CODELABS: 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.
CODELABS
Largest movements
- Receivables within one year -€40,332
down €40,332 (-71.1%), from €56,734 to €16,402
of which Other amounts receivable: -€37,138
- Receivables after one year -€12,000
down €12,000 (-43.6%), from €27,500 to €15,500
- Cash +€10,501
up €10,501 (+393.3%), from €2,670 to €13,171
mainly Receivables within one year (+€40,332) and Receivables after one year (+€12,000)
- Tangible fixed assets -€2,549
down €2,549 (-60.1%), from €4,243 to €1,694
of which Plant, machinery and equipment: -€1,455
- Deferred charges and accrued income +€1,392
up €1,392 (+27.9%), from €4,981 to €6,373
- Other debts -€28,060
down €28,060 (-58.6%), from €47,908 to €19,849
- Profit (loss) carried forward -€14,152
down €14,152 (-186.1%), from -€7,607 to -€21,759
- Debts after one year -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Current portion of long-term debt +€3,333
new in 2025: €3,333
- Trade debts +€1,700
up €1,700 (+111.1%), from €1,531 to €3,231
- Gross operating margin +€15,889
up €15,889 (+57.7%), from -€27,545 to -€11,655
- Depreciation -€986
down €986 (-28.7%), from €3,437 to €2,451
- Financial income -€371
down €371 (-25.7%), from €1,447 to €1,076
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 | €126,129 | €83,141 | -€42,988 | -34.1% |
| Fixed assets | 21/28 | €34,243 | €31,694 | -€2,549 | -7.4% |
| Tangible fixed assets | 22/27 | €4,243 | €1,694 | -€2,549 | -60.1% |
| Plant, machinery and equipment | 23 | €1,831 | €376 | -€1,455 | -79.5% |
| Furniture and vehicles | 24 | €2,412 | €1,319 | -€1,094 | -45.3% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €91,886 | €51,446 | -€40,439 | -44.0% |
| Amounts receivable after more than one year | 29 | €27,500 | €15,500 | -€12,000 | -43.6% |
| Other amounts receivable | 291 | €27,500 | €15,500 | -€12,000 | -43.6% |
| Amounts receivable within one year | 40/41 | €56,734 | €16,402 | -€40,332 | -71.1% |
| Trade receivables | 40 | €5,314 | €2,120 | -€3,194 | -60.1% |
| Other amounts receivable | 41 | €51,420 | €14,282 | -€37,138 | -72.2% |
| Cash at bank and in hand | 54/58 | €2,670 | €13,171 | +€10,501 | +393.3% |
| Deferred charges and accrued income | 490/1 | €4,981 | €6,373 | +€1,392 | +27.9% |
| Total equity and liabilities | 10/49 | €126,129 | €83,141 | -€42,988 | -34.1% |
| Equity | 10/15 | €70,627 | €56,475 | -€14,152 | -20.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €78,233 | €78,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €78,233 | €78,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,607 | -€21,759 | -€14,152 | -186.1% |
| Amounts payable | 17/49 | €55,502 | €26,666 | -€28,836 | -52.0% |
| Amounts payable after more than one year | 17 | €6,000 | €0 | -€6,000 | -100.0% |
| Financial debts | 170/4 | €6,000 | €0 | -€6,000 | -100.0% |
| Amounts payable within one year | 42/48 | €49,439 | €26,666 | -€22,773 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €1,531 | €3,231 | +€1,700 | +111.1% |
| Suppliers | 440/4 | €1,531 | €3,231 | +€1,700 | +111.1% |
| Taxes, remuneration and social security | 45 | €0 | €253 | +€253 | |
| Taxes | 450/3 | €0 | €253 | +€253 | |
| Other amounts payable | 47/48 | €47,908 | €19,849 | -€28,060 | -58.6% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,437 | €2,451 | -€986 | -28.7% |
| Other operating charges | 640/8 | €981 | €751 | -€230 | -23.5% |
| Non-recurring operating charges | 66A | - | €98 | +€98 | |
| Gross operating margin | 9900 | -€27,545 | -€11,655 | +€15,889 | +57.7% |
| Operating profit (loss) | 9901 | -€31,962 | -€14,955 | +€17,008 | +53.2% |
| Financial income | 75/76B | €1,447 | €1,076 | -€371 | -25.7% |
| Recurring financial income | 75 | €1,447 | €1,076 | -€371 | -25.7% |
| Financial charges | 65/66B | €144 | €21 | -€123 | -85.4% |
| Recurring financial charges | 65 | €144 | €21 | -€123 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,659 | -€13,900 | +€16,759 | +54.7% |
| Income taxes | 67/77 | €224 | €253 | +€28 | +12.6% |
| Profit (loss) for the period | 9904 | -€30,883 | -€14,152 | +€16,731 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,883 | -€14,152 | +€16,731 | +54.2% |
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 7 October 2026 via checked.be.