Code200: 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.
Code200
Largest movements
- Receivables within one year -€67,642
down €67,642 (-70.0%), from €96,575 to €28,933
of which Trade receivables: -€72,689
- Stocks and contracts +€52,845
new in 2024: €52,845
- Tangible fixed assets -€9,293
down €9,293 (-10.3%), from €90,212 to €80,919
of which Furniture and vehicles: -€5,381
- Cash -€3,916
down €3,916 (-96.1%), from €4,073 to €157
mainly Other debts (-€110,151) and Stocks and contracts (-€52,845)
- Intangible fixed assets +€2,363
up €2,363 (+11.8%), from €20,018 to €22,381
- Other debts -€110,151
down €110,151 (-82.1%), from €134,098 to €23,947
- Short-term financial debts +€55,053
up €55,053 (+1223.4%), from €4,500 to €59,553
- Trade debts +€23,007
up €23,007 (+126.7%), from €18,160 to €41,167
- Tax, wage and social debts -€16,741
down €16,741 (-54.3%), from €30,841 to €14,100
of which Remuneration and social security: -€11,356
- Current portion of long-term debt +€10,848
up €10,848 (+71.4%), from €15,202 to €26,050
- Financial charges +€9,384
up €9,384 (+505.6%), from €1,856 to €11,240
- Staff costs -€4,646
down €4,646 (-10.9%), from €42,504 to €37,858
- Gross operating margin -€4,537
down €4,537 (-5.5%), from €81,844 to €77,307
- Depreciation +€2,766
up €2,766 (+13.7%), from €20,189 to €22,955
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,825 | €186,522 | -€26,303 | -12.4% |
| Fixed assets | 21/28 | €110,230 | €103,300 | -€6,930 | -6.3% |
| Intangible fixed assets | 21 | €20,018 | €22,381 | +€2,363 | +11.8% |
| Tangible fixed assets | 22/27 | €90,212 | €80,919 | -€9,293 | -10.3% |
| Land and buildings | 22 | €68,670 | €64,855 | -€3,815 | -5.6% |
| Plant, machinery and equipment | 23 | €10,380 | €10,283 | -€97 | -0.9% |
| Furniture and vehicles | 24 | €11,162 | €5,781 | -€5,381 | -48.2% |
| Current assets | 29/58 | €102,595 | €83,222 | -€19,373 | -18.9% |
| Stocks and contracts in progress | 3 | - | €52,845 | +€52,845 | |
| Contracts in progress | 37 | - | €52,845 | +€52,845 | |
| Amounts receivable within one year | 40/41 | €96,575 | €28,933 | -€67,642 | -70.0% |
| Trade receivables | 40 | €95,765 | €23,076 | -€72,689 | -75.9% |
| Other amounts receivable | 41 | €810 | €5,857 | +€5,047 | +623.1% |
| Cash at bank and in hand | 54/58 | €4,073 | €157 | -€3,916 | -96.1% |
| Deferred charges and accrued income | 490/1 | €1,947 | €1,287 | -€660 | -33.9% |
| Total equity and liabilities | 10/49 | €212,825 | €186,522 | -€26,303 | -12.4% |
| Equity | 10/15 | -€2,841 | €448 | +€3,289 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,841 | -€4,552 | +€3,289 | +41.9% |
| Amounts payable | 17/49 | €215,666 | €186,074 | -€29,592 | -13.7% |
| Amounts payable after more than one year | 17 | €12,865 | €21,257 | +€8,392 | +65.2% |
| Financial debts | 170/4 | €12,865 | €21,257 | +€8,392 | +65.2% |
| Amounts payable within one year | 42/48 | €202,801 | €164,817 | -€37,984 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €15,202 | €26,050 | +€10,848 | +71.4% |
| Financial debts | 43 | €4,500 | €59,553 | +€55,053 | +1223.4% |
| Credit institutions | 430/8 | €4,500 | €59,553 | +€55,053 | +1223.4% |
| Trade debts | 44 | €18,160 | €41,167 | +€23,007 | +126.7% |
| Suppliers | 440/4 | €18,160 | €41,167 | +€23,007 | +126.7% |
| Taxes, remuneration and social security | 45 | €30,841 | €14,100 | -€16,741 | -54.3% |
| Taxes | 450/3 | €19,485 | €14,100 | -€5,385 | -27.6% |
| Remuneration and social security | 454/9 | €11,356 | - | -€11,356 | |
| Other amounts payable | 47/48 | €134,098 | €23,947 | -€110,151 | -82.1% |
| Remuneration, social security and pensions | 62 | €42,504 | €37,858 | -€4,646 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,189 | €22,955 | +€2,766 | +13.7% |
| Other operating charges | 640/8 | €1,641 | €1,875 | +€234 | +14.3% |
| Gross operating margin | 9900 | €81,844 | €77,307 | -€4,537 | -5.5% |
| Operating profit (loss) | 9901 | €17,510 | €14,619 | -€2,891 | -16.5% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €1,856 | €11,240 | +€9,384 | +505.6% |
| Recurring financial charges | 65 | €1,856 | €11,240 | +€9,384 | +505.6% |
| Profit (loss) for the period before taxes | 9903 | €15,654 | €3,450 | -€12,204 | -78.0% |
| Income taxes | 67/77 | €550 | €161 | -€389 | -70.7% |
| Profit (loss) for the period | 9904 | €15,104 | €3,289 | -€11,815 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,104 | €3,289 | -€11,815 | -78.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.