KODEUS: 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.
KODEUS
Largest movements
- Cash +€3,856
up €3,856 (+15.2%), from €25,288 to €29,143
mainly Tax, wage and social debts (+€5,851) and Net result for the year (+€4,392)
- Tangible fixed assets -€3,211
down €3,211 (-19.8%), from €16,180 to €12,969
- Deferred charges and accrued income -€1,325
down €1,325 (-94.1%), from €1,408 to €83
- Receivables within one year +€836
up €836 (+6.1%), from €13,656 to €14,492
of which Trade receivables: +€1,485
- Reserves -€20,793
down €20,793 (-42.7%), from €48,680 to €27,887
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€5,851
up €5,851 (+229.7%), from €2,547 to €8,398
of which Taxes: +€3,118
- Profit (loss) carried forward +€4,392
up €4,392 (+91.3%), from -€4,812 to -€420
- Other debts -€2,003
down €2,003 (-90.0%), from €2,226 to €223
- Gross operating margin +€3,922
up €3,922 (+48.3%), from €8,122 to €12,043
- Taxes +€775
up €775 (+50.1%), from €1,547 to €2,323
- Depreciation -€707
down €707 (-18.0%), from €3,918 to €3,211
- Other operating charges +€520
new in 2025: €520
- Financial charges -€207
down €207 (-11.4%), from €1,813 to €1,606
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 | €56,532 | €56,688 | +€155 | +0.3% |
| Fixed assets | 21/28 | €16,180 | €12,969 | -€3,211 | -19.8% |
| Tangible fixed assets | 22/27 | €16,180 | €12,969 | -€3,211 | -19.8% |
| Land and buildings | 22 | €11,918 | €11,151 | -€767 | -6.4% |
| Plant, machinery and equipment | 23 | €2,912 | €1,732 | -€1,180 | -40.5% |
| Furniture and vehicles | 24 | €1,350 | €86 | -€1,265 | -93.7% |
| Current assets | 29/58 | €40,352 | €43,719 | +€3,367 | +8.3% |
| Amounts receivable within one year | 40/41 | €13,656 | €14,492 | +€836 | +6.1% |
| Trade receivables | 40 | €11,616 | €13,101 | +€1,485 | +12.8% |
| Other amounts receivable | 41 | €2,040 | €1,391 | -€649 | -31.8% |
| Cash at bank and in hand | 54/58 | €25,288 | €29,143 | +€3,856 | +15.2% |
| Deferred charges and accrued income | 490/1 | €1,408 | €83 | -€1,325 | -94.1% |
| Total equity and liabilities | 10/49 | €56,532 | €56,688 | +€155 | +0.3% |
| Equity | 10/15 | €50,069 | €46,068 | -€4,001 | -8.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €48,680 | €27,887 | -€20,793 | -42.7% |
| Distributable reserves | 133 | €48,680 | €27,887 | -€20,793 | -42.7% |
| Profit (loss) carried forward | 14 | -€4,812 | -€420 | +€4,392 | +91.3% |
| Amounts payable | 17/49 | €6,464 | €10,620 | +€4,156 | +64.3% |
| Amounts payable within one year | 42/48 | €6,464 | €10,620 | +€4,156 | +64.3% |
| Trade debts | 44 | €1,691 | €1,999 | +€308 | +18.2% |
| Suppliers | 440/4 | €1,691 | €1,999 | +€308 | +18.2% |
| Taxes, remuneration and social security | 45 | €2,547 | €8,398 | +€5,851 | +229.7% |
| Taxes | 450/3 | €2,547 | €5,665 | +€3,118 | +122.4% |
| Remuneration and social security | 454/9 | - | €2,733 | +€2,733 | |
| Other amounts payable | 47/48 | €2,226 | €223 | -€2,003 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,918 | €3,211 | -€707 | -18.0% |
| Other operating charges | 640/8 | - | €520 | +€520 | |
| Gross operating margin | 9900 | €8,122 | €12,043 | +€3,922 | +48.3% |
| Operating profit (loss) | 9901 | €4,203 | €8,312 | +€4,109 | +97.7% |
| Financial income | 75/76B | €2 | €8 | +€6 | +321.0% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +321.0% |
| Financial charges | 65/66B | €1,813 | €1,606 | -€207 | -11.4% |
| Recurring financial charges | 65 | €1,813 | €1,606 | -€207 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €2,393 | €6,715 | +€4,322 | +180.6% |
| Income taxes | 67/77 | €1,547 | €2,323 | +€775 | +50.1% |
| Profit (loss) for the period | 9904 | €846 | €4,392 | +€3,546 | +419.4% |
| Profit (loss) for the period to be appropriated | 9905 | €846 | €4,392 | +€3,546 | +419.4% |
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.