KoDes: 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.
KoDes
Largest movements
- Cash -€14,660
down €14,660 (-20.6%), from €71,196 to €56,536
mainly Contributions, distributions and other (-€91,021) and Deferred charges and accrued income (-€10,458)
- Deferred charges and accrued income +€10,458
up €10,458 (+708.2%), from €1,477 to €11,934
- Receivables within one year +€2,207
up €2,207 (+15.7%), from €14,061 to €16,268
of which Other amounts receivable: +€2,998
- Other debts +€77,785
up €77,785 (+1123.7%), from €6,922 to €84,707
- Reserves -€74,327
down €74,327 (-81.7%), from €91,021 to €16,695
- Tax, wage and social debts -€6,976
down €6,976 (-69.5%), from €10,030 to €3,054
- Gross operating margin -€7,022
down €7,022 (-17.2%), from €40,824 to €33,802
- Financial charges +€1,957
up €1,957 (+213.8%), from €915 to €2,873
- Depreciation +€1,010
up €1,010 (+21.4%), from €4,714 to €5,724
- Taxes -€823
down €823 (-10.0%), from €8,228 to €7,405
- Other operating charges +€421
up €421 (+61.3%), from €686 to €1,107
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 | €115,956 | €112,880 | -€3,076 | -2.7% |
| Fixed assets | 21/28 | €29,223 | €28,142 | -€1,081 | -3.7% |
| Tangible fixed assets | 22/27 | €29,223 | €28,142 | -€1,081 | -3.7% |
| Plant, machinery and equipment | 23 | €3,586 | €2,932 | -€654 | -18.2% |
| Furniture and vehicles | 24 | €7,778 | €9,275 | +€1,497 | +19.3% |
| Other tangible fixed assets | 26 | €17,859 | €15,935 | -€1,924 | -10.8% |
| Current assets | 29/58 | €86,734 | €84,738 | -€1,995 | -2.3% |
| Amounts receivable within one year | 40/41 | €14,061 | €16,268 | +€2,207 | +15.7% |
| Trade receivables | 40 | €13,956 | €13,165 | -€791 | -5.7% |
| Other amounts receivable | 41 | €105 | €3,103 | +€2,998 | +2851.4% |
| Cash at bank and in hand | 54/58 | €71,196 | €56,536 | -€14,660 | -20.6% |
| Deferred charges and accrued income | 490/1 | €1,477 | €11,934 | +€10,458 | +708.2% |
| Total equity and liabilities | 10/49 | €115,956 | €112,880 | -€3,076 | -2.7% |
| Equity | 10/15 | €96,021 | €21,695 | -€74,327 | -77.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,021 | €16,695 | -€74,327 | -81.7% |
| Distributable reserves | 133 | €91,021 | €16,695 | -€74,327 | -81.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,935 | €91,185 | +€71,250 | +357.4% |
| Amounts payable within one year | 42/48 | €19,935 | €91,185 | +€71,250 | +357.4% |
| Financial debts | 43 | €213 | €352 | +€139 | +65.1% |
| Credit institutions | 430/8 | €213 | €352 | +€139 | +65.1% |
| Trade debts | 44 | €2,769 | €3,072 | +€303 | +10.9% |
| Suppliers | 440/4 | €2,769 | €3,072 | +€303 | +10.9% |
| Taxes, remuneration and social security | 45 | €10,030 | €3,054 | -€6,976 | -69.5% |
| Taxes | 450/3 | €10,030 | €3,054 | -€6,976 | -69.5% |
| Other amounts payable | 47/48 | €6,922 | €84,707 | +€77,785 | +1123.7% |
| Non-recurring operating income | 76A | €7,972 | €0 | -€7,972 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,714 | €5,724 | +€1,010 | +21.4% |
| Other operating charges | 640/8 | €686 | €1,107 | +€421 | +61.3% |
| Gross operating margin | 9900 | €40,824 | €33,802 | -€7,022 | -17.2% |
| Operating profit (loss) | 9901 | €35,425 | €26,972 | -€8,453 | -23.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €915 | €2,873 | +€1,957 | +213.8% |
| Recurring financial charges | 65 | €915 | €2,873 | +€1,957 | +213.8% |
| Profit (loss) for the period before taxes | 9903 | €34,509 | €24,099 | -€10,410 | -30.2% |
| Income taxes | 67/77 | €8,228 | €7,405 | -€823 | -10.0% |
| Profit (loss) for the period | 9904 | €26,282 | €16,695 | -€9,587 | -36.5% |
| Transfer from tax-exempt reserves | 789 | - | €91,021 | +€91,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,282 | €107,716 | +€81,435 | +309.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.