CODEKT: 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.
CODEKT
Largest movements
- Cash -€36,232
down €36,232 (-93.3%), from €38,826 to €2,594
mainly Contributions, distributions and other (-€76,470) and Investment in fixed assets (net) (-€3,111)
- Receivables within one year -€29,886
down €29,886 (-50.3%), from €59,415 to €29,528
of which Other amounts receivable: -€30,386
- Tangible fixed assets -€1,562
down €1,562 (-8.1%), from €19,304 to €17,742
of which Furniture and vehicles: -€3,031
- Reserves -€69,331
down €69,331 (-65.8%), from €105,395 to €36,064
- Tax, wage and social debts +€1,515
up €1,515 (+18.2%), from €8,317 to €9,832
of which Remuneration and social security: +€2,442
- Gross operating margin -€27,312
down €27,312 (-68.3%), from €39,985 to €12,673
- Taxes -€5,268
down €5,268 (-62.0%), from €8,492 to €3,224
- Financial income +€1,202
up €1,202 (+55.8%), from €2,155 to €3,357
- Other operating charges -€710
down €710 (-43.8%), from €1,621 to €911
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,846 | €51,290 | -€67,555 | -56.8% |
| Fixed assets | 21/28 | €19,304 | €17,742 | -€1,562 | -8.1% |
| Tangible fixed assets | 22/27 | €19,304 | €17,742 | -€1,562 | -8.1% |
| Furniture and vehicles | 24 | €7,870 | €4,839 | -€3,031 | -38.5% |
| Other tangible fixed assets | 26 | €11,435 | €12,904 | +€1,469 | +12.8% |
| Current assets | 29/58 | €99,541 | €33,548 | -€65,994 | -66.3% |
| Amounts receivable within one year | 40/41 | €59,415 | €29,528 | -€29,886 | -50.3% |
| Trade receivables | 40 | €10,500 | €11,000 | +€500 | +4.8% |
| Other amounts receivable | 41 | €48,915 | €18,528 | -€30,386 | -62.1% |
| Cash at bank and in hand | 54/58 | €38,826 | €2,594 | -€36,232 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,425 | +€124 | +9.6% |
| Total equity and liabilities | 10/49 | €118,846 | €51,290 | -€67,555 | -56.8% |
| Equity | 10/15 | €108,395 | €39,064 | -€69,331 | -64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,395 | €36,064 | -€69,331 | -65.8% |
| Distributable reserves | 133 | €105,395 | €36,064 | -€69,331 | -65.8% |
| Amounts payable | 17/49 | €10,451 | €12,227 | +€1,776 | +17.0% |
| Amounts payable within one year | 42/48 | €10,451 | €12,227 | +€1,776 | +17.0% |
| Trade debts | 44 | €2,133 | €2,395 | +€261 | +12.3% |
| Suppliers | 440/4 | €2,133 | €2,395 | +€261 | +12.3% |
| Taxes, remuneration and social security | 45 | €8,317 | €9,832 | +€1,515 | +18.2% |
| Taxes | 450/3 | €8,317 | €7,390 | -€928 | -11.2% |
| Remuneration and social security | 454/9 | - | €2,442 | +€2,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,019 | €4,673 | -€346 | -6.9% |
| Other operating charges | 640/8 | €1,621 | €911 | -€710 | -43.8% |
| Gross operating margin | 9900 | €39,985 | €12,673 | -€27,312 | -68.3% |
| Operating profit (loss) | 9901 | €33,345 | €7,089 | -€26,255 | -78.7% |
| Financial income | 75/76B | €2,155 | €3,357 | +€1,202 | +55.8% |
| Recurring financial income | 75 | €2,155 | €3,357 | +€1,202 | +55.8% |
| Financial charges | 65/66B | €190 | €84 | -€106 | -56.0% |
| Recurring financial charges | 65 | €190 | €84 | -€106 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €35,309 | €10,362 | -€24,947 | -70.7% |
| Income taxes | 67/77 | €8,492 | €3,224 | -€5,268 | -62.0% |
| Profit (loss) for the period | 9904 | €26,817 | €7,139 | -€19,679 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,817 | €7,139 | -€19,679 | -73.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.