CODE BARRE: 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.
CODE BARRE
Largest movements
- Cash +€19,259
up €19,259 (+23.2%), from €83,169 to €102,428
mainly Receivables within one year (+€8,369) and Depreciation (+€6,160)
- Receivables within one year -€8,369
down €8,369 (-32.2%), from €26,015 to €17,646
- Tangible fixed assets -€6,160
down €6,160 (-59.8%), from €10,293 to €4,133
- Debts after one year -€4,793
down €4,793 (-57.1%), from €8,388 to €3,595
- Profit (loss) carried forward +€4,764
up €4,764 (+6.5%), from €73,242 to €78,006
- Trade debts +€3,569
up €3,569 (+162.0%), from €2,204 to €5,773
- Other debts +€1,682
up €1,682 (+26.9%), from €6,257 to €7,939
- Gross operating margin -€8,732
down €8,732 (-33.7%), from €25,880 to €17,148
- Taxes +€3,913
up €3,913 (+304.4%), from €1,286 to €5,199
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 | €119,790 | €124,257 | +€4,467 | +3.7% |
| Fixed assets | 21/28 | €10,293 | €4,133 | -€6,160 | -59.8% |
| Tangible fixed assets | 22/27 | €10,293 | €4,133 | -€6,160 | -59.8% |
| Furniture and vehicles | 24 | €10,293 | €4,133 | -€6,160 | -59.8% |
| Current assets | 29/58 | €109,497 | €120,124 | +€10,627 | +9.7% |
| Amounts receivable within one year | 40/41 | €26,015 | €17,646 | -€8,369 | -32.2% |
| Trade receivables | 40 | €26,015 | €17,646 | -€8,369 | -32.2% |
| Cash at bank and in hand | 54/58 | €83,169 | €102,428 | +€19,259 | +23.2% |
| Deferred charges and accrued income | 490/1 | €313 | €50 | -€263 | -84.0% |
| Total equity and liabilities | 10/49 | €119,790 | €124,257 | +€4,467 | +3.7% |
| Equity | 10/15 | €93,065 | €97,829 | +€4,764 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,223 | €1,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,223 | €1,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,223 | €1,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,242 | €78,006 | +€4,764 | +6.5% |
| Amounts payable | 17/49 | €26,725 | €26,428 | -€296 | -1.1% |
| Amounts payable after more than one year | 17 | €8,388 | €3,595 | -€4,793 | -57.1% |
| Financial debts | 170/4 | €8,388 | €3,595 | -€4,793 | -57.1% |
| Amounts payable within one year | 42/48 | €18,337 | €22,834 | +€4,497 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €4,793 | €4,793 | = | 0.0% |
| Trade debts | 44 | €2,204 | €5,773 | +€3,569 | +162.0% |
| Suppliers | 440/4 | €2,204 | €5,773 | +€3,569 | +162.0% |
| Taxes, remuneration and social security | 45 | €5,083 | €4,329 | -€754 | -14.8% |
| Taxes | 450/3 | €5,083 | €4,329 | -€754 | -14.8% |
| Other amounts payable | 47/48 | €6,257 | €7,939 | +€1,682 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,160 | €6,160 | = | 0.0% |
| Other operating charges | 640/8 | €614 | €630 | +€16 | +2.6% |
| Gross operating margin | 9900 | €25,880 | €17,148 | -€8,732 | -33.7% |
| Operating profit (loss) | 9901 | €19,106 | €10,358 | -€8,748 | -45.8% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €507 | €395 | -€112 | -22.0% |
| Recurring financial charges | 65 | €507 | €395 | -€112 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €18,616 | €9,963 | -€8,654 | -46.5% |
| Income taxes | 67/77 | €1,286 | €5,199 | +€3,913 | +304.4% |
| Profit (loss) for the period | 9904 | €17,331 | €4,764 | -€12,567 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,331 | €4,764 | -€12,567 | -72.5% |
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 29 September 2026 via checked.be.