CODEDASH: 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.
CODEDASH
Largest movements
- Cash +€55,716
up €55,716 (+48.4%), from €115,092 to €170,808
mainly Net result for the year (+€78,631) and Depreciation (+€839)
- Receivables within one year +€10,110
up €10,110 (+52.6%), from €19,239 to €29,349
of which Trade receivables: +€7,865
- Profit (loss) carried forward +€78,631
up €78,631 (+78.4%), from €100,344 to €178,976
- Tax, wage and social debts -€14,028
down €14,028 (-39.3%), from €35,679 to €21,651
- Turnover -€196,543
no longer reported in 2026 (was €196,543)
- Purchases and services -€70,917
no longer reported in 2026 (was €70,917)
- Gross operating margin -€31,304
down €31,304 (-24.5%), from €127,975 to €96,671
- Taxes -€7,299
down €7,299 (-26.9%), from €27,131 to €19,832
- Financial income +€2,651
up €2,651 (+881.5%), from €301 to €2,952
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,132 | €203,771 | +€64,639 | +46.5% |
| Fixed assets | 21/28 | €2,332 | €1,494 | -€839 | -36.0% |
| Tangible fixed assets | 22/27 | €2,332 | €1,494 | -€839 | -36.0% |
| Furniture and vehicles | 24 | €2,332 | €1,494 | -€839 | -36.0% |
| Current assets | 29/58 | €136,800 | €202,278 | +€65,478 | +47.9% |
| Amounts receivable within one year | 40/41 | €19,239 | €29,349 | +€10,110 | +52.6% |
| Trade receivables | 40 | €19,239 | €27,104 | +€7,865 | +40.9% |
| Other amounts receivable | 41 | - | €2,245 | +€2,245 | |
| Cash at bank and in hand | 54/58 | €115,092 | €170,808 | +€55,716 | +48.4% |
| Deferred charges and accrued income | 490/1 | €2,468 | €2,121 | -€348 | -14.1% |
| Total equity and liabilities | 10/49 | €139,132 | €203,771 | +€64,639 | +46.5% |
| Equity | 10/15 | €103,344 | €181,976 | +€78,631 | +76.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,344 | €178,976 | +€78,631 | +78.4% |
| Amounts payable | 17/49 | €35,788 | €21,796 | -€13,992 | -39.1% |
| Amounts payable within one year | 42/48 | €35,788 | €21,796 | -€13,992 | -39.1% |
| Trade debts | 44 | €109 | €145 | +€36 | +33.1% |
| Suppliers | 440/4 | €109 | €145 | +€36 | +33.1% |
| Taxes, remuneration and social security | 45 | €35,679 | €21,651 | -€14,028 | -39.3% |
| Taxes | 450/3 | €35,679 | €21,651 | -€14,028 | -39.3% |
| Turnover | 70 | €196,543 | - | -€196,543 | |
| Goods, raw materials, services and sundry goods | 60/61 | €70,917 | - | -€70,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €839 | +€654 | +354.8% |
| Other operating charges | 640/8 | €547 | €218 | -€329 | -60.2% |
| Gross operating margin | 9900 | €127,975 | €96,671 | -€31,304 | -24.5% |
| Operating profit (loss) | 9901 | €127,244 | €95,615 | -€31,629 | -24.9% |
| Financial income | 75/76B | €301 | €2,952 | +€2,651 | +881.5% |
| Recurring financial income | 75 | €301 | €2,952 | +€2,651 | +881.5% |
| Financial charges | 65/66B | €69 | €104 | +€35 | +50.0% |
| Recurring financial charges | 65 | €69 | €104 | +€35 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €127,475 | €98,463 | -€29,012 | -22.8% |
| Income taxes | 67/77 | €27,131 | €19,832 | -€7,299 | -26.9% |
| Profit (loss) for the period | 9904 | €100,344 | €78,631 | -€21,713 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,344 | €78,631 | -€21,713 | -21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.