CODE FOUNDRY: 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 FOUNDRY
Largest movements
- Tangible fixed assets -€41,444
down €41,444 (-7.7%), from €540,038 to €498,594
of which Land and buildings: -€36,319
- Cash +€23,144
up €23,144 (+44.6%), from €51,911 to €75,054
mainly Depreciation (+€43,644) and Net result for the year (+€33,350)
- Receivables within one year +€21,047
up €21,047 (+4011.2%), from €525 to €21,572
of which Trade receivables: +€21,568
- Debts after one year -€33,890
down €33,890 (-9.4%), from €362,351 to €328,461
- Reserves +€33,350
up €33,350 (+19.7%), from €169,604 to €202,954
- Gross operating margin +€5,191
up €5,191 (+5.5%), from €94,657 to €99,848
- Taxes +€3,363
up €3,363 (+45.0%), from €7,479 to €10,842
- Depreciation -€2,793
down €2,793 (-6.0%), from €46,437 to €43,644
- Other operating charges -€1,393
down €1,393 (-36.6%), from €3,808 to €2,415
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 | €592,473 | €595,221 | +€2,747 | +0.5% |
| Fixed assets | 21/28 | €540,038 | €498,594 | -€41,444 | -7.7% |
| Tangible fixed assets | 22/27 | €540,038 | €498,594 | -€41,444 | -7.7% |
| Land and buildings | 22 | €524,421 | €488,102 | -€36,319 | -6.9% |
| Plant, machinery and equipment | 23 | €12,113 | €10,492 | -€1,621 | -13.4% |
| Furniture and vehicles | 24 | €3,503 | - | -€3,503 | |
| Current assets | 29/58 | €52,435 | €96,626 | +€44,191 | +84.3% |
| Amounts receivable within one year | 40/41 | €525 | €21,572 | +€21,047 | +4011.2% |
| Trade receivables | 40 | - | €21,568 | +€21,568 | |
| Other amounts receivable | 41 | €525 | €4 | -€521 | -99.3% |
| Cash at bank and in hand | 54/58 | €51,911 | €75,054 | +€23,144 | +44.6% |
| Total equity and liabilities | 10/49 | €592,473 | €595,221 | +€2,747 | +0.5% |
| Equity | 10/15 | €188,204 | €221,554 | +€33,350 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,604 | €202,954 | +€33,350 | +19.7% |
| Distributable reserves | 133 | €169,604 | €202,954 | +€33,350 | +19.7% |
| Amounts payable | 17/49 | €404,269 | €373,666 | -€30,603 | -7.6% |
| Amounts payable after more than one year | 17 | €362,351 | €328,461 | -€33,890 | -9.4% |
| Financial debts | 170/4 | €362,351 | €328,461 | -€33,890 | -9.4% |
| Amounts payable within one year | 42/48 | €41,918 | €45,205 | +€3,287 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €33,924 | €34,635 | +€711 | +2.1% |
| Trade debts | 44 | €3,248 | €4,492 | +€1,245 | +38.3% |
| Suppliers | 440/4 | €3,248 | €4,492 | +€1,245 | +38.3% |
| Taxes, remuneration and social security | 45 | €2,882 | €4,598 | +€1,716 | +59.5% |
| Taxes | 450/3 | €2,882 | €3,598 | +€716 | +24.8% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,865 | €1,480 | -€384 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,437 | €43,644 | -€2,793 | -6.0% |
| Other operating charges | 640/8 | €3,808 | €2,415 | -€1,393 | -36.6% |
| Gross operating margin | 9900 | €94,657 | €99,848 | +€5,191 | +5.5% |
| Operating profit (loss) | 9901 | €44,412 | €53,789 | +€9,378 | +21.1% |
| Financial income | 75/76B | €39 | €553 | +€514 | +1326.6% |
| Recurring financial income | 75 | €39 | €553 | +€514 | +1326.6% |
| Financial charges | 65/66B | €10,757 | €10,149 | -€608 | -5.7% |
| Recurring financial charges | 65 | €10,757 | €10,149 | -€608 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €33,693 | €44,193 | +€10,499 | +31.2% |
| Income taxes | 67/77 | €7,479 | €10,842 | +€3,363 | +45.0% |
| Profit (loss) for the period | 9904 | €26,214 | €33,350 | +€7,136 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,214 | €33,350 | +€7,136 | +27.2% |
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.