Codebri: what changed
Codebri
Largest movements
- Cash +€30,493
up €30,493 (+34.9%), from €87,315 to €117,808
mainly Net result for the year (+€50,830) and Deferred charges and accrued income (+€1,097)
- Receivables within one year +€12,829
up €12,829 (+96.6%), from €13,280 to €26,109
- Tangible fixed assets +€4,958
new in 2025: €4,958
of which Plant, machinery and equipment: +€2,599
- Reserves +€50,830
up €50,830 (+71.5%), from €71,114 to €121,944
- Tax, wage and social debts -€3,441
down €3,441 (-13.0%), from €26,510 to €23,070
of which Taxes: -€3,441
- Gross operating margin -€26,058
down €26,058 (-27.9%), from €93,264 to €67,206
- Taxes -€5,232
down €5,232 (-28.0%), from €18,665 to €13,433
- Financial charges -€1,066
down €1,066 (-32.2%), from €3,308 to €2,242
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,236 | €150,419 | +€47,182 | +45.7% |
| Fixed assets | 21/28 | - | €4,958 | +€4,958 | |
| Tangible fixed assets | 22/27 | - | €4,958 | +€4,958 | |
| Plant, machinery and equipment | 23 | - | €2,599 | +€2,599 | |
| Other tangible fixed assets | 26 | - | €2,358 | +€2,358 | |
| Current assets | 29/58 | €103,236 | €145,461 | +€42,225 | +40.9% |
| Amounts receivable within one year | 40/41 | €13,280 | €26,109 | +€12,829 | +96.6% |
| Trade receivables | 40 | €13,280 | €26,109 | +€12,829 | +96.6% |
| Cash at bank and in hand | 54/58 | €87,315 | €117,808 | +€30,493 | +34.9% |
| Deferred charges and accrued income | 490/1 | €2,641 | €1,544 | -€1,097 | -41.5% |
| Total equity and liabilities | 10/49 | €103,236 | €150,419 | +€47,182 | +45.7% |
| Equity | 10/15 | €73,114 | €123,944 | +€50,830 | +69.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,114 | €121,944 | +€50,830 | +71.5% |
| Distributable reserves | 133 | €71,114 | €121,944 | +€50,830 | +71.5% |
| Amounts payable | 17/49 | €30,122 | €26,475 | -€3,647 | -12.1% |
| Amounts payable within one year | 42/48 | €30,122 | €26,475 | -€3,647 | -12.1% |
| Trade debts | 44 | €1,549 | €1,331 | -€218 | -14.1% |
| Suppliers | 440/4 | €1,549 | €1,331 | -€218 | -14.1% |
| Taxes, remuneration and social security | 45 | €26,510 | €23,070 | -€3,441 | -13.0% |
| Taxes | 450/3 | €24,617 | €21,176 | -€3,441 | -14.0% |
| Remuneration and social security | 454/9 | €1,893 | €1,893 | = | 0.0% |
| Other amounts payable | 47/48 | €2,063 | €2,074 | +€12 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €572 | +€572 | |
| Other operating charges | 640/8 | €176 | €128 | -€48 | -27.3% |
| Gross operating margin | 9900 | €93,264 | €67,206 | -€26,058 | -27.9% |
| Operating profit (loss) | 9901 | €93,088 | €66,505 | -€26,582 | -28.6% |
| Financial charges | 65/66B | €3,308 | €2,242 | -€1,066 | -32.2% |
| Recurring financial charges | 65 | €3,308 | €2,242 | -€1,066 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €89,779 | €64,263 | -€25,516 | -28.4% |
| Income taxes | 67/77 | €18,665 | €13,433 | -€5,232 | -28.0% |
| Profit (loss) for the period | 9904 | €71,114 | €50,830 | -€20,284 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,114 | €50,830 | -€20,284 | -28.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.