CODE IT: 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 IT
Largest movements
- Cash -€13,517
down €13,517 (-18.0%), from €75,171 to €61,655
mainly Contributions, distributions and other (-€57,806) and Receivables within one year (-€12,434)
- Receivables within one year +€12,434
up €12,434 (+91.0%), from €13,659 to €26,094
of which Trade receivables: +€11,798
- Tangible fixed assets +€3,566
up €3,566 (+79.3%), from €4,497 to €8,064
of which Plant, machinery and equipment: +€3,501
- Tax, wage and social debts +€1,619
up €1,619 (+27.8%), from €5,830 to €7,449
- Other debts +€980
up €980 (+1.5%), from €65,983 to €66,963
- Other operating charges -€1,722
down €1,722 (-70.4%), from €2,445 to €724
- Gross operating margin -€1,068
down €1,068 (-1.3%), from €79,761 to €78,693
- Depreciation +€1,058
up €1,058 (+54.5%), from €1,942 to €3,000
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 | €94,558 | €96,180 | +€1,622 | +1.7% |
| Fixed assets | 21/28 | €4,497 | €8,064 | +€3,566 | +79.3% |
| Tangible fixed assets | 22/27 | €4,497 | €8,064 | +€3,566 | +79.3% |
| Plant, machinery and equipment | 23 | - | €3,501 | +€3,501 | |
| Furniture and vehicles | 24 | €4,497 | €4,563 | +€65 | +1.5% |
| Current assets | 29/58 | €90,060 | €88,116 | -€1,944 | -2.2% |
| Amounts receivable within one year | 40/41 | €13,659 | €26,094 | +€12,434 | +91.0% |
| Trade receivables | 40 | €13,508 | €25,305 | +€11,798 | +87.3% |
| Other amounts receivable | 41 | €152 | €789 | +€637 | +420.1% |
| Cash at bank and in hand | 54/58 | €75,171 | €61,655 | -€13,517 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,230 | €367 | -€862 | -70.1% |
| Total equity and liabilities | 10/49 | €94,558 | €96,180 | +€1,622 | +1.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,098 | €75,720 | +€1,622 | +2.2% |
| Amounts payable within one year | 42/48 | €74,036 | €75,720 | +€1,684 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,223 | €1,308 | -€915 | -41.2% |
| Suppliers | 440/4 | €2,223 | €1,308 | -€915 | -41.2% |
| Taxes, remuneration and social security | 45 | €5,830 | €7,449 | +€1,619 | +27.8% |
| Taxes | 450/3 | €5,830 | €7,449 | +€1,619 | +27.8% |
| Other amounts payable | 47/48 | €65,983 | €66,963 | +€980 | +1.5% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,942 | €3,000 | +€1,058 | +54.5% |
| Other operating charges | 640/8 | €2,445 | €724 | -€1,722 | -70.4% |
| Gross operating margin | 9900 | €79,761 | €78,693 | -€1,068 | -1.3% |
| Operating profit (loss) | 9901 | €75,373 | €74,970 | -€404 | -0.5% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100.0% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100.0% |
| Financial charges | 65/66B | €735 | €800 | +€66 | +8.9% |
| Recurring financial charges | 65 | €735 | €800 | +€66 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €74,674 | €74,169 | -€505 | -0.7% |
| Income taxes | 67/77 | €16,848 | €16,363 | -€485 | -2.9% |
| Profit (loss) for the period | 9904 | €57,826 | €57,806 | -€19 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,826 | €57,806 | -€19 | 0.0% |
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 28 September 2026 via checked.be.