CodeKick: 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.
CodeKick
Largest movements
- Intangible fixed assets +€311,738
up €311,738 (+29.4%), from €1.1m to €1.4m
- Receivables within one year +€95,264
up €95,264 (+16.4%), from €582,426 to €677,690
- Cash +€91,523
up €91,523 (+303.8%), from €30,125 to €121,648
mainly Depreciation (+€351,387) and Debts after one year (+€279,274)
- Tangible fixed assets -€32,134
down €32,134 (-8.1%), from €397,813 to €365,679
of which Land and buildings: -€31,521
- Debts after one year +€279,274
up €279,274 (+40.4%), from €691,534 to €970,808
of which Financial debts: +€376,736
- Short-term financial debts +€152,106
up €152,106 (+65.0%), from €233,916 to €386,022
- Trade debts +€26,837
up €26,837 (+5.0%), from €538,845 to €565,682
- Depreciation +€100,535
up €100,535 (+40.1%), from €250,852 to €351,387
- Gross operating margin +€79,151
up €79,151 (+4.2%), from €1.9m to €2.0m
- Staff costs -€77,853
down €77,853 (-5.3%), from €1.5m to €1.4m
- Financial charges +€48,223
up €48,223 (+43.0%), from €112,104 to €160,327
- Taxes +€20,981
up €20,981 (+104.9%), from €20,000 to €40,981
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 | €2,084,456 | €2,546,214 | +€461,758 | +22.2% |
| Fixed assets | 21/28 | €1,459,768 | €1,739,371 | +€279,603 | +19.2% |
| Intangible fixed assets | 21 | €1,061,955 | €1,373,692 | +€311,738 | +29.4% |
| Tangible fixed assets | 22/27 | €397,813 | €365,679 | -€32,134 | -8.1% |
| Land and buildings | 22 | €378,759 | €347,238 | -€31,521 | -8.3% |
| Plant, machinery and equipment | 23 | €3,839 | €14,321 | +€10,482 | +273.0% |
| Furniture and vehicles | 24 | €15,215 | €4,120 | -€11,095 | -72.9% |
| Current assets | 29/58 | €624,688 | €806,843 | +€182,155 | +29.2% |
| Amounts receivable within one year | 40/41 | €582,426 | €677,690 | +€95,264 | +16.4% |
| Trade receivables | 40 | €582,426 | €677,690 | +€95,264 | +16.4% |
| Cash at bank and in hand | 54/58 | €30,125 | €121,648 | +€91,523 | +303.8% |
| Deferred charges and accrued income | 490/1 | €12,136 | €7,504 | -€4,632 | -38.2% |
| Total equity and liabilities | 10/49 | €2,084,456 | €2,546,214 | +€461,758 | +22.2% |
| Equity | 10/15 | €106,464 | €110,106 | +€3,641 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,864 | €91,506 | +€3,641 | +4.1% |
| Distributable reserves | 133 | €87,864 | €91,506 | +€3,641 | +4.1% |
| Amounts payable | 17/49 | €1,977,991 | €2,436,108 | +€458,117 | +23.2% |
| Amounts payable after more than one year | 17 | €691,534 | €970,808 | +€279,274 | +40.4% |
| Financial debts | 170/4 | €422,264 | €799,000 | +€376,736 | +89.2% |
| Other amounts payable | 178/9 | €269,270 | €171,807 | -€97,463 | -36.2% |
| Amounts payable within one year | 42/48 | €1,236,993 | €1,405,176 | +€168,183 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €247,219 | €224,439 | -€22,780 | -9.2% |
| Financial debts | 43 | €233,916 | €386,022 | +€152,106 | +65.0% |
| Credit institutions | 430/8 | €233,916 | €386,022 | +€152,106 | +65.0% |
| Trade debts | 44 | €538,845 | €565,682 | +€26,837 | +5.0% |
| Suppliers | 440/4 | €538,845 | €565,682 | +€26,837 | +5.0% |
| Taxes, remuneration and social security | 45 | €161,166 | €149,557 | -€11,609 | -7.2% |
| Taxes | 450/3 | €41,478 | €26,719 | -€14,759 | -35.6% |
| Remuneration and social security | 454/9 | €119,688 | €122,838 | +€3,150 | +2.6% |
| Other amounts payable | 47/48 | €55,848 | €79,477 | +€23,629 | +42.3% |
| Accrued charges and deferred income | 492/3 | €49,464 | €60,125 | +€10,661 | +21.6% |
| Remuneration, social security and pensions | 62 | €1,476,825 | €1,398,973 | -€77,853 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,852 | €351,387 | +€100,535 | +40.1% |
| Other operating charges | 640/8 | €14,296 | €5,086 | -€9,210 | -64.4% |
| Gross operating margin | 9900 | €1,881,243 | €1,960,394 | +€79,151 | +4.2% |
| Operating profit (loss) | 9901 | €139,269 | €204,949 | +€65,679 | +47.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €112,104 | €160,327 | +€48,223 | +43.0% |
| Recurring financial charges | 65 | €112,104 | €160,327 | +€48,223 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €27,165 | €44,622 | +€17,457 | +64.3% |
| Income taxes | 67/77 | €20,000 | €40,981 | +€20,981 | +104.9% |
| Profit (loss) for the period | 9904 | €7,165 | €3,641 | -€3,524 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,165 | €3,641 | -€3,524 | -49.2% |
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 1 October 2026 via checked.be.