CODECREATOR: 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.
CODECREATOR
Largest movements
- Cash -€3,400
down €3,400 (-11.3%), from €30,194 to €26,794
mainly Investment in fixed assets (net) (-€12,161) and Debts after one year (-€11,105)
- Reserves +€12,714
up €12,714 (+14.2%), from €89,772 to €102,486
- Debts after one year -€11,105
down €11,105 (-5.5%), from €200,538 to €189,433
- Tax, wage and social debts -€9,137
down €9,137 (-54.7%), from €16,701 to €7,563
- Depreciation -€22,117
down €22,117 (-59.0%), from €37,458 to €15,342
- Gross operating margin -€10,939
down €10,939 (-18.8%), from €58,256 to €47,316
- Taxes +€4,041
up €4,041 (+91.6%), from €4,413 to €8,454
- Other operating charges -€2,286
down €2,286 (-76.3%), from €2,997 to €711
- Financial charges +€1,674
up €1,674 (+22.1%), from €7,589 to €9,263
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 | €326,931 | €320,597 | -€6,334 | -1.9% |
| Fixed assets | 21/28 | €260,055 | €256,874 | -€3,181 | -1.2% |
| Tangible fixed assets | 22/27 | €260,055 | €256,874 | -€3,181 | -1.2% |
| Land and buildings | 22 | €251,112 | €243,290 | -€7,822 | -3.1% |
| Furniture and vehicles | 24 | €8,943 | €13,584 | +€4,641 | +51.9% |
| Current assets | 29/58 | €66,876 | €63,723 | -€3,153 | -4.7% |
| Amounts receivable within one year | 40/41 | €28,997 | €29,920 | +€923 | +3.2% |
| Trade receivables | 40 | €24,430 | €27,552 | +€3,122 | +12.8% |
| Other amounts receivable | 41 | €4,567 | €2,368 | -€2,198 | -48.1% |
| Cash at bank and in hand | 54/58 | €30,194 | €26,794 | -€3,400 | -11.3% |
| Deferred charges and accrued income | 490/1 | €7,686 | €7,009 | -€677 | -8.8% |
| Total equity and liabilities | 10/49 | €326,931 | €320,597 | -€6,334 | -1.9% |
| Equity | 10/15 | €90,772 | €103,486 | +€12,714 | +14.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €89,772 | €102,486 | +€12,714 | +14.2% |
| Distributable reserves | 133 | €89,772 | €102,486 | +€12,714 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,159 | €217,111 | -€19,048 | -8.1% |
| Amounts payable after more than one year | 17 | €200,538 | €189,433 | -€11,105 | -5.5% |
| Financial debts | 170/4 | €200,538 | €189,433 | -€11,105 | -5.5% |
| Amounts payable within one year | 42/48 | €35,621 | €27,678 | -€7,943 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €10,637 | €11,105 | +€468 | +4.4% |
| Trade debts | 44 | €3,145 | €960 | -€2,186 | -69.5% |
| Suppliers | 440/4 | €3,145 | €960 | -€2,186 | -69.5% |
| Taxes, remuneration and social security | 45 | €16,701 | €7,563 | -€9,137 | -54.7% |
| Taxes | 450/3 | €16,701 | €7,563 | -€9,137 | -54.7% |
| Other amounts payable | 47/48 | €5,138 | €8,050 | +€2,912 | +56.7% |
| Non-recurring operating income | 76A | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,458 | €15,342 | -€22,117 | -59.0% |
| Other operating charges | 640/8 | €2,997 | €711 | -€2,286 | -76.3% |
| Gross operating margin | 9900 | €58,256 | €47,316 | -€10,939 | -18.8% |
| Operating profit (loss) | 9901 | €17,800 | €31,264 | +€13,464 | +75.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €7,589 | €9,263 | +€1,674 | +22.1% |
| Recurring financial charges | 65 | €7,589 | €9,263 | +€1,674 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €10,211 | €22,001 | +€11,790 | +115% |
| Income taxes | 67/77 | €4,413 | €8,454 | +€4,041 | +91.6% |
| Profit (loss) for the period | 9904 | €5,798 | €13,547 | +€7,749 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €5,798 | €13,547 | +€7,749 | +134% |
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 16 October 2026 via checked.be.