CODERIA: 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.
CODERIA
Largest movements
- Cash +€15,387
up €15,387 (+33.4%), from €46,081 to €61,468
mainly Net result for the year (+€51,387) and Other debts (+€17,873)
- Receivables within one year +€2,672
up €2,672 (+22.0%), from €12,121 to €14,792
of which Trade receivables: +€2,422
- Other debts +€17,873
up €17,873 (+184.7%), from €9,680 to €27,553
- Reserves +€3,683
up €3,683 (+7.7%), from €47,704 to €51,387
- Tax, wage and social debts -€2,395
down €2,395 (-16.9%), from €14,142 to €11,747
of which Taxes: -€2,374
- Gross operating margin +€5,923
up €5,923 (+8.8%), from €67,683 to €73,606
- Depreciation +€1,255
up €1,255 (+23.8%), from €5,275 to €6,531
- Taxes +€1,026
up €1,026 (+7.5%), from €13,725 to €14,750
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 | €73,484 | €92,587 | +€19,104 | +26.0% |
| Fixed assets | 21/28 | €14,621 | €15,405 | +€784 | +5.4% |
| Tangible fixed assets | 22/27 | €14,621 | €15,405 | +€784 | +5.4% |
| Land and buildings | 22 | €6,891 | €6,013 | -€878 | -12.7% |
| Plant, machinery and equipment | 23 | €994 | €889 | -€104 | -10.5% |
| Furniture and vehicles | 24 | €6,736 | €8,502 | +€1,766 | +26.2% |
| Current assets | 29/58 | €58,863 | €77,182 | +€18,320 | +31.1% |
| Amounts receivable within one year | 40/41 | €12,121 | €14,792 | +€2,672 | +22.0% |
| Trade receivables | 40 | €11,845 | €14,267 | +€2,422 | +20.4% |
| Other amounts receivable | 41 | €276 | €525 | +€250 | +90.7% |
| Cash at bank and in hand | 54/58 | €46,081 | €61,468 | +€15,387 | +33.4% |
| Deferred charges and accrued income | 490/1 | €661 | €922 | +€261 | +39.4% |
| Total equity and liabilities | 10/49 | €73,484 | €92,587 | +€19,104 | +26.0% |
| Equity | 10/15 | €48,904 | €52,587 | +€3,683 | +7.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €47,704 | €51,387 | +€3,683 | +7.7% |
| Distributable reserves | 133 | €47,704 | €51,387 | +€3,683 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,580 | €40,001 | +€15,421 | +62.7% |
| Amounts payable within one year | 42/48 | €24,580 | €40,001 | +€15,421 | +62.7% |
| Financial debts | 43 | €55 | €84 | +€29 | +53.1% |
| Credit institutions | 430/8 | €55 | €84 | +€29 | +53.1% |
| Trade debts | 44 | €704 | €617 | -€87 | -12.3% |
| Suppliers | 440/4 | €704 | €617 | -€87 | -12.3% |
| Taxes, remuneration and social security | 45 | €14,142 | €11,747 | -€2,395 | -16.9% |
| Taxes | 450/3 | €12,099 | €9,725 | -€2,374 | -19.6% |
| Remuneration and social security | 454/9 | €2,043 | €2,022 | -€21 | -1.0% |
| Other amounts payable | 47/48 | €9,680 | €27,553 | +€17,873 | +184.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,275 | €6,531 | +€1,255 | +23.8% |
| Other operating charges | 640/8 | €887 | €845 | -€42 | -4.8% |
| Gross operating margin | 9900 | €67,683 | €73,606 | +€5,923 | +8.8% |
| Operating profit (loss) | 9901 | €61,520 | €66,230 | +€4,710 | +7.7% |
| Financial charges | 65/66B | €92 | €93 | +€1 | +1.4% |
| Recurring financial charges | 65 | €92 | €93 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €61,428 | €66,137 | +€4,709 | +7.7% |
| Income taxes | 67/77 | €13,725 | €14,750 | +€1,026 | +7.5% |
| Profit (loss) for the period | 9904 | €47,704 | €51,387 | +€3,683 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,704 | €51,387 | +€3,683 | +7.7% |
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 7 October 2026 via checked.be.