KODIAX: what changed
Two financial 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.
KODIAX
Largest movements
- Cash -€24,735
down €24,735 (-22.9%), from €108,084 to €83,349
mainly Contributions, distributions and other (-€138,000) and Tax, wage and social debts (-€9,043)
- Tangible fixed assets +€6,422
up €6,422 (+262%), from €2,450 to €8,872
- Receivables within one year +€2,354
up €2,354 (+13.3%), from €17,747 to €20,101
of which Trade receivables: +€4,528
- Reserves -€65,000
down €65,000 (-37.1%), from €175,000 to €110,000
- Other debts +€53,426
up €53,426 (+53,624%), from €100 to €53,525
- Tax, wage and social debts -€9,043
down €9,043 (-22.3%), from €40,601 to €31,558
- Profit (loss) carried forward +€4,689
up €4,689 (+140%), from €3,350 to €8,039
- Taxes -€9,163
down €9,163 (-31.3%), from €29,270 to €20,107
- Gross operating margin -€7,279
down €7,279 (-7.0%), from €104,400 to €97,121
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.
Derived cash bridge
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 | €223,280 | €207,322 | -€15,958 | -7.1% |
| Fixed assets | 21/28 | €2,450 | €8,872 | +€6,422 | +262% |
| Tangible fixed assets | 22/27 | €2,450 | €8,872 | +€6,422 | +262% |
| Furniture and vehicles | 24 | €2,450 | €8,872 | +€6,422 | +262% |
| Current assets | 29/58 | €220,830 | €198,450 | -€22,381 | -10.1% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,747 | €20,101 | +€2,354 | +13.3% |
| Trade receivables | 40 | €15,573 | €20,101 | +€4,528 | +29.1% |
| Other amounts receivable | 41 | €2,174 | - | -€2,174 | |
| Cash at bank and in hand | 54/58 | €108,084 | €83,349 | -€24,735 | -22.9% |
| Total equity and liabilities | 10/49 | €223,280 | €207,322 | -€15,958 | -7.1% |
| Equity | 10/15 | €180,350 | €120,039 | -€60,311 | -33.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €175,000 | €110,000 | -€65,000 | -37.1% |
| Distributable reserves | 133 | €175,000 | €110,000 | -€65,000 | -37.1% |
| Profit (loss) carried forward | 14 | €3,350 | €8,039 | +€4,689 | +140% |
| Amounts payable | 17/49 | €42,930 | €87,283 | +€44,353 | +103% |
| Amounts payable within one year | 42/48 | €42,930 | €87,283 | +€44,353 | +103% |
| Trade debts | 44 | €2,230 | €2,200 | -€30 | -1.3% |
| Suppliers | 440/4 | €2,230 | €2,200 | -€30 | -1.3% |
| Taxes, remuneration and social security | 45 | €40,601 | €31,558 | -€9,043 | -22.3% |
| Taxes | 450/3 | €40,601 | €31,558 | -€9,043 | -22.3% |
| Other amounts payable | 47/48 | €100 | €53,525 | +€53,426 | +53,624% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €2,008 | +€648 | +47.7% |
| Gross operating margin | 9900 | €104,400 | €97,121 | -€7,279 | -7.0% |
| Operating profit (loss) | 9901 | €103,041 | €95,114 | -€7,927 | -7.7% |
| Financial income | 75/76B | €1,793 | €2,768 | +€975 | +54.3% |
| Recurring financial income | 75 | €1,793 | €2,768 | +€975 | +54.3% |
| Financial charges | 65/66B | €272 | €86 | -€186 | -68.3% |
| Recurring financial charges | 65 | €272 | €86 | -€186 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €104,562 | €97,795 | -€6,767 | -6.5% |
| Income taxes | 67/77 | €29,270 | €20,107 | -€9,163 | -31.3% |
| Profit (loss) for the period | 9904 | €75,292 | €77,689 | +€2,397 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,292 | €77,689 | +€2,397 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.