CODEKIWI: what changed
Two financial 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.
CODEKIWI
Largest movements
- Receivables within one year -€18,517
down €18,517 (-83.6%), from €22,147 to €3,630
of which Trade receivables: -€18,301
- Cash +€16,324
up €16,324 (+77.5%), from €21,059 to €37,383
mainly Receivables within one year (+€18,517) and Depreciation (+€4,423)
- Tangible fixed assets +€4,547
up €4,547 (+21.1%), from €21,593 to €26,140
of which Furniture and vehicles: +€7,206
- Other debts +€1,357
up €1,357 (+37.4%), from €3,629 to €4,986
- Reserves +€992
up €992 (+1.8%), from €54,963 to €55,955
- Other operating charges +€14,905
up €14,905 (+2346.2%), from €635 to €15,540
- Gross operating margin +€5,831
up €5,831 (+34.5%), from €16,903 to €22,733
- Taxes -€1,697
down €1,697 (-65.7%), from €2,584 to €887
- Depreciation +€817
up €817 (+22.7%), from €3,605 to €4,423
- Financial charges -€271
down €271 (-23.3%), from €1,162 to €891
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 | €65,859 | €67,921 | +€2,062 | +3.1% |
| Fixed assets | 21/28 | €21,593 | €26,140 | +€4,547 | +21.1% |
| Tangible fixed assets | 22/27 | €21,593 | €26,140 | +€4,547 | +21.1% |
| Plant, machinery and equipment | 23 | €2,613 | €1,837 | -€776 | -29.7% |
| Furniture and vehicles | 24 | €2,465 | €9,671 | +€7,206 | +292.3% |
| Other tangible fixed assets | 26 | €16,515 | €14,632 | -€1,883 | -11.4% |
| Current assets | 29/58 | €44,266 | €41,781 | -€2,484 | -5.6% |
| Amounts receivable within one year | 40/41 | €22,147 | €3,630 | -€18,517 | -83.6% |
| Trade receivables | 40 | €21,931 | €3,630 | -€18,301 | -83.4% |
| Other amounts receivable | 41 | €216 | €0 | -€216 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,059 | €37,383 | +€16,324 | +77.5% |
| Deferred charges and accrued income | 490/1 | €1,060 | €768 | -€291 | -27.5% |
| Total equity and liabilities | 10/49 | €65,859 | €67,921 | +€2,062 | +3.1% |
| Equity | 10/15 | €57,963 | €58,955 | +€992 | +1.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,963 | €55,955 | +€992 | +1.8% |
| Distributable reserves | 133 | €54,963 | €55,955 | +€992 | +1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,896 | €8,966 | +€1,070 | +13.6% |
| Amounts payable within one year | 42/48 | €7,896 | €8,966 | +€1,070 | +13.6% |
| Trade debts | 44 | €2,685 | €2,794 | +€109 | +4.1% |
| Suppliers | 440/4 | €2,685 | €2,794 | +€109 | +4.1% |
| Taxes, remuneration and social security | 45 | €1,582 | €1,185 | -€397 | -25.1% |
| Taxes | 450/3 | €1,582 | €1,185 | -€397 | -25.1% |
| Other amounts payable | 47/48 | €3,629 | €4,986 | +€1,357 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,605 | €4,423 | +€817 | +22.7% |
| Other operating charges | 640/8 | €635 | €15,540 | +€14,905 | +2346.2% |
| Gross operating margin | 9900 | €16,903 | €22,733 | +€5,831 | +34.5% |
| Operating profit (loss) | 9901 | €12,662 | €2,770 | -€9,892 | -78.1% |
| Financial charges | 65/66B | €1,162 | €891 | -€271 | -23.3% |
| Recurring financial charges | 65 | €1,162 | €891 | -€271 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €11,501 | €1,879 | -€9,621 | -83.7% |
| Income taxes | 67/77 | €2,584 | €887 | -€1,697 | -65.7% |
| Profit (loss) for the period | 9904 | €8,917 | €992 | -€7,925 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,917 | €992 | -€7,925 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.