CODEFATHERS: 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.
CODEFATHERS
Largest movements
- Tangible fixed assets +€18,789
up €18,789 (+1690.2%), from €1,112 to €19,900
- Receivables within one year -€7,454
down €7,454 (-28.2%), from €26,453 to €18,999
of which Trade receivables: -€8,228
- Cash +€4,478
up €4,478 (+19.2%), from €23,284 to €27,762
mainly Debts after one year (+€14,693) and Other debts (+€13,963)
- Deferred charges and accrued income +€1,694
up €1,694 (+180.0%), from €942 to €2,636
- Profit (loss) carried forward -€15,163
down €15,163 (-72.2%), from €20,999 to €5,837
- Debts after one year +€14,693
new in 2025: €14,693
- Other debts +€13,963
up €13,963 (+105.2%), from €13,277 to €27,240
- Current portion of long-term debt +€4,047
new in 2025: €4,047
- Tax, wage and social debts -€2,787
down €2,787 (-62.5%), from €4,460 to €1,672
of which Taxes: -€2,787
- Gross operating margin -€26,215
down €26,215 (-65.2%), from €40,217 to €14,002
- Taxes -€5,530
down €5,530 (-63.0%), from €8,783 to €3,254
- Depreciation +€1,691
up €1,691 (+63.3%), from €2,672 to €4,363
- Financial charges +€865
up €865 (+4244.2%), from €20 to €885
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 | €54,011 | €71,517 | +€17,507 | +32.4% |
| Fixed assets | 21/28 | €3,332 | €22,120 | +€18,789 | +563.9% |
| Tangible fixed assets | 22/27 | €1,112 | €19,900 | +€18,789 | +1690.2% |
| Furniture and vehicles | 24 | €1,112 | €19,900 | +€18,789 | +1690.2% |
| Financial fixed assets | 28 | €2,220 | €2,220 | = | 0.0% |
| Current assets | 29/58 | €50,679 | €49,397 | -€1,282 | -2.5% |
| Amounts receivable within one year | 40/41 | €26,453 | €18,999 | -€7,454 | -28.2% |
| Trade receivables | 40 | €26,453 | €18,225 | -€8,228 | -31.1% |
| Other amounts receivable | 41 | €0 | €774 | +€774 | |
| Cash at bank and in hand | 54/58 | €23,284 | €27,762 | +€4,478 | +19.2% |
| Deferred charges and accrued income | 490/1 | €942 | €2,636 | +€1,694 | +180.0% |
| Total equity and liabilities | 10/49 | €54,011 | €71,517 | +€17,507 | +32.4% |
| Equity | 10/15 | €25,999 | €10,837 | -€15,163 | -58.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,999 | €5,837 | -€15,163 | -72.2% |
| Amounts payable | 17/49 | €28,011 | €60,681 | +€32,669 | +116.6% |
| Amounts payable after more than one year | 17 | - | €14,693 | +€14,693 | |
| Financial debts | 170/4 | - | €14,693 | +€14,693 | |
| Amounts payable within one year | 42/48 | €20,511 | €38,488 | +€17,977 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,047 | +€4,047 | |
| Trade debts | 44 | €2,774 | €5,528 | +€2,754 | +99.3% |
| Suppliers | 440/4 | €2,774 | €5,528 | +€2,754 | +99.3% |
| Taxes, remuneration and social security | 45 | €4,460 | €1,672 | -€2,787 | -62.5% |
| Taxes | 450/3 | €4,460 | €1,672 | -€2,787 | -62.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €13,277 | €27,240 | +€13,963 | +105.2% |
| Accrued charges and deferred income | 492/3 | €7,500 | €7,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,672 | €4,363 | +€1,691 | +63.3% |
| Other operating charges | 640/8 | €451 | €755 | +€304 | +67.4% |
| Gross operating margin | 9900 | €40,217 | €14,002 | -€26,215 | -65.2% |
| Operating profit (loss) | 9901 | €37,094 | €8,884 | -€28,210 | -76.0% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €20 | €885 | +€865 | +4244.2% |
| Recurring financial charges | 65 | €20 | €885 | +€865 | +4244.2% |
| Profit (loss) for the period before taxes | 9903 | €37,073 | €8,091 | -€28,982 | -78.2% |
| Income taxes | 67/77 | €8,783 | €3,254 | -€5,530 | -63.0% |
| Profit (loss) for the period | 9904 | €28,290 | €4,837 | -€23,452 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,290 | €4,837 | -€23,452 | -82.9% |
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 30 September 2026 via checked.be.