CODITECH: what changed
CODITECH
Largest movements
- Receivables within one year -€33,301
down €33,301 (-22.6%), from €147,193 to €113,892
of which Trade receivables: -€25,112
- Cash -€25,657
down €25,657 (-98.8%), from €25,974 to €317
mainly Other debts (-€47,765) and Investment in fixed assets (net) (-€23,000)
- Stocks and contracts -€22,450
down €22,450 (-14.1%), from €159,271 to €136,821
- Other debts -€47,765
down €47,765 (-77.9%), from €61,327 to €13,562
- Tax, wage and social debts -€20,442
down €20,442 (-42.4%), from €48,159 to €27,717
of which Taxes: -€22,083
- Reserves -€18,147
down €18,147 (-9.7%), from €187,782 to €169,635
of which Distributable reserves: -€18,147
- Trade debts +€5,596
up €5,596 (+18.2%), from €30,715 to €36,311
- Gross operating margin -€64,847
down €64,847 (-27.4%), from €236,507 to €171,660
- Other operating charges -€10,507
down €10,507 (-94.4%), from €11,135 to €628
- Write-downs +€6,569
new in 2026: €6,569
- Financial charges -€5,785
down €5,785 (-57.6%), from €10,047 to €4,262
- Depreciation +€3,216
up €3,216 (+16.0%), from €20,150 to €23,366
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,412 | €308,725 | -€81,687 | -20.9% |
| Fixed assets | 21/28 | €56,808 | €56,443 | -€366 | -0.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €56,808 | €56,443 | -€366 | -0.6% |
| Plant, machinery and equipment | 23 | €28,101 | €37,522 | +€9,421 | +33.5% |
| Furniture and vehicles | 24 | €28,708 | €18,921 | -€9,787 | -34.1% |
| Current assets | 29/58 | €333,604 | €252,282 | -€81,322 | -24.4% |
| Stocks and contracts in progress | 3 | €159,271 | €136,821 | -€22,450 | -14.1% |
| Stocks | 30/36 | €159,271 | €136,821 | -€22,450 | -14.1% |
| Amounts receivable within one year | 40/41 | €147,193 | €113,892 | -€33,301 | -22.6% |
| Trade receivables | 40 | €132,354 | €107,242 | -€25,112 | -19.0% |
| Other amounts receivable | 41 | €14,839 | €6,650 | -€8,189 | -55.2% |
| Cash at bank and in hand | 54/58 | €25,974 | €317 | -€25,657 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,166 | €1,253 | +€86 | +7.4% |
| Total equity and liabilities | 10/49 | €390,412 | €308,725 | -€81,687 | -20.9% |
| Equity | 10/15 | €249,282 | €231,135 | -€18,147 | -7.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €187,782 | €169,635 | -€18,147 | -9.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €181,632 | €163,485 | -€18,147 | -10.0% |
| Amounts payable | 17/49 | €141,130 | €77,590 | -€63,540 | -45.0% |
| Amounts payable within one year | 42/48 | €140,202 | €77,590 | -€62,612 | -44.7% |
| Trade debts | 44 | €30,715 | €36,311 | +€5,596 | +18.2% |
| Suppliers | 440/4 | €30,715 | €36,311 | +€5,596 | +18.2% |
| Taxes, remuneration and social security | 45 | €48,159 | €27,717 | -€20,442 | -42.4% |
| Taxes | 450/3 | €24,490 | €2,407 | -€22,083 | -90.2% |
| Remuneration and social security | 454/9 | €23,669 | €25,310 | +€1,640 | +6.9% |
| Other amounts payable | 47/48 | €61,327 | €13,562 | -€47,765 | -77.9% |
| Accrued charges and deferred income | 492/3 | €928 | €0 | -€928 | -100% |
| Remuneration, social security and pensions | 62 | €158,722 | €156,552 | -€2,171 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,150 | €23,366 | +€3,216 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,569 | +€6,569 | |
| Other operating charges | 640/8 | €11,135 | €628 | -€10,507 | -94.4% |
| Gross operating margin | 9900 | €236,507 | €171,660 | -€64,847 | -27.4% |
| Operating profit (loss) | 9901 | €46,499 | -€15,454 | -€61,953 | |
| Financial income | 75/76B | €0 | €1,735 | +€1,735 | |
| Recurring financial income | 75 | €0 | €1,735 | +€1,735 | |
| Financial charges | 65/66B | €10,047 | €4,262 | -€5,785 | -57.6% |
| Recurring financial charges | 65 | €10,047 | €4,262 | -€5,785 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €36,452 | -€17,982 | -€54,433 | |
| Income taxes | 67/77 | €161 | €166 | +€5 | +2.9% |
| Profit (loss) for the period | 9904 | €36,291 | -€18,147 | -€54,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,291 | -€18,147 | -€54,438 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.