Code Cabinet: 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.
Code Cabinet
Largest movements
- Cash +€18,282
up €18,282 (+96.4%), from €18,955 to €37,237
mainly Net result for the year (+€50,679) and Depreciation (+€17,142)
- Tangible fixed assets -€15,361
down €15,361 (-31.3%), from €49,088 to €33,727
of which Furniture and vehicles: -€15,157
- Receivables within one year +€3,764
up €3,764 (+37.0%), from €10,164 to €13,928
of which Trade receivables: +€3,727
- Reserves +€50,000
up €50,000 (+500%), from €10,000 to €60,000
- Other debts -€47,187
down €47,187 (-84.9%), from €55,607 to €8,420
- Tax, wage and social debts +€7,890
up €7,890 (+128%), from €6,151 to €14,041
- Trade debts -€3,705
down €3,705 (-77.0%), from €4,811 to €1,106
- Gross operating margin +€64,671
up €64,671 (+396%), from €16,349 to €81,021
- Depreciation +€16,018
up €16,018 (+1,424%), from €1,125 to €17,142
- Taxes +€9,990
up €9,990 (+337%), from €2,965 to €12,955
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 | €78,648 | €85,374 | +€6,725 | +8.6% |
| Fixed assets | 21/28 | €49,088 | €33,727 | -€15,361 | -31.3% |
| Tangible fixed assets | 22/27 | €49,088 | €33,727 | -€15,361 | -31.3% |
| Plant, machinery and equipment | 23 | €2,648 | €2,443 | -€205 | -7.7% |
| Furniture and vehicles | 24 | €46,441 | €31,284 | -€15,157 | -32.6% |
| Current assets | 29/58 | €29,560 | €51,647 | +€22,087 | +74.7% |
| Amounts receivable within one year | 40/41 | €10,164 | €13,928 | +€3,764 | +37.0% |
| Trade receivables | 40 | €10,164 | €13,891 | +€3,727 | +36.7% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €18,955 | €37,237 | +€18,282 | +96.4% |
| Deferred charges and accrued income | 490/1 | €441 | €482 | +€41 | +9.2% |
| Total equity and liabilities | 10/49 | €78,648 | €85,374 | +€6,725 | +8.6% |
| Equity | 10/15 | €11,950 | €61,795 | +€49,846 | +417% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €60,000 | +€50,000 | +500% |
| Distributable reserves | 133 | €10,000 | €60,000 | +€50,000 | +500% |
| Profit (loss) carried forward | 14 | €950 | €795 | -€154 | -16.2% |
| Amounts payable | 17/49 | €66,699 | €23,578 | -€43,121 | -64.6% |
| Amounts payable within one year | 42/48 | €66,569 | €23,567 | -€43,002 | -64.6% |
| Trade debts | 44 | €4,811 | €1,106 | -€3,705 | -77.0% |
| Suppliers | 440/4 | €4,811 | €1,106 | -€3,705 | -77.0% |
| Taxes, remuneration and social security | 45 | €6,151 | €14,041 | +€7,890 | +128% |
| Taxes | 450/3 | €6,151 | €14,041 | +€7,890 | +128% |
| Other amounts payable | 47/48 | €55,607 | €8,420 | -€47,187 | -84.9% |
| Accrued charges and deferred income | 492/3 | €130 | €11 | -€119 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €17,142 | +€16,018 | +1,424% |
| Other operating charges | 640/8 | €438 | €132 | -€306 | -69.9% |
| Gross operating margin | 9900 | €16,349 | €81,021 | +€64,671 | +396% |
| Operating profit (loss) | 9901 | €14,786 | €63,747 | +€48,960 | +331% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €39 | €150 | +€111 | +288% |
| Recurring financial charges | 65 | €39 | €150 | +€111 | +288% |
| Profit (loss) for the period before taxes | 9903 | €14,748 | €63,634 | +€48,886 | +331% |
| Income taxes | 67/77 | €2,965 | €12,955 | +€9,990 | +337% |
| Profit (loss) for the period | 9904 | €11,783 | €50,679 | +€38,896 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €11,783 | €50,679 | +€38,896 | +330% |
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 14 October 2026 via checked.be.