Code Solutions: 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 Solutions
Largest movements
- Receivables within one year +€25,754
up €25,754 (+235.2%), from €10,948 to €36,702
of which Trade receivables: +€28,718
- Cash -€20,361
down €20,361 (-29.3%), from €69,448 to €49,087
mainly Contributions, distributions and other (-€58,824) and Receivables within one year (-€25,754)
- Tangible fixed assets -€2,390
down €2,390 (-24.0%), from €9,942 to €7,552
of which Plant, machinery and equipment: -€1,228
- Other debts +€39,196
up €39,196 (+17075.1%), from €230 to €39,425
- Profit (loss) carried forward -€33,672
down €33,672 (-41.9%), from €80,421 to €46,750
- Tax, wage and social debts -€1,515
down €1,515 (-30.7%), from €4,939 to €3,424
- Trade debts -€1,285
down €1,285 (-16.1%), from €7,959 to €6,674
- Gross operating margin -€38,341
down €38,341 (-49.6%), from €77,350 to €39,009
- Taxes -€8,136
down €8,136 (-49.0%), from €16,593 to €8,457
- Depreciation -€1,391
down €1,391 (-36.8%), from €3,781 to €2,390
- Other operating charges -€854
down €854 (-60.7%), from €1,408 to €554
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 | €96,049 | €98,773 | +€2,724 | +2.8% |
| Fixed assets | 21/28 | €9,942 | €7,552 | -€2,390 | -24.0% |
| Tangible fixed assets | 22/27 | €9,942 | €7,552 | -€2,390 | -24.0% |
| Plant, machinery and equipment | 23 | €2,546 | €1,318 | -€1,228 | -48.2% |
| Other tangible fixed assets | 26 | €7,396 | €6,234 | -€1,162 | -15.7% |
| Current assets | 29/58 | €86,107 | €91,221 | +€5,115 | +5.9% |
| Amounts receivable within one year | 40/41 | €10,948 | €36,702 | +€25,754 | +235.2% |
| Trade receivables | 40 | €6,442 | €35,159 | +€28,718 | +445.8% |
| Other amounts receivable | 41 | €4,507 | €1,543 | -€2,964 | -65.8% |
| Cash at bank and in hand | 54/58 | €69,448 | €49,087 | -€20,361 | -29.3% |
| Deferred charges and accrued income | 490/1 | €5,711 | €5,432 | -€278 | -4.9% |
| Total equity and liabilities | 10/49 | €96,049 | €98,773 | +€2,724 | +2.8% |
| Equity | 10/15 | €82,921 | €49,250 | -€33,672 | -40.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,421 | €46,750 | -€33,672 | -41.9% |
| Amounts payable | 17/49 | €13,127 | €49,524 | +€36,396 | +277.3% |
| Amounts payable within one year | 42/48 | €13,127 | €49,524 | +€36,396 | +277.3% |
| Trade debts | 44 | €7,959 | €6,674 | -€1,285 | -16.1% |
| Suppliers | 440/4 | €7,959 | €6,674 | -€1,285 | -16.1% |
| Taxes, remuneration and social security | 45 | €4,939 | €3,424 | -€1,515 | -30.7% |
| Taxes | 450/3 | €4,939 | €3,424 | -€1,515 | -30.7% |
| Other amounts payable | 47/48 | €230 | €39,425 | +€39,196 | +17075.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,781 | €2,390 | -€1,391 | -36.8% |
| Other operating charges | 640/8 | €1,408 | €554 | -€854 | -60.7% |
| Gross operating margin | 9900 | €77,350 | €39,009 | -€38,341 | -49.6% |
| Operating profit (loss) | 9901 | €72,161 | €36,065 | -€36,096 | -50.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.2% |
| Financial charges | 65/66B | €1,905 | €2,456 | +€551 | +28.9% |
| Recurring financial charges | 65 | €1,905 | €2,456 | +€551 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €70,257 | €33,609 | -€36,648 | -52.2% |
| Income taxes | 67/77 | €16,593 | €8,457 | -€8,136 | -49.0% |
| Profit (loss) for the period | 9904 | €53,664 | €25,152 | -€28,512 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,664 | €25,152 | -€28,512 | -53.1% |
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 5 October 2026 via checked.be.