713 | -16.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,500 | €20,500 | = | 0.0% |
| Distributable reserves | 133 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,526 | €21,813 | -€8,713 | -28.5% |
| Amounts payable | 17/49 | €54,312 | €49,832 | -€4,480 | -8.2% |
| Amounts payable after more than one year | 17 | €26,626 | €14,153 | -€12,473 | -46.8% |
| Financial debts | 170/4 | €26,626 | €14,153 | -€12,473 | -46.8% |
| Amounts payable within one year | 42/48 | €27,685 | €35,678 | +€7,993 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €11,931 | €12,450 | +€519 | +4.4% |
| Trade debts | 44 | €278 | €681 | +€404 | +145.5% |
| Suppliers | 440/4 | €278 | €681 | +€404 | +145.5% |
| Taxes, remuneration and social security | 45 | €13,821 | €22,099 | +€8,278 | +59.9% |
| Taxes | 450/3 | €13,821 | €22,099 | +€8,278 | +59.9% |
| Other amounts payable | 47/48 | €1,655 | €447 | -€1,208 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,228 | €9,054 | -€1,175 | -11.5% |
| Other operating charges | 640/8 | €1,698 | €496 | -€1,202 | -70.8% |
| Gross operating margin | 9900 | €52,754 | €38,312 | -€14,442 | -27.4% |
| Operating profit (loss) | 9901 | €40,828 | €28,763 | -€12,065 | -29.6% |
| Financial charges | 65/66B | €2,189 | €1,525 | -€664 | -30.3% |
| Recurring financial charges | 65 | €2,189 | €1,525 | -€664 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €38,639 | €27,237 | -€11,401 | -29.5% |
| Income taxes | 67/77 | €10,843 | €6,950 | -€3,893 | -35.9% |
| Profit (loss) for the period | 9904 | €27,796 | €20,287 | -€7,509 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,796 | €20,287 | -€7,509 | -27.0% |
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 12 October 2026 via checked.be.