CODEHEROES: 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.
CODEHEROES
Largest movements
- Cash +€22,379
up €22,379 (+85.2%), from €26,261 to €48,640
mainly Other debts (+€91,575) and Net result for the year (+€52,544)
- Tangible fixed assets +€5,260
up €5,260 (+37.3%), from €14,088 to €19,348
of which Plant, machinery and equipment: +€4,285
- Other debts +€91,575
up €91,575 (+10192.7%), from €898 to €92,474
- Profit (loss) carried forward -€64,930
no longer reported in 2025 (was €64,930)
- Tax, wage and social debts +€12,728
up €12,728 (+50.6%), from €25,132 to €37,860
of which Taxes: +€15,522
- Trade debts -€6,282
down €6,282 (-37.6%), from €16,714 to €10,432
- Current portion of long-term debt -€3,517
down €3,517 (-89.3%), from €3,939 to €422
- Gross operating margin +€36,407
up €36,407 (+76.2%), from €47,801 to €84,209
- Taxes +€7,643
up €7,643 (+81.0%), from €9,440 to €17,082
- Other operating charges +€4,237
up €4,237 (+519.8%), from €815 to €5,052
- Depreciation +€2,897
up €2,897 (+69.5%), from €4,168 to €7,065
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 | €114,702 | €143,188 | +€28,486 | +24.8% |
| Fixed assets | 21/28 | €14,238 | €19,498 | +€5,260 | +36.9% |
| Tangible fixed assets | 22/27 | €14,088 | €19,348 | +€5,260 | +37.3% |
| Land and buildings | 22 | €6,706 | €6,019 | -€688 | -10.3% |
| Plant, machinery and equipment | 23 | €3,292 | €7,578 | +€4,285 | +130.2% |
| Furniture and vehicles | 24 | €4,089 | €5,751 | +€1,662 | +40.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €100,464 | €123,690 | +€23,226 | +23.1% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,203 | €39,651 | +€448 | +1.1% |
| Trade receivables | 40 | €39,172 | €38,739 | -€433 | -1.1% |
| Other amounts receivable | 41 | €31 | €912 | +€881 | +2841.6% |
| Cash at bank and in hand | 54/58 | €26,261 | €48,640 | +€22,379 | +85.2% |
| Deferred charges and accrued income | 490/1 | - | €399 | +€399 | |
| Total equity and liabilities | 10/49 | €114,702 | €143,188 | +€28,486 | +24.8% |
| Equity | 10/15 | €66,930 | €2,000 | -€64,930 | -97.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,930 | - | -€64,930 | |
| Amounts payable | 17/49 | €47,772 | €141,188 | +€93,416 | +195.5% |
| Amounts payable after more than one year | 17 | €900 | - | -€900 | |
| Financial debts | 170/4 | €900 | - | -€900 | |
| Amounts payable within one year | 42/48 | €46,683 | €141,188 | +€94,504 | +202.4% |
| Current portion of amounts payable after more than one year | 42 | €3,939 | €422 | -€3,517 | -89.3% |
| Trade debts | 44 | €16,714 | €10,432 | -€6,282 | -37.6% |
| Suppliers | 440/4 | €16,714 | €10,432 | -€6,282 | -37.6% |
| Taxes, remuneration and social security | 45 | €25,132 | €37,860 | +€12,728 | +50.6% |
| Taxes | 450/3 | €22,337 | €37,860 | +€15,522 | +69.5% |
| Remuneration and social security | 454/9 | €2,794 | - | -€2,794 | |
| Other amounts payable | 47/48 | €898 | €92,474 | +€91,575 | +10192.7% |
| Accrued charges and deferred income | 492/3 | €189 | - | -€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,168 | €7,065 | +€2,897 | +69.5% |
| Other operating charges | 640/8 | €815 | €5,052 | +€4,237 | +519.8% |
| Gross operating margin | 9900 | €47,801 | €84,209 | +€36,407 | +76.2% |
| Operating profit (loss) | 9901 | €42,818 | €72,092 | +€29,274 | +68.4% |
| Financial income | 75/76B | €722 | €912 | +€190 | +26.3% |
| Recurring financial income | 75 | €722 | €912 | +€190 | +26.3% |
| Financial charges | 65/66B | €2,997 | €3,378 | +€381 | +12.7% |
| Recurring financial charges | 65 | €2,997 | €3,378 | +€381 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €40,543 | €69,626 | +€29,083 | +71.7% |
| Income taxes | 67/77 | €9,440 | €17,082 | +€7,643 | +81.0% |
| Profit (loss) for the period | 9904 | €31,103 | €52,544 | +€21,441 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,103 | €52,544 | +€21,441 | +68.9% |
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 4 October 2026 via checked.be.