CODESARE: 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.
CODESARE
Largest movements
- Cash -€6,262
down €6,262 (-70.5%), from €8,877 to €2,615
mainly Other debts (-€13,416) and Receivables within one year (-€3,189)
- Receivables within one year +€3,189
up €3,189 (+47.4%), from €6,733 to €9,923
of which Trade receivables: +€2,899
- Tangible fixed assets -€1,149
down €1,149 (-32.6%), from €3,524 to €2,375
of which Furniture and vehicles: -€909
- Deferred charges and accrued income -€774
down €774 (-17.1%), from €4,538 to €3,764
- Other debts -€13,416
down €13,416 (-98.5%), from €13,624 to €208
- Profit (loss) carried forward +€6,045
up €6,045 (+422.1%), from €1,432 to €7,477
- Trade debts +€3,035
up €3,035 (+61.1%), from €4,966 to €8,001
- Tax, wage and social debts -€1,650
down €1,650 (-100.0%), from €1,650 to €0
- Accrued charges and deferred income +€990
new in 2026: €990
- Gross operating margin +€31,962
up €31,962, from -€23,237 to €8,726
- Other operating charges +€756
up €756 (+161.2%), from €469 to €1,224
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,672 | €18,676 | -€4,996 | -21.1% |
| Fixed assets | 21/28 | €3,524 | €2,375 | -€1,149 | -32.6% |
| Tangible fixed assets | 22/27 | €3,524 | €2,375 | -€1,149 | -32.6% |
| Plant, machinery and equipment | 23 | €624 | €385 | -€240 | -38.4% |
| Furniture and vehicles | 24 | €2,899 | €1,990 | -€909 | -31.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €20,148 | €16,301 | -€3,847 | -19.1% |
| Amounts receivable within one year | 40/41 | €6,733 | €9,923 | +€3,189 | +47.4% |
| Trade receivables | 40 | €5,458 | €8,357 | +€2,899 | +53.1% |
| Other amounts receivable | 41 | €1,276 | €1,566 | +€290 | +22.7% |
| Cash at bank and in hand | 54/58 | €8,877 | €2,615 | -€6,262 | -70.5% |
| Deferred charges and accrued income | 490/1 | €4,538 | €3,764 | -€774 | -17.1% |
| Total equity and liabilities | 10/49 | €23,672 | €18,676 | -€4,996 | -21.1% |
| Equity | 10/15 | €3,432 | €9,477 | +€6,045 | +176.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,432 | €7,477 | +€6,045 | +422.1% |
| Amounts payable | 17/49 | €20,240 | €9,199 | -€11,041 | -54.5% |
| Amounts payable within one year | 42/48 | €20,240 | €8,209 | -€12,031 | -59.4% |
| Trade debts | 44 | €4,966 | €8,001 | +€3,035 | +61.1% |
| Suppliers | 440/4 | €4,966 | €8,001 | +€3,035 | +61.1% |
| Taxes, remuneration and social security | 45 | €1,650 | €0 | -€1,650 | -100.0% |
| Taxes | 450/3 | €1,650 | €0 | -€1,650 | -100.0% |
| Other amounts payable | 47/48 | €13,624 | €208 | -€13,416 | -98.5% |
| Accrued charges and deferred income | 492/3 | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €1,149 | +€145 | +14.5% |
| Other operating charges | 640/8 | €469 | €1,224 | +€756 | +161.2% |
| Gross operating margin | 9900 | -€23,237 | €8,726 | +€31,962 | |
| Operating profit (loss) | 9901 | -€24,709 | €6,352 | +€31,062 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €314 | €308 | -€6 | -1.9% |
| Recurring financial charges | 65 | €314 | €308 | -€6 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,023 | €6,045 | +€31,068 | |
| Profit (loss) for the period | 9904 | -€25,023 | €6,045 | +€31,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,023 | €6,045 | +€31,068 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.