KODIAKS: 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.
KODIAKS
Largest movements
- Cash -€41,939
down €41,939 (-31.0%), from €135,235 to €93,296
mainly Other debts (-€70,966) and Contributions, distributions and other (-€11,425)
- Receivables within one year -€14,704
down €14,704 (-98.6%), from €14,913 to €209
of which Trade receivables: -€14,104
- Other debts -€70,966
down €70,966 (-55.6%), from €127,628 to €56,662
- Advances received +€16,000
new in 2025: €16,000
- Tax, wage and social debts -€3,399
down €3,399 (-89.3%), from €3,808 to €409
- Trade debts +€1,830
up €1,830 (+205.2%), from €892 to €2,722
- Gross operating margin -€49,448
down €49,448 (-79.9%), from €61,879 to €12,431
- Taxes -€9,783
down €9,783 (-96.0%), from €10,192 to €409
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 | €150,928 | €94,393 | -€56,535 | -37.5% |
| Current assets | 29/58 | €150,928 | €94,393 | -€56,535 | -37.5% |
| Amounts receivable within one year | 40/41 | €14,913 | €209 | -€14,704 | -98.6% |
| Trade receivables | 40 | €14,104 | - | -€14,104 | |
| Other amounts receivable | 41 | €809 | €209 | -€600 | -74.2% |
| Cash at bank and in hand | 54/58 | €135,235 | €93,296 | -€41,939 | -31.0% |
| Deferred charges and accrued income | 490/1 | €780 | €888 | +€108 | +13.8% |
| Total equity and liabilities | 10/49 | €150,928 | €94,393 | -€56,535 | -37.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €132,328 | €75,793 | -€56,535 | -42.7% |
| Amounts payable within one year | 42/48 | €132,328 | €75,793 | -€56,535 | -42.7% |
| Trade debts | 44 | €892 | €2,722 | +€1,830 | +205.2% |
| Suppliers | 440/4 | €892 | €2,722 | +€1,830 | +205.2% |
| Advances received on contracts in progress | 46 | - | €16,000 | +€16,000 | |
| Taxes, remuneration and social security | 45 | €3,808 | €409 | -€3,399 | -89.3% |
| Taxes | 450/3 | €3,808 | €409 | -€3,399 | -89.3% |
| Other amounts payable | 47/48 | €127,628 | €56,662 | -€70,966 | -55.6% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €61,879 | €12,431 | -€49,448 | -79.9% |
| Operating profit (loss) | 9901 | €61,495 | €12,044 | -€49,451 | -80.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €212 | €211 | -€1 | -0.5% |
| Recurring financial charges | 65 | €212 | €211 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €61,283 | €11,834 | -€49,449 | -80.7% |
| Income taxes | 67/77 | €10,192 | €409 | -€9,783 | -96.0% |
| Profit (loss) for the period | 9904 | €51,091 | €11,425 | -€39,666 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,091 | €11,425 | -€39,666 | -77.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.