CODEQUANTUM: what changed
CODEQUANTUM
Largest movements
- Cash +€14,101
up €14,101 (+16.9%), from €83,227 to €97,328
mainly Other debts (+€59,388) and Net result for the year (+€25,219)
- Current investments +€12,000
new in 2025: €12,000
- Receivables within one year +€4,544
up €4,544 (+33.4%), from €13,593 to €18,138
of which Other amounts receivable: +€3,192
- Deferred charges and accrued income -€3,284
down €3,284 (-36.0%), from €9,128 to €5,844
- Tangible fixed assets +€2,067
up €2,067 (+44.9%), from €4,606 to €6,673
of which Other tangible fixed assets: +€2,211
- Other debts +€59,388
up €59,388 (+19,092%), from €311 to €59,699
- Reserves -€34,147
down €34,147 (-33.5%), from €101,799 to €67,652
- Tax, wage and social debts +€2,642
up €2,642 (+44.1%), from €5,993 to €8,635
- Gross operating margin -€11,467
down €11,467 (-23.7%), from €48,326 to €36,859
- Taxes -€2,176
down €2,176 (-24.2%), from €8,985 to €6,808
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,298 | €140,331 | +€29,034 | +26.1% |
| Formation expenses | 20 | €744 | €349 | -€395 | -53.1% |
| Fixed assets | 21/28 | €4,606 | €6,673 | +€2,067 | +44.9% |
| Tangible fixed assets | 22/27 | €4,606 | €6,673 | +€2,067 | +44.9% |
| Plant, machinery and equipment | 23 | €3,186 | €2,577 | -€609 | -19.1% |
| Furniture and vehicles | 24 | €1,420 | €1,884 | +€465 | +32.7% |
| Other tangible fixed assets | 26 | - | €2,211 | +€2,211 | |
| Current assets | 29/58 | €105,948 | €133,310 | +€27,362 | +25.8% |
| Amounts receivable within one year | 40/41 | €13,593 | €18,138 | +€4,544 | +33.4% |
| Trade receivables | 40 | €12,578 | €13,931 | +€1,353 | +10.8% |
| Other amounts receivable | 41 | €1,016 | €4,207 | +€3,192 | +314% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €83,227 | €97,328 | +€14,101 | +16.9% |
| Deferred charges and accrued income | 490/1 | €9,128 | €5,844 | -€3,284 | -36.0% |
| Total equity and liabilities | 10/49 | €111,298 | €140,331 | +€29,034 | +26.1% |
| Equity | 10/15 | €104,299 | €70,152 | -€34,147 | -32.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €101,799 | €67,652 | -€34,147 | -33.5% |
| Distributable reserves | 133 | €101,799 | €67,652 | -€34,147 | -33.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,999 | €70,179 | +€63,180 | +903% |
| Amounts payable within one year | 42/48 | €6,999 | €70,179 | +€63,180 | +903% |
| Trade debts | 44 | €695 | €1,846 | +€1,151 | +165% |
| Suppliers | 440/4 | €695 | €1,846 | +€1,151 | +165% |
| Taxes, remuneration and social security | 45 | €5,993 | €8,635 | +€2,642 | +44.1% |
| Taxes | 450/3 | €5,993 | €8,635 | +€2,642 | +44.1% |
| Other amounts payable | 47/48 | €311 | €59,699 | +€59,388 | +19,092% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | €3,003 | +€55 | +1.9% |
| Other operating charges | 640/8 | €568 | €545 | -€23 | -4.0% |
| Gross operating margin | 9900 | €48,326 | €36,859 | -€11,467 | -23.7% |
| Operating profit (loss) | 9901 | €44,810 | €33,311 | -€11,499 | -25.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €1,684 | €1,283 | -€401 | -23.8% |
| Recurring financial charges | 65 | €1,684 | €1,283 | -€401 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €43,131 | €32,028 | -€11,103 | -25.7% |
| Income taxes | 67/77 | €8,985 | €6,808 | -€2,176 | -24.2% |
| Profit (loss) for the period | 9904 | €34,147 | €25,219 | -€8,927 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,147 | €25,219 | -€8,927 | -26.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.