COCODING: 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.
COCODING
Largest movements
- Stocks and contracts -€6,600
down €6,600 (-100.0%), from €6,600 to €0
- Cash +€4,686
up €4,686 (+151.8%), from €3,088 to €7,774
mainly Stocks and contracts (+€6,600) and Receivables within one year (+€1,103)
- Receivables within one year -€1,103
down €1,103 (-59.4%), from €1,857 to €754
of which Other amounts receivable: -€746
- Tangible fixed assets +€938
new in 2025: €938
- Reserves -€3,300
down €3,300 (-97.1%), from €3,400 to €100
- Other debts +€991
up €991 (+37.4%), from €2,648 to €3,639
- Trade debts +€189
up €189 (+32.9%), from €574 to €762
- Purchases and services +€13,111
up €13,111 (+268.0%), from €4,893 to €18,003
- Turnover +€8,565
up €8,565 (+158.8%), from €5,393 to €13,958
- Gross operating margin -€4,546
down €4,546, from €500 to -€4,045
- Financial income +€1,823
up €1,823 (+13074.4%), from €14 to €1,837
- Other operating charges +€448
up €448 (+701.6%), from €64 to €511
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 | €11,768 | €9,630 | -€2,138 | -18.2% |
| Fixed assets | 21/28 | - | €938 | +€938 | |
| Tangible fixed assets | 22/27 | - | €938 | +€938 | |
| Plant, machinery and equipment | 23 | - | €938 | +€938 | |
| Current assets | 29/58 | €11,768 | €8,692 | -€3,076 | -26.1% |
| Stocks and contracts in progress | 3 | €6,600 | €0 | -€6,600 | -100.0% |
| Contracts in progress | 37 | €6,600 | €0 | -€6,600 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,857 | €754 | -€1,103 | -59.4% |
| Trade receivables | 40 | €357 | €0 | -€357 | -100.0% |
| Other amounts receivable | 41 | €1,500 | €754 | -€746 | -49.7% |
| Cash at bank and in hand | 54/58 | €3,088 | €7,774 | +€4,686 | +151.8% |
| Deferred charges and accrued income | 490/1 | €223 | €164 | -€59 | -26.6% |
| Total equity and liabilities | 10/49 | €11,768 | €9,630 | -€2,138 | -18.2% |
| Equity | 10/15 | €8,467 | €5,143 | -€3,325 | -39.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,400 | €100 | -€3,300 | -97.1% |
| Distributable reserves | 133 | €3,400 | €100 | -€3,300 | -97.1% |
| Profit (loss) carried forward | 14 | €67 | €43 | -€25 | -36.5% |
| Amounts payable | 17/49 | €3,301 | €4,487 | +€1,187 | +35.9% |
| Amounts payable within one year | 42/48 | €3,301 | €4,487 | +€1,187 | +35.9% |
| Trade debts | 44 | €574 | €762 | +€189 | +32.9% |
| Suppliers | 440/4 | €574 | €762 | +€189 | +32.9% |
| Taxes, remuneration and social security | 45 | €79 | €86 | +€7 | +9.0% |
| Taxes | 450/3 | €79 | €86 | +€7 | +9.0% |
| Other amounts payable | 47/48 | €2,648 | €3,639 | +€991 | +37.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €5,393 | €13,958 | +€8,565 | +158.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,893 | €18,003 | +€13,111 | +268.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €425 | +€425 | |
| Other operating charges | 640/8 | €64 | €511 | +€448 | +701.6% |
| Gross operating margin | 9900 | €500 | -€4,045 | -€4,546 | |
| Operating profit (loss) | 9901 | €437 | -€4,982 | -€5,418 | |
| Financial income | 75/76B | €14 | €1,837 | +€1,823 | +13074.4% |
| Recurring financial income | 75 | €14 | €1,837 | +€1,823 | +13074.4% |
| Financial charges | 65/66B | €56 | €172 | +€116 | +206.1% |
| Recurring financial charges | 65 | €56 | €172 | +€116 | +206.1% |
| Profit (loss) for the period before taxes | 9903 | €394 | -€3,317 | -€3,712 | |
| Income taxes | 67/77 | €84 | €7 | -€77 | -91.6% |
| Profit (loss) for the period | 9904 | €310 | -€3,325 | -€3,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €310 | -€3,325 | -€3,635 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.