CODE IMMO: 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 IMMO
Largest movements
- Cash +€10,311
up €10,311 (+61523.8%), from €17 to €10,328
mainly Net result for the year (+€10,360) and Tax, wage and social debts (+€2,283)
- Tangible fixed assets +€1,954
new in 2025: €1,954
- Receivables within one year +€1,418
up €1,418 (+17.1%), from €8,275 to €9,693
of which Trade receivables: +€982
- Reserves +€12,301
new in 2025: €12,301
- Tax, wage and social debts +€2,283
up €2,283 (+83.7%), from €2,728 to €5,011
- Profit (loss) carried forward -€1,941
no longer reported in 2025 (was €1,941)
- Trade debts +€1,136
up €1,136 (+31.4%), from €3,623 to €4,759
- Taxes +€1,438
up €1,438 (+109.9%), from €1,308 to €2,746
- Gross operating margin +€1,334
up €1,334 (+11.3%), from €11,817 to €13,152
- Financial income +€134
up €134 (+50.9%), from €263 to €397
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 | €8,292 | €22,071 | +€13,779 | +166.2% |
| Fixed assets | 21/28 | - | €1,954 | +€1,954 | |
| Tangible fixed assets | 22/27 | - | €1,954 | +€1,954 | |
| Furniture and vehicles | 24 | - | €1,954 | +€1,954 | |
| Current assets | 29/58 | €8,292 | €20,117 | +€11,825 | +142.6% |
| Amounts receivable within one year | 40/41 | €8,275 | €9,693 | +€1,418 | +17.1% |
| Trade receivables | 40 | €1,355 | €2,338 | +€982 | +72.5% |
| Other amounts receivable | 41 | €6,920 | €7,355 | +€435 | +6.3% |
| Cash at bank and in hand | 54/58 | €17 | €10,328 | +€10,311 | +61523.8% |
| Deferred charges and accrued income | 490/1 | - | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €8,292 | €22,071 | +€13,779 | +166.2% |
| Equity | 10/15 | €1,941 | €12,301 | +€10,360 | +533.7% |
| Reserves | 13 | - | €12,301 | +€12,301 | |
| Distributable reserves | 133 | - | €12,301 | +€12,301 | |
| Profit (loss) carried forward | 14 | €1,941 | - | -€1,941 | |
| Amounts payable | 17/49 | €6,351 | €9,771 | +€3,420 | +53.8% |
| Amounts payable within one year | 42/48 | €6,351 | €9,771 | +€3,420 | +53.8% |
| Trade debts | 44 | €3,623 | €4,759 | +€1,136 | +31.4% |
| Suppliers | 440/4 | €3,623 | €4,759 | +€1,136 | +31.4% |
| Taxes, remuneration and social security | 45 | €2,728 | €5,011 | +€2,283 | +83.7% |
| Taxes | 450/3 | €2,728 | €5,011 | +€2,283 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €45 | +€45 | |
| Other operating charges | 640/8 | €174 | €115 | -€59 | -33.9% |
| Gross operating margin | 9900 | €11,817 | €13,152 | +€1,334 | +11.3% |
| Operating profit (loss) | 9901 | €11,643 | €12,992 | +€1,349 | +11.6% |
| Financial income | 75/76B | €263 | €397 | +€134 | +50.9% |
| Recurring financial income | 75 | €263 | €397 | +€134 | +50.9% |
| Financial charges | 65/66B | €213 | €284 | +€71 | +33.2% |
| Recurring financial charges | 65 | €213 | €284 | +€71 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €11,694 | €13,105 | +€1,412 | +12.1% |
| Income taxes | 67/77 | €1,308 | €2,746 | +€1,438 | +109.9% |
| Profit (loss) for the period | 9904 | €10,386 | €10,360 | -€26 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,386 | €10,360 | -€26 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.