KODECO: 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.
KODECO
Largest movements
- Receivables within one year -€6,391
down €6,391 (-59.6%), from €10,725 to €4,335
of which Trade receivables: -€3,891
- Cash +€2,917
up €2,917 (+23.7%), from €12,295 to €15,212
mainly Net result for the year (+€9,786) and Receivables within one year (+€6,391)
- Profit (loss) carried forward +€9,786
up €9,786 (+31.3%), from -€31,279 to -€21,493
- Trade debts -€6,387
down €6,387 (-58.7%), from €10,875 to €4,488
- Debts after one year -€4,988
down €4,988 (-52.2%), from €9,560 to €4,572
- Tax, wage and social debts -€1,845
down €1,845 (-24.9%), from €7,419 to €5,575
- Gross operating margin +€15,930
up €15,930, from -€699 to €15,231
- Taxes +€2,513
new in 2025: €2,513
- Other operating charges +€1,007
up €1,007 (+46.7%), from €2,155 to €3,162
- Financial income +€217
up €217 (+45.7%), from €475 to €692
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.
Derived cash bridge
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 | €32,024 | €28,591 | -€3,434 | -10.7% |
| Fixed assets | 21/28 | €4,175 | €4,175 | = | 0.0% |
| Financial fixed assets | 28 | €4,175 | €4,175 | = | 0.0% |
| Current assets | 29/58 | €27,850 | €24,416 | -€3,434 | -12.3% |
| Stocks and contracts in progress | 3 | €3,176 | €2,932 | -€244 | -7.7% |
| Stocks | 30/36 | €3,176 | €2,932 | -€244 | -7.7% |
| Amounts receivable within one year | 40/41 | €10,725 | €4,335 | -€6,391 | -59.6% |
| Trade receivables | 40 | €8,149 | €4,258 | -€3,891 | -47.7% |
| Other amounts receivable | 41 | €2,577 | €77 | -€2,500 | -97.0% |
| Cash at bank and in hand | 54/58 | €12,295 | €15,212 | +€2,917 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,654 | €1,938 | +€284 | +17.2% |
| Total equity and liabilities | 10/49 | €32,024 | €28,591 | -€3,434 | -10.7% |
| Equity | 10/15 | €4,170 | €13,956 | +€9,786 | +235% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €3,223 | €3,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,223 | €3,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,223 | €3,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,279 | -€21,493 | +€9,786 | +31.3% |
| Amounts payable | 17/49 | €27,855 | €14,635 | -€13,220 | -47.5% |
| Amounts payable after more than one year | 17 | €9,560 | €4,572 | -€4,988 | -52.2% |
| Financial debts | 170/4 | €9,560 | €4,572 | -€4,988 | -52.2% |
| Amounts payable within one year | 42/48 | €18,294 | €10,063 | -€8,232 | -45.0% |
| Trade debts | 44 | €10,875 | €4,488 | -€6,387 | -58.7% |
| Suppliers | 440/4 | €10,875 | €4,488 | -€6,387 | -58.7% |
| Taxes, remuneration and social security | 45 | €7,419 | €5,575 | -€1,845 | -24.9% |
| Taxes | 450/3 | €7,419 | €5,575 | -€1,845 | -24.9% |
| Remuneration, social security and pensions | 62 | €106 | €78 | -€28 | -26.6% |
| Other operating charges | 640/8 | €2,155 | €3,162 | +€1,007 | +46.7% |
| Gross operating margin | 9900 | -€699 | €15,231 | +€15,930 | |
| Operating profit (loss) | 9901 | -€2,960 | €11,992 | +€14,952 | |
| Financial income | 75/76B | €475 | €692 | +€217 | +45.7% |
| Recurring financial income | 75 | €475 | €692 | +€217 | +45.7% |
| Financial charges | 65/66B | €277 | €384 | +€107 | +38.8% |
| Recurring financial charges | 65 | €277 | €384 | +€107 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,762 | €12,300 | +€15,062 | |
| Income taxes | 67/77 | - | €2,513 | +€2,513 | |
| Profit (loss) for the period | 9904 | -€2,762 | €9,786 | +€12,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,762 | €9,786 | +€12,548 |
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 19 October 2026 via checked.be.