CODEBASE: 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.
CODEBASE
Largest movements
- Cash -€9,905
down €9,905 (-21.4%), from €46,274 to €36,369
mainly Contributions, distributions and other (-€75,000) and Debts after one year (-€9,926)
- Receivables within one year +€9,571
up €9,571 (+34.6%), from €27,676 to €37,247
of which Trade receivables: +€8,672
- Tangible fixed assets -€6,723
down €6,723 (-27.5%), from €24,429 to €17,706
- Other debts +€40,000
new in 2025: €40,000
- Reserves -€34,896
down €34,896 (-62.3%), from €55,998 to €21,102
- Debts after one year -€9,926
down €9,926 (-52.9%), from €18,747 to €8,822
- Tax, wage and social debts -€3,643
down €3,643 (-32.9%), from €11,076 to €7,433
- Trade debts +€1,302
up €1,302 (+339.3%), from €384 to €1,686
- Taxes +€1,076
up €1,076 (+10.3%), from €10,500 to €11,576
- Gross operating margin +€775
up €775 (+1.2%), from €63,311 to €64,086
- Financial income +€765
up €765 (+159329.2%), from €0 to €765
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 | €98,456 | €91,968 | -€6,488 | -6.6% |
| Fixed assets | 21/28 | €24,429 | €17,706 | -€6,723 | -27.5% |
| Tangible fixed assets | 22/27 | €24,429 | €17,706 | -€6,723 | -27.5% |
| Furniture and vehicles | 24 | €24,429 | €17,706 | -€6,723 | -27.5% |
| Current assets | 29/58 | €74,027 | €74,262 | +€235 | +0.3% |
| Amounts receivable within one year | 40/41 | €27,676 | €37,247 | +€9,571 | +34.6% |
| Trade receivables | 40 | €15,255 | €23,926 | +€8,672 | +56.8% |
| Other amounts receivable | 41 | €12,421 | €13,321 | +€900 | +7.2% |
| Cash at bank and in hand | 54/58 | €46,274 | €36,369 | -€9,905 | -21.4% |
| Deferred charges and accrued income | 490/1 | €77 | €646 | +€569 | +742.8% |
| Total equity and liabilities | 10/49 | €98,456 | €91,968 | -€6,488 | -6.6% |
| Equity | 10/15 | €58,998 | €24,102 | -€34,896 | -59.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,998 | €21,102 | -€34,896 | -62.3% |
| Distributable reserves | 133 | €55,998 | €21,102 | -€34,896 | -62.3% |
| Amounts payable | 17/49 | €39,458 | €67,866 | +€28,408 | +72.0% |
| Amounts payable after more than one year | 17 | €18,747 | €8,822 | -€9,926 | -52.9% |
| Financial debts | 170/4 | €18,747 | €8,822 | -€9,926 | -52.9% |
| Amounts payable within one year | 42/48 | €20,711 | €59,044 | +€38,334 | +185.1% |
| Current portion of amounts payable after more than one year | 42 | €9,251 | €9,926 | +€674 | +7.3% |
| Trade debts | 44 | €384 | €1,686 | +€1,302 | +339.3% |
| Suppliers | 440/4 | €384 | €1,686 | +€1,302 | +339.3% |
| Taxes, remuneration and social security | 45 | €11,076 | €7,433 | -€3,643 | -32.9% |
| Taxes | 450/3 | €11,076 | €7,433 | -€3,643 | -32.9% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €1,848 | €2,266 | +€418 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,704 | €6,723 | +€19 | +0.3% |
| Other operating charges | 640/8 | €1,183 | €1,475 | +€292 | +24.6% |
| Gross operating margin | 9900 | €63,311 | €64,086 | +€775 | +1.2% |
| Operating profit (loss) | 9901 | €53,576 | €53,622 | +€47 | +0.1% |
| Financial income | 75/76B | €0 | €765 | +€765 | +159329.2% |
| Recurring financial income | 75 | €0 | €765 | +€765 | +159329.2% |
| Financial charges | 65/66B | €3,255 | €2,708 | -€547 | -16.8% |
| Recurring financial charges | 65 | €3,255 | €2,708 | -€547 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €50,322 | €51,680 | +€1,358 | +2.7% |
| Income taxes | 67/77 | €10,500 | €11,576 | +€1,076 | +10.3% |
| Profit (loss) for the period | 9904 | €39,822 | €40,104 | +€282 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,822 | €40,104 | +€282 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.