21st Century Code: 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.
21st Century Code
Largest movements
- Tangible fixed assets -€6,837
down €6,837 (-32.3%), from €21,140 to €14,303
of which Furniture and vehicles: -€7,655
- Cash +€2,930
up €2,930 (+11.6%), from €25,272 to €28,202
mainly Depreciation (+€7,960) and Net result for the year (+€2,019)
- Receivables within one year +€2,292
up €2,292 (+22.1%), from €10,370 to €12,662
of which Trade receivables: +€3,303
- Debts after one year -€7,092
down €7,092 (-56.8%), from €12,482 to €5,390
- Reserves +€2,019
up €2,019 (+7.5%), from €26,865 to €28,885
- Tax, wage and social debts +€1,670
up €1,670 (+17.7%), from €9,437 to €11,107
of which Taxes: +€1,670
- Gross operating margin -€31,197
down €31,197 (-70.8%), from €44,091 to €12,894
- Staff costs -€25,787
down €25,787 (-100.0%), from €25,787 to €0
- Taxes -€1,211
down €1,211 (-41.9%), from €2,890 to €1,679
- Other operating charges +€623
up €623 (+210.5%), from €296 to €919
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 | €58,646 | €56,547 | -€2,099 | -3.6% |
| Fixed assets | 21/28 | €21,140 | €14,303 | -€6,837 | -32.3% |
| Tangible fixed assets | 22/27 | €21,140 | €14,303 | -€6,837 | -32.3% |
| Plant, machinery and equipment | 23 | €127 | €945 | +€818 | +643.4% |
| Furniture and vehicles | 24 | €21,013 | €13,359 | -€7,655 | -36.4% |
| Current assets | 29/58 | €37,505 | €42,244 | +€4,738 | +12.6% |
| Amounts receivable within one year | 40/41 | €10,370 | €12,662 | +€2,292 | +22.1% |
| Trade receivables | 40 | €9,359 | €12,662 | +€3,303 | +35.3% |
| Other amounts receivable | 41 | €1,011 | €0 | -€1,011 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,272 | €28,202 | +€2,930 | +11.6% |
| Deferred charges and accrued income | 490/1 | €1,863 | €1,379 | -€484 | -26.0% |
| Total equity and liabilities | 10/49 | €58,646 | €56,547 | -€2,099 | -3.6% |
| Equity | 10/15 | €29,365 | €31,385 | +€2,019 | +6.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,865 | €28,885 | +€2,019 | +7.5% |
| Distributable reserves | 133 | €26,865 | €28,885 | +€2,019 | +7.5% |
| Amounts payable | 17/49 | €29,280 | €25,162 | -€4,118 | -14.1% |
| Amounts payable after more than one year | 17 | €12,482 | €5,390 | -€7,092 | -56.8% |
| Financial debts | 170/4 | €12,482 | €5,390 | -€7,092 | -56.8% |
| Amounts payable within one year | 42/48 | €16,799 | €19,539 | +€2,740 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €6,985 | €7,092 | +€107 | +1.5% |
| Trade debts | 44 | €376 | €847 | +€470 | +125.0% |
| Suppliers | 440/4 | €376 | €847 | +€470 | +125.0% |
| Taxes, remuneration and social security | 45 | €9,437 | €11,107 | +€1,670 | +17.7% |
| Taxes | 450/3 | €9,437 | €11,107 | +€1,670 | +17.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €493 | +€493 | |
| Accrued charges and deferred income | 492/3 | - | €234 | +€234 | |
| Remuneration, social security and pensions | 62 | €25,787 | €0 | -€25,787 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,946 | €7,960 | +€14 | +0.2% |
| Other operating charges | 640/8 | €296 | €919 | +€623 | +210.5% |
| Gross operating margin | 9900 | €44,091 | €12,894 | -€31,197 | -70.8% |
| Operating profit (loss) | 9901 | €10,062 | €4,015 | -€6,046 | -60.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €415 | €317 | -€97 | -23.5% |
| Recurring financial charges | 65 | €415 | €317 | -€97 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €9,648 | €3,698 | -€5,951 | -61.7% |
| Income taxes | 67/77 | €2,890 | €1,679 | -€1,211 | -41.9% |
| Profit (loss) for the period | 9904 | €6,759 | €2,019 | -€4,739 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,759 | €2,019 | -€4,739 | -70.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.