CODE16: 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.
CODE16
Largest movements
- Cash -€7,579
down €7,579 (-24.6%), from €30,785 to €23,207
mainly Other debts (-€7,787) and Trade debts (-€2,212)
- Tangible fixed assets -€3,721
down €3,721 (-69.7%), from €5,340 to €1,619
of which Furniture and vehicles: -€3,380
- Receivables within one year +€1,717
up €1,717 (+225%), from €763 to €2,481
- Deferred charges and accrued income +€553
up €553 (+36.5%), from €1,517 to €2,070
- Other debts -€7,787
down €7,787 (-79.1%), from €9,846 to €2,059
- Trade debts -€2,212
down €2,212 (-43.9%), from €5,038 to €2,826
- Tax, wage and social debts +€796
up €796 (+17.6%), from €4,525 to €5,320
of which Taxes: +€778
- Depreciation -€1,240
down €1,240 (-25.0%), from €4,961 to €3,721
- Taxes +€318
up €318 (+43.7%), from €728 to €1,046
- Gross operating margin -€144
down €144 (-2.0%), from €7,031 to €6,888
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 | €38,406 | €29,377 | -€9,029 | -23.5% |
| Fixed assets | 21/28 | €5,340 | €1,619 | -€3,721 | -69.7% |
| Tangible fixed assets | 22/27 | €5,340 | €1,619 | -€3,721 | -69.7% |
| Plant, machinery and equipment | 23 | €1,146 | €805 | -€341 | -29.7% |
| Furniture and vehicles | 24 | €4,194 | €814 | -€3,380 | -80.6% |
| Current assets | 29/58 | €33,065 | €27,757 | -€5,308 | -16.1% |
| Amounts receivable within one year | 40/41 | €763 | €2,481 | +€1,717 | +225% |
| Trade receivables | 40 | €763 | €2,481 | +€1,717 | +225% |
| Cash at bank and in hand | 54/58 | €30,785 | €23,207 | -€7,579 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,517 | €2,070 | +€553 | +36.5% |
| Total equity and liabilities | 10/49 | €38,406 | €29,377 | -€9,029 | -23.5% |
| Equity | 10/15 | €18,996 | €19,170 | +€174 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396 | €570 | +€174 | +43.9% |
| Distributable reserves | 133 | €396 | €570 | +€174 | +43.9% |
| Amounts payable | 17/49 | €19,409 | €10,206 | -€9,203 | -47.4% |
| Amounts payable within one year | 42/48 | €19,409 | €10,206 | -€9,203 | -47.4% |
| Trade debts | 44 | €5,038 | €2,826 | -€2,212 | -43.9% |
| Suppliers | 440/4 | €5,038 | €2,826 | -€2,212 | -43.9% |
| Taxes, remuneration and social security | 45 | €4,525 | €5,320 | +€796 | +17.6% |
| Taxes | 450/3 | €1,869 | €2,646 | +€778 | +41.6% |
| Remuneration and social security | 454/9 | €2,656 | €2,674 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €9,846 | €2,059 | -€7,787 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,961 | €3,721 | -€1,240 | -25.0% |
| Other operating charges | 640/8 | €913 | €969 | +€56 | +6.1% |
| Gross operating margin | 9900 | €7,031 | €6,888 | -€144 | -2.0% |
| Operating profit (loss) | 9901 | €1,158 | €2,198 | +€1,040 | +89.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -58.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -58.3% |
| Financial charges | 65/66B | €116 | €145 | +€29 | +24.9% |
| Recurring financial charges | 65 | €116 | €145 | +€29 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €1,042 | €2,053 | +€1,011 | +97.1% |
| Income taxes | 67/77 | €728 | €1,046 | +€318 | +43.7% |
| Profit (loss) for the period | 9904 | €314 | €1,007 | +€693 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €314 | €1,007 | +€693 | +221% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.