CodePixel: 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.
CodePixel
Largest movements
- Receivables within one year +€4,680
up €4,680 (+89.1%), from €5,250 to €9,930
of which Other amounts receivable: +€2,343
- Cash +€1,815
up €1,815 (+13.7%), from €13,242 to €15,057
mainly Net result for the year (+€3,545) and Contributions, distributions and other (+€2,500)
- Deferred charges and accrued income -€1,106
down €1,106 (-28.6%), from €3,868 to €2,762
- Tangible fixed assets +€580
up €580 (+27.6%), from €2,100 to €2,681
- Profit (loss) carried forward +€3,545
up €3,545 (+34.4%), from €10,292 to €13,837
- Contributions +€2,500
up €2,500 (+100.0%), from €2,500 to €5,000
- Other debts +€1,610
up €1,610 (+25.5%), from €6,321 to €7,930
- Accrued charges and deferred income -€1,257
no longer reported in 2025 (was €1,257)
- Tax, wage and social debts +€924
up €924 (+46.2%), from €2,001 to €2,925
of which Taxes: +€962
- Gross operating margin -€17,653
down €17,653 (-63.6%), from €27,769 to €10,116
- Depreciation -€2,269
down €2,269 (-59.1%), from €3,837 to €1,568
- Taxes -€2,199
down €2,199 (-47.5%), from €4,633 to €2,434
- Financial charges -€1,780
down €1,780 (-43.9%), from €4,058 to €2,278
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 | €24,695 | €30,429 | +€5,735 | +23.2% |
| Fixed assets | 21/28 | €2,335 | €2,681 | +€345 | +14.8% |
| Tangible fixed assets | 22/27 | €2,100 | €2,681 | +€580 | +27.6% |
| Furniture and vehicles | 24 | €2,100 | €2,681 | +€580 | +27.6% |
| Financial fixed assets | 28 | €235 | - | -€235 | |
| Current assets | 29/58 | €22,359 | €27,748 | +€5,389 | +24.1% |
| Amounts receivable within one year | 40/41 | €5,250 | €9,930 | +€4,680 | +89.1% |
| Trade receivables | 40 | €5,245 | €7,581 | +€2,337 | +44.5% |
| Other amounts receivable | 41 | €5 | €2,348 | +€2,343 | +44377.8% |
| Cash at bank and in hand | 54/58 | €13,242 | €15,057 | +€1,815 | +13.7% |
| Deferred charges and accrued income | 490/1 | €3,868 | €2,762 | -€1,106 | -28.6% |
| Total equity and liabilities | 10/49 | €24,695 | €30,429 | +€5,735 | +23.2% |
| Equity | 10/15 | €12,792 | €18,837 | +€6,045 | +47.3% |
| Contributions | 10/11 | €2,500 | €5,000 | +€2,500 | +100.0% |
| Profit (loss) carried forward | 14 | €10,292 | €13,837 | +€3,545 | +34.4% |
| Amounts payable | 17/49 | €11,903 | €11,593 | -€311 | -2.6% |
| Amounts payable after more than one year | 17 | €578 | - | -€578 | |
| Financial debts | 170/4 | €578 | - | -€578 | |
| Amounts payable within one year | 42/48 | €10,069 | €11,593 | +€1,524 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €864 | €496 | -€368 | -42.6% |
| Trade debts | 44 | €883 | €241 | -€642 | -72.7% |
| Suppliers | 440/4 | €883 | €241 | -€642 | -72.7% |
| Taxes, remuneration and social security | 45 | €2,001 | €2,925 | +€924 | +46.2% |
| Taxes | 450/3 | €1,849 | €2,811 | +€962 | +52.0% |
| Remuneration and social security | 454/9 | €152 | €114 | -€38 | -25.0% |
| Other amounts payable | 47/48 | €6,321 | €7,930 | +€1,610 | +25.5% |
| Accrued charges and deferred income | 492/3 | €1,257 | - | -€1,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,837 | €1,568 | -€2,269 | -59.1% |
| Other operating charges | 640/8 | €522 | €315 | -€207 | -39.7% |
| Gross operating margin | 9900 | €27,769 | €10,116 | -€17,653 | -63.6% |
| Operating profit (loss) | 9901 | €23,410 | €8,233 | -€15,177 | -64.8% |
| Financial income | 75/76B | €72 | €25 | -€48 | -66.0% |
| Recurring financial income | 75 | €72 | €25 | -€48 | -66.0% |
| Non-recurring financial income | 76B | €72 | €25 | -€48 | -66.0% |
| Financial charges | 65/66B | €4,058 | €2,278 | -€1,780 | -43.9% |
| Recurring financial charges | 65 | €4,058 | €2,278 | -€1,780 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €19,424 | €5,980 | -€13,445 | -69.2% |
| Income taxes | 67/77 | €4,633 | €2,434 | -€2,199 | -47.5% |
| Profit (loss) for the period | 9904 | €14,792 | €3,545 | -€11,246 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,792 | €3,545 | -€11,246 | -76.0% |
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 29 September 2026 via checked.be.