Codefix: 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.
Codefix
Largest movements
- Receivables within one year +€23,639
up €23,639 (+154.4%), from €15,309 to €38,948
of which Trade receivables: +€22,323
- Cash +€12,802
up €12,802 (+28.8%), from €44,523 to €57,325
mainly Net result for the year (+€41,151) and Tax, wage and social debts (+€982)
- Tangible fixed assets +€4,308
new in 2025: €4,308
- Reserves +€41,151
up €41,151 (+110.1%), from €37,383 to €78,534
- Other debts -€1,475
down €1,475 (-54.9%), from €2,686 to €1,211
- Gross operating margin +€40,021
up €40,021 (+84.4%), from €47,413 to €87,434
- Staff costs +€33,527
new in 2025: €33,527
- Taxes +€1,283
up €1,283 (+13.0%), from €9,895 to €11,178
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 | €59,986 | €101,213 | +€41,227 | +68.7% |
| Fixed assets | 21/28 | - | €4,308 | +€4,308 | |
| Tangible fixed assets | 22/27 | - | €4,308 | +€4,308 | |
| Furniture and vehicles | 24 | - | €4,308 | +€4,308 | |
| Current assets | 29/58 | €59,986 | €96,905 | +€36,920 | +61.5% |
| Amounts receivable within one year | 40/41 | €15,309 | €38,948 | +€23,639 | +154.4% |
| Trade receivables | 40 | €15,294 | €37,618 | +€22,323 | +146.0% |
| Other amounts receivable | 41 | €15 | €1,330 | +€1,316 | +8949.9% |
| Cash at bank and in hand | 54/58 | €44,523 | €57,325 | +€12,802 | +28.8% |
| Deferred charges and accrued income | 490/1 | €153 | €632 | +€479 | +312.5% |
| Total equity and liabilities | 10/49 | €59,986 | €101,213 | +€41,227 | +68.7% |
| Equity | 10/15 | €39,383 | €80,534 | +€41,151 | +104.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,383 | €78,534 | +€41,151 | +110.1% |
| Distributable reserves | 133 | €37,383 | €78,534 | +€41,151 | +110.1% |
| Amounts payable | 17/49 | €20,603 | €20,679 | +€77 | +0.4% |
| Amounts payable within one year | 42/48 | €20,603 | €20,679 | +€77 | +0.4% |
| Trade debts | 44 | €796 | €1,366 | +€570 | +71.5% |
| Suppliers | 440/4 | €796 | €1,366 | +€570 | +71.5% |
| Taxes, remuneration and social security | 45 | €17,121 | €18,103 | +€982 | +5.7% |
| Taxes | 450/3 | €17,121 | €13,064 | -€4,057 | -23.7% |
| Remuneration and social security | 454/9 | - | €5,039 | +€5,039 | |
| Other amounts payable | 47/48 | €2,686 | €1,211 | -€1,475 | -54.9% |
| Remuneration, social security and pensions | 62 | - | €33,527 | +€33,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €834 | +€834 | |
| Other operating charges | 640/8 | €103 | €700 | +€597 | +579.7% |
| Gross operating margin | 9900 | €47,413 | €87,434 | +€40,021 | +84.4% |
| Operating profit (loss) | 9901 | €47,310 | €52,373 | +€5,063 | +10.7% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €32 | €54 | +€22 | +68.9% |
| Recurring financial charges | 65 | €32 | €54 | +€22 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €47,278 | €52,329 | +€5,051 | +10.7% |
| Income taxes | 67/77 | €9,895 | €11,178 | +€1,283 | +13.0% |
| Profit (loss) for the period | 9904 | €37,383 | €41,151 | +€3,768 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,383 | €41,151 | +€3,768 | +10.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.