CODATA SERVICES: 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.
What changed
CODATA SERVICES
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€746,100
31-12-2024 · €910,379-€164,279
Equity
€1.8m
31-12-2024 · €1.7m+€46,100
Cash
€386,759
31-12-2024 · €1.1m-€705,616
Balance sheet total
€2.7m
31-12-2024 · €2.7m+€699
Largest movements
Assets
- Receivables within one year +€723,677
up €723,677 (+47.0%), from €1.5m to €2.3m
of which Other amounts receivable: +€710,268
- Cash -€705,616
down €705,616 (-64.6%), from €1.1m to €386,759
mainly Receivables within one year (-€723,677) and Contributions, distributions and other (-€700,000)
Equity and liabilities
- Profit (loss) carried forward +€46,100
up €46,100 (+3.5%), from €1.3m to €1.3m
- Trade debts -€38,766
down €38,766 (-39.8%), from €97,361 to €58,595
Income statement
- Staff costs +€144,538
up €144,538 (+12.9%), from €1.1m to €1.3m
- Gross operating margin -€51,319
down €51,319 (-2.5%), from €2.1m to €2.0m
- Write-downs -€36,430
down €36,430 (-73.5%), from €49,590 to €13,160
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€910,379
Gross operating margin
-€51,319
Staff costs
-€144,538
Depreciation
+€12,257
Write-downs
+€36,430
Other operating charges
-€1,004
Financial income
-€8,731
Financial charges
-€1,722
Taxes
-€5,652
Result 31-12-2025
€746,100
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3,120
Investment
-€2,496
Financing
-€700,000
Cash 31-12-2024
€1.1m
From operations (derived)
-€3,120
Net result for the year
+€746,100
Depreciation
+€20,583
Receivables within one year
-€723,677
Smaller working-capital items
-€808
Trade debts
-€38,766
Tax, wage and social debts
-€6,552
Investment (derived)
-€2,496
Investment in fixed assets (net)
-€2,496
Financing
-€700,000
Contributions, distributions and other
-€700,000
Cash 31-12-2025
€386,759
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,734,963 | €2,735,662 | +€699 | 0.0% |
| Fixed assets | 21/28 | €36,170 | €18,083 | -€18,087 | -50.0% |
| Intangible fixed assets | 21 | €5,662 | €340 | -€5,322 | -94.0% |
| Tangible fixed assets | 22/27 | €23,208 | €10,077 | -€13,131 | -56.6% |
| Plant, machinery and equipment | 23 | €10,975 | €4,737 | -€6,238 | -56.8% |
| Furniture and vehicles | 24 | €12,233 | €5,340 | -€6,893 | -56.3% |
| Financial fixed assets | 28 | €7,300 | €7,666 | +€366 | +5.0% |
| Current assets | 29/58 | €2,698,793 | €2,717,579 | +€18,786 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,539,786 | €2,263,463 | +€723,677 | +47.0% |
| Trade receivables | 40 | €595,598 | €609,007 | +€13,409 | +2.3% |
| Other amounts receivable | 41 | €944,188 | €1,654,456 | +€710,268 | +75.2% |
| Cash at bank and in hand | 54/58 | €1,092,375 | €386,759 | -€705,616 | -64.6% |
| Deferred charges and accrued income | 490/1 | €66,632 | €67,357 | +€725 | +1.1% |
| Total equity and liabilities | 10/49 | €2,734,963 | €2,735,662 | +€699 | 0.0% |
| Equity | 10/15 | €1,732,182 | €1,778,282 | +€46,100 | +2.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €130,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,302,182 | €1,348,282 | +€46,100 | +3.5% |
| Amounts payable | 17/49 | €1,002,781 | €957,380 | -€45,401 | -4.5% |
| Amounts payable within one year | 42/48 | €1,002,634 | €957,316 | -€45,318 | -4.5% |
| Trade debts | 44 | €97,361 | €58,595 | -€38,766 | -39.8% |
| Suppliers | 440/4 | €97,361 | €58,595 | -€38,766 | -39.8% |
| Taxes, remuneration and social security | 45 | €205,273 | €198,721 | -€6,552 | -3.2% |
| Taxes | 450/3 | €50,194 | €60,514 | +€10,320 | +20.6% |
| Remuneration and social security | 454/9 | €155,079 | €138,207 | -€16,872 | -10.9% |
| Other amounts payable | 47/48 | €700,000 | €700,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €147 | €64 | -€83 | -56.5% |
| Non-recurring operating income | 76A | €16,447 | €1,826 | -€14,621 | -88.9% |
| Remuneration, social security and pensions | 62 | €1,116,247 | €1,260,785 | +€144,538 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,840 | €20,583 | -€12,257 | -37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,590 | €13,160 | -€36,430 | -73.5% |
| Other operating charges | 640/8 | €10,829 | €11,833 | +€1,004 | +9.3% |
| Gross operating margin | 9900 | €2,092,580 | €2,041,261 | -€51,319 | -2.5% |
| Operating profit (loss) | 9901 | €883,074 | €734,900 | -€148,174 | -16.8% |
| Financial income | 75/76B | €44,562 | €35,831 | -€8,731 | -19.6% |
| Recurring financial income | 75 | €44,562 | €35,831 | -€8,731 | -19.6% |
| Financial charges | 65/66B | €8,481 | €10,203 | +€1,722 | +20.3% |
| Recurring financial charges | 65 | €8,481 | €10,203 | +€1,722 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €919,155 | €760,528 | -€158,627 | -17.3% |
| Income taxes | 67/77 | €8,776 | €14,428 | +€5,652 | +64.4% |
| Profit (loss) for the period | 9904 | €910,379 | €746,100 | -€164,279 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €910,379 | €746,100 | -€164,279 | -18.0% |
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.