Kodij: 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.
Kodij
Largest movements
- Tangible fixed assets +€759,511
up €759,511 (+3,798%), from €20,000 to €779,511
- Cash +€238,450
up €238,450 (+554%), from €43,065 to €281,515
mainly Contributions, distributions and other (+€405,343) and Accrued charges and deferred income (+€310,010)
- Receivables within one year +€175,687
up €175,687 (+163%), from €108,053 to €283,740
of which Other amounts receivable: +€283,740
- Investment grants +€405,343
new in 2025: €405,343
- Accrued charges and deferred income +€310,010
up €310,010 (+347%), from €89,343 to €399,354
- Debts after one year +€300,000
new in 2025: €300,000
- Trade debts +€176,119
up €176,119 (+477%), from €36,932 to €213,051
- Profit (loss) carried forward -€15,723
down €15,723 (-42.2%), from -€37,237 to -€52,960
- Services and other goods -€22,461
down €22,461 (-61.6%), from €36,460 to €13,998
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 | €201,518 | €1,375,167 | +€1.2m | +582% |
| Fixed assets | 21/28 | €50,401 | €809,912 | +€759,511 | +1,507% |
| Tangible fixed assets | 22/27 | €20,000 | €779,511 | +€759,511 | +3,798% |
| Assets under construction and advance payments | 27 | €20,000 | €779,511 | +€759,511 | +3,798% |
| Financial fixed assets | 28 | €30,401 | €30,401 | = | 0.0% |
| Other financial fixed assets | 284/8 | €30,401 | €30,401 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €30,401 | €30,401 | = | 0.0% |
| Current assets | 29/58 | €151,118 | €565,255 | +€414,138 | +274% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €108,053 | €283,740 | +€175,687 | +163% |
| Trade receivables | 40 | €108,053 | €0 | -€108,053 | -100% |
| Other amounts receivable | 41 | - | €283,740 | +€283,740 | |
| Cash at bank and in hand | 54/58 | €43,065 | €281,515 | +€238,450 | +554% |
| Total equity and liabilities | 10/49 | €201,518 | €1,375,167 | +€1.2m | +582% |
| Equity | 10/15 | €62,763 | €452,383 | +€389,620 | +621% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,237 | -€52,960 | -€15,723 | -42.2% |
| Investment grants | 15 | - | €405,343 | +€405,343 | |
| Amounts payable | 17/49 | €138,755 | €922,784 | +€784,029 | +565% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Other loans | 174 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €49,412 | €223,430 | +€174,018 | +352% |
| Trade debts | 44 | €36,932 | €213,051 | +€176,119 | +477% |
| Suppliers | 440/4 | €36,932 | €213,051 | +€176,119 | +477% |
| Taxes, remuneration and social security | 45 | €12,480 | €10,379 | -€2,101 | -16.8% |
| Taxes | 450/3 | €12,480 | €10,379 | -€2,101 | -16.8% |
| Accrued charges and deferred income | 492/3 | €89,343 | €399,354 | +€310,010 | +347% |
| Operating charges | 60/66A | €36,886 | €14,126 | -€22,759 | -61.7% |
| Services and other goods | 61 | €36,460 | €13,998 | -€22,461 | -61.6% |
| Other operating charges | 640/8 | €426 | €128 | -€298 | -70.0% |
| Operating profit (loss) | 9901 | -€36,886 | -€14,126 | +€22,759 | +61.7% |
| Financial income | 75/76B | - | €419 | +€419 | |
| Recurring financial income | 75 | - | €419 | +€419 | |
| Income from current assets | 751 | - | €419 | +€419 | |
| Financial charges | 65/66B | €351 | €2,015 | +€1,664 | +474% |
| Recurring financial charges | 65 | €351 | €2,015 | +€1,664 | +474% |
| Debt charges | 650 | - | €1,337 | +€1,337 | |
| Other financial charges | 652/9 | €351 | €679 | +€328 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,237 | -€15,723 | +€21,514 | +57.8% |
| Profit (loss) for the period | 9904 | -€37,237 | -€15,723 | +€21,514 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,237 | -€15,723 | +€21,514 | +57.8% |
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.