Codeeli: 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.
Codeeli
Largest movements
- Receivables within one year -€3,757
down €3,757 (-50.9%), from €7,379 to €3,622
- Cash -€1,990
no longer reported in 2025 (was €1,990)
mainly Net result for the year (-€6,463) and Other debts (-€1,661)
- Formation expenses -€170
down €170 (-69.3%), from €246 to €75
- Profit (loss) carried forward -€6,463
down €6,463, from €2,202 to -€4,261
- Trade debts +€2,179
up €2,179 (+290.4%), from €750 to €2,929
- Other debts -€1,661
no longer reported in 2025 (was €1,661)
- Gross operating margin +€7,798
up €7,798 (+69.5%), from -€11,220 to -€3,422
- Taxes +€2,218
new in 2025: €2,218
- Other operating charges +€162
up €162 (+41.8%), from €387 to €549
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 | €9,614 | €3,697 | -€5,916 | -61.5% |
| Formation expenses | 20 | €246 | €75 | -€170 | -69.3% |
| Current assets | 29/58 | €9,368 | €3,622 | -€5,746 | -61.3% |
| Amounts receivable within one year | 40/41 | €7,379 | €3,622 | -€3,757 | -50.9% |
| Trade receivables | 40 | €7,379 | €3,622 | -€3,757 | -50.9% |
| Cash at bank and in hand | 54/58 | €1,990 | - | -€1,990 | |
| Total equity and liabilities | 10/49 | €9,614 | €3,697 | -€5,916 | -61.5% |
| Equity | 10/15 | €7,202 | €739 | -€6,463 | -89.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,202 | -€4,261 | -€6,463 | |
| Amounts payable | 17/49 | €2,412 | €2,958 | +€547 | +22.7% |
| Amounts payable within one year | 42/48 | €2,412 | €2,958 | +€547 | +22.7% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €750 | €2,929 | +€2,179 | +290.4% |
| Suppliers | 440/4 | €750 | €2,929 | +€2,179 | +290.4% |
| Taxes, remuneration and social security | 45 | - | €21 | +€21 | |
| Taxes | 450/3 | - | €21 | +€21 | |
| Other amounts payable | 47/48 | €1,661 | - | -€1,661 | |
| Non-recurring operating income | 76A | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €170 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €549 | +€162 | +41.8% |
| Gross operating margin | 9900 | -€11,220 | -€3,422 | +€7,798 | +69.5% |
| Operating profit (loss) | 9901 | -€11,778 | -€4,142 | +€7,636 | +64.8% |
| Financial charges | 65/66B | €104 | €103 | -€1 | -1.2% |
| Recurring financial charges | 65 | €104 | €103 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,882 | -€4,245 | +€7,637 | +64.3% |
| Income taxes | 67/77 | - | €2,218 | +€2,218 | |
| Profit (loss) for the period | 9904 | -€11,882 | -€6,463 | +€5,419 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,882 | -€6,463 | +€5,419 | +45.6% |
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 12 October 2026 via checked.be.