CODIMA: 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.
CODIMA
Largest movements
- Receivables within one year -€78,295
down €78,295 (-87.7%), from €89,324 to €11,029
of which Trade receivables: -€41,230
- Tangible fixed assets -€13,208
down €13,208 (-5.2%), from €256,144 to €242,936
- Reserves -€46,916
down €46,916 (-16.9%), from €277,974 to €231,058
- Trade debts -€44,384
down €44,384 (-90.8%), from €48,902 to €4,517
- Gross operating margin -€8,174
down €8,174 (-36.1%), from €22,620 to €14,446
- Taxes -€4,098
no longer reported in 2025 (was €4,098)
- Depreciation +€3,979
up €3,979 (+43.7%), from €9,101 to €13,080
- Financial income -€1,393
no longer reported in 2025 (was €1,393)
- Financial charges +€247
up €247 (+89.1%), from €278 to €525
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 | €347,263 | €257,865 | -€89,398 | -25.7% |
| Fixed assets | 21/28 | €256,144 | €242,936 | -€13,208 | -5.2% |
| Tangible fixed assets | 22/27 | €256,144 | €242,936 | -€13,208 | -5.2% |
| Land and buildings | 22 | €256,144 | €242,936 | -€13,208 | -5.2% |
| Current assets | 29/58 | €91,119 | €14,929 | -€76,190 | -83.6% |
| Amounts receivable within one year | 40/41 | €89,324 | €11,029 | -€78,295 | -87.7% |
| Trade receivables | 40 | €41,230 | - | -€41,230 | |
| Other amounts receivable | 41 | €48,094 | €11,029 | -€37,065 | -77.1% |
| Cash at bank and in hand | 54/58 | €580 | €2,621 | +€2,041 | +352% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,280 | +€64 | +5.3% |
| Total equity and liabilities | 10/49 | €347,263 | €257,865 | -€89,398 | -25.7% |
| Equity | 10/15 | €297,974 | €251,058 | -€46,916 | -15.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €277,974 | €231,058 | -€46,916 | -16.9% |
| Distributable reserves | 133 | €277,974 | €231,058 | -€46,916 | -16.9% |
| Amounts payable | 17/49 | €49,289 | €6,808 | -€42,481 | -86.2% |
| Amounts payable within one year | 42/48 | €48,902 | €5,044 | -€43,857 | -89.7% |
| Trade debts | 44 | €48,902 | €4,517 | -€44,384 | -90.8% |
| Suppliers | 440/4 | €48,902 | €4,517 | -€44,384 | -90.8% |
| Taxes, remuneration and social security | 45 | - | €527 | +€527 | |
| Taxes | 450/3 | - | €527 | +€527 | |
| Accrued charges and deferred income | 492/3 | €387 | €1,763 | +€1,376 | +355% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,101 | €13,080 | +€3,979 | +43.7% |
| Other operating charges | 640/8 | €1,755 | €1,763 | +€9 | +0.5% |
| Gross operating margin | 9900 | €22,620 | €14,446 | -€8,174 | -36.1% |
| Operating profit (loss) | 9901 | €11,764 | -€398 | -€12,162 | |
| Financial income | 75/76B | €1,393 | - | -€1,393 | |
| Recurring financial income | 75 | €1,393 | - | -€1,393 | |
| Financial charges | 65/66B | €278 | €525 | +€247 | +89.1% |
| Recurring financial charges | 65 | €278 | €525 | +€247 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €12,879 | -€923 | -€13,802 | |
| Income taxes | 67/77 | €4,098 | - | -€4,098 | |
| Profit (loss) for the period | 9904 | €8,781 | -€923 | -€9,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,781 | -€923 | -€9,704 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.