CODE&RUN: 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&RUN
Largest movements
- Cash +€10,393
up €10,393 (+40.0%), from €25,975 to €36,368
mainly Net result for the year (+€17,693) and Receivables within one year (+€2,639)
- Receivables within one year -€2,639
down €2,639 (-9.7%), from €27,226 to €24,587
- Tangible fixed assets +€1,474
up €1,474 (+25.7%), from €5,731 to €7,205
of which Furniture and vehicles: +€1,799
- Profit (loss) carried forward +€17,693
up €17,693 (+1653509.3%), from €1 to €17,694
- Tax, wage and social debts -€8,420
down €8,420 (-42.7%), from €19,716 to €11,296
- Gross operating margin -€25,562
down €25,562 (-50.8%), from €50,311 to €24,749
- Taxes -€8,959
down €8,959 (-66.2%), from €13,535 to €4,577
- Depreciation +€2,214
up €2,214 (+1642.5%), from €135 to €2,349
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 | €58,932 | €68,161 | +€9,229 | +15.7% |
| Fixed assets | 21/28 | €5,731 | €7,205 | +€1,474 | +25.7% |
| Tangible fixed assets | 22/27 | €5,731 | €7,205 | +€1,474 | +25.7% |
| Plant, machinery and equipment | 23 | €5,731 | €5,406 | -€325 | -5.7% |
| Furniture and vehicles | 24 | - | €1,799 | +€1,799 | |
| Current assets | 29/58 | €53,201 | €60,955 | +€7,754 | +14.6% |
| Amounts receivable within one year | 40/41 | €27,226 | €24,587 | -€2,639 | -9.7% |
| Trade receivables | 40 | €27,226 | €24,587 | -€2,639 | -9.7% |
| Cash at bank and in hand | 54/58 | €25,975 | €36,368 | +€10,393 | +40.0% |
| Total equity and liabilities | 10/49 | €58,932 | €68,161 | +€9,229 | +15.7% |
| Equity | 10/15 | €39,141 | €56,834 | +€17,693 | +45.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €36,640 | €36,640 | = | 0.0% |
| Distributable reserves | 133 | €36,640 | €36,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | €17,694 | +€17,693 | +1653509.3% |
| Amounts payable | 17/49 | €19,791 | €11,327 | -€8,464 | -42.8% |
| Amounts payable within one year | 42/48 | €19,791 | €11,327 | -€8,464 | -42.8% |
| Trade debts | 44 | €75 | €32 | -€44 | -58.1% |
| Suppliers | 440/4 | €75 | €32 | -€44 | -58.1% |
| Taxes, remuneration and social security | 45 | €19,716 | €11,296 | -€8,420 | -42.7% |
| Taxes | 450/3 | €19,716 | €11,296 | -€8,420 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €2,349 | +€2,214 | +1642.5% |
| Gross operating margin | 9900 | €50,311 | €24,749 | -€25,562 | -50.8% |
| Operating profit (loss) | 9901 | €50,176 | €22,400 | -€27,776 | -55.4% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | - | €206 | +€206 | |
| Recurring financial charges | 65 | - | €206 | +€206 | |
| Profit (loss) for the period before taxes | 9903 | €50,176 | €22,269 | -€27,907 | -55.6% |
| Income taxes | 67/77 | €13,535 | €4,577 | -€8,959 | -66.2% |
| Profit (loss) for the period | 9904 | €36,641 | €17,693 | -€18,949 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,641 | €17,693 | -€18,949 | -51.7% |
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.