CODEHA: 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.
CODEHA
Largest movements
- Receivables within one year -€7,643
down €7,643 (-57.4%), from €13,308 to €5,665
of which Trade receivables: -€7,039
- Cash +€6,657
up €6,657 (+10.3%), from €64,597 to €71,254
mainly Receivables within one year (+€7,643) and Net result for the year (+€4,534)
- Deferred charges and accrued income +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€4,533
up €4,533 (+17.8%), from €25,452 to €29,985
- Gross operating margin +€9,014
up €9,014, from -€3,916 to €5,098
- Other operating charges -€540
down €540 (-51.2%), from €1,055 to €515
- Depreciation -€342
down €342 (-71.0%), from €482 to €140
- Financial charges +€91
up €91 (+77.1%), from €118 to €209
From the 02-01-2025 result to the 31-12-2025 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 02-01-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 02-01-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,133 | €82,007 | +€3,874 | +5.0% |
| Fixed assets | 21/28 | €228 | €88 | -€140 | -61.4% |
| Tangible fixed assets | 22/27 | €228 | €88 | -€140 | -61.4% |
| Furniture and vehicles | 24 | €228 | €88 | -€140 | -61.4% |
| Current assets | 29/58 | €77,905 | €81,919 | +€4,014 | +5.2% |
| Amounts receivable within one year | 40/41 | €13,308 | €5,665 | -€7,643 | -57.4% |
| Trade receivables | 40 | €11,032 | €3,993 | -€7,039 | -63.8% |
| Other amounts receivable | 41 | €2,276 | €1,672 | -€604 | -26.5% |
| Cash at bank and in hand | 54/58 | €64,597 | €71,254 | +€6,657 | +10.3% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €78,133 | €82,007 | +€3,874 | +5.0% |
| Equity | 10/15 | €77,452 | €81,985 | +€4,533 | +5.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €35,000 | €37,000 | +€2,000 | +5.7% |
| Profit (loss) carried forward | 14 | €25,452 | €29,985 | +€4,533 | +17.8% |
| Amounts payable | 17/49 | €681 | €22 | -€659 | -96.8% |
| Amounts payable within one year | 42/48 | €681 | €22 | -€659 | -96.8% |
| Trade debts | 44 | €681 | €22 | -€659 | -96.8% |
| Suppliers | 440/4 | €681 | €22 | -€659 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €140 | -€342 | -71.0% |
| Other operating charges | 640/8 | €1,055 | €515 | -€540 | -51.2% |
| Gross operating margin | 9900 | -€3,916 | €5,098 | +€9,014 | |
| Operating profit (loss) | 9901 | -€5,453 | €4,443 | +€9,896 | |
| Financial income | 75/76B | €298 | €300 | +€2 | +0.7% |
| Recurring financial income | 75 | €298 | €300 | +€2 | +0.7% |
| Financial charges | 65/66B | €118 | €209 | +€91 | +77.1% |
| Recurring financial charges | 65 | €118 | €209 | +€91 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,273 | €4,534 | +€9,807 | |
| Profit (loss) for the period | 9904 | -€5,273 | €4,534 | +€9,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,273 | €4,534 | +€9,807 |
Source: filed annual accounts (NBB), fiscal years ended 2 January 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.