KODIFLEX: 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.
KODIFLEX
Largest movements
- Tangible fixed assets -€31,601
down €31,601 (-25.8%), from €122,311 to €90,710
of which Plant, machinery and equipment: -€30,908
- Stocks and contracts +€10,671
up €10,671 (+123.8%), from €8,618 to €19,288
- Receivables within one year -€8,705
down €8,705 (-29.8%), from €29,252 to €20,547
of which Other amounts receivable: -€4,903
- Reserves -€32,090
down €32,090 (-10.3%), from €311,615 to €279,526
of which Distributable reserves: -€32,090
- Gross operating margin -€41,560
down €41,560 (-37.5%), from €110,717 to €69,157
- Taxes -€11,477
down €11,477 (-80.5%), from €14,254 to €2,777
- Depreciation -€5,355
down €5,355 (-8.0%), from €66,844 to €61,489
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 | €380,152 | €347,214 | -€32,938 | -8.7% |
| Fixed assets | 21/28 | €122,326 | €90,725 | -€31,601 | -25.8% |
| Tangible fixed assets | 22/27 | €122,311 | €90,710 | -€31,601 | -25.8% |
| Plant, machinery and equipment | 23 | €79,962 | €49,054 | -€30,908 | -38.7% |
| Furniture and vehicles | 24 | €42,349 | €41,656 | -€693 | -1.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €257,826 | €256,489 | -€1,337 | -0.5% |
| Stocks and contracts in progress | 3 | €8,618 | €19,288 | +€10,671 | +123.8% |
| Stocks | 30/36 | €8,618 | €19,288 | +€10,671 | +123.8% |
| Amounts receivable within one year | 40/41 | €29,252 | €20,547 | -€8,705 | -29.8% |
| Trade receivables | 40 | €21,818 | €18,016 | -€3,802 | -17.4% |
| Other amounts receivable | 41 | €7,434 | €2,531 | -€4,903 | -66.0% |
| Cash at bank and in hand | 54/58 | €219,956 | €216,371 | -€3,585 | -1.6% |
| Deferred charges and accrued income | 490/1 | - | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €380,152 | €347,214 | -€32,938 | -8.7% |
| Equity | 10/15 | €361,615 | €329,526 | -€32,090 | -8.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €311,615 | €279,526 | -€32,090 | -10.3% |
| Tax-exempt reserves | 132 | €16,460 | €16,460 | = | 0.0% |
| Distributable reserves | 133 | €295,155 | €263,066 | -€32,090 | -10.9% |
| Amounts payable | 17/49 | €18,536 | €17,688 | -€848 | -4.6% |
| Amounts payable within one year | 42/48 | €18,536 | €17,688 | -€848 | -4.6% |
| Trade debts | 44 | €15,650 | €12,431 | -€3,219 | -20.6% |
| Suppliers | 440/4 | €15,650 | €12,431 | -€3,219 | -20.6% |
| Taxes, remuneration and social security | 45 | €137 | €3,357 | +€3,221 | +2359.3% |
| Taxes | 450/3 | €137 | €3,357 | +€3,221 | +2359.3% |
| Other amounts payable | 47/48 | €2,750 | €1,900 | -€850 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,844 | €61,489 | -€5,355 | -8.0% |
| Other operating charges | 640/8 | €1,257 | €1,164 | -€93 | -7.4% |
| Gross operating margin | 9900 | €110,717 | €69,157 | -€41,560 | -37.5% |
| Operating profit (loss) | 9901 | €42,616 | €6,504 | -€36,112 | -84.7% |
| Financial income | 75/76B | €1,315 | €1,027 | -€288 | -21.9% |
| Recurring financial income | 75 | €1,315 | €1,027 | -€288 | -21.9% |
| Financial charges | 65/66B | €174 | €154 | -€20 | -11.6% |
| Recurring financial charges | 65 | €174 | €154 | -€20 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €43,757 | €7,377 | -€36,380 | -83.1% |
| Income taxes | 67/77 | €14,254 | €2,777 | -€11,477 | -80.5% |
| Profit (loss) for the period | 9904 | €29,503 | €4,600 | -€24,903 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,503 | €4,600 | -€24,903 | -84.4% |
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 4 October 2026 via checked.be.