KODO JI: 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.
KODO JI
Largest movements
- Tangible fixed assets -€86,984
down €86,984 (-18.1%), from €480,717 to €393,733
of which Furniture and vehicles: -€54,713
- Cash +€6,312
up €6,312 (+47.0%), from €13,441 to €19,753
mainly Depreciation (+€88,228) and Debts after one year (+€4,685)
- Profit (loss) carried forward -€61,232
down €61,232 (-15.7%), from -€389,996 to -€451,229
- Current portion of long-term debt -€19,630
down €19,630 (-25.2%), from €77,945 to €58,315
- Tax, wage and social debts -€9,864
down €9,864 (-29.8%), from €33,080 to €23,217
of which Taxes: -€14,135
- Gross operating margin -€53,480
down €53,480 (-29.5%), from €181,087 to €127,607
- Staff costs -€31,002
down €31,002 (-24.8%), from €124,773 to €93,771
- Depreciation -€3,158
down €3,158 (-3.5%), from €91,386 to €88,228
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 | €550,452 | €469,436 | -€81,015 | -14.7% |
| Fixed assets | 21/28 | €485,469 | €396,485 | -€88,984 | -18.3% |
| Intangible fixed assets | 21 | €2,652 | €652 | -€2,000 | -75.4% |
| Tangible fixed assets | 22/27 | €480,717 | €393,733 | -€86,984 | -18.1% |
| Furniture and vehicles | 24 | €130,856 | €76,144 | -€54,713 | -41.8% |
| Other tangible fixed assets | 26 | €349,860 | €317,589 | -€32,272 | -9.2% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €64,983 | €72,952 | +€7,969 | +12.3% |
| Stocks and contracts in progress | 3 | €42,068 | €46,720 | +€4,653 | +11.1% |
| Stocks | 30/36 | €42,068 | €46,720 | +€4,653 | +11.1% |
| Amounts receivable within one year | 40/41 | €9,474 | €6,467 | -€3,007 | -31.7% |
| Trade receivables | 40 | €9,474 | €6,467 | -€3,007 | -31.7% |
| Cash at bank and in hand | 54/58 | €13,441 | €19,753 | +€6,312 | +47.0% |
| Deferred charges and accrued income | 490/1 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €550,452 | €469,436 | -€81,015 | -14.7% |
| Equity | 10/15 | -€364,996 | -€426,229 | -€61,232 | -16.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,996 | -€451,229 | -€61,232 | -15.7% |
| Amounts payable | 17/49 | €915,448 | €895,665 | -€19,783 | -2.2% |
| Amounts payable after more than one year | 17 | €773,670 | €778,355 | +€4,685 | +0.6% |
| Financial debts | 170/4 | €228,445 | €170,130 | -€58,315 | -25.5% |
| Other amounts payable | 178/9 | €545,225 | €608,225 | +€63,000 | +11.6% |
| Amounts payable within one year | 42/48 | €141,778 | €117,310 | -€24,468 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €77,945 | €58,315 | -€19,630 | -25.2% |
| Trade debts | 44 | €15,343 | €17,370 | +€2,027 | +13.2% |
| Suppliers | 440/4 | €15,343 | €17,370 | +€2,027 | +13.2% |
| Taxes, remuneration and social security | 45 | €33,080 | €23,217 | -€9,864 | -29.8% |
| Taxes | 450/3 | €23,003 | €8,868 | -€14,135 | -61.4% |
| Remuneration and social security | 454/9 | €10,077 | €14,349 | +€4,272 | +42.4% |
| Other amounts payable | 47/48 | €15,409 | €18,408 | +€2,999 | +19.5% |
| Remuneration, social security and pensions | 62 | €124,773 | €93,771 | -€31,002 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,386 | €88,228 | -€3,158 | -3.5% |
| Other operating charges | 640/8 | €2,309 | €535 | -€1,774 | -76.8% |
| Gross operating margin | 9900 | €181,087 | €127,607 | -€53,480 | -29.5% |
| Operating profit (loss) | 9901 | -€37,382 | -€54,927 | -€17,546 | -46.9% |
| Financial income | 75/76B | €4 | €16 | +€12 | +310% |
| Recurring financial income | 75 | €4 | €16 | +€12 | +310% |
| Financial charges | 65/66B | €6,816 | €6,321 | -€495 | -7.3% |
| Recurring financial charges | 65 | €6,816 | €6,321 | -€495 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,194 | -€61,232 | -€17,038 | -38.6% |
| Income taxes | 67/77 | €84 | - | -€84 | |
| Profit (loss) for the period | 9904 | -€44,278 | -€61,232 | -€16,954 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,278 | -€61,232 | -€16,954 | -38.3% |
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 29 October 2026 via checked.be.