Codemans: 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.
Codemans
Largest movements
- Cash -€10,628
down €10,628 (-94.8%), from €11,215 to €588
mainly Debts after one year (-€7,480) and Tax, wage and social debts (-€5,432)
- Tangible fixed assets -€7,321
down €7,321 (-26.4%), from €27,758 to €20,437
of which Leasing and similar rights: -€6,410
- Receivables within one year +€3,430
up €3,430 (+23.2%), from €14,783 to €18,213
- Debts after one year -€7,480
down €7,480 (-51.2%), from €14,623 to €7,143
- Tax, wage and social debts -€5,432
down €5,432 (-46.8%), from €11,606 to €6,174
- Trade debts +€4,412
up €4,412 (+90.8%), from €4,860 to €9,272
- Reserves -€4,345
down €4,345 (-50.9%), from €8,537 to €4,191
- Other debts -€3,806
down €3,806 (-83.5%), from €4,557 to €751
- Gross operating margin -€17,829
down €17,829 (-74.9%), from €23,805 to €5,976
- Taxes -€2,629
down €2,629 (-95.2%), from €2,761 to €132
- Depreciation -€2,210
down €2,210 (-22.7%), from €9,740 to €7,530
- Financial charges -€584
down €584 (-34.2%), from €1,706 to €1,122
- Other operating charges -€357
down €357 (-33.1%), from €1,077 to €721
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.
Derived cash bridge
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 | €53,849 | €39,331 | -€14,518 | -27.0% |
| Fixed assets | 21/28 | €27,758 | €20,437 | -€7,321 | -26.4% |
| Tangible fixed assets | 22/27 | €27,758 | €20,437 | -€7,321 | -26.4% |
| Plant, machinery and equipment | 23 | €2,602 | €1,750 | -€852 | -32.7% |
| Furniture and vehicles | 24 | €225 | €166 | -€59 | -26.1% |
| Leasing and similar rights | 25 | €24,931 | €18,521 | -€6,410 | -25.7% |
| Current assets | 29/58 | €26,091 | €18,894 | -€7,197 | -27.6% |
| Amounts receivable within one year | 40/41 | €14,783 | €18,213 | +€3,430 | +23.2% |
| Trade receivables | 40 | €14,783 | €18,213 | +€3,430 | +23.2% |
| Cash at bank and in hand | 54/58 | €11,215 | €588 | -€10,628 | -94.8% |
| Deferred charges and accrued income | 490/1 | €92 | €94 | +€2 | +1.6% |
| Total equity and liabilities | 10/49 | €53,849 | €39,331 | -€14,518 | -27.0% |
| Equity | 10/15 | €11,037 | €6,691 | -€4,345 | -39.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,537 | €4,191 | -€4,345 | -50.9% |
| Distributable reserves | 133 | €8,537 | €4,191 | -€4,345 | -50.9% |
| Amounts payable | 17/49 | €42,812 | €32,640 | -€10,172 | -23.8% |
| Amounts payable after more than one year | 17 | €14,623 | €7,143 | -€7,480 | -51.2% |
| Financial debts | 170/4 | €14,623 | €7,143 | -€7,480 | -51.2% |
| Amounts payable within one year | 42/48 | €28,190 | €25,497 | -€2,693 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €7,167 | €9,301 | +€2,133 | +29.8% |
| Trade debts | 44 | €4,860 | €9,272 | +€4,412 | +90.8% |
| Suppliers | 440/4 | €4,860 | €9,272 | +€4,412 | +90.8% |
| Taxes, remuneration and social security | 45 | €11,606 | €6,174 | -€5,432 | -46.8% |
| Taxes | 450/3 | €11,606 | €6,174 | -€5,432 | -46.8% |
| Other amounts payable | 47/48 | €4,557 | €751 | -€3,806 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,740 | €7,530 | -€2,210 | -22.7% |
| Other operating charges | 640/8 | €1,077 | €721 | -€357 | -33.1% |
| Non-recurring operating charges | 66A | - | €834 | +€834 | |
| Gross operating margin | 9900 | €23,805 | €5,976 | -€17,829 | -74.9% |
| Operating profit (loss) | 9901 | €12,988 | -€3,108 | -€16,096 | |
| Financial income | 75/76B | €16 | €17 | +€1 | +7.1% |
| Recurring financial income | 75 | €16 | €17 | +€1 | +7.1% |
| Financial charges | 65/66B | €1,706 | €1,122 | -€584 | -34.2% |
| Recurring financial charges | 65 | €1,706 | €1,122 | -€584 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €11,298 | -€4,213 | -€15,511 | |
| Income taxes | 67/77 | €2,761 | €132 | -€2,629 | -95.2% |
| Profit (loss) for the period | 9904 | €8,537 | -€4,345 | -€12,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,537 | -€4,345 | -€12,882 |
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 25 October 2026 via checked.be.