KODEIK: 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.
KODEIK
Largest movements
- Stocks and contracts +€44,278
new in 2025: €44,278
- Cash -€30,946
down €30,946 (-67.3%), from €45,978 to €15,032
mainly Stocks and contracts (-€44,278) and Investment in fixed assets (net) (-€20,035)
- Receivables within one year +€8,720
up €8,720 (+39.8%), from €21,903 to €30,623
of which Other amounts receivable: +€9,209
- Tangible fixed assets +€4,931
up €4,931 (+2.6%), from €188,316 to €193,247
of which Other tangible fixed assets: +€18,302
- Reserves +€19,722
up €19,722 (+15.6%), from €126,798 to €146,520
of which Distributable reserves: +€19,722
- Other debts +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Debts after one year -€7,894
down €7,894 (-8.9%), from €88,683 to €80,789
- Tax, wage and social debts +€5,811
up €5,811 (+95.0%), from €6,117 to €11,928
- Gross operating margin +€17,629
up €17,629 (+28.3%), from €62,335 to €79,964
- Taxes +€6,671
up €6,671 (+50.3%), from €13,266 to €19,937
- Other operating charges -€2,461
down €2,461 (-39.6%), from €6,211 to €3,750
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 | €258,201 | €285,762 | +€27,561 | +10.7% |
| Fixed assets | 21/28 | €188,316 | €193,247 | +€4,931 | +2.6% |
| Tangible fixed assets | 22/27 | €188,316 | €193,247 | +€4,931 | +2.6% |
| Land and buildings | 22 | €180,438 | €169,443 | -€10,995 | -6.1% |
| Furniture and vehicles | 24 | €6,424 | €4,048 | -€2,376 | -37.0% |
| Other tangible fixed assets | 26 | €1,454 | €19,756 | +€18,302 | +1,259% |
| Current assets | 29/58 | €69,885 | €92,515 | +€22,630 | +32.4% |
| Stocks and contracts in progress | 3 | - | €44,278 | +€44,278 | |
| Stocks | 30/36 | - | €44,278 | +€44,278 | |
| Amounts receivable within one year | 40/41 | €21,903 | €30,623 | +€8,720 | +39.8% |
| Trade receivables | 40 | €12,831 | €12,342 | -€489 | -3.8% |
| Other amounts receivable | 41 | €9,072 | €18,281 | +€9,209 | +102% |
| Cash at bank and in hand | 54/58 | €45,978 | €15,032 | -€30,946 | -67.3% |
| Deferred charges and accrued income | 490/1 | €2,004 | €2,582 | +€578 | +28.9% |
| Total equity and liabilities | 10/49 | €258,201 | €285,762 | +€27,561 | +10.7% |
| Equity | 10/15 | €145,398 | €165,120 | +€19,722 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,798 | €146,520 | +€19,722 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,938 | €144,660 | +€19,722 | +15.8% |
| Amounts payable | 17/49 | €112,803 | €120,643 | +€7,840 | +6.9% |
| Amounts payable after more than one year | 17 | €88,683 | €80,789 | -€7,894 | -8.9% |
| Financial debts | 170/4 | €88,683 | €80,789 | -€7,894 | -8.9% |
| Amounts payable within one year | 42/48 | €24,120 | €39,854 | +€15,734 | +65.2% |
| Current portion of amounts payable after more than one year | 42 | €7,790 | €7,924 | +€134 | +1.7% |
| Trade debts | 44 | €213 | €1 | -€212 | -99.3% |
| Suppliers | 440/4 | €213 | €1 | -€212 | -99.3% |
| Taxes, remuneration and social security | 45 | €6,117 | €11,928 | +€5,811 | +95.0% |
| Taxes | 450/3 | €6,117 | €11,928 | +€5,811 | +95.0% |
| Other amounts payable | 47/48 | €10,000 | €20,000 | +€10,000 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,879 | €15,103 | +€224 | +1.5% |
| Other operating charges | 640/8 | €6,211 | €3,750 | -€2,461 | -39.6% |
| Gross operating margin | 9900 | €62,335 | €79,964 | +€17,629 | +28.3% |
| Operating profit (loss) | 9901 | €41,245 | €61,110 | +€19,865 | +48.2% |
| Financial income | 75/76B | €110 | €681 | +€571 | +519% |
| Recurring financial income | 75 | €110 | €681 | +€571 | +519% |
| Financial charges | 65/66B | €2,445 | €2,132 | -€313 | -12.8% |
| Recurring financial charges | 65 | €2,445 | €2,132 | -€313 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €38,910 | €59,659 | +€20,749 | +53.3% |
| Income taxes | 67/77 | €13,266 | €19,937 | +€6,671 | +50.3% |
| Profit (loss) for the period | 9904 | €25,644 | €39,722 | +€14,078 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,644 | €39,722 | +€14,078 | +54.9% |
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 16 October 2026 via checked.be.