KODEVANA: 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.
KODEVANA
Largest movements
- Cash +€66,193
up €66,193 (+134.2%), from €49,328 to €115,521
mainly Net result for the year (+€78,930) and Other debts (+€74,523)
- Receivables within one year +€22,679
up €22,679 (+19.0%), from €119,165 to €141,843
of which Other amounts receivable: +€104,904
- Other debts +€74,523
up €74,523 (+71.2%), from €104,650 to €179,172
- Tax, wage and social debts +€16,082
up €16,082 (+141.5%), from €11,363 to €27,446
- Trade debts -€3,301
down €3,301 (-86.4%), from €3,818 to €518
- Financial income -€7,080
down €7,080 (-99.9%), from €7,085 to €5
of which Non-recurring financial income: -€6,787
- Gross operating margin +€5,312
up €5,312 (+4.5%), from €116,769 to €122,081
- Depreciation -€3,954
down €3,954 (-22.2%), from €17,790 to €13,837
- Financial charges +€1,350
up €1,350 (+32.6%), from €4,140 to €5,491
- Taxes +€1,246
up €1,246 (+5.7%), from €21,710 to €22,957
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 | €230,160 | €317,364 | +€87,204 | +37.9% |
| Fixed assets | 21/28 | €58,712 | €56,564 | -€2,148 | -3.7% |
| Tangible fixed assets | 22/27 | €58,712 | €56,564 | -€2,148 | -3.7% |
| Land and buildings | 22 | €37,215 | €35,505 | -€1,710 | -4.6% |
| Plant, machinery and equipment | 23 | €1,682 | €11,296 | +€9,614 | +571.7% |
| Furniture and vehicles | 24 | €11,058 | €6,547 | -€4,511 | -40.8% |
| Other tangible fixed assets | 26 | €8,757 | €3,216 | -€5,541 | -63.3% |
| Current assets | 29/58 | €171,449 | €260,800 | +€89,351 | +52.1% |
| Amounts receivable within one year | 40/41 | €119,165 | €141,843 | +€22,679 | +19.0% |
| Trade receivables | 40 | €107,875 | €25,650 | -€82,225 | -76.2% |
| Other amounts receivable | 41 | €11,290 | €116,193 | +€104,904 | +929.2% |
| Cash at bank and in hand | 54/58 | €49,328 | €115,521 | +€66,193 | +134.2% |
| Deferred charges and accrued income | 490/1 | €2,955 | €3,436 | +€480 | +16.2% |
| Total equity and liabilities | 10/49 | €230,160 | €317,364 | +€87,204 | +37.9% |
| Equity | 10/15 | €110,229 | €110,229 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,629 | €91,629 | = | 0.0% |
| Distributable reserves | 133 | €91,629 | €91,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,931 | €207,135 | +€87,204 | +72.7% |
| Amounts payable within one year | 42/48 | €119,831 | €207,135 | +€87,304 | +72.9% |
| Trade debts | 44 | €3,818 | €518 | -€3,301 | -86.4% |
| Suppliers | 440/4 | €3,818 | €518 | -€3,301 | -86.4% |
| Taxes, remuneration and social security | 45 | €11,363 | €27,446 | +€16,082 | +141.5% |
| Taxes | 450/3 | €11,363 | €27,446 | +€16,082 | +141.5% |
| Other amounts payable | 47/48 | €104,650 | €179,172 | +€74,523 | +71.2% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,790 | €13,837 | -€3,954 | -22.2% |
| Other operating charges | 640/8 | €901 | €872 | -€29 | -3.3% |
| Gross operating margin | 9900 | €116,769 | €122,081 | +€5,312 | +4.5% |
| Operating profit (loss) | 9901 | €98,077 | €107,372 | +€9,295 | +9.5% |
| Financial income | 75/76B | €7,085 | €5 | -€7,080 | -99.9% |
| Recurring financial income | 75 | €298 | €5 | -€293 | -98.3% |
| Non-recurring financial income | 76B | €6,787 | - | -€6,787 | |
| Financial charges | 65/66B | €4,140 | €5,491 | +€1,350 | +32.6% |
| Recurring financial charges | 65 | €4,140 | €5,491 | +€1,350 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €101,022 | €101,887 | +€865 | +0.9% |
| Income taxes | 67/77 | €21,710 | €22,957 | +€1,246 | +5.7% |
| Profit (loss) for the period | 9904 | €79,312 | €78,930 | -€382 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,312 | €78,930 | -€382 | -0.5% |
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 29 September 2026 via checked.be.