KODREC: 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.
KODREC
Largest movements
- Receivables within one year -€17,319
down €17,319 (-97.1%), from €17,837 to €518
of which Trade receivables: -€15,901
- Tangible fixed assets -€1,383
down €1,383 (-89.2%), from €1,550 to €167
- Cash -€1,242
down €1,242 (-99.0%), from €1,254 to €12
mainly Net result for the year (-€20,085) and Trade debts (-€273)
- Profit (loss) carried forward -€20,085
down €20,085, from €9,262 to -€10,823
- Other debts +€400
new in 2024: €400
- Trade debts -€273
down €273 (-89.8%), from €304 to €31
- Turnover -€33,625
no longer reported in 2024 (was €33,625)
- Purchases and services -€29,768
no longer reported in 2024 (was €29,768)
- Gross operating margin -€18,682
down €18,682, from €5,857 to -€12,825
- Other operating charges +€4,823
up €4,823 (+532.3%), from €906 to €5,729
- Financial charges -€1,060
down €1,060 (-87.7%), from €1,208 to €148
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,641 | €697 | -€19,944 | -96.6% |
| Fixed assets | 21/28 | €1,550 | €167 | -€1,383 | -89.2% |
| Tangible fixed assets | 22/27 | €1,550 | €167 | -€1,383 | -89.2% |
| Furniture and vehicles | 24 | €1,550 | €167 | -€1,383 | -89.2% |
| Current assets | 29/58 | €19,091 | €530 | -€18,561 | -97.2% |
| Amounts receivable within one year | 40/41 | €17,837 | €518 | -€17,319 | -97.1% |
| Trade receivables | 40 | €16,419 | €518 | -€15,901 | -96.8% |
| Other amounts receivable | 41 | €1,418 | - | -€1,418 | |
| Cash at bank and in hand | 54/58 | €1,254 | €12 | -€1,242 | -99.0% |
| Total equity and liabilities | 10/49 | €20,641 | €697 | -€19,944 | -96.6% |
| Equity | 10/15 | €14,262 | -€5,823 | -€20,085 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,262 | -€10,823 | -€20,085 | |
| Amounts payable | 17/49 | €6,379 | €6,520 | +€141 | +2.2% |
| Amounts payable within one year | 42/48 | €6,379 | €6,520 | +€141 | +2.2% |
| Trade debts | 44 | €304 | €31 | -€273 | -89.8% |
| Suppliers | 440/4 | €304 | €31 | -€273 | -89.8% |
| Taxes, remuneration and social security | 45 | €6,075 | €6,089 | +€14 | +0.2% |
| Taxes | 450/3 | €1,903 | €1,944 | +€41 | +2.2% |
| Remuneration and social security | 454/9 | €4,172 | €4,145 | -€27 | -0.6% |
| Other amounts payable | 47/48 | - | €400 | +€400 | |
| Turnover | 70 | €33,625 | - | -€33,625 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €29,768 | - | -€29,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,384 | €1,383 | -€1 | -0.1% |
| Other operating charges | 640/8 | €906 | €5,729 | +€4,823 | +532.3% |
| Non-recurring operating charges | 66A | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €5,857 | -€12,825 | -€18,682 | |
| Operating profit (loss) | 9901 | €2,567 | -€19,937 | -€22,504 | |
| Financial charges | 65/66B | €1,208 | €148 | -€1,060 | -87.7% |
| Recurring financial charges | 65 | €1,208 | €148 | -€1,060 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €1,359 | -€20,085 | -€21,444 | |
| Income taxes | 67/77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | €1,294 | -€20,085 | -€21,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,294 | -€20,085 | -€21,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.