Kodigy: 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.
Kodigy
Largest movements
- Cash +€33,158
up €33,158 (+32.8%), from €101,033 to €134,191
mainly Net result for the year (+€83,440) and Depreciation (+€15,831)
- Tangible fixed assets +€23,722
up €23,722 (+7.8%), from €305,233 to €328,954
of which Furniture and vehicles: +€32,361
- Reserves +€50,760
up €50,760 (+31.8%), from €159,515 to €210,275
of which Distributable reserves: +€50,760
- Tax, wage and social debts +€13,767
up €13,767 (+124%), from €11,059 to €24,827
- Debts after one year -€10,503
down €10,503 (-5.7%), from €185,023 to €174,520
- Trade debts +€7,327
up €7,327 (+209,352%), from €4 to €7,331
- Financial income +€43,157
up €43,157 (+1,213%), from €3,559 to €46,716
- Gross operating margin +€40,419
up €40,419 (+66.8%), from €60,466 to €100,885
- Taxes +€22,571
up €22,571 (+174%), from €12,996 to €35,567
- Depreciation +€4,651
up €4,651 (+41.6%), from €11,181 to €15,831
- Financial charges +€1,837
up €1,837 (+20.2%), from €9,080 to €10,917
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 | €430,099 | €489,759 | +€59,661 | +13.9% |
| Fixed assets | 21/28 | €305,233 | €328,954 | +€23,722 | +7.8% |
| Tangible fixed assets | 22/27 | €305,233 | €328,954 | +€23,722 | +7.8% |
| Land and buildings | 22 | €293,691 | €286,401 | -€7,290 | -2.5% |
| Plant, machinery and equipment | 23 | €1,286 | €824 | -€462 | -35.9% |
| Furniture and vehicles | 24 | €5,086 | €37,447 | +€32,361 | +636% |
| Other tangible fixed assets | 26 | €5,170 | €4,282 | -€887 | -17.2% |
| Current assets | 29/58 | €124,866 | €160,805 | +€35,939 | +28.8% |
| Amounts receivable within one year | 40/41 | €16,057 | €19,011 | +€2,953 | +18.4% |
| Trade receivables | 40 | €16,057 | €19,011 | +€2,953 | +18.4% |
| Current investments | 50/53 | €3,110 | - | -€3,110 | |
| Cash at bank and in hand | 54/58 | €101,033 | €134,191 | +€33,158 | +32.8% |
| Deferred charges and accrued income | 490/1 | €4,666 | €7,604 | +€2,938 | +63.0% |
| Total equity and liabilities | 10/49 | €430,099 | €489,759 | +€59,661 | +13.9% |
| Equity | 10/15 | €219,766 | €270,526 | +€50,760 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,515 | €210,275 | +€50,760 | +31.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €157,660 | €208,420 | +€50,760 | +32.2% |
| Profit (loss) carried forward | 14 | €54,050 | €54,050 | = | 0.0% |
| Amounts payable | 17/49 | €210,333 | €219,234 | +€8,901 | +4.2% |
| Amounts payable after more than one year | 17 | €185,023 | €174,520 | -€10,503 | -5.7% |
| Financial debts | 170/4 | €185,023 | €174,520 | -€10,503 | -5.7% |
| Amounts payable within one year | 42/48 | €24,984 | €44,680 | +€19,696 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €11,586 | €12,046 | +€460 | +4.0% |
| Trade debts | 44 | €4 | €7,331 | +€7,327 | +209,352% |
| Suppliers | 440/4 | €4 | €7,331 | +€7,327 | +209,352% |
| Taxes, remuneration and social security | 45 | €11,059 | €24,827 | +€13,767 | +124% |
| Taxes | 450/3 | €11,059 | €24,827 | +€13,767 | +124% |
| Other amounts payable | 47/48 | €2,336 | €477 | -€1,859 | -79.6% |
| Accrued charges and deferred income | 492/3 | €326 | €34 | -€291 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,181 | €15,831 | +€4,651 | +41.6% |
| Other operating charges | 640/8 | €1,443 | €1,846 | +€403 | +27.9% |
| Gross operating margin | 9900 | €60,466 | €100,885 | +€40,419 | +66.8% |
| Operating profit (loss) | 9901 | €47,842 | €83,208 | +€35,366 | +73.9% |
| Financial income | 75/76B | €3,559 | €46,716 | +€43,157 | +1,213% |
| Recurring financial income | 75 | €3,559 | €46,716 | +€43,157 | +1,213% |
| Financial charges | 65/66B | €9,080 | €10,917 | +€1,837 | +20.2% |
| Recurring financial charges | 65 | €9,080 | €10,917 | +€1,837 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €42,321 | €119,007 | +€76,686 | +181% |
| Income taxes | 67/77 | €12,996 | €35,567 | +€22,571 | +174% |
| Profit (loss) for the period | 9904 | €29,325 | €83,440 | +€54,115 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €29,325 | €83,440 | +€54,115 | +185% |
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 14 October 2026 via checked.be.