CodeCanoe: 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.
CodeCanoe
Largest movements
- Receivables within one year -€17,308
down €17,308 (-70.7%), from €24,480 to €7,172
of which Other amounts receivable: -€14,120
- Tangible fixed assets -€11,537
down €11,537 (-29.8%), from €38,776 to €27,239
- Cash +€4,004
up €4,004 (+12.3%), from €32,635 to €36,639
mainly Net result for the year (+€17,552) and Receivables within one year (+€17,308)
- Reserves -€24,644
down €24,644 (-100.0%), from €24,644 to €0
- Accrued charges and deferred income -€1,656
down €1,656 (-100.0%), from €1,656 to €0
- Gross operating margin -€8,300
down €8,300 (-19.1%), from €43,406 to €35,106
- Taxes -€1,348
down €1,348 (-20.1%), from €6,690 to €5,342
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 | €96,532 | €71,393 | -€25,138 | -26.0% |
| Fixed assets | 21/28 | €38,776 | €27,239 | -€11,537 | -29.8% |
| Tangible fixed assets | 22/27 | €38,776 | €27,239 | -€11,537 | -29.8% |
| Furniture and vehicles | 24 | €38,776 | €27,239 | -€11,537 | -29.8% |
| Current assets | 29/58 | €57,755 | €44,154 | -€13,602 | -23.6% |
| Amounts receivable within one year | 40/41 | €24,480 | €7,172 | -€17,308 | -70.7% |
| Trade receivables | 40 | €10,360 | €7,172 | -€3,188 | -30.8% |
| Other amounts receivable | 41 | €14,120 | €0 | -€14,120 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,635 | €36,639 | +€4,004 | +12.3% |
| Deferred charges and accrued income | 490/1 | €640 | €343 | -€298 | -46.5% |
| Total equity and liabilities | 10/49 | €96,532 | €71,393 | -€25,138 | -26.0% |
| Equity | 10/15 | €43,244 | €18,600 | -€24,644 | -57.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,644 | €0 | -€24,644 | -100.0% |
| Distributable reserves | 133 | €24,644 | €0 | -€24,644 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,288 | €52,793 | -€495 | -0.9% |
| Amounts payable within one year | 42/48 | €51,632 | €52,793 | +€1,161 | +2.2% |
| Trade debts | 44 | €3,276 | €2,841 | -€434 | -13.3% |
| Suppliers | 440/4 | €3,276 | €2,841 | -€434 | -13.3% |
| Taxes, remuneration and social security | 45 | €8,757 | €9,529 | +€772 | +8.8% |
| Taxes | 450/3 | €8,757 | €9,529 | +€772 | +8.8% |
| Other amounts payable | 47/48 | €39,599 | €40,423 | +€823 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,656 | €0 | -€1,656 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,246 | €11,537 | +€291 | +2.6% |
| Other operating charges | 640/8 | €739 | €607 | -€132 | -17.9% |
| Gross operating margin | 9900 | €43,406 | €35,106 | -€8,300 | -19.1% |
| Operating profit (loss) | 9901 | €31,421 | €22,962 | -€8,459 | -26.9% |
| Financial income | 75/76B | €3 | €8 | +€5 | +183.6% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +183.6% |
| Financial charges | 65/66B | €91 | €76 | -€15 | -16.0% |
| Recurring financial charges | 65 | €91 | €76 | -€15 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €31,334 | €22,894 | -€8,439 | -26.9% |
| Income taxes | 67/77 | €6,690 | €5,342 | -€1,348 | -20.1% |
| Profit (loss) for the period | 9904 | €24,644 | €17,552 | -€7,091 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,644 | €17,552 | -€7,091 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.