Codeminded: 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.
Codeminded
Largest movements
- Current investments +€30,483
up €30,483 (+23.8%), from €128,284 to €158,767
- Tangible fixed assets -€6,203
down €6,203 (-5.6%), from €110,273 to €104,069
of which Land and buildings: -€24,888
- Reserves +€23,793
up €23,793 (+6.5%), from €366,159 to €389,953
- Tax, wage and social debts -€9,779
down €9,779 (-67.1%), from €14,581 to €4,802
of which Remuneration and social security: -€10,000
- Other debts +€8,701
up €8,701 (+74.9%), from €11,615 to €20,316
- Gross operating margin +€4,462
up €4,462 (+4.8%), from €92,480 to €96,942
- Depreciation +€1,960
up €1,960 (+7.6%), from €25,721 to €27,682
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 | €415,946 | €437,499 | +€21,553 | +5.2% |
| Fixed assets | 21/28 | €110,273 | €104,069 | -€6,203 | -5.6% |
| Tangible fixed assets | 22/27 | €110,273 | €104,069 | -€6,203 | -5.6% |
| Land and buildings | 22 | €107,632 | €82,744 | -€24,888 | -23.1% |
| Plant, machinery and equipment | 23 | €1,505 | €19,443 | +€17,938 | +1191.6% |
| Furniture and vehicles | 24 | €1,135 | €1,883 | +€747 | +65.8% |
| Current assets | 29/58 | €305,673 | €333,430 | +€27,757 | +9.1% |
| Amounts receivable within one year | 40/41 | €14,295 | €15,400 | +€1,105 | +7.7% |
| Trade receivables | 40 | €12,920 | €13,730 | +€810 | +6.3% |
| Other amounts receivable | 41 | €1,375 | €1,670 | +€295 | +21.4% |
| Current investments | 50/53 | €128,284 | €158,767 | +€30,483 | +23.8% |
| Cash at bank and in hand | 54/58 | €161,381 | €157,362 | -€4,019 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,900 | +€188 | +11.0% |
| Total equity and liabilities | 10/49 | €415,946 | €437,499 | +€21,553 | +5.2% |
| Equity | 10/15 | €384,820 | €408,614 | +€23,793 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,159 | €389,953 | +€23,793 | +6.5% |
| Distributable reserves | 133 | €366,159 | €389,953 | +€23,793 | +6.5% |
| Profit (loss) carried forward | 14 | €61 | €61 | = | 0.0% |
| Amounts payable | 17/49 | €31,126 | €28,886 | -€2,240 | -7.2% |
| Amounts payable within one year | 42/48 | €30,426 | €28,886 | -€1,540 | -5.1% |
| Trade debts | 44 | €4,230 | €3,768 | -€462 | -10.9% |
| Suppliers | 440/4 | €4,230 | €3,768 | -€462 | -10.9% |
| Taxes, remuneration and social security | 45 | €14,581 | €4,802 | -€9,779 | -67.1% |
| Taxes | 450/3 | €4,581 | €4,802 | +€221 | +4.8% |
| Remuneration and social security | 454/9 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts payable | 47/48 | €11,615 | €20,316 | +€8,701 | +74.9% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,721 | €27,682 | +€1,960 | +7.6% |
| Other operating charges | 640/8 | €3,016 | €3,046 | +€30 | +1.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €92,480 | €96,942 | +€4,462 | +4.8% |
| Operating profit (loss) | 9901 | €63,743 | €66,215 | +€2,472 | +3.9% |
| Financial income | 75/76B | €678 | €704 | +€26 | +3.9% |
| Recurring financial income | 75 | €678 | €704 | +€26 | +3.9% |
| Financial charges | 65/66B | €129 | €196 | +€68 | +52.7% |
| Recurring financial charges | 65 | €129 | €196 | +€68 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €64,292 | €66,722 | +€2,430 | +3.8% |
| Income taxes | 67/77 | €18,482 | €18,704 | +€222 | +1.2% |
| Profit (loss) for the period | 9904 | €45,810 | €48,018 | +€2,208 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,810 | €48,018 | +€2,208 | +4.8% |
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 5 October 2026 via checked.be.