Codacious: what changed
Two financial 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.
Codacious
Largest movements
- Cash +€92,488
up €92,488 (+64.3%), from €143,908 to €236,396
mainly Tax, wage and social debts (+€67,257) and Trade debts (+€51,730)
- Current investments +€38,894
new in 2025: €38,894
- Tangible fixed assets -€31,913
down €31,913 (-65.7%), from €48,574 to €16,661
- Intangible fixed assets -€7,133
down €7,133 (-24.7%), from €28,918 to €21,784
- Tax, wage and social debts +€67,257
up €67,257 (+32.5%), from €206,746 to €274,003
of which Remuneration and social security: +€59,658
- Trade debts +€51,730
up €51,730 (+68.1%), from €75,971 to €127,701
- Current portion of long-term debt +€28,468
up €28,468 (+37.6%), from €75,738 to €104,207
- Profit (loss) carried forward -€26,737
new in 2025: -€26,737
- Short-term financial debts -€25,643
down €25,643 (-35.4%), from €72,446 to €46,803
- Staff costs +€206,110
up €206,110 (+15.4%), from €1.3m to €1.5m
- Gross operating margin +€148,681
up €148,681 (+9.9%), from €1.5m to €1.6m
- Financial charges -€20,664
down €20,664 (-31.2%), from €66,170 to €45,506
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.
Derived cash bridge
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 | €512,166 | €608,437 | +€96,271 | +18.8% |
| Fixed assets | 21/28 | €77,593 | €38,446 | -€39,148 | -50.5% |
| Intangible fixed assets | 21 | €28,918 | €21,784 | -€7,133 | -24.7% |
| Tangible fixed assets | 22/27 | €48,574 | €16,661 | -€31,913 | -65.7% |
| Land and buildings | 22 | €3,261 | €0 | -€3,261 | -100% |
| Plant, machinery and equipment | 23 | €24,187 | €16,661 | -€7,526 | -31.1% |
| Furniture and vehicles | 24 | €14,267 | €0 | -€14,267 | -100% |
| Other tangible fixed assets | 26 | €6,860 | €0 | -€6,860 | -100% |
| Financial fixed assets | 28 | €101 | €0 | -€101 | -100% |
| Current assets | 29/58 | €434,573 | €569,992 | +€135,419 | +31.2% |
| Amounts receivable within one year | 40/41 | €288,791 | €290,895 | +€2,104 | +0.7% |
| Trade receivables | 40 | €245,994 | €248,314 | +€2,320 | +0.9% |
| Other amounts receivable | 41 | €42,797 | €42,581 | -€216 | -0.5% |
| Current investments | 50/53 | - | €38,894 | +€38,894 | |
| Cash at bank and in hand | 54/58 | €143,908 | €236,396 | +€92,488 | +64.3% |
| Deferred charges and accrued income | 490/1 | €1,874 | €3,806 | +€1,933 | +103% |
| Total equity and liabilities | 10/49 | €512,166 | €608,437 | +€96,271 | +18.8% |
| Equity | 10/15 | €44,822 | €37,157 | -€7,666 | -17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €19,822 | €38,894 | +€19,072 | +96.2% |
| Non-distributable reserves | 130/1 | - | €38,894 | +€38,894 | |
| Own shares acquired | 1312 | - | €38,894 | +€38,894 | |
| Distributable reserves | 133 | €19,822 | €0 | -€19,822 | -100% |
| Profit (loss) carried forward | 14 | - | -€26,737 | -€26,737 | |
| Amounts payable | 17/49 | €467,344 | €571,280 | +€103,937 | +22.2% |
| Amounts payable after more than one year | 17 | €27,701 | €16,039 | -€11,662 | -42.1% |
| Financial debts | 170/4 | €27,701 | €16,039 | -€11,662 | -42.1% |
| Amounts payable within one year | 42/48 | €430,901 | €552,714 | +€121,813 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €75,738 | €104,207 | +€28,468 | +37.6% |
| Financial debts | 43 | €72,446 | €46,803 | -€25,643 | -35.4% |
| Credit institutions | 430/8 | €72,446 | €46,803 | -€25,643 | -35.4% |
| Trade debts | 44 | €75,971 | €127,701 | +€51,730 | +68.1% |
| Suppliers | 440/4 | €75,971 | €127,701 | +€51,730 | +68.1% |
| Taxes, remuneration and social security | 45 | €206,746 | €274,003 | +€67,257 | +32.5% |
| Taxes | 450/3 | €111,650 | €119,248 | +€7,599 | +6.8% |
| Remuneration and social security | 454/9 | €95,096 | €154,755 | +€59,658 | +62.7% |
| Accrued charges and deferred income | 492/3 | €8,741 | €2,528 | -€6,214 | -71.1% |
| Non-recurring operating income | 76A | €74,144 | €21,088 | -€53,056 | -71.6% |
| Remuneration, social security and pensions | 62 | €1,335,650 | €1,541,760 | +€206,110 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,877 | €41,665 | -€9,212 | -18.1% |
| Other operating charges | 640/8 | €4,132 | €2,277 | -€1,855 | -44.9% |
| Non-recurring operating charges | 66A | - | €7,267 | +€7,267 | |
| Gross operating margin | 9900 | €1,500,777 | €1,649,458 | +€148,681 | +9.9% |
| Operating profit (loss) | 9901 | €110,118 | €56,489 | -€53,629 | -48.7% |
| Financial income | 75/76B | €2,267 | €28 | -€2,239 | -98.8% |
| Recurring financial income | 75 | €2,267 | €28 | -€2,239 | -98.8% |
| Financial charges | 65/66B | €66,170 | €45,506 | -€20,664 | -31.2% |
| Recurring financial charges | 65 | €66,170 | €45,506 | -€20,664 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €46,215 | €11,011 | -€35,204 | -76.2% |
| Income taxes | 67/77 | €32,747 | €18,677 | -€14,071 | -43.0% |
| Profit (loss) for the period | 9904 | €13,468 | -€7,666 | -€21,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,468 | -€7,666 | -€21,133 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.