CODELY: 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.
CODELY
Largest movements
- Cash +€1,984
up €1,984 (+33.5%), from €5,916 to €7,900
mainly Other debts (+€46,964) and Trade debts (+€2,733)
- Tangible fixed assets -€1,808
down €1,808 (-35.4%), from €5,114 to €3,306
- Receivables within one year +€732
up €732 (+8.3%), from €8,869 to €9,601
- Deferred charges and accrued income -€315
down €315 (-64.7%), from €486 to €172
- Profit (loss) carried forward -€50,520
down €50,520 (-102.0%), from -€49,549 to -€100,069
- Other debts +€46,964
up €46,964 (+95.0%), from €49,439 to €96,403
- Trade debts +€2,733
up €2,733 (+1047.3%), from €261 to €2,994
- Tax, wage and social debts +€1,417
up €1,417 (+21.9%), from €6,468 to €7,884
of which Remuneration and social security: +€1,390
- Depreciation -€1,374
down €1,374 (-43.2%), from €3,182 to €1,808
- Financial charges +€1,345
up €1,345 (+2.7%), from €49,714 to €51,059
- Gross operating margin -€996
down €996 (-28.6%), from €3,481 to €2,484
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 | €20,432 | €21,026 | +€594 | +2.9% |
| Fixed assets | 21/28 | €5,161 | €3,353 | -€1,808 | -35.0% |
| Tangible fixed assets | 22/27 | €5,114 | €3,306 | -€1,808 | -35.4% |
| Furniture and vehicles | 24 | €5,114 | €3,306 | -€1,808 | -35.4% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €15,271 | €17,673 | +€2,402 | +15.7% |
| Amounts receivable within one year | 40/41 | €8,869 | €9,601 | +€732 | +8.3% |
| Trade receivables | 40 | €8,869 | €9,601 | +€732 | +8.3% |
| Cash at bank and in hand | 54/58 | €5,916 | €7,900 | +€1,984 | +33.5% |
| Deferred charges and accrued income | 490/1 | €486 | €172 | -€315 | -64.7% |
| Total equity and liabilities | 10/49 | €20,432 | €21,026 | +€594 | +2.9% |
| Equity | 10/15 | -€35,736 | -€86,256 | -€50,520 | -141.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,313 | €11,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €11,063 | €11,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,549 | -€100,069 | -€50,520 | -102.0% |
| Amounts payable | 17/49 | €56,168 | €107,281 | +€51,113 | +91.0% |
| Amounts payable within one year | 42/48 | €56,168 | €107,281 | +€51,113 | +91.0% |
| Trade debts | 44 | €261 | €2,994 | +€2,733 | +1047.3% |
| Suppliers | 440/4 | €261 | €2,994 | +€2,733 | +1047.3% |
| Taxes, remuneration and social security | 45 | €6,468 | €7,884 | +€1,417 | +21.9% |
| Taxes | 450/3 | €3,900 | €3,926 | +€27 | +0.7% |
| Remuneration and social security | 454/9 | €2,568 | €3,958 | +€1,390 | +54.1% |
| Other amounts payable | 47/48 | €49,439 | €96,403 | +€46,964 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,182 | €1,808 | -€1,374 | -43.2% |
| Other operating charges | 640/8 | €133 | €137 | +€4 | +3.1% |
| Gross operating margin | 9900 | €3,481 | €2,484 | -€996 | -28.6% |
| Operating profit (loss) | 9901 | €165 | €539 | +€374 | +226.1% |
| Financial charges | 65/66B | €49,714 | €51,059 | +€1,345 | +2.7% |
| Recurring financial charges | 65 | €49,714 | €51,059 | +€1,345 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,549 | -€50,520 | -€971 | -2.0% |
| Profit (loss) for the period | 9904 | -€49,549 | -€50,520 | -€971 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,549 | -€50,520 | -€971 | -2.0% |
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 28 September 2026 via checked.be.