CODELINKS: 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.
CODELINKS
Largest movements
- Tangible fixed assets -€21,850
no longer reported in 2025 (was €21,850)
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€41,190
down €41,190 (-121.4%), from -€33,928 to -€75,118
- Short-term financial debts +€15,648
up €15,648 (+87.3%), from €17,923 to €33,572
- Tax, wage and social debts -€684
down €684 (-90.7%), from €754 to €70
- Trade debts -€637
no longer reported in 2025 (was €637)
- Other operating charges +€26,725
up €26,725 (+15533.4%), from €172 to €26,897
- Gross operating margin +€16,093
up €16,093 (+53.4%), from -€30,156 to -€14,063
- Depreciation -€3,521
no longer reported in 2025 (was €3,521)
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 | €26,911 | €49 | -€26,861 | -99.8% |
| Fixed assets | 21/28 | €26,850 | - | -€26,850 | |
| Tangible fixed assets | 22/27 | €21,850 | - | -€21,850 | |
| Plant, machinery and equipment | 23 | €21,850 | - | -€21,850 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €61 | €49 | -€11 | -18.9% |
| Cash at bank and in hand | 54/58 | €61 | €49 | -€11 | -18.9% |
| Total equity and liabilities | 10/49 | €26,911 | €49 | -€26,861 | -99.8% |
| Equity | 10/15 | -€31,928 | -€73,118 | -€41,190 | -129.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,928 | -€75,118 | -€41,190 | -121.4% |
| Amounts payable | 17/49 | €58,839 | €73,168 | +€14,329 | +24.4% |
| Amounts payable within one year | 42/48 | €58,839 | €73,168 | +€14,329 | +24.4% |
| Financial debts | 43 | €17,923 | €33,572 | +€15,648 | +87.3% |
| Other loans | 439 | €17,923 | €33,572 | +€15,648 | +87.3% |
| Trade debts | 44 | €637 | - | -€637 | |
| Suppliers | 440/4 | €637 | - | -€637 | |
| Taxes, remuneration and social security | 45 | €754 | €70 | -€684 | -90.7% |
| Taxes | 450/3 | €754 | €70 | -€684 | -90.7% |
| Other amounts payable | 47/48 | €39,525 | €39,526 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,521 | - | -€3,521 | |
| Other operating charges | 640/8 | €172 | €26,897 | +€26,725 | +15533.4% |
| Gross operating margin | 9900 | -€30,156 | -€14,063 | +€16,093 | +53.4% |
| Operating profit (loss) | 9901 | -€33,849 | -€40,960 | -€7,111 | -21.0% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1181.5% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1181.5% |
| Financial charges | 65/66B | €80 | €240 | +€160 | +201.0% |
| Recurring financial charges | 65 | €80 | €240 | +€160 | +201.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,928 | -€41,190 | -€7,262 | -21.4% |
| Profit (loss) for the period | 9904 | -€33,928 | -€41,190 | -€7,262 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,928 | -€41,190 | -€7,262 | -21.4% |
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 12 October 2026 via checked.be.