CODE-IS-POETRY: 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-IS-POETRY
Largest movements
- Cash +€51,583
up €51,583 (+69.7%), from €74,028 to €125,610
mainly Net result for the year (+€77,681) and Other debts (+€2,987)
- Receivables within one year +€24,242
up €24,242 (+115%), from €20,999 to €45,240
of which Trade receivables: +€24,271
- Tangible fixed assets +€2,363
new in 2025: €2,363
- Reserves +€77,500
up €77,500 (+108%), from €72,000 to €149,500
- Other debts +€2,987
up €2,987 (+299%), from €1,000 to €3,987
- Tax, wage and social debts -€2,866
down €2,866 (-15.6%), from €18,396 to €15,531
- Gross operating margin +€8,933
up €8,933 (+9.9%), from €90,660 to €99,594
- Taxes +€2,297
up €2,297 (+12.7%), from €18,110 to €20,407
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 | €95,026 | €173,214 | +€78,188 | +82.3% |
| Fixed assets | 21/28 | - | €2,363 | +€2,363 | |
| Tangible fixed assets | 22/27 | - | €2,363 | +€2,363 | |
| Furniture and vehicles | 24 | - | €2,363 | +€2,363 | |
| Current assets | 29/58 | €95,026 | €170,851 | +€75,824 | +79.8% |
| Amounts receivable within one year | 40/41 | €20,999 | €45,240 | +€24,242 | +115% |
| Trade receivables | 40 | €15,325 | €39,596 | +€24,271 | +158% |
| Other amounts receivable | 41 | €5,674 | €5,644 | -€30 | -0.5% |
| Cash at bank and in hand | 54/58 | €74,028 | €125,610 | +€51,583 | +69.7% |
| Total equity and liabilities | 10/49 | €95,026 | €173,214 | +€78,188 | +82.3% |
| Equity | 10/15 | €75,302 | €152,984 | +€77,681 | +103% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,000 | €149,500 | +€77,500 | +108% |
| Distributable reserves | 133 | €72,000 | €149,500 | +€77,500 | +108% |
| Profit (loss) carried forward | 14 | €302 | €484 | +€181 | +60.0% |
| Amounts payable | 17/49 | €19,724 | €20,230 | +€506 | +2.6% |
| Amounts payable within one year | 42/48 | €19,724 | €20,230 | +€506 | +2.6% |
| Trade debts | 44 | €328 | €712 | +€384 | +117% |
| Suppliers | 440/4 | €328 | €712 | +€384 | +117% |
| Taxes, remuneration and social security | 45 | €18,396 | €15,531 | -€2,866 | -15.6% |
| Taxes | 450/3 | €18,396 | €15,531 | -€2,866 | -15.6% |
| Other amounts payable | 47/48 | €1,000 | €3,987 | +€2,987 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €512 | +€512 | |
| Other operating charges | 640/8 | €322 | €1,089 | +€767 | +238% |
| Gross operating margin | 9900 | €90,660 | €99,594 | +€8,933 | +9.9% |
| Operating profit (loss) | 9901 | €90,338 | €97,993 | +€7,654 | +8.5% |
| Financial income | 75/76B | €74 | €244 | +€170 | +230% |
| Recurring financial income | 75 | €74 | €244 | +€170 | +230% |
| Financial charges | 65/66B | - | €149 | +€149 | |
| Recurring financial charges | 65 | - | €149 | +€149 | |
| Profit (loss) for the period before taxes | 9903 | €90,412 | €98,088 | +€7,676 | +8.5% |
| Income taxes | 67/77 | €18,110 | €20,407 | +€2,297 | +12.7% |
| Profit (loss) for the period | 9904 | €72,302 | €77,681 | +€5,379 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,302 | €77,681 | +€5,379 | +7.4% |
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 30 October 2026 via checked.be.