KODOMA: what changed
What changed
KODOMA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€19,348
2024 · €380,338-€360,990
Equity
€7.0m
2024 · €7.0m+€19,348
Cash
€351,425
2024 · €1.0m-€671,198
Balance sheet total
€9.8m
2024 · €10.2m-€375,508
Largest movements
Assets
- Cash -€671,198
down €671,198 (-65.6%), from €1.0m to €351,425
mainly Investment in fixed assets (net) (-€654,699) and Other debts (-€168,732)
- Tangible fixed assets +€373,368
up €373,368 (+4.9%), from €7.6m to €7.9m
of which Land and buildings: +€241,068
- Receivables within one year -€125,508
down €125,508 (-81.4%), from €154,222 to €28,713
of which Trade receivables: -€132,701
Equity and liabilities
- Other debts -€168,732
down €168,732 (-8.2%), from €2.0m to €1.9m
- Debts after one year -€118,772
down €118,772 (-12.4%), from €959,783 to €841,011
Income statement
- Financial income -€321,794
down €321,794 (-84.8%), from €379,307 to €57,513
- Depreciation +€29,874
up €29,874 (+11.9%), from €251,457 to €281,330
- Financial charges +€8,905
up €8,905 (+11.0%), from €81,315 to €90,220
- Taxes +€5,382
up €5,382 (+9.8%), from €55,130 to €60,512
- Gross operating margin +€5,259
up €5,259 (+1.2%), from €431,290 to €436,548
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€380,338
Gross operating margin
+€5,259
Depreciation
-€29,874
Other operating charges
-€294
Financial income
-€321,794
Financial charges
-€8,905
Taxes
-€5,382
Result 2025
€19,348
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€188,569
Investment
-€649,106
Financing
-€210,661
Cash 2024
€1.0m
From operations (derived)
+€188,569
Net result for the year
+€19,348
Depreciation
+€281,330
Receivables within one year
+€125,508
Deferred charges and accrued income
-€53,423
Trade debts
-€16,225
Smaller working-capital items
+€763
Other debts
-€168,732
Investment (derived)
-€649,106
Investment in fixed assets (net)
-€654,699
Current investments
+€5,593
Financing
-€210,661
Debts after one year
-€118,772
Current portion of long-term debt
-€91,889
Cash 2025
€351,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,218,579 | €9,843,071 | -€375,508 | -3.7% |
| Fixed assets | 21/28 | €8,028,255 | €8,401,623 | +€373,368 | +4.7% |
| Tangible fixed assets | 22/27 | €7,553,255 | €7,926,623 | +€373,368 | +4.9% |
| Land and buildings | 22 | €7,541,419 | €7,782,486 | +€241,068 | +3.2% |
| Plant, machinery and equipment | 23 | €5,259 | €4,131 | -€1,128 | -21.4% |
| Furniture and vehicles | 24 | €3,672 | €140,005 | +€136,334 | +3,713% |
| Other tangible fixed assets | 26 | €2,905 | - | -€2,905 | |
| Financial fixed assets | 28 | €475,000 | €475,000 | = | 0.0% |
| Current assets | 29/58 | €2,190,325 | €1,441,449 | -€748,876 | -34.2% |
| Amounts receivable within one year | 40/41 | €154,222 | €28,713 | -€125,508 | -81.4% |
| Trade receivables | 40 | €139,622 | €6,920 | -€132,701 | -95.0% |
| Other amounts receivable | 41 | €14,600 | €21,793 | +€7,193 | +49.3% |
| Current investments | 50/53 | €1,005,593 | €1,000,000 | -€5,593 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,022,623 | €351,425 | -€671,198 | -65.6% |
| Deferred charges and accrued income | 490/1 | €7,887 | €61,310 | +€53,423 | +677% |
| Total equity and liabilities | 10/49 | €10,218,579 | €9,843,071 | -€375,508 | -3.7% |
| Equity | 10/15 | €6,953,625 | €6,972,972 | +€19,348 | +0.3% |
| Contributions | 10/11 | €3,043,600 | €3,043,600 | = | 0.0% |
| Reserves | 13 | €3,910,025 | €3,929,372 | +€19,348 | +0.5% |
| Distributable reserves | 133 | €3,910,025 | €3,929,372 | +€19,348 | +0.5% |
| Amounts payable | 17/49 | €3,264,954 | €2,870,099 | -€394,855 | -12.1% |
| Amounts payable after more than one year | 17 | €959,783 | €841,011 | -€118,772 | -12.4% |
| Financial debts | 170/4 | €959,783 | €841,011 | -€118,772 | -12.4% |
| Amounts payable within one year | 42/48 | €2,291,811 | €2,016,393 | -€275,418 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €210,661 | €118,772 | -€91,889 | -43.6% |
| Trade debts | 44 | €18,380 | €2,155 | -€16,225 | -88.3% |
| Suppliers | 440/4 | €18,380 | €2,155 | -€16,225 | -88.3% |
| Taxes, remuneration and social security | 45 | €17,446 | €18,874 | +€1,428 | +8.2% |
| Taxes | 450/3 | €17,446 | €18,874 | +€1,428 | +8.2% |
| Other amounts payable | 47/48 | €2,045,324 | €1,876,592 | -€168,732 | -8.2% |
| Accrued charges and deferred income | 492/3 | €13,360 | €12,695 | -€665 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,457 | €281,330 | +€29,874 | +11.9% |
| Other operating charges | 640/8 | €42,358 | €42,652 | +€294 | +0.7% |
| Gross operating margin | 9900 | €431,290 | €436,548 | +€5,259 | +1.2% |
| Operating profit (loss) | 9901 | €137,476 | €112,566 | -€24,909 | -18.1% |
| Financial income | 75/76B | €379,307 | €57,513 | -€321,794 | -84.8% |
| Recurring financial income | 75 | €379,307 | €57,513 | -€321,794 | -84.8% |
| Financial charges | 65/66B | €81,315 | €90,220 | +€8,905 | +11.0% |
| Recurring financial charges | 65 | €81,315 | €90,220 | +€8,905 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €435,468 | €79,860 | -€355,608 | -81.7% |
| Income taxes | 67/77 | €55,130 | €60,512 | +€5,382 | +9.8% |
| Profit (loss) for the period | 9904 | €380,338 | €19,348 | -€360,990 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €380,338 | €19,348 | -€360,990 | -94.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.