CODEART asbl: 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.
CODEART asbl
Largest movements
- Cash +€131,501
up €131,501 (+133%), from €99,167 to €230,668
mainly Debts within one year (+€82,163) and Net result for the year (+€29,569)
- Receivables within one year -€10,995
down €10,995 (-29.3%), from €37,541 to €26,546
of which Other amounts receivable: -€17,425
- Debts within one year +€82,163
up €82,163 (+101%), from €81,008 to €163,171
- Profit (loss) carried forward +€29,569
up €29,569 (+43.3%), from €68,270 to €97,839
- Accrued charges and deferred income +€4,928
up €4,928 (+12.9%), from €38,235 to €43,163
- Gross operating margin +€56,891
up €56,891 (+228%), from €24,998 to €81,889
- Turnover +€39,272
up €39,272 (+678%), from €5,796 to €45,068
- Staff costs +€36,279
up €36,279 (+312%), from €11,637 to €47,916
- Write-downs +€3,861
no longer reported in 2025 (was -€3,861)
- Purchases and services -€3,360
down €3,360 (-3.7%), from €91,910 to €88,550
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 | €191,652 | €308,312 | +€116,660 | +60.9% |
| Fixed assets | 21/28 | €3,206 | €474 | -€2,732 | -85.2% |
| Tangible fixed assets | 22/27 | €3,206 | €474 | -€2,732 | -85.2% |
| Plant, machinery and equipment | 23 | €3,206 | €474 | -€2,732 | -85.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €188,446 | €307,838 | +€119,392 | +63.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €49,289 | €49,288 | -€1 | 0.0% |
| Stocks | 30/36 | €49,289 | €49,288 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €37,541 | €26,546 | -€10,995 | -29.3% |
| Trade receivables | 40 | €12,748 | €19,178 | +€6,430 | +50.4% |
| Other amounts receivable | 41 | €24,793 | €7,368 | -€17,425 | -70.3% |
| Cash at bank and in hand | 54/58 | €99,167 | €230,668 | +€131,501 | +133% |
| Deferred charges and accrued income | 490/1 | €2,449 | €1,336 | -€1,113 | -45.4% |
| Total equity and liabilities | 10/49 | €191,652 | €308,312 | +€116,660 | +60.9% |
| Equity | 10/15 | €68,270 | €97,839 | +€29,569 | +43.3% |
| Contributions | 10/11 | €0 | - | = | |
| Capital | 10 | €0 | - | = | |
| Revaluation surpluses | 12 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €68,270 | €97,839 | +€29,569 | +43.3% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €4,139 | €4,139 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,139 | €4,139 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,139 | €4,139 | = | 0.0% |
| Amounts payable | 17/49 | €119,243 | €206,334 | +€87,091 | +73.0% |
| Amounts payable within one year | 42/48 | €81,008 | €163,171 | +€82,163 | +101% |
| Trade debts | 44 | €3,091 | €17,511 | +€14,420 | +467% |
| Suppliers | 440/4 | €3,091 | €17,511 | +€14,420 | +467% |
| Advances received on contracts in progress | 46 | €67,359 | €80,034 | +€12,675 | +18.8% |
| Taxes, remuneration and social security | 45 | €5,598 | - | -€5,598 | |
| Remuneration and social security | 454/9 | €5,598 | - | -€5,598 | |
| Accrued charges and deferred income | 492/3 | €38,235 | €43,163 | +€4,928 | +12.9% |
| Turnover | 70 | €5,796 | €45,068 | +€39,272 | +678% |
| Membership fees, donations, legacies and grants | 73 | €110,149 | €125,291 | +€15,142 | +13.7% |
| Non-recurring operating income | 76A | €962 | €80 | -€882 | -91.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €91,910 | €88,550 | -€3,360 | -3.7% |
| Remuneration, social security and pensions | 62 | €11,637 | €47,916 | +€36,279 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,906 | €2,732 | -€174 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,861 | - | +€3,861 | |
| Other operating charges | 640/8 | €2,730 | €1,801 | -€929 | -34.0% |
| Gross operating margin | 9900 | €24,998 | €81,889 | +€56,891 | +228% |
| Operating profit (loss) | 9901 | €11,586 | €29,440 | +€17,854 | +154% |
| Financial income | 75/76B | €686 | €437 | -€249 | -36.3% |
| Recurring financial income | 75 | €686 | €437 | -€249 | -36.3% |
| Non-recurring financial income | 76B | €686 | €437 | -€249 | -36.3% |
| Financial charges | 65/66B | €78 | €308 | +€230 | +295% |
| Recurring financial charges | 65 | €78 | €308 | +€230 | +295% |
| Profit (loss) for the period before taxes | 9903 | €12,194 | €29,569 | +€17,375 | +142% |
| Profit (loss) for the period | 9904 | €12,194 | €29,569 | +€17,375 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €12,194 | €29,569 | +€17,375 | +142% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.