CodePilot: 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.
CodePilot
Largest movements
- Cash +€20,788
up €20,788 (+11.5%), from €181,368 to €202,155
mainly Other debts (+€88,543) and Depreciation (+€27,347)
- Intangible fixed assets -€10,671
down €10,671 (-46.2%), from €23,120 to €12,449
- Tangible fixed assets -€7,659
down €7,659 (-25.0%), from €30,612 to €22,953
of which Furniture and vehicles: -€6,345
- Profit (loss) carried forward -€90,895
down €90,895 (-85.4%), from €106,448 to €15,553
- Other debts +€88,543
up €88,543 (+76.7%), from €115,396 to €203,939
- Tax, wage and social debts +€9,346
up €9,346 (+186.7%), from €5,005 to €14,351
- Gross operating margin -€7,794
down €7,794 (-11.0%), from €70,694 to €62,900
- Depreciation +€2,477
up €2,477 (+10.0%), from €24,870 to €27,347
- Financial charges -€2,229
down €2,229 (-28.5%), from €7,815 to €5,587
- Taxes -€1,284
down €1,284 (-13.4%), from €9,598 to €8,314
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 | €255,596 | €261,778 | +€6,182 | +2.4% |
| Fixed assets | 21/28 | €53,732 | €35,402 | -€18,330 | -34.1% |
| Intangible fixed assets | 21 | €23,120 | €12,449 | -€10,671 | -46.2% |
| Tangible fixed assets | 22/27 | €30,612 | €22,953 | -€7,659 | -25.0% |
| Plant, machinery and equipment | 23 | €2,225 | €1,090 | -€1,135 | -51.0% |
| Furniture and vehicles | 24 | €27,819 | €21,474 | -€6,345 | -22.8% |
| Other tangible fixed assets | 26 | €567 | €389 | -€178 | -31.4% |
| Current assets | 29/58 | €201,864 | €226,376 | +€24,512 | +12.1% |
| Amounts receivable within one year | 40/41 | €17,764 | €19,808 | +€2,044 | +11.5% |
| Trade receivables | 40 | €13,972 | €18,622 | +€4,650 | +33.3% |
| Other amounts receivable | 41 | €3,792 | €1,186 | -€2,606 | -68.7% |
| Cash at bank and in hand | 54/58 | €181,368 | €202,155 | +€20,788 | +11.5% |
| Deferred charges and accrued income | 490/1 | €2,732 | €4,412 | +€1,680 | +61.5% |
| Total equity and liabilities | 10/49 | €255,596 | €261,778 | +€6,182 | +2.4% |
| Equity | 10/15 | €126,908 | €36,013 | -€90,895 | -71.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,448 | €15,553 | -€90,895 | -85.4% |
| Amounts payable | 17/49 | €128,688 | €225,765 | +€97,077 | +75.4% |
| Amounts payable within one year | 42/48 | €120,914 | €220,220 | +€99,307 | +82.1% |
| Financial debts | 43 | €94 | €216 | +€122 | +129.6% |
| Credit institutions | 430/8 | €94 | €216 | +€122 | +129.6% |
| Trade debts | 44 | €419 | €1,715 | +€1,296 | +309.4% |
| Suppliers | 440/4 | €419 | €1,715 | +€1,296 | +309.4% |
| Taxes, remuneration and social security | 45 | €5,005 | €14,351 | +€9,346 | +186.7% |
| Taxes | 450/3 | €5,005 | €14,351 | +€9,346 | +186.7% |
| Other amounts payable | 47/48 | €115,396 | €203,939 | +€88,543 | +76.7% |
| Accrued charges and deferred income | 492/3 | €7,774 | €5,545 | -€2,229 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,870 | €27,347 | +€2,477 | +10.0% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.3% |
| Gross operating margin | 9900 | €70,694 | €62,900 | -€7,794 | -11.0% |
| Operating profit (loss) | 9901 | €45,288 | €35,004 | -€10,284 | -22.7% |
| Financial income | 75/76B | €12 | €1 | -€11 | -90.6% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -90.6% |
| Financial charges | 65/66B | €7,815 | €5,587 | -€2,229 | -28.5% |
| Recurring financial charges | 65 | €7,815 | €5,587 | -€2,229 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €37,485 | €29,419 | -€8,066 | -21.5% |
| Income taxes | 67/77 | €9,598 | €8,314 | -€1,284 | -13.4% |
| Profit (loss) for the period | 9904 | €27,887 | €21,105 | -€6,782 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,887 | €21,105 | -€6,782 | -24.3% |
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 30 September 2026 via checked.be.