KODIAC: 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.
KODIAC
Largest movements
- Receivables within one year -€160,418
down €160,418 (-31.7%), from €506,392 to €345,974
of which Other amounts receivable: -€124,526
- Cash +€123,403
up €123,403 (+112.0%), from €110,182 to €233,585
mainly Receivables within one year (+€160,418) and Net result for the year (+€94,321)
- Reserves -€170,149
down €170,149 (-30.2%), from €563,076 to €392,927
of which Distributable reserves: -€170,149
- Tax, wage and social debts +€77,618
up €77,618 (+72.5%), from €107,002 to €184,620
of which Taxes: +€64,395
- Other debts +€61,750
up €61,750 (+184.0%), from €33,559 to €95,309
- Taxes -€66,515
down €66,515 (-58.3%), from €114,050 to €47,536
- Gross operating margin -€54,921
down €54,921 (-19.9%), from €275,669 to €220,748
- Other operating charges +€17,982
up €17,982 (+16496.9%), from €109 to €18,091
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,016,575 | €1,981,172 | -€35,402 | -1.8% |
| Fixed assets | 21/28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €616,575 | €581,172 | -€35,402 | -5.7% |
| Amounts receivable within one year | 40/41 | €506,392 | €345,974 | -€160,418 | -31.7% |
| Trade receivables | 40 | €159,871 | €123,979 | -€35,892 | -22.5% |
| Other amounts receivable | 41 | €346,522 | €221,995 | -€124,526 | -35.9% |
| Cash at bank and in hand | 54/58 | €110,182 | €233,585 | +€123,403 | +112.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,613 | +€1,613 | |
| Total equity and liabilities | 10/49 | €2,016,575 | €1,981,172 | -€35,402 | -1.8% |
| Equity | 10/15 | €574,771 | €404,622 | -€170,149 | -29.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €563,076 | €392,927 | -€170,149 | -30.2% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €561,126 | €390,977 | -€170,149 | -30.3% |
| Profit (loss) carried forward | 14 | €5,195 | €5,195 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,292,962 | €1,284,796 | -€8,166 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €1,292,962 | €1,284,796 | -€8,166 | -0.6% |
| Other liabilities and charges | 164/5 | €1,292,962 | €1,284,796 | -€8,166 | -0.6% |
| Amounts payable | 17/49 | €148,842 | €291,755 | +€142,913 | +96.0% |
| Amounts payable within one year | 42/48 | €148,842 | €291,755 | +€142,913 | +96.0% |
| Trade debts | 44 | €8,282 | €11,826 | +€3,544 | +42.8% |
| Suppliers | 440/4 | €8,282 | €11,826 | +€3,544 | +42.8% |
| Taxes, remuneration and social security | 45 | €107,002 | €184,620 | +€77,618 | +72.5% |
| Taxes | 450/3 | €103,899 | €168,294 | +€64,395 | +62.0% |
| Remuneration and social security | 454/9 | €3,102 | €16,326 | +€13,224 | +426.2% |
| Other amounts payable | 47/48 | €33,559 | €95,309 | +€61,750 | +184.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,796 | -€8,166 | -€370 | -4.7% |
| Other operating charges | 640/8 | €109 | €18,091 | +€17,982 | +16496.9% |
| Gross operating margin | 9900 | €275,669 | €220,748 | -€54,921 | -19.9% |
| Operating profit (loss) | 9901 | €283,356 | €210,823 | -€72,533 | -25.6% |
| Financial charges | 65/66B | €67,996 | €68,966 | +€970 | +1.4% |
| Recurring financial charges | 65 | €67,996 | €68,966 | +€970 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €215,360 | €141,857 | -€73,503 | -34.1% |
| Income taxes | 67/77 | €114,050 | €47,536 | -€66,515 | -58.3% |
| Profit (loss) for the period | 9904 | €101,310 | €94,321 | -€6,989 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,310 | €94,321 | -€6,989 | -6.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.