BeCode: 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.
BeCode
Largest movements
- Cash -€313,570
down €313,570 (-71.9%), from €435,915 to €122,346
mainly Net result for the year (-€706,272) and Accrued charges and deferred income (-€170,337)
- Receivables within one year -€287,695
down €287,695 (-70.8%), from €406,164 to €118,469
of which Other amounts receivable: -€192,729
- Financial fixed assets -€165,000
down €165,000 (-30.6%), from €538,545 to €373,545
- Deferred charges and accrued income -€152,676
down €152,676 (-48.9%), from €311,975 to €159,299
- Tangible fixed assets -€19,472
down €19,472 (-53.6%), from €36,336 to €16,864
of which Furniture and vehicles: -€17,385
- Profit (loss) carried forward -€706,272
down €706,272 (-101.0%), from -€699,169 to -€1.4m
- Accrued charges and deferred income -€170,337
down €170,337 (-51.6%), from €330,183 to €159,846
- Debts within one year -€64,523
down €64,523 (-3.8%), from €1.7m to €1.6m
of which Trade debts: -€390,767
- Staff costs -€207,791
down €207,791 (-9.7%), from €2.1m to €1.9m
- Gross operating margin +€206,000
up €206,000 (+14.0%), from €1.5m to €1.7m
- Financial charges +€178,159
up €178,159 (+710.2%), from €25,085 to €203,243
of which Non-recurring financial charges: +€165,000
- Other operating charges +€77,695
up €77,695 (+53.6%), from €145,049 to €222,744
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 | €1,728,936 | €790,523 | -€938,413 | -54.3% |
| Fixed assets | 21/28 | €574,882 | €390,409 | -€184,472 | -32.1% |
| Tangible fixed assets | 22/27 | €36,336 | €16,864 | -€19,472 | -53.6% |
| Furniture and vehicles | 24 | €21,721 | €4,336 | -€17,385 | -80.0% |
| Other tangible fixed assets | 26 | €14,615 | €12,527 | -€2,088 | -14.3% |
| Financial fixed assets | 28 | €538,545 | €373,545 | -€165,000 | -30.6% |
| Current assets | 29/58 | €1,154,055 | €400,114 | -€753,940 | -65.3% |
| Amounts receivable within one year | 40/41 | €406,164 | €118,469 | -€287,695 | -70.8% |
| Trade receivables | 40 | €211,927 | €116,961 | -€94,966 | -44.8% |
| Other amounts receivable | 41 | €194,238 | €1,508 | -€192,729 | -99.2% |
| Cash at bank and in hand | 54/58 | €435,915 | €122,346 | -€313,570 | -71.9% |
| Deferred charges and accrued income | 490/1 | €311,975 | €159,299 | -€152,676 | -48.9% |
| Total equity and liabilities | 10/49 | €1,728,936 | €790,523 | -€938,413 | -54.3% |
| Equity | 10/15 | -€699,169 | -€1,405,440 | -€706,272 | -101.0% |
| Profit (loss) carried forward | 14 | -€699,169 | -€1,405,440 | -€706,272 | -101.0% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €2,428,105 | €2,195,963 | -€232,141 | -9.6% |
| Amounts payable after more than one year | 17 | €407,490 | €410,209 | +€2,719 | +0.7% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €7,490 | €10,209 | +€2,719 | +36.3% |
| Amounts payable within one year | 42/48 | €1,690,432 | €1,625,909 | -€64,523 | -3.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €694,798 | €304,031 | -€390,767 | -56.2% |
| Suppliers | 440/4 | €694,798 | €304,031 | -€390,767 | -56.2% |
| Taxes, remuneration and social security | 45 | €381,108 | €401,711 | +€20,603 | +5.4% |
| Taxes | 450/3 | €78,241 | €87,332 | +€9,091 | +11.6% |
| Remuneration and social security | 454/9 | €302,866 | €314,378 | +€11,512 | +3.8% |
| Accrued charges and deferred income | 492/3 | €330,183 | €159,846 | -€170,337 | -51.6% |
| Non-recurring operating income | 76A | - | €225 | +€225 | |
| Remuneration, social security and pensions | 62 | €2,144,310 | €1,936,519 | -€207,791 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,722 | €19,472 | -€4,249 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,260 | €3,865 | +€11,125 | |
| Other operating charges | 640/8 | €145,049 | €222,744 | +€77,695 | +53.6% |
| Gross operating margin | 9900 | €1,472,431 | €1,678,431 | +€206,000 | +14.0% |
| Operating profit (loss) | 9901 | -€833,389 | -€504,170 | +€329,218 | +39.5% |
| Financial income | 75/76B | €1 | €1,142 | +€1,141 | +111882.4% |
| Recurring financial income | 75 | €1 | €1,142 | +€1,141 | +111882.4% |
| Financial charges | 65/66B | €25,085 | €203,243 | +€178,159 | +710.2% |
| Recurring financial charges | 65 | €25,085 | €38,243 | +€13,159 | +52.5% |
| Non-recurring financial charges | 66B | - | €165,000 | +€165,000 | |
| Profit (loss) for the period before taxes | 9903 | -€858,473 | -€706,272 | +€152,201 | +17.7% |
| Profit (loss) for the period | 9904 | -€858,473 | -€706,272 | +€152,201 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€858,473 | -€706,272 | +€152,201 | +17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.