KODEMO: 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.
KODEMO
Largest movements
- Tangible fixed assets -€154,596
down €154,596 (-73.1%), from €211,489 to €56,893
- Cash -€17,099
down €17,099 (-6.7%), from €254,916 to €237,817
mainly Contributions, distributions and other (-€148,872) and Net result for the year (-€68,251)
- Receivables within one year +€9,092
up €9,092 (+65.9%), from €13,800 to €22,893
of which Other amounts receivable: +€20,212
- Deferred charges and accrued income -€8,206
down €8,206 (-100%), from €8,206 to €0
- Reserves -€145,183
down €145,183 (-36.9%), from €393,557 to €248,374
of which Distributable reserves: -€126,369
- Other debts +€112,353
up €112,353 (+846%), from €13,277 to €125,629
- Profit (loss) carried forward -€68,251
down €68,251, from €0 to -€68,251
- Debts after one year -€31,739
down €31,739 (-100%), from €31,739 to €0
- Current portion of long-term debt -€22,860
down €22,860 (-100%), from €22,860 to €0
- Gross operating margin -€259,826
down €259,826, from €218,623 to -€41,202
- Staff costs -€52,251
down €52,251 (-100%), from €52,251 to €0
- Taxes -€35,008
down €35,008 (-99.1%), from €35,343 to €335
- Depreciation -€22,219
down €22,219 (-46.5%), from €47,816 to €25,598
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 | €488,412 | €317,612 | -€170,800 | -35.0% |
| Fixed assets | 21/28 | €211,489 | €56,902 | -€154,587 | -73.1% |
| Tangible fixed assets | 22/27 | €211,489 | €56,893 | -€154,596 | -73.1% |
| Land and buildings | 22 | €107,819 | €32,678 | -€75,141 | -69.7% |
| Plant, machinery and equipment | 23 | €22,647 | €11,702 | -€10,945 | -48.3% |
| Furniture and vehicles | 24 | €81,023 | €12,512 | -€68,510 | -84.6% |
| Financial fixed assets | 28 | - | €9 | +€9 | |
| Current assets | 29/58 | €276,923 | €260,710 | -€16,213 | -5.9% |
| Amounts receivable within one year | 40/41 | €13,800 | €22,893 | +€9,092 | +65.9% |
| Trade receivables | 40 | €11,120 | €0 | -€11,120 | -100% |
| Other amounts receivable | 41 | €2,680 | €22,893 | +€20,212 | +754% |
| Cash at bank and in hand | 54/58 | €254,916 | €237,817 | -€17,099 | -6.7% |
| Deferred charges and accrued income | 490/1 | €8,206 | €0 | -€8,206 | -100% |
| Total equity and liabilities | 10/49 | €488,412 | €317,612 | -€170,800 | -35.0% |
| Equity | 10/15 | €403,557 | €186,435 | -€217,123 | -53.8% |
| Contributions | 10/11 | €10,000 | €6,311 | -€3,689 | -36.9% |
| Reserves | 13 | €393,557 | €248,374 | -€145,183 | -36.9% |
| Tax-exempt reserves | 132 | €51,000 | €32,186 | -€18,814 | -36.9% |
| Distributable reserves | 133 | €342,557 | €216,188 | -€126,369 | -36.9% |
| Profit (loss) carried forward | 14 | €0 | -€68,251 | -€68,251 | |
| Amounts payable | 17/49 | €84,855 | €131,178 | +€46,323 | +54.6% |
| Amounts payable after more than one year | 17 | €31,739 | €0 | -€31,739 | -100% |
| Financial debts | 170/4 | €31,739 | €0 | -€31,739 | -100% |
| Amounts payable within one year | 42/48 | €53,116 | €130,302 | +€77,186 | +145% |
| Current portion of amounts payable after more than one year | 42 | €22,860 | €0 | -€22,860 | -100% |
| Trade debts | 44 | €3,786 | €2,749 | -€1,037 | -27.4% |
| Suppliers | 440/4 | €3,786 | €2,749 | -€1,037 | -27.4% |
| Taxes, remuneration and social security | 45 | €13,193 | €1,924 | -€11,270 | -85.4% |
| Taxes | 450/3 | €8,705 | €1,924 | -€6,782 | -77.9% |
| Remuneration and social security | 454/9 | €4,488 | €0 | -€4,488 | -100% |
| Other amounts payable | 47/48 | €13,277 | €125,629 | +€112,353 | +846% |
| Accrued charges and deferred income | 492/3 | - | €876 | +€876 | |
| Remuneration, social security and pensions | 62 | €52,251 | €0 | -€52,251 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,816 | €25,598 | -€22,219 | -46.5% |
| Other operating charges | 640/8 | €3,652 | €1,522 | -€2,130 | -58.3% |
| Gross operating margin | 9900 | €218,623 | -€41,202 | -€259,826 | |
| Operating profit (loss) | 9901 | €114,904 | -€68,321 | -€183,225 | |
| Financial income | 75/76B | €1,690 | €671 | -€1,019 | -60.3% |
| Recurring financial income | 75 | €1,690 | €671 | -€1,019 | -60.3% |
| Financial charges | 65/66B | €1,922 | €266 | -€1,656 | -86.2% |
| Recurring financial charges | 65 | €1,922 | €266 | -€1,656 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €114,673 | -€67,916 | -€182,589 | |
| Income taxes | 67/77 | €35,343 | €335 | -€35,008 | -99.1% |
| Profit (loss) for the period | 9904 | €79,330 | -€68,251 | -€147,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,330 | -€68,251 | -€147,581 |
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 14 October 2026 via checked.be.