Kodawari: 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.
Kodawari
Largest movements
- Cash +€31,003
up €31,003 (+57.7%), from €53,705 to €84,708
mainly Net result for the year (+€38,721) and Depreciation (+€14,912)
- Receivables within one year +€13,672
up €13,672 (+44.5%), from €30,703 to €44,375
of which Trade receivables: +€13,821
- Tangible fixed assets -€12,640
down €12,640 (-42.4%), from €29,823 to €17,183
of which Furniture and vehicles: -€12,185
- Profit (loss) carried forward +€38,266
up €38,266, from €0 to €38,266
- Trade debts +€14,805
up €14,805 (+705.4%), from €2,099 to €16,904
- Debts after one year -€7,380
down €7,380 (-100.0%), from €7,380 to €0
- Tax, wage and social debts -€5,673
down €5,673 (-39.0%), from €14,566 to €8,892
- Other debts -€4,760
down €4,760 (-30.9%), from €15,393 to €10,633
- Gross operating margin +€13,231
up €13,231 (+25.8%), from €51,198 to €64,429
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 | €115,189 | €147,290 | +€32,101 | +27.9% |
| Fixed assets | 21/28 | €29,823 | €17,183 | -€12,640 | -42.4% |
| Tangible fixed assets | 22/27 | €29,823 | €17,183 | -€12,640 | -42.4% |
| Plant, machinery and equipment | 23 | €1,322 | €866 | -€455 | -34.4% |
| Furniture and vehicles | 24 | €28,501 | €16,316 | -€12,185 | -42.8% |
| Current assets | 29/58 | €85,366 | €130,107 | +€44,741 | +52.4% |
| Amounts receivable within one year | 40/41 | €30,703 | €44,375 | +€13,672 | +44.5% |
| Trade receivables | 40 | €30,554 | €44,375 | +€13,821 | +45.2% |
| Other amounts receivable | 41 | €149 | €0 | -€149 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,705 | €84,708 | +€31,003 | +57.7% |
| Deferred charges and accrued income | 490/1 | €957 | €1,024 | +€66 | +6.9% |
| Total equity and liabilities | 10/49 | €115,189 | €147,290 | +€32,101 | +27.9% |
| Equity | 10/15 | €64,760 | €103,481 | +€38,721 | +59.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,760 | €63,216 | +€455 | +0.7% |
| Tax-exempt reserves | 132 | €954 | €1,410 | +€455 | +47.7% |
| Distributable reserves | 133 | €61,806 | €61,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €38,266 | +€38,266 | |
| Amounts payable | 17/49 | €50,429 | €43,809 | -€6,620 | -13.1% |
| Amounts payable after more than one year | 17 | €7,380 | €0 | -€7,380 | -100.0% |
| Financial debts | 170/4 | €7,380 | €0 | -€7,380 | -100.0% |
| Amounts payable within one year | 42/48 | €43,049 | €43,809 | +€760 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,992 | €7,380 | -€3,612 | -32.9% |
| Trade debts | 44 | €2,099 | €16,904 | +€14,805 | +705.4% |
| Suppliers | 440/4 | €2,099 | €16,904 | +€14,805 | +705.4% |
| Taxes, remuneration and social security | 45 | €14,566 | €8,892 | -€5,673 | -39.0% |
| Taxes | 450/3 | €14,566 | €8,892 | -€5,673 | -39.0% |
| Other amounts payable | 47/48 | €15,393 | €10,633 | -€4,760 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,858 | €14,912 | +€54 | +0.4% |
| Other operating charges | 640/8 | €507 | €506 | -€1 | -0.3% |
| Gross operating margin | 9900 | €51,198 | €64,429 | +€13,231 | +25.8% |
| Operating profit (loss) | 9901 | €35,833 | €49,011 | +€13,178 | +36.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €346 | €262 | -€84 | -24.3% |
| Recurring financial charges | 65 | €346 | €262 | -€84 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €35,487 | €48,749 | +€13,262 | +37.4% |
| Income taxes | 67/77 | €9,983 | €10,028 | +€45 | +0.5% |
| Profit (loss) for the period | 9904 | €25,504 | €38,721 | +€13,217 | +51.8% |
| Transfer to tax-exempt reserves | 689 | €455 | €455 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,049 | €38,266 | +€13,217 | +52.8% |
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.