KODRA: 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.
KODRA
Largest movements
- Tangible fixed assets +€36,499
up €36,499 (+187.4%), from €19,475 to €55,974
of which Furniture and vehicles: +€34,993
- Cash -€5,822
down €5,822 (-80.2%), from €7,259 to €1,437
mainly Investment in fixed assets (net) (-€43,767) and Other debts (-€5,354)
- Receivables within one year +€4,062
up €4,062 (+5078.0%), from €80 to €4,142
of which Other amounts receivable: +€4,142
- Debts after one year +€19,903
new in 2025: €19,903
- Profit (loss) carried forward +€7,802
up €7,802 (+74.0%), from €10,550 to €18,352
- Current portion of long-term debt +€6,793
new in 2025: €6,793
- Other debts -€5,354
down €5,354 (-40.4%), from €13,237 to €7,883
- Trade debts +€3,007
up €3,007 (+1193.1%), from €252 to €3,259
- Depreciation +€7,055
up €7,055 (+3312.1%), from €213 to €7,268
- Gross operating margin +€5,082
up €5,082 (+37.5%), from €13,559 to €18,641
- Financial charges +€748
up €748 (+3559.8%), from €21 to €769
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 | €27,814 | €62,553 | +€34,739 | +124.9% |
| Fixed assets | 21/28 | €20,475 | €56,974 | +€36,499 | +178.3% |
| Tangible fixed assets | 22/27 | €19,475 | €55,974 | +€36,499 | +187.4% |
| Plant, machinery and equipment | 23 | - | €1,124 | +€1,124 | |
| Furniture and vehicles | 24 | €13,051 | €48,044 | +€34,993 | +268.1% |
| Other tangible fixed assets | 26 | €6,424 | €6,806 | +€382 | +5.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €7,339 | €5,579 | -€1,760 | -24.0% |
| Amounts receivable within one year | 40/41 | €80 | €4,142 | +€4,062 | +5078.0% |
| Trade receivables | 40 | €80 | - | -€80 | |
| Other amounts receivable | 41 | - | €4,142 | +€4,142 | |
| Cash at bank and in hand | 54/58 | €7,259 | €1,437 | -€5,822 | -80.2% |
| Total equity and liabilities | 10/49 | €27,814 | €62,553 | +€34,739 | +124.9% |
| Equity | 10/15 | €11,650 | €19,452 | +€7,802 | +67.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €10,550 | €18,352 | +€7,802 | +74.0% |
| Amounts payable | 17/49 | €16,164 | €43,101 | +€26,937 | +166.6% |
| Amounts payable after more than one year | 17 | - | €19,903 | +€19,903 | |
| Financial debts | 170/4 | - | €19,903 | +€19,903 | |
| Amounts payable within one year | 42/48 | €16,164 | €23,198 | +€7,034 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,793 | +€6,793 | |
| Trade debts | 44 | €252 | €3,259 | +€3,007 | +1193.1% |
| Suppliers | 440/4 | €252 | €3,259 | +€3,007 | +1193.1% |
| Taxes, remuneration and social security | 45 | €2,675 | €5,263 | +€2,588 | +96.8% |
| Taxes | 450/3 | €2,675 | €5,263 | +€2,588 | +96.8% |
| Other amounts payable | 47/48 | €13,237 | €7,883 | -€5,354 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €7,268 | +€7,055 | +3312.1% |
| Gross operating margin | 9900 | €13,559 | €18,641 | +€5,082 | +37.5% |
| Operating profit (loss) | 9901 | €13,346 | €11,373 | -€1,973 | -14.8% |
| Financial charges | 65/66B | €21 | €769 | +€748 | +3559.8% |
| Recurring financial charges | 65 | €21 | €769 | +€748 | +3559.8% |
| Profit (loss) for the period before taxes | 9903 | €13,325 | €10,605 | -€2,720 | -20.4% |
| Income taxes | 67/77 | €2,675 | €2,802 | +€127 | +4.7% |
| Profit (loss) for the period | 9904 | €10,650 | €7,803 | -€2,847 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,650 | €7,803 | -€2,847 | -26.7% |
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.