Kodebo: 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.
Kodebo
Largest movements
- Current investments +€92,239
up €92,239 (+92.7%), from €99,521 to €191,760
- Receivables within one year -€17,251
down €17,251 (-52.2%), from €33,061 to €15,810
of which Trade receivables: -€16,964
- Tangible fixed assets -€9,004
down €9,004 (-41.6%), from €21,629 to €12,625
of which Leasing and similar rights: -€8,249
- Reserves +€62,543
up €62,543 (+42.4%), from €147,661 to €210,204
- Tax, wage and social debts +€10,867
up €10,867 (+38.0%), from €28,586 to €39,453
- Debts after one year -€7,434
down €7,434 (-74.6%), from €9,961 to €2,527
- Financial income +€5,738
new in 2025: €5,738
of which Financial income: +€4,256
- Gross operating margin -€5,329
down €5,329 (-5.8%), from €91,142 to €85,813
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 | €200,509 | €266,450 | +€65,940 | +32.9% |
| Fixed assets | 21/28 | €21,629 | €12,625 | -€9,004 | -41.6% |
| Tangible fixed assets | 22/27 | €21,629 | €12,625 | -€9,004 | -41.6% |
| Plant, machinery and equipment | 23 | €897 | €645 | -€252 | -28.1% |
| Furniture and vehicles | 24 | €2,102 | €1,599 | -€503 | -23.9% |
| Leasing and similar rights | 25 | €18,630 | €10,381 | -€8,249 | -44.3% |
| Current assets | 29/58 | €178,880 | €253,824 | +€74,944 | +41.9% |
| Amounts receivable within one year | 40/41 | €33,061 | €15,810 | -€17,251 | -52.2% |
| Trade receivables | 40 | €32,089 | €15,125 | -€16,964 | -52.9% |
| Other amounts receivable | 41 | €972 | €685 | -€287 | -29.5% |
| Current investments | 50/53 | €99,521 | €191,760 | +€92,239 | +92.7% |
| Cash at bank and in hand | 54/58 | €46,298 | €46,254 | -€44 | -0.1% |
| Total equity and liabilities | 10/49 | €200,509 | €266,450 | +€65,940 | +32.9% |
| Equity | 10/15 | €152,661 | €215,204 | +€62,543 | +41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,661 | €210,204 | +€62,543 | +42.4% |
| Distributable reserves | 133 | €147,661 | €210,204 | +€62,543 | +42.4% |
| Amounts payable | 17/49 | €47,848 | €51,246 | +€3,398 | +7.1% |
| Amounts payable after more than one year | 17 | €9,961 | €2,527 | -€7,434 | -74.6% |
| Financial debts | 170/4 | €9,961 | €2,527 | -€7,434 | -74.6% |
| Amounts payable within one year | 42/48 | €37,673 | €48,719 | +€11,046 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €7,221 | €7,434 | +€214 | +3.0% |
| Trade debts | 44 | €1,866 | €1,832 | -€34 | -1.8% |
| Suppliers | 440/4 | €1,866 | €1,832 | -€34 | -1.8% |
| Taxes, remuneration and social security | 45 | €28,586 | €39,453 | +€10,867 | +38.0% |
| Taxes | 450/3 | €28,586 | €39,453 | +€10,867 | +38.0% |
| Accrued charges and deferred income | 492/3 | €214 | €0 | -€214 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €9,004 | -€82 | -0.9% |
| Other operating charges | 640/8 | €1,075 | €1,526 | +€451 | +42.0% |
| Gross operating margin | 9900 | €91,142 | €85,813 | -€5,329 | -5.8% |
| Operating profit (loss) | 9901 | €80,981 | €75,284 | -€5,698 | -7.0% |
| Financial income | 75/76B | - | €5,738 | +€5,738 | |
| Recurring financial income | 75 | - | €4,256 | +€4,256 | |
| Non-recurring financial income | 76B | - | €1,482 | +€1,482 | |
| Financial charges | 65/66B | €2,247 | €1,736 | -€511 | -22.7% |
| Recurring financial charges | 65 | €765 | €1,736 | +€971 | +127.0% |
| Non-recurring financial charges | 66B | €1,482 | €0 | -€1,482 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €78,735 | €79,286 | +€551 | +0.7% |
| Income taxes | 67/77 | €16,608 | €16,743 | +€134 | +0.8% |
| Profit (loss) for the period | 9904 | €62,126 | €62,543 | +€417 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,126 | €62,543 | +€417 | +0.7% |
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 6 October 2026 via checked.be.