CODIGRAN: what changed
What changed
CODIGRAN
NACE 46.120, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€38,083
2024 · -€9,782+€47,865
Equity
€29,979
2024 · -€8,104+€38,083
Cash
€11,972
2024 · €14,585-€2,613
Balance sheet total
€1.0m
2024 · €1.3m-€239,984
Largest movements
Assets
- Receivables within one year -€235,309
down €235,309 (-46.2%), from €509,436 to €274,127
of which Trade receivables: -€209,917
Equity and liabilities
- Trade debts -€316,773
down €316,773 (-42.8%), from €739,839 to €423,066
- Profit (loss) carried forward +€38,083
up €38,083, from -€28,564 to €9,519
- Short-term financial debts +€25,254
up €25,254 (+14.0%), from €180,990 to €206,244
Income statement
- Other operating charges -€31,043
down €31,043 (-76.2%), from €40,722 to €9,679
- Gross operating margin +€26,530
up €26,530 (+9.4%), from €281,122 to €307,652
- Financial charges -€11,894
down €11,894 (-17.3%), from €68,833 to €56,939
- Financial income -€11,345
down €11,345 (-98.2%), from €11,557 to €212
- Taxes +€8,231
up €8,231 (+199%), from €4,141 to €12,372
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
-€9,782
Gross operating margin
+€26,530
Staff costs
+€3,163
Depreciation
-€5,189
Other operating charges
+€31,043
Financial income
-€11,345
Financial charges
+€11,894
Taxes
-€8,231
Result 2025
€38,083
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
-€26,725
Investment
-€7,571
Financing
+€31,683
Cash 2024
€14,585
From operations (derived)
-€26,725
Net result for the year
+€38,083
Depreciation
+€17,101
Stocks and contracts
-€6,132
Receivables within one year
+€235,309
Deferred charges and accrued income
-€1,336
Trade debts
-€316,773
Tax, wage and social debts
+€5,408
Other debts
+€75
Accrued charges and deferred income
+€1,540
Investment (derived)
-€7,571
Investment in fixed assets (net)
-€7,571
Financing
+€31,683
Debts after one year
-€3,410
Current portion of long-term debt
+€9,839
Short-term financial debts
+€25,254
Cash 2025
€11,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,275,524 | €1,035,540 | -€239,984 | -18.8% |
| Fixed assets | 21/28 | €142,722 | €133,192 | -€9,530 | -6.7% |
| Tangible fixed assets | 22/27 | €142,722 | €133,192 | -€9,530 | -6.7% |
| Plant, machinery and equipment | 23 | €140,681 | €127,601 | -€13,080 | -9.3% |
| Furniture and vehicles | 24 | - | €5,591 | +€5,591 | |
| Leasing and similar rights | 25 | €2,041 | - | -€2,041 | |
| Current assets | 29/58 | €1,132,802 | €902,348 | -€230,454 | -20.3% |
| Amounts receivable after more than one year | 29 | €282,050 | €282,050 | = | 0.0% |
| Other amounts receivable | 291 | €282,050 | €282,050 | = | 0.0% |
| Stocks and contracts in progress | 3 | €325,878 | €332,010 | +€6,132 | +1.9% |
| Stocks | 30/36 | €325,878 | €332,010 | +€6,132 | +1.9% |
| Amounts receivable within one year | 40/41 | €509,436 | €274,127 | -€235,309 | -46.2% |
| Trade receivables | 40 | €405,946 | €196,029 | -€209,917 | -51.7% |
| Other amounts receivable | 41 | €103,490 | €78,098 | -€25,392 | -24.5% |
| Cash at bank and in hand | 54/58 | €14,585 | €11,972 | -€2,613 | -17.9% |
| Deferred charges and accrued income | 490/1 | €853 | €2,189 | +€1,336 | +157% |
| Total equity and liabilities | 10/49 | €1,275,524 | €1,035,540 | -€239,984 | -18.8% |
| Equity | 10/15 | -€8,104 | €29,979 | +€38,083 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,564 | €9,519 | +€38,083 | |
| Amounts payable | 17/49 | €1,283,628 | €1,005,561 | -€278,067 | -21.7% |
| Amounts payable after more than one year | 17 | €137,798 | €134,388 | -€3,410 | -2.5% |
| Financial debts | 170/4 | €137,798 | €134,388 | -€3,410 | -2.5% |
| Amounts payable within one year | 42/48 | €1,145,830 | €869,633 | -€276,197 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €150,047 | €159,886 | +€9,839 | +6.6% |
| Financial debts | 43 | €180,990 | €206,244 | +€25,254 | +14.0% |
| Credit institutions | 430/8 | €180,990 | €206,244 | +€25,254 | +14.0% |
| Trade debts | 44 | €739,839 | €423,066 | -€316,773 | -42.8% |
| Suppliers | 440/4 | €739,839 | €423,066 | -€316,773 | -42.8% |
| Taxes, remuneration and social security | 45 | €74,954 | €80,362 | +€5,408 | +7.2% |
| Taxes | 450/3 | €40,232 | €45,821 | +€5,589 | +13.9% |
| Remuneration and social security | 454/9 | €34,722 | €34,541 | -€181 | -0.5% |
| Other amounts payable | 47/48 | - | €75 | +€75 | |
| Accrued charges and deferred income | 492/3 | - | €1,540 | +€1,540 | |
| Non-recurring operating income | 76A | - | €11,570 | +€11,570 | |
| Remuneration, social security and pensions | 62 | €176,853 | €173,690 | -€3,163 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,912 | €17,101 | +€5,189 | +43.6% |
| Other operating charges | 640/8 | €40,722 | €9,679 | -€31,043 | -76.2% |
| Gross operating margin | 9900 | €281,122 | €307,652 | +€26,530 | +9.4% |
| Operating profit (loss) | 9901 | €51,635 | €107,182 | +€55,547 | +108% |
| Financial income | 75/76B | €11,557 | €212 | -€11,345 | -98.2% |
| Recurring financial income | 75 | €11,557 | €212 | -€11,345 | -98.2% |
| Financial charges | 65/66B | €68,833 | €56,939 | -€11,894 | -17.3% |
| Recurring financial charges | 65 | €68,833 | €56,939 | -€11,894 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,641 | €50,455 | +€56,096 | |
| Income taxes | 67/77 | €4,141 | €12,372 | +€8,231 | +199% |
| Profit (loss) for the period | 9904 | -€9,782 | €38,083 | +€47,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,782 | €38,083 | +€47,865 |
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 2 November 2026 via checked.be.